AMENDED AND RESTATED DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS FOR DATAW ISLAND. Updated December 2015

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1038 AMENDED AND RESTATED DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS FOR DATAW ISLAND Updated December 2015

PREAMBLE...... 1 ARTICLE I 1.01 DEFINITIONS... 3 Definitions...... 3 ARTICLE II 2.01 2.02 2.03 2.04 2.05 2.06 2.07 ARTICLE 111 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 DEVELOPMENT OF MASTER PLAN...... 7 Plan of Development of Property... 7 Plan of Development of Additional Property... 7 Multi-Family Associations... 9 Marina Multi-Family Area... 10 Water and Sewer Facilities... 1 O Interest Subject to Plan of Development... 11 Development Completion... 11 PROPERTY RIGHTS... 11 General... 11 Owner's Easement of Enjoyment... 12 Recreational Amenities, Common Areas & Marina... 13 Access... 14 Easements for Declarant.... 14 Changes in Boundaries; Additions to Common Areas... 14 Easements for Utilities... 15 Easements for Walks, Trails and Signs... 15 Easements for Association... 16 Sales and Construction Offices... 16 Easements for Additional Property... 16 Maintenance Easement... 16 Environmental Easement... 17 Wells and Effluent... 17 Golf Course Maintenance... 17 Entry by Golfers... 18 Encroachments... 18 No Partition... 18 Patio Homes... 19 ARTICLE IV 4.01 MEMBERSHIP... 20 Membership... 20 Ill

ARTICLEV 5.01 5.02 MAINTENANCE... 21 Responsibilities of Owners and Multi-Family Associations... 21 Association's Responsibility... 22 ARTICLE VI 6.01 6.02 6.03 INSURANCE AND CASUAL TY LOSSES... 24 lnsurance... 24 Damage or Destruction to Common Areas... 25 Damage or Destruction to Lots, Dwellings or Multi-Family Areas... 26 ARTICLE VII 7.01 7.02 CONDEMNATION... 26 Condemnation of Common Areas... 26 Condemnation of Dwellings or Multi-Family Areas... 27 ARTICLE VIII 8.01 8.02 8.03 8.04 8.05 8.06 ADMINISTRATION... 28 Common Areas... 28 Duties and Powers... 29 Agreements... 29 Management Agreement... 30 Personal Property and Real Property for Common Use... 30 Rules and Regulations... 30 ARTICLE IX 9.01 9.02 9.03 9.04 9.05 9.06 9.07 9.08 9.09 9.10 ASSESSMENTS... 30 Purpose of Assessments... 30 Creation of Lien and Personal Obligation of Assessments... 31 Computation of Annual Assessments... 31 Special Assessments... 34 Individual Assessments... 34 Notice of Meeting and Quorum... 35 Liens... 35 Effect of Nonpayment; Remedies of the Association... 35 Certificate... 36 Date of Commencement of Annual Assessments... 36 IV

ARTICLEX 10.01 10.02 10.03 10.04 10.05 10.06 10.07 10.08 10.09 10.10 10.11 10.12 10.13 10.14 10.15 10.16 10.17 10.18 10.19 10.20 10.21 10.22 10.23 10.24 10.25 10.26 10.27 10.28 ARCHITECTURAL STANDARDS AND USE RESTRICTIONS... 3 Purpose...... 37 Architectural Review Board... 37 Permitted lmprovements... 38 Construction of Improvements....... 38 Architectural Approval... 40 Landscaping Approval... 41 Approval Not a Guarantee... 42 Building Restrictions... 42 Service Yards... 42 Use of Lots and Dwellings... 43 Boats and Watercraft, Exclusive of Marina... 43 Exterior Appearance... 43 Signs... 43 Mailboxes... 44 Antennas... 44 Security Systems... 44 Water Wells and Septic Tanks... 44 Water Conservation...... 45 Pets... 45 Hunting and Fishing... 45 Limitations as to Use of Bodies of Water... 46 Nuisances... 46 Golf Course Areas... 46 Motor Vehicles, Trailers, Boats, etc... 47 Sales and Construction Activlties... 47 Multiple Ownership... 48 Repurchase Option... 48 Garages... 48 ARTICLE XI 11.01 11.02 11.03 11.04 11.05 11.06 SPECIAL RESTRICTIONS AFFECTING ALL WATERFRONT, LAGOON AND MARSHLAND AREAS...... 49 Restricted Zone... 49 Docks and Decks not Absolutely Prohibited... 49 Conditions for Erection of Docks and Decks... 49 Maintenance of Docks and Decks... 50 Entry by Board of Directors, Architectural Review Board or Declarant... 50 Nature Preserve... 50 V

