Beach Colony Resort.

“Nothing contained in this Master Deed shall be deemed to allow any person or entity to commit a UNIT to Interval Ownership or other form of timesharing. Notwithstanding the foregoing, nothing contained herein shall be deemed to restrict the rental of any UNIT on a nightly basis.”Master Deed, Article XVI, page 8

“Except for the COMMERCIAL UNIT(S), its LIMITED COMMON ELEMENTS and easements, each UNIT is hereby restricted to residential use by the owner or owners thereof, their immediate families, guests, invitees and lessees ...”Master Deed, Article XVI, pages 7-8 (sentence continues with the Grantor's sales-office proviso)

“Owners, including off-site landlords, will be responsible for the actions of their Tenants and are to provide their Tenants with a copy of this Policy and Rule Manual. Owners are to provide a copy of this Policy and Rule Manual to their Rental Agent, if other than the on-site rental company.”Policy and Rule Manual revised Dec 2021, Introduction, page 2

“Members are asked to notify management of changes of address, phone numbers, rental status (owner occupied, tenant occupied, rental under a hotel management rental plan, etc.) in writing. It is essential that an up-to-date list of Tenants of hotel guest's rental program be maintained.”Policy and Rule Manual revised Dec 2021, Introduction, page 2

“Rental companies are required to provide identification tags to their guests which must be displayed by hanging the tags on the rear view mirror. The Association will acquire hanging tags from BCR, Inc. and distribute to homeowners who serve as their own rental agent.”Policy and Rule Manual revised Dec 2021, Parking Policy, page 6

“A copy of the written long-term rental or lease agreement must be filed with our Association Management Company at or before the beginning of each rental or lease period.”Policy and Rule Manual revised Dec 2021, Leased Units, page 10

“Long-term rentals are for a one-year period or longer.”Policy and Rule Manual revised Dec 2021, Leased Units, page 10

“Check Out: Established by the rental managers or unit owners.”Policy and Rule Manual revised Dec 2021, Guest Information, page 13

“All present or future owners, tenants, or any other person who might use the facilities of the CONDOMINIUM in any manner, are subject to the provisions of this Master Deed and all documents appurtenant hereto and incorporated herewith, and the mere acquisition or rental of any UNIT, or the mere act of occupancy of any UNIT, shall signify that the provisions of this Master Deed are accepted and ratified in all respects.”Master Deed, Article XXXV, page 25

“The amendment or amendments proposed must be approved by an affirmative vote of fifty-one (51%) percent of the Owners in order for such amendment or amendments to become effective.”Master Deed, Article XXXIII, page 23

“The Board may adopt, amend and repeal the Rules established herein as allowed by the governing documents. (Article XVII By-Laws)”Policy and Rule Manual revised Dec 2021, Introduction, page 2

“Renovation work was permitted in the off-season only (September 30 through April 1). Owners may replace appliances year-round.”2024 Annual Members' Meeting Minutes (March 9, 2024), Item 6.E Maintenance & Bulk Service Update, page 4

“Where a corporation is a Parcel Owner, the use of said recreational facilities shall be limited at any one time to such Officer, Director or employee of said Corporation who is in actual residence or possession of the UNIT and such individual shall be deemed to be the condominium Parcel Owner for the purposes of this paragraph.”Master Deed, Article XVI, page 8

“No owner of any UNIT shall permit or suffer anything to be done or kept in his UNIT, on the COMMON ELEMENTS or on the LIMITED COMMON ELEMENTS, which will increase the rate of insurance on the CONDOMINIUM, or which will obstruct or interfere with the rights of other occupants of the building or annoy them by unreasonable noises”Master Deed, Article XVIII, page 9

“Where a party owns one Condominium UNIT and leases same, the lessee shall be entitled to the use of the recreational facilities and said lessee's rights thereto shall be the same as though said lessee were the UNIT Owner and during the term of lease, the UNIT Owner and his family shall not be entitled to the use of the recreational facilities.”Master Deed, Article XVI, page 8

“The recreational facilities include the swimming pools, the spas, the lazy river, the sauna, ocean front decking, the exercise room, shuffleboard court and the racquetball court.”Policy and Rule Manual revised Dec 2021, General Rules Pertinent to Recreational Facilities, page 5

