Municipally Known As 2480 15Th Sideroad, King City, Ontario And

SPORTS FIELD AGREEMENT - VILLANOVA COLLEGE

THIS AGREEMENT dated as of the day of 2014

BETWEEN:

ST. THOMAS OF VILLANOVA CATHOLIC SCHOOL

(the "School")

-and-

THE CORPORATION OF THE TOWNSHIP OF KING

(the "Township")

WHEREAS:

A. The School is a not-for-profit corporation incorporated pursuant to the laws of the Province of Ontario.

B. The School owns or controls certain property located in The Township of King, Ontario municipally known as 2480 15th Sideroad, King City, Ontario and legally described as Part of Lot 11, Concession 4 King PIN 03371-0272 (LT), Township of King, Regional Municipality of York (the "Property") upon which it operates a middle school and high school commonly referred to as Villanova College.

C. A new artificial turf sports field on the Property, as more particularly described herein, will serve the needs of both the School and the Township.

D. The School has agreed to the construction by the Township (at the Township's sole cost and expense) of a new artificial turf sports field, as more particularly described herein, on the Property, subject to and upon the terms set out herein.

NOW THEREFORE in consideration of Ten ($10.00) Dollars and other valuable consideration the receipt and sufficiency of which is hereby acknowledged, the Parties (as hereinafter defined) hereto agree each with the other as follows:

ARTICLE 1 INTERPRETATION

1.1 Definitions

In this Agreement, including in this subsection 1.1, the following capitalized words or terms have the following meanings, unless something in the subject matter or context is inconsistent therewith:

a) "Agreement" means this agreement, including all schedules attached hereto, and all amendments made in accordance herewith;

b) "Business Day" means any day, other than a Saturday, Sunday or statutory or civic holiday in Ontario;

c) "Consultant" means the firm retained by the Township, with the consent of the School acting reasonably, to prepare the Plans and Specifications for the Sports Field; d) "HST" means taxes eligible under Part IX of the Excise Tax Act (Canada) and applicable legislation which combines Ontario's sales taxes;

e) "Net Revenue" means the difference resulting from the subtraction of the total amount of all costs incurred by the School pursuant to Section 3 of this Agreement (including but not limited to commissions, accounting costs, legal costs, transactional costs, and repair and maintenance costs) from the amount of all revenues received by the School pursuant to Section 3 herein;

f) "Parties" means the School and the Township and "Party" means either one of them; g) "Person" means a natural person, partnership, limited partnership, limited liability partnership, syndicate, sole proprietorship, corporation or company (with or without share capital), limited liability company, stock company, trust, unincorporated association, joint venture or other entity or governmental authority; h) "Plans and Specifications" means the plans and specifications for the Sports Field prepared by the Consultant;

i) "Project Costs" means all hard and soft costs associated with the development and construction of the Sports Field, including without limitation, all reasonable amounts, fees and disbursements incurred for architects, designers, engineers, landscapers, surveyors, construction managers, lawyers and all other professionals and consultants, (but excluding the legal fees incurred by any party relating to the negotiation and finalization of this Agreement), costs associated with any approvals required to construct the Sports Field including all site application and permit fees, all hard and soft construction costs including without limitation excavation, site preparation, landscape costs, costs required to provide electricity to the Sports Field, all lighting and electrical connections and appurtenances required therefor, drainage facilities, and all payments to contractors for labour materials, supplies and services and all applicable taxes, including HST and net of all rebate amounts;

j) "School Hours" means 6:00 a.m. to 6:00 p.m. on each day and such other times during each day during which the School provides as part of its curriculum, classes, courses of study or academic programs;

k) "Sports Field" means the new artificial turf sports field (including but not limited to athletic lighting, general lighting, seating, signage, pathways providing access, equipment and all associated grading, drainage, electrical and plumbing) to be constructed on the Property as approximately shown on the Site Plan attached as Schedule "A" and in accordance with the Plans and Specifications approved by the Parties, all as provided herein.

1.2 Sections and Headings

The division of this Agreement into Articles, Sections and other subdivisions and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. Unless something in the subject matter or context is inconsistent therewith, references herein to Articles, Sections or other subdivisions are to Articles, Sections or other subdivisions of this Agreement.

