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Last updated on: 8 Jan 2020

FORWARD LOOKING INFORMATION

The information on the website ( getHomePageUrl() ) may contain certain forward-looking statements, including but not limited to forward-looking statements related to the availability of suitable real estate properties, projected internal rates of return, expected appreciation of real estate properties and the development of the rental real estate market in the Greater Toronto Area, and the possibility of trading securities on a secondary market. These statements relate to hypothetical or future events or future performance and reflect or infer management’s expectations regarding the growth, performance values, proceeds of realization and financing and business prospects and opportunities of this information. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, or the negative of these terms or other comparable terminology. A number of known and unknown factors could cause actual events or results to differ materially from the results expressed or implied by the forward-looking statements. Such factors include but are not limited to changes in applicable law, changes in general economic conditions and in local market conditions, fluctuations in interest rates, the attractiveness of the properties to purchasers and tenants, competition from other property owners and developers and those factors discussed in the section entitled “Key Risks” on the website. In evaluating these statements, prospective participants should specifically consider various factors which may cause actual results to differ materially from any forward-looking statement. Although the forward-looking statements contained in the website are based upon what management believes to be reasonable assumptions, management cannot assure readers and hypothetical participants that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this document and management assumes no obligation to update or revise them or to release publicly any updates or revisions to reflect new events or circumstances.

CONFIDENTIALITY/DISCLAIMER

The information on the website is not, and under no circumstances is it to be construed as, a prospectus, advertisement or public offering of the securities referred to herein. No securities commission or similar regulatory authority has passed on the merits of the securities offered nor reviewed this information.

This information was prepared by representatives of BuyProperly Limited, the sponsor of the Partnership. No person is authorized to give any information or to make any representation not contained on the website and if given or made, any such information or representation must not be relied upon. Statements on the website are made as of the date hereof unless stated otherwise herein, and neither the delivery of this information, nor any sale hereunder, shall under any circumstances create an implication that the information contained herein is correct as of any time subsequent to such date.

PURCHASER’S RIGHTS

The rights of action for damages and rescission discussed below are in addition to and without derogation from any other right the purchaser may have at law.

As used herein, “misrepresentation” means an untrue statement of a material fact or an omission to state a material fact that is required to be stated or that is necessary to make any statement in the website or any amendment hereto not misleading in light of the circumstances in which it was made. A “material fact” means a fact that would reasonably be expected to have a significant effect on, the market price or value of the units of the Partnership

If the information on the website, together with any amendment hereto, delivered to a purchaser of Units contains a Misrepresentation and it was a Misrepresentation at the time of purchase of Units by such purchaser, the purchaser will have, without regard to whether the purchaser relied on such Misrepresentation, a right of action against the Partnership for damages or, while still the owner of the Units purchased by that purchaser, for rescission, in which case, if the purchaser elects to exercise the right of rescission, the purchaser will have no right of action for damages against the Partnership, provided that:

  • the Partnership shall not be held liable pursuant to either right of action if the Partnership proves the purchaser purchased the Units with knowledge of the Misrepresentation;
  • in an action for damages, the Partnership is not liable for all or any portion of such damages that the Partnership proves do not represent the depreciation in value of the Units acquired by the purchaser as a result of the Misrepresentation relied upon;
  • the Partnership will not be liable for a Misrepresentation in forward-looking information if the Partnership proves that:
    • the information on the website contains reasonable cautionary language identifying the forwardlooking information as such, and identifying material factors that could cause actual results to differ materially from a conclusion, forecast or projection in the forward-looking information, and a statement of material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection set out in the forward-looking information; and
    • the Partnership has a reasonable basis for drawing the conclusion or making the forecasts and projections set out in the forward-looking information;
  • in no case shall the amount recoverable pursuant to such right of action exceed the purchase price of the Units acquired; and
  • no action may be commenced to enforce such right of action more than:
    • in the case of an action for rescission 180 days after the date of the transaction that gave rise to thecause of action; or
    • in the case of an action for damages, the earlier of:
      • 180 days after the purchaser first had knowledge of the facts giving rise to the cause of action, or
      • three years after the date of the transaction that gave rise to the cause of action.

The foregoing rights do not apply if the purchaser purchased Units of the Partnership using the “accredited investor” exemption and is:

  • a Canadian financial institution or a Schedule III bank (each as defined in OSC Rule 45 501 Ontario Prospectus and Registration Exemptions);
  • the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada); or
  • a subsidiary of any person referred to in paragraphs (a) to (d) above, if the person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary.
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BuyProperly Limited (“BuyProperly”) operates a website at https://buyproperly.ai/ca (the “Website”). By accessing or using the Website, you accept the BuyProperly Terms of Use and Privacy Statement.

Neither BuyProperly Limited. nor any of the companies of the group of companies of which it forms part (together or individually “BuyProperly”) is a registered broker-dealer, investment adviser or registered in any other form with any securities commission or similar regulatory authority in Canada or internationally. BuyProperly is exclusively a service provider, primarily of software, to issuers and dealers of securities. No assistance, involvement or other action of Buyproperly constitutes or forms any part of any offer or invitation or other solicitation or recommendation to purchase securities and should not be considered financial or professional advice. Investments posted on this website are provided by unrelated third-parties. BuyProperly is not permitted to, and does not provide, personalized or any other investment advice, engage in any investment management services, any broker-dealer activities or any other activity requiring regulatory approval. Nothing contained herein constitutes investment, legal, tax or other advice nor is it to be relied on in making an investment or other decision.The information provided on Buyproperly’s websites, webinars, blogs, emails, discord servers, social media and all other communication channels and accompanying material is for informational purposes only. It does not constitute or form any part of any offer or invitation or other solicitation or recommendation to purchase any securities. It should not be considered financial or professional advice of any kind. You should consult with a professional to determine what may be best for your individual needs.\r\n Purchasing investments made accessible through this website will unless otherwise indicated be conducted by registered dealers (including, in the case of exempt market products, exempt market dealers), registered or exempt funding portals or directly by issuers of securities.All securities related activities are conducted through Meadowbank Asset Management Inc./Gestion D’Actif Meadowbank, Suite 1710, 25 Adelaide Street East, Toronto, ON, M5C 3A1, Phone: (416)-864-2264 Fax: (416)-864-2264 Website: meadowbankasset.com or one of its affiliates.

Some information contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively \"forward-looking statements\"). The use of the words \"intention\", \"will\", \"may\", \"can\", and similar expressions are intended to identify forward-looking statements. Although the issuer and/or dealer (as applicable) believe that the expectations reflected in such forward-looking statements and/or information with regard to a given investment opportunity are reasonable, undue reliance should not be placed on forward-looking statements since there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Furthermore, the forward-looking statements contained in a news release are made as at the date of such news release and there is no undertaking that any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

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