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e. Waiver. Any Member may waive notice of any meeting of the Members whether given before, at, or after the meeting and whether given in writing, orally, or by attendance. 4.5 Quorum/Adjournment. The presence of Members in person or by proxy, who may vote at least fifty percent(50%)of all Association votes will be necessary for a quorum at all Members' meetings for the transaction of any business. Any meeting may be adjourned, no longer than 10 days, without notice except announcement at the initially called meeting. If a quorum is present at the reconvened meeting, any business may be transacted that might have been transacted at the original meeting. A quorum, once established at a meeting or a reconvened meeting, will continue to exist for that meeting despite the departure of any Member or proxy holder. 4.6 Voting Register. The Secretary shall maintain a list of the Members and Lot Owners and the name of the person (in the case of multiple Owners) authorized to vote. SECTION 5 BOARD OF DIRECTORS 5.1 Number and Qualification. The Association shall be governed by the Board of Directors. The first Board will consist of the persons designated by the incorporator or persons appointed by the Developer to replace them, subject to the Members' rights to elect directors. Upon expiration of the terms for the Board members appointed by the Developer, the Board will consist of three (3) or more directors as determined at the regular meeting of the Members. 5.2 Term of Office. Terms for Board members will be as follows: a. The Developer shall appoint and remove all members of the Board of Directors until the Developer voluntarily surrenders control of the Association or no longer owns any Lot. The term of any director on the first Board will terminate at the same time as those appointed by the Developer. b. Upon the termination of Developer's control under Section 5.2(a), a meeting of the Members shall be held at which the Members shall elect a new Board of Directors. The three (3) nominees that receive the most votes shall serve as directors. The elected director obtaining the highest number of votes shall be elected for a term of three (3) years; the director obtaining the second highest number of votes shall be elected for a term of two(2)years; and the director receiving the third highest number of votes shall be elected for a term of one (1)year. At each annual meeting after that, the Members shall elect a number of directors sufficient to replace any directors whose terms are expiring. After the first Board FSOPOW M 2ooeam0211 4 F:WATA1199MW11B*a Yi0 pa