EXPRESSION OF INTEREST To Purchase Industrial Land from The City of Calgary

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2 EXPRESSION OF INTEREST To Purchase Industrial Land from The City of Calgary Documents Required to Accompany Expression of Interest To be considered, a submission must be complete and include the following: Completed Expression of Interest Alberta Corporate Search carried out within the last 30 days for the corporation that is to appear on title Letter from the purchaser acknowledging realtor representation (if applicable) Description of proposed development, including specific uses anticipated for the site (for information purposes only) Required deposit cheque

3 The information below is not an offer or a contract and does not create an interest in land. The purpose of this Expression of Interest is to provide information to The City of Calgary regarding a desire to purchase properties prior to negotiation of a formal agreement of purchase and sale. The completion and submission of the Expression of Interest in no way obligates a party to purchase the property in question and is not in any way binding upon The City of Calgary. The Expression of Interest is for information purposes only. This Expression of Interest is subject to all terms and conditions expressly set forth in the accompanying Development and Infrastructure and Sales Submission information. Property Requested Number of Acres Required Site/Quadrant Preference (as per proposed Conceptual map) Purchase Price Offered $ Contact Information Date Purchaser s Corporation (that is to appear on title)* Contact Person Phone Number Fax Number Address Address City Province/State Postal/Zip Code G.S.T. Registration No. G.S.T. is the responsibility of the purchaser * The proposed corporation that is to hold Title to the Property must be either a registered Alberta Corporation or a corporation extra-provincially registered in Alberta. Substitutions to corporate names or requests for alternate corporations to hold title will only be accepted up until the Due Diligence Period has been waived. NO CHANGE OR SUBSTITUTION OF A CORPORATE NAME WILL BE ALLOWED THEREAFTER.

4 Lawyer Information Name and Firm Phone Number Fax Number Address Address City Province/State Postal/Zip Code Real Estate Agent Involvement (if applicable)* Real Estate Agent Name and Brokerage Agent s Phone Number Agent s Fax Number Agent s *If using a real estate agent, all negotiations must take place through the Agent. Where did you receive information regarding Dufferin North (i.e. The City of Calgary website, realtor, other websites or advertising)? The undersigned acknowledges and agrees to the terms and conditions contained in this Expression of Interest and all accompanying documentation. Name, position and signature of authorized representative of purchaser who has authority to bind the corporation

5 1. Closing Date/Possession and Adjustment Date: No less than SIXTY (60) days following registration of subdivision or as agreed to between the vendor and purchaser. 2. Conditions Precedent: (i) The purchaser shall, at its sole cost and expense, conduct its due diligence, including obtaining and reviewing any environmental site assessments, geotechnical reports, the title to the property and the permitted encumbrances, and shall satisfy itself that the property is suitable for the proposed development, on or before that date which is ONE HUNDRED TWENTY (120) days following corporate approval. (ii) The vendor to obtain subdivision approval, final plan endorsement and registration on or before that date which is no less than sixty (60) days prior to the closing date. All conditions must be waived or satisfied in writing. 3. Special Terms and Conditions: (i.) (ii.) (iii.) (iv.) The sale is subject to a Building Commitment for the Commencement of Construction (Building Commitment to be satisfied within TWENTY FOUR MONTHS (24) months from the closing date, defined as the Building Commitment Date ). Purchaser to grant the vendor a registrable option to repurchase at the original consideration plus GST less any finder s fee paid on the original sale. The option is exercisable for one (1) year commencing on the building commitment date. The option shall not be exercised and will be discharged from title where the purchaser has commenced construction in accordance with the Building Commitment. The property is subject to the architectural and design guidelines which are to be registered against the lands. The vendor to pay a finder s fee (if applicable) TWO PERCENT (2%) up to $20,000, and ONE PERCENT (1%) on the balance of the purchase price, payable only upon closing.

6 94th Avenue SE 60th Street SE D ±40.0 AC 52nd Street SE B ±80.0 AC C ±58.0 AC ENMAX SUB STATION 68th Street SE 100 AVENUE SE PROPOSED TUNNEL A ±42.0 AC 106 AVENUE SE EXPANSION AREA CP RAIL 107 AVENUE SE SEARS DISTRIBUTION CENTRE EXISTING CP RAIL INTERMODAL YARD Legend: I-G Industrial PUL(S-CRI) Public Utility Lot S-CRI Rail Land Prepared by: SCALE 1:10000 Legal Descriptions: Portions of: SW & SE of SEC23-TWP23-RGE29-W4M, NE & SE of SEC14-TWP23-RGE-29 W4M & Plan 5110AP Blocks 2-3 and 8-17 Municipal Addresses: th Street SE & nd Street SE SCENARIO 2a