Dick Titus called the meeting to order at 1:30 p.m. The meeting was held at the Club Upstairs.

Magnolia Point Community Association, Inc. Board of Directors Meeting Magnolia Point Clubhouse August 13th, 2018 Minutes Dick Titus called the meeting to order at 1:30 p.m. The meeting was held at the Club Upstairs. Committee Members present: John Weidner, Susan Mitchell, Joe Boyd and Larry Hanline. Also, present: Darren Decker, CAM Lifestyles Realty. Quorum was met with Dick Titus and Bill Nisley in attendance. Approval of Previous Board Meeting Minutes (July) A correction to the unapproved minutes was identified from the floor. The minutes for the July Board meeting were corrected and approved unanimously. (Titus motion/nisley second) Financial Statement Review (June) Chairman Rannel Westberry has submitted his resignation. Rannel has provided excellent service to the community and his experience and dedication will be missed. John Lochner has volunteered to take over as Chair of the finance committee. Bill moved that John be appointed as the Finance Committee Chair. It was seconded by Dick and approved unanimously. Dick provided a short financial summary. He noted the operational expenditures remain as expected and within budget (slight surplus) with no major issues. The Reserve expenditures for drainage continue to cause cash flow concerns and requires us to seriously consider a special assessment action. Committee Reports Access Control Chairman Jon Bastress was not in attendance. Jon provided the following email report on the back-gate status. "The back gate is now open for commercial traffic and visitors. All the security and communication functions are restored except for one camera that is on order." Architectural Review Chairman John Weidner was in attendance. John provided an ARC summary indicating eighteen ARC review and approval actions were accomplished in July. A summary of the month s actions was provided to the Board. Communications Chairman Susan Mitchell was in attendance. Susan indicated there was no report. 1

Community Liaison Chairman Chris Springborn submitted his resignation. His work load has again impacted his ability to serve a chair. Gary Dake once again volunteered to serve as Chair. Bill moved that Gary be appointed as the Community Liaison Committee Chair. It was seconded by Dick and approved unanimously. Gary also asked that Rich Harrison be approved as a committee member. Bill moved that Rich be appointed as the Community Liaison Committee member. It was seconded by Dick and approved unanimously. Trevor was in attendance and provided a short summary of Club operations and answered questions. The Club has completed and opened a new conference/dining room for small groups. They are also installing additional soundproofing to improve the dining experience in the Pub. Landscape/Irrigation Chairman Joe Boyd was in attendance. Joe had no report, but it was noted that the cul-de-sac at the end of Stonebriar was overgrown with Palmetto bushes and scrub Pine trees and had become a traffic hazard. It was cut back by our landscaping contractor. Roads/Drainage/Waterways Repair Chairman (Open) There was no Roads committee report although drainage issues were discussed in the unfinished business topic below. Rules Enforcement Chairman Larry Hanline was in attendance. Larry provided a summary of REC activities. These included recent drive around and hearing results. He also mentioned the ongoing mailbox, sign and golf cart registration activities. Larry also requested that Eron Smith be added to the committee. Bill moved that Eron be added to REC. It was seconded by Dick and approved unanimously. Unfinished Business A. Drainage Status Dick presented an overview of the authorized drainage repair efforts. We presently have 35 drainage issues identified and worked in 2018. This includes one added at the meeting. Many of these where identified in 2017 and repaired in 2018. Thirteen of these have been completed. The actuals paid to date for these repairs are $408,950. There are an additional five projects in work that should be completed in 2018. The estimated cost for drainage repairs in 2018 is $658,119. The Reserve funding for 2018 is $21,538 (drainage allocation) resulting in a significant shortfall in Reserve funding and cash flow problem. The solution to this shortfall is a Special Assessment. The Special Assessment must meet the requirements of the Covenants (limited to 50% of annual association fees) and is expected to run between $650 -$700 per property. Bill noted that assessment amounts are determined by the quarterly fees for each of the three (3) classes of property in Magnolia Point. The details of any Special Assessment proposal will 2

be provided to the community and will be discussed at a future Board Meeting noticed for this discussion. An updated Reserve Study is scheduled for this year and will address the known and future funding requirements. B. Dave Richard Group Contract Proposal Our Security Contractor, Dave Richard Group, submitted an offer to extend his current contract for an additional three years. The offer was discussed and put on the table until this meeting pending an examination of what activities are required at both gates. He presently has two contracts for his company s services. One covers his front gate activities and expires in February 2019. The second contract was initiated in August of 2015 and covers his support for activities of monitoring the back-gate during the work-week. This contract expires in August of this year. We requested that Dave Richards Group allow us to extend the Back-gate contract through February 2019 to match the expiration date of the Front- gate contract. They agreed to extend this contract to February under the existing contract conditions. This will give us an opportunity to consider both the front and back-gate requirements, digital enhancements and new traffic management software as part of a future single contract. Dick moved that contract extension be accepted under the proposed terms. It was seconded by Bill and approved unanimously. New Business A. Turnover Discussion At the last meeting, the community asked questions about the status of the sale of the last developers lots. The developer completed the sale and transfer of his last property to a third party on April 30 th of this year. We now have 966 properties within the community. Under our Covenants (para 6.3), conveyance of this last developer owned property to a third party ends the developer voting rights and transfers those voting rights to the property owners. The conveyance of the last property is a necessary condition to start the process of turning over control of the community to the community. Dick presented a lengthy review of requirements and activities, documented by the Board and legal counsel, required to complete the turnover process. A comprehensive packet of information that outlines the turnover requirements was handed out to attendees. A major part of this discussion is based on legal requirements and opinions, and with members who voiced their disagreement with the stated requirements. Because our legal representatives could not attend this meeting, the Board has scheduled a Special Board meeting next Monday evening at 7:00pm when legal counsel will attend, to field questions from the community on this matter. 3

