Kukui`ula Realty Group LLC. Obtain a property report or its equivalent as required by Federal or State Law and read it before signing anything. No Federal or State Agency has judged the merits or value, if any, of this property. This
is not an offer or solicitation in C T, NJ, or N Y or in any state in which the legal requirements for such offering have not been met. Warning: CA Dept. of Real Estate has not inspected, examined or qualified this offering. Prices and
availability subject to change. © January, 2011. Kukui`ula Development Company (Hawai`i), LLC. All rights reserved.