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1 M/11/28te 11:.:4'5.., tt:;:1". F_ $10,. Paae 1 of bland COU'lt V...11'11" /11/ :52:9 p,;f '. -, Recording Fee $81.00 Page I of 10 R.str ictj.on Island County Washington II.1~.lllalllflllll RESTATEMENT OF BYLAWS OF SUNLIGHT SHORES COUNTRY CLUB, INC. As Amended Through October 19, 2008 ~~adi~ ARTICLE I Section 1. Membership The owners and purchasers oflois In the plats of Sunlight Shores No.1 and 2 ofany future plats of the lands described In the Articles of Incorporation shall be members of this corporation, provided, however, Shuksan Corporation shall not be considered a member notwithstanding Its ownership of lois In said plats. Each member shall have one vote regardless of the number of lots owned or purchased by him. If any lot Is held by two or more persons, the several O'NrIers of such lot shall be entitled collectively to one vote. Section 2. Membership in the corporation is inseparably connected with ownership of one or more lots in the plats of Sunlight Shores Nos. 1 and 2 and In future plats of the lands described in the Articles of Incorporation. Upon the transfer of ownership of any such lot. the membership connected therewith shall automaticahy transfer to the new owner. The corporation's Board of Trustees &hal determine when a transfer of ownership has been made which effects a transfer of membership in the corporation. ' The facilities owned In common and other rights of membership are for the use ofthe members of the corporation. These rights cannot be sold or assigned to another party except as specified in this Section. Page 1

2 04/19/ :08:45 A" Recording Fe. $10,00 Paa- 2 or 9 Bylaws r.land County Walhlng(on Section 3. 1I111I Will A membership may be forfeited or a member expelled only for nonpayment of charges and assessments which may be established pursuant to Article VI of these Bylaws. Specifically. any member who has past due assessments or other charges as of the annual meeting shall not be entitled to vote there or thereafter unless such past due condition is resolved. Membership forfeited in connection with nonpayment for a given lot shall constitute membership forfeited for all lots owned by that member. Section 1. ARTICLE" Trustees and Officers The affairs of this corporation shall be managed by a Board of Trustees consisting of five members. At any annual meeting or at any special meeting called in the manner hereinafter prescribed, the number of Trustees may be changed to any number not less than 5 nor more than 11. Section 2. Trustees shall serve for one year or until their successors are elected and have qualified. Trustees may not serve for more than five consecutive years. Section 3. In order to qualify for the office, each Trustee must be a member ofthe corporation. If a Trustee ceases to be a member of the corporation, his office shall be vacated immediately upon his loss or transfer of membership. Section 4. Any vacancy in the Board oftrustees that would lower the number of Trustees to less than five shall be filled by appointment by a majority of the remaining Trustees. The persons so appointed shall hold office until the next annual meeting of the corporation. Section 5. At the first meeting of the Board of Trustees, which must be held within 30 days after each annual meeting of the membership, the Board of Trustees shall elect a president, vice president. secretary and treasurer. It also may appoint from time to time such assistant secretary or assistant secretaries, managers, and other officers, agents, or employees as it may deems advisable. Page 2

3 Section 6. 04/19/ :08:45 An Recording Fee $10.00 Page 3 of 9 Bvlawl I.land County Washington IIIIIIIIIIIIIIIIIIIIIIIIII~ I~11I1II1II11W Regular meetings for the Board of Trustees shall be held at such place, day, hour and manner as shall from time to time be fixed by the Board. Section 7. Special meetings of the Board of Trustees may be held at such place, day, hour and manner as determined by the president whenever called by the president. Section 8. Notice of the time and place of all meetings of the Board of Trustees shall be given by the secretary or president at least seventy-two (72) hours prior to the time of the meeting by mail, , personal communication or telephone. Notice of any meeting may be waived in writing by any Trustee at any time, either before or after such meeting and attendance at such meeting shall constitute a waiver of notice except when the Trustee attends for the express purpose of objecting to the transaction of any business because the meeting was not lawfully convened. Section 9. At any meeting of the Board of Trustees, the presence in person or proxy of a majority of the authorized number of Trustees shall constitute a quorum for the transaction of business and if a quorum is present, the act of a majority of the Trustees present shall be the act of the Board and of the corporation except as may be specifically provided by statute, by the Articles of Incorporation or these Bylaws. Section 1. ARTICLE III Meetings Annual meetings of the members of the corporation shall be held at the clubhouse on the first Sunday in May of each year at 2:00 p.m. local time. Written notice of the meeting shall be made in person or by prepaid first class mail no less than fourteen (14) nor more than sixty (60) days in advance of the meeting. Section 2. Special meetings of the members may be called at any time by the president or by a majority of the Board of Trustees or by members representing 10 (10%) percent of the lots in the plats of Sunlight Shores Nos. 1 and 2 and any future plats of the lands described in the Articles of Incorporation. Written notice of any special meetings briefly stating the object thereof shall be given by the secretary by mailing such notice to each member at his address as shown in the Page 3

