Block 9 Master Condominium Association

“F. Scott Neal and Paul Noah have a business relationship.”

“The Block 9 Master Condominium Association is managed by the Kilbourne Group which is paid $7,000 per month for management services.”

“The Association has a limited number of members (Master Members); membership is limited to the owners of space within the mixed-use building and are separated into 5 categories representing the different types of space (Hotel, Retail, RDO Class, Residential Condominium, Class A Office Space). Each of the members of the association will pay dues that maintain the common areas and the building. The Hotel Class Master Members must appoint three directors, the Office Class Master Members must appoint two directors, the RDO Class Master Member must appoint three directors, the Residential Class Master Member must appoint two directors, and the Retail Class Master Member must appoint one director.”

“Until the end of the Master Declarant Control Period (Control Period), Block 9 Partners LLC, the sole owner of the property has the power to appoint three board members. The Control Period will end 1) on the date the Master Declarant surrenders the right to appoint directors; 2) five years after the date the Master Declaration is recorded in county land records; or c) the date the Master Declarant has conveyed 80% of the units to purchasers. After the Control Period, the Hotel Class Master Members must appoint three directors, the Office Class Master Members must appoint two directors, the RDO Class Master Member must appoint three directors, the Residential Class Master Member must appoint two directors, and the Retail Class Master Member must appoint one director.”

“Amendments to the Articles of Incorporation and Bylaws require unanimous approval by the Members.”

“There are no committees that are able to act on behalf of the board.”

“A draft of the Form 990 is provided to the Board of Directors prior to filing for review.”

“The governing documents, conflict of interest policy, and financial statements are not made available to the general public.”

“RPS Maintenance Team: Program service expenses 28,388. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,388. Window Cleaning: Program service expenses 67,497. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,497. FLS Monitoring: Program service expenses 14,558. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,558. Fees for Services: Program service expenses 38,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,325.”