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INDEBAY 4TH OFICIAL REALEASE REGARDING THE WORLD CRISIS BY (COVID-19) AND THE REAL ESTATE PROMOTION OF HACIENDA SAMANA BAY (05/20/20)

Dear customer, we are happy to inform that the Dominican Government has approved, starting, May 20th, 2020, the partial opening of productive activities in the country, an opening that consists of four phases and distinguishes between the different productive sectors and the size of the companies by number of employees.

In relation to the construction sector, and specifically to the guidelines that concern our company, we accompany the calendar and the measures corresponding to each one of the approved phases.

Phase 1. May 20th, authorization the start of construction work with a number of employee’s equivalent to no more than 25% of workers.

Phase 2. June 3, date on which we can incorporate up to 50% of the number of employees to construction work.

Phase 3. June 17, up to 75% of the workforce may join the activity.

Phase 4. July 1st, where it will be possible to operate with 100% of the workforce.

INDEBAY SRL following the criterion of obedience and respect to the guidelines approved by the Dominican Government and showing the commitment acquired with our clients and investors, On May 20th we have partially restarted the construction work of the HACIENDA SAMANA BAY project.

Although the situation of absolute paralysis of the activity ends, we continue to suffer an unexpected phenomenon that fits into the legal concepts of force majeure contained in the contracts, so the agreed delivery terms are understood to be extended for a period equal to the total period of stoppage plus the proportional part of the days when construction cannot be completely resumed.

However, INDEBAY SRL will do everything in its power to speed up the execution of construction works as much as possible to reduce the forced delay that has occurred with respect to the initially scheduled delivery times.

We remain at your disposal to answer any questions you consider necessary.


INDEBAY, S.R.L.
Management

INDEBAY 3RD 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.

As we have been doing up to now, we will continue to maintain the activity in the administration and commercial departments, as well as the technical team and security measures for both people and the work in progress, the facilities and materials 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, 74 days to the date.

INDEBAY SRL reiterates once again 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 that 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

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 currenteconomic 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 extendedfor 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

Official communication regarding COVID-19

INDEBAY, S.R.L. promoter and builder of the project Hacienda Samaná Bay in response to preventive measures taken by the National Presidency, the High Level Commission, the Ministry of Labour and national health authorities in relation to the movement in the country of the Crown Virus (COVID-19) and in compliance with the contingency plan prepared by the Ministry of Labour, informs the buyers of properties in said project under construction and all the general public that we have proceeded with the suspension of the construction works of the project in general as of this Thursday, March 19, 2020 and during the quarantine imposed by the Dominican government.

This measure responds to the company's interest in preserving the health of our employees.

Which will remain in effect until the Dominican government lifts the quarantine imposed; however, we will keep you informed of any other measures to be taken as a result of the emergency situation in which the country is living.

INDEBAY, S.R.L.
Management

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