AMENDED AND RESTATED DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS FOR DATAW ISLAND THIS AMENDED AND RESTATED DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS for Dataw Island is made this 1st day of October, 1996, by ALCOA SOUTH CAROLINA, INC., a Delaware Corporation, authorized to transact business in South Carolina. WITNESS ETH WHEREAS, ALCOA SOUTH CAROLINA, INC., a Delaware Corporation, is the owner of certain real property located in Beaufort County, South Carolina, known as DATAW ISLAND and does desire to subject such property to the provisions of this Declaration and to have constructed on the property a private residential community with related recreational facilities and to provide a flexible and reasonable method for the administration and maintenance of such property; and WHEREAS, as hereinafter provided in this Declaration, ALCOA SOUTH CAROLINA, INC. has retained and reserved the right, privilege, and option to submit to the provisions of this Declaration at a later time, and from time to time, as a part of Dataw Island, all or any portion of the real property described in Plat Book 30 at page 40, Plat Book 30 at page 50, Plat Book 30 at page 54, and Plat Book 32 at Page 62; and WHEREAS, ALCOA SOUTH CAROLINA, INC. hereby declares that all of the property described in Plat Book 32 at page 74 as revised January 1, 1985 and recorded in Plat Book 32 at Page 223, and any additional property described in Plat Book 30 at page 40, Plat Book 30 at page 50, Plat Book 30 at page 54, and Plat Book 32 at Page 62, that was by subsequent amendment subjected to this Declaration shall be held, transferred, sold, conveyed, leased, occupied, and used subject to the following easements, restrictions, covenants, charges, liens, and conditions which are for the purpose of protecting the value and desirability of and which shall touch and concern and run with title to the real property subjected to this Declaration and which shall be binding on all parties having any right, title, or interest in the described properties or any portion thereof, and their respective heirs, successors, successors-in-title, and assigns, and shall inure to the benefit of each Owner thereof; and WHEREAS, by Declaration of Covenants, Conditions, Restrictions and Easements for Dataw Island dated June 15, 1984, and duly indexed and recorded in the Office of the Clerk of Court for Beaufort County, South Carolina in Deed Book 397 at Page 1 through 64, inclusive, ALCOA SOUTH CAROLINA, INC., a Delaware Corporation, created and established a certain Declaration of

Covenants, Conditions, Restrictions and Easements for Dataw Island, Beaufort County, South Carolina, (hereinafter sometimes referred to as "Declaration") for that certain property described in Plat Book 32 at page 7 4 as revised January 1, 1985, and recorded in Plat Book 32 at Page 223, and the Additional Property described in Plat Book 30 at Page 40, Plat Book 30 at Page 50, and Plat Book 30 at Page 54 as may by subsequent amendment be subject to the aforementioned Declaration; and WHEREAS, beginning on or about September 19, 1984, ALCOA SOUTH CAROLINA, INC., a Delaware Corporation, executed and recorded as Declarant and as Owner of all Lots, Dwellings, and Multi-family Areas located on Dataw Island, Beaufort County, South Carolina, a series of Amendments to the Declaration of Covenants, Conditions, Restrictions and Easements for Dataw Island, South Carolina, said Amendments being dated and duly indexed and recorded in the Office of the Clerk of Court for Beaufort County, South Carolina as follows: First Amendment 9-19-84 Second Amendment 2-26-85 Third Amendment 8-19-85 Fourth Amendment 12-06-85 Fifth Amendment 6-09-88 Sixth Amendment 6-21-88 Seventh Amendment 4-30-90 Eighth Amendment 1-08-91 Ninth Amendment 1-01-92 Tenth Amendment 12-08-92 Eleventh Amendment 8-12-93 Twelfth Amendment 10-03-96 - Deed Book 403 at Page 1296 - Deed Book 414 at Page 43 - Deed Book 427 at Page 1589 - Deed Book 436 at Page 1142 - Deed Book 503 at Page 1556 - Deed Book 504 at Page 159 - Deed Book 552 at Page 417 - Deed Book 568 at Page 807 - Deed Book 590 at Page 1483 - Deed Book 613 at Page 2360 - Deed Book 644 at Page 1656 - Deed Book 892 at Page 1028 NOW, THEREFORE, ALCOA SOUTH CAROLINA, INC., in accordance with Article XIII, Section 13.01 of the Declaration, hereby issues and records this Amended and Restated Declaration of Covenants, Conditions, and Restrictions for Dataw Island. 2