“All homeowners and guests must wear the Association's pool wrist bands the entire time they are in the pool areas, effective March 15 to December 15 each year, depending which pool you are using.”Policy and Rule Manual revised Oct 2020 (SUPERSEDED - section deleted in the Dec 2021 revision), Wrist Bands for Pools and Spas, page 7

“Any vehicle parked in the parking garage, or in the parking areas at the front of the building, must have a parking tag/decal which has been issued by the Rental Company or Association personnel.”Beach Colony Resort Parking Rules (June 23, 2018), page 1

“The fine for parking violations will be $50.00 per day. The cost of any parking fine shall be added to the guest's final bill.”Beach Colony Resort Parking Rules (June 23, 2018), page 1

“Because of space limitations, each unit shall be limited to two (2) parking spaces while the owner or guest is in residence.”Policy and Rule Manual revised Dec 2021, Use of Parking Garage, page 12

“Renters cannot bring motorcycles or mopeds, or similar motorized vehicles, onto the property.”Policy and Rule Manual revised Dec 2021, Motorcycles/Mopeds, page 12

“Golf carts are not permitted by either an owner or a guest.”Policy and Rule Manual revised Dec 2021, Parking Policy, page 6

“Neither the unit owners' family members nor their guests are allowed to have pets on the common areas at any time.”Policy and Rule Manual revised Dec 2021, Pet Policy, page 6

“Please note: If the owner has a keyless entry system, access can be gained via the on-site rental company. (See Master Deed XIX)”Policy and Rule Manual revised Dec 2021, Access to Units, page 10

“Guests creating any sort of disturbances will be asked to vacate the premises.”Policy and Rule Manual revised Dec 2021, General Rules Pertinent to Recreational Facilities, page 6

“Throwing any objects from the balconies will result in immediate eviction.”Policy and Rule Manual revised Dec 2021, General Rules Pertinent to Recreational Facilities, page 6

“Do not use the HOA trash rooms, trash chutes, or compactor. You MUST haul your own trash off each day.”Policy and Rule Manual revised Dec 2021, Contractors and Subcontractors Rules and Regulations, item 8, page 9 (applies to contractors)

“As your on-site rental management company, we work side by side with your HOA Board and Ally Management to make our resort one of the most sought-after vacation destinations on the Grand Strand!”HOA Information Sheet (January 2024), page 2 (BCR, Inc. section)

“In the event of an emergency, Owners, Tenants or Guests may obtain assistance by calling one of the following: 1. The Front Desk 2. The Management Company, [phone withheld] 3. The Security Person on Duty 4. Police, Fire, Paramedics, 911”Policy and Rule Manual revised Dec 2021, Emergency Procedures, page 11 (phone number withheld)

“The first level in the parking garage is reserved for vehicles taller than 6'2". The Resort can be accessed from levels 3, 4, and 5 in the parking deck.”Policy and Rule Manual revised Dec 2021, General Rules Pertinent to Recreational Facilities, item 7, page 6

“The Owner of the Unit is solely responsible for the conduct of his or her Tenants and Guests. Owners are financially liable for any damage to Association property caused by their Guests as well as themselves. Owners using a rental agent should make the agent aware of liability.”Policy and Rule Manual revised Dec 2021, General Rules Pertinent to Recreational Facilities, item 2, page 5

“The Master Deed requires the Association to maintain a key (or access code) to each unit for emergency access. When changing the lock on your unit (excludes the keyless entry system), the Board of Directors requests that a key (or access code) be provided to the office of the Association. The key will be kept in a lock box.”Policy and Rule Manual revised Dec 2021, Access to Units, page 10

“If a locksmith must be called to gain entrance to a Unit, the Owner will be assessed for the cost of that service.”Policy and Rule Manual revised Dec 2021, Emergency Procedures, page 11

