2016 MEMBERSHIP INFORMATION

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1 2016 MEMBERSHIP INFORMATION golf is a game for life

2 INTRODUCTION Thank you for your interest in joining the Highwood Golf & Country Club. We are proud to offer an outstanding golf experience in a tranquil, beautiful, and friendly environment. We invite you to consider the benefits provided in becoming a Member at our Club. We are currently offering Equity Memberships at a truly affordable price creating exceptional value you will not find elsewhere. Compared to other facilities in the region, the Highwood is definitely the gem of the Foothills. We currently offer 22 holes of championship golf, grass tee driving range, expansive short game area, outdoor wedding and recreation greenspace and much more. Construction on an additional six golf holes is completed with a projected opening date of August 1, This will provide the Highwood with the ultimate in flexibility and variety. The six hole loop will offer a wide range in tee distances from very short to near championship length. There will also be the ability to host 27 hole major events as well as 6 hole corporate, fun-focused tournaments. We are proud to have a very walkable, fast paced layout as well as the ability to allow privately owned golf carts on our facility. Our equity shares are 100% owned by the Member and offer the opportunity to be a part of a bright future. Seasonal Flex Pass options are also available for 2016 season. We are focused on growing our facility through community, family and golf. Golf is a game for life and Highwood is a great place to enjoy it! We look forward to hosting you in the future. For further information, to set up an appointment to tour our facility, or to book a round of golf at the Highwood please contact; Graeme Kreiner General Manager graeme@highwoodgolf.com ext. 224 Dan Warwaruk Head Golf Professional dan@highwoodgolf.com ext

3 HIGHWOOD HISTORY The Highwood Golf & Country Club is currently a Semi-Private 22-Hole facility rich with history. Golf in High River dates back to 1919 with the official formation of the Highwood G&CC coming in Then and now, the Highwood thrives on a strong Membership and sense of community. Located just 30 minutes from South Calgary, the Highwood has become a popular choice for Calgary residents, as well as residents of High River and surrounding areas, looking for a great golf atmosphere in a quiet community. The beautiful layout meanders along the Highwood River, throughout massive cottonwoods and evergreens and finishes at the modern 10,000 square foot clubhouse constructed in Known for being a challenging golf course, the Highwood is popular among walking golfers and provides a tranquil setting for golf. The facility is capped off with a new grass tee driving range, putting green and short game area. The Staff at the Highwood are passionate professionals providing exceptional service. The lounge, known as The Foxes Den, seats over 150 patrons boasting the best dining experience in High River. The Wellman Room designed for tournaments, weddings, parties and other events comfortably seats 200 people plus a deck overlooking two of our great finishing holes

4 BECOMING A SHAREHOLDER There are currently 929 Equity Shares owned in the Highwood G&CC. Not all Shareholders are golfing Members at the Club. Shareholders are required to pay a Capital Entrance Fee in order to have Member playing privileges. Equity Share / Membership Details Shares are 100% equity and owned by the Shareholder. Upon resale, the Highwood does not retain any portion of the Share value. Market Value is currently $1,000 $1,250. Current Capital Entrance fee is set at $3,500 $875 (until July 15, 2016) Please contact Administration to inquire about current Membership promotions. Spouses, partners and children can play on one share. Full unlimited playing privileges are only available to Shareholders. Active Playing Members also receive discounted annual services such as cart lease, locker rentals etc. There is no annual forced commitment to pay golf dues. A Share may sit inactive for an indefinite period of time but may be subject to a reactivation fee. Seasonal Flex Passes There are a few options available to golfers wanting to be a part of the Highwood without becoming a Shareholding Member. Page six of this booklet details the different options for Passes and Membership. Our new Seasonal Flex 10/15/20/25/45 are great ways to play a substantial amount of golf and get to know our Club and enjoy the great game of golf. Golfers receive advance bookings, driving range pass, access to leagues and other services. Additionally we offer great Junior and Intermediate Memberships to those under the age of

5 MEMBERSHIP DUES & FEES Equity Shareholder Memberships Unrestricted $2,500 Weekday (Monday-Friday) $2,150 Intermediate Aged (unrestricted) $2,000 Annual Service Options for Equity Shareholder Members Clubhouse Food & Beverage minimum $350 Annual Golf Cart Lease (per person) $700 Private Cart Trail Fee $350 Private Cart Storage $350 Private Cart Storage & Trail Fee $650 Club Storage $100 Locker Rental $75 Pull Cart Storage $75 Preferred Guest Green Fees $10 off posted rate Capital Entrance Fee (one-time) $3,500 $875 (until July 15, 2016) Reactivation Fee (waived until Oct. 31, 2016) $500 Please contact Administration to inquire about current Membership promotions. Fees DO NOT include GST and monthly payment options available for Full & Weekday dues. All dues and fees payable February 28th of the current year

