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These BY-LAWS refer to the gated development on the Central Pacific Coast of Costa Rica also known as "Nativa" NATIVA - CONDOMINIUM & MANAGEMENT BY-LAWS The present regulation shall apply to lot owners, affiliates properties and /or units in Condominiums and all those relevant issues which are found in conformity to the respective law, in connection to the present Condominium. This declaration shall govern the acquisition of interests and rights of this Property to different persons, subject to the basic protection restrictions, conditions, agreements, reservations, leasing, easements and changes made to these By-laws. Condominiums shall be acquired, mortgaged, amortized, leased, used, occupied and subject to improvements according to this By-laws, in concordance with the Regulating Law for Property in Condominium, number seven thousand nine hundred and thirty three of day twenty-eighth of October, year one thousand nine hundred and ninety nine, published in La Gaceta of day twenty-fifth of November, year one thousand nine hundred and ninety nine, as well as the Urban Planning General Law, as well as their declarations and regulations, with the purpose of improving and increasing the desirable value and attractiveness of this Property in Condominium and its units. All said limitations, agreements, conditions, reservations, leases, changes, facilitations and restrictions remain duly established and imposed to the Property and each of the units, for the benefit of the Condominium and each and all of the individual units and Owners of one or more Units and the Owners of interests of any type in the Property or any portion thereof. All said limitations, agreements, conditions, reservations, mortgages, charges, easements and restrictions shall cover all properties and be applied to all Persons, Physical or Corporate, which have or acquire any right, title or interest in the Property or any part of the Condominium, when as proprietor, tenant, holder, occupant, or any other title conferred within the property destined to the Condominium Regime. Each and all limitations, agreements, conditions, restrictions, reservations, charges, easements and charges shall be considered as an equitable easement, claimable by any Proprietor against any other Owner or any other Person who show an interest in the Property and shall be exercised by the General Assembly acting through the Board of Directors and/or Manager. DEFINITIONS (a) Name: The Condominium is denominated “CONDOMINIO NATIVA”; (b) Law: Regulating Law ofProperty in Condominium, number seven thousand nine hundred thirty-three of day twenty-eighth of October year one thousand nine hundred and ninety nine, published in La Gaceta of the twenty-fifth of November year one thousand nine hundred and ninety nine, Urban Planning General Law, Construction Law (c) Declaration: This deed destined to the Condominium Regime and its By-laws, (d) Units orAffiliated Properties: These areas in the condominium which are clearly delimited in the description ofeach of them made in the present deed and that constitute the private areas. The Units shall mean and refer to the elements of the Condominiums that are not owned jointly with other Owners of the other Units in the Condominium. The limits of each Unit shall be shown and described in this deed and definite plans that are used for its description; for the purposes of this By-laws and the allocation of fees, shall also be considered units or affiliated properties those of equal definition to that herein indicated and that are found within the condominiums or secondary parent properties, (e) Common Area: Means CommonAreas or elements of common use of the condominium delimited in the Condominium Plan. Common Area shall mean or refer to the whole Condominium, except the affiliated properties or units and include Common Restricted Areas. Common Areas shall be owned in indivisible units fractions by the Owners of al Units as joint co-owners and shall be managed by the Condominium Association, its Board of Directors and General Manager as mention hereafter. Soil use, zoning, use or purpose of a sector of common areas could be modified with the approval of one hundred per cent of the proprietary members. In the event of approval modifications to the Condominium Plan, the Board of Directors shall be responsible for the elaboration of plans and corresponding documents and the approval procedures by competent institutions in the subject matter. Common assets are and in consequence of inalienable and indivisible dominion of all proprietors, those which are necessary for the existence, safety, health, conservation, ornamentation, access, appearance and functioning of the residential group, as well as those assets that allow all and everyone of the proprietors the use, enjoyment of their Residential Unit. (f)Restrictive Common Areas: those portions of the Common Areas that are delimited in theCondominium Plan as Restrictive Common Areas . For the purposes of this Declaration the RestrictiveCommon Areas shall be treated as Common Areas as long as, in any way, the use and enjoyment of the Restrictive Common Areas accessories to each Unit, as shown in Condominium Plan shall be for the exclusive use and enjoyment of the Owner of the respective Unit (g) Parcels of CondominiumProperty: Includes, the Unit of proportional undivided fraction in the Common Area accessory to eachUnit as shown in the Condominium Plan; in this article and in all the rest, the term UNIT shall necessarily be understood as it has been described in item “D” of the definitions herein established; (h) Manager:The agent of management that could be a physical or corporate person and that shall be appointed by the General Assembly acting through the Board of Directors and that shall be in charge of maintenance and improvements of the Condominium; (i) Common Expenditures: those necessary for themaintenance, improvement, repairs, operation and management of the Condominium as determined by the General Assembly of condominiums, including without limitations, the fees of the Associates to the Association of Condominiums; (j) Maintenance Fees: means the portion of the Common Expendituresthat each Proprietor must pay based on his/her Unit, irrespective of the size of the Unit or portion, since the same relative value has been allocated to each Unit.; (k) Condominium: represents the propertyregime established for the Property, created for this instrument in accordance to the Horizontal Property Law, including all improvements, structures and related rights. (l) Property: refers to the land describedin this deed; including the parcel of land or habitation unit established as such within the Design Plans of the Site applicable and its corresponding Cadastral Plan; (m) Proprietor: means and refers to theproprietor and /or proprietors of the registered deeds in the Public Registry for the Condominium and that could be physical or corporate individuals, except those who have a credit that is merely warranty of compliance of an obligation. The Developer shall be a Proprietor while being the owner of one or more Units; (n) Parking: common areas within the Condominium Zoning Master Plan and/or in its stead in thedesign of the site of the condominium have been destined for parking of vehicles assigned to each case. Parking assigned to each Unit is designed as Restrictive Common Area in the Condominium Plan. (o)General Assembly : Meeting of the Associates representing Proprietors of Affiliated Properties; (p)Board of Directors: Means the Board of Directors of the Associates elected by the condominiumsGeneral Assembly: (q) Architecture Committee: Group of professionals and/or proprietors assigned tosupervise compliance of the Condominium Architecture Regulations and those issues related to the external aspect of the Units or Buildings, whether they are in Private or Common Areas, as well as revision and approval of Draft of Plans and/or Construction, which shall be submitted by the proprietors or their representatives prior to carrying out works. This committee shall comply with all established requirements in Chapter Six; with the purpose of revision and approval of development proposals submitted, in accordance to what is stipulated in the present By-laws and in the development regulations and urbanism and architecture guidelines of the Condominium: It is established from hereon and expressly accepted by the condominiums that all and any construction shall necessarily be, as mentioned in chapter six, submitted to previous approval by this committee. While the developer as defined and indicated hereafter, owns at least one condominium unit, shall be who appoints the individuals that form the Architecture Committee. (r) Mortgagee: the