<table><tr><th>From:</th><th>Karyna Shuliak &lt;</th></tr><tr><td>Sent:
To:</td><td>Thursday, January 3, 2019 4:39 PM
Jeffrey</td></tr><tr><td>Subject:</td><td>Fwd: Marrakech Property</td></tr></table>

Begin forwarded message:

From: =/b>Alex Peto

Subject: =/b>Re: Marrakech =roperty

Date: =/b>lanuary 3, 2019 at 11:38:27 AM =ST

To: =/b>Karyna Shuliak

Dear Karyna

I understand - thank you for letting me =now.

All the =est

Alex

## Alex =eto

Partner

www.kensingtonmorocco.com

Find us on Facebook I Instagram I Twitter <https://twitter.com/kens_properties>

Private Office Marrakech

1st =Ioor, Imm El =acha
67 Rue Ibn Khaldoun, 40000
Marrakech
Morocco

## Alex =eto (cont.)

Please consider the environment before printing this =mail.

This e-mail may contain =onfidential and/or privileged information. If you are not the intended =ecipient (or have received this e-mail in error) please notify the =ender immediately and destroy this e-mail. Any unauthorized copying, =isclosure or distribution of the material in this e-mail is strictly =orbidden.

On Jan 3, 2019, at 16:43, Karyna Shuliak
<mailto wrote:

Dear Alex,

Thank you. We wish you =ell. Our interest will expire at the end of this month as we will move =n to another house.

Thank you.

Best regards,

Karyna

On Jan 3, 2019, at 9:49 AM, Alex Peto <alexpeto@me.com> =rote:

## Dear Karyna

There have been many =ffers for Bin Ennakhil and there is currently one on the table for =round 30m euros but it has not been agreed.

I will of course let you =now if it sells or indeed if it falls through but a figure between 1Sm = 20m euros is not of interest to the vendor.

If you could come back and have another =ook in the spring should it remain available it would be =reat.

All the =est

Alex

Alex =eto

Partner

## Dear Karyna (cont.)

Find us on Facebook I Instagram I Twitter <https://twitter.com/kens_properties>

Private Office Marrakech

1st =loor, Imm El =acha
67 Rue Ibn Khaldoun, 40000
Marrakech
Morocco

<unknown.png>

## Please consider the environment before printing this =mail.

This e-mail may contain =onfidential and/or privileged information. If you are not the intended =ecipient (or have received this e-mail in error) please notify the =ender immediately and destroy this e-mail. Any unauthorized copying, =isclosure or distribution of the material in this e-mail is strictly =orbidden.

<mailto

On Jan 2, 2019, at 17:31, Karyna Shuliak =It > wrote:

Dear =lex,

Thank you =ery much , hope you had a nice holiday.

We were told that an offer had been accepted in the low =0s by another buyer. We think a price between 15 and 20 =ould be as high as we would go, and that would include all taxes. We =alcualted that at least 5- 10 months would be needed and 18 months to =inish the guest part, redo plumbing, electrical and infrastructure, =hich frankly appeared quite old. If your other offer falls =hrough, please contact me. Otherwise thank you very much for your time. =e understand sellers can sometimes be stubborn, but there is a reason =hat this has been on the market for so long without a sale. =nbsp;

Happy New =ear.

All the best,

Karyna

On Jan 2, 2019, at 10:17 AM, Alex Peto =rote:

## Please consider the environment before printing this =mail. (cont.)

Dear Karyna

Happy New =ear.

I =hought I would check you well received all the photos and information I =ent through and wondered if there was any feedback?

All the best

Alex

Alex =eto
Partner

www. ensing onmorocco.com

Find us on Facebook I Instagram I Twitter

<https://twitter.com/kens_properties>

Private Office Marrakech

1st =Ioor, Imm El =acha
67 Rue Ibn Khaldoun, 40000
Marrakech
Morocco

<unknown.png>

Please consider the environment before printing this =mail. This e-mail may contain =onfidential and/or privileged information. If you are not the intended =ecipient (or have received this e-mail in error) please notify the =ender immediately and destroy this e-mail. Any unauthorized copying, =isclosure or distribution of the material in this e-mail is strictly =orbidden.

On Dec 23, 2018, at 10:34, Alex Peto <███████████> =rote:

Dear Karyna

## Please consider the environment before printing this =mail. (cont.)

It was a pleasure to =eet you and show you some properties during your visit to Marrakech. =elow is a brief synopsis of each of the 3 properties you saw.

Bin Ennakhil - the =sking price remains at 55m euros but as discussed this price is =egotiable and we had it under contact last year but due to health =easons the purchaser had to pull out. I now believe an offer circa 35m =uros would be acceptable. This property is unique and will never be =ble to be recreated, it is a work of art or a monument as much as =abulous property.

Dar Olfa - like Bin Ennakhil the asking price remains at 65m =uros and was also under contact last year but due tax reasons the deal =id not go ahead - it is likely a figure around 40 - 45m euros would be =cceptable. The only comparable recent sale was in this compound known =s Bab Atlas and was the sale of the largest property there for a =eputed 100m euros to The Emir of Qatar.

Ksar Swan - also located in Bab Atlas =ith an asking price of 30m euros is less negotiable. This property is =wned by the developer of the whole project and as you saw has some =onderful workmanship with hand carved cedar ceilings and beautiful =ardens. As it is lived in most of the year it has a much warmer or =omely feeling to the all the others you saw.

The very high end property market in =arrakech is as expected a tiny part of the market and there are no =omparable sales since the purchase by the Emir however right now Ali =ongo from Gabon and Al Nahyan family of Abu Dhabi are both building =alaces which will cost over 40m euros each.

Normally when purchasing a property in =orocco one should add approximately 10% to the purchase price spilt 6% =n government taxes, 1% Notaire fees and 3% real estate agency fees =owever in the case of Bin Ennakhil for example as the property is owned =y a company in Lichtenstein there are no government taxes to be paid in =orocco.

I am sending via wetransfer more pictures of Bin Ennakhil, =sar Swari and Dar Olfa and you have the PDF brochures for each =roperty.

I look forward to hearing from you and of course I remain at =our disposal should you have any more questions.

Kind regards

Alex

Alex =eto
Partner
██████████████████████████
www.kensingtonmorocco.com

Find us on Facebook | Instagram | Twitter
<https://twitter.com/kens_properties>

Private Office Marrakech

## Please consider the environment before printing this =mail. (cont.)

1st =loor, Imm El =acha
67 Rue Ibn Khaldoun, 40000
Marrakech
Morocco

<unknown.png>

Please consider the environment before printing this =mail.

This e-mail may contain ronfidential and/or privileged information. If you are not the intended =ecipient (or have received this e-mail in error) please notify the =ender immediately and destroy this e-mail. Any unauthorized copying, =isclosure or distribution of the material in this e-mail is strictly =orbidden.