4 04/19/ :08:45 AH Reccrding F $70.00 Page 4 of 9 liylaws I.land Ccunty W hlngton IIIIII~ IIIIIIIIIIIIIII~IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIWII records of the corporation; such notice to be postmarked no later than fifteen days prior to the date on which the meeting is to be held. Section 3. Twenty (20%) percent of all the members of the corporation. present either in person or by proxy. shall constitute a quorum for the transaction of business. Section 1. ARTICLE IV Powers and Duties of Trustees Subject only to the limitations imposed by law and the Articles of Incorporation and Bylaws of this corporation, the Board of Trustees shall have all the power and authority required to carry out the purposes of the corporation and efficiently to manage its concerns. Among the powers so conferred (but without being limited thereto) the Board of Trustees may hire and fire agents and employees of the corporation; elect the president, vice president. secretary. and treasurer to serve at the will of the Trustees; charge anellor assess the lots in Sunlight Shores Nos. 1 and 2 and in any future plats of the lands described in the Articles of Incorporation for their proportionate share of the cost of owning, maintaining, and/or operating the properties and facilities devoted to the common use of the owners of such lots; and exercise such rights as may be delegated to the community club under the restrictive covenants for the plat of Sunlight Shores Nos. 1 and 2. Section 2. The Board of Trustees shall have the power to sell or otherwise lawfully dispose of property acquired or owned by the corporation except that the Board shall not sell or otherwise dispose of any portion of the following lots or well site of Sunlight Shores Country Club without the approval of 75% of all members: A. Lots Division B. Well Site ~ Lot The 110' x 110' well site lot east of Division 2. Page 4

5 04/19/ :08:45 Aft Recording F.. $70.00 Page 5 of i 8' Iliand Count'l Walkington Imllll.I~11 ~lllllllllilllnllllllllll.mii1iii ARTICLE V Duties of Officers Section 1. President. The president shall preside at all meetings of the Board of Trustees and members; sign all certificates of membership and contracts or other instruments as authorized by the Trustees; call special meetings when, in his judgement the same appear advisable; and under the direction of the Board of Trustees exercise the general supervision of the business of the corporation. Section 2. Vice President. The vice president shall preside at all meetings in the absence of the president and, in his absence, shall perform all other duties required of that office. Section 3. Secretary. The secretary shall issue all notices and keep the minutes of all meetings; he shall have charge of all of the corporation's books, records and papers; be the custodian of the corporate seal; and perform such other duties as are incidental to said office. Section 4. Treasurer. The treasurer shall have charge of all moneys and securities of the corporation. Disbursements shall be made under the direction ofthe Board of Trustees and cosigned by the treasurer and one other member of the Board of Trustees. At each annual meeting of the members and at such other times as may be directed by the Trustees, he shall report fully on the financial condition of the corporation. Section 5. Any two of the offices of vice president, secretary, and treasurer may be combined in one person. Section 6. Sunlight Shores Country Club and its members. to the greatest extent permitted by law, will indemnify, defend and hold harmless from any and all liabilities, claims, lawsuits, and judgements from any source of any kind that are asserted against any person, who Is, or was a member of the Board of Trustees, arising from matters related to duties of the Board of Trustees except. this shall not apply to any illegal act or gross misconduct on the part of any Trustee. PageS

