DECLARATION INTRODUCTION

EXHIBIT A

WARRANTY DEED

Background

Muirfield Ltd. ("Muirfield") is the owner of certain real property located in Dublin, Ohio (the "Development Area"), and intends to develop thereon a community known as Muirfield Village.

Muirfield Association, Inc. (the "Association"), a corporation not-for-profit, has been established pursuant to the laws of the State of Ohio, for the purpose of owning, operating, maintaining, and administering certain portions of the Development Area along with certain improvements constructed and developed or to be constructed and developed thereon, including, without limitation, parks, swimming pools, tennis courts, playgrounds, woods, bicycle and hiking paths, and open spaces.

The costs incurred by the Association in connection with the construction, use, maintenance, repair, replacement and administration of such common property and facilities shall be an encumbrance upon certain portions of the Development Area. Additionally, Muirfield intends to establish certain covenants, conditions, and restrictions upon the use and development of the Development Area, which shall be administered and enforced by the Association.

By this Deed, Muirfield submits the portion of the Development Area described in the attached Exhibit A (the "Property") to the covenants, conditions and restrictions set forth herein, and imposes upon the Property the obligation to pay to the Association certain assessments as further set forth herein.

Conveyance

Muirfield Ltd. ("Muirfield"), in consideration of One Dollar and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, does hereby GRANT, BARGAIN, SELL and CONVEY to Frank C. Dunbar, III, trustee (the Grantee"), his successors and assigns forever the real property (the "Property") described in the attached Exhibit A, which Exhibit A is incorporated herein by this reference.

TO HAVE AND TO HOLD the Property, with all the privileges and appurtenances thereunto belonging, to the Grantee, his successors and assigns forever. And Muirfield, for itself and its successors does hereby covenant that it is lawfully seized of the Property and that the Property is FREE AND CLEAR FROM ALL EMCUMBRANCES WHATSOEVER except: public streets and highways; zoning ordinances and governmental regulations, conditions, restrictions, liens, easements and encumbrances of record; and the lien of real estate taxes and assessments not yet due and payable; and that it will forever WARRANT AND DEFEND the same, with the appurtenances, unto the Grantee, his successors and assigns against the lawful claims of all persons whomsoever except as noted above.

Covenants, Restrictions, Conditions and Assessment Lien

Muirfield and the Grantee hereby agree that the Property is conveyed, and shall be held, conveyed, hypothecated, encumbered, leased, occupied or otherwise used, improved of transferred, in whole or in part, subject to the conditions, covenants, restrictions, and lien for assessments, as set forth herein, which shall run with the Property for all purposes and shall be binding upon and inure to the benefit of the Property, Muirfield and the Grantee, together with their respective successors and assigns.