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REAL ESTATE PURCHASE OPTION CONTRACT

BETWEEN THE SIGNATORIES:

SEVEN CAVES CHAIN, SA, a trading company, constituted and organized in


accordance with Panamanian Law, provided with the National Taxpayers Registry (RNC) No. 1-
30-86456-1 and the Registry Mercantil No.86345SD, with its address and seat Rómulo
Betancourt 1800, Marie Plaza Cristal, Local 103, Mirador Norte, National District, duly
represented by its Manager, Mr. RICARDO ALBERTO JACOBO CABRERA, Dominican, of
legal age, single, with the identity and electoral card No. 001-1246663-6, domiciled and resident
in the National District; and CONSORCIO MARFA SRL, a commercial company, constituted
and organized in accordance with Dominican Law, provided with the National Taxpayer
Registry (RNC) No. 1-31-42826-6and the Mercantile Registry No. 126172SD, with its address
and seat in Central Street, Jardines Fontainebleau No.1, corner Los Jardines del Norte, Plaza
Civil Center, Suite 305, in the National District, duly represented by its Manager, Mr. FAUSTO
RAFAEL DÍAZ CABRAL , Dominican, of legal age, single, provided of identity and electoral
card No.031-0379491-7, domiciled and resident in the National District, an entity that in what
follows of this act will be called THE PROMOTER-CONSTRUCTOR - SELLER,

and on the other hand MR. XXXXXXXXXXXXXXXX, Dominican, of legal age, single,
bearer of American passport No. XXXXXXXXX, domiciled and resident in
XXXXXXXXXXXX, and accidentally in the National District, Dominican Republic, who in the
future of this contract will be called THE BUYER or by their own names .

PREAMBLE:

WHEREAS: THE DEVELOPER-CONSTRUCTOR - SELLER, is the owner of the following


property:

1. One hundred ninety-eight (198) lots (Resulting Plots), whose cadastral


description appears in ANNEX A of this contract, with a general surface
extension of 111,842.45 Square Meters, parcels that will be submitted to the
Consolidation and Subdivision process.

WHEREAS: THE DEVELOPER-CONSTRUCTOR OR SELLER, SEVEN CAVES


CHAIN, SA and GRUPO MARFA, SRL., are building the housing complex called "CIUDAD
LAS NUBIAS" on the properties described above, which will include the construction of
hundred and twenty ( 1,120) apartments, for which it is required to establish a trust estate with
the real estate contributed by THE CONTRIBUTING TRUSTOR, and with the resources
destined to the development of the real estate project, such as those that are collected from those
INTERESTED IN BUYING the real estate units of the project, those of the credit, those of THE
PROMOTER TRUSTRS, among other assets and resources that are subject to the development
of the real estate project, to the making of the payments of suppliers and contractors of the
PROJECT and to the transfer of the real estate units to their buyers, once built himself.”
WHEREAS: THE DEVELOPER-CONSTRUCTOR - SELLER, declares that for the
development of this project a LOW COST REAL ESTATE TRUST with the TRUSTEE LA
NACIONAL, which will be called "CIUDAD LAS NUBIAS" and will be governed by Law
189-11 , for the purposes of managing the execution and development of the PROJECT for the
benefit of THE BUYER.

WHEREAS: THE DEVELOPER-CONSTRUCTOR or SELLER, declares that said


properties will be transferred to the "CIUDAD LAS NUBIAS" project and that they will
subsequently be subject to the legal system of the Law of Condominiums or Horizontal Property
or by Apartments, governed by Law 108-05 on Real Estate Registry that will be deposited before
the corresponding Deed Registry, for the purposes of its approval as established by law, for which
THE BUYER accepts in all its parts the Condominium and Co-ownership Regulations that will
be drafted for the Project.

WHEREAS: THE BUYER acknowledges, accepts and undertakes to comply subject to the
regulations of the CIUDAD LAS NUBIAS, including, but not limited to:

a) The Declaration of Condominiums.


b) The Condominium Statutes. Acknowledging thus that they accept the adhesion of
these obligations stipulated in the Condominium Law. In this way, THE BUYER
accepts that the Certificate of Titles corresponding to the unit that it wishes to
acquire will exist once the works of Constitution of Condominiums are approved by
the corresponding Registrar of Titles.
c) That the property or properties have been incorporated into the TRUST ASSETS,
free of charges, encumbrances, annotations and/or provisional measures. This
condition will be fulfilled once the Registry of Titles of the corresponding
Department has delivered to the TRUSTEE the Duplicate Certificate of Title in
which it appears as the owner of the property(ies), the TRUSTEE as spokesperson
for the TRUST ASSETS and the Certification of the Legal Status of the SOLAR in
which it is stated that the property is free of charges, encumbrances, annotations
and/or provisional measures.
d) That the PROJECT has a construction license or authorization to start work issued
by the Ministry of Housing and Buildings (MIVED).
e) That the project has been accredited as Low Cost housing according to the
notification made in this regard by the Ministry of Housing and Buildings (MIVED).
f) That the TRUSTEE AND the CONSTRUCTOR TRUSTOR have agreed on the
minimum percentage of OPTIONS that must be held by the REAL ESTATE UNITS
to determine the balance point of the PROJECT, in accordance with the resources
derived from said sales and the resources and assets provided by the TRUSTOR.
WHEREAS: THE BUYER, by means of this act, expresses its interest to THE DEVELOPER-
CONSTRUCTOR-SELLER to acquire Housing Units of those built in the Project called:
CIUDAD LAS NUBIAS PROJECT, also indicating that they are not inhibited, because they
have the power and full capacity to buy for the price and conditions established in this operation.

