(Please print) ACCOUNT OPENING

A- FOR CONSULTANT/REP USE ONLY Office No. Consultant / Rep. No.

Consultant / Rep. Name

B- SELECT AN ACCOUNT
Bank’s use only :
Chequing Accounts Account No. - (the “Account”)

Chequing Account (personal chequing account) Signature requirement(s)

Merit Account (for Senior) *FOR ALL ACCOUNTS, EXCEPT THE “GET GROWING ACCOUNT” THE SIGNATURE REQUIREMENT IS:

Cornerstone Account APPLICANT OR CO-APPLICANT

*Get Growing Account (for Minor)

*Please complete “Get Growing Account Information” *FOR “GET GROWING ACCOUNT” SIGNATURE REQUIREMENTS ARE WITHIN
THE GET GROWING ACCOUNT INFORMATION SECTION

Savings Account

Preferred Savings Account

C- GET GROWING ACCOUNT INFORMATION (Minor Account)

Last Name of Minor
GENDER : M F Date of Birth

Y M D
First and Middle Name of Minor

FOR MINORS BETWEEN THE AGES OF 7 AND 17:

GET GROWING ACCOUNT IN THE NAME OF THE MINOR? YES (Ensure that the ‘‘Applicant’s section’’ is completed in the name of the Minor) NO (complete the Applicant sections
Signature requirements: Minor or Co-Applicant for the Account’s Holder(s))
Complete the Get Growing Authorization and obtain Father, Mother or Guardian signature Signature requirements: Applicant or Co-Applicant
If the Account is the name of the Minor the following services are available:

ORDER PERSONAL CHEQUES? YES NO

ISSUE CLIENT-CARD? YES NO
If the Client-Card is requested, the following services are available:

SOLUTIONS BANKING SERVICE CENTRE? (Telephone Banking) YES NO

SOLUTIONS BANKING INTERNET? YES NO

D- APPLICANT INFORMATION (the “Applicant”)

Client No. GENDER : M F MARITAL STATUS : Common-law Spouse Divorced Married

Separated Single Widow(er)

LANGUAGE : English French Not provided

Last Name Date of Birth Social Insurance Number

Y M D
First and Middle Name
Applicant refused to provide

Current Address (Street No., P.O. Box, Street, Unit / Apt. No.) City Province

Postal Code Home Phone No. RESIDENTIAL STATUS : Owner Other Duration at current address

( ) Tenant Not provided Y M

Applicant Mailing Address (if different from current address) (Street No., P.O. Box, Street, Unit / Apt. No.) City

Province / State Postal Code / Zip code Country

E- APPLICANT EMPLOYMENT INFORMATION

EMPLOYMENT STATUS: Part Time Permanent Seasonal Self employed Temporary Unemployed Not provided

Employer / Company Name Profession Employer’s Phone No.

( ) Ext.

Address (Street No., P.O. Box, Street, Office No.) City Province

Postal Code / Zip code Country Employed Since *Gross Monthly Income
* Required for Security Flex Line only
Y M D $
TM
Solutions Banking is a trademark of Power Financial Corporation. Investors Group and design are trademarks of Investors Group Inc. National Bank of Canada is a licensed user of these
trademarks. Solutions Banking products and services are provided by National Bank of Canada.
17665-012 (2004-06-21) Page 1 of 8
(Please print) ACCOUNT OPENING
APPLICANT CO-APPLICANT
Last Name Last Name

First Name First Name

F- CO-APPLICANT INFORMATION (the “Co-Applicant”)

Client No. GENDER : M F MARITAL STATUS : Common-law Spouse Divorced Married
Separated Single Widow(er)

LANGUAGE : English French Not provided

Last Name Date of Birth Social Insurance Number

Y M D
First and Middle Name
Co-Applicant refused to provide

Current Address (Street No., P.O. Box, Street, Unit / Apt. No.) Same as Applicant’s (if different complete the following information) City Province

Postal Code Home Phone No. RESIDENTIAL STATUS : Owner Other Duration at current address

( ) Tenant Not provided Y M

Co-Applicant Mailing Address (if different from current address) (Street No., P.O. Box, Street, Unit / Apt. No.) Same as Applicant’s City

Province / State Postal Code / Zip code Country

G- CO-APPLICANT EMPLOYMENT INFORMATION

EMPLOYMENT STATUS: Part Time Permanent Seasonal Self employed Temporary Unemployed Not provided
Employer / Company Name Profession Employer’s Phone No.

