Certificate of Completion

Grey County

Camperdown Road, Blue Mountain, Ontario

Camperdown Road, Blue Mountain, Ontario

18 Hole Golf Course Construction

Date substantially performed:

2003-10-10

Date certificate signed:

2003-10-17

Name of Owner

Canadian Development Management Corporation, Camperdown West I Limited, Camperdown West II Limited, Camperdown West III

Address of Owner

171 Osler Bluff, Collingwood, ON L9Y 3L2

Name of Contractor

Bruce S. Evans Limited

Address of Contractor

P.O. Box 10039 50 Keith Road, Bracebridge, ON P1L 1W6

Name of Certifier

Hurdzan/Fry Golf Course Design Inc.

Address of Certifier

1270 Old Henderson Road, Columbus, Ohio

Firstly: Part of Lot 26, Concession 7 of the Geographic Township of Collingwood being Parts 1, 2, 3, 4 and 5 on Plan 16R-4047 as set out in the attached schedule Secondly: Part of Lot 26, Concession 7 as set out on the attached schedule Thirdly: Part of Lot 27, Concession 7 designated as Parts 3 and 5-20 Inclusive, Plan 16R-3957 Fourthly: Part of Lot 27, Concession 7, All in the Town of Blue Mountains (formerly Township of Collingwood) County of Grey