1.3 Extended Meanings

The terms "this Agreement", "hereof, "hereunder" and similar expressions refer to this Agreement and not to any particular Article, Section or other subdivision hereof and include any agreement or instrument supplemental or ancillary hereto. Words importing the singular number Appendix 'A' - PRC-2014-16 only shall include the plural and vice versa, and words importing gender shall include all genders. The terms "including" and "such as" shall mean "includes without limitation" and "such as without limitation", as the case may be. Time is of the essence in the performance of the Parties' respective obligations.

1.4 Schedules

The following schedules are incorporated by reference in and form a part of this Agreement:

Schedule "A" Site Plan Schedule "B" Construction Timeline Schedule "C" Maintenance Standards Schedule "D" Financial Contribution Conditions

ARTICLE 2 INSTALLATION

2.1 Preparation of Plans and Specifications

The Township shall, in consultation with the School, cause the Consultant to prepare the Plans and Specifications for the Sports Field, comprising the installation of artificial turf on the playing field located on the Property at the approximate location shown on the Site Plan attached hereto as Schedule "A". The Parties agree to provide to the Consultant all advice, information and assistance reasonably required by them from time to time in order to prepare the Plans and Specifications.

2.2 Approval of Plans and Specifications

The Township shall submit the Plans and Specifications to the School for its approval acting reasonably and without delay. The Parties will work cooperatively and in good faith to address any concerns and/or required revisions to the Plans and Specifications as soon as possible. The Township acknowledges that it has the sole responsibility to retain and instruct the appropriate Consultant and other experts, as required, with the consent of the School acting reasonably. The Plans and Specifications, once approved by the Parties, shall constitute the entirety of the Sports Field Project contemplated by this Agreement.

2.3 Permit and Other Approval Applications

The Township shall file an application for any required building permits or other required approvals as soon as possible following the approval of the Plans and Specifications by the Parties at the Township's sole cost and expense and will diligently pursue the permit application and all other required approvals needed for the construction and operation of the Sports Field in compliance with all applicable laws.

2.4 The Township to Construct

The Township agrees to develop and construct the Sports Field in accordance with the approved Plans and Specifications, in a good and workmanlike manner and otherwise in accordance with the provisions of this Agreement and at its sole cost and expense. The Township shall arrange to commence construction as soon as possible following issuance of the building permit and attainment of any other municipal or regulatory approvals, subject to weather conditions. The Township will use commercially reasonable efforts to complete the Sports Field as soon as possible following commencement of construction in accordance with the timeline set out in Schedule "B" attached hereto. Notwithstanding any other provision

Appendix 'A' - PRC-2014-16 contained herein, if the construction of the Sports Field has not commenced on or before June 30, 2015, either the School or the Township shall have the option, by notice in writing to the other, to declare this Agreement at an end. In such event, the Parties shall be released from their respective obligations.

2.5 Ownership of the Sports Field

The Sports Field, once constructed, shall be owned exclusively by the School and shall form part of the Property.

2.6 Project Review and Revisions of Plans and Specifications The Consultant will be responsible for the overall project management of the design and construction of the Sports Field. Subject to the mutual agreement of the Parties, the scope of work and the specifications identified in the Plans and Specifications may from time to time be modified in order to ensure that the Project Costs do not exceed the estimated cost to construct the Sports Field of One Million, Six Hundred Thousand Dollars ($1,600,000.00) (the "Estimated Cost").

ARTICLE 3 PROJECT COSTS & MARKETING RIGHTS

3.1 Contributions and Payment of Project Costs The Project Costs shall be paid solely by the Township except as a result of an agreement to pay pursuant to subsection 3.5. Notwithstanding the foregoing, the Township shall be entitled to obtain financial contributions from sports groups and sports associations which intend to use the Sports Field.

The Township and the School agree that the funds required to construct the Sports Field will be subject to approval through the annual municipal budget process.

