MAUNA LANI RESORT ASSOCIATION DBA MAUNA LANI BAY HOTEL

THE MAUNA LANI RESORT ASSOCAITON(THE "MLRA- OR THE "ASSOCIATION") IS A HAWAII NON-PROFIT CORPORATION, ESTABLISHED ON JULY 7, 1982 TO EXCERCISE THE POWERS AND PRIVILEGES AND PERFORM ALL OF THE DUTIES AND OBLIGATIONS OF THE ASSOCIATION AS SET FORTH IN MLRA'S DECLARATION OF COVENANTS AND RESTRICTIONS (THE "DC&R"). THE PURPOSE OF THE MLRA DC&R "...IS TO CREATE AND KEEP THE COMMUNITY DESIRABLE, ATTRACTIVE, BENEFICIAL AND SUITABLE IN ARCHITECTURAL DESIGN, MATERIALS, AND APPEARANCE; AND TO ENHANCE THE NATURAL BEAUTY AND PROTECTION OF OWNERS WITHIN THE COMMUNITY AREA'.