mortgage creditor; (s) Member: Allthe proprietors and members of the Association; (t) Person: Any physical individual, next of kin,corporation, estate, trust, association pr any other legal or juridical entity with an interest in the Unit, the Condominium or Property; (u) Association: Refers to the “Association of Condominium NativaProprietors” created by this Declaration; and (v) Condominium Plan: Refers to the Condominium mapsand plans attached to this declaration and necessary for the registration of the Condominium before the Public Registry; includes Master Plans, Master Development Plans and Site Design Plans approved by the corresponding State Institutions, and refers to the Site Design Plans of the Nativa Primary Condominium as well as Site Design Plans of the Secondary Condominiums established for such purposes in the present By-laws; (aa) Days: Mean calendar days except where otherwise indicated;(bb) Dollars : Refers to currency of the United States of America. (x) Developer; Central PacificVentures S.A. constituted under the laws of Costa Rica or whomsoever appointed and communicate it in writing while still direct or indirect proprietor of at least of condominium unit; (x) DevelopmentRegulations and Urbanism and Architectural Guidelines: Those additional regulations established inthis By-laws, which will govern the urbanism development and internal architecture of the properties, with the purpose of maintaining hegemony in the buildings and external works, including landscaping of said units; (x) Buildable Area: Is the area within a property suitable for development, where construction of awork or building will be allowed. CHAPTER ONE: Scope of applications. Article One . This declaration is of mandatory application and involves all owners or any other individualthat has or claims to have a property in relation to a Unit, the Condominium or Property, including, without limitations, Proprietors, residents, tenants, or Units sub-lessee, or of any other type in the Property and shall be governed by the Regulating Law of Property in Condominium and this Declaration. Article Two. The Properties and Condominium created by this deed shall be owned, maintained,transferred, amortized, rented, used, occupied and improved subject to this Bylaw. All limitations, agreements, conditions, reservations, liens, charges and restrictions in these By-laws are herewith established and imposed on each Unit and on the Property for the benefit of the Condominium and each and every one of the Units and Proprietors. This Declaration shall run with the property and should concern all the Persons who have or acquire any right, title or interest in a Property, Unit or any other part, when as sole Owners, jointly, owners, tenants or any other type. These provisions apply to any future real rights acquirer on any of the residential units and by any person that through any title uses or enjoys them. This Declaration shall be considered and shall be interpreted as an equitable Easement, executable by the General Assembly acting through its Board of Directors and/or Manager. CHAPTER TWO: Government and Administration. Article Three. All and each of the Proprietors jointly and with all Persons involved in this Declaration,concur and agree that the administration of the condominium shall be in concordance with the provision in this Bylaw and the Regulating Law of Property in Condominium including any law appended and reforms, changes and modifications that could be adopted from time to time by the General Assembly. Article Four . Any conflict or inconsistency between the provisions in this bylaw and the Law shall besolved in concordance with the alternative of conflict resolution established in this bylaw. Article Five. The Condominium Government and Administration shall be formed by: (a) the GeneralAssembly, (b) Board of Directors, (c) Manager. Article Six. The General Assembly shall be formed by the Unit Owners and each Owner shall be aMember of the General Assembly. Article Seven. In the event that a Unit is owned by more than one Person as Co-Proprietors, the Co-Proprietors shall be represented by one person designated by them to act as responsible in representation of the Co-Proprietors, who shall act as representative Proprietor before the General Assembly and/or Board of Directors, as corresponds with the understanding that simple vote majority of co-proprietors of the same affiliate shall elect the representative or authorize its administrator to be represented in the General Assembly or Board of Directors of the Primary Condominium. Article Eight. Only the registered Proprietor of a Unit and his/her authorized representative could beMembers of the General Assembly and exercise their membership rights and privileges in the Association including voting rights. Transfer of title of a Unit shall establish automatically transference of membership in the General Assemblies to the new Proprietor. Article Nine. A Proprietor could be represented in the General Assembly by a non-Proprietor actingunder a Legal Power of Attorney, duly submitted to the Manager, previous to an ordinary or extraordinary General Assembly of the Condominium, power that shall necessarily comply with what is established in the Notarial Code; similarly, the representative of a corporate person who attends in representation of the same as proprietor of a condominium unit, necessarily must submit prior to the assembly, notarial certification of the corporate entity permit that accredits its permit and which must have been issued no more than two months before the date of the assembly Article Ten. The General Assembly shall have all rights granted to the General Assembly by Law andthis Declaration including, without limitations; the right to: (a) Approve and collect proprietors maintenance fees and achieve payment in conformity with this Declaration, (b) approve special fess; (c) elect and remove members from the Board of Directors; (d) ratify the election of the Manager by the Board of Directors; (e) approve the Association annual financial statements prepared by the Board of Directors; (f) adopt all By-laws and regulations implemented through this Declaration; (g) Approve any addition or modification to this Declaration, (h) approve any extension or modification to the Common Area; (i) terminate the Condominium and the Horizontal Property Regime created by this Declaration; (j) sell or transfer the Condominium or any building within the Condominium that is common area; (k) ratify the appointment of the Condominium’s manager; (l) in general, decide all those issues of common interest for the Condominium and its Owners and Units, taking into consideration, at all times, common use and enjoyment of the Property and Condominium by the condominiums. Article Eleven. The General Assembly will meet at least once a year in the Condominium at a date andtime determined by the Board. The board shall send a convening to the meeting through a letter addressed to the Owner to the mail address that appears in file found in the Association and publish a notice of the meeting in the highest circulation newspaper in Costa Rica. A meeting of the Assembly shall also be convened by the proprietors representing at least twenty percent of the Units through a convening given in the manner mentioned above. Article Twelve. The necessary quorum to be able to hold a meeting in the first call of the Assembly is ofat least two thirds of the units, without regards to the size of the Unit because of the same value assigned to each Unit. In the event of not having quorum present on the first call a second call shall be convened in no less than twenty four hours after the first call notifying the members that the quorum was not present during the first call. The necessary quorum to be able to hold a second General Assembly meeting on the second call shall not be less than half of the units. Article Thirteen. All of the General Assembly decisions shall be definite by affirmative vote of simplemajority of those votes represented by the members present that constitute quorum, except those cases in which the Law or this Declaration specifically require a greater vote. All decisions taken with a quorum through a meeting duly notified shall concern all of the members. Article Fourteen. Each Unit represented by an owner shall have an only right to vote, irrespective of theunit size or proportion due to the same relative value of each Unit. Article Fifteen. The meeting of the General Assembly shall be conducted by the president of the Boardor by the Vice-president of the Board, if the President is not present. In the event of the President or Vice-president’s absence, existing quorum, the members present shall appoint by simple majority the director who will preside the assembly. The