“A late fee of $75 plus a $15 administrative fee is assessed after this thirty day period, and if not paid within sixty (60) days, an additional assessment of $90 per month is now levied and a collection attorney may be assigned the past due account. Unless some agreement is reached between the Board of Directors and the delinquent owner as to payments, after ninety (90) days, a lien against the property will take place. Foreclosure proceedings will be initiated after one hundred twenty (120) past due days has elapsed.”Policy and Rule Manual revised Dec 2021, Delinquency in Assessments, page 4

“Cable television service shall be disconnected to a unit for that unit owner's non-payment of an assessment. A $25.00 reconnection fee shall be paid by the owner, in addition to the payment of the full amount of the past due assessment including late fees and attorney fees, prior to the cable television service being reconnected.”Policy and Rule Manual revised Dec 2021, Cable Television Disconnect and Reconnect Policy, page 4

“Violations to any of the above will subject the violator to fines beginning at one hundred ($100.00) dollars per incident.”Policy and Rule Manual revised Dec 2021, Pet Policy, page 7

“Contractors must register with the rental desk before any work may begin. Failure to do so may preclude you or your company from working in the building or on this property in the future (See attachment B).”Policy and Rule Manual revised Dec 2021, Contractors and Subcontractors Rules and Regulations, item 1, page 8

“Permissible Work Hours are 9:00 a.m. - 6:00 p.m., Monday through Saturday only.”Policy and Rule Manual revised Dec 2021, Contractors and Subcontractors Rules and Regulations, item 12, page 9

“All keys must be returned to the Lobby Front Desk daily. Do not leave the property with unit keys, or you will be locked out of the unit being worked on.”Policy and Rule Manual revised Dec 2021, Contractors and Subcontractors Rules and Regulations, item 9, page 9

“Where an Owner causes damages to the Project and where that damage is covered by insurance acquired by the Association, but where that insurance is inadequate to cover the total cost of repair or replacement or there is a deductible, the Owner causing the damage will be responsible for payment up to the extent of the deficiency in coverage (includes insurance deductible).”Policy and Rule Manual revised Dec 2021, Owner Liability, page 11

“The Owner or Owners of each UNIT shall be liable for the expense of any maintenance, repair or replacement rendered necessary by his act, neglect or carelessness, or by that of any member of his family, or his or their guests, employees, agents or lessees, but only to the extent that such expense is not met by the proceeds of insurance carried by ASSOCIATION.”Master Deed, Article XXXIV.B, page 24

“Vehicles improperly parked in fire zones, out front or in the parking garage will be towed within thirty (30) minutes of the notice being made to the front desk, who have the responsibility to immediately contact the guest or owner.”Policy and Rule Manual revised Dec 2021, Security Towing Policy, page 9

“Bed Bug elimination charges for the inspection and treatment of infected unit(s) shall be the unit owner's responsibility.”Policy and Rule Manual revised Dec 2021, Treatment of Bed Bugs - Payment Responsibility, page 14

“In case of any emergency originating in or threatening any UNIT, regardless of whether the owner is present at the time of such emergency, the Board of Directors of Association or any other person authorized by it, or the building Superintendent or Managing Agent, shall have the right to enter such UNIT for the purpose of remedying or abating the cause of such emergency, and such right of entry shall be immediate, and to facilitate entry in the event of any such emergency, the owner of each UNIT, if required by the ASSOCIATION, shall deposit under the control of the ASSOCIATION a key to such UNIT.”Master Deed, Article XIX, page 9

“Since the power to operate these pieces of equipment is paid for by the Association, but the equipment is owned by the unit owner, it is necessary that owners ensure their equipment is properly maintained for efficient operation.”Policy and Rule Manual revised Dec 2021, HVAC and Water Heater Summary, page 7

“In lieu thereof and in addition thereto, the ASSOCIATION shall have the right to levy an assessment against the Owner of a UNIT, and the UNIT, for such necessary sums to remove any unauthorized addition or alteration and to restore the property to good condition and repair.”Master Deed, Article XXV, page 11

“In any proceeding arising because of an alleged default by the Owner of any UNIT, the ASSOCIATION, if successful, shall be entitled to recover the costs of the proceedings, and such reasonable attorney's fees as may be determined by the Court, but in no event shall the Owner of any UNIT be entitled to such attorney's fees.”Master Deed, Article XXXIV.C, page 24

