INDEBAY 2ND OFFICIAL RELEASE REGARDING THE WORLD CRISIS BY (COVID-19) AND THE REAL ESTATE PROMOTION OF HACIENDA SAMANA BAY

Dear Customer, In accordance with the new legal provisions decreed by the Government of the Dominican Republic, we are obliged to continue with the suspension of construction work on the project in accordance with the National Emergency Decree that orders the general cessation of the non-essential activity in the Country until May 17th.

We will continue operations in the Administration Department, Commercial Department as well as the Technical Team, to the extent possible. Naturally, a reinforcement of security measures has been established for both people and the work in progress, the facilities and material warehouses.

In order to resume the construction activity, work will be carried out in coordination, obedience and respect for the potential extensions that may be established in the future by the Dominican Government and depending on the national and international evolution of the pandemic.

The current economic paralysis is a worldwide situation an unexpected phenomenon that fits into the legal concepts of Force Majeure contained in the contracts, so its understood the agreed delivery terms are automatically to be extended for a period equal to the one extended by this exceptional assumption, 59 days to the date.

However, INDEBAY SRL reiterates its formal commitment to do everything in its power so that, once the Government authorizes the reestablishment of work activity, construction works are immediately restarted. We will keep you duly informed of the evolution of this exceptional situation. We remain at your disposal to answer any questions you consider necessary.

We appreciate your trust and reiterate our commitment to you and to the Hacienda Samaná Bay real estate project.

INDEBAY, S.R.L.
Management