OR 15285/1957

BY-LAWS OF CASTLE BEACH CLUB CONDOMINIUM ASSOCIATION, INC., A Florida Corporation Not for Profit

Article OneOrganization

1 The name of this organization shall be CASTLE BEACH CLUB CONDOMINIUM ASSOCIATION, INC.

2 The organization may, by a vote of the Unit Owners, change its name.

Article TwoPurposes

The following are the purposes for which this organization has been established:

1 To serve the recreational and maintenance needs of the Owners of the Condominium Units constructed upon the real property described on Exhibit "A" of the Declaration of Condominium to which this Exhibit "D" is attached.

2 To maintain, manage, operate, administer and improve the real property upon which the recreational facilities are to be constructed; and further, to maintain the facilities and improvements, including personal property, thereon.

3 For the purposes set forth in the Articles of Incorporation of this organization and the Declaration of Condominium of CASTLE BEACH CLUB, a Condominium.

4 For such other purpose as the Board of Directors may from time to time deem necessary for the efficient operation of the recreational facilities and Common Elements and Limited Common Elements contemplated hereby.

Article ThreeMeetings of Membership

1 Place: All meetings of the Association membership shall be held at the office of the Association or such other place as may be designated in the notice.

2 Annual Meeting:

(a) The first Annual Meeting shall occur within one hundred (100) days of the recordation of the Declaration of Condominium and annually thereafter. All members of the Board of Directors to be elected by Unit Owners, other than the Developer, shall be elected by plurality vote.

(b) Subsequent to the first Annual Meeting, regular annual meetings shall be held in the month of January of each year upon a date appointed by the Board of Directors. No meeting shall be held on a legal holiday. At least fourteen (14) days prior to the Annual Meeting, written notice shall be mailed by regular mail [continues on next page]