Introducing Forest Lakes Country Club: An Exclusive Luxury Lifestyle Resort in Atlantic Canada

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Lorena Doyle
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Introducing Forest Lakes Country Club: An Exclusive Luxury Lifestyle Resort in Atlantic Canada 2 Invest from 20,000 and enjoy 100%+ potential returns on investment based on comparisons with similar

2 Introducing Forest Lakes Country Club: An Exclusive Luxury Lifestyle Resort in Atlantic Canada 2 Invest from 20,000 and enjoy 100%+ potential returns on investment based on comparisons with similar resorts in the region* Terra Firma, the development company and owner of the land, is releasing a small portion of the total land available in order to raise additional development capital to build a luxury lifestyle resort. The resort will be called Forest Lakes Country Club. Set amidst a beautiful acre site with extensive natural forests, Forest Lakes will offer a magical blend of idyllic natural surroundings combined with the luxury of a premier resort community. It will feature a spectacular Nicklaus Design 18-hole golf course with driving range and club house, a series of interconnecting lakes providing access to a wide range of water sports and amenities and easy access to the great Canadian outdoors. This opportunity qualifies for SIPP inclusion (Self Invested Personal Pension) and all the associated tax benefits for UK fax payers. Potential Returns Based on comparisons in the region, the potential returns for Forest Lakes are predicted by the Development Company to be 100%+ once planning permission is achieved*. Please see the example below. Initial Investment Potential Returns Exit Amount 20,000 20,000 40,000 40,000 40,000 80,000 60,000 60, ,000 *Planning permission is expected by the Development Company in 2010 or soon afterwards. The Development Company is estimating a return on your investment of 100%+ once planning permission is achieved based on similar resorts in the region. The length of time to realise your investment is dependent on which exit option you choose (a building plot or cash). The plot option is estimated to be available at the end of 2010 or soon afterwards. The cash option could take several years to realise as it is dependent on the rate of real estate sales to the retail market which can be influenced by market conditions. All purchases for Forest Lakes Country Club in Nova Scotia, Canada will be in Canadian dollars. The amount of land you will receive is dependent on the exchange rate at the time of completion. Please note that past performance is not a reliable guide to future performance and the value of your investment may go down as well as up. There are no guarantees that your investment will increase in value. This offer is not available for US and Canadian tax residents.

PROJECT OVERVIEW 3 Located in the scenic maritime province of Nova Scotia, Forest Lakes Country Club will be the most luxurious and

located in the dramatic and breathtaking setting of the great Canadian outdoors.

It is under 6 hours flying time from London and just 2 hours from New York.

well as featuring a spectacular 18-hole golf course by Nicklaus Design, the firm owned and managed by golfing legend Jack Nicklaus.

3 PROJECT OVERVIEW 3 Located in the scenic maritime province of Nova Scotia, Forest Lakes Country Club will be the most luxurious and environmentally-friendly lifestyle resort in Atlantic Canada, where the very highest levels of construction meet a whole world of amenities, all located in the dramatic and breathtaking setting of the great Canadian outdoors. The site is situated just 30 minutes from the award winning International Airport of Halifax and the busy provincial capital of Nova Scotia. It is under 6 hours flying time from London and just 2 hours from New York. Forest Lakes is destined to be the premier yearround resort in Atlantic Canada offering luxury accommodation and activities for every season as well as featuring a spectacular 18-hole golf course by Nicklaus Design, the firm owned and managed by golfing legend Jack Nicklaus. Terra Firma, the development company is a member of the Canadian Green Building Council. Forest Lakes will set new standards for environmental stewardship in resort development. Canada New York United States Flight Times From Halifax International Airport LONDON 5hr 30min PARIS 6hrs BOSTON 1hr 30min NEW YORK 2hrs New York Boston

real estate and amenities 4 Forest Lakes Country Club will be a Luxury Lifestyle Resort unlike any other development of its kind in Atlantic Canada.

4 real estate and amenities 4 Forest Lakes Country Club will be a Luxury Lifestyle Resort unlike any other development of its kind in Atlantic Canada. Once completed, this master planned community will include a balanced mix of villas, townhouses, condominiums, hotel rooms and guest cottages. It will also include a luxury boutique hotel and spa, a multitude of shops, bars, restaurants and other commercial amenities that suit a four-season luxury resort. Every Lifestyle And Recreational Amenity Has Been Considered In This Ultimate Four-Season Destination Including: Golf course designed by worldrenowned Nicklaus Design, the firm founded by golf legend Jack Nicklaus Driving range Club house Luxury boutique hotel Indoor and outdoor swimming pools Tennis, gym and spa Equestrian facilities and walking trails Skiing and cross-country skiing Several pristine lakes offering a range of water based activities on-site Boating, Sailing, Canoeing and Windsurfing Fishing and Ice-fishing Ice-skating and Ice-curling current zoning Currently the site is undeveloped. The land was rezoned in June 2008 to permit Resort Development with many amenities including an 18-hole golf course, luxury boutique hotel, international conference centre plus a broad mix of residential housing on a variety of plot sizes and complimentary commercial outlets. The Conceptual Master Plan was successfully submitted in September 2009 and was designed in accordance with the zoning requirements within the Municipality.