6 Section 1. 04/19/ :08:49 Aft :~~:~ins F Page 6 of 9 Island County Wa.hington 1IIIII1W.II~II~lWlnIIIMlllllllmlll~11 ARTICLE VI Charges, Assessments and Budget Subject to the limitations provided herein, each member of the corporation shall be obligated to pay its share of expenses and special charges as may from time to time be determined by the Board oftrustees which may include annual lot dues, water charges. and special assessments. The Board of Trustees shall prepare and approve a budget annually for the fiscal year beginning April 1 each year and ending March 31 each year. The budget shall estimate the expenses expected to be incurred during the fiscal year and charge each member for such expenses. Within thirty (30) days after adoption of the proposed budget. the Board of Trustees shall provide a summary of the budget to all members and shall set a date for a meeting of the corporation's members to consider ratification of the budget not less than fourteen (14) nor more than sixty (60) days after mailing of the summary. Unless at that meeting the members to which a majority of the votes in the corporation are allocated reject the budget. the budget is ratified. whether or not a quorum is present. In the event the proposed budget is rejected or the required notice is not given, the budget last ratified, or if there is no such budget, the last dues/assessment structure In place, shall be continued until such time as the members ratify a subsequent budget proposed by the Board of Trustees. a. Annual Dues. Annual dues shall be assessed equally per lot. However. lots owned by the Sunlight Shores Country Club, Inc. shall not be subject to annual dues. Annual dues will be billed in April of each year and shall be paid in full on or before April 30 each year unless the Board of Trustees adopts a monthly. bimonthly. quarterly or other payment plan. Annual dues are $200. Dues may be increased each year by no more than $25 from the prior year and shall not exceed $400 per year. Dues levied by the Board of Trustees shall be used exclusively to promote the recreation, health, safety and welfare of lot owners and for the improvement and maintenance of the corporation's assets and common areas. b. Water Charges. Water charges will be made equally to each lot with a water hook-up unless the Board of Trustees adopts a plan for water charges based upon quantities of water utilized as measured by meter. However, lots owned by the Sunlight Shores Country Club, Inc. shall not be subject to water charges. Water charges will be billed in April of each year and shall be paid in full on or before April 30 each year unless the Board of Trustees adopts a monthly, bimonthly, quarterly or other payment plan. So long as water charges are assessed equally to each lot with a water hook-up, water charges are $200 and shall not be increased by more than $25 from the prior year and shall not exceed $400 per year. Water charges collected shall be used only for expenses associated with providing water to lots owned by members within the plats of Sunlight Shores Nos. 1 and 2 and for repair, maintenance and replacement of the corporation's water system and its components. PageS

7 04/19/ :08:4! Aft Recording F $70.08 Page 7 of 9 By I a... hlnld County Washington ~ 1m DlllIlllllllllWI c. Special Assessments. Special assessments may be made for the purpose of defraying Section 2. the cost of any unexpected repair or other nonrecurring contingency, or to meet any other deficiencies in operations or reserves occurring from time to time. Special assessments shall be assessed equally per lot. However, lots owned by the Sunlight Shores Country Club. Inc. shall not be subject to special assessments. Special assessments will be billed in April of each year and shall be paid In full on or before April 30 each year unless the Board of Trustees adopts a monthly, bimonthly, quarterly or other payment plan. Lots in the Plats of Sunlight Shores Nos. 1 and 2 and future plats within the lands described in the Articles of Incorporation shall be entitled to receive water service upon payment of the following charges, which are in addition to the annual water charges. a. Hookup Charge. An amount of Five Thousand Dollars ($5,000) shall be required from the owner of each lot receiving water for the first time. b. Re-hookup Charge. An amount of One Hundred Dollars ($100) plus other actual expenses incurred shall be paid by the owner of any lot whose service must be restored after a period of disconnected service and such amounts must be paid prior to restoration of service. Additional costs shall include, without limitation, labor, materials and legal fees which may be incurred by the corporation relating to the disconnecting and restoration of service. c. Other Charges. Owners taking or attempting to take water without having paid the required hookup charge or re-hookup charge shall pay and be responsible for all costs, expenses, including attorney's fees reasonably incurred by the corporation in connection with any action or proceedings relating to the improper taking or attempts to take water. d. Damages to System. Lot owners shall pay and be responsible for damages caused by them or their agents to the water system. Amounts to be paid shall include actual expenses incurred including. without limitation labor. materials and other costs together with attorney's fees reasonably incurred by the corporation In connection with enforcing this obligation. Water provided to members and their lots by the corporation shall be for domestic purposes only and shall serve no more than one single family residence per lot. Section 3. The corporation shall have a lien on a lot for any unpaid dues, charges or assessments levied against that lot effective as of the time the dues, charge, or assessment is due. Recording of the Bylaws constitutes record notice and perfection of the corporation's lien for unpaid dues, charges and assessments. The corporation may record a notice of claim of lien at its sale Page 7

