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MOSS & BARNETT A PROFESSIONAL ASSOCIATION Page 2 February 16, 1993 amendment to the general declaration is to be reflected as a memorial on all five Certificates of Title which are involved in this development (the two Evans Certificates of Title, and the Certificates for parts of the parcels owned by Mr. and Mrs. Perkins, Mr. and Mrs. Harren, and the newly formed Landmark Drive Homeowners Association). The amendment to the road declaration will be reflected as a memorial on the Certificates of Title covering the two newly replatted Evans buildable lots, part of the Perkins property, and part of the road parcel owned by the Association. We have deposited in our trust account today two checks, totalling $12,500.00, pursuant to an escrow arrangement with Mr. Burger's counsel. A copy of my letter and Mr. MacKinnon's response thereto, confirming that arrangement, is enclosed to each of you for your information. The members of the Homeowners Association will need to hold an organizational meeting and elect directors, and those directors will need to elect officers of the Homeowners Association. I suggest that you proceed promptly to do this in order that the Homeowners Association will be fully functional. Messrs. Evans, Harren and I have been serving initially as Directors of the Homeowners Association, and initially Mr. Evans is serving as President, Mr. Harren is serving as Vice President and Treasurer, and I am serving as Secretary, of the Homeowners Association. Each of us has resigned our directorship and officership positions, effective as of the commencement of the initial meeting of the members of the Association. I have provided copies of the Articles of Incorporation and Bylaws of the Association, and the initial Resolutions of the Directors of the Homeowners Association and the Resignation of the Directors and Officers, to Messrs. Harren and Evans. Although it appears that the hardest work is now completed, there are still some loose ends which will need attention. First, the Homeowners Association has fee title to the road parcel, but that parcel is still subject to a recorded contract for deed in favor of Landmark Construction, Inc., and Landmark still has a mortgage of record against the property in favor of Builders Development & Finance, Inc. Mr. MacKinnon has requested that the Trustee in Bankruptcy for Landmark abandon the property and the rights of Landmark under the original general declaration. When that is completed it will be necessary to obtain and record a conveyance of those rights and that interest in the road parcel from Landmark Construction to the Association, and a release or satisfaction of the mortgage. Another matter yet to be completed is that I will need a federal taxpayer identification number for the Association. I understand that Mr. Harren is applying for that number and will provide it to me when it is available. A third item requiring attention is that apparently do not have a record interest in their them to urge them to attend to that promptly. Dr. and Mrs. Kyle still property, and I have written