December 9, 2016

Poinciana Community Development District Attn: Gary Moyer
610 Sycamore Street, Suite 140
Celebration, FL 34747

Hopping Green & Sams PA Attn: Michael Eckert
119 South Monroe Street, Suite 300
Tallahassee, FL 32301

Dear Mr. Moyer,

The purpose of this letter is to inform you that, pursuant to Section 4.3(iv) of that certain Asset Purchase and Sale Agreement dated effective December 5, 2016 by and between Avatar Properties Inc. and the Poinciana Community Development District (the "Agreement"), on December 7, 2016 the AV Homes, Inc. Board of Directors approved the transaction on the terms set fo11h in the Agreement. Please do not hesitate to contact me with any questions.

Sincerely,

S. Gar

cc:	Joseph P. Covelli , Esq.
Tony Iorio

Air\
AVHOMES

8601 N Scottsdele Reed, Su,te 225, Scott:;de le, AZ. 85253 480 214 7400 www evhomesinc .co m

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