As noted above, the attached handout contains the documents that were summarized and discussed. The handouts provide the definition of the data package required for turnover. They include the legal checklist generated by our counsel and an inventory of those requirements as applied to the Magnolia Point Community. Also included is a summary of the election requirements dictated by our governing documents in electing a new board. Adjournment With no further business to discuss, Bill made a motion to adjourn which Dick seconded. The motion passed unanimously, and the meeting was adjourned. A special Board meeting to discuss Turnover activities is scheduled with on Monday August 20 th at 7:00pm. The location will be in the Clubhouse. The next regular Board meeting is scheduled on Monday September 10 th at 7:00pm. The location will be in the Clubhouse. 101 people attended including board and staff. 4

Dream Finders, Inc. and Magnolia Point Community Association (MPCA) Transition Information August 13, 2018 Executive Summary: The attached enclosures represent the efforts of the MPCA Board of Directors with guidance from MPCA legal counsel, to identify all known requirements necessary to conclude a complete turnover of the MPCA from developer control to MPCA owner control. These requirements stipulate the formal assignment of: numerous deeds, easements, drawings, locating data, utility installations, insurance policies, warranties, permits, covenants and restrictions, etc., as applicable to all phases of construction in Magnolia Point and as listed in enclosures (1) and (2). In addition, Dream Finders must make certain written affirmations to MPCA to ensure MPCA is not liable for any outstanding developer financial commitments, liens, etc., and will hold no lots or properties after the transfer. Enclosure (3) identifies common properties, ponds, and roads that require recorded deeds of transfer from Dream Finders to MPCA. Enclosure (4) outlines official records MPCA must maintain in accordance with Florida Statute 720. Enclosure (5) presents information extracted from the MPCA governing documents relevant to the process of conducting the election of new Board members. Enclosures: (1) Magnolia Point Turnover Checklist (2) Required Dream Finders Turnover Requirements for Phase VIII, Dream Finders Developer Turnover Requirements for Previous Phases, and Existing MPCA Controlled Data (3) Table 1: PUD Properties (4) Appendix A: FL Statute 720 Required Official Records (5) Board of Directors Selection Process 1

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MAGNOLIA POINT Turnover Checklist The following documents should be reviewed and, as appropriate, secured from the Developer prior to accepting the turnover of the Association. Some of these items will already be in the control of the Association, while others will in the control of the Developer. This checklist should facilitate the Association s ability to address any concerns prior to the turn-over and also create a base set of Development documents for the Association s needs in the event of future litigation or usage issues related to the Association s common areas and easements. (a) Copies of all deeds and easements of the Association related to the Development; specifically including but not limited to: Common areas, Roadways/Access easements Utility easements Drainage easements In the event that any Association property is still held in the name of the Developer, a Deed of transfer or Assignment of Easement may be required. (b) The original of the Association s Declarations of Covenants and Restrictions (by Phase and with all Amendments or Modifications). (c) The Articles of Incorporation of the Association. Copies of any Amendments to the Articles (d) The Bylaws of the Corporation. Copies of any Amendments to the Bylaws (e) All Corporate Books and records of the Association; specifically including the Minute books with all Minutes of meetings and Actions of the Members and Directors from inception to present. (f) All Policies, rules, and regulations, if any, which have been adopted by or on behalf of the Association. (g) Resignations of Developer Directors to relinquish control of the Association, effective as of the date of turn-over. 1

In accordance with the Bylaws, the Association will set appropriate Meetings (with proper Notice) to provide replacement Directors and authorize the turn-over. (h) Confirmation that no Lots or property will be held by Developer subsequent to the transfer (i.e., that Developer is claiming no Class A Membership after the turn-over). (i) The Financial records of the Association. The financial records should include the financial statements of the Association and source documents from the incorporation of the Association through the date of turnover. For Associations incorporated after 12/31/07, financial records would be required to be audited by an independent certified public accountant for the period from the incorporation of the association or from the period covered by the last audit, if an audit has been performed for each fiscal year since incorporation. All financial statements would have to be prepared in accordance with generally accepted accounting principles and audited in accordance with generally accepted auditing standards. This Corporation pre-dates 2007, but if audited statements are available, they should be requested. The Association should, as a best practices component of the turn-over, examine the following supporting documents and financial records: (i) cash disbursements and related paid invoices to determine if expenditures were for Association purposes; (ii) the billings, cash receipts, and related records of the Association to determine that the Developer was charged and has paid the proper amounts of assessments; (iii) Accounts Receivable, Accounts Payable and Aging Summaries of unpaid items; (iv) An accounting of any taxes (including tangible and intangible property, real property and special county or state taxes) paid or owing in connection with Association property or easements; (v) Balance Sheets and Income and Expense Statements for the prior 12 months; (j) A listing of and transfer of control to the Association of all Association funds held by or on behalf of the Association: Bank Accounts Investment Accounts Escrow funds Deposits for utilities and services 2

