Type of Membership. The Club hereby confirms that it has granted to Member a “Plantation Membership” with the ability to upgrade to a “Golf Membership” for additional golf privileges, if selected, paid for by Member and approved by The Club, as each such membership type is specified on Exhibit A attached to this Membership Agreement. Both memberships constitute a non-exclusive license to use The Club Amenities in accordance with the privileges of such type of membership as set forth in the recorded Covenant, the Club By-Laws, the Club Rules, and the other policies that The Club adopts, as each may be amended and supplemented from time to time (collectively, “The Club Governing Documents”). Kukui‘ula Development Company (Hawaii), LLC (“KDCH”), is the Declarant under the Covenant. Neither the Membership nor a Golf Membership in The Club is an investment in The Club Amenities and neither provides Member with an equity, ownership, or property interest, or any other interest, in The Club Amenities.
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Sources: Membership Agreement, Membership Agreement, Membership Agreement