Pedro Tama Testimony 06.28.23 (2)

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land annually now to Hawaii EcoRetreat (HER) to run retreats, trainings, internships and other programs. The owner's primary duties are: to fund the development and capital improvements of the community center and to oversee the management of the property by the lessee, Hawaii EcoRetreat. We have budgeted for high-quality, efficient systems and a bit of luxury such as a hot tub, sauna, pool as well as beautiful spaces for dance, yoga, massage, and meditation. Who we are looking for: We are currently looking for a 100% sale of the property at $1,950,000 to a like-minded party who share our values and vision for this phase of the project. We would like to pay our lenders and then secure capital to further develop the retreat center business as well as the sustainability of the land with more housing and food production. We can finance up to 75% of the property for a few years to the right buyer. Current Buildings and Infrastructure: We have about 12,000 sq. ft of buildings at this point on the land. Yoga/Meditation/Dance Hall: A 2400 sq. ft. multipurpose building with wooden floor for dance, yoga, meditation, courses and other events (Mango Temple). Community Kitchen, and Dining Lanai: A community kitchen (500 sq. ft.) and dining lanai (1200 sq. ft.) with a Serving lanai (coffee/tea/etc) and bathroom facilities including one ADA-compliant flush toilet. This building is connected to a permitted septic tank system. Bedrooms: There are currently two 2-story buildings with 16 bedrooms. Bedrooms are 150 sq. ft. and can be set up with queen-size bunk beds or a single queen bed. Bathhouse: The main bathing facility is a 600 sq. ft. communal bathhouse with 6 compost toilets, 4 showers and 5 sinks. Cottages: There are two cottages as well. Spa area and Geothermal well: We have a large 8' diameter cedar hot tub and a 22' diameter above-ground pool which are fed by a 93 degree well that produces 25 gallons/minute. Because of this we are able to empty and refill quite frequently and keep the spa chemical free. We also have a fresh water cold plunge next to the hot tub. Co-working offices/Multi-purpose room/Construction shop: A 2400 sq. ft. building with a 600 sq. ft. construction shop, offices and co-working spaces, 600 sq. ft. multi-purpose room, solar energy equipment and batteries, as well as a laundry facility with 2 washers and 2 dryers and a passive-solar laundry space. Additional Concrete Slabs: Additionally, 2 more 32'x24' concrete slabs have been poured for additional buildings such as a spa bathhouse and an owner's kitchen with multi-purpose rooms on the second floor.