NOTICE OF LIQUIDATION AND WINDING DOWN OF BUSINESS

  On December 22, 2022, the Office of the Commissioner of Financial Institutions of Puerto Rico (“OCFI”), Blue Ocean International Bank LLC (“Blue Ocean”), and its members, Blue Ocean International Holding LLC and IRC Holding Limited, entered into an Agreement and Plan of Voluntary Liquidation and Dissolution of Blue Ocean International Bank LLC (the “Plan”) with an effective date of January 9th, 2023, as amended. Such Plan, provides and establishes, among other things, an orderly process to wind down Blue Ocean’s business and affairs. In addition, the Plan appoints Driven P.S.C., as Administrator, to assist Blue Ocean in the liquidation process and the orderly payment and discharge of any and all of Blue Ocean’s liabilities and obligations. The Plan has been approved by Blue Ocean’s Board of Directors and its Members and has received no objection from OCFI.

October 25, 2023

Pursuant to Act No. 36-1989, known as the Abandoned or Unclaimed Money and Other Liquid Assets Act (“Act 36”), Blue Ocean International Bank LLC (“Blue Ocean”) is required to transfer to the Puerto Rico Office of the Commissioner of Financial Institutions (the “OCFI”) assets held in accounts that have been inactive and reflect no activity during the last five (5) years. If you believe Blue Oceans is in possession of certain cash or other liquid assets belonging to you or you hold an account at Blue Ocean and have not drawn or deposited any assets in said account during the last five (5) years (an “Inactive Account”), we ask that you contact Blue Ocean at the address provided below to reclaim or acknowledge ownership of the assets and/or to inquire the status of said assets (including the amounts of cash and/or other liquid assets that may be registered in your name).

Blue Ocean International Bank

B7 Tabonuco Street

T-Mobile Center Suite 302

Guaynabo, PR 00968

787-523-6378

clientservices@blueocean.com.pr

boibadministrator@drivenadvisors.com

You must reclaim or acknowledge ownership of the assets registered in your name or held in your Inactive Account at Blue Ocean by November 30, 2023. If Blue Ocean does not receive your claim or acknowledgement by then, on December 10, 2023, all assets held registered in your name or held in an Inactive Account will be handed over to OCFI. From that date on, Blue Ocean will not be liable to you for the assets that have been transferred to OCFI. However, please note that you may still reclaim your assets after November 30, 2023, by filing a claim with OCFI after said date.