CONVOCATION

Community Services Trust of the Playacar Phase I Development

In according with the Amendment to the Trust Contract with Transfer of Ownership and Administration, called Community Services Trust of the Playacar Phase I Development and in according with the articles 438, 439 and the relatives of the Civil Law, updated in the Quintana Roo State it is convoked to all the associates members to the:

ORDINARY GENERAL ASSEMBLY OF THE OWNERS

That will be celebrated on the first call at 8:30 A.M, on January 5, 2008 in the Yucatan & Chiapas meeting hall of the Iberostar Hotel, Playacar Phase II and in the 2nd call at 9:30 A.M. with the next:

AGENDA

EXTRAORDINARY GENERAL ASSEMBLY OF THE OWNERS

That will be celebrated immediately following the Ordinary Assembly in the Yucatan & Chiapas meeting hall of the Iberostar Hotel, Playacar Phase II, with the next:

AGENDA

In according with the 7th clause of the Amendment to the Trust Contract with Transfer of Ownership and Administration all resolutions taken by this Assembly will be binding on each and everyone of the Owners, including those dissident and absent.

All the owners can attend by themselves. In case the attendance is by proxies, must notify to the Administration prior the meeting for its validation.

José Luis Gascón Ayala

Administrador

Dallas, Tx, December 5, 2007

Dear neighbors:

We will have our annual meeting in the Hotel Iberostar in Phase II in the rooms Yucatan & Chiapas on January 5, 2008. The first call is at 8:30 A.M. and the second call is at 9:30 for our ordinary meeting. Let me remind you about the quorum we need: 70% of quorum in the first call or 50% in the second one. The list of owners present or by proxy will be just one for both meetings. This time we will post on the Website the reports of the administrator, building committee, the treasurer and mine one week prior the meeting to make the meetings more productive without reading them during the meeting. Of course, copies of those reports will be provided at the meeting and the session will be open for questions.

We will review the accounting reports and the results of the Audit of 2006 and 2007. There will be a report of the beach recovery. At the end of the ordinary meeting we will review the performance of our security and maintenance staff.

We will have our extraordinary meeting immediately following the Ordinary Assembly. I intend to have the elections to take place within the first 2 hours. Please be aware of it and be there to vote.

I will propose some changes to the Bylaws in order to define better the tasks of the Administrator, the Vigilance Committee and the President to make more functional our Trust.

I have received a proposal to elect members of the Vigilance Committee with different duration, to combine the enthusiasm of the new ones and the experience of the others and to avoid having in two years more a totally new Board without the experience of the former members. So I will ask this time, to form a new Vigilance Committee with two members for one year, two for two years and three for three years plus the President. Some of the actual members like to run for reelection and I have heard some other neighbors will run too. Welcome to their help to our community.

You will read my report later in our Website, but I will take this opportunity to let you know that I will not run for president. Ten years in this position trying to improve our neighborhood has been enough I’ve received other proposal for bylaws changes for the annual meeting to consider: to have the former president as a consultant and non official officer to the Trust for one year after the term is over to smooth the change of the presidency and to achieve some pending matters.

We will review the achievements of the administrator. We will review the Operations & Capital Investment budgets and the fees for 2008.

We will present the bylaws of the new Civil Society for income & expenses management of our Trust.

The Budget for 2008, includes a 5% increase in wages.

To be eligible to vote and raise your opinions, you must be a member of this Trust and have past dues no longer than 120 days, but if you like to participate in the committees you should not have past dues at all.

If you are not a member of this Trust but your fees are paid up, you are welcome to attend our meeting. If you have some comments for the meeting, please send them prior the assembly in written, to the Administrator.

If for any reason, you might not be able to be present, please, appoint somebody to represent you in the meeting. I’m sending you the proxy forms. Use the suitable form for you (one owner form for one owner, etc.) Just the proxies that are registered prior the meeting will be accepted. Please, make sure to send them by fax to our administration office 011-52-984-873-1031 and later send the original by mail or you can send them to my address if you live in the USA for simpler/safer way:

3748 Country Club Circle
Ft. Worth, Texas 76109

Fax (817) 924-7815

Please make an effort to come or to be represented. It’s an important meeting for our Trust.

Looking forward to see you all in person in our annual meeting

Merry Christmas and best wishes for next year!

Frank Walton

President