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NEWBERG: If I could, Ken, you had mentioned that I believe Spring Capital has had some projects <br /> on Hawaii Island. <br /> VAN BERGEN: Yes. <br /> NEWBERG: Could you, could you expound on that? What projects specifically? <br /> VAN BERGEN: Did you get the history that I brought to the February meeting? The three pages <br /> with so many developments that they've done in five different states? <br /> NEWBERG: I don't have it in front of me at this time. I could pull it up on email, but you'd <br /> mentioned maybe the <br /> VAN BERGEN: Yeah, I'll be happy to, so back in 2000 they developed 130 single-family homes at <br /> Maula Lani, Villages at Mauna Lani. So if- - -to the right- - - anything about, that was a very <br /> successful project. They developed multiple houses at Kuki`o and Hualalai Resorts that I was <br /> involved in personally back in 2006, 7 and 8. Currently, they have 100 acres that they own at <br /> Kuki`o, the last 100 acres in Phase Three, and they're developing in this 20-acre, 20 parcels, 22 large <br /> parcels. So most of their commitment on the Big Island so far has been in the resort areas. But if <br /> you look at- - - later, the pages that I brought, there's, you know, 28 projects in mixed-use <br /> commercial, industrial, resort, rentals; they have a plethora of experiences in different developments, <br /> so <br /> NEWBERG: You had mentioned the storage facility near Costco <br /> VAN BERGEN: Yeah, so if you go up Hina Lani, you go to, at the corner of Hina Lani and <br /> Kamanu, right on the corner there is a, that very large, it's under construction now and is getting <br /> close to being done. <br /> NEWBERG: I see. <br /> VAN BERGEN: Yeah, that's, that's their latest project here in Kona. <br /> NEWBERG: The reason I ask, was Spring Capital the original developer of the storage facility or <br /> did they take that project over? <br /> VAN BERGEN: You know, I personally haven't been involved with that, history of that project. I <br /> know that they are, they are developing it now. My understanding is they were, but I could find out. <br /> I don't know. I don't know that— <br /> NEWBERG: <br /> hatNEWBERG: The reason I, the reason I ask is the projects you're listing, one being the Villages at <br /> Mauna Lani, is Spring Capital in conjunction on that project with Maryl? <br /> VAN BERGEN: They were back in, when it was built. Actually, all those units have been sold off <br /> many, you know, over a decade ago, and they are owned by private owners at this point- - - <br /> 28 - -28 <br /> EXHIBIT D <br />