SITE PLAN DEVELOPMENT AGREEMENT. THIS AGREEMENT made this Pc day of, A MO N G: ONTARIO LIMITED. (hereinafter called the Owner )

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SITE PLAN DEVELOPMENT AGREEMENT THIS AGREEMENT made this Pc day of, 2013. A MO N G: 1151678 ONTARIO LIMITED (hereinafter called the Owner OF THE FIRST PART - and - THE CORPORATION OF THE TOWNSHIP OF KING (hereinafter called the Municipality OF THE SECOND PART WHEREAS the Owner warrants and represents that the Owner is the registered owner of the lands described in Schedule A annexed hereto (the Lands and has a good and marketable title thereto; AND WHEREAS the Owner warrants and represents that there are no encumbrancers, or any other person, firm or corporation having any interest in or claim against the Lands other than the Owner; AND WHEREAS this Agreement is being entered into pursuant to the provisions of section 41 of the Planninq Act, R.S.O. 1990, c. P.13, as amended; NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual covenants herein contained and other good and valuable consideration, the parties hereto covenant and agree as follows: 1. Recitals Correct The Owner warrants and agrees that the above recitals are true and correct. 2. Schedules The following schedules form part of and are incorporated in and as part of this Agreement: (a Schedule A Legal Description of the Lands (b Schedule B Site Development Plans (c Schedule C Conditions (d Schedule D Estimated Cost of Facilities, Services, Works, Landscaping (e Schedule E Special Conditions Regarding Maintenance

7 3. Prohibition The Owner hereby agrees that no development or re-development will proceed or take place on the Lands except as shown on plans, drawings and specifications approved by Council of the Municipality (hereinafter referred to as the Site Development Plans which Site Development Plans are identified in Schedule B attached hereto, and without limiting the generality of the foregoing, development or re development shall include the construction, erection or placing of one or more buildings or structures on the Lands or the making of an addition or alteration to a building or structure that has the effect of substantially increasing the size or usability thereof, or the other types of development defined in section 41(1 of the said Planning Act. 4. Conditions Unless otherwise approved by the Municipality pursuant to paragraph 3 hereof, the Owner shall develop the Lands and any adjoining abutting municipal property being part of the road allowance but not part of the travelled roadway (hereinafter referred to as the Boulevard in accordance with the said Site Development Plans and subject to the conditions contained in Schedule C attached hereto. 5. Conformity with Site Development Plans and Conditions The Owner further agrees that if any structures, buildings, facilities, services, works or landscaping improvements (hereinafter the Facilities are constructed on the Lands and Boulevard or either of them, they shall each be constructed in conformity with the Site Development Plans and the conditions contained in Schedule C attached hereto. It is understood and agreed that if construction is not commenced within one year of the approval of the Site Development Plans by the Council of the Municipality or the Ontario Municipal Board, or in the event that the development requires an Official Plan or Zoning By-law Amendment, within one year of such amendment becoming final and binding pursuant to the provisions of the said Planning Act, whichever occurs latest, such approval shall become null and void and the said Site Development Plans, if the Owner intends to proceed to construct, erect or place the said Facilities on the Lands, shall be re-submitted to the Municipality for approval pursuant to the terms of this Agreement and in accordance with the provisions of the said Planning Act. In such event, the Owner hereby acknowledges that the Municipality may alter, amend or revoke any or all of the previous conditions of approval and substitute new conditions of approval or may refuse to approve the new application. 6. Inspections The Municipality, its employees and authorized agents may enter onto the Lands for the purpose of inspection to ensure that the provisions of this Agreement have been complied with and the construction of the Facilities is in accordance with the Site Development Plans and Conditions specified herein. 7. Completion and Security The Owner shall construct and provide the Facilities shown on the Site Development Plans within two years of the approval by Council of the Municipality or the Ontario Municipal Board, or in the event that the development requires an Official Plan or Zoning By-law Amendment, within two years of such amendment becoming final and binding pursuant to the provisions of the said Planning Act, whichever occurs latest. As a condition of approval of any Site Development Plans, the Owner shall lodge with the Municipality cash or other security satisfactory to the Municipality for the completion of the Facilities described in Schedule 0 attached in such amount as specified therein (the Security. 8. The Municipality will accept an irrevocable letter of credit for the security referred to in paragraph 7 drawn on a chartered bank of Canada acceptable to the Municipality in lieu of the total cash amounts referred to in paragraph 7 and such additional