WHEREAS: THE DEVELOPER-CONSTRUCTOR-SELLER, declares that the


properties object of this operation, are free of charges and encumbrances.

WHEREAS: THE BUYER declares to be aware that the properties in question will be built in a
future period, the beginning of which will be computed from the receipt of the license or
construction permit.

THEREFORE, in the formal understanding that the foregoing preamble is an integral part of
this contract, THE DEVELOPER-BUILDER-SELLER, and THE BUYER, have agreed and
agreed to what is stated below and by virtue of this they undertake to execute the following :

REAL ESTATE PURCHASE OPTION CONTRACT

ARTICLE FIRST (1): COMMITMENT TO PURCHASE.


CONSENT. The contracting parties declare and guarantee that they have no impediment in fact
or in law, to sign, agree and execute this contract and the respective obligations assumed in it.
Likewise, they declare and guarantee that their representatives and/or proxies who sign this act
on their behalf and on their behalf, are authorized and have the statutory or legal powers to sign
this contract, for which THE DEVELOPER-CONSTRUCTOR-SELLER, by By means of this
act, it is obliged to sell to THE BUYER, who accepts and is obliged to buy, under the terms and
conditions expressed in this document, the Apartment that appears described below to be built
within the property owned by THE OWNER, with all its improved dependencies and annexes,
in the CIUDAD LAS NUBIAS project, subject to the conditions that are stipulated later in this
same contract.

APARTMENT XXXXXX

APARTMENT No. XXXXXXXX, With an approximate construction area of


XXXXXXXXX square meters (65.00m2), distributed as follows, located on the fourth floor,
of block B of the CIUDAD LAS NUBIAS project, which consists of: Living room, Dining
room , Kitchen, Two (2) bedrooms with bathroom and closet, one (1) parking, imported
porcelain tile on floors and wet area in bathrooms, sliding windows, aluminum and glass,
balcony with glass and aluminum, modular kitchen, plaster ceiling, accesses for installation
of air conditioners in rooms Does not include heater, or divisions in bathrooms, or divisions
in interior closets.
SECOND ARTICLE (2): THE PARTIES acknowledge that the property described above, will
correspond to the Cadastral Description resulting from the Consolidation will be submitted
One Hundred Ninety-Eight (198) lots (Resulting Parcels) , which are detailed in ANNEX A
of this contract, whose relationship and description will be signed by THE PARTIES and that at
the end of the Consolidation process will result in the amount of real estate required to develop
the project with a surface area of 111,842.45 Square Meters, which will be transferred in the
name of the TRUST that will manage the CIUDAD LAS NUBIAS PROJECT.

PARAGRAPH: It is understood and agreed between the parties the fact that the internal
measurements of the property are subject to variations of the construction process, being able to
alter the footage for or against, depending on its location within the scope of the project and the
width or thickness resulting from the columns and walls; that will be shared proportionally
within the adjoining properties; and after distributing them within the particular and total footage
of each property. THE DEVELOPER-BUILDER-SELLER, reserves the right to modify
without prior notice and unilaterally the plant, facade and designated area of the Condominium
and its real estate for everything that according to its criteria tends to improve the project.

THIRD ARTICLE (3): THE DEVELOPER-CONSTRUCTOR-SELLER,


justifies its ownership right over the aforementioned property through the Certificates of Titles
that will result from the Refunding process of One Hundred Ninety-Eight (198) lots that make
up the area where the property will be builtProject CIUDAD LAS NUBIAS whose list of Plots
and registration numbers are detailed in Annex A of this contract.

FOURTH ARTICLE (4): These properties will be governed within the Condominium Regime
as detailed in the Preamble of this act, constituting the acceptance of this article and its
paragraphs, an essential condition for the validity of this act, all in accordance with the
provisions of the draft Regulations. and Declaration of the Condominium of the CIUDAD LAS
NUBIAS”, Regulations and Declaration that will be approved by the corresponding Title
Registry at the request and steps of THE DEVELOPER-CONSTRUCTOR-SELLER.