ARTICLE I DEFINITIONS 1.01 Definitions. When used in this Declaration, unless the context shall prohibit or otherwise require, the following words shall have the following meanings and all definitions shall be applicable to the singular and plural forms of such terms: (a) "Additional Property" shall mean and refer to the original real property described in Plat Book 30 at Page 40, Plat Book 30 at Page 50, Plat Book 30 at Page 54, and Plat Book 32 at Page 62, save and except the real property described in Plat Book 32 at Page 74 as revised January 1, 1985, and recorded in Plat Book 32 at Page 223 (Phase I and Phase IVA), save and except original Additional Property that has already been added by the prior Amendments 1 through 12 referenced above. (b) "ASCI" shall refer to ALCOA SOUTH CAROLINA, INC., its successors and assigns. (c) "Architectural Review Board" shall mean and refer to the committee who shall be appointed by the Association's Board of Directors to approve exterior and structural construction, improvements, additions, and changes within the Development as provided in Article X hereof. (d) "Articles of Incorporation" shall mean and refer to the Articles of Incorporation of DATAW ISLAND OWNERS ASSOCIATION, INC., as amended from time to time. (e) "Assessment" shall mean and refer to an Owner's share of the Common Expenses or other charges from time to time assessed against an Owner by the Association in the manner herein provided. (f) "Association" shall mean and refer to DATAW ISLAND OWNERS ASSOCIATION, INC., a South Carolina nonprofit corporation. (g) "Board of Directors" or "Board" shall mean and refer to the Board of Directors of the Association, which is the governing body of the Association. (h) "By-Laws of the Association" or the "By-Laws" shall mean and refer to those By-Laws of DATAW ISLAND OWNERS ASSOCIATION, INC., which 3

townhouse, condominium unit, or patio or cluster home, whether detached or attached, located within the Development. (q) "Foreclosure" shall mean and refer to, without limitation, the judicial foreclosure of a Mortgage or the conveyance of secured property by a deed in lieu of a judicial foreclosure. (r) "Institutional Mortgage" shall be deemed to mean a Mortgage held by a bank, trust company, insurance company, or other recognized lending institution, or by an institutional or governmental purchaser of mortgage loans in the secondary market, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. (s) "Lease" shall mean and refer to any lease, sublease, or rental contract, whether oral or written. (t) "Living Space" shall mean and refer to enclosed and covered areas that are heated and/or cooled within a Dwelling. (u) "Lot" shall mean and refer to any unimproved portion of the Property upon which it is intended that a single family residence shall be constructed. A lot of land shall be deemed unimproved and thus considered to be a Lot, rather than a Dwelling, until the improvements constructed thereon are sufficiently complete to reasonably permit habitation thereof. Upon such completion, such lot and the improvements thereon shall collectively be considered to be a Dwelling for purposes of this Declaration. (v) "Marina" shall mean and refer to that portion of the Property now developed as docks, wharves, boat slips, marina store and all other related docking facilities. (w) "Mortgage," with an initial capital letter, shall mean and refer to a mortgage, security deed, deed of trust, installment land sales contract, or other similar security instrument granting, creating, or conveying a lien upon, a security interest in, or a security title to a Lot, Dwelling, or Multi-Family area. (x) "Mortgagee," with an initial capital letter, shall mean and refer to the holder of a Mortgage. (y) "Multi-Family Area" shall mean and refer to any portion of the Property in which common elements are owned by the members of a Multi-Family Association composed of such Owners, and within which it is intended that there will be constructed either (i) attached or detached townhouses, condominium units, cluster homes, or patio homes or (ii) boat slips and dock space which will be sold or leased to Owners pursuant to Section 2.04 hereof. In addition, any 5

