(sans objet)

Dear Karyna,

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 into a hotel, but understand you must wait and see.

Our 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.

Thank you.

Best regards,

EFTA00552025

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Karyna

Sent from my iPad