5 Forest Lakes will feature the first Nicklaus Design Golf course in Atlantic Canada 5 Nicklaus Design has been appointed by Terra Firma Development Corporation to design a spectacular 18-hole golf course at Forest Lakes Country Club. This golf course will be the first Nicklaus Design golf course in Atlantic Canada. Nicklaus Design is the world s leading golf course design firm founded by golf legend Jack Nicklaus. It is widely regarded as the world s leading design firm with more than 340 courses open for play in 34 countries and 39 US states. Independent market research has shown that Nicklaus Design golf courses greatly enhance the value of a project and have a direct impact on the value and continued growth of the residential pricing. This means that with the name Nicklaus behind the golf course, the value of an investment at Forest Lakes Country Club is enhanced tremendously and that will only grow greater with time. Nicklaus Design is excited to be involved at Forest Lakes, Halifax, Nova Scotia. While our firm has a rich history in Canada, we have never been involved in a project in this region and we are appreciative of the opportunity given to us by the Terra Firma team. This unique and wonderful site at Forest Lakes has great variety including forest, wetlands, and lakes. Our challenge now is to take this wonderful canvas and provide the members and guests at Forest Lakes a golf experience that is both enjoyable and memorable, and one of which we can all be proud. Paul Stringer, Senior Vice President, Nicklaus Design

The Development COMPANY BEHIND FOREST LAKES COUNTRY CLUB 6 The Development Company behind the Forest Lakes Country Club is Terra Firma Development Corporation, whose Directors have developed an

As a member of the Canada Green Building Council,Terra Firma focuses exclusively on creating sustainable developments that embrace the latest technologies and integrate with the natural environment

6 The Development COMPANY BEHIND FOREST LAKES COUNTRY CLUB 6 The Development Company behind the Forest Lakes Country Club is Terra Firma Development Corporation, whose Directors have developed an impressive range of projects all over the world. As a member of the Canada Green Building Council,Terra Firma focuses exclusively on creating sustainable developments that embrace the latest technologies and integrate with the natural environment and local population, while producing lifestyle developments that are attractive for discerning national and international buyers. Key to this approach is quality site planning, water and energy efficiency, renewable energy, resource conservation and quality, environmentally-sound interiors. Forest Lakes Country Club will be built according to this strict environmental code.

7 8 reasons to invest 7 For early investors a return on investment of up to 100%+ is predicted. This is based on the current price of land with planning permission situated in similar recreational style residential developments in Canada. There is a proven demand for recreational style residential developments in and around the region of Halifax, Nova Scotia. Canada is a wealthy oil producing nation with economic growth of 2.6% predicted in 2010 (source: International Monetary Fund) Canada has the soundest financial system in the world, according to a new report from the World Economic Forum, which also placed Canada on the top 10 list of the world s most competitive countries. Independent market research has shown that Nicklaus Design golf courses greatly enhance the value of a project and have a direct impact on the value and continued growth of the residential pricing. Chicago Title Insurance will provide title insurance for the land at Forest Lakes Country Club. Should anything cloud or encumber title to the land, this insurance insures 100% of the value of the land providing an additional level of security and peace of mind for clients. As with all comparable type of investments, property investments offering a high prospective return carry an element of risk. While the Development Company strongly believes that sub-division according to the Master Plan can be achieved there is a risk that it will not achieve the desired full scale Resort Development goal. A significant element of the risk has been eliminated since the Rezoning was definitively approved by the Province of Nova Scotia in June risk VS RETURN Land purchases qualify for Self Invested Personal Pensions (SIPPs) and all the associated tax benefits for UK tax payers. Investment is managed by a licensed UK Trustee and is secured by a title deed within the development. In addition the Conceptual Master Plan presented in September 2009 was designed according to the zoning requirements within the Municipality. However, real estate is subject to market conditions which can affect the value of any investment. The eventual sales of plots and properties to the retail market at Forest Lakes Country Club will ultimately determine the investor s exit point and returns.

8 INVESTOR SECURITY HOW SECURE IS YOUR INVESTMENT? 8 A completely independent UK based Trustee Company - Citadel Trustees Ltd - will act on your behalf as Escrow Agent in the acquisition of the land and oversee all aspects of your participation. Your money will be held in a separate bank account named an Escrow Account managed by Citadel Trustees. Under English Law, the money in an Escrow Account is protected and legally acknowledged that the funds belong to clients and not to the company managing it. The investment is secured by a title deed within the development. The liability of this opportunity is limited to the funds you invest. The project is being advanced by an experienced and well organised development team with a proven track record. The Funds are protected from creditors and would be returned to you without claim in the event the company managing the funds went into liquidation.

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