Common use of DIRECTORS’ SERVICE CONTRACTS Clause in Contracts

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are proposed to be appointed as a Director of the Company in connection with the proposed acquisition of the Sale Shares. Accordingly, no service contract is proposed to be entered into between the Company and any such person.

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are No person is proposed to be appointed as a Director director of the Company in connection with the proposed acquisition Transfer of the Sale SharesProperties. Accordingly, no service contract is proposed to be entered into between the Company and any such personperson in connection with the Transfer of Properties.

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are No person is proposed to be appointed as a Director director of the Company in connection with the proposed acquisition of the Sale SharesProposed Transaction. Accordingly, no service contract is proposed to be entered into between the Company and any such personperson in connection with the Proposed Transaction.

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are No person is proposed to be appointed as a Director director of the Company in connection with the proposed acquisition of the Sale SharesProposed Acquisition. Accordingly, no service contract is proposed to be entered into between the Company and any such person.

DIRECTORS’ SERVICE CONTRACTS. There are As stated in Section 11 of the Offer Letter Announcement, no persons who are person is proposed to be appointed as a Director director of the Company in connection with the proposed acquisition of the Sale SharesProposed Transaction. Accordingly, no service contract is proposed to be entered into between the Company and any such person.

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are proposed to No person will be appointed as a Director director of the Company in connection with the proposed acquisition of the Sale SharesProposed Transactions. Accordingly, no service contract is proposed to in relation thereto will be entered into between the Company and any such person.

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are No person is proposed to be appointed as a Director director of the Company in connection with the proposed acquisition sale of the Sale SharesHalekulani Properties. Accordingly, no service contract is proposed to be entered into between the Company and any such person.

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are No person is proposed to be appointed as a Director director of the Company in connection with the proposed acquisition of the Sale Shares. AccordinglyProposed Transaction and accordingly, no service contract is proposed to be entered into between the Company and any such person.

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are No person is proposed to be appointed as a Director director of the Company in connection with the proposed acquisition exercise of the Sale SharesCall Option on the Amended Terms. Accordingly, no service contract is proposed to be entered into between the Company and any such personperson in connection with the exercise of the Call Option on the Amended Terms.

DIRECTORS’ SERVICE CONTRACTS. There are no persons who are No person is proposed to be appointed as a Director director of the Company in connection with the proposed acquisition of the Sale SharesProposed Transactions. Accordingly, no service contract is proposed to be entered into between the Company and any such person.