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3.4.2 Rights with respect to a Neighborhood membership shall be exercised by the Neighborhood Board on behalf of the Owners whose Units are located in the Neighborhood, 3,4.3 No Person holding a security interest in any part of the Property shall be a Member of the Master Association solely by reason of such interest, 3.4.4 Additional memberships in the Master Association may be created only by (i) subjecting additional property to this Master Declaration, and for any portion of the additional property that consists of Residential Units, designating the annexed property as one or more Neighborhoods, or (ii) by subdividing a Neighborhood or a Nonresidential Unit, all in accordance with this Master Declaration. 3,4.5 Memberships may be combined upon the combination or divided upon the division of one or more Neighborhoods or Nonresidential Units as provided in Section 3.3.2. One membership shall attach to each surviving Neighborhood Association, Nonresidential Unit, of Residential Rental Unit. 3.5 Member Voting. Each Neighborhood Association shall be entitled to one vote in the affairs of the Master Association. The owner of each platted lot upon which a Nonresidential Building is located or intended to be located, including outlots, or a Residential Rental Unit, shall be entitled to one vote in the affairs of the Master Association for each such platted lot owned. The vote shall be exercised by the Member as provided in the Master Bylaws. 3.6 Master Bylaws, The Master Association shall have Master Bylaws. The Master Bylaws shall govern the operation and administration of the Master Association, subject to this Master Declaration in the event of a conflict, The Master Bylaws shall be binding upon all Members, Owners and Occupants, and their invitees, all secured parties and all other Persons holding or acquiring any interest in the Property. 3.7 Master Board of Directors, The Master Associations affairs shall be administered and managed by the Master Board of Directors, as provided in the Master Bylaws. Directors shall be elected, serve and exercise their powers as provided in the Master Bylaws. 3,8 Scone and Binding Effect of Actions. All agreements and determinations made by the Master Association in accordance with the powers and purposes established by the Master Governing Documents shall be binding upon all Persons having any interest in or using the Property. 10 121110757v8820716 8f15105