PETITION FOR A SPECIAL MEETING

As provided for in Article XII Section 3 of the CYC Bylaws, I hereby declare I am a Regular Member of Corinthian Yacht Club in good standing and do hereby petition the Board of Directors of Corinthian Yacht Club (CYC) to call a Special Meeting (“Meeting”) of the Membership at------------- p.m. on --------------- , for the purposes of passing the following Resolutions and in accordance with the procedures set forth herein. I further petition the Board of Directors to give notice of this Meeting to all members entitled to vote, at least two weeks prior to the aforesaid date.

SPECIAL MEETING PROCEDURE PROCEDURE

This Meeting shall be conducted by the Petitioners who hereby appoint any one of the following (as determined among themselves) to act as “Moderator” : Staff Commodores John Colver, Ron Kell, Peter Hogg, Jeff McQueen.

At the appointed time for the commencement of the Meeting, the Board of Directors or its declared representative – or absent any of those then the Moderator - shall determine if a quorum is present.If a quorum is not present, then the commencement of the meeting shall be postponed for 15 minutes at which time it shall again be determined if a quorum is then present. If a quorum is then present, the meeting shall be called to order by the “Moderator”.

The Moderator shall present each of the Resolutions and call for discussion and/or questions then shall call the question.In the event of any disputed inconsistency between the procedures set forth herein and Robert’s Rules of Order, then the latter shall govern.

RESOLUTIONS

No. 1: Proposed Club House Remodeling

The CYC membership hereby directs the CYC Board of Directors to cause no further activities to occur related to any remodeling of the CYC clubhouse which change the existing use of the areas to be remodeled, until the following have occurred.

1)The CYC membership has voted to approve the proposed remodeling, and

2)The CYC Board of Directors has submitted for approval by the CYC membership a detailed plan of how the proposed remodeling would be paid for, and

3)The CYC membership has approved the financing plan of the CYC Board of Directors.

No. 2:Financial Statement Disclosure

The CYC membership hereby directs the CYC Board of Directors to provide the CYC membership with full disclosure of the financial status of CYC and its subsidiary CCD (Corinthian Catering and Dining) by mailing to all CYC members before ___________ 2014 at least the following financial reports and supporting documentation for the year ending December 31, 2013 and for the six months ending June 30, 2014:

1)Balance Sheet

2)Statement of Income and Expenses

3)Source and Application of Funds Statement, i.e. a Cash Flow Statement

4)Trial Balance