RE: 2019 Membership applications and notice of annual stock holders meeting.

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January 14, 2019 RE: 2019 Membership applications and notice of annual stock holders meeting. Dear Cannon Golf Club members: On behalf of the board of directors, it is the time to start planning for the 2019 golf season. Enclosed you will find membership information and rates for the 2019 season. Brett Fisher and Jeff Backstrom will be back for the 2019 season. Brett has hired Todd Ihrke as the new restaurant manager. We expect this change will make a great improvement to the food and beverage experience at our club. We anticipate this will create more member support of our bar and restaurant. We need this support to help maintain pricing in other areas at our golf club and continue to offer the quality that we all expect and enjoy. The annual stock holders meeting is set for Saturday March 23rd at the Clubhouse with social hour and registration at 6:00 pm followed by the meeting at 7:00 pm. This meeting is open to all current members with at least 2 shares of stock. Additional information about the annual meeting will be sent in a separate mailing. Take note of the discount for memberships if paid by March 15th 2019. Randy Nicolai, President On behalf of the board of directors: Aaron Gilbertson, Bryan Meyer, Joel McGeough, Barb Peters, Paul Althoff, Larry Hoffman, Dave Ehrhardt, and Tom Neumann

2019 Membership Rates 15-day advance tee-time reservations All memberships are Non-Contingent (Non-Refundable) and Non-Transferrable. If Paid by March 15, 2019 w/tax If Paid After March 15, 2019 w/tax Single Membership............................. 946.00...1013.41 995.00..1,065.90 Married Couple Membership...................... 1,323.00..1,417.27 1,392.00...1,491.18 Weekday Single................................. 710.00...760.59 747.00...800.23 Weekday Married Couple.......................... 992.00..1,062.68 1044.00.. 1,118.39 Weekday memberships are available to those any age and include playing privileges Monday-Friday anytime. Dependent Children.............................. 100.00...107.13 100.00... 107.13 Dependent children include all children through the summer of their graduation year whose parent(s) are current members. Dependent College Student....................... 285.00...305.31 300.00... 321.38 College student membership is for full-time dependent college students whose parents are current members. High School Student............................. 100.00...107.13 100.00... 107.13 Available to students through the summer of their graduation year. Includes playing privileges any time Monday - Thursday, Fridays before 12 noon and weekends after 12 noon. Gold Single Membership................. 779.00...834.51 819.00... 877.36 Gold Married Membership............... 1,084.00..1,161.24 Gold memberships are available to those between the ages of 30-35 and include unlimited golf privileges and 15-day advance reservations. Limited availability. 1,142.00 1,223.37 Silver Single Membership................ 614.00...657.75 646.00...692.03 Silver Married Couple Membership........ 857.00...918.06 902.00...966.27 Silver membership rates are now available for individuals or couples from 19-29 years of age. Silver members have unlimited golf privileges and 15-day advance reservations. Limited availability. Social Membership........................................ 90.00...96.42 w/tax Recommended for members who would like to maintain their active membership status. Stock Purchase Plan To purchase stock you must have maintained active membership for three consecutive years. Two shares are required for voting rights. Current Stock Purchase (no sales tax on stock purchase)...400/per share Current Buy-Back Price...50/share Cannon Golf Club, Inc. 507-263-3126 8606 295th Street East, Cannon Falls, MN 55009 bfisher@cannongolfclub.com ~Over~

Additional Services STORAGE & WHEELAGE, (Must be paid by March 15, 2019) w/tax Large Private Shed (base)........................................635.00... N/A Large Private Shed, 2 owners......................................953.00... N/A Large Private Shed, Electric.......................................780.00... N/A Large Private Shed, Electric, 2 owners............................ 1,169.00... N/A Small Private Shed...............................................541.00... N/A Small Private Shed, 2 owners......................................810.00... N/A Small Private Shed, Electric.......................................686.00... N/A Small Private Shed, Electric, 2 owners............................ 1,028.00... N/A Group Private Shed..............................................477.00... N/A Group Private Shed, 2 owners.....................................715.00... N/A Group Private Shed, Electric.......................................623.00... N/A Group Private Shed, Electric, 2 owners..............................934.00... N/A Season Trail Fee, off-site (per cart).................................268.00...287.10 Season Wheelage, off-site, 2 owners................................518.00...554.91 GOLF CAR LEASE Regular Lease, two seats........................................ 905.00...969.48 Weekday Lease, two seats........................................635.00...680.25 Regular Lease, single seat........................................472.00...505.63 Weekday Lease, single seat...................................... 348.00...372.80 **All lease holders must pair together and any passengers must pay rental fees. The golf car lease program is available to all adult members. The lease allows for 36 holes per day. Weekday cart lease is available to those who have purchased a current weekday or weekday couple membership. Weekday cart lease allows use Monday - Friday anytime. Children are not allowed to operate golf cars under the lease program. RANGE PASS 25 Small Buckets................................................75.00...80.34 Junior Unlimited.................................................130.00...139.26 Single Unlimited.................................................285.00...305.31 Family Unlimited.................................................360.00...385.65 Must have a current playing membership to join Men s Club 2019 Men s Club Full Membership 80.00 (95 [101.77 w/tax] after March 15, 2019)...85.70 Super Senior Men s Club Membership (over 68 years)..................60.00...64.28 Men s Club Social Membership.....................................60.00...64.28 (Includes Spring and Fall Stag party and handicap privileges; no Men s Club tournament play) 2019 Men's League (12:00 Noon and 2:00 p.m.).......................45.00... N/A 2019 Men's League (5:00 p.m.).....................................40.00... N/A (Includes Spring and Fall Stag party, tournament privileges and handicap card) Men s USGA Handicap Card........................................39.00...41.78 Women s USGA Handicap Card.....................................39.00...41.78 Junior USGA Handicap Card........................................25.00...26.78 Cannon Golf Club, Inc. 8606 295th Street East, Cannon Falls, MN 55009 507-263-3126 email: bfisher@cannongolfclub.com VISIT OUR WEBSITE ~ WWW.CANNONGOLFCLUB.COM