FIFTH ARTICLE (5): It is understood between THE PARTIES that with the signing of this
act THE BUYER assumes all responsibilities, obligations and expenses that for maintenance of
the aforementioned Condominium are generated or proportionally attributable to the real estate
object of this contract, from the very moment of the balance of the unit, regardless of whether or
not it occupies the property.
PARAGRAPH I: It is understood between THE PARTIES that THE DEVELOPER-
BUILDER-SELLER, reserves the Right to Manage the Condominium, common areas and
recreation areas for a period of Five (5) years.

SIXTH ARTICLE (6): THE DEVELOPER-CONSTRUCTOR-SELLER, acknowledges


that while this contract is in force, it may not dispose of the units object of the same in its favor
or that of another person, except in the case of non-payment as established in the present act.

SEVENTH ARTICLE (7): PRICE OF SALE OF THE APARTMENTS AND METHOD


OF PAYMENT. - The sale price of Apartment No. , agreed and agreed between the
parties for the sale of the Housing Unit object of this contract has been set at the sum of
XXXXXXXXXXXX AMERICAN DOLLARS WITH 00/100 (US$00,000.00), acknowledging
THE PROMISING BUYER , that this amount may vary due to increases in items related to
construction, detailed later in this contract, an amount that will be paid by THE PROMISING
BUYER to THE SELLER in the following manner:

A. The sum of XXXXXXXXXXXX AMERICAN DOLLARS WITH 00/100


(US$XXXXXXX) that has been paid by THE PROMISING BUYER prior to the
signing of this contract, for which THE SELLER grants a formal receipt and
discharge by the specified party;

B. The sum of XXXXXXXXX AMERICAN DOLLARS WITH 00/100


(US$XXXXXXXX) to be paid by THE PROMISING BUYER, equally, in monthly
payments, all before XXXXXXXXXXXXXXXXX

INSTAL DATE PAYME


LMENT NT
Separatio
n
1 May 30-2022
2 June 30-2022
3 30 -July-2022
4 30-August-2022
5 30-September-2022
6 30-October-2022
7 30-November-2022
8 30-December-2022
9 30-January-2023
10 29-February-2023
11 30-March -2023
12 30-April-2023
13 30-May-2023
14 30-June-2023
15 30-July-2023
16 30-August-
2023
TOTAL

C. A final payment of XXXXXXXXXXXXX AMERICAN DOLLARS WITH 00/100


(US$XXXXXXXX) that must be paid by THE PROMISING BUYER no later than
October 30, 2023.

PARAGRAPH I: THE PROMISING BUYER, acknowledges, approves and signs the


PAYMENT PLAN that it has assumed.

PARAGRAPH II: THE PROMISING BUYERundertakes and undertakes to cover the


payment of its obligations in accordance with the aforementioned scheme, by means of a deposit
in the Bank Account:

BANCO RESERVAS
NO. ACCOUNT: 9604639212 SAVINGS
ACCOUNT IN DOLLARS RNC: 132-
421401.
BENEFICIARY: GARDIZ SOLUTIONS.

PARAGRAPH III: THE PROMISING BUYER accepts and acknowledges that in the event
that it fails to comply with the payment obligation established in ARTICLE SEVENTH (7),
THE SELLER shall retain the equivalent of Five Percent (5%) of the value of the monthly
payment as PENALTY -MORA payment, mainly deducting this, prior to the payment of
capital.

PARAGRAPH IV: In order to faithfully comply with the payment of the sum consigned as the
balance of the selected unit, THE PROMISING BUYER acknowledges that, if it opts for
financing, it undertakes and is obliged to start the process three (3) months in advance of the
date set for the balance, also committing to have the requested financing approved no later than
the day indicated for the balance.

PARAGRAPH V: THE PROMISING BUYER undertakes and undertakes to pay the sum
consigned as the last payment on the indicated date, on the formal understanding that the lack of
compliance with the aforementioned payment will make this contract enforceable in accordance
with the provisions of the CLAUSES relativeto the payment commitment.

PARAGRAPH VI: THE PROMISSORY BUYER, by means of this act undertakes and is
obliged to sign its Sale-Loan Contract (Four-Party-Mortgage) within a period of twenty-four (24)
to forty-eight (48) hours after notification by part of the bank indicating that your contract is
ready for signature. In the formal understanding that if THE PROMISING BUYER does not
appear within the established period, it must cover the bank interest generated by that unit,
computed with the average rate of Three (3)
financial institutions selected by THE DEVELOPER-CONSTRUCTOR-SELLER, from from
that date and until the signing of the indicated contract.

