Infinity Stone Ventures Corp. — Fund Information / Factsheet 2020

Nov 24, 2020

Acres Owned: 37,004

AVENUE LIVING

Assets Under Management: $59 million

FACT SHEET: CLASS A – ICC500A

Target Raise: $30 million

Avenue Living Agricultural Land Trust (the “Trust”) provides investor exposure to agricultural land in western Canada without operational exposure and seeks to achieve returns through rental revenue, capital appreciation and land improvement. The Trust business model involves investing in farmland and leasing it to farm operators for cash rent. The Trust invests in agricultural land primarily in the prairie province of Saskatchewan with a target equity raise of $30 million for 2020/21.

INVESTMENT STRATEGY See disclaimer

The Trust has successfully generated returns of 42% since inception (12% per annum average) due to the following pillars of its investment strategy:

Stable Capital Appreciation.

Canadian farmland has appreciated 8.15% from 2008 to 2018. Saskatchewan farmland has appreciated at 12.12% per annum over same period. The trailing 3 years have seen appreciation of 7.93% per annum[(2)] . Despite of the growth curve, Saskatchewan farmland remains the most affordable in the country while offering similar soil quality to the rest of the prairies.

Leverage.

Given the strength of the Avenue Living platform and the resulting access to debt, the Trust strategically maximizes the ratio of investor dollars to farmland acres. In part, this has resulted in the Trust outperforming base land value appreciation during the last three years. Current debt to value is less than 65%.

Active Improvements to the Asset Base.

To optimize revenue and value, the Trust works with tenants to identify projects that increase farmable acres and improve operational efficiencies. The effort of converting waste acres to cultivated acres is rewarded in revenue and value increases.

Ancillary Revenue.

The Trust continuously seeks additional revenue generating opportunities such as oil and gas surface lease revenue, alternative energy projects and gravel sales.

PRICE PER ACRE BY PROVINCE[(1)]

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----- Start of picture text ----- PROVINCE ALBERTA SASKATCHEWAN MANITOBAAverage Price$4,073 $1,943 $3,465per Acre----- End of picture text -----

Approval to Own Farmland.

Saskatchewan still commands the lowest price per acre of farmland in Canada primarily due to restrictions placed on farmland ownership by the Saskatchewan Farm Land Securities Board[(3)] . The Trust has obtained formal exemption from these restrictions and is permitted to raise up to $50 million in equity to acquire agricultural acreage.

ACRES UNDER MANAGEMENT

ARABLE SASKATCHEWAN

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4,000 Acres2,000-3,999 Acres1,000-2,000 Acres500-900 Acres> 500 AcresAssets Under Management Assets Under Contract Deals in Pipeline----- End of picture text -----

LEIF SNETHUN EMILY NEWMAN CHIEF EXECUTIVE OFFICER VP BUSINESS DEVELOPMENT E: Isnethun@avenueliving.ca E: enewman@avenueliving.ca

TRUST GROWTH FROM INCEPTION

The Trust aims to achieve an average annual return of 12%. The table below shows the growth in NAV including the yearover-year returns. The maturity of the Trust is December 31, 2023.

CLASS A – As of December 31, for Each Year

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----- Start of picture text ----- YEAR END 2016 2017 2018 2019 2020 Q3 [(4)]NAV $9.50 $10.10 $11.60 $12.95 $13.47Returns N/A 6.3% 14.9% 11.6% 4.0%----- End of picture text -----

Past performance is not indicative of future performance and returns cannot be guaranteed. Returns presented are net of fees.

NAV GROWTH CLASS A TRUST UNIT

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----- Start of picture text ----- $14.00 $13.47$13.00 $12.95$12.00 $11.60$11.00$10.10$10.00 $9.50$9.00$8.00$7.002016 2017 2018 2019 2020Year End Year End Year End Year End Q3----- End of picture text -----

2017 - Inaugural year of operations

2018 - Established and executing on business plan

2019 - Acquisition of additional farmland and management of assets 2020 - Continued growth through COVID-19

TRUST SUMMARY

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----- Start of picture text ----- AGRICULTURAL LAND TRUST: CLASS A – ICC500A As of September 30, 2020Product Type Open-end Mutual Fund Trust – Sunset Date Dec 31, 2023Prospectus Exemptions Offering Memorandum (all provinces except Quebec) and Accredited (all provinces)Maximum Offering $30 millionInception Date December 2, 2016Maturity Date December 31, 2023 (Manager option to extend 1 year)Fund AUM $59 millionCurrent NAV $13.47 (Calculated quarterly)Sponsor Investment $10 million commitment from founders and their family, friends and business associatesMinimum Investment $100,000Closing Dates Second Thursday of each monthTarget Net Return 12% targeted return per annumWaterfall Return of capital • 8% Preferred Return to LP • Remainder split between LP and GPManagement Fees 1.0%Acquisition Fees 2.5%ITD MER 1.99%Investor Restrictions Subscribers must be Canadian citizens or permanent residents of Canada----- End of picture text -----

DISCLAIMER

This Fact Sheet is intended for informational purposes only and does not constitute an offer to sell or a solicitation to buy securities. No securities regulatory authority or regulator has assessed the merits of the information herein or reviewed this Fact Sheet. The information contained in this Fact Sheet is summary in nature. The Trust has prepared an offering memorandum dated April 16, 2020 (the “Offering Memorandum”) for delivery to prospective investors that provides more fulsome disclosure about Avenue Living’s business and describes certain terms, conditions and risks of the investment and certain rights that you may have. The Offering Memorandum is available on SEDAR. Prospective investors should review the Offering Memorandum with their professional advisers before making any investment decision. The Offering Memorandum and any approved marketing materials are intended for delivery only to, and participation in the investment is restricted to, investors to whom certain prospectus exemptions apply. Please see the Offering Memorandum for a complete listing and description of the risks associated with an investment in the Trust.

NOTES & SOURCES

(1) Source: FCC Farmland Values Report (2019) https://www.fcc-fac.ca/fcc/resources/2019-farmland-values-report-e.pdf (2) Source: Statscan value per acre of farmland

(3) Source: https://theconversation.com/canadas-farmland-is-a-wise-investment-during-and-after-the-coronavirus-138878 (4) Note: Quarterly NAV Calculations began in Q2 2020, prior to this NAV was calculated annually

LEIF SNETHUN CHIEF EXECUTIVE OFFICER E: Isnethun@avenueliving.ca

EMILY NEWMAN VP BUSINESS DEVELOPMENT

E: enewman@avenueliving.ca