Chase N Rainbows Real Estate, Inc.

The work on the building exterior: spalling, painting, and associated contaminants mitigation will commence on or about March 24th starting at the south end of the Lanai Building impacted units in stacks 17-18-19. Work will proceed Northward at the rate of about 1 stack every 10 to 14 days. Guests, owners and residents will, unfortunately, be impacted. Next week the AOAO will provide a more precise time schedule so owners and rental agents can forewarn guests. AOAO will do their best to keep everyone updated on construction schedules. This effort will involve some disruptions to rental activities due to spalling repairs and guests may be aware that asbestos mitigation is underway during their stay depending on the location of your unit and where work is underway. Typically, 1 to 3 stacks will be involved at any point in time Construction will be limited to the hours from 9am to 4pm Monday through Friday. Work is scheduled to be completed within 180 calendar however weather and unforeseen spalling or delamination could extend the effort timeline. AOAO is striving to complete this effort before Fall high season. The long-delayed work on the spalling, coatings contaminants mitigation, and painting will commence March 24th, starting with the south end of the Lanai Building and moving northward. Commencement of this effort was delayed due to Maui County permit acquisition issues, which also delayed notification to owners about when the work would commence. The project will include: Spalling: our typical, periodic spalling work. This is the effort that creates noise and disturbance to owners and guests, depending on where repairs need to be made. Coatings contaminant mitigation: If contaminants are present where spalling or delamination occurs, comprehensive mitigation and containment will be done. Painting plus coating remediation where delamination is found: This part of the effort involves “rollers” and should not be a significant source of noise-based disturbance. Current schedule: (Lanais will be inaccessbile while workers are on the stack and lanai window/doors will be tapped off) Mauka=Mountain side Makai=Ocean side Dates Description of work Stack Location 3/17-3/21/14 Start setting up rigging 19 Lanai Tower Southside wall 18 & 19 Lanai Tower Makai side 3/24-4/4/14 Sound & locate spalls 19 Lanai Tower Southside wall 18 & 19 Lanai Tower Makai side Abatement Removal 19 Lanai Tower Southside wall Repair spalls & Texture 18 & 19 Lanai Tower Makai side 4/7/14 -? Start Painting 19 Lanai Tower Southside Wall 18 & 19 Lanai Tower Makai Side 4/14-4/15/14 Remove Lift 16 & 17 Lanai Tower Southside wall to Makai side 4/15-4/25/14 Sound & locate spalls 16 & 17 Lanai Tower Makai side Abatement Removal 16 & 17 Lanai Tower Makai side Repair Spalls & Texture 16 & 17 Lanai Tower Makai side 4/14/14-? Painting 18 & 19 Lanai Tower Makai side 4/21-4/22/14 Move Lift 14 & 15 Lanai Tower Makai side Sound & locate spalls 14 & 15 Lanai Tower Makai side Abatement Removal 14 & 15 Lanai Tower Makai side Repair Spalls & texture 14 & 15 Lanai Tower Makai side 4/21-4/25/14 Painting 16 & 17 Lanai Tower Makai side 4/28-29 & 5/9 Move Lift 13 & 14 Lanai Tower Makai side Sound & locate spalls 13 & 14 Lanai Tower Makai side Abatement removal 13 & 14 Lanai Tower Makai side Repair Spalls & Texture 13 & 14 Lanai Tower Makai side 5/5-5/9/14 Painting 14 & 15 Lanai Tower Makai side 5/12-13 & 23 Move Lift 11 & 12 Lanai Tower Makai side Sound & locate spalls 11 & 12 Lanai Tower Makai side Abatement removal 11 & 12 Lanai Tower Makai side Repair spalls & Texture 11 & 12 Lanai Tower Makai side 5/12/14 Painting 13 & 14 Lanai Tower Makai side 5/19/14 Painting 11 & 12 Lanai Tower Makai side 5/26-5/27/14 Move Lift 11 Lanai Tower North Wall Sound & locate spalls 11 Lanai Tower North Wall Abatement Removal 11 Lanai Tower North Wall Repair Spalls & Texture 11 Lanai Tower North Wall 6/9-10 & 7/3 Move Lift 11 & 12 Lanai Tower Mauka Side Sound & locate spalls 11-19 Lanai Tower Mauka Side Abatement removal 11-19 Lanai Tower Mauka Side Repair spalls & texture 11-19 Lanai Tower Mauka Side Door removal 14 doors Lanai Tower Mauka Side Abatement removal 14 doors Lanai Tower Mauka Side Repair Spalls & texture 14 doors Lanai Tower Mauka Side Painting 14 doors Lanai Tower Mauka Side June 30 Moving to Molokai Tower July 4 DONE with Lanai Tower 6/30-7/1 Start Rigging 1 Molokai Tower Southside 1, 2 & 3 Molokai Tower Makai Side 7/7-7/18 Sound & Locate Spalls 1 Molokai Tower Southside wall Abatement Removal 1 Molokai Tower Southside Wall Repair Spalls & texture 1, 2 & 3 Molokai Tower Makai 7/21-7/22 Move Lift 1, 2 & 3 Molokai Tower Mauka Side 7/21-7/25 Start Painting 1 Molokai Tower Southside Wall 1, 2 & 3 Molokai Tower Makai 7/21-8/1 Sound & locate spalls 1, 2 & 3 Molokai Tower Mauka Side Abatement removal 1, 2 & 3 Molokai Tower Mauka Side Corridor work 1, 2 & 3 Molokai Tower Mauka Side Sound & locate spalls 4 & 5 Molokai Tower Makai Side Abatement removal 4 & 5 Molokai Tower Makai side Repair spalls & texture 4 & 5 Molokai Tower Makai side Corridor work 4 & 5 Molokai Tower makai side 8/4-8/8 Painting 1, 2 & 3 Molokai Tower Mauka Side 8/4-8/8 Painting 4 & 5 Molokai Tower Makai Side 8/11-8/12 Move lift 4 & 5 Molokai Tower Southside wall to Makai side 8/11-8/12 Move lift 6 & 7 Molokai Tower Makai Side 8/11-8/22 Sound & locate spalls 6 & 7 Molokai Tower Makai Side Abatement removal 6 & 7 Molokai Tower Makai Side Repair Spalls & Texture 6 & 7 Molokai Tower Makai Side Corridor Work 6 & 7 Molokai Tower Mauka Side 8/25-8/29 Painting 6 & 7 Molokai Tower Makai Side Door Removal 14 doors Molokai Tower Mauka Side Abatement removal 14 doors Molokai Tower Mauka side Repair Spalls & Texture 14 doors Molokai Tower Mauka Side Painting 14 doors Molokai Tower Mauka Side Observed Holidays-NO work Mon 5/26 Memorial Day Fri 7/4 Independence Day Mon 9/1 Labor Day