items of each meeting shall be kept by the Secretary of the Assembly who will distribute copies of the items to the members present to the Assembly. Article Sixteen. Resolutions of the Association acting through the General Assembly shall be placed in abook of resolutions as indicated by Law. Resolutions shall be notarized and registered in the Public Registry as well as authorized by the General Assembly. Article Seventeen. The General Assembly shall have the right to elaborate those acts that is expresslyauthorized by this declaration or the ordinances that are reasonable necessary to reinforce any of the previsions of this Declaration, and to carryout and elaborate its duties and responsibilities. In the exercise of its rights, the General Assembly could bestow authority on the Board and/or Administration to act on its behalf in the performing of its duties and responsibilities, as long as such obligation does not violate the Law. Article Eighteen . The Board shall be formed by five Directors, which shall be appointed as per thefollowing indications. (a) The Developer shall appoint the first Board, which shall last two years. The appointed Directors to the first Board shall not necessarily be Proprietors. (b) Upon expiration of the first Board, a new Board shall be appointed. The Developer shall always have the right to appoint a Director who could be or not be a proprietor. (c) At the expiration of the initial term, the members shall have the right to appoint four Directors, who shall all be Proprietors. All of the Directors elected by the members shall be appointed in a duly convened General Assembly meeting. Each Director shall serve for a twoyear period, unless removed or replaced by the members in a meeting duly convened, which shall be convened by any member for such purpose. Article Nineteen. The Board shall be responsible for the administration and application of thisDeclaration, compliance of the General Assembly’s decisions, collection of fees and adoption of rules it implements and resolutions the Board makes when it deems it convenient. Article Twenty. Except when express otherwise in this Declaration, all Board decisions shall be takenthrough the affirmative vote of a simple majority of the votes present, either in person or by Proxy, in a meeting duly convened, in which the required quorum is present. Article Twenty-one . A Board’s quorum shall be of at least three voting members of the Board. In theevent that the quorum is not present in a Board that has been meeting duly convened, no agreement shall be taken by the Board in such meeting. Nevertheless, the members of the Board in said meeting shall have the right to convene to a second Board meeting for the purpose of discussing and voting in the items included in the convening of the first meeting, but granting no less than two working days previous notice to send a written notice to all Board members, said written notice shall include a re-incorporation of the items in the first convening. All the Board resolutions in the second convening shall be approved by the affirmative vote of the simple majority of the voting members present. Article Twenty-two . A Board meeting duly notified means a meeting to which each member has beengiven at least five working days previous written notice. Said written notice shall be delivered personally, sent by mail or facsimile to the address given for notifications, by such Director to the Board. Said written notice shall include a description of each of the items to be dealt with in said meeting. Article Twenty-three . Nothing hinders the Board to hold sessions by electronic means or meetingsthrough any other means approved by the Board. A convening will not be necessary when the totality of the Board of Directors meets and it is so stated in their agreements. Article Twenty-four : the Board of Directors shall elect among its members a President, a Vice-President,a Secretary, a Treasurer and one more member officer, besides other officers and Association committees, among associate members, as determined by the Board of Directors from time to time. Said officers and committee members shall exercise ad-honorem at the Board’s discretion. Article Twenty-five. The Board shall elect a manager who will be responsible before the Board andbefore the General Assembly of the Association’s daily administration. The manager does not necessarily have to be a member or proprietor of the Association. The employment conditions, responsibilities and remuneration for the Manager shall be established by the Board as a common expenditure and referred to the General Assembly for its approval at the next regular programmed meeting. The General Assembly could grant the Manager a special power that it deem necessary to act on their behalf and in representation of the associates in the development of its responsibilities. Article Twenty-six . The Board could terminate the functions of the manager and remove him/her bycause at any moment at the Board’s discretion. Article Twenty-seven. The responsibility and functions of the manager are established by the Board,among them which could be the following: (a).- The contracting and purchase of goods and services on behalf of the Association through an established budget by the Board and approved by the General Assembly. (b). All of that in conformity with the Declaration and By-laws. (c). Execute this By-laws, ordinances and rules and regulations dictated by the Board and the General Assembly. d) All those reasonable and necessary actions to maintain and preserve the well being, the project and the proprietors, units and authorized persons to be in the property. (e), All the necessary acts to preserve the use and enjoyment of the Condominium for the Proprietors and authorized persons to be in the property. (f); To collect general and special fees and taxes duly levied by the Association on the Unit or parcel of the Condominium. (g). Elaboration and issuing of receipts related to payment of fees and certificate overdue fees of stocks, which will constitute a lien that shall grant the association the right to demand judicial compliance when there is a public accountant certificate and approved by an attorney or any other legal mechanism for the collection of unpaid fees (h). Contract, dismiss and supervise Association’s employees in the development of their work responsibilities; open and maintain one or more current accounts on behalf of the Association for the deposit and payment of common expenditures. (i) Authorize emergency repairs and take urgent actions to prevent and protect the property of the condominium. (j) represent the association in community meetings in general that could affect the condominium as a whole. (k) If needed, establish individual accounts for each proprietor in relation to payment of municipal and land taxes. CHAPTER THREE: Common Areas. Article Twenty-eight . The common areas, including the restrictive common areas, shall be owned inindivisible fractions of units by proprietor of all the units as joint holders and shall be governed by this chapter. Rights of each proprietor in the common areas shall be inherent to the unit and could not be separated by a parcel of condominium, nor shall be divided, or transmitted independently of a unit, alienated, or lien except when done jointly with a parcel of condominium. Article Twenty-nine. Every proprietor shall have the right of entry, exit, use and enjoyment of thecommon areas that are not restrictive common area, subject to the following: (a) The right of the Board and the General Assembly to suspend the right and use whatever recreational facilities in the common areas for a proprietor for any period of time while the maintenance fees of said unit are unpaid, and for a period which does not exceed thirty days for any infraction to the Association’s published rules. No suspension shall be made effective unless the proprietor has been granted fifteen days after the suspension notification and the motives why this is done to the proprietor shall be granted the opportunity of being heard by the Board, orally or in writing, with no less than five days before the suspension date goes into effect. The notification shall be given to the proprietor through any method determined as reasonable to provide notifications. (b). The right of the Board with the approval of the General Assembly to destine or transfer all or any part of the common area to any public entity, authority or public service company or other similar purposes and subject to the conditions agreed by the Board and the General Assembly. (c). The right of the Board with the General Assembly’s approval to borrow money for common areas improvement. (d). Right to access, entry and exit to other proprietors to the common areas and the right of