3 amounts as determined by the Municiplity 1 prqvidd uoh letter of Gredit hii be in form acceptable to the Municipality and contains the following provisions: i. the letter of credit shall be security for any obligations of the Owner pursuant to the provisions of this Agreement, without any limitations whatsoever; ii. drawings on the letter of credit shall be permitted upon presentation of a letter from the Municipality to the bank claiming default by the Owner under the terms of this Agreement, and such default shall not be limited to the actions of the Owner; iii. partial drawings shall be permitted; iv. if the Municipality has not determined the extent of the default or the amount required to rectify the default or compensate the Municipality or third parties as a result thereof, the Municipality may draw on the full amount of the letter of credit without any requirement to justify the amount of the draw; v. if the letter of credit is not renewed at least thirty (30 days prior to the date of expiry by an irrevocable letter of renewal or replacement letter of credit in such form and on such terms acceptable to the Municipality, the Municipality may be permitted to draw on up to 100% of the letter of credit on or before the date of expiry. Notwithstanding anything else herein contained, approval of the Site Development Plan shall be deemed not to have been given, and the Owner hereby agrees not to undertake any development or redevelopment or construction of any structures for which a building permit has been issued, unless provisions of paragraphs 7 and 8 have been fully complied with and this Agreement has been executed by the Owner of the Lands and has been registered on the title to the Lands. 9. Occupancy The Owner hereby agrees that no building or structure erected on the Lands shall be occupied for any purpose whatsoever unless an occupancy certificate has been issued by the Municipality to permit occupancy of said structure, and such occupancy certificate may provide: a that the issuance of the occupancy certificate is conditional upon any matter or thing stated in such occupancy certificate and that in the event such conditions are not complied with, then in the discretion of the Municipality, the occupancy certificate may be revoked; b for the posting of security, either in cash or by way of an irrevocable letter of credit containing the terms set out in paragraph 8 above, upon the issuance of an occupancy certificate to provide for the compliance of certain matters or things, and without limiting the generality of the foregoing, such matters or things may include the following: i the completion of any Facilities pursuant to the Site Development Plans; ii the rectification or completion of any grading, sodding or seeding of the Lot; iii finishing of the driveway; iv exterior painting of the building or structure or other external finishing of the building or structure; v any other matter or thing being a requirement of this Agreement or with respect to compliance with any by-laws of the Municipality.

4 10. Release of Security Upon certification by the Director of Planning for the Municipality that all conditions imposed by this Agreement have been satisfied and provided the Owner is not in default with respect to any other provisions of this Agreement, the Owner shall be entitled to the release of the balance of the Security held by the Municipality at the time of such certification. The Municipality shall not be required to refund or account for any Security utilized by the Municipality as a result of any default by the Owner under the provisions of this Agreement. 11. Construction The Owner shall undertake all construction activity on the Lands in such a manner so as not to unreasonably interfere with adjoining lands or traffic on adjacent streets. The Owner shall control all dust, mud and debris resulting from any construction activities and remove the same promptly from any municipal catch basin, manhole, sewer, ditch, culvert, roadway, boulevard or sidewalk. The Owner shall reimburse the Municipality or the Regional Municipality of York for any damage to any municipal services, facilities or works resulting from the development or redevelopment of the Lands, howsoever caused. 12. Maintenance The Owner shall maintain in good repair and in a safe and clean condition the Lands and the Boulevard, vegetation, structures, buildings, facilities, services, works and landscaping improvements on the Lands and Boulevard and each of them shall do all acts necessary to comply with and properly carry out and provide for the maintenance and use thereof, including the replacement or repair of broken, damaged or worn material or parts and the replacement of dead or diseased vegetation. The Owner shall further keep the Lands and Boulevard free and clear of all refuse, debris and obstructions. The foregoing shall be at the Owner s expense. Without limiting the generality of the foregoing, and in addition to anything else contained herein, the Owner shall be bound by, do and perform those obligations more particularly set out in Schedule E attached hereto. 13. Connections to Municipal Services All connections to the Municipality s water, storm and sanitary sewer mains shall be made by contractors approved by the Director of Public Works for the Municipality and under inspection by the Director of Public Works or a designate and at the Owner s expense. All water, storm and sanitary services constructed on or under the Lands shall be constructed to the satisfaction of the Director of Public Works for the Municipality. Relocation of any municipal services, facilities or utilities (including any curbs, gutters, catch basins, hydrants, poles, bus shelters, manholes, telephone boxes, valves, drains or transformers, whether owned by the Regional Municipality of York, the Municipality or any utility company, board or commission shall be carried out at the Owner s expense. 14. Building or Demolition Permits Notwithstanding the provisions of this Agreement, the Owner hereby acknowledges that the Municipality is not obligated to issue any building permits or demolition permits or grant any other permits or consents with respect to any development or re-development on the Lands unless: i all federal, provincial and municipal statutes, regulations, by-laws, ordinances, orders and requirements have been complied with; ii iii any other Agreements with the Municipality or any other governmental body or agency are not in default; and all property and business taxes with respect to the Lands have been paid in full.