ARTICLE EIGHTH (8th.): THE PROMISING BUYER declares and acknowledges that
THE DEVELOPER-BUILDER-SELLER, will deliver the apartments object of this option
with their social areas and their environment duly furnished and equipped, for which by means of
this act commit and oblige to pay at the signing of this contract the sum of TWO THOUSAND
FIVE HUNDRED AMERICAN DOLLARS WITH 00/100 (US$2,500.00), approximately, for
each housing unit acquired, (NON-REFUNDABLE SUM), for initiation fees. in the
understanding that those areas and goods pass to the common property regime. The indicated
amount must be paid in the hands of THE DEVELOPER-CONSTRUCTOR-SELLER,
seventy-two (72) hours before the moment of signing the Definitive or Quadripartite Sale
Contract.

NINTH ARTICLE (9): THE PROMISING BUYER declares and acknowledges that the
apartment object of this option will be equipped with an electric gate and gas meter installation,
for which he acknowledges and undertakes to pay the sum of FIVE HUNDRED AMERICAN
DOLLARS WITH 00/100 (US$500.00), approximately, non-refundable to cover the cost of the
items mentioned, on the understanding that the amount indicated must be paid by THE
DEVELOPER-BUILDER-SELLER, seventy-two (72) hours before the time of signing the
Sales Contract Definitive or Quadripartite. These values must be deposited solely and
exclusively in the account of Grupo Marfa, SRL.

TENTH ARTICLE (10): THE PROMISING BUYER, by means of this act acknowledges and
agrees to pay the sum of (US$2.00 to US$2.50) monthly, approximately, as a provisional fee to
cover the maintenance of the Residential, at the very moment of receiving the unit purchased or
24-48 hours after its balance, payable to the company THE DEVELOPER-CONSTRUCTOR-
SELLER. The final maintenance fee will be set by the Residential Owners' Assembly when
holding its First Assembly, once the provisional administration has been handed over by THE
DEVELOPER-BUILDER-SELLER.

ARTICLE ELEVEN (11): ANTI-MONEY LAUNDERING CLAUSE: THE


PROMISSORY BUYER agrees to acknowledge that the funds used to pay for the Real Estate
unit that is the object of this promise of sale contract, are from sources of lawful commerce, and
in no way commit to THE PROMISING SELLER or to THE DEVELOPER -
CONSTRUCTION COMPANY with money laundering activities and/or related illicit
activities, by way of being subject to civil and criminal lawsuit and that its origin or use in no
way violates the laws against money laundering or on financial or tax crimes of the Dominican
Republic, nor of any other sovereign or federated State, nor international or community instance,
especially Law No. 155-17 against Money Laundering and Financing of Terrorism of the
Dominican Republic of May 31, 2017 and its Regulations, as well as
any other national or international law, regulation, rule or ordinance that directly or indirectly
incriminates the crime or crime of money laundering in any form or modality. In addition, THE
PROMISING BUYER acknowledges that THE DEVELOPER -

CONSTRUCTOR - SELLER may request and it will be an obligation of THE PROMISING


BUYER provide all reliable proof that is necessary to confirm the lawful origin of the funds used
for the acquisition of the real estate unit in compliance with the provisions of Law No. 155-17
against Money Laundering and Financing of Terrorism of May 31, 2017, resulting in the
exclusive power of THE DEVELOPER - CONSTRUCTOR - SELLER to refrain from
receiving securities and from carrying out the sale of the real estate unit when it does not have
sufficient information regarding the origin of the funds or there is a reasonable doubt, as well as
for the sole suspicion that it is involved or lends itself to criminal activities or money laundering;
or that THE PROMISING BUYER in any list, publication or report, whether as a result of an
error or not, between natural or legal persons who are suspected or related to money laundering,
influence peddling, fraud or any other illicit act. Consequently, said situation will constitute a
cause for termination of this agreement, without any liability for THE DEVELOPER
- CONSTRUCTOR - SELLER or the TRUSTEE LA NACIONAL, the latter
in its capacity as Trustee and GRUPO MARFA, SRL., and SEVEN CAVE CHAIN, SRL.

PARAGRAPH: THE DEVELOPER - CONSTRUCTOR - SELLER undertakes to


obtain the necessary documents to carry out the due diligence of THE PROMISING BUYER,
by virtue of the provisions of Law No. 155-17 against Money Laundering and Financing of
Terrorism of the May 31, 2017, their respective regulations and instructions and the established
internal policies and procedures. THE DEVELOPER - CONSTRUCTOR - SELLER is
responsible for verifying the veracity of the documentation and information obtained from THE
PROMISING BUYER.