CANNON GOLF CLUB - 2019 CALENDAR OF EVENTS April 2019 Saturday, April 13 st Member s Memorial ABC Scramble - Tee Times 11am Saturday, April 27 th Men s Clubs Spring Opener 12 Shotgun May 2019 Wednesday, May 1st Men s League Begins (12:00, 2:00 and 5:00) Sunday May 5 th FREE Junior Clinic (Driving Range) Mon/Tues May 6 th /7th Aerify Greens (Tentative) Wednesday May 15 th Demo Day 1pm-5pm Sunday May 19 th FREE Junior Clinic (Putting Green) Thursday May 23 rd Boys & Girls HS Conference Championships Friday, May 24 th Cannonball 2 Person Scramble - Tee Times 11am Tues/Thurs May 28 th &30th 1AA Boys & Girls HS Sectional Tournament June 2019 Saturday, June 1 st Member s Point Tourney - Tee Times 11am Friday June 7 th Fluor United Way Fundraiser 12 Shotgun Monday, June 10 th Randolph Rockets Booster event - 1pm Shotgun Thursday, June 13 th Junior Golf Begins June 13,20,27, July 11,18,25 Thursday, June 13 th MN Blue Flame Golf Outing 12:30 Shotgun Saturday June 15 th Archie Swenson 6 Shooter Tee Times 11am Tuesday, June 18 th FREE Ladies Clinic (Driving Range 5:00) Wednesday June 19 th Men s Guest Day 1pm Shotgun Thursday June 20 th Unified Legacy Golf League 12:30 Shotgun Tuesday June 25 th FREE Ladies Clinic (Putting Green 5:00) Saturday June 29 th Couples Clinic & July 2019 Sat/Sun July 13 th &14 th Men s and Women s Invitational Monday, July 15 th First Farmers and Merchants / TBD Saturday, July 20 th Couples Clinic & Tuesday, July 23 rd Ladies Guest Day - 1:00 Modified Shotgun Thursday, July 25 th CMT Golf Outing 12 Shotgun Saturday, July 27 th Senior Club Championship August 2019 Thursday, August 8 th Senior Scramble Sat/Sun August 10 th &11 th Men s and Women s Club Championship Thursday, August 15 th Cannon Falls HS Golf Fundraiser 1pm Shotgun Saturday, August 17 th 14 th Annual Cannon Cup Mon/Tues Aug. 19 th &20 th MGA Women s Senior Amateur Championship September 2019 Saturday, September 7 th Cannonball 2 Person Scramble 11am Tee Times Saturday, September 21 st Tournament of Champions - 10am Tee Times Saturday, September 28 th Men s Club Final and Social 12 Shotgun October 2019 Wednesday, October 2 nd Men s 2 club Tee Times Saturday, October 6 th 9-9-9 Tournament All dates and times are tentative and could possibly change

Name: Spouse: CANNON GOLF CLUB 2019 MEMBERSHIP APPLICATION NOTE: a COMPLETED membership application is REQUIRED for our records Date of Birth (DOB) required w/ new memberships DOB: DOB: List Children for Junior Golf Purpose also indicate if they will have dependent membership Name: h/cap Y N HS /COLLEGE DOB: Email Address: Street Address: City: State: Zip Code: Phone: Business: Cell: Circle (or highlight) Membership Type: Single Silver Single (19-29) Married Couple Silver Couple (19-29) Weekday single High School Member Weekday married couple Dependent College Student Gold Single (30-35) Gold Couple (30-35) Number of Dependents: :::::::::::::::: COLLEGE * circle (or highlight) if applies (if 2 owners list other party) Lg private cart storage: gas electric 2 owners Sm private cart storage: gas electric 2 owners Group storage: gas electric 2 owners Offsite private cart trail fee single 2 owners Full Mens Club (includes handicap card) Regular super senior Social * USGA handicap card (included w/ Mens club) Mens Ladies Junior * Mens League 12:00 noon 2:00 p.m. 5:00 p.m. * Range Pass F/unlimited S/unlimited Jr/unlimited 25 sm bucket * Full Cart Lease (2 seat) Regular Weekday * Half Cart Lease (1 seat) Regular Weekday * Stock Purchase No. shares * Master Visa Card Credit card No. PRINT NAME Discover * * Sales Tax Rate 7.125% *Sales Tax* * = taxable entry Exp. TOTAL SIGNATURE ALL MEMBERSHIPS ARE NON-CONTINGENT (NON-REFUNDABLE) AND NON-TRANSFERRABLE Return form to: Cannon Golf Club, 8606 295th St. E., Cannon Falls, MN. 55009