Member shall pay a one-time ….

Member shall pay a one-time upfront payment of twenty-five percent (25%) of the total Amenities fee at the close of Escrow and make seven (7) equal annual installment payments of the remaining balance. Each annual payment will be due and payable on the anniversary of the date of purchase until the principal amount, including the finance charge, is paid in full.

2.2.2. The annual finance charge on matured, unpaid amounts shall be one percent (1%) per month (APR of 12%) paid annually on the outstanding balance.

2.2.3. In the event that a unit changes ownership before the Amenities fee is paid in full, the balance due must be paid before transfer is complete.

2.2.4. All co-occupant nonowners and qualified permanent residents must pay the Amenities fee in advance without an option to finance.

3. MEMBERSHIP CERTIFICATE AND MUTUAL STOCK CERTIFICATE PROCESSING FEE:

3.1. GRF shall issue one membership certificate per unit.

3.2. GRF shall issue one stock certificate per unit in Mutuals 1-12 and 14-16. They may contain one or more names.

3.3. . To cover the cost of preparing, recording and/or replacing either or both certificates, a certificate processing fee of two hundred fifty three hundred dollars ($300250) will be charged in advance each time any of the certificates are changed or altered.

3.4. Thecertificateprocessing fee will be waived when a Member elects to remove a deceased co-owner from the title and have new certificates issued. The fee will be waived only within one (1) year of the owner’s death and will not be waived for other transfer requests such as the replacement of lost certificates, or the addition or removal of Member owners or non-resident coowner( s).

4. TRANSFERFEE–IN ESCROW:

The seller of a Mutual share of stock shall pay a transfer fee of five hundred six hundred dollars ($600500) to cover the cost of transferring ownership(s).

5. PROCESSINGFEE

Co-Occupant and Qualified Permanent Resident shall be charged a processing fee of one hundred and twenty dollars ($120100) to cover the set up and processing costs.

6. MUTUAL CORPORATION FEES

Each Mutual represents a fully independent corporation and as such may establish fees applicable to the Mutual. GRF operates as the management company for the Mutuals and will, as part of its duties, apply and collect Mutual Fees in accordance with established Mutual policies/rules.

7. STOCK TRANSFER LEGAL REVIEW OF TRUST FEES 7.1. Uponarequestedtransfer of stock ownership by a Trust, either by the sale of a unit or an in-house ownership transfer, Probate Code §18100.5 delegates to the GRF the right to request the current acting trustee or successor trustee to provide either a certification of trust, or a copy of the trust. The following procedures will be is implemented.

7.1.1. Any trustee or successor trustee seeking to transfer the ownership of a mutual unit, either by the sale of the unit through escrow or an in-house ownership transfer, will be required to provide the Stock Transfer Office a Certification of Trust, or, a copy of the Trust document for the GRF attorney to review prior to any completed transfer of ownership.

7.1.2. The Stock Transfer Office shall not proceed with any sale or transfer of ownership via a trust document prior to the GRF attorney reviewing the trust and providing in writing a letter of release allowing the Stock Transfer Office to proceed.

7.1.3. In an effort Tto offset the cost of the required GRF attorney review, there shall be assessed to the trustee or successor trustee, a fee of one hundred twenty-five fifty dollars ($150125) representing the attorney’s fee and GRF’s pro-rated staff time, to be collected at the time of the trust review.

8. LESSEE ANNUAL AMENITIES FEE FOR ALL MUTUAL 17 LEASES INITIALLY DATED PRIOR TO JANUARY 1, 2021 AND SUBSEQUENT RENEWALS.

8.1. The GRF annual Lessee Amenities fee is a required use fee for access to the Trust facilities, amenities, and participation in GRF activities. The Lessee fee is calculated at twenty-five percent (25%) of the GRF annual assessment rounded up to the nearest dollar for each occupant.

8.2. The required annual Lessee Amenities fee payment is due and payable in full on the date of the lease agreement. No monthly payments can be made.

8.3. If delinquent, the current (before January 1, 2021) Mutual 17 Lessee, shall pay damages to reimburse GRF for its expense and overhead in collecting the payment as follows: 8.3.1. A twenty-five dollar ($25) late fee, and 8.3.2. Interest at one percent (1%) per month (APR of 12%) from the original date due until the date the full payment is received.

8.4. Inadditiontolatefees, for each check from a Lessee that a bank returns for any reason, the Lessee must pay a twenty-five dollar ($25) returned check fee, and all bank charges assessed against the association.

8.5. If a Lessee becomes more than ninety (90) days delinquent, the Lessee will receive a 30-day notice of GRF's intent to suspend the right to use GRF amenities and Trust facilities, including driving privileges upon GRF Trust streets. GRF may also refer the Lessee account to an attorney or collection agency for appropriate action. All fees incurred by an attorney or collection agency to recover the delinquent amounts will be assessed to the Lessee.

8.6. GRF reserves the right to collect the delinquent account for the Amenities fee from Lessor.

8.7. Lessee Amenities fees shall be allocated as stated in Section 1.7.

9. The fee for verifying Powers of Attorney and Court Orders will be seventy-five ninety dollars ($9075) per document, per review.