TWELFTH ARTICLE (12): PRICE INCREASE: READJUSTMENT OF THE SALE


PRICE DUE TO INCREASED CONSTRUCTION COSTS.
THE PROMISING BUYER declares to know, understand and accept that the purchase price of
the property established in this contract is based on the costs of all materials, services, labor and
indirect expenses involved in the construction at the time of signing this contract. , calculated
from the moment the reservation is made on date XXXXXXXXXXXXXXXXXXXX and that in
the event that the Dominican economy experiences changes that produce an increase in the price
of inputs, aggregates for construction, service labor and other construction costs, adjustments in
the agreed sale price of the property and that the increase resulting from these adjustments will
be assumed solely and exclusively by THE PROMISING BUYER.

a) THE PARTIES declare to know and accept that these adjustments will be made based on
the increases reflected in the Index of Direct Costs of Housing Construction (ICDV) for
multi-family housing of four levels or more published by the National
Statistics Office (ONE) and the Dominican Association of Home Builders and Promoters
(ACOPROVI).

b) THE PROMISING BUYER declares to recognize and accept that the Index of Direct
Costs of Housing Construction (ICDV) for multi-family housing of four levels or more that
will be used as the basis for the readjustment of prices (if necessary) will be the one
corresponding to the month prior to the payment date of the property reservation, which
hereinafter will be called the ICDV of the property reservation payment date, and in the
event that it is not available, the latest Direct Cost Index will be used. of Housing
Construction (ICDV) that has been published.

c) THE TRUSTEE AND THE DEVELOPER - CONSTRUCTOR - SELLER will apply


the readjustment amount to the total value of the property.

d) THE PROMISING BUYER declares, acknowledges and accepts that to calculate the
price readjustment, the total value of the sale will be taken, which will be divided by the
IDCV of the reservation payment date of the property and the resulting amount will be
multiplied by the IDCV of the month in which the readjustment of the sale price is made,
and that in the event that the IDCV of that month is not available, the IDCV of the
previous month or the last one that has been published will be used.

e) MINIMUM SALARY: THE PROMISING BUYER accepts that the sum pending
payment for the purchase of the Functional Unit corresponds to labor, therefore, in the
event of an increase, the minimum salary will be increased in the same proportion of the
debt that maintain THE PROMISING BUYER on the date on which said increase in the
minimum wage occurred.

f) The ITBIS: THE PROMISING BUYER accepts and acknowledges that in the event that
the Tax on the Transfer to Industrialized Goods (ITBIS), were increased, in relation to the
current level, which is 18% (Eighteen percent), or this will pass to tax assets that were not
included as of today, the unpaid balance of the purchase of the Functional Unit would be
increased in the same proportion as this increase.

PARAGRAPH V: THE DEVELOPER-CONSTRUCTOR-SELLER shall notify and collect


, if applicable, such increases on or at the latest at the end of the following month.

PARAGRAPH VI: THE DEVELOPER-CONSTRUCTOR-SELLER will notify and apply


the increases both in the monthly installments and in the final balance, which will be presented in
the client's account statement, the receipt that is issued will contain the detail of the amount that
was to the variation due to increase and the amount applied to the installment according to the
payment plan presented and approved by THE PROMISING BUYER.

THIRTEENTH ARTICLE (13): THE PROMISING BUYER will accept that the
value of the appraisal of the property or any other body or institution, will not necessarily have to
coincide with the sale price agreed in this contract.
FOURTEENTH ARTICLE (14): If THE PROMISING BUYER desists from
making the purchase of the property described in this act, he must indemnify THE
DEVELOPER-CONSTRUCTOR-SELLER with a sum equal to TWENTY PERCENT
(20%) of the total amount of the purchase price. sale agreed in this contract, this agreement will
be considered retroactively terminated as of right without liability for either party and will
proceed to return the remaining amount to THE PROMISING BUYER no later than ten
(10) days after THE DEVELOPER-CONSTRUCTOR-SELLER has sold again the apartment
object of this contract.
FIFTEENTH ARTICLE (15): DATE STIPULATED FOR DELIVERY. THE
DEVELOPER-CONSTRUCTOR-SELLER will notify THE PROMISING
BUYER at least thirty (30) days in advance of the date on which the property will be available,
for which THE DEVELOPER-CONSTRUCTOR-SELLER will make its best efforts to
establish the delivery in the term of (18) eighteen months for the project, in the formal
understanding that said terms will be computed from the date of approval and issuance of the
Construction License issued by the Ministry of Housing and Buildings (MIDE).

PARAGRAPH: THE DEVELOPER-CONSTRUCTOR-SELLER, will notify the


BUYER of the availability of the Construction License, duly approved by the Ministry of
Housing (MIDE), in order to start the computation of the period of (18) eighteen monthsfor the
delivery of the property.

SIXTEENTH ARTICLE (16): The parties accept and acknowledge that this contract does not
constitute any obligation for THE DEVELOPER-CONSTRUCTOR-SELLER to carry out
THE PROJECT and is carried out under the suspensive condition that it be carried out until its
completion. In the event that THE DEVELOPER-CONSTRUCTOR-SELLER decides, for
any reason that it understands affects the viability of THE PROJECT at its sole discretion, not
to build or carry out THE PROJECT, it shall notify THE PROMISING BUYER , in which
case, this agreement shall be deemed retroactively terminated as of right without liability to
either party. THE DEVELOPER-BUILDER-SELLER, will reimburse THE PROMISING
BUYER, any sum paid on account of the sale within sixty (60) days of the aforementioned
notification.

