EFTA02313195.pdf

From: Karyna Shuliak Sent: Friday, February 15, 2019 12:07 PM To: Alex Peto Cc: Marc Leon Subject: Re: Bin Ennakhil Dear Alex, I am sure you are aware that thi= "real estate contract" is highly irregular for Americans. &=bsp; 1. It is not a real estate contract, it is a purchase of a= offshore entity, creating many complexities for americans. &nb=p; 2. There was never any discussion about real estate fees=on top of the price. We have bought many properties, including through Chri=ties and a commission was always paid by seller. <=iv dir="ltr">3.=The due diligence on a lichtenstein co. will take months. 4. We would have to be indemnified for all taxes due to morrocca= government on transfer and unknown liabiltiles of the co., especially as y=u might imagine, this purchase would be very high profile. = 5. Is there a title on file? who would guarantee title transfer= If Christies is willing that might work. 6. We were hopi=g for a quick closing. With this structure it is not possible, and money wo=ld need to be withheld for years to back up the indemnity. It is very=disappointing. We are told that liabilties would extend approx 7 years, so a=payment of 10m day one and 2 milliion per year for 8 years might work. Ther= clearly is no perfect title transfer under your proposed structure. =our jurisdictions, real estate and corporate and disclosure rules in each. C=n you make a suggestion? Thank you. =div dir="ltr")<=r> Best regards, Karyna On Feb 15, 2019, at 9:36 AM, Alex Peto rote: The vendor will not accept less than 25m euros net to him -=our agency fees can either be paid by you or by the vendor but if he pays t=en the price would need to be 26m euros. We have a list of what items he intends to remove - i= is not much but for example there is a Gauguin in the bedroom which of cou=se he will remove - I will get this list and sent it to you. It is not possible to only buy t=e asset and it does save you 7% in government taxes - your lawyers can chec= the company has no liabilities but I assure you anyway it doesn't.=/div> you. If you would like=to discuss any of the above over the telephone please let me know a conveni=nt time to call Al=x EFTA_R1_01202731 EFTA02313195 =div class=""> Alex Peto Pa rtner</=ont> n &nb=p;www.k=nsingtonmorocco.com <http://www.kensingtonmorocco.com/> Find us on Facebook <https://www.fac=book.com/kensingtonmorocco/> I a href="https://www.instagram.com/kensington.morocco/" style="color: rgb=149, 79, 114);" class="">Instag=am Twitter=/o:p> =nbsp; Private Office Marrakech Please consider the enviro=ment before printing this email. This e-ma=l may contain confidential and/or privileged information. If you are not th= intended recipient (or have received this e-mail in error) please notify t=e sender immediately and destroy this e-mail. Any unauthorized copying, dis=losure or distribution of the material in this e-mail is strictly forbidden= <=iv class="">On Feb 14, 2019, at 21:23, Karyna Shuliak Dear Alex, Thank you for your email. Than= you, Best regards, <=span> Karyna On Feb 14, 2019, at 7:27 PM, Alex Peto rote: =br class=""> wro=e: 2 EFTA_R1_01202732 EFTA02313196 Dear Karyna, Please find attached a draft of the sale contract of the shares an= some requested information: - No transfer taxes. It is a share deal without transfer taxes</=iv> - Closing costs: Only our real estate agent's fees, 3% e= VAT - Time frame: As soon as the funds are transferre= - Due diligence: All the documents of the selle=s company are available and this company has only one asset - Bin Ennakhil i= Marrakech - MEP, roofs control: No but can be done at=anytime All the b=st Alex <Kaufvertr=g.doc> Alex Peto Partner <=pan lang= FR-MA class= ""> www.kensingtonmorocco.com <http://www.kens=ngtonmorocco.comk Find us on Facebook <https://www.facebo=k.com/kensingtonmorocco/> Instagram4span> I Twitter</=:p> <=span> Private Office M=rrakech <unknown.png> Please consider the environment before printing this emai=. This e-mail may contain confidential and=or privileged information. If you are not the intended recipient (or have r=ceived this e-mail in error) please notify the sender immediately and destr=y this e-mail. Any unauthorized copying, disclosure or distribution of the m=terial in this e-mail is strictly forbidden. 3 EFTA_R1_01202733 EFTA02313197 wrote: On Feb 13, 2019, at 12:48, Karyna Shuliak =a» =meta http-equiv="content-type" content="text/html; charset=utf-8" cla=s=""> Dear Alex, As you may already know, we are in negotiation= on another property, so please provide as much info as you can, as soon as=you are able to. Taxes on transfer, estimated closing costs, inspections, t=me frame. Has a recent MEP survey been done? Have the roofs been examined? 1= it is in co form, is there due diligence that has been done on sellers co.= wrote: gets back later today. =div dir="ltr" class="">Thank you. Best regards, Karyna On Feb 13, 2019, at 9:04 AM, Alex P=to Dear Karyna Marc is on his way back from Italy today but w=ll send you a contract when he =br class=""> All the best Alex Alex Peto Partner <=pan lang="FR-MA" class=""> www.kensingtonmorocco.com <http://www.kens=ngtonmorocco.com/> Instagram=/span> I Twitter</=:p> Find us on Facebook <https://www.facebo=k.com/kensingtonmorocco/> <=span> 4 EFTA_R1_01202734 EFTA02313198 Private Office M=rrakech </=pan> 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. =br class="Apple-interchange-newline" style="font-family: Helvetica; fon=-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: no=mal; letter-spacing: normal; text-align: start; text- indent: 0px; text-tran=form: none; white-space: normal; word-spacing: Opx; -webkit-text-stroke-wid=h: Opx;"> On Feb 12, 2019, at 23:20, Karyna Shuliak a» 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: Opx; text-=ransform: none; white-space: normal; word-spacing: Opx; -webkit-text-stroke=width: Opx; text- decoration: none;" class=""> Alex, Thank you. Karyna On Feb 12, 2=19, at 4:57 PM, Alex Peto wrote: Hi Karyna </=iv> 5 EFTA_R1_01202735 EFTA02313199 This is not true. Marc (my business partner you met) fie= 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/> 8mbs=; &n=sp; Find us o= =acebook chttps://www.facebook.com/kensingtonmorocco/> I <https://www.instagram.com/kenning=on.morocco/>Twitter chttps://twitter.com/kens_properties> Private Office Marrakech =span id=cid:FB3C2ABB-D5E6-479A-9F8C-2F4FF4461F15" class=""><unknownryng> Please consider the environment before printing this email.&n=sp; This e-mail may contain confidential and/or privileged 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? </=iv> 6 EFTA_R1_01202736 EFTA02313200 7 EFTA_R1_0 1202737 EFTA02313201