Canopy Creek HOA 2016

Development Guidelines

INTRODUCTION Purpose of Guidelines

Canopy Creek Community has been meticulously conceived, planned, and executed, and it is the purpose of these Development Guidelines (“Guidelines”) to ensure continuation of these standards. Architectural and landscape concepts are intended to complement one another, and therefore encourage attention to detail. EF Minus S, LLC, a Florida limited liability company (hereinafter referred to as “Developer”) is establishing criteria and procedures that will promote the highest level of aesthetic value, design compatibility, and maintain and enhance economic value within Canopy Creek Community. Developer has prepared the following guidelines for all builders approved by Developer and operating within Canopy Creek Community and other purchasers of property within Canopy Creek Community (collectively the “Owners” and each an “Owner”). A copy of these Guidelines will be distributed to, acknowledged, accepted, and adhered to by all Owners in Canopy Creek Community. The Architectural Review Committee (hereinafter referred to as the “ARC”) is the entity that will administer these Guidelines. The ARC will have the right to approve, suggest modifications, or deny any or all of the plans or other review submittals. Limiting Conditions These Guidelines establish criteria and procedures for development, design, and construction within Canopy Creek Community. These Guidelines are not an offer to sell, purchase, or list real estate, nor are they a warranty of any type. Such agreements shall be separately set forth in legally executed, written documents. These Guidelines are binding on all Owners of property within Canopy Creek Community, except for any improvements constructed or approved by Developer. Remedies for failure to comply are outlined in these Guidelines, in the Declaration of Covenants, Conditions and Restrictions for Canopy Creek (“Declaration”), Participating Builder Agreements (“Builder Agreements”) and Purchase and Sale Agreements (“Purchase Agreements”). Developer reserves the right to amend and revise these Guidelines as deemed appropriate, subject to mutual approval of the ARC. These Guidelines do not supersede (except where more restrictive) or duplicate the Declaration, the Florida Building Code (“FBC”), other municipal, county, state, or federal regulations, or other legally binding contracts or agreements between Developer and Owners.

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WPB 889961.7