b. check FoR otagainst (the Board is recommending you check FoR). a. Fill in your unit number and building address.

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1 A}v{FASS.AD(}R.S EAST Ambassadors East condominium Association, Inc South Ocean Blvd., Highland Beach, FL October 6,2014 Dear Ambassadors East Condo Owner: Attached you will find a copy of the proxy to be used for voting on the reserves included with the PROPOSED 2015 Budget to be discussed at an upcoming Members Meeting upon adiournment of the Board of Directors Budset Meeting on Wednesday, November 5,2014 at 7:00pm at the Ambassadors East Building 3 Social R""- located at32l5 South Ocean Blvd., Ilighland Beach, FL PLEASE RETURN THIS PROXY TO THE ADDRESS ABOVE BEFORE tt/05114 OR for your convenience' you may fax it to '3214 OR to ambassadors@apmanagement.net. An important issue for consicleration is the funding of the reserves. This is a long-term issue and historically has not been fully funded. As was agreed to last year, a $286,000 contribution was made to this fund in As was the case last year, we are required to either fully fimd the reserves or to waive this requirement by a majority vote of those represented in person or by proxy" The Board of Directors is recommending a FOR vote partially funding the Reserves in the amount of $302,000 in theassociation's 2015 Proposed Operating Budget and Reserve Schedule (which will result in lower monthly maintenance assessments than a fully funded budget). you are urged to attend the meetings on November 5th, when the full budget will be discussed and a vote will be taken on the issue of the waiver. If we do not achieve a majority vote of those represented in person or by proxy in favor of the waiver to fully fund the reserves for the 2015 budget, maintenance costs will be in excess of $2,217 per quarter as shown in the enclosed budget. If you cannot attend the meeting, please vote by utilizing the enclosed Limited Proxy. INSTRUCTIONS FOR COMPLETING THE PROXY A}{D/OR BALLOT A}[D VOTING CERTIFICATE l. Complete the Voting Certificate in its entirety. 2. Complete the Proxy ONLY lf YOU WILL NOT BE IN ATTENDANCE AT THE MEETING a. Fill in your unit number and building address. b. check FoR otagainst (the Board is recommending you check FoR). c. Return the Proxy and the voting certificate in the envelope provided. 3. IF you ARE ATTENDING THE MEETING' please bring the BALLOT with you and complete at the meeting. Thank you for your attention to this matter. We look forward to seeing you on Wednesday, November 5th at 7:00pm in the Building 3 Social Room. Sincerely, The Board of Directors

2 AMBASSADORS BAST CONDOMINIUM ASSOCIATION, INC. (THE".ASSOCIATI0N") LIMITBD PROXY The undersigned (s) of Unit of AMBASSADORS EAST CONDOMINIUM ASSOC., INC., (the with a street address of (address), hereby appoint(s) (insert prory holder's name, or if left blank, the Secretary of the Association) as my true and lawful Proxy with powers of substitution as my proxy holder to attend the Special Members Meeting of the Association to be held on Wednesday, November 5,2014 at 7:00pm at the Building 3 Social Room ofambassadors East, located at3215 S. Ocean Blvd., Highland Beach, FL33487, upon adjoumment of the Board budget meeting. The proxy holder named above has the authority to appear on my behalf for purposes of establishing a quorum. I hereby ratifo, and confirm any and all acts and things that the proxy may do or cause to be done, whether at the meeting or at any change, adjoumment or continuation thereof, and I hereby revoke all prior proxies previously executed. I hereby instruct my proxy to vote as follows as to the following issue(s): Vote on whether to partially fund statutorlr reserves for the 2015 fiscal year Vote FOR partially funding the Reserves in the amount of $302,000 as identified on the attached 2015 proposed Operating Budget and Reserve Schedule (which will result in quarterly maintenance assessments of $1,760). Vote AGAINST partially funding the Reserves in the Association's 2015 Proposed Operating Budget and Reserve Schedule (which will result in quarterly maintenance assessments of $2,217). If no box is checked, the vote will count toward fully funding the 2015 Reserves. WAIVING OF RESERVES, IN WHOLE OR IN PART OR ALLOWING ALTERNATWE USES OF EXISTING RESERVES MAY RESULT IN UNIT OWNER LIABILITY FOR PAYMENT OF UNAIITICIPATED SPECIAL ASSESSMENTS REGARDING THOSE ITEMS. DAIED this _ day of *'-,2014. Signature(s) of Owner: This proxy must be fited with the Secretary of the Association prior to the meeting scheduled for November 5, 2A14, at appoint a substitute proxy holder. SUBSTITUTION OF PROXY The undersigned, appointed as proxy above, does hereby designate to substitute for me in the Limited Proxy set forth above. DATED this day of,2014 PROXY SIGNATURE THIS LIMTTED PROXY IS REVOCABLE BY THE OWNER.AND IS VALID ONLY FOR THE MEETING FOR WHICH IT IS GIVEN AND ANY LAWFULADJOURNMENT" IN NO EVENT IS THE LIMITED PROXY VALID FOR MORE THAN NINETY (90) DAYS FROM THE DATE OF THE ORIGINAL MEETING FOR WHICH IT WAS GIVEN.

3 AMBASSAI}ORS EAST CONDOMINIUM ASSOCIATION, INC. BALLOT Vote on whether to partially fund statutory neserves for the 2015 fiscal year. l--l Vote FOR partially funding the Reserves in the amoutrt of $302,000 as identified on the altached L-J 2015 proposed Operating Budget and Reserve Schedule (which will result in quarterly maintenance assessments of S1,760). Vote AGAINST partially funding the Reserves in the Association's 2015 Proposed Operating I I Budget and Reserve Schedule (which will result in quarterly maintenance assessments of $2,217). WAIVING OF RESERVES,IN WIIOLE OR IN PART ORALLOWING AIjTERNATM USES OF EXISTING RESERVES MAY RESULT IN UNIT OWNER LIABILITY FOR PAYMENT OF UNA}ITICIPATEI} SPECIAL ASSESSMENTS REGARDING THOSE ITEMS.

4 AMBASSADORS EAST CONDOMINIUM ASSOCIATION' INC. DATE: WEDNESDAY. NOVEMBER 5,2414 HOUR: 7:00 P.M. PLACE: 3215 SOUTH OCEA I BOULEVARI) IrIGrrLAllD BEACH, FLORTDA BUILDING 3 SOCIAL ROOM AGEI\DA AGENDA F'OR BUDGET MEETING 1. Call to Order 2. Proof ofnotice 3. Certification of Quorum 4. Members'Comments 5. Board Vote toapprove 2015 Budget 6. Other such business as may normally come before the Board 7. Adjournment SPECIAL MEETING OF THE MEMBERS TO VOTE ON THE WAIVING OF'RESERVBS (immediately following the Board of Director Meeting) AGEI\DA l. Call to Order 2. Proof ofnotice of Special Meeting 3. Certification of Proxies and Determination of a Quorum 4. Membership Vote on Waiving of Reserves 5. Adjournment DATED this 6th day of October20t4 The Board of Directors Ambassadors East Condominium Association, lnc.

5 AMBASSADORS EAST CONDOMINIUM ASSOCIATION, INC. VOTING CERTIFICATE (If more than one ) We, the undersigned s of Unit of AMBASSADORS EAST CONDOMINIUM ASSOC., INC., hereby designate,, to cast our unit's vote. Signed, (all s) Dated