3_Preliminary Report revised_06.23.2021

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REVISED 6-23-2021 report date unchanged

PRELIMINARY REPORT

(No Liability Hereunder) This report (and any revisions thereto) is issued solely for the convenience of the titleholder, the titleholder's agent, counsel, purchaser or mortgagee, or the person ordering it for the purpose of facilitating the issuance of a policy of title insurance by Title Guaranty of Hawaii, LLC and no liability will arise under this report. --------------------------------------------

SCHEDULE A Title Guaranty of Hawaii, LLC (the "Company") hereby reports that, subject to those matters set forth in Schedule "B" hereof, the title to the estate or interest to the land described in Schedule "C" hereof is vested in:

TOWER KAUAI LAGOONS 9B, LLC, a Delaware limited liability company, and TOWER KAUAI LAGOONS SUB 7, LLC, a Delaware limited liability company, as Fee Owner

This report is dated as of June 9, 2021 at 8:00 a.m.

Inquiries concerning this report should be directed to: Title Officer - Katy Murata; Office: (808) 533-5853 Email: kmurata@tghawaii.com Please reference Title Order No. 202128720.

202128720

© Title Guaranty of Hawaii, LLC 235 QUEEN ST., HONOLULU, HAWAII 96813, PH: (808) 533-6261

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