Aina Le′a Inc (AIZY)

Aina Le'a, Inc was formed as a limited liability company under Nevada law on April 1, 2009 and converted into Aina Le'a, Inc., a Delaware corporation, on February 6, 2012. It is a real estate development, syndication, asset management and services firm. The Company sponsors real estate investment programs to provide investors with the opportunity to acquire undivided fractional interests in unimproved real property intended to be developed and sold at a profit. Specifically, it purchases parcels of unimproved land, divide those parcels into units of undivided interest with individual land titles, and sell those undivided land fractions, or ULFs, to investors at a price anticipated to be higher than its acquisition cost. After a portion of the real property has been sold to investors, or syndicated, through an ULF program, it works with engineers, planners and architects to get the approvals and plans required to develop the property, thereby increasing the value of the land. It also locates and facilitates the engagement of homebuilders and other developers necessary to construct improvements on the property, thereby further increasing the aggregate value of the property for the benefit of the investors participating in the applicable ULF program. Currently, its ULF program is designed to require each purchaser of ULFs to execute a tri-party joint development agreement with it and a builder designated by it to construct improvements on the property, which it will oversee as the master developer under the joint development agreement, and contribute that purchaser's ULFs, together with the joint development agreement, to a trust, or ULF Trust, managed by an independent trustee for the benefit of all ULF purchasers. The Company expects to generate revenue through its sale of ULFs at a profit and through sharing in a portion of the profits, if any, to be generated from the ultimate sale of the improved property to end-users, residential or commercial builders, as applicable.