reid.pearce@gryphonhouse.ca C: 604 754 2694 2 Important - PowerPoint PPT Presentation

Contact Reid for more information: reid.pearce@gryphonhouse.ca C: 604 754 2694

2 Important Information This communication is for information purposes only and is not, and under no circumstances is to be construed as, an invitation to make an investment in Redbricks MIC ( “the MIC”). Investing in preferred shares of the MIC involves significant risks. There is currently no secondary market through which the preferred shares may be sold and there can be no assurance that any such market will develop. A return on an investment in preferred shares of the MIC is not comparable to the return on an investment in a fixed-income security. The recovery of an initial investment is at risk, and the anticipated return on such an investment is based on many performance assumptions. Although the MIC intends to make regular distributions of its available cash to Shareholders, such distributions may be reduced or suspended. The actual amount distributed will depend on numerous factors, including the MIC’s financial performance, debt covenants and obligations, interest rates, and the performance of developments to which mortgage loans are made. In addition, the value of the preferred shares may decline if the MIC is unable to meet its cash distribution targets in the future, and that decline may be material. It is important for an investor to consider the particular risk factors that may affect the industry in which it is investing and therefore the stability of the distributions that it receives. There can be no assurance that income tax laws and the treatment of mutual fund trusts will not be changed in a manner which adversely affects the MIC. PAST PERFORMANCE MAY NOT BE REPEATED. Investing in preferred shares of the MIC can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of performance. An investment in a MIC is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors. Only investors who do not require immediate liquidity of their investment should consider a potential purchase of preferred shares. The risks involved in this type of investment may be greater than those normally associated with other types of investments. Please refer to the Redbricks MIC Offering Memorandum for a further discussion of the risks of investing in the MIC. MIC preferred shares are not “deposits” within the meaning of the Canadian Deposit Insurance Corporation Act (Canada) and are not insured under the provisions of that act or any other legislation. This communication contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “proposes”, “expects”, “estimates”, “intends”, “anticipates” or “believes”, or variations (including negative and grammatical variations) of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the MIC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results, performance and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this communication. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to: the continued ability to raise capital, the ability of the MIC to make loans secured by mortgages capable of generating the necessary income to enable the MIC to achieve its investment objectives, the maintenance of prevailing interest rates at favourable levels, the ability of borrowers to service their obligations under the Loans, the ability of the Manager to effectively perform its obligations to the MIC, anticipated costs and expenses, competition, changes in general economic conditions and changes in tax laws. While the MIC anticipates that subsequent events and developments may cause its views to change, the MIC specifically disclaims any obligation to update these forward-looking statements, except as required by applicable law. These forward-looking statements should not be relied upon as representing the MIC’s views as of any date subsequent to the date of this communication. Although the MIC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results, performance and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The factors identified above are not intended to represent a complete list of the factors that could affect the MIC. Additional factors are noted in under Item 8 “Risk Factors” in the MIC’s offering memorandum.

3 Redbricks MIC – Introduction Redbricks MIC is a portfolio of mortgage loans managed by Gryphon House of Finance, part of the MOSAIC family. Redbricks was originally conceived to provide MOSAIC employees, trades, suppliers, and consultants the opportunity to invest in the projects that they work on every day. Redbricks MIC only invests in loans to development projects by MOSAIC Homes; an established local residential real estate developer with a 15 year history building communities throughout Metro Vancouver. Project: Westwood Location: Coquitlam, B.C Term: Sept 2010 - April 2011 Size: $2.5 million Comprehensive due diligence, aligned incentives, and an experienced developer.

4 Redbricks MIC – What is it? What is a MIC? Mortgage Investment Corporations (MIC) have a mandate to invest in residential mortgage loans and if all profit is paid out to shareholders via dividends, MICs don’t pay corporate tax. What is Redbricks? Redbricks is a MIC that only invests in loans to MOSAIC development projects. The loans fund land acquisition and construction in either a 1 st or subordinate position. Each loan pays interest and fees to Redbricks which, in turn, is paid out to investors. What am I buying? Preferred shares in a portfolio of mortgage loans. Redbricks’ portfolio holds 7-12 mortgage loans secured by MOSAIC development projects across Metro Vancouver. You hold a share of that portfolio alongside all other Redbricks investors. Only MOSAIC? This ensures all loans in the portfolio are made to projects managed and executed by a tier 1 developer with thorough knowledge of the underlying asset. It eliminates the risk of lending to a less rigorous borrower who is less likely to deliver. It also creates a strong alignment between borrower and lender incentives because everyone has skin in the game. Shares in a pool of mortgage loans to projects by a tier 1 developer.

5 Redbricks MIC – Fund Facts  Over 30 million preferred shares currently outstanding.  Redbricks portfolio typically holds 7-12 mortgage loans in a mix of 1 st and 2 nd position. Redbricks has a mortgage on title for each loan.  Redbricks has made 40 loans totaling over $85 million over the past 8 years.  ~9% of shares are owned by people at MOSAIC, ~25% by trades, consultants, suppliers and ~58% by our friends and family. Product Type Loan Type Project Location 4% 8% 20% 23% 12% 27% 5% 9% 17% 69% 80% 26% Construction Land Apartment Condominium Townhomes Tsawwassen Port Coquitlam Coquitlam Surrey Abbotsford Port Moody Burnaby Invest in loans to MOSAIC projects alongside the people who envision, design, build, and sell them.

6 Redbricks MIC – The Opportunity MOSAIC Family: No need to compete for loans or settle for a less capable developer. Redbricks also benefits from MOSAIC’s in-market activities and research. Diversification: Redbricks has low correlation and volatility relative to traditional public market investments making it a useful portfolio diversification tool. Preservation: Loans are underwritten up to a maximum 83% LTV meaning a project’s value can decline 17% before Redbricks principal is at risk. MOSAIC will lose all expected profit and equity in a project before Redbricks investors. Consistent: All profit is paid out annually and there’s a direct connection between Redbricks’ profit and your dividend. Simply put: your investment earns you interest every day. Project: Knoll Location: Surrey, B.C Term: Sept 2009 – July 2010 Size: $1.7 million Consistent, diversified, and prudent investment.