DISCLAIMER

This material is confidential.  By accepting delivery of this confidential material, each recipient agrees that, except with the prior written consent of WestUrban Developments Ltd. (“WestUrban”), they may not distribute or reproduce this document or disclose its contents to any person other than professional advisors of the investor and they may not disclose it further in connection with their consideration of investments.

There are risks associated with the purchase of the securities described herein.  You may lose your entire investment in the securities. This material is neither an offer to sell nor a solicitation of an offer to purchase securities.  Interests in the securities are being offered only to eligible investors pursuant to available exemptions from the prospectus requirements under applicable Canadian securities legislation. 

Eligible investors must have the financial ability and willingness to accept the risk characteristics of their investment. No securities commission or securities regulatory authority has assessed the merits of these securities or reviewed this material. There is no government or other insurance covering the securities. There is no market through which the securities may be sold and there are restrictions on your abilities to sell the securities. You may not be able to sell your securities quickly or at all.

NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain statements in this material as they relate to WestUrban, the limited partnerships and their respective businesses and/or operations are “forward-looking statements” that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance. These forward-looking statements include, but are not limited to, WestUrban’s involvement in each project, expected returns on investment and the timing thereof and anticipated project timelines, and are based on expectations, estimates and projections. Forward-looking statements involve a number of risks and uncertainties (including, without limitation, changes in market and/or economic conditions, cost increases and risks relating to the COVID‐19 pandemic and its impact on the WestUrban’s business and operations), many of which may be outside of the control of WestUrban and/or the limited partnerships. These risks and uncertainties may cause actual results or events to differ materially from those anticipated. WestUrban and the limited partnerships do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.  Furthermore, as the full impact and extent of the COVID‐19 outbreak is not known as of the date of this material, all forward‐looking statements in this document are qualified by the risks associated with the COVID‐19 outbreak.  There is significant risk that the COVID‐19 outbreak will cause the assumptions underlying the forward‐looking information in this material, to change and the actual results and performance of the WestUrban and/or the limited partnerships to differ materially from the forward‐looking statements contained herein.