3.2 Sports Field Marketing/Advertising Rights The School and The Township shall be permitted to install and maintain their respective logos on the artificial turf surface of the Sports Field. The cost associated with any initial installation or subsequent maintenance/replacement shall be borne by the respective Party. No other advertising shall be allowed directly on the artificial turf surfacing.

Notwithstanding the payment of the Project Costs by the Township, the School will have control of the rights to the marketing and advertising in, on and around the Sports Field. The Township shall be consulted regarding any agreement related to such marketing and advertising and shall be entitled to fifty percent (50%) of the Net Revenue. Any costs associated with the implementation of such marketing and advertising will be borne solely by the School.

3.3 Sports Field Naming Rights The School will have the control of the naming rights of the Sports Field. Notwithstanding such naming rights, the Township shall be consulted regarding any agreement for such naming rights and shall be entitled to fifty percent (50%) of the Net Revenue. Any costs associated with the implementation of such naming rights will be borne solely by the School.

Appendix 'A' - PRC-2014-16 3.4 Signage

Notwithstanding any branding, marketing and advertising of and on the Sports Field as identified in subsection 3.2, the Township reserves the right to erect signage consistent with current Township designs to identify the site for the use by the public as a Sports Field and to acknowledge the financial contributions associated with construction of the Sports Field. Such signage will state that the Sports Field is not a public park or public space and that the use of the Sports Field without a permit granted by the Township is prohibited.

3.5 Request for Proposal or Tender

The Township intends to issue a request for proposal or tender for the construction of the Sports Field (the "Request"). Among other terms, the Request shall provide that: (i) the winning bidder shall guarantee the artificial turf for a minimum period of ten (10) years providing for its repair and replacement, as necessary; (ii) that the cost of installation shall be for a fixed price; and (iii) that the installation shall be effected in a good and workmanlike manner, in accordance with the Plans and Specifications to be prepared by the Consultant as outlined in subsection 2.6. If the bids received in response to the Request exceed the Estimated Cost exclusive of HST, then either the Township or the School may agree to pay the additional Project Costs in excess of the Estimated Cost. In the absence of one of the Parties agreeing in advance in writing to do so, this Agreement shall be at an end, and a contract will not be awarded for the installation of Sports Field.

ARTICLE 4 MANAGEMENT OF SHARED REVENUE

4.1 Revenue - Marketing, Advertising or Naming Rights

The School shall be responsible for the administration of the agreements for the marketing, advertising and/or naming rights of the Sports Field including the following:

a) The School shall maintain proper accounting records with respect the Net Revenue and any agreements for the marketing, advertising and/or naming rights of the Sports Field; b) By no later than May 30th of each year during the term of this Agreement and any extensions thereto, the School shall conduct a review of its accounting records related to the Net Revenue and any agreements for the marketing, advertising and/or naming rights of the Sports Field and shall deliver a report to the Township related to such matters which report shall include a statement certifying to the Township that the School has complied with generally accepted accounting principles in connection with such matters (the "Net Revenue Report");

c) Following the delivery of the Net Revenue Report, the School shall deliver its accounting records (including all its data and receipts) related to the Net Revenue and any agreements for the marketing, advertising or naming rights of the Sports Field if requested in writing to do so by the Township;

d) By no later than June 15th of each year during the term of this Agreement and any extensions thereto, the Treasurer of the Township shall deliver to the School his/her written approval or rejection of the Net Revenue Report (the "Treasurer's Report");

Appendix 'A' - PRC-2014-16 e) If the Treasurer's Report indicates that the Township approves the Net Revenue Report, the School shall pay the Township an amount representing fifty percent (50%) of the Net Revenue by no later than June 30th.

f) If the Treasurer's Report indicates that the Township rejects the Net Revenue Report, the School shall use its best efforts to rectify any errors or discrepancies in the Net Revenue Report to the satisfaction of the Township. In the event that any errors or discrepancies in the Net Revenue Report cannot be resolved by the Parties acting reasonably, such dispute shall be resolved pursuant to subsection 8.8 herein.

