<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, July 16, 2015 1:50 PM</td></tr><tr><td>To:</td><td>Kensington</td></tr><tr><td>Subject:</td><td>Re: RE : Re:</td></tr></table>

understood„ thank you for your time . if you think =f another property let me know. I belive I am one of the few r=al buyers. and when and if Mr Kiss, decides he wants a realist=c price I stand ready

On Thu, Jul 16, 2015 at 9:43 AM, Kensington <redacted> wrote:

Dear Jeffrey,

I had an exchange with Mr. Kiss this morning. =e will certainly not find a way to deal. It seems to be a dead end. Mr. Ki=s thanks' you for your interest for his property.

Regards

Marc

Envoye depuis mon a=pareil Samsung

-------- Message d'origine --------
De : "jeffrey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.com>
Date : 15/07/2015 22:=6 (GMT+00:00)
À : Marc Leon <blackened out>
<mailto: blackened out>
Objet : Re:

ill do better, =AO I 'll buy it for 20 , and if my kiss finds a buyer anytime in the n=xt five years for more than 35 . he can sell it to them and ill move=out. just give me my money back

On Wed, Jul 15, 2015 at 6:09 PM, Marc <u>Leon</u>
<mailto > wrote=

Dear Jeffrey,</>=>

=p class="MsoNormal">I am really more optim=stic about the final sale price of this property. It will probably not be =asy to get a bit much higher than 40. Mr. Kiss refused for several reasons=better offers, but this is the past.

Anyway, would you decide to offer 4= and invest 2 to upgrade it, I would be happy to market it for you with th=s special condition: only be paid if the resale price is over 55 k=>

<=>:

Regards

Marc LEON
Managing Director</=pan>

KENSINGTON=/span>
Finest Properties Marrakech Sarlau

License partner of KENSINGTON<change><span></span></change>
Finest Properties International

Exclusive affiliate of
CHRISTIE'S=International Real Estate

<=>Private Office Marrakech

Avenue Yacoub El Mansour

Arset Bata 3, App= 13, 52 4t.

Guéliz - 40000 - Marrakech (Morocco)
████████████████████████

=span style="font-size:10.0pt;font-family:"Verdana",sans-serif;=olor:#004000" lang="EN-US">www.kensington-morocco.com <http://www.kensington-marrakech.com/>

De =AO: jeffrey E. (mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com= target=>
Envoye :

A : Marc Leon
Ob=et : Re:

=C2

i fully understand, I can always buy it from the foundation? ))=:.

I am aware of the c=st to rebuild, similar to the chataeu i am looking at in france and =he country home in the UK. . however those costs are as =ou are aware are totally irrelvant to the current market prices. . =C2 I have not reached out to Mr kiss either because i know it is =motional.and i am sympathetic to his views. I would send you a cont=act at 20 million but i do not want to upset him, I dont thin= it will sell for more than that. ever. =C2

=A0

On Wed, Jul 15, 2015 at 3:35 PM, =arc Leon <mailto:  > wrote:=u>

Dear Jeffrey,=/a>

=C2

I would agree with the Knight Frank's estimation of value if=it is just for the garden!

There are 19=0 Dactilifera palm trees, 300 Washingtonian palm trees and 320 three =undred year old olive trees which would cost around 15 million euros alone=along with the garden design.

If Knight =rank would like to give their real opinion of value for the construction a=d quality of this masterpiece, we can organize a visit. I would hope this =ultinational company would never make a formal valuation without viewing f=rst....

Knight Frank has no representati=e here and are unlikely to have any idea of the real value of high end pro=erties in Marrakech.

I haven't told Mr Kiss about any your comments =ut I know him very well and I know he would rather give his palace to a fo=ndation than sell it for a too low price.

Yours faithfully

=C2 Marc LEON
Managing Dire=tor

KENSINGTON
Finest Properties Marrakech Sarlau

License pa=nter of KENSINGTON
Finest Properties International<=p>

Exclusive affiliate=of
CHRISTIE'S International Real Estate

Private Office Marrakec=

Avenue Yacoub El Mansour

Arset Bata 3, App. 13,59 et.=u>

Gu =A9liz - 40000 - Marrakech (Morocco)



www.kensington-morocco.com=/a> <http://www.kensington-marrakech.com/>

De : jeffrey E= [mailto:jeevac=tion@gmail.com <mailto:jeevacation@gmail.com> J Envoye : mercredi 15 juillet 2015=11:21

A : Kensington
Objet : =/u>

knight frank just came back with a 15 m price. =C2 . with a guesstimate of 1.5 -2 to bring up to today including =inishing guest house. . wiring to enable high speed. wifi rece=tion etc. can you send me details on italian embassy in tangier? =AO .

=AO please note

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=AO please note

The information contained in this communication is confidential, may=be attorney-client privileged, may

4

constitute inside information, and i= intended only for the use of the addressee. It is the property of

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=C2 please note

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</=iv>

p=ease note

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