“Whenever it is necessary to enter any UNIT for the purpose of performing any maintenance, alteration or repair to any portion of the COMMON ELEMENTS or LIMITED COMMON ELEMENTS, the owner of each UNIT shall permit other owners or their representatives, or the duly constituted and authorized Agent of ASSOCIATION, to enter such UNIT, provided that such entry shall be made only at reasonable times and with reasonable advance notice.”Master Deed, Article XX, page 9

“At Beach Colony, we have two types of regular assessments, regular maintenance assessment paid quarterly and insurance assessment paid starting in June for 3 months when the Association receives its correct insurance renewals. At the current time, it is the policy of this Association to fully fund (100%) the anticipated reserves for future replacement of capital equipment.”Policy and Rule Manual revised Dec 2021, Regular Assessments, pages 3-4

“The HOA purchases three types of insurance on behalf of the resort and for all units/owners. The assessments for purchasing these insurance policies are paid separate from your quarterly assessments. These insurance assessments are due June 1, July 1 and August 1 or can be paid in one payment.”Insurance Explanation, page 1

“Insurance assessments are not included in the Association's regular assessments by design.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 9 - Insurance Assessments, page 20

“Since the HOA does not provide a blanket HO6 policy (general liability in unit, loss of use/rent, personal items, etc.) for individual unit owners, owners should obtain personal HO6 coverage.”Insurance Assessment Notice (June 1, 2025), page 1

“We are pleased to announce that the Association successfully renewed its property policy on April 10, 2025. The renewal terms remained essentially unchanged, with no significant increases in costs.”Insurance Assessment Notice (June 1, 2025), page 1

“Total Insurance Assessment Amount: $551,590”Insurance Assessment Notice (June 1, 2025), 2025 Insurance Assessment Computation, page 1

“*Deductibles: $10,000 All Other Perils Per Occurrence Except: $50,000 Water Damage Per Occurrence $500,000 Named Windstorm and Hail Per Occurrence $100,000 All Other Windstorm & Hail Per Occurrence 2% Earthquake Per Unit Per Occurrence/$25,000 Minimum Per Occurrence”Insurance Assessment Notice (June 1, 2025) - Certificate of Property Insurance, page 4

“Flood: American Bankers Ins Co of FL - Policy #6003578777 - 5/28/2025-5/28/2026; $60,000,000 Building Limit; $1,250 Deductible”Insurance Assessment Notice (June 1, 2025) - Certificate of Property Insurance, page 4

“The Master HO-6 Policy will be an Association expense and will apply to all 240 residential units, thus relieving each unit owner of the task of acquiring his or her individual policy.”Policy and Rule Manual revised Dec 2021, Owner Liability, page 10

“A homeowner may not opt out of the Master HO-6 Policy.”Policy and Rule Manual revised Dec 2021, Owner Liability, page 11

“She explained the two HO-6 values: 1) blanket and 2) upgrades. She next encouraged owners to revisit their HO-6 policy to ensure they had adequate coverage for any upgrades in their units.”2024 Annual Members' Meeting Minutes (March 9, 2024), Item 6.B Insurance Summary, page 2

“2026 Insurance Assessments will be billed after renewal premiums have been recevied”2026 Operating Budget approved 10/13/2025, page 1, footnote under the dues breakdown

“In a previous update we indicated that our resort insurance could go up 40-45% vs last year primarily due to the increased appraisal of the value of our resort. The resort value increased from around $56m to around $89m.”Spring 2026 Update letter, Item 4 Resort Insurance, page 2

“By reminder, the payment for this insurance is not included in your standard quarterly assessments. The resort insurance is billed separately by the HOA and for this year will be done over four months instead of the usual three-month installments.”Spring 2026 Update letter, Item 4 Resort Insurance, page 2

“Currently, we have a little over $2m in our reserve and are adding about $374k per year. The board does not have enough information currently to determine how best to financially address this need. There are possibilities to spread some of this out over time, and/or finance some of this need or other options.”Spring 2026 Update letter, Item 2 Parking Deck Repairs, page 2