ARTICLE 5 USE OF THE SPORTS FIELD

5.1 The Sports Field

The School shall use the Sports Field at no cost to the School. The Parties have agreed to the following access arrangements:

a) The School shall have exclusive use of the Sports Field during School Hours;

b) The School shall have the first right to use the Sports Field after 6:00 p.m. on no more than three (3) Fridays in total during the period of September to November annually;

c) The School shall have the first right to use the Sports Field between the hours of 8:00 a.m. and 6:00 p.m. on no more than three (3) Saturdays in total during the period of September to November annually;

d) The School will provide the dates of the three (3) Fridays and the three (3) Saturdays referred to in subsections 4.1(b) and 4.1(c) herein by no later than March 1 of the same year.

e) Subject to subsections 4.1(b) and 4.1(c) herein, in recognition of the payment of the Project Costs by the Township, the Township shall have the right to make the Sports Field available for use after School Hours and during School Holidays by granting permits for such use. Any user fees paid to the Township for the use of the Sports Field, inclusive of fees associated with the operation of the lighting shall belong solely to the Township.

f) Subject to subsections 4.1 (b) and (c) herein, the Township will only grant permits to use the Sports Field during the months of May to October inclusive, Monday to Friday from 6:00 p.m. to 11:00 p.m. and on Saturdays and Sundays from 8:00 a.m. to 11:00 p.m.

g) Subject to subsections 4.1 (b), (c) and (e) herein, the Township reserves the right to grant permits to use the Sports Field during the months of May to October inclusive when the School is not use, Monday to Friday from 8:00 a.m. to 6:00 p.m.

h) The Township shall have the first right to use the Sports Field between the hours of 6:00 p.m. and 11 p.m. on three (3) evenings per week (Monday to Friday) from November 15th of each year and prior to April 15th of each year at no cost to the Township provided that the Township grants permits for such use.

i) The School shall use its best efforts to provide parking at no charge to anyone using the Sports Field. The School agrees to repair and maintain the parking facilities on the Property at its sole cost and expense. Appendix 'A' - PRC-2014-16 j) The Township agrees that the Sports Field is not a public park or public space and that it may only permit sporting events on the Sports Field, and no other type of event(s) unless mutually agreed upon in writing by the Parties.

5.2 Maintenance

a) The Sports Field shall be operated, inspected, maintained and repaired in a manner equivalent to the standard from time to time applied to comparable outdoor facilities of comparable age and consistent with the maintenance standards set out in Schedule "C" attached hereto.

b) The School and the Township shall follow the manufacturer's recommendations for the care and maintenance of the Sports Field.

c) The Township shall be responsible for the scheduling and implementation of any maintenance required annually as set out in Schedule "C" attached hereto. Annual maintenance items will be scheduled in consultation with the School to ensure there is minimal disruption to usage. The costs of the annual maintenance shall be borne solely by the Township.

d) The Township shall be responsible for the scheduling and implementation of any maintenance required on a day to day basis as set out in Schedule "C" attached hereto from June 15 to Labour Day annually. The cost of the associated maintenance including, but not limited to staff resources, equipment resources and materials, shall be borne solely by the Township.

e) The School shall be responsible for the scheduling and implementation of any maintenance required on a day to day basis as set out in Schedule "C" attached hereto from Labour Day to June 15 annually. The cost of the associated maintenance including, but not limited to staff resources, equipment resources and materials, shall be borne solely by the School.

f) The Sports Field shall be inspected annually by a third party, in consultation with the School and the Township for the purpose of maintaining any and all warranties. The third party will be selected and contracted by the Township. The cost of the annual inspection will be borne solely by the Township.

g) The Township will pay the costs associated with the operation of the lighting of and for the Sports Field including all charges for electricity.

In the event of a dispute between the Parties regarding the maintenance standards herein, such dispute shall be resolved pursuant to subsection 8.8 herein.

5.3 Term and Early Termination

Except as provided in this subsection and subsection 3.5, this Agreement shall have a term of no less than two (2) consecutive ten (10) year periods from the date of execution hereof (the "Term"). Notwithstanding the foregoing, the School may, upon written notice to the Township, terminate this Agreement prior to the expiry of the Term, if:

i) the School closes Villanova College as a school and requires the property for other purposes; or

ii) it is necessary in order to comply with existing or future legislation.

