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Said premises being SUBJECT.HOWEVER,to the following: <br /> 1. Reservation in favor of the State of Hawaii of all mineral and metallic <br /> mines. <br /> 2. AS TO"PARCEL FIRST"ONLY: <br /> a. Designation of Easement"18"(20 feet wide), for golf cart underpass <br /> purposes, as shown on survey map dated March 10, 1983. <br /> b. Grant to Hilo Electric Light Company, Limited,now known as Hawaiian <br /> Electric Light Company, Inc.,dated October 22, 1974,recorded in said Bureau in Liber 10233, <br /> Page 500,granting a perpetual right and easement for pole and wire line purposes over, under, <br /> across and through Electric Pole Line Easement"1". <br /> c. Grant to Water Commission of the County of Hawai'i dated June <br /> 10, 1987,recorded in said Bureau in Liber 21053, Page 001,granting the right in the nature of a <br /> perpetual easement for pipe and pipeline purposes. <br /> NOTE: No patent was issued on Land Commission Award 9697 to Nauld. The <br /> failure of a patent to issue on Land Commission Award 9697 to Nauki shall not be considered an <br /> exception to Grantor's covenants, warranty, and duty to defend. <br /> 3. AS TO"PARCEL SECOND"ONLY: <br /> a. Grant to State of Hawaii,by its Board of Land and Natural Resources, <br /> dated December 13, 1965, recorded in said Bureau in Liber 5333,Page 1, granting a 20-foot <br /> wide pipeline easement for operational and maintenance purposes being the Kahaluu Supply <br /> Line,being a strip 20 feet wide, extending 10 feet on each side of the centerline and being more <br /> particularly described thereto. <br /> b. Grant to Water Commission of the County of Hawaii, dated June <br /> 20, 1985,recorded in said Bureau in Liber 18777, Page 655,granting the right in the nature of a <br /> perpetual easement for pipe and pipeline purposes. <br /> 4. Grant to Keauhou Resort Development Corp., a Hawaii corporation, dated <br /> December 16, 2003,recorded in said Bureau as Document No. 2003-280681,granting a <br /> perpetual and nonexclusive right and easement in, upon, through, over,under and across Kaluna <br /> Street, Kealii Street and the Phase I Roadways,for vehicular and pedestrian access and utility <br /> purposes for the benefit of Bayview Phase II. <br /> 5. Grant to Keauhou Community Services Inc.,a Hawaii corporation,dated <br /> January 22,2008, recorded in said Bureau as Document No.2008-011919,granting a <br /> nonexclusive easement for utility purposes. <br /> -6- <br /> EXHIBIT "A" <br />