Terms of Use

1. Use of the Website

This website located at www.interrentagm2025.com and its subpages, and its applications and tools, including, without limitation its content and materials, (all of the foregoing collectively, the “Website”), is provided by and operated on behalf of InterRent Real Estate Investment Trust (“Site Owner” or “InterRent”) in conjunction with third parties. Your use of the Website is subject to these Website Terms of Use and (the “Terms”) as well as all applicable laws.

YOUR ACCESS OR USE OF THE WEBSITE INDICATES YOUR (I) ACCEPTANCE OF THE TERMS, AND (II) ACKNOWLEDGEMENT THAT THE INFORMATION YOU PROVIDE EITHER DIRECTLY OR INDIRECTLY THROUGH THE WEBSITE WILL BE MANAGED IN ACCORDANCE WITH THE PRIVACY POLICY LOCATED AT [link to privacy policy] (the “Privacy Policy”). Each time you access or use the Website, you accept these Terms and any additional terms that will apply to you. If you do not agree with any of the Terms, do not use the Website.

The Website is considered a general audience site and is not intended to be used by children to access the Website. If you are under 18, you may use the Website only with the involvement of a parent or legal guardian.

Your use of the Website constitutes your agreement and consent that we may communicate with you electronically for all purposes, which includes all legal and notice requirements. Such electronic communications may take the form of postings to the Website or e-mails to the e-mail address you provide when you register on the Website. You may withdraw your consent to receive electronic communication at any time.

You must ensure that your access to the Website is legal in each jurisdiction in or through which you access, view or otherwise use the Website or Materials.

2. Definitions

The following terms have the definitions set forth below:

“Material” means all text, graphical, audio, video, software, information, data, and other content available, displayed, or accessible on or through the Website.

“Site Owner” has the meaning set forth in the first paragraph of this Website Terms of Use.

“Site Owner Parties” means Site Owner and its affiliates, licensors, vendors, and any other party involved in the creation, operation, production or transmission of this Web Site and their respective officers, directors, employees, representatives, and agents, successors, and assigns.

“Terms” has the meaning set forth in the first paragraph of this Website Terms of Use.

3. Caution about Forward-Looking Statements

The data, information and opinions contained or referenced herein (collectively, the “Information”) is for general informational purposes only and is not tailored to specific investment objectives, the financial situation, suitability, or particular need of any specific reader or recipient of the Information, and should not be taken as advice in considering the merits of any investment decision. The views expressed in the Information represent the views and opinions of InterRent, whose opinion may change at any time and which are based on analyses of InterRent, as informed by publicly available information including public disclosure and filings made by InterRent or other issuers that InterRent considers comparable, and other third party reports. Unless expressly stated otherwise, any opinion expressed herein are opinions of InterRent held as of the date appearing in the Information. InterRent disclaims any obligation to update the Information contained herein, except as required by law. Unless otherwise indicated, financial information and data used herein have been derived or obtained from publicly available information with respect to and/or public disclosure and filings made by InterRent or other issuers, and from other third party reports.

Forward Looking Statements

The Website contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements generally include, but are not limited to, statements with respect to management’s beliefs, plans, estimates and intentions, and similar statements concerning the Arrangement, the ability to complete the  Arrangement and the other transactions contemplated by the Arrangement Agreement and the timing thereof, including the parties’ ability to satisfy the conditions to the consummation of the Arrangement, the timing of the shareholders’ meeting in connection with the Arrangement (the “Meeting”), the hearing date of the application for the final order of the court, the receipt of the required unitholder approvals, regulatory approvals, consents and approvals of the Canada Mortgage and Housing Corporation (“CMHC”) and certain existing lenders and court approval and other customary closing conditions, the possibility of any termination of the Arrangement Agreement in accordance with its terms, and the expected benefits to InterRent and its unitholders and other stakeholders of the Arrangement, and other statements that are not historical facts. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or 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 are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of InterRent to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the Arrangement and the terms thereof; the place and time of the Meeting; and regulatory, court, unitholder, CMHC and lender approvals; the possibility that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated, or that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required regulatory, CMHC and certain existing lenders consent, unitholder and court approvals and other conditions to the closing of the Arrangement or for other reasons; the negative impact that the failure to complete the Arrangement for any reason could have on the price of InterRent’s securities or on its business; the failure of Carriage Hill Properties Acquisition Corp. to pay the consideration at closing of the Arrangement; the failure to realize the expected benefits of the Arrangement; the restrictions imposed on InterRent while the Arrangement is pending; the business of InterRent may experience significant disruptions, including loss of clients or employees due to Arrangement-related uncertainty, industry conditions or other factors; risks relating to employee retention; the risk of regulatory changes that may materially impact the business or the operations of InterRent; the risk that legal proceedings may be instituted against InterRent; significant Arrangement costs or unknown liabilities; and risks related to the diversion of management’s attention from InterRent’s ongoing business operations while the Arrangement is pending; and other risks and uncertainties affecting InterRent. For more information on the risks and uncertainties affecting InterRent, please refer to the “Forward-Looking Statements” section of InterRent’s Management’s Discussion and Analysis for the year ended December 31, 2024, and Annual Information Form for the financial year ended December 31, 2024 (the “AIF”), the “Cautionary Statement Regarding Forward-Looking Information” section of the management information circular dated July 24, 2025 in connection with the Arrangement (the “Circular”), as well as the “Risk Factors” section of the AIF and the Circular.