( ) Ext.

Address (Street No., P.O. Box, Street, Office No.) City Province

Postal Code / Zip code Country Employed Since *Gross Monthly Income
* Required for Security Flex Line only
Y M D $

H- SECURITY FLEX LINE (Overdraft Protection)

THIS OVERDRAFT PROTECTION IS APPLICABLE FOR ALL CHEQUING ACCOUNTS EXCEPT THE ‘‘GET GROWING ACCOUNT’’. CREDIT LIMIT: $
APPLY FOR AN OVERDRAFT LIMIT? YES, complete this section NO, proceed to the next section
The Applicant and Co-Applicant agree that the amount of the credit limit (the ‘‘Credit Limit’’) shall be determined in accordance with the credit standards in effect at the Bank.

The Applicant or Co-Applicant shall use the Security Flex Line by drawing items on the Account to be open by the Bank to the Applicant on the effective date of the Security Flex Line or by any other means agreed
to by both the Bank, the Applicant and the Co-Applicant. All items honoured by the Bank may be debited from the Account. Items must be issued in the form of cheques authorized by the Bank. The Bank undertakes
to honour all items issued from the Applicant as long as the Security Flex Line is in effect, provided the Bank may refuse to honour any items at any time without notice if, as a result, the debit balance of the Account
would exceed the Credit Limit or the payment would cause an overrun of the Credit Limit. If however the Bank tolerates an overdraft in the Account exceeding the Credit Limit, the overdraft amount shall be payable
on demand and bear interest each day at an annual rate of 21% and the Bank shall not give up or waive any of its rights including its right to refuse further advances in the future.

Interest Rate % %= % per annum (the ‘‘Variable Annual Interest Rate’’)

Bank’s Prime Rate + spread%

REPAYMENT SCHEDULE : The Applicant and/or the Co-Applicant authorize the Bank to debit the Account for payments as they become due.

OPTIONAL PAYMENT : Minimum payment +$ or % of the outstanding balance.

For optional payment, another account or an account from another Institution must be indicated:

Branch No. Institution Name Institution No. Account No. Address of Branch

I- CLIENT CARD / Access to Automated Teller Machine (ATM)

Issue Client-Card for Applicant? Issue Client-Card for Co-Applicant?

YES YES

NO, Proceed to the next section NO, Proceed to the next section

ATM DAILY WITHDRAWAL LIMIT : $ _____________ ATM DAILY WITHDRAWAL LIMIT : $ _____________

ATM WITHDRAWAL LIMIT ON DEPOSIT : $ _____________ ATM WITHDRAWAL LIMIT ON DEPOSIT : $ _____________

INDICATE THE ACCOUNT TO BE ACCESSED BY ATM INDICATE THE ACCOUNT TO BE ACCESSED BY ATM

CHEQUING ACCOUNT KEY CHEQUING ACCOUNT KEY

SAVINGS ACCOUNT KEY SAVINGS ACCOUNT KEY

The Applicant and the Co-Applicant hereby consent to receive a Client-Card and a personal identification number (PIN) by mail in a separate sealed envelope. The Applicant and the Co-Applicant acknowledge that
they should read the “Agreement Governing the Use of Automated and Electronic Banking Services” included with the Client-Card prior to using the automated banking services of the Bank. By using the Client-Card
and PIN for the first time, the Applicant and the Co-Applicant confirm having read this agreement and agree to abide by the terms and conditions thereof.

17665-012 (2004-06-21) Page 2 of 8

(Please print) ACCOUNT OPENING
APPLICANT CO-APPLICANT
Last Name Last Name

First Name First Name

J- SOLUTIONS BANKING ACCESS

SOLUTIONS BANKING SERVICE CENTRE? (telephone banking)

Applicant Co-Applicant
YES NO, proceed to the next question YES NO, proceed to the next question

SOLUTIONS BANKING INTERNET FOR APPLICANT ? SOLUTIONS BANKING INTERNET FOR CO-APPLICANT ?

