Annual Meeting November 16 th , 2009

1. Regal Manor Home Owner’s Association Annual MeetingNovember 16th, 2009

2. Regal Manor HOA Annual MeetingAgenda • Community sign-in • Welcome [Chris Borglin] • Establishment of quorum [Rita Barrett of Kuester Management] • Call to order [Chris Borglin] • General update on the community [Chris Borglin] • Community growth • Advisory Committee updates • Committee Update [Bryan Antley] • Activities of the various committees • Review committees – roles/responsibilities, current membership, opportunities going forward • Community involvement in committees • Community safety and legal update [David Yerty] • Accomplishments and focus • Plans • Review of common areas and lights under community responsibility • Other legal updates of interest for the community • Election of new Advisory Committee Member [Rita Barrett] • Introduction of process • Presentation of candidates • Written voting by community • Financial/Budget Update [Carl Ford] • Current budget status – Accounts Receivable emphasis • Budget vs. “working” 2009 budget • 2010 Budget • Announce winner of election • Community Q&A • Adjourn

3. Regal Manor HOA Annual MeetingWebsite Logon to the community website: http://www.kuesterproperties.com Or contact Rita Barrett: Rbarrett@kuester.com

4. Regal Manor HOA Annual MeetingCommunity Roles & Responsibilities • Board of Directors • Management Company • Advisory Committee • County • Law Enforcement/Private Security • Residents

5. Regal Manor HOA Annual MeetingCommunity Growth +59% +17% • 65% growth over two years

6. Regal Manor HOA Annual MeetingCommittees • Advisory • Social • Pool • Communications • Landscaping • Neighborhood Watch

7. Regal Manor HOA Annual MeetingCommunity Information DevelopmentCommon Area(sq.ft./acres)Streetlights Baden Village 97,179/2.23 37 Balmoral 209,388/4.8 24 Fallbrook 244,281/5.61 32 Regal Manor 22,947/0.53 6 Stanton Heights 121,985/2.8 15 Wellesley Ford 26,040/0.6 10 721,820/16.57124

8. Regal Manor HOA Annual MeetingNeighborhood Watch • York County Sheriff’s Office • http://www.yorkcountysheriff.com • Crime Prevention • http://www.stopcrime.us/residential.htm • INCIDENTNo. of CallsINCIDENTNo. of Calls • Accidents 0 Parking Problems / Complaints 0 • Alarms - Residential 0 Prowler Calls 1 • Alarms - Fire 0 Public Intoxication 0 • B&E Auto 0 Resisting Arrest 0 • B&E Residential 0 Stolen Vehicle 0 • Disobeying Officer - Arrest 0 Stolen Vehicle Recovered 0 • Disorderly Conduct –Arrest 0 Suspicious Person/Vehicle 6 • Disorderly No Arrest 2 Theft - Arrests 0 • Domestic Calls 2 Theft - No Arrest 0 • Drug Arrests 0 Trespass Warnings 0 • DUI - Arrests 0 Trespass - Arrest 0 • Fires 0 Vacation Home Checks 1 • Found Property 0 People in pool after hours 0 • Loud Noise/Music 6 911 Hang-up 1 • Misc. Calls 11 Assualt 0 • MV Tickets Subdivisions 0 Possession Stolen Property 0 • MV Warnings 27 No SolicationWarnings 1 • How Can You Help?

9. Regal Manor HOA Annual MeetingAdvisory Committee Nomination • Overview • Strong community focus • Ability to represent the interests of the community at large taking into consideration the impact of decisions on the various neighborhoods so actions are fair across the entire community • Orientation to work in a cooperative, consensus-driven group • Good communication skills being open to and encouraging communication from other committee members, the management company, the Board of Directors and the community • Ability to be a steward of the community budget and assets and to make decisions to the benefit of the overall community • Able to dedicate the time and energy required to do justice to the committee responsibilities and not overburden other committee members with the work at hand • Election Process

10. Regal Manor HOA Annual MeetingFinancials Accounts Receivable - Money legally owed to the HOA for dues (including accrued interest) that have not been paid by homeowners. At October 31, 2009, total Accounts Receivable was $44,500 - which is approximately 20% of this year's Assessment Revenue through October. By comparison, at this time last year, Accounts Receivable was $19,500, which was approximately 12% of 2008's Assessment Revenue through October.

11. Regal Manor HOA Annual MeetingQuestions Logon to the community website: http://www.kuesterproperties.com Or contact Rita Barrett: Rbarrett@kuester.com