6 BENEFITS OF MEMBERSHIP 10 Day Advance Tee Time Booking Pro Shop Discounts & Custom Club Fitting Member-Guest Voucher Program (certain restrictions apply); Unrestricted Members receive four (4) rounds at $20 off posted rate Restricted Members receive three (3) rounds at $20 off posted rate Intermediate Members (25-39) receive two (2) rounds at $20 off posted rate Preferred Member Guest Green Fee Rates $10 off posted rate Unlimited Practice Range and Short Game Area use Voting Rights & Board of Director eligibility Reduced annual service fees for; private cart trail fees & storage, golf cart lease, locker and club storage Organized League Play and Club Tournaments Golf Canada Handicap Card & System Access Opportunities to play other premier golf courses through interclub, CHAMPS and other programs Golf and social events designed to promote camaraderie and fun within the Club Reciprocal charging privileges at participating Member Clubs in Alberta Playing privileges on Spitzee Six executive course upon opening Complimentary Riksha pull carts Locker room use Bag drop services Other Services Available: Club Car Precedent Electric Cart Rentals (65) Golf Cart Storage (Gas & Electric) Club Storage Locker Private Golf Cart Trail Access

7 SEASONAL FLEX PASSES Seasonal Flex Passes (available to Shareholders & Non-Shareholders) Flex 10 $825 Flex 15 $975 Flex 20 $1,250 Flex 25 $1,500 Flex 45 $2,150 Benefits of Flex Passes 6 Days Advance Tee Time Booking 10, 15, 20, 25 or 45 Unrestricted Golf Rounds for 2016 Season Practice Range & Short Game Area Season Pass Organized League Play and Club Tournaments Golf Canada Handicap Card & System Access Rounds are non-transferrable 18-Hole & 9-Hole rounds are considered as one Flex round used All Flex rounds are ONLY valid for current golf season Purchase of Flex Round pass maintains an active status for Equity Shareholders Other Seasonal Passes Intermediate years $799 Junior < 18 years $299 Annual Service options for Seasonal Flex Pass Holders Annual Golf Cart Lease (per seat) $800 Private Cart Trail Fee $450 Private Cart Storage $450 Private Cart Storage & Trail Fee $800 Club Storage $150 Locker Rental or Pull Cart Storage $

8 SEASONAL FLEX PASSES Twilight Seasonal Flex Passes (available to Shareholders & Non- Shareholders) Flex 10 $525 Flex 15 $625 Flex 20 $775 Benefits of Flex Passes 5 Days Advance Tee Time Bookings 10, 15, 20 Twilight Flex rounds can be redeemed after 2pm daily and are subject to availability Rounds are non-transferrable 9-Hole rounds are considered as one Flex round used All Flex rounds are ONLY valid for current golf season Purchase of Twilight Seasonal Flex Pass does not maintain an active status for Equity Shareholders Annual Service Options for Twilight Seasonal Flex Pass Holders Annual Golf Cart Lease (per seat) $800 Private Cart Trail Fee $450 Private Cart Storage $450 Private Cart Storage & Trail Fee $800 Club Storage $150 Locker Rental or Pull Cart Storage $125 Fees DO NOT include GST

9 MEMBERSHIP FAQ S Q: Has the course fully reopened since the flood? We have 22 holes fully operational and plan on opening another 6 in We opened a new grass tee range and short game area in 2014 as well as a new outdoor wedding area/green space. Q: Is there a Pro Shop minimum for Members? No there is not. Q: Can I keep my Share active to avoid a reactivation fee without purchasing full dues? Yes, Seasonal Flex Pass purchases, excluding Twilight Seasonal Flex, will keep your share active for that year. Q: Is there a discount for spousal dues or cart leases? Currently there is no discount for spouses or partners for annual dues or cart leases. Q: Are there any plans for major expansion in the future? If so, are Members assessed for capital projects? Members are not assessed for capital projects as outlined in our Articles of Association. All projects are funded by profits from operations or debt as approved by the Shareholders. Q: How old does my child have to be to be able to hold a Junior Membership? Currently the standard age is 13. However if a juvenile has taken lessons on etiquette and the game of golf and has a proven ability to play the game, special exceptions can be made. Q: Is there a Trial or Associate Membership available? We have great options with our Flex Passes to enable those unsure about purchasing a full Equity Shareholder Membership. Up to 45 rounds with great benefits are available. Q: Does the Club host a lot of corporate or outside tournament and events? Being a semi-private facility, the Highwood does host corporate events. There are approx. 4 days per season that the golf course is unavailable to playing Members. Q: Do you have to be a Member or Seasonal Pass Holder to join a golf league? We have great Annual League Membership options available for each League. This includes weekly golf and league fees for the season. Ask the Pro Shop for more details. Q: Are ten packs of golf available for purchase in 2016? Flex Passes are replacing 10 packs of golf in All previously purchased 10 packs will be honoured in

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