YES, please enter E-mail address: YES, please enter E-mail address:

NO, proceed to the next section NO, proceed to the next section

K- CHEQUE ORDER INFORMATION

ORDER PERSONAL CHEQUES? YES, deliver start up kit to: Applicant’s home address Applicant’s mailing address

NO

L- ACCOUNT STATEMENT
RECEIVE YOUR ACCOUNT STATEMENT AT : Applicant’s home address Applicant’s mailing address

CANCELLED CHEQUES RETURNED WITH STATEMENT? YES NO

M- COMPLETED BY
CONTACT FAX No. DATE
(Not applicable on Web entered applications)

CONTACT E-MAIL ADDRESS (Not applicable on Web entered applications) NAME (PLEASE PRINT)

WITNESS SIGNATURE (This is the person who witnesses the Applicant’s and/or Co-Applicant’s signature(s))

17665-012 (2004-06-21) Page 3 of 8

(Please print) ACCOUNT OPENING
APPLICANT CO-APPLICANT
Last Name Last Name

First Name First Name

N- GET GROWING AUTHORIZATION

AUTHORIZATION AND COVENANT OF THE FATHER, MOTHER OR GUARDIAN

The undersigned hereby authorizes the Bank to open an Account in the name of for the deposit and
withdrawal of sums of money and to issue to such child a payment or debit card (the “Client-Card”) giving access to the said Account by way of automated banking machines or point-of-sale terminals.
The undersigned further guarantees the acts or things done by the above-mentioned child as well as the transactions performed in the Account, releases the Bank from any and all liability therefore and undertakes
to indemnify the directors, officers, agents and employees and hold them harmless from any losses, claims, judgments, legal actions, damages, obligations, charges and expenses whatsoever directly or indirectly
related (otherwise than by way of gross negligence or a deliberate act by the Bank) to the operation of the Account, and to the issue and use of the Client-Card in accordance with the “Agreement Governing the Use
of Automated and Electronic Banking Services”.

SIGNATURE OF THE FATHER, MOTHER OR GUARDIAN

O- AUTHORIZATION AND SIGNATURES

By signing below, I undertake to respect the terms and conditions of the Agreement Governing Personal Deposit Accounts and of the Security Flex Line Agreement and I recognize that I also give my consent and
authorization with respect to information pertaining to me in accordance with those agreements. I acknowledge having received and read the Agreements and Provisions, the “Solutions Banking Product and Service
Guide to Fees’’ and the ‘‘Strictly between you and us’’ pamphlet.