10. The fee for additional Leisure World maps will be one dollar ($1) per map (shareholders excluded).

11. AllFeesaresubjectto annual review and are subject to change.

•••

Stock Transfer

20232 STOCK TRANSFER OFFICE SCHEDULE OF FEES GRF Amenities/Co-Occupant Fees Member Amenities Fee $4,301 40-5061-2 Fees Co-Occupant Amenities Fee $4,301 40-5061-2 Fees 1 co-occupant per unit only. Co-Occupant Setup Fee $100$120 40-5061-2Fees Transfers of Stock

Certificate Preparation Fee $250$300 40-5061-2Fees Adding or deleting an owner or replacing lost certificates. Membership Transfer Inspection Fee $250 to $750 Policy 7545/Rules Fee varies from Mutual to Mutual. Legal Review of Certification of Trust Fee $125$150 40-5061-2Fees Fee represents attorney’s fee and GRF pro-rated staff time and is collected at time of request.

Legal Review of Powers of Attorney and Court Orders Fee (if necessary) $75 $90 40-5061-2 Fees Fee represents attorney’s fee and GRF pro-rated staff time and is collected at transfer. Mutual Two, Three, Five, Six, Nine, Ten, Eleven, $500 to $750 Board Resolution Fourteen & Fifteen Buyer Premium Fee

Escrow Fees

Escrow Transfer Fee $500$600 40-5061-2Fees Escrow Inspection Processing Fee $500to$1,500 Policy7525 Also known as Withdraw Inspection Process Fee. Fee varies from Mutual to Mutual. Escape Tax Withholding Deposit $3,000 - $5,000 Policy 7709.1/ Rules Fee varies from Mutual to Mutual. Deposit refunded after release from O. C. Tax Assessor. Inspection Withholding Deposit $6,500 to $10,000 Policy 7530/ Rules Also known as Repair Deposit. Deposit varies by Mutual and is refunded 6-8 weeks after close of escrow. Legal Review of Certification of Trust Fee $125$150 40-5061-2Fees Fee represents attorney’s fee and GRF pro-rated staff time and is collected at time of request. Legal Review of Powers of Attorney and Court Orders Fee (if necessary) $75 $90 40-5061-2 Fees Fee represents attorney’s fee and GRF pro-rated staff time and is collected at escrow. Mutual Two, Three, Five, Six, Nine, Ten, Eleven, $500 to $750 Board Resolution Fourteen & Fifteen Buyer Premium Fee

ID Cards, Maps and Passes

Replace Lost ID Card – 1st loss $20 40-1201-2 Fees Subsequent replacement ID Card within 24 mos. $50 40-1201-2 Fees Replace Realtor’s Pass – 1st loss $50each 40-5580-2Entry Passes – Fees Replace Realtor’s Pass – 2nd loss $75each 40-5580-2Entry Passes – Fees Purchase Map for Non-Shareholders $1 each 40-5061-2 Fees Replace Caregiver Pass $20 40-5580-2 Entry Passes – Fees Rental

Renter/Lessee 40-3182-2Fees ID Card Not Surrendered $500 40-1201-2 Fees Rental/Lessee Fine, Fees and Deposits 40-3182-2 Rental/Lessee Policies and Rules varies per Mutual

••• One policy for tentative vote to adopt:

Physical Property 60-5000-1 Use of Community Facilities, Dumpsters at 1.8 Acres - Rules

These rules apply to the Golden Rain Foundation (GRF) dumpsters located in the area known as the 1.8 acres and to GRF Authorized Residents, caregivers, visitors, and business operators The Physical Property Department (PPD) is authorized to verify the status of any user and may enlist the Security Department and/or other agencies to enforce these rules.

1. PURPOSE

The purpose of these rules is to properly manage the use of the dumpsters located at the area known as the 1.8 acres.

2. GENERALREGULATIONS The PPD is responsible for the fair and equitable use of the dumpsters located in the area also known as the 1.8 acres. The PPD will also be responsible to ensure that all the conditions of these rules are followed.

2.1. The dumpsters are for the use of GRF Authorized Residents. They may be required to show their GRF ID to an attendant prior to using the dumpsters.

2.2. Authorized Residents must be present when items from their residences are deposited in the dumpsters, but an authorizing document, such as the GRF ID of the related Authorized Resident, may be presented instead by a representative of the Authorized Resident.

2.3. GRF Members are responsible for the actions of all those associated with their property, including the following: Qualified Permanent Residents, Co-occupants, Renters/ Lessees, Caregivers, Contractors, and visitors and will be held responsible for any fees, fines or disciplinary consequences incurred by them. See Policy 30-5093-1, Authorized Resident Rules of Conduct.

2.4. Onlyitemsoriginating within Leisure World may be placed in the dumpsters.

2.5. For safety and liability concerns, entering a dumpster is not allowed except as may be required to deposit an item. Entering a dumpster to remove an item is forbidden. Large signs noting this rule may be displayed near the dumpsters.

2.6. In general, except for contractors employed by the Mutual remediating termite/ dry rot issues, business operators doing work within Leisure World may not deposit the remnants of their business operations in the dumpsters.

2.7. Noitemsmaybeplaced outside of any dumpster. If all dumpsters are full, items must be returned at a time when space in a dumpster is available.

2.8. Cardboard items must be broken down and deposited in the dumpster identified for cardboard items.

2.9. Metal items must be deposited in the dumpster identified for metal items.

2.10.Reusable household items, especially large furniture items, may be recycled by taking them to a nearby thrift store or by calling such a store or a junk hauler for a pickup at the residence.

3. HOURS OF OPERATION

9:00 a.m. to 5 p.m. Monday through Saturday