Agenda. Ontario Market. Barrie Market. Angus Manor Park

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2 Agenda Ontario Market Barrie Market Angus Manor Park

3 Key Points Key Points 1. This presentation is not a solicitation for investment in any jurisdiction. The terms of this investment are covered completely within the Offering Memorandum, which should be reviewed prior to purchase. 2. All Projections and targets shown are dependant on a variety of factors and assumptions which may change over the course of the project. These numbers should not be taken as a guarantee of the actual results and performance of the project 3. This investment is not liquid, in addition to this, Key Risks are highlighted in the Risk Factors section of the Offering Memorandum and should be considered prior to investment.

4 ECONOMIC GROWTH JOB GROWTH HOUSING MARKET GROWTH POPULATION GROWTH

5 Why Ontario?

6 Ontario Ranks High In Key Sectors Employment has increased by more than half a million since June $130 billion in planned infrastructure investment over the next ten years. Ontario is one of the top places in the world to do business, invest and work in many key areas. *Ontario Government Ministry of Economic Development, Employment and Infrastructure, January 05,

7 CANADA S POPULATION IN THE NEXT 25 YEARS: +36% 39% OF CANADA S POPULATION IS PROJECTED TO LIVE IN ONTARIO IN 2038 *Statistics Canada, high growth scenario, September 2014

8 Economy Canada s LARGEST economy $721.9 BILLION, IN GDP* Accounts for more than 38% of the country s GDP *Statistics Canada, nominal 2014 GDP (as of January 2016)

9 THE LARGEST IN CANADA Job Market Population Housing Market 38.7% 38.8% 31.3% of the total jobs in Canada (Q2 2015, Statistics Canada) of Canada s population lives in Ontario (Q2 2015, Statistics Canada) of total housing starts are in Ontario (Q2 2015, Statistics Canada)

10 Project Location Meaford Highlands Resort Bridle Park I & II Clearview Park Angus Manor Park Wingham Creek Lake Huron Shores 68 Merton Street Niagara Falls Park Greenvalley Estates I & II

11 The Greater Golden Horseshoe Barrie Toronto BY 2031, THE POPULATION WILL GROW BY 3.7 million people AND 1.8 million jobs Population 2011: 9.09 million people Niagara Falls Park Greenvalley Estates I & II

12 Position for Growth 14 MINUTES BARRIE, ONTARIO Angus, Ontario

13 One of the fastest growing metropolitan areas in Canada Total employment increased by 5.8% (Dec 2013 Dec 2014) Unemployment rate dropped to 5.3%, lower than the provincial rate 6.9% (Dec 2014) Approximately 28% of the employed workforce commutes to Barrie SOURCE: Statistics Canada, Barrie.ca

14 Major Employers in Barrie SOURCE:

15 TOP ONTARIO REAL ESTATE INVESTMENT One of the top real estate investment markets in Ontario Barrie Ranked #3 Brantford (#4) Hamilton (#7) Guelph (#9) SOURCE: Money Sense

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17 Simcoe County Road 90 Renovation $60 million EXPANSION Source: Simcoe.com; Weston Consulting 4-6 Year Project Beginning In 2013

18 Our Latest Enhancement Project Angus, Ontario

19 A GROWING RESIDENTIAL AREA

20 Angus, Ontario Essa s Largest Residential Community

21 Schools Essa s Largest Residential Community ANGUS MORRISON ELEMENTARY SCHOOL OUR LADY OF GRACE CATHOLIC SCHOOL PINE RIVER ELEMENTARY SCHOOL

22 Retail Essa s Largest Residential Community SHOPPERS DRUG MART/ SOBEYS COMPLEX PINE RIVER PLAZA RAINBOW SHOPPING CENTRE COMMERCE PLAZA ANGUS CITY PLAZA

23 Recreation Essa s Largest Residential Community ANGUS RECREATION CENTRE GREEN ACRE GOLF COURSE ROTH STREET SPORTS FIELD

24 Nature Essa s Largest Residential Community NOTTAWASAGA RIVER running through Angus WASAGA BEACH 31 minute drive BLUE MOUNTAIN/ COLLINGWOOD 40 minute drive

25 Preparing for Growth ROAD IMPROVEMENTS Centre Street completed 2011 King Street Bridge completed in 2012 SEWAGE TREATMENT PLANT Expanded in 2004 to accommodate population growth WATER SYSTEM New deep well New reservoir