Request and review information related to any Developer-held cash accounts or reserves held on behalf of the Association or in connection with the maintenance or repair of common areas and Development easements Identify any indebtedness or outstanding claims, invoices or potential liability that may be impact the Association prior to the turn-over Signature Cards and Transfer documents should be secured to transfer the control of any Association Funds from the Developer to the Association post-turnover. (k) A listing/inventory of and Bill of Sale for all tangible property of the association. Identify any indebtedness that may attach to those items (leases or payments) (l) A copy of all contracts which may be in force with the Association as one of the parties. (m) A list of the names and addresses and telephone numbers of all contractors, subcontractors, or employees of the Association and the originals of any Employment and service contracts in effect. (n) Copies of any and all insurance policies in effect. A list of Contact names and addresses and telephone numbers for each policy The payment status for each policy Confirmation that the policy remains in effect subsequent to the turn-over on the same basis as prior to the turn-over (i.e., assignable to or terminable by the Association and no fee/cost structure based on Developer relationships or guarantees) (o) Copies of any permits issued to the Association by governmental entities. (p) Copies of any and all warranties in effect and assignment of that coverage if necessary to continue the coverage. (q) A roster of current homeowners and their addresses and telephone numbers and their respective Phase and lot numbers. (r) Copies of As-Built plans which reflect final architectural, structural, engineering, mechanical, electrical, drainage, fiber optics, gas and any and all other utility installations running over, under or across Association common areas or easements or impacting Association common areas or easements. 3

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MAGNOLIA POINT Required Dream Finders Turnover Documents Dream Finders indicates that they intend to turnover control of the Magnolia Point Community Association to the homeowners. We have reviewed the documentation requirements and process for this turnover and have identified the following data required to complete the activity. Most homes in Magnolia Point were sold prior to Dream Finders purchasing the Developer rights and building the final planned homes (Phase VIII) initially approved by the PUD. The first of these homes were sold beginning in 1985 by various builders and developers. Since there have been many builders and developers during the development phases of Magnolia Point, it is appropriate to treat the turnover data requirements in multiple sets; those involving the Phase VIII development, all other Phases (Identified as Previous Phases ) and data that is under MPCA control. The data identified below is organized to identify and request the documents and information specifically associated with the Phase VIII development first. The second section addresses the data required for all the Previous Phases while the third section identifies the data that is presently controlled and maintained by the MPCA. Dream Finders Phase VIII Development Turnover Data Requirements The following documentation must be provided by Dream Finders to the Association prior to turnover for the Phase VIII property just completed. Data that is already in control of the Association have not been listed. The data list was created to ensure that the information required in state statutes is available to the Association. It also considers the chance that it might be necessary for the Association to have certain documents available to address any issues related to the Association s common areas, roads, ponds and easements in the event of future litigation or usage. The following list of specific data and actions must be provided to the Association prior to the completion of turnover. (1) Copies of all deeds and easements of the Association related to the Phase VIII (A, B & C) Development. Table 1 has been developed to support the identification of the deeds required to be transferred to the MPCA for all phases. It provides a detailed list of all the Magnolia Point Golf & Country club PUD properties identified by tax owner category, phase, MPCA deed and use. Backup information for this chart is also provided by Appendices B-E, which identifies property location as well as the owner and parcel information as recorded by the Clay County property appraiser s office. This table also supports each of the following sections of this document. The deeds and easements required specifically for Phase VIII properties include: Common areas as specified in Phase VIIIA Tracts 1 & 2. Parcel numbers provided in reference Table 1 in the MPCA Common Properties section. A Deed of transfer for all Phase VIII properties identified as common parcels. Roadways as specified in Phase VIII, Tract A, B and C. It must be verified that there are no additional access easements associated with the Phase VIII development. Parcel numbers are provided in Table 1 under the common road properties section. A Deed of transfer for all property identified as road parcels above is required.

For all utility easements provided by the developer in Phase VIII, an assignment of easement is required. For all drainage easements provided by the developer in Phase VIII, an assignment of easements is required except those associated with the pond numbered 25 27 across the golf course property. (2) The recorded original (or copy) of the Association s Declarations of Covenants and Restrictions for Phase VIIIA, Phase VIIIB, and Phase VIIIC with all Amendments or Modifications. (3) Any unique Policies, rules, or regulations, if any, for Phase VIII which have been adopted by the Developer or on behalf of the Association that have not been included in the recorded Covenants. (4) Confirmation that no Lots or property will be held by Developer after the transfer. (5) Verification that the Dream Finders, as the developer, has not entered into any agreement, contact or mortgage that encumbers the Association. (6) Identify any indebtedness or outstanding claims, invoices or potential liability for Magnolia Point PUD properties that may impact the Association after turn-over. (7) Identify any indebtedness that may attach to any property or equipment included in Phase VIII that might lead to either or both leases or payments. (8) A copy of all contracts which may be in force with the Association as one of the parties. (9) A list of the names and addresses and telephone numbers of all Phase VIII contractors or subcontractors who provided equipment or design services for Phase VIII common, road or utilities where design warrantees or design information may reside. (10) Copies of all insurance policies that will remain in effect following turnover. A list of Contact names and addresses and telephone numbers for each policy. The payment status for each policy. Confirmation that the policy remains in effect after the turn-over on the same basis as prior to the turn-over (i.e., assignable to or terminable by the Association and no fee/cost structure based on Developer relationships or guarantees). (11) Copies of any permits issued to the Developer for Phase VIII development by governmental entities. (12) Copies of all warranties in effect and assignment of that coverage if necessary to continue the coverage. (13) Copies of As-Built Phase VIII plans which reflect final engineering, mechanical, electrical, drainage, fiber optics and all other utility installations running over, under or across Association common areas or easements or impacting Association common areas or easements. Dream Finders Developer Turnover Data Requirements for Previous Phases In addition to the data identified above, Dream Finder Homes in their role as the PUD developer of record with development rights, also has the obligation to provide addition data to complete required turnover