Although the forward-looking information contained herein is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. InterRent has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, however, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. InterRent does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Third Party Information

InterRent has not sought or obtained consent from any third party for the use herein of previously published information. Any such information should not be viewed as indicating the support of such third party for the views expressed herein.

Although certain of the Information contained herein has been obtained or derived from sources believed to be reliable, InterRent does not guarantee the accuracy, completeness or fairness of such Information. InterRent has relied upon and assumed, without independent verification, the accuracy and completeness of all data and information available from public sources. No warranty is made that any of the Information contained herein, whether derived or obtained from public disclosure or filings made with a regulator or from any third party, is accurate. InterRent shall not be responsible for and expressly disclaims any liability for any misinformation contained in any public disclosure, regulatory filing or third party report.

The estimates, projections, and potential impact of the proposals and plans set forth herein (including the Arrangement) are based on assumptions that InterRent believes to be reasonable, but there can be no assurance or guarantee that actual results or performance of InterRent will not differ, and such differences may be material.

Neither the Information nor anything contained or referenced herein is intended to be, nor should it be construed or used as, investment, tax, legal or financial advice, an opinion of the appropriateness of any investment, or an offer (or solicitation of an offer) to buy or sell any security in any jurisdiction in which such an offer (or solicitation of an offer) would be unlawful under the applicable laws of such jurisdiction.

4. Exclusion of Warranties

YOUR USE OF THIS WEBSITE IS AT YOUR OWN RISK. Site Owner makes no representations or warranties regarding the condition of or access, function, and performance of the Website, or the suitability, accuracy, reliability, completeness, currency, quality, timeliness or usefulness of any of the foregoing, or that use of the foregoing will be uninterrupted or error-free.

Site Owner does not represent or warrant that the Website, the Material, or the information or materials, or any other software, accessed from or through the Website, will be uninterrupted or free of errors, defects, viruses, or other harmful components, or that any such problems which are discovered will be corrected. Site Owner is not responsible for any reliance you may place, in whole or in part, on the Website, the Material, and any such use or reliance is at your sole risk. THE WEBSITE, TOOLS, MATERIAL, AND ALL MATERIAL OR INFORMATION ON THIS WEBSITE ARE PROVIDED TO YOU “AS IS” WITHOUT WARRANTIES OF ANY KIND. SITE OWNER DISCLAIMS ALL WARRANTIES OR CONDITIONS, WRITTEN OR ORAL, STATUTORY, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, WARRANTIES, OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR FREEDOM FROM INFRINGEMENT. TO THE FULL EXTENT PERMITTED UNDER LAW, IN NO EVENT SHALL SITE OWNER OR ANY OF ITS AFFILIATES, OR ANY DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES OF ANY OF THE FOREGOING, BE LIABLE FOR ANY DAMAGES OR LOSSES WHATSOEVER RELATING IN ANY WAY TO YOUR USE OF OR RELIANCE ON THIS WEBSITE (OR ANY CONTENT THEREOF OR THEREIN), OR ANY MATERIAL, WHETHER IN CONTRACT, TORT OR OTHERWISE, INCLUDING DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES EVEN IF SITE OWNER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

These exclusions are in addition to any specific exclusion otherwise provided in the Terms. To the extent that the jurisdiction to which you are subject to does not allow exclusion of certain warranties, such exclusions which are not permitted do not apply.

5. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY LAW, SITE OWNER WILL NOT BE LIABLE UNDER ANY THEORY, WHETHER BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, FOR ANY LOSS OR DAMAGE, WHETHER DIRECT, INDIRECT, PUNITIVE, ACTUAL, CONSEQUENTIAL, INCIDENTAL, SPECIAL, EXEMPLARY, OR OTHERWISE (INCLUDING LOST PROFITS), ARISING FROM ANY USE OF, OR INABILITY TO USE, THE WEBSITE OR ANY OTHER WEBSITE, OR THE MATERIAL, INFORMATION, SOFTWARE, FACILITIES, SERVICES OR OTHER CONTENT ON THE WEBSITE OR ANY OTHER WEBSITE, REGARDLESS OF THE BASIS UPON WHICH LIABILITY IS CLAIMED AND EVEN IF ANY RELEASEE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSS OR DAMAGE. WITHOUT LIMITATION, YOU (AND NOT ANY RELEASEE) ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR, OR CORRECTION IN THE EVENT OF ANY SUCH LOSS OR DAMAGE ARISING. TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT SHALL THE LIABILITY OF THE SITE OWNER PARTIES FOR ANY DAMAGES (DIRECT OR OTHERWISE), PENALTIES, OR LOSS ARISING OUT OF OR RELATING TO THE WEBSITE OR ANY OTHER WEBSITE, OR THE MATERIAL, INFORMATION, SOFTWARE, FACILITIES, SERVICES OR OTHER CONTENT ON THE WEBSITE OR ANY OTHER WEBSITE, REGARDLESS OF THE FORM OF ACTION OR CLAIM, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), EXTRA-CONTRACTUAL LIABILITY, DELICT, OR OTHERWISE OF ANY TYPE EXCEED ONE HUNDRED DOLLARS (CAD $100). ANY CLAIM FOR DAMAGES IN EXCESS THEREOF IS HEREBY WAIVED BY YOU.

Without limitation and notwithstanding anything to the contrary, the Site Owner Parties shall not be responsible for and shall not be liable to you or to any third parties for any claims, losses, costs, expenses, damages, lost profits, business interruption, loss of programs or other data on your information handling system, or otherwise arising out of or in connection with:

1. failure to perform, delays, interruptions, communication line or system failures including communication malfunctions that affect the transmission, accuracy or timeliness of information, materials, messages, or instructions between you and the Site Owner, or which prevent information, materials, messages or instructions from being transmitted in whole or in part between you and the Site Owner;
2. your inability to access, at any time, any part of the Website or any Materials provided on it;
3. interception, loss or disclosure of confidential or sensitive information transmitted over the Internet, including personal information;
4. lack of suitability, reliability, timeliness or availability of the Website, Material, or products or services offered on the Website; or
5. the Site Owner's failure to take corrective measures.

Your sole and exclusive remedy is to discontinue using and accessing the Website.

IF APPLICABLE LAW DOES NOT ALLOW ALL OR ANY PART OF THE ABOVE LIMITATION OF LIABILITY TO APPLY TO YOU, THE LIMITATIONS WILL APPLY TO YOU ONLY TO THE EXTENT PERMITTED BY APPLICABLE LAW.

6. Indemnity

You agree to defend, indemnify, and hold harmless the Site Owner Parties, from, and waive and release all Site Owner Parties from all Claims incurred or suffered by any release arising out of or based on any claim or threatened claim based on (a) your use of or access to the Website, or that of or any other person to whom you have provided access to your computer system, (b) your use of the any of the Material, (c) your violation or breach of any of the Terms, including, but not limited to, any unauthorized use of any of the Material, or (d) your violation of any intellectual property rights of any Site Owner Party or any third party.

7. Ownership and Confidentiality

Except as otherwise expressly noted, Site Owner or its providers (as applicable) own all right, title and interest in and to all Material, and the Website (including, but not limited, the selection, arrangement and organization of any part or content of the Website) (collectively, the “Intellectual Property”), and all copyright, trademark, service mark, trade dress, and other intellectual property and proprietary rights, rights of publicity and rights of privacy in or relating to any of the foregoing. Site Owner does not represent or warrant that such materials do not infringe the rights of any other person or entity. Trademarks, logos, and service marks (collectively, "Marks") displayed on the Website are registered or unregistered Marks of Site Owner or its licensors and may not be used without written authorization or license of the owner of such Marks. Without the express written consent of Site Owner in each instance, you may not reproduce, republish, download, upload, post, display, perform, frame, transmit, distributed, modify, or use, in whole or in part, whether in text, graphical, audio, video, executable, or other form except as expressly permitted by these Terms. Any other access to the Website or use of Material is strictly forbidden without the prior written consent of the Site Owner. Any information or material contained on the Website which may be reproduced pursuant to these terms must bear the proprietary rights notices which originally appear on or in conjunction with such information or materials.

8. Risks related to the Internet

Complete confidentiality and security is not possible over the Internet. Use of the Internet and communications over the Internet are subject to possible interception, loss, and alteration. Therefore, you should not communicate any personal information to the Site Owner by email, unless adequate security measures are in place in order to ensure the security of the transmission. The Site Owner, its affiliates and their respective agents, administrators and employees will not be liable in any manner whatsoever, to you or any third parties, for any damage as a result of information transmitted by email to the Site Owner. You assume all risks related to such communications.

