<table><tr><th>From:</th><th>1 &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, January 3, 2019 3:35 PM</td></tr><tr><td>To:</td><td>Karyna Shuliak</td></tr><tr><td>Subject:</td><td>Re: Marrakech Property</td></tr></table>

thank you, we wish you well. our interes= will expire at the end of this month as we will move on to another house.=C240 thx.

On Th., Jan 3, 2019 at 10:20 AM Karyna Shuliak
wrote:

<=div>

Begin forwarded message:

From: Alex Peto
January 3, 2019 at 9:49:10 AM EST.
To: Karyna Shuliak &
Subject: Re: Marrakech Property
=br>

## Dear Karyna

There have been m=ny offers for Bin Ennakhil and there is currently one on the table for aro=nd 30m euros but it has not been agreed.

I =ill of course let you know if it sells or indeed if it falls through but a=figure between 15m - 20m euros is not of interest to the vendor.

If you could come back and have another look in the spring =hould it remain available it would be great.

All =he best

Alex

Alex Peto
Partner</=ont>

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1

## Dear Karyna (cont.)

Find us on Facebook <https://www.facebook.com/kensingtonm=rocco/> | Instagram <https://www.instagram.com/kensington.morocco/> | Twitter <https://twitter.com/kens_properties> <=pan style="font-size:12pt;font-family:"Times New Roman",serif"=

Private Office Marrakech</=iv>

1st Floor, Imm EI=Pacha
67 Rue Ibn=Khaldoun, 40000
Marrakech

Please consider the environment before printing this email.4)=A0

This e-mail may contain confidential and/or privileged information. If =ou are not the intended recipient (or have received this e-mail in error) =lease notify the sender immediately and destroy this e-mail. Any unauthori=ed copying, disclosure or distribution of the material in this e-mail is s=rictly forbidden.

## On Jan 2, 2019, a= 17:31, Karyna Shuliak

wrote:

=div dir="ltr">
Dear Alex,

Thank you very much , hope =ou had a nice holiday. We were told that an offer had been accepted=in the low 20s by another buyer. We think a price between 15 a=d 20 would be as high as we would go, and that would include all taxes. We=calcualted that at least 5. 10 months would be needed and 18 months to fin=sh the guest part, redo plumbing, electrical and infrastructure, which fra=kly appeared quite old. If your other offer falls through, please co=tact me. Otherwise thank you very much for your time. We understand seller= can sometimes be stubborn, but there is a reason that this has been on th= market for so long without a sale.

<=iv dir="ltr">Happy New Year.

All the best,

Karyna=/div>

## On Jan 2, 2019, a= 17:31, Karyna Shuliak (cont.)

Dear Karyna

Happy New Year.

I thought I would =heck you well received all the photos and information I sent through and w=ndered if there was any feedback?

All the best

Alex

Alex Peto
Partne=

www.kensingtonmorocco.com <http://www.kensingtonmoroc=o.com/>

=C24k Find us on Facebook = Instag=am

<https://www.instagram.com/kensington.morocco/> | Twitter <https://=witter.com/kens_properties>

<=span>
Private Office Marrakech=u>

1st Floor, Imm El Pachaadiv>
67 Rue Ibn Khaldoun, 40000=/div>
Marrakech
Morocco

<unknown.png>

alexpeto@me.com> wrote:

Dear Karyna

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

Bin Ennakhil = the asking price remains at 55m euros but as discussed this price is nego=iable and we had it under contact last year but due to health reasons the =urchaser had to pull out. I now believe an offer circa 35m euros would be =cceptable. This property is unique and will never be able to be recreated,=it is a work of art or a monument as much as fabulous property.

=br>

## On Jan 2, 2019, a= 17:31, Karyna Shuliak (cont.)

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

Ksar Swan - also located i= Bab Atlas with an asking price of 30m euros is less negotiable. This prop=rty is owned by the developer of the whole project and as you saw has some=wonderful workmanship with hand carved cedar ceilings and beautiful garden=. As it is lived in most of the year it has a much warmer or homely feelin= to the all the others you saw.

The very high end=property market in Marrakech is as expected a tiny part of the market and =here are no comparable sales since the purchase by the Emir however right =ow Ali Bongo from Gabon and Al Nahyan family of Abu Dhabi are both buildin= palaces which will cost over 40m euros each.

Nor=ally when purchasing a property in Morocco one should add approximately 10= to the purchase price spilt 6% in government taxes, 1% Notaire fees and 3= real estate agency fees however in the case of Bin Ennakhil for example a= the property is owned by a company in Lichtenstein there are no governmen= taxes to be paid in Morocco.

I am sending v=a wetransfer more pictures of Bin Ennakhil, Ksar Swan and Dar Olfa and yo= have the PDF brochures for each property.

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

Kind regards</=iv>

Alex

</=iv>

Alex Peto

Partne=

www.kensingtonmorocco.com <http://www.kensingtonmoroc=o.com/>

=C2 Find us on Facebook = Instag=am
<https://www.instagram.com/kensington.morocco/> | Twitter <https://=witter.com/kens_properties>

<=span>
Private Office Marrakech=u>

1st Floor, Imm El Pacha<=div>
67 Rue Ibn Khaldoun, 40000=/div>
Marrakech
Morocco

<unknown.png>

## On Jan 2, 2019, a= 17:31, Karyna Shuliak (cont.)

Please consider the environment before printing this email. =A0
Th=s e-mail may contain confidential and/or privileged information. If you ar= not the
intended recipient (or have received this e-mail in error) please=notify the sender immediately and destroy this e-mail.
Any unauthorized co=ying, disclosure or distribution of the material in this e-mail is strictl= forbidden.

<signature> 4=lockquote>

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