Disclaimer

Wailea Beach Resort & Residences ("Project") is a proposed project that does not yet exist. All figures, facts, information and prices are approximate and subject to change at any time. All renderings, maps, site plans, photos, simulated views, floor plans, graphic images, drawings and all other information depicted in this brochure are illustrative only, and are provided to assist the purchaser in visualizing the units and the Project and may not be accurately depicted and may be changed at any time. Photos and drawings and other visual depictions of the Project and units contained in this brochure are artist renderings and should not be relied upon in deciding to purchase a unit. the Developer makes no guarantee, representation or warranty whatsoever that the units depicted in this brochure will ultimately appear as shown. to the extent permitted by law, the Developer disclaims all liability that may arise out of errors or omissions in the content of this brochure, including any claims for actual or consequential damages. this is not intended to be an offering or solicitation of sale in any jurisdiction where the Project is not registered in accordance with applicable law or where such offering or solicitation would otherwise be prohibited by law.

The Baccarat brand name and certain related trademarks are owned by Baccarat S .A. and licensed to Starwood Capital Group, LLC ("SCG"). Wailea Hotel & Beach Resort, L.L.C. ("Developer") uses the Baccarat brand name and certain related trademarks (collectively, the "trademarks") in connection with the sales and marketing of the residential units in the Project under an agreement with SCG. the license from Baccarat S.A. to SCG and the agreement between SCG and Developer may each be terminated or expire without renewal, in which case neither the residential units nor any part of the Project will be identified as a Baccarat Resort & Residences branded project or have any rights to use the trademarks.

Purchasers should be aware that all finish materials, appliances, options and upgrades are subject to change or substitution by the Developer at any time without prior notice.

OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED OR QUALIFIED THIS OFFERING.

I have read the disclaimer and agree to the terms and conditions set forth herein.