Legal Notices

Residences

This is not intended to be an offer to sell nor a solicitation to buy real estate to residents of CT, ID, NJ, NY, and OR, unless registered or exemptions are available, or in any other jurisdiction where prohibited by law, and your eligibility and the resorts available for purchase will depend upon the state of residency of the purchaser. Prices, plans, uses, dimensions, locations, specifications, material and availability are subject to change without notice. Illustrations are artist’s depictions only and may differ from completed improvements. Furnishings are not included with Residences. Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property. The Ritz-Carlton Development Co. Inc., Kapalua Realty Co., Ltd., Brokers. The Residences at Kapalua Bay are not owned or developed by The Ritz-Carlton Hotel Company, L.L.C. An affiliate of The Ritz-Carlton Hotel Company, L.L.C. owns an interest in Kapalua Bay, L.L.C., the Developer, and The Residences at Kapalua Bay will be managed by The Ritz-Carlton Hotel Company, L.L.C.

Club

The Ritz-Carlton Club, Kapalua Bay, is not owned or developed by The Ritz-Carlton Hotel Company, L.L.C. An affiliate of The Ritz-Carlton Hotel Company, L.L.C. owns an interest in Kapalua Bay, L.L.C., the Developer, and The Ritz-Carlton Club, Kapalua Bay will be managed by The Ritz-Carlton Development Company, Inc. Kapalua Bay, L.L.C. uses the Ritz-Carlton trademarks under a license from The Ritz-Carlton Hotel Company, L.L.C. which may be terminated or revoked according to its terms.

This is neither an offer to sell nor a solicitation to buy to residents in jurisdictions in which registration requirements have not been fulfilled, and your eligibility and the resorts available for purchase will depend upon the state of residency of the purchaser.

Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judgment the merits or value, if any, of the property.

The Ritz-Carlton Club, Kapalua Bay, is currently under construction and has a proposed completion date of 2009.

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS AD AND TO THE DOCUMENTS FURNISHED BY THE DEVELOPER TO A BUYER OR LESSEE.

THIS ADVERTISEMENT IS BEING USED FOR THE PURPOSE OF SOLICITING TIMESHARE SALES. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. T07-0007. The price of the Time-Share Intervals is $389,000 to $849,000. Prices subject to change.