<table><tr><th>From:</th><th>Karyna Shuliak</th></tr><tr><td>Sent:</td><td>Thursday, February 14, 2019 8:23 PM</td></tr><tr><td>To:</td><td>Alex Peto</td></tr><tr><td>Cc:</td><td>Marc León</td></tr><tr><td>Subject:</td><td>Re: Bin Ennakhil</td></tr></table>

Dea= Alex,

Thank you for your e=ail.

Normally seller pays commission, due diligence period to review cos=books. List of items to be removed needs detailing. Taxes owed. Can we just=buy the asset? How are we to know that the co has no liabilities?

Thank you,
Best regards,

Karyna

On Feb 14, 2=19, at 7:27 PM, Alex Peto ████████████████████████████ wrote:

Please fin= attached a draft of the sale contract of the shares and some requested inf=rmation:

	- No tra=sfer taxes. It is a share deal without transfer taxes

	= Closing costs: Only our real estate agent's fees, 3% ex VAT

	- Time frame: As soon as the funds are transferred

- Due diligence: All the documents of the sellers company are avail=ble and this company has only one asset - Bin Ennakhil in Marrakech

	- MEP, roofs control: No but can be done at anytime

All the best
Alex


=div dir="ltr"><Kaufvertrag.doc>


Alex Peto
Partner</=ont>
&n=sp;
██████████████████████████
██████████████████████████
██████████████████████████
&nb=p;www.k=nsingtonmorocco.com <http://www.kensingtonmorocco.com/>

Find us on Facebook <https://www.fac=book.com/kensingtonmorocco/> | <=
href="https://www.instagram.com/kensington.morocco/" style="color: rgb=149, 79, 114);" class="""">Instag=am | Twitter=/o:p>

&nbsp; Private Office Marrakech



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=br class="Apple-interchange-newline">

<=iv class="">On Feb 13, 2019, at 12:48, Karyna Shuliak

wro=é:

Dear Alex,

As you may already know, we are in negotiations on ano=her property, so please provide as much info as you can, as soon as you are=able to. Taxes on transfer, estimated closing costs, inspections, time fram=. Has a recent MEP survey been done? Have the roofs been examined? If it is=in co form, is there due diligence that has been done on sellers co.? =

Thank you.

Best regards,

Karyna

On Feb 13, 2019, at 9:04 AM, Alex Peto wro=e:

=div dir="ltr" class="">
Dear Karyna

Key information from the image:

*   Marc is returning from Italy and will send a contract upon his return.
*   The email is signed "All the best, Alex"
*   Alex Peto is a Partner.
*   The website is www.kensingtonmorocco.com

<http://www.kens=ngtonmorocco.com/>

Find us on Facebook <https://www.facebo=k.com/kensingtonmorocco/>

Instagram=/span> | Twitter</=:p>

The image shows "Private Office Marrakech". The content of the office is obscured by a black rectangle.

Please conside= the environment before printing this email. This e-mail may contain confidential and/or privileged information. If yo= are not the intended recipient (or have received this e-mail in error) ple=se notify the sender immediately and destroy this e-mail. Any unauthorized c=pying, disclosure or distribution of the material in this e-mail is strictl= forbidden.

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On Feb 12, 2019, at 23:20, Karyna Shuliak ██████████████████████████

wrote:

=div dir="ltr" style="caret-color: rgb(0, 0, 0); font-family: Helvetica;=font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight= normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class="">

Alex,

Thank you.

Karyna

On Feb 12, 2=19, at 4:57 PM, Alex Peto ████████████████████ wrote:

## Hi Karyna

</=iv>

This is not true. Marc (my business partner you met) fle= to Italy yesterday and is currently with the owner, he has a written offer=@ 29m euros but with one complication. The owner is not well and does not w=nt to wait for this to be resolved so for a very quick deal I am told he world accept 25m euros.

All the best

Alex Peto
=b class="">Partner

=www.ken=ingtonmorocco.com <http://www.kensingtonmorocco.com/>
&nbs=;

&n=sp; Find us o= =acebook

<https://www.facebook.com/kensingtonmorocco/> | <https://www.instagram.com/kensing=on.morocco/> Twitter <https://twitter.com/kens_properties>

Private Office Marrakech

████████████████████████████

## Hi Karyna (cont.)

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Please consider the environment before printing this email.&n=sp; This e-mail may contain confidential and/or p=ivileged information. If you are not the intended recipient (or have receiv=d this e-mail in error) please notify the sender immediately and destroy th=s e-mail. Any unauthorized copying, disclosure or distribution of the mater=al in this e-mail is strictly forbidden.

On Feb 12, 2019, at 15:51, Ka=yna Shuliak
wrote:

Hi Alex,

l=heard that your buyer walked away, is that true?