installation and the use of public services in the common areas for the benefit of the units, subject to rules and declarations adopted by the Board. (e). The right of the Board with the approval of the General Assembly to give maintenance, create access easements and public services on the common areas in favor of others. (f), The right of the Board with the approval of the General Assembly to approve rules and declarations General to govern common areas, (including rules and declarations), which restrict parking in common areas and the government of condominiums. Article Thirty: Each proprietor shall have the exclusive right to use the restrictive common areas relatedto his unit for its authorized use. Article Thirty-one. Subject to the obligation of restoring and repairing any damage, the Developer andhis sales agents, employees and independent contractors shall have: (a). A non-excluding right of entry, exit, access within and in the common area for the purpose of making repairs to that area and for the purpose of constructing, marketing, and maintaining the condominium, and (b). The right of nonexcluding use of the common area of condominium for maintaining sales offices with advertisements to commercialize the units to the public, until the units of the condominium have been sold by the Developer. The use of the common areas by the Developer and his agents shall not infer irrationally in the use of the common areas by the other members of the association. Article Thirty-two: The proprietors could delegate, according to this declaration and in connection withthe proposed use of the unit, his right in reference to the use of common areas and facilities to members of his family, guests, tenants that reside in his unit. Article Thirty-three. The association shall maintain the common areas in concordance with thefollowing standards: (a) All trash and waste collected in the common areas shall be removed promptly and such common areas shall be kept clean and free of waste and trash, except in the restrictive common areas, which shall be kept clean and free of waste and trash by the proprietor of the unit adjacent to said area. (b). All green areas and vegetal material shall be kept in healthy and prosperous condition, free of weeds, trash and waste, (c) No building or structure or other improvements (which are not public service lines) could be constructed, built, located or kept in the common areas, except determined otherwise by the Board as in the best interest of the Association. Article Thirty-four. The Association shall keep the good state in common areas and their improvement,including streets, drainage facilities, and streets with lighting, open spaces, biological corridors, and fences, in good appearance and in constant repair. The Association shall provide maintenance of green areas and landscaping to replace trees, plants, grass and other vegetal material located in the common areas by the Developer, it is absolutely prohibited for the condominiums to plant, place, install or in any other way, plants, and ornaments out of its private area, since only management and the condominium association could arrange vegetal material in the common areas, such as ornamental plants, trees, bushes and any other. The manager shall be authorized to remove at the condominium expense, any plant of any type or ornament that any condominium would have placed in any of the common areas, even if it deals with the adjacent area to his private area. Article Thirty-five. The association shall keep all drainage facilities located in the common areas ingood condition. Article Thirty-six. The Association shall have the right to enter any unit, (but not within the livingquarters, except in an emergency that threatens damage to other units), when necessary for construction, maintenance and repairs in the surface, drainage pipes and facilities. Any type damage to a unit caused by entrance of the Association shall be repaired and covered by the Association. When a condominium unit has not yet been completely built, and is not adequately attended in regards to debris and weed cleaning by unit proprietor, the Manager shall advise through a written warning, so that proprietor can proceed, in a period no more than seven days, with the corresponding cleaning; if proprietor decides not to act upon receipt of request, the Manager shall be expressly authorized to proceed with the cleaning of debris and weeds, and costs (charged as the highest market costs) shall be passed on and charged in condominium fees to proprietor, for lot negligence and not cleaning lot when requested to do so. It is understood that while the proprietor shall not have paid cleaning costs, herein referenced shall consequently incur in delinquency with condominium fees, understanding these additional charges as individual fees, as defined in article forty-two, clause d. Article Thirty-Seven: It is understood and expressly accepted, that even though units can have up totwo different constructions on its surface, and in accordance to the Architecture Committee guidelines, the aforementioned article refers to all and each of the existing constructions in the restricted areas in a determined unit. Article Thirty-Eight : Proprietors, including the Developer, shall maintain in good condition andappearance, all elements of the unit and restricted common areas adjacent to units, including the interior of the Units, and in constructions, if existent, balconies, walls, yards, hallways, indoor green areas and drains that are part of the Unit and restricted common areas (with the exception, if existent, when maintenance is responsibility of the Association), consequently, the Unit shall have a impeccable appearance, free of weeds, trash and debris. Article Thirty-Nine : No proprietor can interfere or damage common areas, nor modify green areas orany other work, or alter common areas, or interfere or impede the Developer or the Association, the maintenance of common areas, such as established in aforementioned article thirty-four. Article Forty : The proprietors recognize that the Developer can require acquiring one or more accesseasements on the property in order to operate, under clear understanding, without limitation, easements for installation, drainage, sewer and superficial service lines. In accordance to the aforementioned, the owner herein convenes and agrees, that from time to time, can issue the Developer easements and charges on the property as needed by the Developer, provided that, in any way, all these easements shall be located in places approved by the affected owner, and said approval shall not be denied irrationally, and if restricted common areas are involved, the access easement shall of such nature that they do not irrationally interfere with the use and enjoyment of the purposely intended property. The Developer agrees to compensate the Association and proprietors of all losses incurred by third parties against the proprietors or resulting damages of use of any easement granted according to this article. Furthermore, the Developer shall compensate the association and proprietors against any sentence against the Association and any proprietor, according to competent Jurisdiction Court, in regards to any action or arbitration on use of any easement, granted according to this article, occurred when, Association is controlled by the Developer. Article Forty-One : Developer shall develop a common area in accordance to condominium plan. TheCondominium Plan shall be amended only with affirmative vote of one hundred percent of the proprietors. The condominium plan shall be in accordance with the Horizontal Property Law and this declaration. CHAPTER FOUR: Fees Article Forty-Two . As conditions to acquire a property deed, each proprietor agrees to complete andcomply with each and all agreements contained in this declaration, including without limitation, the agreement and obligations to pay fees to the condominiums association. Furthermore, each unit proprietor, when signing a Unit deed, expressed in this act or not, is obligated to pay association fees. For the purposes of this declaration, the term “fee” is defined as: (a) Ordinary Fees, those fees fixed by the yearly condominium assembly, which shall be fixed in conformity of the effect and reasoning presented by the Board of Directors to the Assembly; (b) Special Fees, those fees necessary for the completion of determined work for the benefit of the condominiums, and that without urgency, requires the additional collaboration of the condominiums; (c) Emergency Fees, are those necessary, that in criteria of the Board of Directors or through request of the Manager, to repair damages caused by forcemajeure or acts of God, and that if not applied as a measure of emergency can infer major damage tothe