activities. Dream Finder Homes assumed the developer rights when they purchased the property used to develop Phase VIII. They purchased the property and rights from CRM Florida Properties, LLC s (SunTrust Bank). SunTrust Bank foreclosed on the Magnolia Point PUD owned by Magnolia Point Venture, LLC (MPI). Following the SunTrust foreclosure action against MPI, an agreement was worked out between Sun Trust, Magnolia Point Community Association, Inc. (MPCA) and MPI which allowed MPCA to control the board of directors and provide the management of the Association. This agreement was executed in May of 2012 and MPCA effectively took over the management of the community at that time. Because of the agreement, MPCA was forced to assemble and maintain the data required by Florida Statute 720 for HOAs. This data represents a significant portion of the required HOA operational data identified as part of the turnover and are already part of the existing MPCA records. These records are identified and summarized in a following section titled Existing MPCA Controlled Data. There are some holes in this available data, however. Although Dream Finders may not have generated the previous phase data, they as developer, must assist in gathering and supplying this data it to the MPCA. The following data and records are required to be supplied for all Previous Phase developments. (1) Copies of all deeds and easements of the Association related to the Phases I - VII Developments as specified in Table 1 and identified in the deed column. These deeds are associated with Community conservation areas (all are required), community roads (10 of 15 are required) and community stormwater ponds (all are required). In addition, there are several parcels that are owned by previous developers or property owners that must be transferred to MPCA and a formal agreement with MPI (owner of the golf course) must be provided for those ponds owned by the golf club and maintained by the association. Floribec (7) and TREV (1) presently own property deeds and pay taxes on several of conservation and pond parcels which are controlled by the covenants and are part of the development PUD. Roadways require a significant set of Deeds to be provided. There is also no Deed for the portion of Medinah Lane that was turned over to the City of Green Cove Springs. This parcel # is 05-06-26-015231-023-22 as identified in Table 1. The deed for this parcel must be generated and recorded. Property supporting association ponds and owned by the golf club (ponds 1-3, 5, 8, 10 and 21-24) must be part of an agreement that allows MPCA pond access, maintenance and control as required by SJRWMD permits. The golf course property is identified by parcel # 04-06-26-015231-004-00 in Table 1. Utility easements must be provided for all Phases (I-VII). Assignment of easements is required. Drainage easements must be provided for all Phases (I-VII). Assignment of easements is required. (2) Copies (or originals) of all transfer assignments, agreements and arrangements of the Magnolia Point Developer rights as specified in the Association Covenants. (3) Modification and recording of the Covenants for all existing development phases to assign Developer rights and obligations to the Association and remove those Developer rights that are no longer in effect following turnover must be generated. There are a significant number of unique

Covenants associated with the development of the Magnolia Point community. A listing of these Covenants is included in the Florida Statute 720 Required Official Records are summarized in Appendix A. Originals of all these transfer assignments should be furnished as part of the turnover package. (4) All Policies, rules, and regulations, if any, which have been adopted by Dream Finders for or on behalf of the Association for development Phases prior to VIII. (5) Copies of all insurance policies in effect for Magnolia Point Development activities. A list of Contact names and addresses and telephone numbers for each policy The payment status for each policy Confirmation that the policy remains in effect after the turn-over on the same basis as prior to the turn-over (i.e., assignable to or terminable by the Association and no fee/cost structure based on Developer relationships or guarantees) (6) Copies of any permits issued to the Developer by governmental entities for Magnolia Point Development activities. (7) Copies of all warranties for Magnolia Point Development activities, services, equipment or infrastructure in effect and assignment of that coverage if necessary to continue the coverage. (8) Copies of any As-Built plans for pre-phase VIII used as interface information and which reflect final structural, engineering, mechanical, electrical, drainage, fiber optics, gas and all other utility installations running over, under or across Association common areas or easements or impacting Association common areas or easements. Existing MPCA Controlled Data MPCA and the property owner s due to their control over the board, has been required to assemble and maintain the Florida Statute homeowner association required data since the May 2012 agreement. The data assembled to meet this requirement satisfies a major portion of the documentation specified to be transferred during the developer turnover process. The following data is already available as part of the existing MPCA data records and is maintained by Lifestyles Property Service under contract by the MPCA. These records are identified and specified below and physical locations are available. (1) Copies of the deeds and easements as specified in Table 1 and identified as yes in the deed column are already available. These deeds are associated with the light house signage property on Hwy 17 and five of the community road parcels. Deeds for the three Phase VIII ponds are also available and the properties have been transferred. Utility easements associated with the Phase VIII ponds have also been transferred and assigned to MPCA. (2) Copies of the Association s recorded Declarations of Covenants and Restrictions (by Phase (through VII) including Amendments and Modifications.

(3) The Articles of Incorporation of the Association including amendments. (4) The Bylaws of the Corporation including amendments. (5) All Corporate Books and records of the Association; specifically including the Minute books with all Minutes of meetings and Actions of the Members and Directors from 2008 to present. (5) All Policies, rules, and regulations, if any, which have been adopted by or on behalf of the Association. (6) The Financial records of the Association. The financial records include the financial statements of the Association and source documents from 2012 through now. This Corporation pre-dates 2007, when financial records would be required to be audited by an independent certified public accountant. However, audits have been performed for each fiscal year since 2012 and are available. All financial statements have been prepared in accordance with generally accepted accounting principles and audited in accordance with generally accepted auditing standards. The Association has, as part of the management process, examined the following supporting documents and financial records each year since 2012: (i) cash disbursements and related paid invoices to determine if expenditures were for Association purposes; (ii) the billings, cash receipts, and related records of the Association to determine that the Developer was charged and has paid the proper amounts of assessments; (iii) Accounts Receivable, Accounts Payable and Aging Summaries of unpaid items; (iv) An accounting of any taxes (including tangible and intangible property, real property and special county or state taxes) paid or owing in connection with Association property or easements; (v) Balance Sheets and Income and Expense Statements for the prior 12 months; (7) All known Association funds have been listed and are presently under control of the Association with appropriate signature cards. The known funds are included in the following: Bank Accounts Investment Accounts Escrow funds Deposits for utilities and services Association held cash accounts or reserves held on behalf of the Association or in connection with the maintenance or repair of common areas and Development easements Indebtedness or outstanding claims, invoices or potential liability that may be impact the Association prior to the turn-over (8) A listing/inventory of and Bill of Sale for all tangible property of the association. There is no indebtedness for this property that may attach to those items (leases or payments).

