(Please print) FLEX LINE OPENING

A- FOR CONSULTANT/REP USE ONLY

Office No. Consultant / Rep. No.
Consultant / Rep. Name

B- SELECT A LINE OF CREDIT Bank’s use only :

Account No. (the “Account”)

Signature requirement :
PERSONAL FLEX LINE
For all Lines of Credit : one signature required
ALL-IN-ONE ACCOUNT Applicant or Co-Applicant

INVESTMENT LINE OF CREDIT (Quebec only)

C- 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

No. of Dependents
Last Name Date of Birth Social Insurance Number

Y M D
First and Middle Name
Applicant refused to provide

D- 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

No. of Dependents
Last Name Date of Birth Social Insurance Number

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

E- CREDIT LIMIT (the “Credit Limit”)

The Applicant and Co-Applicant agree that the amount of the Credit Limit shall be determined in accordance with the credit standards in effect at the Bank.

F- 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.

G- SOLUTIONS BANKING ACCESS

SOLUTIONS BANKING SERVICE CENTRE? (telephone banking) 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

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.
17666-012 (2003-10-15) Page 1 of 4
(Please print) FLEX LINE OPENING
APPLICANT CO-APPLICANT
Last Name Last Name

First Name First Name

H- CHEQUE ORDER INFORMATION

ORDER PERSONAL CHEQUES? YES, deliver start up kit to: Applicant’s home address Applicant’s mailing address NO

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

J- COMPLETED BY

CONTACT FAX No (not applicable on web entered applications) Date

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))

K- AUTHORIZATION AND SIGNATURES

By signing below, I undertake to respect the terms and conditions of the Agreement Governing Personal Deposit Accounts and of the Line of Credit 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

17666-012 (2003-10-15) Page 2 of 4

 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 - 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 en-
dorsed item is not paid by the person who issued it.
8 - 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.
9 - 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
17666-012 (2003-10-15)
approximately ninety (90) business days.
10 - 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.
11 - 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.
12 - 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.
13 - 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 ir-
regularities 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.
14 - Applicant’s Mailing Address: Any statement of Account, notice,
item or document intended for the Applicant may be transmitted 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.
15 - 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.
16 - 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.
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
themselves (when legislation permits) the information about him/her.
Page 3 of 4
 TERMS AND CONDITIONS

c) The information provided to the Bank and the Distributor may be COMPENSATION DISCLOSURE
used as follows: The Applicant acknowledges that the Distributor and its
i) to offer the Applicant various financial products and services consultants will receive referral compensation for products
following the analysis of his/her needs that is carried out;
and services supplied by the Bank to the Applicant as a
ii) to determine the Applicant’s financial position and eligibility for the result of a referral by a consultant. The compensation will
various products and services requested as well as to check the
accuracy of the information provided; be paid to the Distributor who will in turn compensate the
iii) to convey it to any person who works for or with the Bank or the consultant. The amount of the compensation and how it
Distributor insofar as needed for the purposes of furnishing the is calculated will depend on the product or service and
products or services requested; will be based on a percentage of the Applicant’s balances
iv) to enable the Bank and the Distributor to comply with applicable in the product or service or the revenue generated from
legislation namely with tax legislation requiring them to indicate the Applicant’s use of the product or service or a fixed
such information as the Applicant’s social insurance number on the
tax slips they prepare and to identify him/her in accordance with fee. The actual amount of the compensation will vary
the provisions of the Proceeds of Crime (Money Laundering) and from time to time depending on promotions for sales of
Terrorist Financing Act; products or services.
v) to convey the Applicant’s credit file to credit reporting or
assessment agencies, to credit product insurers or to other NOTICE REGARDING DISTRIBUTOR
lenders in order to maintain the integrity of the credit process, as The Applicant acknowledges and agrees that the Distributor
applicable. and its respective directors, officers, employees or agents
d) The information provided to the Bank and to the Distributor may are neither the issuers of the products and services
also be used for the following purposes: described herein nor are they liable to the Applicant in any
i) to offer the Applicant other financial products and services. Such manner whatsoever for the provision of such products
information will be added to the Applicant lists that the Bank and
the Distributor draw up for this purpose; and services.
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.
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.

17666-012 (2003-10-15) Page 4 of 4