Condominium; (d) Individual Fees, those assigned to any of the condominiums for incompliance of that established in the present By-laws, or in accordance to the reasonably founded necessity requiring an individual or several members to pay this type of fee. In any and all cases in which the word fee isused in the present By-laws, it shall be understood as a US Dollars currency amount, which can be the same independent of the type of fee in question, and can be paid in Colones, at current currency exchange rates at payment due date. Each fee, including late payment interests, reasonable attorney costs and fees, shall be covered solely on behalf of the Unit’s proprietor, and guaranteed by a lien against the Unit and in favor of the Association. It is understood and expressly agreed upon by the condominiums, and especially by the representatives and leaders of the condominiums or secondary heads, that those Units that exists independently from the number of secondary condominiums, shall equally pay an individual fee as those paid by the primary individual condominiums units, consequently the collaboration in the general condominium budgeting of those condominiums or primary units shall be consistent with the number of secondary condominium units, and shall both have the same amount of maintenance payment fees. Furthermore, the maintenance fees assigned here for secondary condominium individual units shall have to pay the corresponding portion of the fee of the particular condominium assigned in the specific condominium assembly. The aforementioned is in virtue that the primary condominium geographical structure and design equally benefits the secondary condominiums as a whole. Article Forty-Three : The Association determined fees must be used exclusively to: (a) Promoterecreation, health, safety and welfare of the proprietors and users of the Condominium; (b) for common area improvement and maintenance; (c) Association fee payment to Public Authorities; (d) General condominium utility payment, such as water, green area maintenance and all common area servicing, (e) to establish reserves for the repair and replacement of structures and property improvement; (f) Manager costs and salary; (g) fee collection costs; (h) insurance and warranty costs; (i) any judgments or conviction against the Association; and (j) costs incurred by the Association for compliance on behalf of proprietors with this declaration and By-laws adopted by the Board. Article Forty-Four : Regular fees include Association maintenance expenses, including theestablishment of reserve accounts and yearly budgeting approved by the Board and General Assembly. Article Forty-Five : A special fee is defined as, a fee recommended to the General Assembly by theBoard, when the Board determines that the Associations’ available funds are or shall be inadequate to cover the Association’s expenses for the Fiscal year. Special fees must be collected on a monthly basis per unit. If a special fee is established during the calendar year, it shall be prorated during the remaining months of the year, which were evaluated, unless otherwise determined by the General Assembly. Article Forty-Six : Each individual fee against a particular proprietor shall only be imposed by theAssociation to an individual member to reimburse incurred costs by the Association in order to achieve compliancy of a member or unit in accordance to dispositions of this Association and its By-laws. An individual fee shall only be imposed once, by no less than fifty-one percent of the units after a notification and an opportunity of a hearing in the General Assembly has been given to involved proprietor. Article Forty-Seven : The Board shall call upon a General Assembly in conformance to the disposition ofChapter Two to approve any increments in regular or special fees with no less than thirty days and no more than sixty days prior to effective date of such Regular or Special fee. Article Forty-Eight : The Board shall agree and collect special and regular fees sufficient to cover theobligations of the Association according to that approved by the General Assembly. Article Forty-Nine : The Board can collect emergency fees in conformance to this article: the Emergencyfee can only be executed in an emergency situation defined as one or more of the following: (a) an extraordinary expense required by order of the Court, (b) extraordinary expense to maintain or repair the Condominium for which the Association is responsible, and when this presents a threat to the safety of the people or if a damage is discovered within the Condominium; (c) if an extraordinary expense is required to repair or maintain the condominium for which the Association is responsible for, and when it is not reasonably predictable by the Board when preparing and distributing the yearly operations budget. Although, before imposition or collection of an emergency fee, the Board shall approve a resolution containing explanations of extraordinary expenses and reasons why such expense could not be established at a uniform rate and must be collected within the following thirty days of notification. Article Fifty : Each unit must support a fee percentage determined when dividing the number of totalunits independent of unit size, due to relative value equal to each unit. Article Fifty-One : Regular fee shall be covered by all utilities starting from the first day of the followingcalendar month after transfer of the first unit to a third buying party. The Board, with the General Assembly’s approval, shall establish the regular fee amount to be fixed to each unit, at least thirty day prior to each regular fee period. Written notification of regular fee shall be sent to each proprietor. The Board shall establish fee payment date. Fees can be collected monthly or as determined by Board. Article Fifty-Two : Any fee regarding a unit made in accordance to the declaration, shall be a debt onbehalf of proprietor for said unit at time of effective fee date. Any unpaid fees within the thirty days after due date, shall be considered delinquent and shall start generating interests thirty days after due date at an annual percent rate of fifteen percent, plus a late fee of ten US Dollars for each day after the thirty days after due date, or as indicated in the Law. Payment of late fee amount shall be adjusted according to the Law. The Association will enforce, in the event of non-payment of fee on behalf of any proprietor at time when payment is due, Chapter Eight. The General Assembly can establish rules and procedures for two grace periods, for which the Association will grant under this Chapter, and in the event that proprietor fails in its obligation to pay said fee. All fees and charges shall be deposited in a Commercial Bank selected by the General Assembly, and acting through the Board, in an account under the Association. The Manager and General Assembly shall have control of such account and shall be responsible in maintaining adequate records at all times. Article Fifty-Three : The lien in favor of the Association to ensure fee payment, shall take priority overmortgage, which shall be to pay late fees, interests, reconnection charges and reasonable attorney fees, previous to obtaining property deed and its registration. Article Fifty-Four : The Association shall provide, upon request of any individual, a signed certification byan official of the Association or the Manager, indicating Unit Fee Statement. Such certification shall be obligatory by the Association according to its date. The Association can impose a charge to cover such administrative costs in issuing such certification by the Board. Article Fifty-Five : No member shall be exempt from personal responsibility demanded by theAssociation by renouncing use and enjoyment of common areas, or abandonment of unit. Article Fifty-Six : Each proprietor shall be directly responsible for their own public services charged tothe unit, such as electricity, cable and telephone. The Association shall be responsible for the payment of responsibilities of common area services used by the Condominium. Article Fifty-Seven : Each proprietor shall be responsible for land and property taxes and fees chargedto the Unit. In the event that the condominium as a whole receives one property tax for the entire complex, the Board shall clearly designate between individual private areas, based on relative value of each component. Taxes and fees assigned to the Units by the Board shall be prorated and paid by each Unit, independently of size due to the same value relative to the entire unit. The Board’s determination shall be obligatory to proprietors. The Manager is authorized by the General Assembly to make arrangement with the corresponding authorities to disclose individual independent accounts