Subject to the restrictions in Section 4 of Article IV hereof; these By-laws, or any of
then, may be altered or repealed, or new By-laws may be made, at any meeting of the
Association duly held for such purpose, and prior to which written notice to Unit Owners
of the exact language of the amendment or of the repeal shall have been sent, a quorum
being present, by an affirmative vote of 51% in number and in interest of the votes
entitled to be cast in person or by proxy, except that (i) the first annual meeting may
not be advanced, (ii) the first Board (including replacements in case of vacancies) may
not be enlarged or removed, (iii) the obligation or the proportionate responsibility for
the payment of Common Expenses with respect to Units or the Common Elements may not be
changed by reason of any such new By-law, amendment or appeal, or (iv) no such new By-law,
amendment or repeal shall in any way affect (a) the Declarant, including any successor
Declarant unless the Declarant has given its prior written consent thereto. The amendment
takes effect upon recording at the Rockingham County Registry of Deeds.
