RIVERBEND ESTATES HOUSING DEVELOPMENT OPPORTUNITY

Developer – Walton Group & Six Nations as a partner

263 acres including 70+ acres of green space

Six Nations to acquire an equity interest in all 4 phases; Phase 1 – 200 lot draft plan

Six Nations oversight on all archaeological work; no longhouse found or ceremonial or burial grounds identified to date

The Six Nations-Walton Group Partnership Agreement will not prejudice, abolish or impair any existing or future claims of the Six Nations of the Grand River against the Government of Canada and/or Government of Ontario;

Six Nations to acquire 20% of Walton’s 5% interest in the Riverbend Estates project at Walton’s original cost;

Six Nations to receive its proportionate share of any net cash flow from the Riverbend Estates project;

Six Nations to receive 10% of Walton’s construction management fees for the Riverbend Estates project;

Six Nations to receive 10% of Walton’s performance fees earned if financial returns from the Riverbend Estates project exceed certain thresholds;

Six Nations has an opportunity to bid on infrastructure work; potential for future housing construction work with home builders;

Six Nations to be compensated for the value of services provided, anticipated to be equal to the acquisition price for Six Nations’ equity interest;

If the Six Nations’ service fees are inadequate, Walton will lend funds at commercially reasonable rates to permit Six Nations to purchase an equity interest.