in regards to property and municipal tax. CHAPTER FIVE. Condominium Rental Service. Article Fifty-Eight : The Developer and its successors and cessionaries shall have exclusive rights tooperate a rental service of condominiums, under the majority-approved General Assembly guidelines. For this purpose, the condominium rental pool is an arrangement that one or more units within the condominium have agreed to be rented, through a central reservation service. Each proprietor agrees that all reservations are managed through service operated by the Developer. It is understood that some proprietors have acquired rights in this regard and are documented in the Developers files; these proprietors shall be considered as previous to this modification and shall maintain their rights as long as the property belongs to them and said rights do not infringe any of the rules established in these By-Laws. CHAPTER SIX. Architectural Control. Article Fifty-Nine : No construction, alteration, repair, extension, remodeling, variation, green areaarrangement, excavations, modifications, decorations, paint or reconstruction of visible exteriors or any improvement, including main or added residency, backyard or fences in any unit or within common areas of the Association shall be arranged or performed until specification showing nature, design, class, style, size, height, width, color, material and location have been submitted and approved in writing by the Nativa Resort Architecture Committee, which shall be comprised by no less than three and no more than five people. All Architecture Committee members shall be appointed and replaced by the Board. The Board shall be able to appoint itself as the Architecture Committee, if it decides to. Committee members appointed by the Developer may not necessarily be condominium proprietors. Members appointed to integrate the Architecture Committee by the Board of Directors must be condominium proprietors. Those individuals that present proposals or plans and specifications to the Architecture Committee (individual refers to as “applicant”) must obtain a dated receipt of said plans and specifications, and provide the Architecture Committee the address where communications from the committee can be sent. In addition to Architecture Committee’s approval and previously approved by said Committee, certain improvement to the units or common areas of the Association shall have all construction permits or other approvals from governmental offices which apply to such condominium. Article Sixty : This committee shall approve proposals or plans and specifications submitted for approval,only if it agrees that construction, alterations, additions or other construction activities contemplated herein in the indicated locations, are not detrimental to the appearance of the Condominium and the surroundings of the entire property. The appearance of any improvement shall be performed in harmony with its surrounding and structure, and aspects such as architectural construction, alterations, repairs, extensions and modifications shall coincide with the original architecture and design of condominium, that for all effects and at this moment established, shall be for the protection of green areas and shall be eminently ecological. Article Sixty-One : The Architecture Committee can condition approval of proposals or plans andspecifications, to those changes it considers adequate, and can require submission of additional plans or other information necessary to approve or disapprove the submitted material. Until Architecture Committee receives all plans, specifications or other necessary and required materials, this committee can postpone project review and approval. Previous to construction plan execution, the applicant must submit to the Committee a complete set of preliminary project work plans to be performed, in double letter-sized sheets as minimum and at least a 1:100 scale. Also, letter-sized sheet reduction copies of said plans must be included. The aforementioned must indicate the following information: Place and Location, General and architectural distribution plans, Roof plans, Façade and Cuts. Furthermore, it is recommended to include architectural detail and element diagrams to be implemented in the work. The committee shall have a 10 working day period from complete document submission date, to issue its criteria on the same, either for approval or rejection, in which case it must include its reasoning for the same. Once the preliminary plans have been approved, the applicant shall be able to submit construction plans and specification of project in question, which shall be submitted to the Committee previous to construction permit request process, from the corresponding governmental agencies. Said Committee shall have 10 working days to review and verify that the same does not present a different configuration, design, elements or finish of that previously approved in the preliminary project, and in case of approval, shall stamp said plans as gesture of approval. This stamp shall be present in all construction plans to be presented to the competing governmental agencies in order to obtain construction permit. In case said construction plans or specifications present differences in regards to preliminary plans previously approved, the Committee shall not be obligated to approve them, and reserves the right to inform competent institutions in construction permit matters that the project to be submitted does not have approval of the Committee and requisites herein established and described in the document NativaResort Development Regulations and Urban and Architectural Guidelines . Also, previous to startingconstruction work, and as requirement of such, a copy of all construction permits obtained for such effect, shall be submitted to the Committee. Article Sixty-Two : The Architecture Committee’s decisions and reasons, shall be transmitted, in writing,to the applicant, to the address indicated in the application within forty-five days after receipt of complete material by the Architecture Committee. No application shall be approved, unless the applicant receives a written approval notification from the Architecture Committee. Article Sixty-Three : Approval on behalf of this committee or any proposal, plans and specification ordrawing for any work done or proposed or in connection to other issues that require approval and consent of the Architecture Committee, shall not constitute a surrendering of rights for the approval and in any similar proposal. Article Sixty-Four : Nor the Architecture Committee, nor any of its members, nor its authorizedrepresentatives, shall be responsible of any applicant or unit proprietor for any loss, damages or harm caused by or concerning with the acts and responsibilities of the committee, unless a committee member is responsible of guilty or fraudulent behavior. Article Sixty-Five : Upon Board’s approval, the Architecture Committee shall have the right to pursuelegal recourse, necessary to avoid infringement of this chapter. In the case that the Architecture Committee prevails at Court, the Architecture Committee shall have the capacity of charging its costs and legal fees. Article Sixty-Six : this chapter is not applicable, and the Architecture Committee shall not be responsibleof rejecting or approving, any improvement made by the Developer in any unit or within the common areas of the association; provided, in any case; that additions, alterations and modifications made by the Developer within the condominium are consistent with the planned ecological design. CHAPTER SEVEN. Agreements and Acceptances of Proprietors. Article Sixty-Seven : As condition to acquire Unit Deed, each proprietor agrees and is conscious of eachand all agreements and obligations included in this declaration, without limitations, the payment of fees in accordance with rules and dispositions established in this chapter. Article Sixty-Eight : Each proprietor agrees not to sell unit to any individual, unless that individual, at thetime of purchase, transaction or exchange, issues in favor of the Association a contract, as provided by the Association, declaring that said individual is in conformance and agrees to abide each and all the agreements in these By-Laws. Article Sixty-Nine : Each proprietor agrees not to mortgage their unit, unless mortgage creditor and itscessionary issue a contractual disposition, indicating that they agree with: (a) that in the event that said mortgage credit acquires deed of unit, through execution, handed over in trust payment, said mortgage creditor shall comply with all and each of the agreements and obligations given in these By-Laws, and (b) said mortgage creditor shall accept that in order to transfer said Unit Deed, the individual must agree