8 04/19/ :08:4~ Aft Recording Fee $70.00 Page B of 9 Bylaw. 1,land County Washington II IIWI 1111 discretlon. The lien may be enforced judicially by the corporation or by its authorized representative in the manner set forth in Chapter RCW. The corporation's lien shall not be affected by the sale or transfer of a lot except in the event of the sale by foreclosure, trustee sale, contract forfeiture or deed in lieu thereof which has priority. No foreclosure of a lien shall be commenced earlier than four (4) months from the date on which the dues, charges or assessments were made. Section 4. Dues. charges and assessments not paid when due shall be subject to an eighteen percent (18%) annual interest rate, ifallowed by law, otherwise an annual interest rate of twelve percent (12%) shall apply. Said interest shall be on the unpaid balance and shall begin with the due date of the dues, charge. or assessment. Section 5. The prevailing party shall be entitled to recover any cost and reasonable attorney's fees incurred in connection with the enforcement and collection of dues. charges and assessments whether or not such activities result In suit being commenced or prosecuted to judgment. ARTICLE VII Amendments These Bylaws may be amended by a vote of sixty percent (60%) of the members present in person or by proxy at any annual or special meeting of the members, provided that written notice of the proposed amendments and of the meeting is given by mailing to each member at his address as shown on the records of the corporation not less than fourteen (14) nor more than sixty (60) days in advance of the meeting. ARTICLE VIII Distribution of Assets in the Event of Dissolution In the event the corporation should be dissolved and its assets distributed. each then owner of a lot in the plats of Sunlight Shores Nos. 1and 2 shall receive that percentage of the net assets of the corporation which the original sales price of his lot (the amount paid by the initial purchaser from Shuksan Corporation) bears to the total initial sales prices of all lots in the two plats. In that event the liquidating Trustee or Trustees of the corporation shall determine who are the current owners, the respective sale prices of the various lots and the decision thereon of such Trustee or Trustees shall be final. PageS

9 (STATE OF WASIINGTON) (COUNTY OF ISLAND) ss I. DO HEREBY CERTIFY TliAT TliE FORGOING INSTRUMENT IS A TRUE AND CORRECT COpy OF TliE DOCUMENT NOW ON FILE OR RECORDED IN MY OFFICE IN WlTNE~ WHEREOF. I~EUNTO,S~ MY HANDTliIS L DAY OF ~l. 20LL /'1 COUNTY AUDITOR C; J1 V /J fs&l 1/ DEPUTY lj 04/1'/ :08:45 A" ReQordln. Fee S70, 011 P".e Bylaws hl"nd County W...hinlillon II.mllllllll.lml~ IIJ I~II.IIIIIIIIIII ARTICLE IX Corporate Seal The seal of the corporation shall be a circular form and shall contain the words: "Sunlight Shores Country Club. Inc." and the words: "Corporate Seal- State of Washington " THE WITHIN and foregoing Restatement of Bylaws of SUnlig~Country Club. Inc. were duly approved by the Board of Trustees on the ~day of, ~:JJ!.~ PRESIDENT ATTESTED TO: C~Wa_t>IgIItSIIof..C<>vrd<yCIub\8)iaw1("''''''''.(11()'19-ll81 DomUIOI.wpd no No,07~1501 (PCBI Page 9

10 WHEN RECORDED RE11JRN TO: 83/30/ :07:03," ~.oordjne Fee $74.00 Page 1 of AIIend/l1ent Island County Washington 1I11.IOOII.IOIIII.mlln~111 DOCUMENT TITLE(S) i~ 1l1f~1d- ~Jlf f'i-to D!'lotV s,. lutference NUMBER(S) OF DOClJMENTS ASSIC:n\TED OR RELEASED: I,.GR.ANTE~{S):. p t,\.ij.l.~ 'ABBREVIA:tED LEGAL DEscRIPtION: TAX PARCEL NUMBE.R{S): LPB 01-05

11 File number Restatement of Bylaws Of Sunlight Shores Country Club, Inc As Amended Through October 19, 2008 Rerecord to add amendment February 11, 2015 Added Corrected Amendment 1- March 30,2015

12 Amendment Reference Article VII Number Amendments These Bylaws may be amended by a vote ofsixty percent (60%) of the members present in person or by proxy at any annual or special meeting of the members, provided that written notice of the proposed amendments and of the meeting is given by mailing to each member at his address as shown on the records of the corporation not less than fourteen (14) nor more than sixty (60) days in advance of the meeting. Amendment 1 The corporation shall only be authorized to borrow money against the assets ofthe community as a result of a vote of approval by members in person or by proxy ofsixty percent (60%) ofthe voting members ofthe community. The Sunlight Shores Country Club, Inc. Board of Directors shall be authorized to enter Into loan a.reements and to encumber Sunlight Shores Country Club,lnc. community Real Estate as part of loan transactions with the required sixty percent (60%) approval ofthe community. The exception to such a required vote would be in the case ofa severe water System emergency. What constitutes such an emergency would be determined by a recoanized authority such as the appropriate government agency or recognized private resource management institution. Such an amendment may be offered to the community by written notice of this amendment ofsuch a meeting not less than fourteen (14) or more than sixty (60) days prior to the stated established date ofsaid meeting. THE WITHIN and foregoing Amendment of Bylaws ofsunlight Shores Country Club, Inc. were duly approved by the members on the ~ day of /YJ~ '-+r1~ President SECRETARY 27 March 2015 Corrected to conform wording of this amendment with the membership vote on 4 May 2014 Vice President