DATE

APPLICANT’S SIGNATURE CO-APPLICANT’S SIGNATURE MINOR’S SIGNATURE

17665-012 (2004-06-21) Page 4 of 8

 TERMS AND CONDITIONS
DEFINITIONS – For the purposes hereof, the term “Bank” designates
National Bank of Canada, its successors and assigns as well
as all its subsidiaries (notably, National Bank Trust Inc., National
Bank Financial Services Inc., National Bank Securities Inc. and
Natcan Trust Company) which offer to the public in Canada deposit
and lending services, credit, debit or payment cards, trust, custodial,
brokerage, insurance and other personal financial services. “Appli-
cant” designates the Applicant and the Co-Applicant collectively and
individually, as applicable. “Distributor” designates Investors Group
Financial Services Inc. and Les Services Investors Limitée and their
affiliates (as defined under the Canada Business Corporations Act).
All the terms defined on the account opening application shall have
the same meaning in the following agreements and provisions.
AGREEMENT GOVERNING PERSONAL DEPOSIT
ACCOUNTS
1 - Scope of Agreement: This agreement applies to each account
opened in virtue of this agreement. If the account (the “Account”)
is opened under the names of more than one person, each
accountholder is jointly and severally liable for all of the obligations
provided for in this agreement.
2 - Payment Authorization: The Applicant authorizes the Bank to pay,
accept and debit his/her Account for any cheque, note, bill of exchange or
payment order (hereinafter collectively known as “item”) issued, signed,
endorsed or accepted by the Applicant and payable at the Bank or
presented for payment there.
3 - Repayment of Unpaid Items: The Applicant undertakes to
repay the Bank for any item or debt security credited to the Applicant’s
Account or paid to the Applicant and for which the Bank receives no
payment or which disappears, except if such disappearance is the
result of the Bank’s negligence.
4 - Fees: The Applicant undertakes to pay the Bank fees for managing
his/her Account and for the services rendered to him/her according to
the fee schedule and terms and conditions in effect at the Bank as set
out in the “Solutions Banking Product and Service Guide to fees”.
5 - Account Debits: The Bank is authorized to debit the Applicant’s
Account for any amount owing by the Applicant to the Bank. If an
amount owing is due in a currency other than the currency of the
Account, this amount may be converted into the currency of the
Account at the exchange rate in effect at the Bank on the date of the
debit. The Applicant authorizes the Bank to charge to his/her Account
all costs it may incur as a result of an investigation into the Applicant’s
affairs in compliance with legislation in force, including charges for
copying documents.
6 - Overdrafts: The Applicant undertakes to repay the Bank the
amount of any overdraft in his/her Account plus interest at the annual
rate in effect at the Bank for such an overdraft; this interest may be
debited from the Applicant’s Account.
7 - Overdraft Protection: The following provisions apply to the
overdraft protection option(s) chosen by the Applicant as indicated
in the Account opening form. If more than one option is chosen, the
“funds transfer” option will be used first, followed by the “MasterCard”
option and then the “Flex Line” option. If the Applicant has chosen the
“funds transfer” option, the Bank is authorized to prevent an overdraft
in the Applicant’s Account by debiting any other Account designated
by the Applicant at the Bank for an amount sufficient for this purpose
and to credit said amount to the Applicant’s Account. However, the
Bank is not obliged to proceed with the transfer if the amount available
in the other Account is not sufficient to prevent the overdraft.
If the Applicant has chosen the “MasterCard” option, the Bank is
authorized to prevent an overdraft in the Applicant’s Account by using
the Applicant’s available credit on his/her National Bank MasterCard
card and crediting this amount to the Applicant’s Account. All amounts
thus credited to the Applicant’s Account will be considered “direct
cash advances” under the agreement between the Bank and the
Applicant with regard to use of the MasterCard. The Bank is not
obliged to allow the use of the credit available on the Applicant’s
MasterCard if such use would result in the Applicant’s exceeding the
maximum credit available on the card or if the Applicant is in default
under the provisions of the agreement between him/her and the Bank
with respect to this card.
If the Applicant has chosen the “Flex Line” option, the Bank is
authorized to prevent an overdraft in the Applicant’s Account by
17665-012 (2004-06-21)
using the Applicant’s Flex Line at the Bank and crediting the Applicant’s
Account with the amount used. Any amount thus used shall constitute
an advance made by the Bank to the Applicant and the terms and
conditions of the Applicant’s Flex Line shall apply to this advance.
The Bank is not obliged to use the Applicant’s Flex Line if such use
would result in his/her exceeding the maximum credit available on the
Flex Line.
The Applicant may revoke any or all of the above authorizations on
five (5) days’ written notice to the Bank. The Bank may at any time
decline to act in accordance with the above authorizations by giving
the Applicant a notice to this effect.
8 - Waiver: The Applicant acknowledges that he/she is responsible
for honouring any item he/she signs. He/she is also responsible if
he/she accepts or endorses any item without the Bank being required