SEVENTEENTH ARTICLE (17): FORCE MAJEURE. In the event of any fortuitous event
or force majeure, including lack of demonstrable construction materials, natural disasters,
prolonged rains, political and social changes or disturbances, strikes, riots, situations of stoppage
of activities as a result of the pre- and post-election periods political or causes related to the land,
pandemics, humanitarian cris, wars, international political conflicts, logistical problems of
materials, both regional, local and international, without this indication being limiting and
producing the breach of any of the obligations put in charge of THE DEVELOPER-
CONSTRUCTOR,
SELLER particularly the date of delivery of the property, will release it from any type of fine or
claim in accordance with the provisions that the Dominican Civil Code establishes for this
purpose.

PARAGRAPH I: It is understood between the parties that this period is extended as long as
necessary for the completion of the project.

ARTICLE EIGHTEENTH (18): USE AND DESTINATION OF THE APARTMENT AND


THE
COMMON AREAS. It is expressly agreed between THE PARTIES that the Apartments will
be used exclusively for residence as a family home and housing rental will be allowed.
Consequently, THE PROMISING BUYER may not install or establish in it any type of
commercial exploitation, including, but not limited to offices, bars, restaurants, dance halls,
sexual service centers and brothels, and in short, any type of business that governs with the rules
of public order, etc. Likewise, THE PROMISING BUYER undertakes to use the common areas
according to their destination, nature and use, with all moderation and prudence, limiting the use
of nudists and/or sexual relations in the common areas, trying to keep them in the best possible
shape. possible, and respecting the social environment for which these areas are intended, in a
way that does not impede, restrict or hinder the legitimate rights of other owners, occupants,
tenants or visitors.

ARTICLE NINETEEN (19) THE PROMISING BUYER, acknowledges that he


must not make any changes that affect the facade of the Residential, any movement of walls,
walls since the structure is monolithic and does not allow any type of change, at the same time
they accept that only will use the design of irons and awnings with specifications in diameter,
size, color and design delivered by THE SELLER and that will abide by the Rules of
Coexistence which will be established in the first Homeowners Assembly held in said
residential, they promote the correct use of the facilities, maintenance and rules of coexistence in
the social areas, such as sound regulation, hours of installation work and repairs in the
apartments, moving hours etc.

PARAGRAPH II: THE PROMISING BUYER acknowledges that it must not make any
changes, demolition of internal or external walls that affect the structural safety of the housing
unit it occupies in the Residential.

ARTICLE TWENTIETH (20): THE PROMISING BUYER acknowledges and accepts that
the purchase of the Apartment entails and implies its compliance with Law 5038 of 1958, which
establishes a system for property by flats or apartments, modified by the Real Estate Registry
Law No. 108 -05 of March 23, 2005, its Regulations and Resolutions, the Regulations of the Co-
Ownership and Condominium Administration Statute, and the resolutions or agreements of the
General Assemblies of the Consortium of Owners and the Board of Directors as which will be
established in the same Regulation. En tal virtud, EL PROMITENTE COMPRADOR se
obligan a someterse a las disposiciones de la referida Ley 5038 del 1958, al Reglamento y
Declaración de Condominio, así como a las resoluciones o acuerdos de las Asambleas Generales
del Consorcio de Propietarios y de la Junta Directi
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TWENTY-FIRST ARTICLE (21): The parties acknowledge that to facilitate the construction
operations of the property object of this contract and as a protection measure, for purchasers who
visit the aforementioned property, THE PROMISING BUYER must request written
authorization from THE DEVELOPER-CONSTRUCTOR-SELLER to coordinate day and
time in the same way and manner that does not interfere with the activities within the project.

ARTICLE TWENTY-SECOND (22): USE, ENJOYMENT AND GUARANTEE OF THE


PROPERTY. It is expressly agreed and agreed between THE PARTIES that THE SELLER
retains ownership of the property until THE PROMISING BUYER makes the full payment of
the sale price agreed and modified by reason of the revaluations. THE PROMISING BUYER
from the moment in which THE delivers the property, assumes all the risks that may arise from
the possession, use and enjoyment of the same, as well as the charges.

PARAGRAPH I: THE SELLER issues a guarantee of One (01) year from the moment the
property is settled, or the definitive or quadripartite contract is signed, on the understanding that
the aforementioned guarantee adheres to the provisions of the Civil Code Dominican.

ARTICLE TWENTY-THREE (23): THE PROMISSORY BUYER acknowledges that


the provisions of this contract will remain in force notwithstanding the signing of the definitive
sales contract that will be signed with the financial entity chosen up to the final balance of the
unit sold.

