DECLARATION OF ANNEXATION

(Hidden Pointe)

WITNESSETH

WHEREAS, a certain Master Declaration of Covenants, Conditions, Restrictions and Easements for Castle Pines North was recorded on October 22, 1984, in Book 544 at Page 588, Reception No. 338148, in the office of the Clerk and Recorder of Douglas county, Colorado, as amended and supplemented from time to time ("Master Declaration"); and

WHEREAS, Hidden Point Homeowners Association, Inc. is a Colorado nonprofit corporation created for the purposes, charged with the duties, and invested with the powers prescribed by law, the Colorado Common Interest Ownership Act, its Articles of Incorporation, Bylaws, and the Declaration of Covenants, Conditions and Restrictions of Hidden Pointe recorded May 20, 1996 in Book 1342, Page 1655 in the office of the Clerk and Recorder of Douglas County, Colorado ("Hidden Pointe Declaration"); and

WHEREAS, the Hidden Pointe Homeowners Association, Inc. is authorized by the owners of property subject to the Hidden Pointe Declaration and the Hidden Pointe Declaration Amendment to execute this Declaration of Annexation for and on their behalf; and

WHEREAS, the property subject to the Hidden Pointe Declaration and the Hidden Pointe Declaration Amendment is described in Exhibits A and B to the Hidden Pointe Declaration, and is hereafter referred to as the 'Property"; and

WHEREAS, the Property constitutes "Adjoining Lands" as defined in the Master Declaration; and

WHEREAS, Section 3.6 of the Master Declaration permits the application to subject Adjoining Lands to the Master Declaration by the owner or owners of such Adjoining Lands, and upon consent of the Board of Directors of the Castle Pines North Association, Inc. ("Master Association") the Adjoining Lands may be annexed into the Master Association; and

WHEREAS, the Hidden Pointe Homeowners Association, Inc. and the Master Association have previously entered into an Amended and Restated Parks Authority Agreement (continued on next page)