to present it for acceptance or payment to the person who issued the
item. The Applicant agrees that he/she will not contest or oppose any
item that he/she has signed, accepted or endorsed. Furthermore,
he/she agrees that the Bank is not obliged to notify him/her if the
endorsed item is not paid by the person who issued it.
9 - Recourse for Dishonoured Items: The Bank may exercise,
without being obliged to do so, any recourse in relation to an item
debited to the Applicant’s Account under this agreement. Such item
could therefore be retained and held by the Bank as guarantee for
payment of any amount owed to the Bank by the Applicant.
10 - Funds Withheld: The Bank reserves the right to require
eight (8) days’ prior notice for any withdrawal from the Applicant’s
Account. In addition, any amount credited to the Applicant’s Account
as a deposit may be withheld by the Bank until expiry of a designated
period used to determine if the item has been paid (the “Withholding
Period”). The Withholding Period may be approximately seven (7)
business days if the item is drawn on a branch of a financial institution
located in Canada. If such financial institution is a trust company, the
Withholding Period may be approximately fifteen (15) business days.
If the item is drawn on a financial Bank located outside Canada, or
if the item is in a foreign currency, the Withholding Period may be
approximately ninety (90) business days.
11 - Items in Collection: The Bank may act as agent on the
Applicant’s behalf to present an item for payment using the
presentment and collection method it deems most appropriate
under the circumstances, particularly if the item is drawn on a financial
Institution located outside Canada. The amount will be credited to
the Applicant’s Account only if the item is duly paid by the financial
Institution on which it is drawn.
12 - Cheques: The Bank may refuse to pay an item drawn on the
Applicant’s Account if such item is not in the currency of the Account
or was written on a form not approved by the Bank or if such form was
altered.
13 - Interest on Credit Balance: A credit balance in the Account
does not bear interest, except according to the terms and conditions
and interest rates which the Bank may agree to in writing from time
to time.
14 - Checking of Account Entries: The Applicant undertakes to
check all the statements of Account which may be sent to him/her
by the Bank or, in the case of an Account with passbook, to update
his/her passbook monthly and check the entries it contains. The
Applicant undertakes to notify the Bank within thirty (30) days of
the mailing date of each statement of any errors or irregularities
concerning the statement or the debits and credits appearing on it; in
the case of an Account with passbook, the Applicant undertakes to
notify the Bank within thirty (30) days of the end of each month of any
error or irregularity concerning the Account for the preceding month
or concerning the debits and credits made to the Account during
that month. On expiry of the thirty-day period (except for errors and
irregularities already reported to the Bank and payments made on
unauthorized endorsements), the Applicant cannot contest the
balance entered on the statement or, in the case of an Account
with passbook, the balance appearing in the Account at the end
of the preceding month. This balance will then be considered to be
definitive and accurate and the Applicant will not be able to exercise
any claim against the Bank concerning the debits made to the Account
or credits which should have appeared.
15 - Applicant’s Mailing Address: Any statement of Account, notice,
item or document intended for the Applicant may be transmitted
Page 5 of 8
to him/her by regular mail at the last address known by the Bank.
The Applicant will be liable for any loss incurred during mailing. When
statements are sent by mail, the Applicant undertakes to notify the
Bank immediately if such statements are not received in time. The
Applicant must inform the Bank of any change of address.
16 - Amendments to Agreement: The Bank may amend this
agreement with thirty (30) days’ prior notice to the Applicant and such
amendments will be considered as having been accepted by the
Applicant if he/she continues to use his/her Account thereafter.
17 - Account Closing: The Bank reserves the right to close a dormant
Account after the second notice if: the Account has been dormant for
two years; the Account balance is $0.00; the Applicant has no other
service or product with the Bank.
SECURITY FLEX LINE AGREEMENT AND STATEMENT
OF DISCLOSURE UNDER THE BANK ACT
1. REPAYMENT SCHEDULE: The Applicant authorizes the Bank to
debit the account indicated on the account opening application (the
“Account”) for payments as they become due. If there are insufficient
funds in the Account and the Applicant does not make alternative
payment arrangements with the Bank, the Bank may collect any
amount that the Applicant owes to the Bank from other accounts held
by the Applicant with the Bank to satisfy such obligations under this
agreement. If any payment is not made when due as provided herein,
the Applicant will be in default under this agreement.
2. INTEREST AND CHARGES: Interest is calculated on the daily
balance and accrues from the date of the first advance. Interest may
be debited monthly from the Account on the date determined by the
Bank; it is capitalized as of this debit. The Variable Annual Interest
Rate will change automatically, without notice, whenever the Bank’s
Prime Rate changes. “Bank’s Prime Rate” is the annual variable