“[The engineer] gave a very rough estimate of $2 to $2.5 million in costs and about six months to complete if all work is done at once.”Spring 2026 Update letter, Item 2 Parking Deck Repairs, page 1 (engineer's name withheld)

“So far, the total amount of money paid to date for all the work performed is around $150,000. This includes a deposit towards the new pool flooring and pool resurfacing, new storefront windows already installed, and wall repair/rebuild in a portion of the indoor pool. We are awaiting additional quotes for the remaining work related to wall repairs.”Spring 2026 Update letter, Item 1 Indoor Pool Renovation and Repairs, page 1

“The good news is we have recently completed major upgrades to include replacing our 40-year-old elevators with a cost of $1m, resealing and repairing the outside of the entire resort for $1m. Now it is time to address our ageing parking garage.”Spring 2026 Update letter, Item 2 Parking Deck Repairs, page 2

“Accumulated net funds, which total $326,065 at December 31, 2023 and $776,581 (including $32,629 due from the operating account) at December 31, 2022 is presented on the accompanying balance sheet as a contract liability (assessments received in advance - reserve fund) and are held in separate accounts and generally not available for operating purposes.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 7 - Major Repairs and Replacements, page 19

“In 2022, the Association entered into a ninety-nine (99) year agreement to sell telecommunication equipment which is located within the common areas of the Association. The agreement called for the Association to receive a gross lump-sum payment of $1,801,652, which will be recognized as cell tower agreement revenue over the life of the agreement.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 10 - Deferred Revenue - Cell Tower Agreement, page 20

“The following is based on a study performed by an outside engineering firm in a prior year and presents significant information about the components of common property.”2024 Annual Meeting Packet - Supplementary Information on Future Major Repairs and Replacements (un-audited), 12/31/2023, page 23 (estimated current replacement costs total $7,000,235; elevators $1,959,000, building exterior $1,672,078, building mechanical $1,414,220, parking garage $195,400)

“At December 31, 2023 and 2022, the Association recognizes an allowance for doubtful accounts of $61,639 and $23,849, respectively, which has been netted against assessments receivable as presented on the balance sheet. For the years ended December 31, 2023 and 2022, the Association recognizes net bad debt expense of $36,927 and $23,849, respectively, which is presented on the statements of revenues and expenses and changes in fund balances.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 8 - Assessments & Allowance for Doubtful Accounts, page 20

“Regular quarterly assessments to the residential unit owners ranged from $1,056 to $3,309 in 2023 and 2022. Regular quarterly assessments to the commercial unit owners ranged from $1,760 to $6,004 in 2023 and 2022.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 8, page 20

“The Board is expecting an increase around 30-40%. It was noted that the building insurance will be combined with the 2024 Operating Budget and Ally Management will be working to build funds in an insurance escrow account.”Board Meeting Minutes January 13, 2023, Item 7.C Building Insurance Renewal, page 3

“Should the Board of Directors at any time determine, in the sole discretion of said Board of Directors, that the assessments levied are or may prove to be insufficient to pay the costs of operation and management of the CONDOMINIUM, or in the event of emergencies, said Board of Directors shall have the authority to levy such additional assessment or assessments as it shall deem to be necessary.”Master Deed, Article XXX.C, page 18

“Notwithstanding the foregoing, the Owner(s) of the commercial Unit(s) shall be billed separately by the ASSOCIATION for the actual cost of utilities consumed by their UNITS.”Master Deed, Article XXX.A, page 18

“By reminder, these cages will be made available to owners at a rental fee of around $400/year. The fees are to cover the costs for the cages, maintenance and upkeep of the cage area and to offset costs for the new fitness room in the main hallway.”Spring 2026 Update letter, Item 5 Climate-controlled Storage Lockers, page 3

“Reserve - Investment CD's with Schwab Account 1,002,017”2024 Annual Meeting Packet - Reserve Balance Sheet as of 1/31/2024 (unaudited), page 26 (total reserve assets $2,075,834; deferred cell tower lease $1,780,420; reserve equity $283,929)

“However, these funds may be used, as needed, for any Association purpose at the discretion of the Board of Directors.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 7 - Major Repairs and Replacements, page 19

