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6.1. B. - Page 70 affairs of the Association. Any transfer of property shall be by document signed or approved by two- thirds (2 /3rds) of the total voting power of the Association which shall include two- thirds (2 /3rds) of the Members other than Declarant, or where the two (2) class voting structure is still in effect, two- thirds (2 /3rds) of the Members of each class of Members. J. Loans: The Board shall have the power to borrow money, and, only with the assent (by vote or written consent) of two- thirds (2 /3rds) of the total voting power of the Association including two- thirds (2 /3rds) of the Members other than Declarant, or where the two (2) class voting structure is still in effect, two- thirds (2 /3rds) of the voting power of each class of Members, to mortgage, pledge, deed in trust, or hypothecate any or all of its real or personal property as security for money borrowed or debts incurred. K. Dedication: The Board shall have the power to dedicate all or any part of the Common Area to any public agency, authority, or utility for such purposes and subject to such conditions as may be agreed to by the Members. No such dedication shall be effective unless an instrument has been signed by two- thirds (2 /3rds) of the total voting power of the Association including two- thirds (2 /3rds) of the Members other than Declarant, or where the two (2) class voting structure is still in effect, two- thirds (2 /3rds) of the voting power of each class of Members, agreeing to such dedication. L. Contracts: The Board shall have the power to contract for goods and/or services for the Common Area(s), for the Condominiums, or for the Association, subject to limitations set forth in the Bylaws, or elsewhere in this Declaration. The Board shall not enter into any contracts with an independent contractor until it meets the requirements of Section 8.1.A(3) herein. Notwithstanding anything in the Governing Documents to the contrary, the Board shall have the powerto enter into, accept an assignment of, or otherwise cause the Association to complywith the terms and provisions of an exclusive telecommunications services contract ( "Telecommunications Contract ") with a telecommunications service provider ("Service Provider "), for Telecommunications Services, including, but not limited to, telephone services, television and radio services, internet services and data communications services, pursuant to which the Service Provider shall serve as the exclusive provider of Telecommunications Services to each Condominium in the Project. The Board shall only enter into, accept an assignment of, or otherwise cause the Association to comply with the terms and provisions of the Telecommunications Contract if the Board determines, in its sole discretion that such action is in the best interests of the Association. Although not exhaustive, the Board shall consider the following factors in making such a determination: (1) Initial Term and Extensions. The initial term of the Telecommunications Contract should not exceed five (5) years, and, if the Telecommunications Contract provides for automatic extensions, the length of each such extension should also not exceed five (5) years. (2) Termination. The Telecommunications Contract should provide that: (i) at least six (6) months prior to the expiration of either the initial or any extended term of the Telecommunications Contract, the entire membership of the Association may, without cause, by a sixty percent (60 %) vote, prevent any automatic extension that the Telecommunications Contract may provide for, and thereby allow the Telecommunications Contract to expire; and (ii) at any time, the Board may terminate the Telecommunications contract if, in the sole discretion of the Board, the Service Provider fails to provide quality, state -of- -the -art Telecommunications Services. 26 03/06/12 T:IWPW1N601PROJECTS1333 MAIN STREET OEC - DRAFTING FORM[7][03 06 12].doc