Appendix 'A' - PRC-2014-16 In the event the Agreement is terminated prior to the end of the agreed upon term, the School shall compensate the Township for the financial contribution related to the development of the Sports Field as identified in Schedule "D".

No less than eighteen (18) months prior to the end of the first 10 year period, the Parties shall conduct good faith discussions regarding the expected remaining years of usage, if any, of the then existing artificial turf on the Sports Field (the "Existing Turf"). The Parties acting reasonably and in good faith shall mutually determine whether the Existing Turf must be replaced or whether the Existing Turf has a further lifespan. If the Parties determine that the Existing Turf has a further lifespan, the original ten (10) year period shall be extended for the remaining lifespan of the Existing Turf and the extension of the period shall be at no additional cost to the Township and shall be extended on the same terms and conditions as contained herein (save and except for the Term).

Ifthe Parties determine that the Existing Turf must be replaced at the end of the original period, the Township shall have the option to replace the Existing Turf with a new artificial turf surface at its sole cost and expense and upon such replacement occurring, a second ten (10) year period under the same terms and conditions herein shall begin at no additional cost (other than he replacement costs referred to above) to the Township.

5.4 Option to Construct Dome

The School shall have the right to construct a winter dome enclosing the field or a portion thereof on the Sports Field (the "Dome") at its sole cost and expense subject to the prior written approval of the Township, which approval shall not be unreasonably withheld. Any revenue derived from the use of the Sports Field during the operations within the Dome shall accrue to the benefit of the School. Any expenses related to the use of the Dome (including but not limited to heat, electricity and maintenance) shall be borne solely by the School. The Dome shall only be erected and used after November 15th of each year and prior to April 15th of each year.

ARTICLE 6 CAPITAL REPAIRS

6.1 Capital Repairs

Sports Field The Township shall be responsible for the cost of all capital repairs to the Sports Field. Notwithstanding that responsibility, the School shall be responsible for fifty percent of the replacement costs of the artificial turf surfacing should it exercise the option outlined in subsection 4.5.

Dome The School shall be responsible for the cost of all capital repairs to the Dome and any related infrastructure.

6.2 Meetings

The Township and the School will meet periodically, but no less than twice during each twelve month period during the Term and any renewals thereof, to discuss and prioritize a list of capital repairs and improvements.

6.3 Approvals

Appendix 'A' - PRC-2014-16 The Township and the School agree that any capital repairs orimprovements to the Sports Field will be subject to approval through the annual municipal budget process. Projects with costs in excess of $50,000 will be subject to subsequent approvals ofthe Council of the Township prior to implementation.

ARTICLE 7 INSURANCE AND INDEMNITY

7.1 Indemnity of the Township

The Township shall indemnify and hold harmless the School and its employees, representatives and agents from and against any and all liability, loss, harm, claims demands, actions or suits whatsoever made against the School arising out of or connected with the Township's use, or the issue of permits by the Township for the use, of the Sports Field, save and except to the extent that any such liability, loss, harm, claims, demands, actions or suits occur as a result of the negligence or willful misconduct of the School or its employees, agents, subcontractors and licensees.

7.2 Indemnity of the School

The School shall indemnify and hold harmless the Township and its employees, representatives and agents from and against any and all liability, loss, harm, claims demands, actions or suits whatsoever made against the Township arising out of or connected with the School's ownership and/or use of the Sports Field, save and except to the extent that any such liability, loss, harm, claims, demands, actions or suits occur as a result of the negligence or willful misconduct of the Township or its employees, agents, subcontractors and licensees.

7.3 Insurance - The Township

The Township shall throughout the Term and any renewals thereof, at its sole cost and expense, take out and keep in full force and effect commercial general liability insurance with limits of not less than Five Million Dollars ($5,000,000.00) per occurrence that protects the Township, from all claims, demands, actions, suits or causes of action of any kind that may be taken or made against the Township, its employees, representatives and/or agents, for any loss of or damage to property, and personal injury, including bodily injury or death, that may arise with respect to the Township's use, or the issue of permits by the Township for the use of the Sports Field as set out in this Agreement. The policy shall name the School as an additional insured and include non-owned automobile liability, employees as additional insured as well as a cross liability and severability of interests clause, and shall be endorsed to provide the School with not less than thirty (30) days' notice in writing in advance of any cancellation. Upon execution of this Agreement, the Township shall provide the School with a certificate of insurance evidencing the required coverage.