“The estimates for current replacement costs include no provision for the future effects of inflation. Actual expenditures, however, may vary from the estimated amounts and the variations may be material. Therefore, amounts designated for future repairs and replacements may not be adequate to meet future needs.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 7 - Major Repairs and Replacements, page 19

“(a) casualty insurance covering all of the UNITS, COMMON ELEMENTS and LIMITED COMMON ELEMENTS, in an amount equal to the maximum insurance replacement value thereof, exclusive of excavation and foundation costs, as determined annually by the insurance carrier”Master Deed, Article XXVII(a), page 12

“"Walls In" & Ordinance or Law Per Policy Form Replacement Cost Valuation Coinsurance: N/A”Insurance Assessment Notice (June 1, 2025) - Certificate of Property Insurance, page 4, Description of Operations

“If the proceeds of said casualty insurance are sufficient to pay for the repair, replacement or reconstruction of any loss of or damage to COMMON ELEMENTS and LIMITED COMMON ELEMENTS, but should the same not be sufficient to repair, replace or reconstruct any loss of or damage to any UNIT or UNITS, then ASSOCIATION shall levy and collect an assessment from the owner or owners of the UNIT or UNITS sustaining any loss or damage”Master Deed, Article XXVII, page 15

“The owner of each UNIT may, at his own expense, obtain insurance coverage for loss of or damage to any furniture, furnishings, personal effects and other personal property belonging to such owner and may, at his own expense and option, obtain insurance coverage against personal liability for injury to the person or property of another while within such owner's UNIT”Master Deed, Article XXVI, page 12

“When in default, the Board of Directors may accelerate the remaining installments of the annual assessment or maintenance fee upon notice thereof to the UNIT owner, whereupon the entire unpaid balance of the annual assessment or maintenance fee shall become due upon the date stated in the notice, which shall not be less than ten (10) days after the date of the notice.”Master Deed, Article XXX.G, page 19

“The payment is considered past due if not received and posted at the lock box in Las Vegas, NV by the last business day of the that month. A homeowner delivering an assessment check to the Office of the Association in Myrtle Beach on the last day, or near the last day, of that month does not relieve the homeowner of the responsibility of the payment being received and posted in Las Vegas, Nevada in time to avoid a late fee/delinquency fee.”Policy and Rule Manual revised Dec 2021, Delinquency in Assessments, page 4

“Owners who are enrolled in Ally Management's ACH draft program will not receive a payment coupon. Your assessment will be drafted in July, August, and September along with your quarterly dues payment, unless you notify the Association Office with another desired payment option.”Insurance Assessment Notice (June 1, 2025), page 2

“Building and other common property repairs & replacements - 1,120,057 1,120,057 1,113,510”2024 Annual Meeting Packet - audited financial statements FY2023, Statement of Revenues and Expenses, Major repairs and replacements line, page 15 (2023 and 2022 columns)

“Cash & cash equivalents, beginning of year 951,904 2,567,241 3,519,145 2,369,558 Cash & cash equivalents, end of year $ 1,007,739 $ 2,260,664 $ 3,268,403 $ 3,519,145”2024 Annual Meeting Packet - audited financial statements FY2023, Statement of Cash Flows, page 16 (operating / reserve / 2023 total / 2022 total)

“Provided, however, that no action shall be permitted which would limit the owners of the COMMERCIAL UNIT(S) from carrying on its permitted activities.”Master Deed, Article XIV, page 7

“Provided the COMMERCIAL UNIT(S) may be used as an office for the purpose of general rentals, management, sales, uses to serve Phase I, Phase II (if added) and/or other unrelated properties as well as a restaurant, lounge, bar and grill, game room and other commercial uses.”Master Deed, Article XVI, page 8

“The owner of the COMMERCIAL UNIT may also erect such signs as it may choose on the COMMON ELEMENTS to advertise its permitted activities, so long as they are reasonable in size and design.”Master Deed, Article IX, page 5

“An Owner of a COMMERCIAL UNIT may, without consent of the Board of Directors of the ASSOCIATION, make such changes in the COMMERCIAL UNIT (including the LIMITED COMMON ELEMENTS appurtenant thereto) as it deems advisable so long as such change does not affect the structural integrity of the building in which they are located.”Master Deed, Article XXI, page 10