ARTICLE TWENTY-FOUR (24): THE SELLER guarantees that the property object of this
operation has been built according to the plans that may have variants before the final delivery of
the project, always adhering to the current specifications and construction laws and accept to the
guarantee for hidden defects, for a period of One (1) year, computed from the date of signing the
quadripartite contract, corresponding to the balance of the unit in accordance with the provisions
of this line by the Dominican Civil Code.

PARAGRAPH I: Likewise, it is understood that THE DEVELOPER-BUILDER-SELLER


will not extend its guarantees in the following cases:

A) In case of installation of iron in windows and doors which may generate future leaks,
paint deterioration, cracks in the bandana
B) In the case of the apartments located on the top floor and when they have the right to the
area of use of the roof established in their property registration, they will lose the
guarantee of impermeability of the roofs as soon as they are intervened with
constructions or modifications for their future use.
C) Breakers Box: In case of alterations caused by any electricity generation or control
device attached to the electrical installation with which the property was delivered.

D) In case of leaks generated in the showers or bathroom floors due to having been
intervened by the installation of screens, curtains or any other accessory placed on the
walls and floors and have had penetration due to a crack, they will not be covered by
THE SELLER.
E) The company is not responsible for gas leaks caused by poor installation of stoves and
heaters.
F) Or any other situation caused by physical modifications of the aforementioned property
that is the object of this contract.

ARTICLE TWENTY-FIVE (25): THE DEVELOPER-CONSTRUCTOR-


SELLER declares that it will be solely responsible for the timely and correct completion of the
property. THE CONSTRUCTION COMPANY will not accept changes of any kind in the units
sold since it understands that its design and quality of materials is what represents its brand.

TWENTY-SIXTH ARTICLE (26)): In the event that THE PROMISING BUYER


does not satisfy the obligations to which this contract is contracted, and after THE
DEVELOPER-CONSTRUCTOR-SELLER exhausts the procedures within its reach that it
deems pertinent in order If you obtain compliance with them and they are unsuccessful, this
contract will be automatically and fully terminated, and without any judicial intervention, in the
ten (10) days following the last request of THE DEVELOPER-CONSTRUCTOR-SELLER
in this case THE DEVELOPER
-CONSTRUCTOR-SELLER shall proceed to apply the procedure established in Articles
SEVENTH and FOURTEENTH of this contract, THE BUYER for Return of Values and
Repair of Damages THE DEVELOPER-CONSTRUCTOR-SELLER.

ARTICLE TWENTY-SEVENTH (27): MODIFICATIONS. THE PROMISING


BUYER hereby grants THE DEVELOPER-CONSTRUCTOR-SELLER, full power until the
day of final delivery of the property, to make all necessary modifications to the properties, in
order to optimize at all times and circumstance the quality, structure, design and functionality of
the project as a whole.

TWENTY-EIGHTH ARTICLE (28): EXECUTION OF FINAL CONTRACT. THE


PARTIES will sign a definitive contract for the sale of the property once the payment obligation
has been satisfactorily verified, including the causes of the increases due to revaluations by THE
PROMISING BUYER, and it is only at this time that the delivery will proceed. of the keys with
the discharge receipt of the balance owed in the name of the TRUST.
ARTICLE TWENTY NINTH (29): TAXES, COSTS AND LEGAL EXPENSES.
From the signing of this document, the PROMISING BUYER all taxes, excise duties and fees
of any kind that are levied or may be levied in the future on the property of the Apartment,
including, but not limited to, the Real Estate Property Tax or tax on assets, as the case may be.
Likewise, THE PROMISING BUYER the taxes and stamps related to the registration of the
transfer of the property right in its favor and any other contribution related to the ownership of
the Apartment. Each party will cover at their own expense the costs and fees of their respective
lawyers that they incur as a result of this operation, as well as the taxes and withholdings that the
law puts at their expense.

It is understood between the parties that THE PROMISING BUYER will cover all expenses
and fees that may arise from the execution of processes motivated by the breach of any of the
clauses of this contract.

ARTICLE THIRTY (30): These Purchase and Sale Option Contracts represent the total
understanding between the parties in relation to the object of the same, and replaces any and all
previous contract or arrangement between the Parties in relation to the object of the same. The
parties expressly agree and acknowledge that these Real Estate Purchase Option Contracts,
including their annexes, if any, contain all the terms agreed upon by them, and that they assume
said terms and conditions without any reservation or suspensive or resolutive condition.

ARTICLE THIRTY-FIRST (31): OF THE DELIVERY, THE DEVELOPER


-CONSTRUCTOR-SELLER establishes that it guarantees the use of the real estate in favor of
THE BUYER which will be delivered for its peaceful possession, free of charges and
encumbrances, litigation, rights of third parties , no fiscal liability for the purposes of a healthy
enjoyment of it.