5 In the event the development or re-development of the Lands heroin contemplated requires any other municipal or other governmental approvals, including but not limiting the generality of the foregoing, a building permit, an Official Plan Amendment, a consent for a severance, an amendment to any By-Law including a Zoning By-Law or variance pursuant to the provisions of the said Planning Act, a permit for access, ingress or egress, acceptances and approvals pursuant to the provisions of the Environmental Assessment Act, as amended or approvals pursuant to the provisions of the Environmental Protection Act or the Ontario Water Resources Act, in each case as amended, the approval of the Medical Officer of Health, the approval of the Conservation Authority having jurisdiction, or the approval of any other governmental body or agency, the Owner hereby agrees not to commence any work on the Lands or demolish or alter any building or structure on the lands unless all such approvals, permits or Zoning and Official Plan Amendments have been obtained and are in full force and effect. 15. Hard Surfaced Areas The Owner shall provide and maintain those parts of the Lands and Boulevard not occupied by the buildings or structures and shown as being for vehicular or pedestrian use on the Site Development Plans in a hard surface condition such as lockstone, asphalt or concrete or as more particularly specified on the Site Development Plans, at a grade satisfactory to the Director of Planning for the Municipality and further shall keep them clear of refuse, debris, snow and any other obstruction whatsoever which would either directly or indirectly interfere with the reasonable use of such areas for parking, access to parking, walkways, boulevard aprons, driveways, garbage storage or collection or such other use as more particularly shown on the Site Development Plans. 16. Parking Area The parking spaces shall be laid out and clearly marked on the site by painted lines or such other method approved by the Director of Planning for the Municipality in accordance with the Site development Plans. 17. Landscaping In the event the Site Development Plans and Conditions set out in Schedule NC attached do not provide sufficient detail with respect to landscaping requirements, the Owner shall install and maintain such landscaping improvements as may be required by the Director of Planning for the Municipality. All approved landscaping shall be maintained in a healthy and growing condition at all times. 18. Waste The Owner shall store all waste in the waste storage facilities as shown on the Site Development Plans or as approved by the Director of Planning for the Municipality. If the waste storage facilities are designed for the use of a bulk lift container, it shall be the Owners responsibility to provide for such container and for the regular removal and replacement of the same as may be reasonably required. In the event no waste storage facilities are shown on the Site Development Plans or approved by the Director of Planning for the Municipality, all waste shall be stored indoors. 19. Hydro The Owner shall, at the Owner s sole cost, comply with the requirements of Ontario Hydro, including bearing the cost of the relocation of existing hydro facilities if applicable. 20. Costs The Owner shall pay to the Municipality, forthwith upon demand, all costs and expenses incurred by the Municipality, whether directly or indirectly, in connection with this Agreement and the approval of any Site Development Plans. Without limiting the generality of the foregoing, such costs and expenses shall include a charge for the

6 processing of the Site Development Plans by the Municipality anc II I91 UrV1irI and engineering costs and the costs of any consultants retained by the Municipality incurred in connection with this Agreement and the registration thereof on title to the Lands. 21. Fire Access Routes The Owner shall designate such driveways as shown on the Site Development Plans as fire access routes or hereafter so designated by the Chief Building Official or Fire Chief for the Municipality and shall keep them clear and unobstructed at all times. The Owner shall erect and maintain signs, approved by the Chief Building Official or Fire Chief for the Municipality designating the fire access routes. 22. Lighting The Owner agrees that any lights used for the illumination of the building or parking areas shall be so arranged by diverting the lights away from adjoining lands so as to minimize the light affecting adjoining lands. 23. Signs In addition to the requirements as shown on the Site Development Plans, the Owner acknowledges that all signs require a separate permit and shall comply with all of the provisions of the Municipality s sign by-law. 24. Owner s Expense The Owner acknowledges that where this Agreement obliges the Owner to perform any work or to supply any materials, the same is to be done or supplied at the Owner s expense and not at the Municipality s expense. 25. Registration of the Lands. The Owner hereby consents to the registration of this Agreement on the title 26. Indemnification by Owner The Owner shall indemnify and save harmless the Municipality against all actions, causes of action, suits, claims and demands whatsoever which may arise directly or indirectly by reason of this Agreement or the Owner undertaking the development or re development herein referred to. 27. Default In the event of any default by the Owner pursuant to any of the terms of this Agreement, in addition to any other remedies available to the Municipality and without any limitation thereof, the Municipality may: a draw on the Security in whole or in part; b undertake or complete any obligation of the Owner hereunder; c enter upon the Lands through its servants or agents for any purpose whatsoever; d issue a stop work order with respect to any further development, re development or work upon the Land; e recover from the Owner all costs and expenses incurred by the Municipality whether directly or indirectly, with respect to the default or the remedy thereof and collect such costs and expenses in like manner as municipal taxes;

