Unless otherwise expressly provided, the following words an d phrases when used in this Declaration or any amendment thereto shall have the meanings hereinafter specified.

Section 1.01. Annexable Area. "Annexable Area" shall mean the real property described in Exhibit "E" attached hereto and incorporated herein by this reference, all or any portion of which may from time to time be made subject to this Declaration by Declarant pursuant to the provisions of Article XV hereof.

Section 1.02. Architectural Committee. "Architectural Committee" shall mean the Architectural Review Committee created pursuant to Article IV of this Declaration.

Section 1.03. Articles. "Articles" shall mean the Articles of Incorporation of the Association as filed or as will be filed in the Office of the Secretary of State of the State of California, a true copy of which ia attached hereto, marked Exhibit "B" and incorporated herein by this reference, as such Article may be amended from time to time.

Section 1.04. Assessment, Annual. "Annual Assessment" shall mean a charge against a particular Unit Owner and his Condominium, representing a portion of the costs of maintaining, improving repairing and managing the Project and all other Common Expenses, including operation costs for the Common Areas, which are to be paid by each Unit owner to the Association for Common Expenses as provided herein.

Section 1.05. Assessment. Capital improvement. "Capital Improvement Assessment" shall mean a charge against each Unit owner and his Condominium, representing a portion of the coat to the Association for installation or construction of any capital improvements on any of the Common Areas which the Association may from time to time authorize. Such charge shall be levied among all of the Condominiums in the Project in the same proportion as Annual Assessments, as provided herein.