(9) A copy of all known contracts which are in force with the Association as one of the parties is available. (10) A list of the names and addresses and telephone numbers of all contractors, subcontractors, or employees of the Association and the originals of any Employment and service contracts in effect is available. (11) Copies of all insurance policies in effect is available including: A list of Contact names and addresses and telephone numbers for each policy The payment status for each policy Confirmation that the policy is not in the Developer s name and is not impacted by turnover activities. (12) Copies of any permits issued to the Association by governmental entities is available for activities occurring after 2012. (13) Copies of all known warranties in effect since 2012 is available. (14) A roster of current homeowners and their addresses and telephone numbers and their respective Phase and lot numbers. The documentation identified above is based on an analysis of the data that the State requires developers to turnover to the homeowner association during the turnover process. It has considered the unique situation that the Magnolia Point development both Dream Finders and MPCA find themselves in. Providing the data requested above appears to satisfy the legal requirements and real constraints of the long development cycle while providing the minimum amount information required for the Association to function independently in the future.

Table 1: PUD Properties Owner Parcel Number Category Use Tract Phase Deed Date Owner MPCA Sinage Property MAGNOLIA POINT COMMUNITY ASS37-06-26-015722-002-01 Harbor Lighthouse Monument Tower Pt of Trave Yes 2006 MPCA MPCA Common Properties MAGNOLIA PT COMMUNITY ASSOC 37-06-26-015231-022-46 CRESENT POINT CT Common Tract B-1 Ph IV No MAGNOLIA PT COMMUNITY ASSOC 37-06-26-015231-022-47 TETTERSALL DR Common Tract B-2 Ph IV No MAGNOLIA PT COMMUNITY ASSOC 37-06-26-015231-022-48 OLYMPIC DR Common Tract B-3 Ph IV No MAGNOLIA PT COMMUNITY ASSOC 37-06-26-015231-022-49 OLYMPIC DR Common Tract B-4 Ph IV No MAGNOLIA PT COLF & COUNTRY 37-06-26-015231-022-50 BARTON CREEK CIR Common Tract B-5 Ph IV No MAGNOLIA PT COLF & COUNTRY 37-06-26-015231-022-51 BLACKSTONE CT Common Tract B-7 Ph IV No MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-52 Magnolia Point Rd Common Tract B-8 Ph IV No MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-53 Shinnecock Ln Common Tract B-9 Ph IV No MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-54 Colonial Dr. Common Tract B-10 Ph IV No MAGNOLIA POINT COMMUNITY 05-06-26-015231-026-06 OGLEBAY DR Common Tract L Ph VII No MAGNOLIA POINT COMMUNITY 05-06-26-015231-017-65 SHINNECOCK LN Common Tract 1 Ph VIIIA No MAGNOLIA POINT COMMUNITY 05-06-26-015231-017-66 SHINNECOCK LN Common Tract 2 Ph VIIIA No MAGNOLIA POINT COMMUNITY ASS37-06-26-015231-013-21 Costancia (Exit Realty & Glyn Cottage Ct) Common Tract A No 2004 Floribec Floribec (4 Parcels) 04-06-26-015231-000-00 Gate(off Harbor), Pond 16, Colonial Rd, OthCommon No 2004 Floribec Floribec 04-06-26-015231-004-04 Conservation Area 2(Blackstone) Common No 2011 Floribec Floribec 04-06-26-015231-011-01 Conservation Area 5(Oak Crossing) Common No 2004 Floribec MPCA Common Road Properties MAGNOLIA POINT COMMUNITY 04-06-26-015231-004-01 COLONIAL DR(Guard House & All Streets in Roads Master Yes 1993 MAGNOLIA POINT COMMUNITY 04-06-26-015231-004-01 COLONIAL DR Roads Sub 1 Yes 1993 MAGNOLIA POINT COMMUNITY 04-06-26-015232-003-34 Olympic Dr., Glen Abbey Ct, Castle Pine Ct Roads Sub 2 No MAGNOLIA PT COMMUNITY ASSOC04-06-26-015231-005-28 CONSTANCIA DR (Roads & Lift Station) Roads Sub 3 GSV-2 Yes 1993 MAGNOLIA PT COMMUNITY ASSOC04-06-26-015231-007-11 CLUB HOUSE DR Roads Sub 4 CV Yes 1993 MAGNOLIA PT COMMUNITY ASSOC04-06-26-015231-008-05 Medinah, Shinnecock, Quaker Ridge, Colon Roads Sub 5 Unit -1 Ph I/II Yes 1993 MAGNOLIA POINT COMMUNITY 04-06-26-015231-009-90 Stonebriar Rd Roads Sub 6 No MAGNOLIA POINT COMMUNITY AS37-06-26-015231-013-22 Glyn Cottage Ct Roads Sub 7 No MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-61 Olympic Dr. Blackstone CT, Cresent Point CtRoads Sub 8 Ph IV No MAGNOLIA POINT COMMUNITY 05-06-26-015231-023-21 MEDINAH LN Roads Sub 9 Ph V No MAGNOLIA POINT COMMUNITY 04-06-26-015231-024-35 TURKEY CREEK DR Roads Sub 10 Ph VI No MAGNOLIA POINT COMMUNITY 05-06-26-015231-026-07 OGLEBAY DR Roads Sub 11 Ph VII No MAGNOLIA POINT COMMUNITY 05-06-26-015231-017-67 SHINNECOCK LN & Elks Path Ln Roads Sub 12 Tract A Ph VIII No MAGNOLIA POINT COMMUNITY 05-06-26-015231-019-33 OGLEBAY DR Roads Sub 13 Tract B Ph VIII No MAGNOLIA POINT COMMUNITY 05-06-26-015231-018-56 Grand Victoria Court Roads Sub 14 Tract C Ph VIII No