within the Development, subject to distinctions in design, character and in construction techniques between single-family detached residences and townhouses, condominium units, and cluster or patio homes, whether detached or attached. (d) If the Additional Property or any portion thereof is added to the Development, Declarant reserves the right to designate the boundaries of the Lots and Multi-Family Areas, as well as the Common Areas, if any, to be added to the Development in connection therewith. (e) Should the option to add the Additional Property, or any portion thereof, not be exercised within the term specified herein or be terminated by Declarant, such option shall in all respects expire and be of no further force and effect. In the event that such option expires or is terminated, as aforesaid, Declarant shall not be obligated to impose on the Additional Property or any portion thereof any covenants, conditions, or restrictions the same as or similar to those contained herein, provided that Additional Property shall be restricted to residential and multifamily use and in no event shall more than a total of approximately 1546 residential units be developed on the total Property. (f) The option reserved by Declarant to cause all or any portion of the Additional Property to become part of the Development shall in no way be construed to impose upon Declarant any obligation to add all or any portion of the Additional Property to the Development or to construct thereon any improvements of any nature whatsoever. The option reserved under this Section 2.02 may be exercised by Declarant only by the execution of an amendment to this Declaration which shall be filed in the Records of the Clerk of Court for Beaufort County, South Carolina, together with a revision of or an addition to the Site Plan showing the Additional Property or such portion or portions thereof as are being added to the Development by such amendment, as well as the Lots and/or Multi-Family Areas therein. Upon the filing of such an amendment adding Additional Property to the Development, Declarant shall convey to the Association the Common Areas, if any, contained within the Additional Property, or such portion thereof so submitted, such conveyance to be subject to the lien of taxes not yet due and payable, all easements and restrictions of record, utility easements serving or otherwise encumbering the Property and/or the Additional Property, and any exceptions which would be disclosed by a survey or physical inspection of such parcel(s). Any such amendment shall expressly submit the Additional Property or such portion thereof to all the provisions of this Declaration, and upon the exercise, if any, of such option or options, the provisions of this Declaration shall then be construed as embracing the real property or such portion or portions 9

the benefit of Declarant, any Owner, or the holder of any Mortgage, irrespective of when such Mortgage is executed or given. (b) The rights and easements reserved to Declarant in Sections 3.03(c), 3.04, 3.05, 3.06, 3.07, 3.10, 3.11, and 3.14 hereof. (c) The right of the Association to grant and accept easements as provided in Section 3.07 hereof and to dedicate or transfer fee simple title to all or any portion of the Common Areas to any public agency or authority, public service district, public or private utility, or other person, provided that any such transfer of the simple title must be approved by a majority of those present in person or by proxy at a duly held meeting of the Association and by Declarant, for so long as Declarant owns any Lot or Dwelling primarily for the purpose of sale or has the unexpired option to add the Additional Property or any portion thereof to the Development. (d) The rights and easements reserved in Section 3.04 hereof for the benefit of the Association, its directors, officers, agents, and employees. (e) The rights and easements reserved in Section 3.11 hereof for the benefit of the Additional Property. 3.03 Recreational Amenities, Common Areas, and Marina. (a) Subject to the terms and provisions of this Declaration and the rules, regulations, fees, and charges from time to time established by the Declarant or the Board of Directors, every Owner and his family, tenants, and guests shall have the non-exclusive right, privilege, and easement of access to and the use and enjoyment of the Common Areas and Recreational Amenities and the Marina. (b) In the event of any multiple ownership of a Lot or Dwelling which is permitted hereunder by Section 10.26 hereof, no more than four (4) Owners of such Lot or Dwelling, as well as his/her spouse and children under the age of twenty-one (21), shall be entitled to the use of the Recreational Amenities, and such Owner shall be designated in writing to the Board of Directors by all such co-owners. (c) In addition to the rights of Owners with respect to the access to and use and enjoyment of the Recreational Amenities and the rights therein of owners of dwellings within the Additional Property as provided in Section 3.11 hereof, Declarant reserves the right to from time to time designate individuals who shall have access to and use of the Recreational Amenities on a basis which is equal and equivalent to that which is enjoyed by Owners. Declarant shall 13