9. Hyperlinks

This Website may contain hyperlinks and references to other websites. Such hyperlinks and references are provided to you as a convenience only. The Site Owner has not reviewed and does not expressly or implicitly endorse other websites or any information or material, or the accessibility thereof, via such hyperlinks, and does not assume any responsibility for any such other websites, information or material posted thereon, or products or services offered thereon. You may not create hyperlinks from other websites to the Website, except if expressly permitted by the Site Owner.

10. Damage to Others

You agree not to include, knowingly or otherwise, any error or defect in material or information which may, among other things, be a libel, slander, defamation, or obscenity, or promote hatred or otherwise give rise to a criminal offence or civil liability on the part of any person or entity.

11. Liability for Computer System

You will at all times remain liable for all damages caused by your computer system as a result of (i) the connection, configuration, or compatibility of the different components of your computer system, (ii) your use of any material on any website, including, without limitation, use of the Material, (iii) your access to any website, including, without limitation, the Website or Materials, or (iv) your downloading of data, content, software and/or viruses.

The Site Owner, its affiliates and their respective agents, administrators and employees do not assume any liability whatsoever for any unauthorized access to your computer system by hackers or the quality, reliability, compatibility or speed of services rendered by your Internet service provider.

12. Termination

The Site Owner, in its sole discretion, may terminate or suspend your use of the Website and Material at any time and for any or no reason in its sole discretion, even if access and use continue to be allowed to others. Upon such suspension or termination, you must immediately (a) discontinue use of the Website, and (b) destroy any copies you have made of any portion of the Material. Accessing the Website after such termination, suspension, or discontinuation shall constitute an act of trespass. Further, you agree that Site Owner shall not be liable to you or any third party for any termination or suspension of your access to the Website.

13. Investigations

Site Owner reserves the right to investigate suspected violations of these Terms. Site Owner may seek to gather information from the user who is suspected of violating these Terms, and from any other user. Site Owner may suspend any users whose conduct or postings are under investigation and may remove such material from its servers as it deems appropriate and without notice. If Site Owner believes, in its sole discretion, that a violation of these Terms has occurred, it may edit or modify any submission, posting, or upload, remove the material permanently, cancel postings, warn users, suspend users and passwords, terminate accounts, or take other corrective action it deems appropriate. Site Owner will fully cooperate with any law enforcement authorities or court order requesting or directing Site Owner to disclose the identity of anyone publishing or otherwise making available any materials that are believed to violate these Terms. BY ACCEPTING THIS AGREEMENT YOU WAIVE AND HOLD HARMLESS ALL SITE OWNER PARTIES FROM ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY ANY SITE OWNER PARTIES DURING OR AS A RESULT OF ITS INVESTIGATIONS, OR FROM ANY ACTIONS TAKEN AS A CONSEQUENCE OF INVESTIGATIONS BY EITHER A RELEASEE OR LAW ENFORCEMENT AUTHORITIES.

14. Reservation of Rights

All rights not expressly granted in these terms are reserved by the Site Owner. Nothing contained in these terms shall be construed as conferring by implication, estoppel, or otherwise any license or right under any copyright, patent, trademark or other intellectual property right of the Site Owner or any other person or entity.

15. Governing Law

These Terms shall be governed by the laws of the Province of Ontario and the laws of Canada without regards to principles of conflicts of law. You agree to submit to the exclusive jurisdiction of any provincial or federal courts located in the Province of Ontario, Canada, and waive any jurisdictional, venue, or inconvenient forum objections to such courts.

16. Jurisdiction

This Website is intended for use in Canada. The Site Owner makes no representation that materials on the Website are appropriate or available for use in other locations. You are responsible for complying with local laws, if and to the extent local laws are applicable. You specifically agree to comply with all applicable laws concerning the transmission of technical data exported from the country in which you reside. You may not use, export, or re-export the products or any copy or adaptation in violation of any applicable laws or regulations including, without limitation, Canadian export laws and regulations.

17. Severability

If any provision hereof is held illegal, invalid or unenforceable by any competent authority in any jurisdiction, such illegality, invalidity or unenforceability shall not in any manner affect or render illegal, invalid or unenforceable such provision in any other jurisdiction or any other provision hereof in any jurisdiction.

18. Modification of these Terms

The Site Owner may modify, alter, or otherwise update these Terms and additional terms and conditions applicable to the Website, including eliminating or discontinuing any content on or feature of the Website, or changing any fees or charges for use of the Website or product or services available on the Website, at any time. You can determine when these Terms were last revised by referring to the “Last Updated” legend at the top of these Terms. You agree to review the terms of use each time you access and use the Website and to be bound by such terms of use as are in effect at the time when you access the Website.