7.4 Insurance - The School

The School shall throughout the Term and any renewals thereof, at its sole cost and expense, take out and keep in full force and effect commercial general liability insurance with limits of not less than Five Million Dollars ($5,000,000.00) per occurrence that protects the School, from all claims, demands actions, suits or causes of action of any kind that may be taken or made against the School, its employees, representatives and/or agents, for any loss of or damage to property, and personal injury, including bodily injury or death, that may arise with respect to the School's ownership and/or use of the Sports Field. The policy shall name the Township as an additional insured and include non-owned automobile liability, employees as additional insured, Appendix 'A' - PRC-2014-16 as well as a cross-liability and severability of interests clause, and shall be endorsed to provide the Township with not less than thirty (30) days' notice in writing in advance of any cancellation. Upon execution of this Agreement, the School shall provide the Township with a certificate of insurance evidencing the required coverage.

ARTICLE 8 GENERAL TERMS

8.1 Benefit of the Agreement

This Agreement shall ensure to the benefit of and be binding upon the respective successors and permitted assigns of the Parties hereto. The School shall have no right to assign its interest in this Agreement without the prior written consent of the Township, which consent may be unreasonably withheld.

8.2 Entire Agreement

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and cancels and supersedes any prior understandings and agreements between the Parties with respect thereto. There are no representations, warranties, terms, conditions, undertakings or collateral agreements, express, implied or statutory, between the Parties.

8.3 Amendments and Waivers

This Agreement may be amended and a breach of this Agreement may be waived on the delivery of a written amendment signed by the Parties or written waiver signed by the Party granting such waiver. Unless otherwise provided, a waiver of any breach of this Agreement shall be limited to the specific breach waived.

8.4 Severability

If any provision of this Agreement is determined to be invalid or unenforceable in whole or in part, such invalidity or unenforceability shall attach only to such provision or part thereof and the remaining part of such provision and all other provisions hereof shall continue in full force and effect.

8.5 Notices

Any notice, consent, waiver or other communication given under this Agreement must be in writing and may be given by delivering it or sending it by facsimile or other similar form of recorded communication addressed:

(a) to the School at:

2480 15th Sideroad, P.O. Box 133 King City, ON L7B 1A4

Attention: Head of School Telephone: 905-833-1909 Facsimile: 905-833-1915

with a copy (which shall not constitute notice to the School) to:

Appendix 'A' - PRC-2014-16 Michael A. Carli Legal Counsel to the School Suite 401, 3700 Steeles Avenue West Woodbridge, ON L4L 8K8 Telephone: 905-850-5060 ext. 36 Facsimile: 905-850-5066

(b) to the Township at:

2075 King Road, King City, ON L7B 1A1

Attention: Township Clerk Telephone: 905-833-5321 Facsimile: 905-833-2300

Anysuch communication will be deemed to have been delivered on the date of personal delivery or transmission by facsimile or other similar form of recorded communication, as the case may be, if such day is a Business Day and such delivery or transmission was received by the recipient Party prior to 5:00 p.m. Toronto time and otherwise on the next business Day. Any Person may change its address for service by notice given in accordance with the foregoing and any subsequent communication must be sent to such Person at its changed address.

8.6 Authority

Each of the School and the Township represent to the other that they have all requisite power and authority to enter into this Agreement and to perform their respective obligations hereunder.

8.7 Governing Law

This Agreement will be governed by and construed in accordance with the laws of the Province of Ontario, without giving effect to any principles of conflicts of law. Each of the Parties irrevocably submits to the jurisdiction of the courts of Ontario for the purpose of any suit, action or other proceeding related to or arising out of this Agreement.