and abide each of the agreements herein these By-Laws. Article Seventy : In addition to other agreements herein, each proprietor acknowledges the use of thecondominium is subject to the following: (a) The unit, once built, shall only be used as a private family residence or in its place, for the use established in the Site Zoning Plans and its regulations. Any part of the Condominium shall be used for business, commerce, manufacturing, marketing or any type of nonresidence purposes, except those areas and lots that present Ground Use for the proposed purposes or in those cases of lots assigned Conditional Ground Use, which allow said use, previously approved by the Architecture Committee, (b) Excepting the General Assembly’s approval for the benefit of the entire condominium, no signs can be shown publicly on or around the exterior of any unit, including signs that advertise the sale or rent of the unit, which are expressly prohibited. The aforementioned is not applicable to the Developer to its agents in connection to the original construction or sale of the units, (c) Each proprietor shall have the exclusive right, bearing all costs, of painting, repainting, tile attachment, waxing or wall papering or any other finish or decoration of indoor walls, ceilings, windows, floors and doors within the unit and the surface of adjacent walls and unit subdivisions in the unit, furthermore, bearing all costs and expenses, substitute new indoor surface finishes on walls, surfaces, separations or ceilings, all towards the indoors, and any under circumstance shall the exterior of a residency unit be painted in such way that it does not concur with the selection for such effects, and defined in the architectural regulations approved by the Condominium Assembly. The paint selection chosen for exteriors of a one-family residency, shall be previously approved by the Condominium Architecture Committee, (d) each proprietor must maintain their unit in clean, sanitary and attractive conditions, and shall be responsible for the maintenance, repair of indoor wall surfaces, fences, windows and doors (be it glass, screen or any type of material) to the unit and electrical appliances, including, but not limited to, refrigerators, dishwashers, illumination elements, heating equipment, water heaters or stoves located in or connected inside the unit, (e) each proprietor shall have complete discretion in choosing indoor furniture and interior decoration of the unit, (f) no items of any sort, shall be stored inside the unit, except in non-visible areas of adjoining streets, common areas or other units, (g) no implement of any sort can be stored or placed by the owner in common areas. Storage in common areas is authorized only to the Association for equipment used for maintenance and operation of common areas, (h) all debris, trash and dirt shall be removed from the unit by the proprietor, and accumulation in common areas or restriction common areas is not allowed, (i) no proprietor shall be allowed to perform or cause structural alterations or modification in the unit, without previous written authorization from the Architecture Committee, (j) except in indoor yards, fences nor walls in common areas are not allowed, except those that are installed in accordance to condominium plans or approved by the Architecture Committee. A low-height hedge shall only be allowed to divide lots, and between one and the other, forty meters above internal garden level. (k) Exterior clothes drying strings of any type are to be placed, (l) nor any type of equipment that produces noise levels that surpasses sixty decibels perceived inside the unit construction with shut doors and windows, nor entertainment shops or carpentry workshops in a unit or common areas in any unit or common areas, except those that have previously established in the Condominium Master Plan and/or is considered strictly necessary by the Developers and/or Condominium. Previously approved by the General Assembly, no car or vehicle can park, or allow guests, visitors, servants or family members to park their cars or any type of vehicle in non-assigned parking spaces destined for such, that are not those assigned for said proprietor, or in visitors parking assigned areas, specifically in Common areas, (n) also not permitted are any type of trailer, camper, mobile-home, boat, inoperable vehicle or similar shall be allowed to stay in the area during the night. No type of vehicle maintenance or repair (except in emergency services) shall be allowed in any area of the Condominium Common Areas. Common area parking areas cannot be fenced. A roof can cover only those that are located within the affiliated property. The Architecture Committee, must approve, previous to starting works, roof design and structure to be used, as well as, other materials. Once approved, it shall have all the corresponding construction permits, and copy shall be submitted to the Architecture Committee, before starting work. (o) If proprietor wishes to perform an addition to the main unit within their land, understood as guest home, this construction and its management and regulation, shall be in strict accordance with the current By- Law for the said addition construction, (p) in case the proprietor of a condominium unit wishes to build an additional home to their land, it understood and expressly accepted, that it will only be the same as guest home style and unit. (q) animals and mascots in units and common areas, including restriction areas, are allowed only in private areas, and in no way are allowed in common areas, nonetheless, those animals or pets that disturb the peace and tranquility of the condominiums, or use and pleasure of the unit by other proprietors, according the Board’s determination, shall be absolutely prohibited. For such effects of the current clause, pets shall be only be understood as the following: domestic cats, legal birds, turtles, domestic rodents and dogs with a maximum height of thirty centimeters from floor to chest, and under any circumstance are the following dog races allowed: rottweiler, pitbull terrier, Doberman or any other type of classified nationally or internationally as fight or guard dogs. In any of these cases, as mentioned above, the possession of pets shall be restricted to the aforementioned animals and only by the majority of the General Assembly, which can vary the criteria of accepting or not, animals outside the parameters herein established. A maximum of two pets, same or different species, are allowed per condominium. In any case, the allowed pet must necessarily be confined to the private areas and under absolute responsibility of the condominium, even though they are not the owners of such and belong to guests or tenants. The possession of pets and the responsibility to third parties, shall also be governed by the current laws of the country, (r) no explosives, flammable materials, chemicals or, dangerous or toxic materials shall be stored in any unit or common areas, which can endanger the health, safety or pleasure of the condominiums or that produce bad odors, fumes or irritation to others, according to that determined by the Board, (s) also prohibited are loud radios, television or any other source inside the unit or common areas, including restriction common areas, and that might disturb other proprietors, according to that determined by the Board, and that surpasses sixty decibels inside the private areas built as established by power machines, (t) also not allowed is to burn inside or outside any unit or common area, including common restriction areas, (u) it is prohibited to engage in any act or involvement in any conduct with adverse effects towards the use and pleasure of the condominium on behalf of other proprietors in criteria of the Board or of the General Assembly, and is obligatory of the condominiums, its guests or tenants, to look after the décor and limit to all or any activity against the moral and good customs, especially in common areas of the condominium. Improper, lascivious and sexual behavior in common areas, even amongst married couples, are absolutely prohibited, the Manager and a condominium, shall submit to the Board of Directors of the Condominium a formal written complaint against the observed behavior and support case evidence, if the Board of Directors deems it necessary, and shall apply a penalty fee of One Thousand US Dollars, which shall increase every time a conduct of this nature is submitted, if non-payment is consequence of not paying the maintenance fees herein set forth. Article Seventy-One : Each proprietor, including the Developer, must cover maintenance andconservation appearance of all parts of the unit and adjacent common restriction areas, including their own construction, balconies, walls, windows, yards, hallway, indoor