Table 1: PUD Properties Owner Parcel Number Category Use Tract Phase Deed Date Owner MPCA Common Pond Properties Floribec 37-06-26-015722-004-00 Conservation Areas Common Pond 9 No 2004 Floribec MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-57 Blackstone Ct - pond Common Pond-12 Tract S-2 Ph IV No MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-55 Tettersall Dr. behind pond Common Pond-13 Tract C-1 Ph IV No MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-56 Tettersall Dr. - pond Common Pond-13 Tract S-1 Ph IV No MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-59 Magnolia Point Rd & Colonial Common Pond-14 Tract S-4 Ph IV No MAGNOLIA POINT COMMUNITY 04-06-26-015231-024-34 COLONIAL DR Common Pond-15 Tract S-2 Ph VI No MAGNOLIA POINT COMMUNITY 05-06-26-015231-026-05 OFF OGLEBAY DR Common Pond-16 Tract S-3 Ph VII No MAGNOLIA POINT COMMUNITY 05-06-26-015231-026-04 COLONIAL DR Common Pond-18 Tract S-2 Ph VII No MAGNOLIA POINT COMMUNITY 05-06-26-015231-026-03 OFF WEDGE CT (Master Pond 19) Common Pond-19 Tract S-1 Ph VII No MAGNOLIA POINT COMMUNITY 05-06-26-015231-023-20 MEDINAH LN (Sub- Pond 19) Common Pond-19 Tract S-2 Ph V No MAGNOLIA POINT COMMUNITY 05-06-26-015231-023-19 MEDINAH LN Common Pond- 20 Tract S-1 Ph V No MAGNOLIA POINT COMMUNITY 37-06-26-015231-022-58 Blackstone/Club Prop-Club Pond-14 Common GCPnd-14 Tract S-3 Ph IV No MAGNOLIA POINT COMMUNITY 04-06-26-015231-004-05 Phase VIII Ponds Common Pond- 27 Ph VIII Yes 2017 MAGNOLIA POINT COMMUNITY 04-06-26-015231-004-06 Phase VIII Ponds Common Pond- 26 Ph VIII Yes 2017 MAGNOLIA POINT COMMUNITY 04-06-26-015231-004-07 Phase VIII Ponds Common Pond- 25 Ph VIII Yes 2017 MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Homeowner/Club Property/TREV Common Pond 1 No 2013 TREV MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Homeowner/Club Property Common Pond 2 Yes 2012 MPI MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Homeowner/Club Property Common Pond 3 Yes 2012 MPI Homeowner Property Various #'s Homeowner Property Common Pond 4 Yes MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Homeowner/Club Property Common Pond 5 Yes 2012 MPI Homeowner Property Various #'s Homeowner Property Common Pond 6 Yes Homeowner Property Various #'s Homeowner Property Common Pond 7 Yes MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Club Property Common Pond 8 Yes 2012 MPI MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Club Property Common Pond 10 Yes 2012 MPI Homeowner Property Various #'s Homeowner Property Common Pond 11 Yes Homeowner Property Various #'s Homeowner Property Common Pond-17 Yes MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Homeowner/Club Property Common Pond- 21 Yes 2012 MPI MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Homeowner/Club Property Common Pond- 22 Yes 2012 MPI MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Homeowner/Club Property Common Pond- 23 Yes 2012 MPI MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 Club Property Common Pond- 24 Yes 2012 MPI MAGNOLIA PT Investment LLC 04-06-26-015231-004-00 GOLF CLUB Golf Club Yes 2012 MPI City of Green Cove Springs 05-06-26-015231-023-22 MEDINAH LN City Road No

