TERMS OF USE AGREEMENT (“AGREEMENT”)

The following describes the terms under which you may access and use the website (“Website”) of Legacy Communities Inc. (“Legacy”) and any information posted on the Website.

By accessing the Website, you are agreeing to be bound by the terms of this Agreement, which may be updated by Legacy from time to time without notice to you. If you do not agree with the terms and conditions set out in this Agreement you may not access or use the Website or any information or materials contained therein. It is your responsibility to check for such changes, and to stop using the Website if you do not agree with any such change.

LIMITED LICENSE

Subject to the terms of this Agreement, you are granted a limited license only to display and print the materials and information contained on the Website for your own personal, non-commercial use, provided that such materials and information are not modified and that any copyright and other intellectual property notices are not deleted. You may not create derivative works from or otherwise reproduce, modify, republish or disseminate any materials or information contained on the Website.

PROPRIETARY RIGHTS

The materials and all of the information found on the Website (“Collateral”) are protected under the laws of the Canada, United States of America, and of other countries. Certain words, phrases, graphics, designs or logos used on the Website and Collateral may constitute trademarks, service marks or trade-names of Legacy or of other entities.

DISCLAIMER OF WARRANTIES

The Website & Collateral is provided “as is” and “as available” and is used by you at your sole risk. Legacy makes no express or implied warranties or representations whatsoever, including those implied by statute or law, and specifically disclaims the same including without limitation, any warranties or representations of merchantability or particular purpose or non-infringement. In addition, without limiting the foregoing, legacy does not represent or warrant that the Website or Collateral will meet your requirements or that their use will be uninterrupted or error free.

LINKS TO THIRD PARTY WEBSITES

Legacy does not control any third party website and is therefore not responsible for the content of any linked website or any link contained in a linked website. Linked websites, if any, are not part of the Website, and Legacy provides such links only as a convenience. The inclusion of any link does not imply endorsement, investigation or verification by Legacy of the linked website or any information contained therein.

GENERAL

Legacy is headquartered in Canada. By accessing the Website and Collateral, you acknowledge and agree that all matters relating to this Agreement and access to, or use of, the Website and Collateral, and the resolution of any dispute arising between the parties will be governed and construed in accordance with the laws of the Province of Alberta and the laws of Canada applicable therein (without reference to conflicts of laws principles) and the parties to any such dispute attorn to the jurisdiction of the courts in the Province of Alberta.Legacy’s failure to insist upon or enforce strict performance of any provision of this Agreement is not to be construed as a waiver of any provision or right. All references herein to Legacy are deemed to include any subsidiary, affiliate or successor of Legacy.

READER ADVISORY

The Website and Collateral contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information refers to information about Legacy’s business, capital, and operations that is prospective in nature, and includes future-oriented financial information about Legacy’s prospective financial performance and financial position. Legacy has made certain material assumptions about future economic conditions and Legacy’s future courses of action to develop the forward-looking information in the Website and Collateral. A variety of material risk factors could cause actual results to vary from the forward-looking information in the Website and Collateral. Legacy assumes no obligation to update or revise the forward-looking information in the Website and Collateral, unless it is required to do so under Canadian securities legislation.

NON-SOLICITATION

The information contained in the Website and Collateral does not purport to be all-inclusive or to contain all information that a prospective investor may require. Prospective investors are encouraged to conduct their own analysis and reviews of Legacy and of the information contained in the Website and Collateral. Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors and such other factors they consider appropriate in investigating and analyzing Legacy. This Website and Collateral does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to purchase or subscribe for any securities of Legacy nor will they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to such securities. The information contained herein was not prepared in connection with an offering of securities and in no way constitutes an offering memorandum for the purposes of applicable securities law. Further, the Website and Collateral is for informational purposes only and must not be used or relied upon for the purpose of making any investment decision or engaging in any investment activity. Neither Legacy nor any of its directors, officers, employees, agents or advisors make any representation or warranty in respect of the contents of the Website and Collateral or otherwise in relation to Legacy or any of its respective businesses. In particular, no representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information or opinions contained herein, which have not been independently verified. No person will have any right of action (except in case of fraud) against Legacy or any other person in relation to the accuracy or completeness of the information contained in the Website and Collateral. The information contained in the Website and Collateral is provided as at the date hereof and is subject to amendment, revision and updating in any way without notice or liability to any party. Certain information contained herein has been prepared by third-party sources. The information provided herein has not been independently audited or verified, by Legacy. Legacy has used its best efforts to ensure the accuracy and completeness of the information presented.