interest rate posted publicly by the Bank from time to time which
is the benchmark rate used to determine the interest on demand
loans in Canadian dollars granted in Canada. Changes to the Bank’s
Prime Rate are indicated in notices posted in the Bank’s branches.
Interest will continue to be payable by the Applicant at the applicable
interest rate after: demand for payment in full; an occurrence of a
default under this agreement; and/or the Bank obtains judgment
against the Applicant. Fees may also be charged by the Bank from
time to time for certain services.
3. ADVANCES: All amounts charged to the Account, including
interest, before or after default, fees in effect at the Bank for the
handling of such Account, and insurance premiums, if applicable,
are considered advances made by the Bank to the Applicant. The
Applicant must repay such advances in the manner provided for
herein.
4. MONTHLY STATEMENT AND MINIMUM PAYMENT: Every
month, the Bank shall prepare and send to the Applicant a statement
(the “Statement”) as well as other items, if applicable, of the debits
and credits posted to the Account during the period covered by the
Statement. On receipt of each Statement, the Applicant shall pay to
the Bank a minimum payment equal to the sum of the interest and
insurance premiums, if applicable, charged to the Account during the
period covered by the Statement as well as any additional amount
required so that the debit balance of the Account does not exceed the
Credit Limit. This minimum payment shall be made without using the
Security Flex Line. The Applicant may at anytime repay in whole or
in part the outstanding amount of the Security Flex Line without any
indemnity.
5. LIABILITY OF SIGNATORIES: If this agreement is signed by more
than one person as “Applicant” the term “Applicant” designates each
of those persons and the obligations of all such persons are joint and
several (solidary in the province of Quebec). Each person who has
signed this agreement is responsible both individually and together
with each other such person(s) for all these obligations.
6. SEMI-ANNUAL VARIANCE: As long as the Security Flex Line is
in effect, the Applicant shall vary the balance thereof by at least 10%,
either up or down, every six months beginning on the effective date of
the Security Flex Line.
7. RIGHT UPON DEFAULT: If the Applicant does not pay any amounts
when due hereunder, whether after a demand for payment by the
Bank or otherwise, the Bank may enforce the charge and any other
17665-012 (2004-06-21)
right that the Bank holds to secure the Applicant’s obligations under
this agreement.
8. AMENDMENTS TO OR TERMINATION OF THIS AGREEMENT:
The Bank may, at its discretion, increase or decrease at any time
the amount of the Credit Limit and with a 30 days’ prior notice to
the Applicant amend the terms hereof. The Bank may terminate the
Security Flex Line at any time, particularly upon re-evaluation of the
Applicant’s financial situation or if the Applicant becomes insolvent
or does not fulfill his or her obligations to the Bank hereunder or
otherwise. When the Security Flex Line is terminated by the Bank,
the Applicant must pay to the Bank forthwith the debit balance
of the Account with interest at the Variable Annual Interest Rate
until payment in full; unpaid interest is compounded monthly. Any
amendment is made without prejudice, without novation to the Security
Flex Line already granted and without derogation from the rights, security
interests and recourses of the Bank.
9. ADDITIONAL APPLICANT INFORMATION: The Applicant agrees
to provide the Bank with additional personal financial information and
such additional security over the Applicant’s personal property for
payment of the Applicant’s obligations under this agreement as the
Bank may request from time to time.
10. CONTINUING EFFECTIVENESS: The Bank may assign the
amounts owing by the Applicant to the Bank from time to time
under this agreement, with or without the benefit of this agreement,
to any other financial institution or other entity or person without the
Applicant’s consent, but the Applicant may not assign this agreement
without the Bank’s consent. This agreement is also binding upon and
benefits the Bank’s successors and assigns and the Applicant’s heirs
and personal representatives.
11. CHEQUING ACCOUNTS: The Applicant undertakes to check
each Statement which may be sent to him or her by the Bank
and to check the entries recorded thereon. The Applicant further
undertakes to notify the Bank of any error or irregularity concerning the
Statement or the debits and credits appearing thereon within 30 days
of the issue of each Statement. On expiry of the 30-day period (except
for errors or irregularities previously pointed out to the Bank and for
payments made on unauthorized endorsements), the Applicant may
not dispute the balance recorded on the Statement. The balance shall
then be considered definitive and accurate and the Applicant shall
have no claim against the Bank regarding the debits listed on the
Statement or the credits which should have appeared thereon.
12. SERVICE TO THE APPLICANT: Any Statement and any
notice under this agreement sent by the Bank to the Applicant will be
deemed to have been delivered or given to the Applicant if sent by
the Bank by ordinary mail to the last known address of the Applicant
contained in the records of the Bank. The Applicant will immediately
advise the Bank if the Applicant has not received the Statement within
10 days of the Statement’s normal monthly delivery date.
