From: J <[email protected]> To: Karyna Shuliak Subject: Re: Bin Palace Date: Sun, 10 Mar 2019 22:15:32 +0000 marc. we just met with the lawyers. are there terms for the letter of credit or are you asking for escrow documents. do you have them? is this for the purchase of the anshalt or the bvi co. ? or the property. we are told that highly unlikely that anyone will be allowed to turn the house it into a hotel. . but understand you must wait and see. my suggestion is as follows. . we will close immediately at 19 million euros for the shares plus 1 m to kensington. . if this is not acceptable . It appears that your vendor will need to find another buyer. and wish you luck. This transaction has too many risks. thx On Sun, Mar 10, 2019 at 11:15 AM Karyna Shuliak > wrote: Begin forwarded message: From: "Marc.Kensington" Date: March 10, 2019 at 6:25:11 AM EDT To: Karyna Shulizi MI NI > Cc: Alex Peto Subject: Bin Palace Dear Karyna, I hope to be able to answer to all your long list of requests. - Survey: Using surveyors as you know in UK or the States is not use in Morocco. There is still a discussion with another potential buyer.s. They visited the property several times, checked all the mechanical and now are only waiting for a permit to increase the number of rooms by adding several pavilions to 60. Their plan is to get the Bin Palace to a boutique hotel. This is the only reason why we are still exchanging. The vendor was clear with the other buying. They applied for a permit on their own risk. The first one who pays gets the property. What are we talking about: Bin Palace is 25 years old property, more a piece of art than a house. Roof, wall, ceilings are in excellent condition. Plumbing, floor heating or electricity also, but might be upgraded. Depends of the wishes of the future owner. Would you redo all this in a castle in Europe ? Talking about the unfinished guest house: This should not be an issue. 70 % of this house was buil