(f) Unless otherwise permitted by the Dataw Island Design Guidelines in designating the location of improvements on adjoining Lots, an easement is hereby reserved on, over and across that area within five (5) feet of the side boundary line of each Lot, adjacent to the boundary line along which the privacy wall is to be constructed, for the construction, maintenance, and repair of the privacy wall and Dwelling on the adjoining Lot. The use of said easement area by an adjoining Lot owner shall not exceed a reasonable period of time during construction nor shall it exceed a period of thirty (30) days each year for essential maintenance. Any shrubbery or planting in the five foot easement area that is removed or damaged by the adjoining Lot Owner during the construction, maintenance, or repair of his privacy wall or Dwelling, shall be repaired or replaced at the expense of said adjoining Lot Owner. In addition, an easement and right of ingress and egress is hereby reserved across the Lot upon which said maintenance easement is located for the benefit of the Owner of the privacy wall to gain access to and from said maintenance easement area. (g) Except for improvements as permitted by the Dataw Island Design Guidelines, a landscape easement is hereby reserved to the adjacent lot owner on, over and across that area within three (3) feet of the side boundary line of each Lot, adjacent to the boundary along which the privacy wall is constructed for landscaping. The within landscape easement shall exist only for the purpose of planting and maintaining plants and plant materials after construction of the privacy wall. No underground irrigation pipes or devices shall be allowed on the within described landscape easement. ARTICLE IV MEMBERSHIP 4.01 Membership. Every Owner shall be deemed to have a membership in the Association. Membership shall be appurtenant to and may not be separated from ownership of any Lot or Dwelling, and ownership of a Lot or Dwelling shall be the sole qualification for such membership. In the event that fee title to a Lot or Dwelling is transferred or otherwise conveyed, the membership in the Association which is appurtenant thereto shall automatically pass to such transferee, notwithstanding any failure of the transferor to endorse to his transferee any certificates or other evidences of such membership. The foregoing is not intended to include Mortgagees or any other persons who hold an interest merely as security for the performance of an obligation, and the giving of a security interest shall not terminate or otherwise affect an Owner's membership in the Association. Notwithstanding any of the foregoing to the contrary, no Owner, whether one or more persons, shall have 21

yard, rabbit hut, dog houses or other similar yard structure be constructed or allowed to remain on any Lot or Dwelling or within any Multi-Family Area. During the continuance of construction by an Owner or a Multi-Family Association, such Owner or Multi-Family Association shall require its contractors to maintain the Lot, Dwelling, or Multi Family Area in a reasonably clean and uncluttered condition and, to the extent possible, all construction trash and debris shall be kept within refuse containers. Upon completion of construction, such Owner or Multi-Family Association, as the case may be, shall cause its contractors to immediately remove all equipment, tools, and construction material and debris from the Lot, Dwelling, or Multi-Family Area on which such construction has been completed. 10.05 Architectural Approval. To preserve the architectural and aesthetic appearance of the Development, no construction of improvements of any nature whatsoever shall be commenced or maintained by any Owner or Multi-Family Association, other than ALCOA SOUTH CAROLINA, INC., with respect to the construction or exterior of any Dwelling or with respect to any other portion of the Development, including, but not limited to, the construction or installation of sidewalks, driveways, parking lots, mailboxes, decks, patios, courtyards, swimming pools, tennis courts, greenhouses, playhouses, awnings, walls, fences, docks, wharves, bulkheads, boat slips, boathouses, exterior lights, " garages, guest or servants' quarters, or other outbuildings, nor shall any exterior addition to or change or alteration therein be made (including, without limitation, painting or staining of any exterior surface), unless and until two (2) copies of the plans and specifications and related data (including, if required by the Architectural Review Board, a survey showing the location of trees of four (4) inches in diameter at a height of four (4) feet and other significant vegetation on such Lot, Dwelling, or Multi-Family Area) showing the nature, color, type, shape, height, materials, and location of the same shall have been submitted to and approved in writing as to the harmony of external design, location, and appearance in relation to surrounding structures, vegetation and topography by the Architectural Review Board. One copy of such plans, specifications, and related data so submitted shall be retained in the records of the Architectural Review Board, and the other copy shall be returned to the Owner or Multi-Family Association marked "approved" or "disapproved." The Architectural Review Board shall establish a fee sufficient to cover the expense of reviewing plans and related data and to compensate any consulting architects, landscape architects, urban designers, engineers, inspectors, and/or attorneys retained in accordance with the terms hereof. Notwithstanding the foregoing, an Owner may make interior improvements and alterations within his Dwelling and a Multi-Family 42

IN /J'JTNESS WHEREOF, duly authorized officers of the undersigned Declarant have executed this Declaration under seal this.21 day of December, 1998. WITNESSES: ALCOA SOUTH CAROLINA, INC. STATE OF SO UTH CAROLINA ) COUNTY OFBEAUFORT ) PROBATE PERSONALLY appeared before me the undersigned witness who on oath says that he/she was the within named ALCOA SOUTH CAROLINA, INC. by Philip H.. Leroy, and attested by Charlie C Byers, sign, seal and as its act and deed deliver the within written Amendment, and that s/he, with the second witness whose signature appears above, witnessed the execution thereof. SWORN to before me this 21 Day of December 1998 Notary Public for South Carolina My commission expires 9/29/2008 72