EXEMPTION & SUITABILITY DISCLAIMER

The Corporation intends to distribute the Offered Shares to qualified purchasers. Subject to certain exceptions, Legacy is available to accredited investors. It is also available to individuals who qualify under the friends, family and close business associates exemption. In Canada, this material is directed only at persons that fit within the following exemptions from the prospectus requirement in securities legislation: (i) section 2.3 (Accredited investor) of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”); (ii) section 73.3 (Exemption, accredited investor) of the Securities Act (Ontario); (iii) section 2.5 (Family, friends and business associates) of NI 45-106; (iv) section 2.6 (Family, friends and business associates – Saskatchewan) of NI 45-106; (v) section 2.6.1 (Family, friends and business associates – Ontario) of NI 45-106; and (vi) section 2.10 (Minimum amount investment) of NI 45-106. Any content to which material relates is available only to such persons and will be engaged in only with such persons. By viewing this material you represent and warrant that you are a person who falls within the above description of persons entitled to and receive this material and that you agree to be bound by the provisions of this disclaimer. No securities commission or similar regulatory authority has reviewed or passed on the merits of the securities of this material and all of its contents.

FORWARD LOOKING INFORMATION

This material contains “forward-looking information” defined by the Canadian securities legislation. Forward-looking information refers to information about Legacy’s business, capital, and operations that is prospective in nature, and includes future-oriented financial information about Legacy’s prospective financial performance and financial position. Legacy has made certain material assumptions about future economic conditions and Legacy’s future courses of action to develop the forward-looking information in this presentation. A variety of material risk factors could cause actual results to vary from the forward-looking information in this presentation. Legacy assumes no obligation to update or revise the forward-looking information in this presentation, unless it is required to do so under Canadian securities legislation. Disclosed, as permitted by law, where its use and disclosure is for the purposes described above.

NON-GAAP FINANCIAL MEASURES

A non-GAAP financial measure is a numerical measure that adjusts the most directly comparable measure determined in accordance with GAAP. Such measures provide supplemental information regarding a company’s historical or future financial position, performance, cash flows, or liquidity. Legacy Communities shows specific historical and current returns that are based on the following calculations that are constructed with an APOD (Annual Property Operating Data) analysis. Cash on cash is defined as the CFBT (Cash Flow Before Taxes). The CFBT is derived from the Gross Operating income less expenses, debt service (if any) and structural reserve. In the event a dividend payment is to be declared to shareholders from the cash flow, the CFBT operating expenses and tax costs would be deducted first. The remainder would then be paid to shareholders in the form of a dividend. In the event a dividend payment is to be declared to shareholders from the cash flow would be the CFBT and then from that would be operating expenses and tax costs deducted, the remainder is what would be paid to shareholders in the form of a dividend. Composite Return is the addition of CFBT and Principal pay down on the mortgage loan (if applicable) each year. The calculations do not consider appreciation within any calculations, as it is speculative in nature. Composite Return = Cash Flow + Equity Gained through principal pay down through retirement of the loan. Dividends are not guaranteed and may not be paid on a current basis of at all.

PERSONAL INFORMATION CONFIDENTIALITY DISCLAIMER

This material should be read in conjunction with the Legacy Communities Inc. term sheet (contact to request a copy) dated May 1, 2019, or subsequent revisions thereto. This material is for informational purposes only and does not constitute an offer to sell or a solicitation to buy securities referred to herein. You hereby authorize the Corporation to provide your personal information to securities regulators for the purpose of permitting securities regulators to administer and enforce Canadian securities legislation. You understand that you have a right to be informed of the existence of personal information about you that is kept by securities regulators, that you have the right to request access to that personal information, and that you have the right to request that such personal information be corrected, subject to the applicable provisions of the freedom of information and protection of privacy legislation adopted by each Canadian province and territory. You also understand and agree that the personal information securities regulators collect about you may also be disclosed, as permitted by law, where its use and disclosure is for the purposes described above.