8.8 Dispute Resolution

Either of the Parties may submit a dispute arising from the operation or interpretation of this Agreement to arbitration and such arbitration shall be held in King City, Ontario and shall be conducted in accordance with the Arbitration Act (Ontario) except that the arbitration shall be conducted by either (a) an arbitrator selected by the mutual agreement of the Parties or (b) if the Parties are unable to agree on the choice of an arbitrator within fifteen (15) Business Days, by an arbitrator appointed by a Justice of the Ontario Superior Court of Justice. The decision of the arbitrator shall be final and binding upon the Parties and the expense of the arbitration shall be shared equally by the Parties unless the arbitrator determines that one party has acted unreasonably, in which case the expense of the arbitration shall be determined by the arbitrator. The Parties agree not to appeal or otherwise contest any decision by the arbitrator concerning the allocation of the costs, fees or expenses related to the arbitration.

8.9 Counterparts and Facsimile Execution

This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which together shall constitute the same agreement. This Agreement may be executed and delivered by facsimile or other electronic means.

Appendix 'A' - PRC-2014-16 IN WITNESS WHEREOF the Parties have executed this Agreement as of the date set out above.

SIGNED, SEALED AND DELIVERED

ST. THOMAS OF VILLANOVA CATHOLIC SCHOOL

Quinto Annibale, President I have authority to bind the School.

THE CORPORATION OF THE TOWNSHIP OF KING

Steve Pellegrini, Mayor

Kathryn Smyth, Township Clerk

Authorized by By-law 2014-69

Appendix 'A' - PRC-2014-16 SCHEDULE"A" SITE PLAN

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Appendix 'A' - PRC-2014-16 SCHEDULE"B"

PROPOSED CONSTRUCTION TIMELINE

Detailed Design and Tender Preparation: To be completed by November 2014

Tendering Process: March 1 to March 20, 2015

Approval of Tender and Award of Contract: March 31, 2015

Construction Start: May 20, 2015

Completion: August 30, 2015

Appendix 'A' - PRC-2014-16 SCHEDULE"C"

MAINTENANCE STANDARDS

Annually:

• Deep grooming - one or two times per season, dependent on usage

• Inspection and major repairs - full inspection to be conducted a minimum of three times

per season, repairs completed as required

Day to Day:

• General grooming - every eighty (80) hours of use

• Rubber crumb in-fill replenishment - as required based on usage

• Inspection for turf damage and cleaning - visual inspection to be completed weekly

• Minor repairs - as required

Appendix 'A' - PRC-2014-16 SCHEDULE"D"

Financial Contribution Conditions

The following outlines the financial compensation to be borne by the School in the event the Agreement is required to be terminated prior to the end of the agreed upon Term, pursuant to subsection 5.3 of this Agreement:

Schedule Project Value Average Annual Investment School Based on 20 year minimum - $80,000 Contribution

At Time of Construction $1,600,000.00 $80,000.00

Following Year 1 -2015 $80,000.00 $1,520,000.00 Following Year 2-2016 $160,000.00 $1,440,000.00 Following Year 3-2017 $240,000.00 $1,360,000.00 Following Year 4-2018 $320,000.00 $1,280,000.00 Following Year 5-2019 $400,000.00 $1,200,000.00 Following Year 6 - 2020 $480,000.00 $1,120,000.00 Following Year 7 -2021 $560,000.00 $1,040,000.00 Following Year 8 -2022 $640,000.00 $960,000.00 Following Year 9 -2023 $720,000.00 $880,000.00 Following Year 10-2024 $800,000.00 $800,000.00

Based on 20 year minimum - $80,000 Plus the required field reconstruction Following Year 11 * $500,000.00 $930,000.00 $1,170,000.00 Following Year 12 $1,060,000.00 $1,040,000.00 Following Year 13 $1,190,000.00 $910,000.00 Following Year 14 $1,320,000.00 $780,000.00 Following Year 15 $1,450,000.00 $650,000.00 Following Year 16 $1,580,000.00 $520,000.00 Following Year 17 $1,710,000.00 $390,000.00 Following Year 18 $1,840,000.00 $260,000.00 Following Year 19 $1,970,000.00 $130,000.00 Following Year 20 $2,100,000.00 $0.00

To commence following re-application/reconstruction of the turf

Appendix 'A' - PRC-2014-16