LAKE HIGHLANDS IMPROVEMENT DISTRICT CORP

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(C) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF AND TO SUPPORT THE LAKE HIGHLANDS PUBLIC IMPROVEMENT DISTRICT (THE "LH PID") BY MANAGING AND IMPLEMENTING PUBLIC IMPROVEMENTS WITHIN THE LH PID.