gardens and drainage facilities, which are part of the unit and of the common restriction areas (except those that are maintenance responsibility of the Association), so that at all times the unit presents a nice and attractive appearance, free of weeds, trash and debris. Each proprietor shall contract indoor maintenance and improvement services, and in charge of third parties, provided that all times these individuals shall be under supervision of the proprietor, which shall be responsible for any incurred damages or losses caused by these individuals. No proprietors should interfere or damage common areas or install green areas, improvement or alteration of common areas, or interfere with the Developer or the Association in regards with the maintenance of a common area. Only those species that are previously approved by the Architecture Committee can be planted, in order to avoid the introduction of alien species to the habitat created for the condominium, and preferably must plant endemic zone species. Also not allowed are planting species of fruits and/or vegetables that have not been previously approved, in order to avoid the attraction of animal and/or insect species, which might represent a threat to proprietors and visitors of the condominium in general or to the vegetation itself. Article Seventy-Two : The General Assembly, through the Board or Manager, shall have the exclusiveright to improve, maintain, repair and alter or modify common areas or those that by judgment, can deteriorate the quality of the condominium and all the installation or improvement of common areas, and shall not be permitted that any proprietor make or hire to make, any of said work. Article Seventy-Three: The rights and duties of the proprietors in regards with sanitary aqueducts,aqueducts, electricity, telephone, cable television and air conditioning lines, shall be regulated by Law and other related laws and regulations governing public service lines. It is the lot proprietors’ responsibility to perform corresponding work connection, which in shall be contemplated in the technical recommendation that for said effects shall be established by the responsible design engineer of said work. Article Seventy-Four : Each proprietor agrees that the swimming pool, spa and recreational areas, aswell as common use areas, are limited to the schedule established by the Board, and shall be used within these hours by the occupants or building proprietor and occasional guests. This is in case said facilities are within common areas, without detriment of own property, each condominium could build their own indicated facilities. All those individuals authorized to use the swimming pool, spa and recreational areas, shall be instructed on the use of the same with the same form of tranquility, comfort and welfare of the proprietors and occupants of these adjacent properties, particularly during morning and night hours. Article Seventy-Five : The lease, sub-lease or allocation and cession of rights to each unit, does notexempt proprietor to comply with all and each one of the obligations imposed on proprietors in this declaration and the Law. CHAPTER EIGHT. Remedies and Warranties. Article Seventy-Six : Breach of this Declaration on behalf of a proprietor or individual acting on behalf ofsaid proprietor, shall be subject to the consequences and remedies of this declaration and the Law. Remedies shall be accumulative in the event of more than one breach. In the event of repeated breach, the General Assembly shall determine if proposed remedies of this chapter are inadequate to regulate the specific situation, and the General Assembly shall impose additional remedies that the General Assembly considers adequate according to the circumstance. Article Seventy-Seven : Each proprietor accepts and agrees with (a) said proprietors shall have anopportunity to read this declaration and seek legal counseling prior to acquiring condominium unit deed, (b) said proprietor voluntarily accepts to complete all and each of the agreements and obligations stipulated in this declaration, including, without limitation, the obligation to abide by this chapter, pay fees and comply with rules established by the Board and General Assembly, (c) the price of said proprietors pays or shall pay, in regards to the acquisition of their unit, is based on part on the agreement of said proprietor in completing all and each of the agreements herein this Declaration, including, without limitation, the obligation to abide by this chapter, pay fees and comply with rules and regulations provided by the Board and the General Assembly, (d) when acquiring a unit deed inside the condominium, each proprietor is trusting the agreement that the other proprietors have to comply with the obligations in this declaration, (e) if said proprietors fail to comply with all or any of the agreements stipulated in this declaration, it shall cause material damage and injury to the Association and to each one of the proprietors, including the Developer. Article Seventy-Eight : Proprietors, can be obligated to insure against accidents in common areas thatare in charge of the Condominium Association. Material surface and finish in sectors within common areas and/or outer gardens shall be approved by the Condominium or Sub-Condominium Association, as deemed necessary. Article Seventy-Nine : It is now established and as an obligatory rule, the respect of access easementscreated previous to submitting the property to the regime of condominium in this same deed. Article Eighty : from now on, it is established that with disposition set by the Architecture Committee, atype of viewpoints is established, in such way that all condominium shall abide said dispositions set by the committee, in regards to viewing rights of a lot located above another, and which shall be maintained albeit construction performed in the lot below. The Architecture Committee shall not approve any design which contempt against another condominiums’ viewing rights against a lot located above. Article Eighty-One : AGREEMENT REGARDING CONFLICT RESOLUTION: With the intention ofpromptly resolving any differences, voluntarily, all controversies or differences that can derive from the current By-law, and that in a period of fifteen calendar days cannot be resolved through negotiation, shall be submitted to: A. in first instance, through a mediation procedure, which cannot in any case, exceed thirty calendar days, and B. in the event that conflict persists, in its entirety or partially, the parts agree to submit to an equitable arbitration, which shall not exceed more than sixty calendar days. Said process shall be performed in the Conciliation and Arbitration Center of the Costa Rican Real Estate Chamber, or in its place, the US Chamber of Commerce of the Republic of Costa Rica, and in conformity with the Alternative Conflict Resolution and Promotion of Social Peace Law, number seven thousand seven hundred twenty seven of the Republic of Costa Rica, as well with the effective By-Laws and procedures in said Centers at the moment that dispute arises. The Conciliation and Arbitration Center shall assign a mediator, as well as allocating three members of the Arbitral Tribunal. In case of mediation, process costs, shall be covered by both parties in equal percentages, independently of reaching an arrangement or not. In case of arbitration, each party shall cover costs during the process, and shall be the losing party who shall restore the same to the winning party during the term determined by the arbitrator. Article Eighty-Two : STAY. If for any reason, any of the clauses in the present By-law, results annulled,relative or absolute, or was declared unconstitutional, unless if dealing with the object itself or any of the essential elements of the condominium, said clause shall be eliminated from the present by-law, but the effectiveness and validity of the whole, shall continue in force, eliminating only said referenced clause. Article Eighty-Three: Maximum speed for any type of vehicle traveling through the condominium shallbe set at twenty-five kilometers per hour; condominiums accept and acknowledge and shall acknowledge that in regards to vehicle circulation, they shall be governed by the National Transit Law and related laws, as well as corresponding lawful regulations. Article Eighty-Four : Manager appointment, shall be in one-year periods, and extended in equal periodson behalf of the Board of Directors. It corresponds to the Board of Directors, the appointment of manager and shall be confirmed by the Ordinary General Assembly of Condominiums. Manager compensation shall be set by the Board of Directors and included in the ordinary yearly budget END
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