“Each Owner or group of Owners shall be entitled to a vote equal to the percentage ownership of COMMON ELEMENTS and LIMITED COMMON ELEMENTS as reflected in Exhibit B of the Master Deed. The vote of a Condominium Unit is not divisible.”Master Deed, Article XV, page 7

“An amendment or amendments to this Master Deed may be proposed by the Board of Directors of ASSOCIATION acting upon a vote of the majority of the Directors, or by the members of ASSOCIATION owning a majority of the UNITS in the CONDOMINIUM, whether meeting as members or by instrument in writing signed by them.”Master Deed, Article XXXIII, page 22

“This Master Deed and said Plan of Condominium Ownership may only be terminated by the unanimous consent of all of the owners of all UNITS and all of the parties holding mortgages, liens or other encumbrances against any of said UNITS, in which event the termination of the CONDOMINIUM shall be by such plan as may be then adopted by said Owners and parties holding any mortgages, liens or other encumbrances.”Master Deed, Article XXXI, page 22

“The power of the Owner to designate Directors as above referred to shall terminate on the 1st day of April, 1996, or upon the sale of all UNITS in Phases I and II, whichever occurs first.”Master Deed, Article XXXVI, page 25

“Following the tabulation of the ballots and proxies, it was reported that [three nominees] had been elected to serve two (2) year term positions on the Board.”2024 Annual Meeting Packet - 2023 Annual Members' Meeting Minutes (March 11, 2023), Item 7 Election of Directors, page 4 (names withheld)

“It was announced that 54% of the membership was represented in person and by proxy, and therefore the quorum requirement for the meeting had been met.”2024 Annual Members' Meeting Minutes (March 9, 2024), Item 4, page 1

“The Association is a party to various legal actions normally associated with homeowner associations, such as the collection of delinquent assessments and covenant compliance matters, the aggregate effect of which, in management's opinion, would not be material to the future financial condition of the Association.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 5 - Contingencies, page 19

“Based on recent owner input, it has been suggested to create a committee to review our Master Deed, By-Laws and Policies and Rules documents. These documents define how the HOA must manage and govern itself. The original documents were created in 1985 by the original developer and have not had any significant review or updates and many years.”Spring 2026 Update letter, Item 3 Governing Documents Review Committee, page 2

“Given this guidance, the Board agreed to create the committee.”Spring 2026 Update letter, Item 3 Governing Documents Review Committee, page 2

“[The President] shared that 2023 was the first full year of Vacation Myrtle Beach doing the common area maintenance for the HOA.”2024 Annual Members' Meeting Minutes (March 9, 2024), Item 6.D Status of Beach Colony Resort, page 3 (name withheld)

“[The engineer] indicated that the issues regarding the cracks are in walls that are NOT load bearing. The parking deck and indoor pool areas are structurally sound.”Spring 2026 Update letter, Item 1 Indoor Pool Renovation and Repairs, page 1 (name withheld)

“Effective December 31, 2022, the Association's contract with its former management company ended and the Association hired Ally Management, Inc. as their new property management company.”2024 Annual Meeting Packet - audited financial statements FY2023, Note 12 - Management Company, page 21

“Failure to comply with any of the terms of this Master Deed or other restrictions and regulations contained in the Articles of Incorporation, By-Laws of ASSOCIATION, or its rules and regulations, shall be grounds for relief which may include without intending to limit the same, an action to recover sums due for damages, injunctive relief, foreclosure of lien or any combination thereof and which relief may be sought by ASSOCIATION, or, if appropriate, by an aggrieved owner of a UNIT.”Master Deed, Article XXXIV.A, page 24

“This prohibition against subdividing shall not apply to any commercial Unit in Phase I or any subsequent Phase.”Master Deed, Article VII, page 4

“Owner and Tenant rosters, excluding phone numbers and emails, are available to Owners for a purpose reasonably related to such person's interest as an association member, but not for any commercial purpose.”Policy and Rule Manual revised Dec 2021, Introduction, page 2