26 Average Homes Prices BARRIE $394,900 ANGUS $330,000 INNISFIL 519,900 TORONTO $749,000 SOURCE: Canadian Real Estate Magazine Jan 2016

27 Average Homes Prices

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29 Path of Growth Lands highly regulated by NVCA Nearer to Barrie & Utopia Growth will infringe on Borden Higher development cost

30 Concept Planning Phase Angus, Ontario

31 Land LAND Value VALUE Creation CREATION Team TEAM

32 Environmental Review Of All 11 Properties WHO ARE THEY? Commissioned by A2A to conduct a review of the 11 properties that are part of the land inventory of Angus - Ontario-based company specializing in all aspects of terrestrial and aquatic ecology, and agricultural land assessment - 8 years of experience with four offices across the province - Currently working with A2A on different Enhanced Land Sale Plan projects (Wingham Creek, Lake Huron Shores, Meaford Highlands Resort)

33 11 PROPERTIES BEING CONSIDERED FOR ITS DEVELOPMENT POTENTIAL. THIS REPRESENTS THE LAND BUDGET/INVENTORY WITHIN ANGUS SETTLEMENT AREA

34 Beacon Findings 11 PROPERTIES with a total size of ACRES NON-DEVELOPABLE AREAS ACRES 81% CAN T BE DEVELOPED This means Angus is left with only this much developable land: 41 ACRES = 205 HOUSES (assuming density of 5 houses per acre)

35 Beacon Findings 167 Acres

36 Established in 1981 Over 30 years of experience in Land Use Planning, Urban Design and Project Management in Ontario Works with professionals in the fields of architecture, engineering, transportation analysis, environmental management & financial assessment. Has worked not only with the biggest companies in the real estate business but also with several government bodies (City of Barrie, Brampton, Mississauga, Toronto, Brant County) Exemplary track record based on the reputation of the senior staff with a long track record in planning and urban design and relationships with several local government units around Ontario

37 Initial Concept Plan

38 INVESTMENT OVERVIEW Project Size (+/-) 167 acres total (This offering acres) Price Per Limited Partnership Unit CAD $1.00 Minimum Subscription $6,300 Maximum Offering CAD$5,997, Units 41.4% overall ownership in the property Approximate Canadian $ / acre CAD$5,997,600 / acres = $86, Projected Timeline 3 to 5 years Current Offshore Offering CAD$10,100,000 (1133 UFI) 49.3% overall ownership in the property Approximate Offshore $ / acre CAD$10,100, / 82.3 acres = $122, Estimated Maximum Canadian Raise CAD $2,750,000 Target Eligibility Completion Date End CASH, 2017 Canadian Dollars Target Pre-tax Simple Annual ROI 13.3% *Figures as of 06 SEPTEMBER All projections and targets shown are dependent on a variety of factors and assumptions which may change in the course of the project. These numbers should not be taken as a guarantee of the actual results and performance of the product.

39 Project Highlights Angus Manor Park Angus population grew by 9.5% from 2006 to 2011 SOURCE: Statistics Canada Close proximity to expanding employment area Barrie, only 14-minute drive. 28%^ of its workforce commutes to Barrie from neighboring towns, increasing housing demand in Angus. Strategic location with well-planned blueprint - New construction sites around our project are building new residential neighborhoods, providing important services like sewer, water and also electricity. Project proceeding in full speed first draft of the concept plan is ready to go There is a scarcity of developable land supplies in the GGH, we have conducted extensive environmental studies with legal opinion determining that this property is in the path of development. * Projections are based on numerous assumptions regarding the present and future business strategies and the environment in which the business will operate in future. These projections are in no way a guarantee for the product s actual returns. Such projections involve known and unknown risks, uncertainties, performance or achievements.

40 Project Horizons

41 CAD $336,000 assuming a density of 5.6 houses PER ACRE, an acre of a zoned residential lot in the area is approximately: NOTE: The Initial Valuation Report done by Valco Consultants as commissioned by A2A is based on several assumptions that may or may not materialize. Hence, it SHOULD NOT be relied upon as a guarantee or an accurate indication of any future return or profit. For a detailed description of how the valuation was derived, please refer to full report.

42 Thank You For Your Time