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PONO KAIINTERVAL OWENRS ASSOCIATION RULES AND REGULATIONS
The following Rules and Regulations have been established by your Board of Directors pursuant to
the Declaration of Conditions, Covenants and Restrictions (“Declaration”) for Owners of the Pono Kai Interval Owners Association at the Pono Kai Resort and were adopted by your Board of Directors as amended on April12, 2002 and supersede any previously distributed Rules and Regulations. These Rules and Regulations supplement your Declaration and do not change your obligations as an Owner under either the Declaration or other Governing Instruments. The Board of Directors shall have the sole and exclusive authority to amend these Rules and Regulations. Failure to comply with the Rules and Regulations may result in the suspension of your rights and privileges as an Owner.