X0303 4 2009-11-13 1 0001408100 Kennedy-Wilson Holdings, Inc. PAX 0001417921 Castine Michael P 9701 WILSHIRE BLVD., SUITE 700 BEVERLY HILLS CA 90210 1 0 0 0 Common Stock 2009-11-13 4 J 0 17982 0 D 120039 D Common Stock 2009-11-13 4 D 0 104896 0 D 15143 D Pursuant to the Agreement, dated as of November 12, 2009, by and among Prospect Acquisition Corp. (now Kennedy-Wilson Holdings, Inc.) (the "Issuer"), Malibu Partners LLC, The Malibu Companies, LLC, Broad Beach Partners LLC and Kenneth J. Abdalla, on November 13, 2009, Michael P. Castine transferred 17,982 shares of Common Stock to The Malibu Companies, LLC. Pursuant to the Forfeiture Agreement, dated as of September 8, 2009, by and among the Issuer, De Guardiola Advisors, Inc., De Guardiola Holdings, Inc., Flat Ridge Investments LLC, LLM Structured Equity Fund L.P., LLM Investors L.P., CMS Platinum Fund, L.P., SJC Capital LLC, Michael P. Castine, Daniel Gressel, Michael Downey, James J. Cahill, John Merchant and Kennedy-Wilson, Inc., as amended by Amendment No. 1 to the Forfeiture Agreement, dated as of October 22, 2009, the Issuer's initial stockholders, including Mr. Castine, agreed to forfeit shares of common stock to the Issuer. /s/ Michael P. Castine 2009-11-16