7 f revoke any building permit issued with respect to any structure on the Lands; g refuse the issuance of any occupancy certificate for any structure on the Lands. 28. Drainage The Owner shall not take any action or cause any work to be done that will adversely affect drainage from or onto properties adjoining the Lands, and the Owner shall with the prior approval of the Municipality, at the Owner s expense, construct such drainage works as may be required. Notwithstanding the aforesaid, the Owner shall indemnify and save harmless the Municipality with respect to all claims including cost relating to drainage from or onto lands adjoining the Lands as a result of the development or re-development hereby contemplated and the construction of any Facilities on the Lands. 29. Successors and Assigns The parties hereto hereby covenant and agree that this Agreement shall be binding upon them, their respective heirs, executors, administrators, successors and assigns. 30. Invalidity If a Court of competent jurisdiction should declare any section or part of a section of this Agreement to be invalid or unenforceable, such section or part of a section shall not be construed as being an integral part of the Agreement or having persuaded or influenced a party to this Agreement to execute the same, and it is hereby agreed that the remainder of the Agreement shall be valid and in full force and effect. 31. Counterparts This Agreement may be simultaneously executed in several counterparts, each of which when so executed shall be deemed to be an original and such counterparts together shall constitute but one and the same instrument. 32. Interpretation In construing this Agreement, words in the singular shall include the plural and vice versa and words importing the masculine shall include the feminine, and the neuter and vice versa, and words importing personas shall include corporations and vice versa. In the event of any conflict or ambiguity in the site Development Plans or Schedules to this Agreement, the decision resolving such conflict or ambiguity of the Director of Planning for the Municipality shall be final and binding. 33. Notice All notices, demands or requests provided for or permitted to be given pursuant to this Agreement shall be made in writing as follows: a if made to the Municipality, shall be addressed to The Clerk, Township of King, 2075 King Road, King City, Ontario, L7B IA1, with a copy to the. Director of Planning at the same address; b if made to the Owner at its respective designated addresses for service shown on the Document General attached to this Agreement in the Registry Office in which this Agreement is registered; or such other address in Ontario as any party may notify the other of in writing. All notices, demands or requests shall be deemed to have been properly given if delivered personally, sent by facsimile transmission or sent by prepaid and registered mail, return receipt requested. If notice is given by mail, the same shall be effective five (5 business days of

8 being deposited with the post office, or upon proof of delivery by return receipt. However, in the event of the interruption of postal services, the notice shall not be deemed to have been given during such period of interruption, unless the notice has been actually received.

9 IN WITNESS WHEREOF each individual party hereto has hereunto set his or her hand and seal and each corporate party hereto has hereunto affixed its corporate seal as attested to by the hands of its proper officers in that behalf duly authorized. SIGNED, SEALED AND DELIVERED in the presence of: Authorized to be executed by By-law passed on the day of.2011 THE CORPORATION OF THE TOWNSHIP OF KING: Per: Per: COMPANY.: Steve Pellegrini, Mayor Per_ (si ng authority Name (print: Title: Kathryn Smyth, Clerk &4.4 cfl, LA.FDA fl. 1A t., Pc,v Per: (signing authority Name (print: Title: We have the authority to bind the Corporation.

10 SCHEDULE A (Legal Description ALL AND SINGULAR that certain parcel or tract of land and premises situate lying and being in the Township of King, Regional Municipality of York and being composed of: Part Lots 34 and 35, Concession 5 As in R685916, Save and Except Parts 1, 2,3 and 4, Plan D758; Subject to Instruments K123251 and K126253 Township of King PIN No. 03403-0199(LT

11 SCHEDULE u Site Development Plans Name of Plan. Number of Date of Plan, Prepareçy Date of Drawing or Sheets or Drawing or ADDroval by SDecification Pages Specification Municipality Conceptual Site Plan 1 March, 2011 Owner August 9, 2013 (Drawing No. L3

12 SCHEDULE C 1 Conditions 1 The owner acknowledges and agrees that the removal of the kitchen and stove service connections is required as part of the conversion of the existing second dwelling to an agricultural storage building. 2 The owner agrees to permit Township employees to inspect the converted agricultural storage building every two (2 years to ensure that the structure is not being used for any other purpose other than agricultural storage. 3 The owner acknowledges and agrees that no Building Permits shall be issued for the new agricultural storage building until it has been confirmed that the conversion of the existing second dwelling has been completed.

13 CI1DUL 0 Estimated Cost of the Faculties DESCRIPTION Nil AMOUNT

14 SCHEDULE E (Special Conditions Regarding Maintenance The owner acknowledges and agrees to employ lndscaping practices that focus on native species of a non-invasive nature while reducing or eliminating the use of fertilizers and pesticides.