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GRANT OF NON-EXCLUSIVE EASEMENT FOR LIMITED PUBLIC <br />ACCESS OVER PRIVATE ROADWAYS <br />THIS INDENTURE is made this 9th day of March , <br />2009, by and between 1250 OCEANSIDE PARTNERS, a Hawaii limited <br />partnership, whose address is 78-6831 Ali`i Drive, Suite K-15, Kailua-Kona, <br />Hawaii 96740, hereinafter referred to as the "Grantor" and the COUNTY <br />OF HAWAII, a municipal corporation, whose address is <br />Street, Hilo, Hawaii 96720, hereinafter referred to as <br />the "Grantee." <br />The following recitals reflect the assumptions that the Grantor and the <br />Grantee share in entering into this indenture: <br />WHEREAS, the Grantor owns real property located in the <br />Districts of North Kona and South Kona, County and State of Hawaii upon <br />which the Grantor is constructing a development project known as <br />"Hokuli`a;" and <br />EX[-IIBIT "1" <br />