Appendix A - FL STATUTE 720 REQUIRED OFFICIAL RECORDS. The association shall maintain each of the following items, when applicable, which constitute the official records of the association: Data Copy Requirement Items Location Time 1 Plans, specifications, permits, and warranties related to Front Gate & Bldg. Lifestyles No Limit Rear Gate (TOPS) improvements constructed on the common areas or other Fences property that the association is obligated to maintain, repair, or Waterways replace. Roads & Curbs US 17 Tower Drainage System Irrigation System 2 Association Bylaws and Amendments. Approved 1985 Lifestyles No Limit MagPt.com 3 A copy of the articles of incorporation of the association and Approved 6/5/1987 Lifestyles No Limit Revised 12/11/2012 MagPt.com amendments. 4 A copy of the declaration of covenants and a copy of each See Current & History Lifestyles No Limit Tables 1 & 2 Below MagPt.com amendment thereto. 5 A copy of the current rules of Magnolia Point Community Handbook of Covenants Lifestyles Current & Guidelines MagPt.com Association. 6 Board of director and members meeting minutes. Lifestyles 7 years MagPt.com 7 Current member roster, mailing addresses and parcel Lifestyles Current (TOPS) identifications. Electronic mailing addresses and member designated numbers for receiving electronic transmission notices. 8 Association insurance policies. Lifestyles 7 years 9 Current copy of all Association contracts Including without limitation, any management agreement, lease, or other contract under which the association has any obligation or responsibility. Bids received by the association for work to be performed must also be considered official records and must be kept for the specified time. 10 Association financial and accounting records. Records must include: 1. Accurate, itemized, and detailed records of all receipts and expenditures. 2. A current account and a periodic statement of the account for each member, designating the name and current address of each member who is obligated to pay assessments, the due date and amount of each assessment or other charge against the member, the date and amount of each payment on the account, and the balance due. 3. All tax returns, financial statements, and financial reports of the association. 4. Any other records that identify, measure, record, or communicate financial information. Use Agreement Road Paving Maintenance of Waterways Landscaping Lights Etc. 11 A copy of the disclosure summary described in s. 720.401(1). Realtor Form Disclosure Form Below 12 All other written records of the association not specifically included in the foregoing which are related to the operation of the association. Reserve Studies 10/14/2016 3/7/2012 5/10/2010 11/7/2007 4/27/2005 8/1/2003 Lifestyles MagPt.com Lifestyles Lifestyles (TOPS) Lifestyles Lifestyles Current 1 year 7 years Current 13 ARB Data & Approvals Lifestyles 7 years

Table 1 CURRENT DECLARATION OF COVENANTS, CONDITIONS, EASEMENTS AND RESTRICTIONS Phase Phase I-Amended and Restated Easements and Restrictions - 8/17/99 Phase II -Amended and Restated Easements and Restrictions - 8/17/99 Phase III -Amended and Restated Easements and Restrictions 8/17/99 Magnolia Point Golf and Country Club Phase IV- Declaration of Covenants, Conditions, Easements, and Restrictions - 1/13/2003 Magnolia Point Golf and Country Club Phase V- Supplementary Declaration of Covenants and Restrictions - 8/16/2004 Magnolia Point Golf and Country Club Phase VI -Supplementary Declaration of Covenants and Restrictions -11/1/2004 Magnolia Point Golf and Country Club Phase VII -Supplementary Declaration of Covenants and Restrictions -1/9/2006 First Amendment to Declaration of Covenants, Conditions, Easements and Restrictions for Magnolia Point Golf and Country Club Phase IV - 9/18/2006 Supplemental Declaration of Covenants, Conditions, Easements, and Restrictions for Magnolia Point Golf and Country Club Phase IV- (Magnolia Point Golf & Country Club Phase VIII A) - 1/23/2015 Supplemental Declaration of Covenants, Conditions, Easements, and Restrictions for Magnolia Point Golf and Country Club Phase IV-(Magnolia Point Golf & Country Club Phase VIII B) - 2/12/2016 Supplemental Declaration of Covenants, Conditions, Easements, and Restrictions for Magnolia Point Golf and Country Club Phase IV- (Magnolia Point Golf & Country Club Phase VIII C) - x/xx/201x Recorded in Official Records Book of File Location the public records of Clay County, Florida. Book 1816 Page 1295 MagPt.com Book 1816 Page 1311 MagPt.com Book 1816 Page 1327 MagPt.com Book 2144 Page 0358 MagPt.com Book 2421 Pages 1850-1851 Book 2453 Pages 570-571 Book 2660 Book 2793 Pages 1949-1950 Pages 1276-1277 Book 3716 Pages 279-287 MagPt.com MagPt.com MagPt.com MagPt.com MagPt.com Book 3836 Pages 1-13 MagPt.com Book Pages

Table 1 (Continued) CURRENT DECLARATION OF COVENANTS, CONDITIONS, EASEMENTS AND RESTRICTIONS Golfside and Clubhouse Villas Golfside Villas I- Amended and Restated Easements and Restrictions - 8/17/99 Golfside Villas II- Amended and Restated Easements and Restrictions 8/17/99 Golfside Villas Unit III Replat - Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions 8/17/99 Golfside Villas IV- Amended and Restated Easements and Restrictions - 8/17/99 Golfside Villas V- Amended and Restated Easements and Restrictions - 8/17/99 Clubhouse Villas- Amended and Restated Easements and Restrictions Recorded in Official Records Book of File Location the public records of Clay County, Florida. Book 1816 Page 1343 MagPt.com Book 1816 Page 1359 MagPt.com Book 1816 Page 1375 MagPt.com Book 1816 Page 1343 Book 1816 Page 1391 MagPt.com Book 1816 Page 1263

Table 2 DECLARATION OF COVENANTS, CONDITIONS, EASEMENTS AND RESTRICTIONS CURRENT & HISTORY Phase I Phase I Easements and Restrictions (Magnolia Point Golf & Country Club Phase I) Easements and Restrictions Easements and Restrictions Easements and Restrictions Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions - 8/17/99 Recorded in Official Records Book of the public records of Clay County, Florida. Book 1025 Page 71-92 Initial Book 1138 Page 116 Amended Book 1265 Page 357 Amended Book 1265 Page 361 Amended Book 1816 Page 1295 Amended and Restated Phase II Phase II Easements and Restrictions (Magnolia Point Golf & Country Club Phase II) - 3/28/88 Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions - 8/17/99 Recorded in Official Records Book of the public records of Clay County, Florida. Book 1133 Page 499-515 Initial Book 1816 Page 1311 Amended and Restated Phase III Phase III Easements and Restrictions (Magnolia Point Golf & Country Club Phase III) Easements and Restrictions Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions 8/17/99 Recorded in Official Records Book of the public records of Clay County, Florida. Book 1458 Page 2082-2096 Book 1460 Page 1670-1681 Book 1490 Page 1789-1801 Initial Re-Recorded Amended and Restated Book 1816 Page 1327 Amended and Restated