13. OVERDRAFT PROTECTION: The Applicant authorizes the
Bank to use the Security Flex Line to prevent any overdraft of any
such account designated in this regard. The Bank may debit the
Account for an amount deemed sufficient for this purpose and make the
necessary funds transfers. The Bank is not, however, obliged to use
the Security Flex Line for this purpose if such use would cause the
debit balance of the Account to exceed the Credit Limit or would
otherwise cause an overrun of the Credit Limit. The Applicant may
revoke the above authorization with a 5 days’ prior notice to the Bank.
The Bank may, at any time, refuse to act in accordance with such
authorization by notifying the Applicant accordingly.
14. OPTIONAL SERVICES: The Applicant may cancel any optional
service by giving the Bank a 30 days’ prior written notice. After the
cancellation date, the Bank will refund any amount paid by the
Applicant to the Bank for the service cancelled.
15. AGREEMENTS: The other agreements between the Bank and
the Applicant also apply to the Account and the Security Flex Line,
notably the Agreement Governing Personal Deposit Accounts of
which the Applicant acknowledges receiving a copy, subject to the
amendments set out herein. In the event of a conflict, the provisions
hereof take precedence.
16. EXPENSES IN THE EVENT OF DEFAULT: If the Applicant is in
default under this agreement and the Bank terminates the Security
Page 6 of 8
Flex Line, the Applicant may have to pay and hereby agrees to be
liable to pay one or more of the following amounts, as applicable:
• the costs and expenses, including legal fees and disbursements,
resulting from any legal action that the Bank may take or which
would be taken on its behalf to recover any unpaid amount or to
take any other legal action under the terms hereof; and
• interest, calculated at the Security Flex Line rate, on any costs or
expenses charged to the Applicant hereunder.
17. CHOICE OF LANGUAGE/CHOIX DE LANGUE: The parties
confirm that it is their express wish that this agreement, as well as
any other documents relating to this agreement, including notices,
schedules and authorizations, have been and shall be drawn up in
the English language only. Les parties aux présentes confirment
leur volonté expresse que cette convention, de même que tous les
documents s’y rattachant, y compris tous avis, annexes et
autorisations s’y rattachant, soient rédigés en langue anglaise
seulement.
18. REQUEST FOR INFORMATION: For any information concerning
the Security Flex Line, the Applicant may call a Solutions Banking
Service Centre representative at . themselves (when legislation permits) the information about him/her.
PERSONAL PREAUTHORIZED DEBIT AGREEMENT
The Applicant enrolls in the preauthorized debit service of the
Bank to pay a loan / line of credit held with the Bank. The
Applicant authorizes the Bank and any ther financial institution to
proceed with the preauthorized debits (the “Debits”) within the
accounts (the “Accounts”) maintained in the Applicant’s name at
the financial institution (the “Institutions”) by drawing on the Account
or by electronic funds transfer.
This authorization constitutes delivery of the same to the Institutions.
With respect to fixed amount Debits, National Bank of Canada
undertakes to give the Applicant notice, at least ten (10) calendar
days before the due date of the first Debit. Such notice shall be given
to the Applicant each time there is a change in the amount or payment
date(s). The Applicant waives the ten (10) calendar days’ notice
with respect to variable Debit amounts, or if the Applicant provides
instructions to the Institutions by telephone, fax, email or other means
to modify the terms and conditions of the Debits. The Applicant
undertakes to inform the Bank of any change on the Accounts before
the due date of a Debit. The Applicant warrants and guarantees that
he/she is the only person authorized to sign on the Accounts and he/
she will provide the Bank, at their request, with a specimen cheque
marked “VOID”.
The Applicant understands that he/she is responsible for ensuring
that the balance to be paid by Debit is available in his/her Account,
failing which, NSF charges will apply. The Institutions are not required
to verify that the Debits have been issued in accordance with the
particulars set out in this authorization form including, but not limited
to, the amount.
The Applicant acknowledges that, to revoke this authorization, he/she
must provide written notice of revocation to the Bank. Revocation of
the Debit authorization does not terminate use of the Applicant’s loan
but applies only to the method of payment. The Applicant may dispute
the Debits under the following conditions: i) the Debits were not drawn
in accordance with his/her authorization; or ii) the authorization was
revoked; or iii) pre-notification was not received when required.
In order to be reimbursed, the Applicant must complete and present
to the Institution holding the Account a declaration to the effect that
either i, ii or iii, as indicated above, took place, up to and including
ninety (90) calendar days after the date of the disputed Debit. If the
notice exceeds this ninety (90) calendar day delay, the matter is to be
resolved by addressing his/her claim solely to the Bank.
If the Applicant disputes a Debit, or if his/her Debit cannot be
honoured due to an insufficiency of funds in the Accounts, or for
any other reason, the Applicant must remit the payment on his loan
/ minimum payment on his line of credit. The Applicant consents to
the disclosure between the Institutions of any personal information
