HAMMOCK BEACH ESTATES HOME OWNER’S ASSOCIATION, INC.

P.O. Box 350668

Palm Coast, Florida 32135

www.hbehoa.com

Announcement of and Agenda for Special Membership Meeting

Thursday, May 3, 2007, Beginning at 7:00 p.m.

Hammock Community Center, Malacompra Road

Reason for Meeting: To complete a membership vote on two alternative proposals for beautifying the pool area. Time will also be provided for members to ask questions of the Board on other matters or to raise issues for the Board’s consideration. No other matters will be officially voted upon at this meeting.

Agenda

Calling the Roll, Certifying Proxies,

Proof of Notice of the Meeting

Selection of vote counters (3)

Presentation of Alternative proposals—questions and discussion

Casting of ballots

Report of vote counters

Implementation responsibility and timeframe for selected proposal

Questions of the Board and Issues for the Board’s Consideration (each member can speak for up to 3 minutes)

Adjournment

Voting Procedures

Prior to the start of the meeting, the secretary will accept proxy forms and absentee ballots only.

Ballots will be provided to those in attendance.

Members in attendance will mark and cast their own and any proxy ballots at the designated time following the presentation and discussion of the alternative proposals.