Table 2 (Continued) Phases IV-VIII Magnolia Point Golf and Country Club Phase IV Easements, and Restrictions for Magnolia Point Golf and Country Club Phase IV- 1/13/2003 Supplementary Declaration of Covenants and Restrictions for Magnolia Point Phase V- 8/16/2004 Supplementary Declaration of Covenants and Restrictions for Magnolia Point Phase VI -11/1/2004 Supplementary Declaration of Covenants and Restrictions for Magnolia Point (Magnolia Point Phase VII) -1/9/2006 First Amendment to Declaration of Covenants, Conditions, Easements and Restrictions for Magnolia Point Golf and Country Club Phase IV - 9/18/2006 Supplemental Declaration of Covenants, Conditions, Easements, and Restrictions for Magnolia Point Golf and Country Club Phase VIII-A 1/23/2015 Supplemental Declaration of Covenants, Conditions, Easements, and Restrictions for Magnolia Point Golf and Country Club Phase VIII-B 2/12/2016 Supplemental Declaration of Covenants, Conditions, Easements, and Restrictions for Magnolia Point Golf and Country Club Phase VIII-C //201x Recorded in Official Records Book of the Public Records Of Clay County, Florida. Page Reference Book 2144 Page 0358 Initial Declaration Book 2421 Pages 1850-1851 Book 2453 Pages 570-571 Book 2660 Book 2793 Pages 1949-1950 Pages 1276-1277 Book 3716 Page 279-287 First Supplemental Declaration Second Supplemental Declaration Third Supplemental Declaration First Amendment 3.9 Garages First Supplemental Declaration of First Amendment Book 3836 Page 1-13 Second Supplemental Declaration of First Amendment Book Page Third Supplemental Declaration of First Amendment Golfside Villas I Golfside Villas I Easements and Restrictions (Magnolia Point Golf & Country Club Golfside Villas) Easements and Restrictions Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions - 8/17/99 Recorded in Official Records Book of the public records of Clay County, Florida. Book 1227 Page 168 Initial Book 1250 Page 301 Re-Recorded Book 1816 Page 1343 Amended and Restated

Table 2 (Continued) Golfside Villas II Golfside Villas II Easements and Restrictions (Magnolia Point Golf & Country Club Golfside Villas) Easements and Restrictions Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions 8/17/99 Golfside Villas Unit III Replat Easements and Restrictions (Magnolia Point Golfside Villas Unit III Replat) Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions 8/17/99 Golfside Villas IV Easements and Restrictions (Magnolia Point Golf & Country Club Golfside Villas) Easements and Restrictions Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions - 8/17/99 Golfside Villas V Easements and Restrictions(Magnolia Point Golf & Country Club Golfside Villas V) Easements and Restrictions Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions - 8/17/99 Recorded in Official Records Book of the public records of Clay County, Florida. Book 1227 Page 168 Initial Book 1250 Page 301 Re- Recorded Book 1816 Page 1359 Amended and Restated Golfside Villas III Recorded in Official Records Book of the public records of Clay County, Florida. Book 1563 Page 2179-2190 Initial Book 1816 Page 1375 Amended and Restated Golfside Villas IV Recorded in Official Records Book of the public records of Clay County, Florida. Book 1227 Page 168 Initial Book 1250 Page 301 Re-Recorded Book 1816 Page 1343 Amended and Restated Golfside Villas V Recorded in Official Records Book of the public records of Clay County, Florida. Book 1227 Page 168 Initial Book 1250 Page 301 Re-Recorded Book 1816 Page 1391 Amended and Restated

Table 2 (Continued) Clubhouse Villas Clubhouse Villas Easements and Restrictions (Magnolia Point Golf & Country Club Clubhouse Villas) Amended and Restated Declaration of Covenants, Conditions, Easements and Restrictions - Recorded in Official Records Book of the public records of Clay County, Florida. Book 1373 Page 1699 Initial Book 1816 Page 1263 Amended and Restated Property Magnolia Point PUD Approved- Clay County & Green Cove Springs City Council Magnolia Point Golf and Country Club Phase V Magnolia Point Golf and Country Club Phase VI LOTS 168, 175, 198, 199 AND 203, MAGNOLIA POINT GOLF & COUNTRY CLUB PHASE VII MAP OR PLAT RECORDED IN THE PUBLIC RECORDS OF CLAY COUNTY, FLORIDA. PAGES BOOK 45 Pages 35-41 BOOK 47 Pages 1-4 BOOK 49 Pages 55-63 5/28/1984 Assignment of Developer's Rights for MPGCC Phase I,II, III, Villas & MP Golfside Villas Unit III from MPGCC to Magnolia Point Ventures (MPV) Assignment of Developer's Rights under a PUD approved on 5/28/1985 by Clay county pursuant to Zoning Petition Z-85-22 & Green Cove Springs pursuant to City Ordinance 0-36-85 to Magnolia Point Ventures (MPV) Approval of the Assignment of Developer's Rights in paragraph 7(d) of Assignment of Developer's Rights dated 8/13/2001 & Recorded 8/14/2001 Assignment of Developer's Rights from MPV to Dream Finders Homes 2/ / 2015 RECORDED IN PAGES THE PUBLIC RECORDS OF CLAY COUNTY, FLORIDA. Book 1966 Page 705 8/13/2001 Recorded 8/14/2001 Book 1966 Page 711 8/13/2001 Recorded 8/14/2001 Book 3430 Page 1764 8/13/2001 Recorded 8/14/2001 Book Page 6/26/2015