that may be contained in the Debit authorization, insofar as any such
disclosure of personal information is directly related to and necessary
for the appropriate application of this authorization.
17665-012 (2004-06-21)
PROVISIONS GOVERNING THE COLLECTION, USE AND
DISCLOSURE OF PERSONAL INFORMATION
a) The Bank and the Distributor collect information of a personal
nature in order to offer the Applicant current financial services
pertaining to personal deposit accounts to understand and meet
the Applicant’s needs, to determine his/her eligibility for the various
products and services contemplated herein and to protect the
interests of the Applicant, the Bank and of the Distributor. The
personal information collected by the Bank and the Distributor is kept
in the Applicant’s “personal financial services” file.
b) The Applicant agrees to provide the Bank and the Distributor
with the necessary information about himself/herself for the
purposes mentioned in paragraph a) and authorizes the Bank and the
Distributor to obtain information about himself/herself from persons
likely to have such information (credit reporting agencies, financial
institutions, employers or persons with whom the Applicant does
business). The Applicant further authorizes the Bank and the
Distributor to disclose such information to those persons and
specifically allows the Bank and the Distributor to exchange between
c) The information provided to the Bank and the Distributor may be
used as follows:
i) to offer the Applicant various financial products and services
following the analysis of his/her needs that is carried out;
ii) to determine the Applicant’s financial position and eligibility for the
various products and services requested as well as to check the
accuracy of the information provided;
iii) to convey it to any person who works for or with the Bank or the
Distributor insofar as needed for the purposes of furnishing the
products or services requested;
iv) to enable the Bank and the Distributor to comply with applicable
legislation namely with tax legislation requiring them to indicate
such information as the Applicant’s social insurance number on the
tax slips they prepare and to identify him/her in accordance with
the provisions of the Proceeds of Crime (Money Laundering) and
Terrorist Financing Act;
v) to convey the Applicant’s credit file to credit reporting or
assessment agencies, to credit product insurers or to other
lenders in order to maintain the integrity of the credit process, as
applicable.
d) The information provided to the Bank and to the Distributor may
also be used for the following purposes:
i) to offer the Applicant other financial products and services. Such
information will be added to the Applicant lists that the Bank and
the Distributor draw up for this purpose;
ii) to convey it to the affiliated companies and subsidiaries of the Bank
and of the Distributor (where legislation permits) so that they may
offer the Applicant their products and services;
iii) to make it easier to identify the Applicant and to distinguish
him/her from other clients of the Bank and of the Distributor and
his/her personal information from that of other clients for credit
reporting agencies and lenders as well as for the affiliated companies
and subsidiaries of the Bank and of the Distributor. The Applicant
authorizes the Bank and the Distributor to use his/her social
insurance number for these specific purposes.
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e) The Applicant expressly consents that the Bank and the
Distributor use the information provided for the purposes indicated
hereinabove.The Applicant acknowledges that he or she may at any time
prohibit the Bank and the Distributor from using the information for such
purposes and from disclosing the information to third parties by
calling . The product or service requested
cannot be refused solely because the Applicant does not consent to
allowing the information provided to be used for the purposes set out
in paragraph d). In all cases, the Applicant shall be informed of the
consequences of his/her refusal to allow the use or disclosure of the
information about himself/herself.
f) The Applicant authorizes the Bank and the Distributor to keep the
information collected for as long as they need it for the purposes
stated in paragraph c), even if the Applicant is no longer a client of the
Bank or of the Distributor.

COMPENSATION DISCLOSURE
The Applicant acknowledges that the Distributor and its
consultants will receive referral compensation for products
and services supplied by the Bank to the Applicant as a
result of a referral by a consultant. The compensation will
be paid to the Distributor who will in turn compensate the
consultant. The amount of the compensation and how it is
calculated will depend on the product or service and will
be based on a percentage of the Applicant’s balances in
the product or service or the revenue generated from the
Applicant’s use of the product or service or a fixed fee. The
actual amount of the compensation will vary from time to
time depending on promotions for sales of products or
services.
NOTICE REGARDING DISTRIBUTOR
The Applicant acknowledges and agrees that the Distributor
and its respective directors, officers, employees or agents
are neither the issuers of the products and services
described herein nor are they liable to the Applicant in any
manner whatsoever for the provision of such products
and services.

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17665-012 (2004-06-21)