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three- or four-bedroom could generate three keys or four keys, and those are the concepts behind the mini-suites that could be put back into the pool of the hotel, or rental. The idea of the hotel – we have 184 rooms and suites for a total of 255 keys – so the idea we might have a two-bedroom suite that could turn into three keys. So it’s an issue of management and an issue of income in terms of how the hotel component could generate the use. We are seeing a lot of the resort condominiums really look at the opportunity to share the amenities with the hotel, dining with the hotel, the spa facilities with the hotel, and a lot of the for-sale concepts that we are seeing throughout mainland area is coming to, shall we say, blossom here on this site. The boards that you see here – I don’t know if we have the time to go through them – but it gives you the overall view of the architectural palette that we’ve sort of brought to all of the villages. There’s sort of carryovers to try to tie the architecture together to combine with from, shall we say, the villas to the bungalows to the town homes to the stacked flats to sort of create a family of residential character that ties it all together, and has a bearing and relationship to here, to the resort market of Hawaii. And I’m here to answer any questions, if there is any further things that we need to clarify. WATANABE: Mr. Woodward. WOODWARD: Mr. Chairman. I’m still not really clear about this idea of the keys. Does that mean if you have 184 hotel rooms and you have certain, say, condominiums or whatever that you can rent out in addition, that’s what you are talking about? VASQUEZ: The bungalows would be in addition to the 184. WOODWARD: And that’s how you arrive at 255, or whatever the number is? VASQUEZ: Correct. It’s a basis of the number of suites and rooms that gave us the key count of 255. And then we add separately the 100 bungalows. Just to clarify, here is the hotel and then here is the 100 units bungalows. And they’re also on the idea that they would be on the pool that would be managed from the hotel. WOODWARD: Okay. So basically if you had a situation where the people that owned bungalows – I assume these are going to be privately owned? VASQUEZ: Correct. WOODWARD: If they are not there, they can put them in the pool and then the hotel would have 255. That’s the difference between rooms and keys. Is that right? VASQUEZ: Correct. WOODWARD: Okay, thank you. WATANABE: Mr. Domingo. EXHIBIT C 6