ARTICLE THIRTY-SECOND (32): INDEPENDENCE OF EACH CLAUSE


OF THE CONTRACT. It is understood between THE PARTIES that each clause of this act is
considered independent of the others in the sense that the nullity or invalidity of a provision in
whole or in part will not affect absolutely the validity, effect and execution of the other
provisions of the act. The clauses are null or invalid will be considered as not written.

ARTICLE THIRTY-THREE (33): CREDIT INFORMATION. THE


PROMISING BUYER, acknowledges and accepts that for the purpose of evaluating and
monitoring his credit by the Credit Information Societies (SIC), he consents
a) to: AUTHORIZE THE DEVELOPER-CONSTRUCTOR-SELLER or BANK to
obtain and supply the SIC with his credit information.

b) ACCEPT that the relationship of said credit information does not violate
professional secrecy for the purposes of article 377 of the Penal Code or bank
secrecy provided for in paragraph b of article 56 of Monetary and Financial Law
No.183-02 dated November 21 , 2002.
c) AUTHORIZE THE DEVELOPER-CONSTRUCTOR-SELLER or the Bank that
finances the Project to share their personal and/or credit information to the central
and corporate areas, in strict commercial interest.

ARTICLE THIRTY-FOUR (34): APPLICABLE LAW AND


COMPETENT JURISDICTION. This contract will be governed and interpreted in accordance
with the laws of the Dominican Republic, and that in the event of difficulties arising in its
interpretation or execution, they will be the jurisdiction of the competent ordinary courts of the
Dominican Republic.

ARTICLE THIRTY- FIVE (35): ADVERTISING. THE PROMISING


BUYER, acknowledges that the articles, completion details and description of the project in
general, are those described in this contract, any publicity constitutes a visual recreation of the
project. The images are referential, they are not an exact representation of the final construction,
they may vary according to the availability that exists in the market, both for equipment,
materials and wishes.

ARTICLE THIRTY-SIX (36): BUYER PROMISINGundertakes


to process the Customer Service Department, via email: serviciosalcliente@grupomarfa.com,
Any request must be made exclusively by the owner of the unit.

ARTICLE THIRTY-SEVENTH (37): THE PROMISING BUYERacknowledges


that the property object of this contract, due to its price, qualifies for the benefit of the allocation
of a HOUSING BONUS under rule 01-2015, modified by general rule 02- 2016 of the General
Directorate of Internal Taxes, to which they will have the right of access provided they meet the
requirements demanded by this General Directorate of Internal Taxes (DGII) mainly:

1.- That this property is their first home


2.- That the HOUSING BONUS is requested within a period of Sixty (60) days, computed from
the signing of the Definitive Sales Contract. THE PROMISING BUYER undertakes and
undertakes to grant all documentation required for the qualification and granting of the
HOUSING BONUS on the understanding that it has a period of Sixty (60) days, for the
management and delivery of the requested documentation.
ARTICLE THIRTY-EIGHTH (38): CHOICE OF ADDRESS. For all
purposes and legal consequences of this contract, THE PARTIES choose domicile at their
respective addresses indicated at the beginning of this contract. THE PROMISING
BUYERalso chooses domicile in the Apartment.

● Email:

● Contact Phone and WhatsApp:

● Address:

These documents will be valid for notifications.

ARTICLE THIRTY-EIGHTH (39). COMMON LAW. - For everything not


expressly agreed in this contract, THE PARTIES refer to the Common Law that will govern
their relations on a supplementary basis.

DONE AND SIGNED in Three (3) originals of the same tenor and effect, one for each of the
contracting parties, in the National District, Dominican Republic, on the XXXX (XX) day of the
month of XXX of the year two thousand and twenty-two ( 2022).

BY: THE CONSTRUCTOR-DEVELOPER-SELLER:

RICARDO ALBERTO JACOBO CABRERA


Manager
SEVEN CAVES CHAIN, SA

FAUSTO RAFAEL DÍAZ CABRAL


Manager
CONSORCIO MARFA SRL

XXXXXXXXXXXXXXXXXXXXXX
THE BUYER:

I, , Lawyer Notary Public of the National


District Number, Registration No. , CERTIFY AND I CERTIFY: That the
signatures that precede this act were freely and voluntarily placed by the parties, RICARDO
ALBERTO JACOBO CABRERA, FAUSTO RAFAEL DÍAZ CABRAL AND
XXXXXXXXXXXXX in their respective capacities, who have told me, under oath, that those
are the same signatures that they use both in the acts of their public and private lives.
In the National District, Dominican Republic, on the XXXXX (XX) day of the month of
XXXXXX of the year two thousand twenty-two (2022).

NOTARY PUBLIC ATTORNEY

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