Walter Luciano Stipa - Bazarian International - Lawsuit dismissed

BAZARIAN INTERNATIONAL

FINANCIAL ASSOCIATES, LLC

July 31,2019




Re:    Bazarian International Financial Associates, LLC v. Desarrollos Aerohotelco, C.A., et at., U. S. D. C., District of Columbia, ('ase No. J: 13-cv-01981 -BA H.

To Whom it May Concern:

           On February 10, 2015, Bazarian International Financial Associates, LLC ("BI") filed a First Amended Complaint ("Complaint") in the U.S. District Court for the District of Columbia in the case styled Bazarian International Financial Associates, LLC v. Desarrollos Aerohotelco, C.A., et al., Case No. 1:13-cv-01981 ("Action") in connection with a dispute that arose from a February 5, 2007 agreement entered into by BI and Desarrollos Aerohotelco, C.A., a Venezuelan corporation ("Agreement"). BI's Complaint named various Defendants, including Walter Luciano Stipa Sprecase ("Stipa"). Mr. Stipa, individually, was not a party to the Agreement.

           Mr. Stipa denied the allegations made against him by BI in the Action. Subsequently, on or about May 1, 2017, BI voluntarily dismissed its claims against Mr. Stipa in the Action, with neither BI nor Mr. Stipa being deemed a prevailing party under any law, contract or statute or for any purpose as regarded BI's claims against Mr. Stipa. Consequently, BI has no claims against Mr. Stipa in connection with the Action or Agreement to which Mr. Stipa, individually, was not a party.

                                                                                     Sincerely,

                                                                                     BAZARIAN INTERNATIONAL FINANCIAL

                                                                                     ASSOCIATES, LLC, a Florida limited liability

                                                                                     company.

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