Tax-Free Savings Account Application and Agreement Form

Please send completed forms by mail or fax to RBC Investor Services at: Regular Mailing:

Courier Address:

SEI Investments Canada Company c/o RBC Investor Services: Shareholder Services Dept. P.O. Box 7500, Station A, Toronto, ON M5W 1P9

SEI Investments Canada Company c/o RBC Shareholder Services Dept. 155 Wellington Street West, 3rd Floor: Imaging Team Toronto, ON M5V 3L3

OR by fax to: 1-866-716-2977

1  Account Information New Savings Account  OR 

Existing Tax-Free Savings Account ( SEI Account Number:

)

2  Dealer Information Investor’s Account Number at the Dealer

Dealer Firm Name

Investment Advisor/Representative Name

Dealer Code/Rep Code

3  ( A ) Account Holder Information

(MANDATORY)

It is MANDATORY to complete all sections in full.

Title (Mr, Mrs, Miss, Ms, Dr, Other)

Last Name (or Business Name*)

Date of Birth (DD/MM/YY)

Social Insurance Number

Address

Home Telephone

First Name & Initial

City

Business Telephone

Province

Country

Postal Code

Occupation

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3  ( B ) Successor Holder Election (MANDATORY) Instruction: Note this section is not applicable to Holders domiciled in the Province of Québec

☐☐ Where permitted by law, I hereby elect that my spouse or common-law partner (“Spouse”) become the Holder under the Account in the event of my death before termination of the Account, if he or she survives me. I reserve the right to revoke this election as permitted by applicable law.

Title (Mr, Mrs, Miss, Ms, Dr, Other)

Spouse’s Last Name (or Business Name*)

Date of Birth (DD/MM/YY)

Address

Spouse’s First Name & Initial

Social Insurance Number

City

Province

Country

Postal Code

Country

Postal Code

3  ( C ) Designation of Beneficiary Instruction: Note this section is not applicable to Holders domiciled in the Province of Québec Beneficiary’s Last Name (or Business Name*)

Beneficiary’s First Name & Initial

Date of Birth (DD/MM/YY)

Social Insurance Number

Relationship to Holder

Address

City

Province

If I have not elected a successor holder, then I designate the person identified above as the Account beneficiary entitled to receive all amounts payable under the Account upon my death. This beneficiary designation forms part of the Application and Trust Agreement for the Account and will apply to all property held under the Account on my death. In certain provinces, a beneficiary designation, or any revocation thereof, can only be made by will. In some cases, the rights of my spouse or common-law partner as may be defined under applicable provincial law may override such beneficiary designation. Also, a beneficiary designation will not automatically change as a result of a future relationship or relationship breakdown; it may be necessary to complete a new designation for this purpose. I am solely responsible for ensuring that this beneficiary designation is valid under the laws of Canada, its provinces or territories and that this beneficiary designation is changed when appropriate. If I am domiciled in Canada when I die, I acknowledge that this beneficiary designation will be governed under the laws of the province or territory of my domicile at the time of my death. If I am not domiciled in Canada at the time of my death, then the laws of the province or territory where I was domiciled at the time of execution of this form will apply. Otherwise, the laws of Ontario will apply. I declare that any property passing to a beneficiary from the Plan, the value of such property, and any and all income or capital gain or other benefit arising from such property, shall remain the exclusive property of a beneficiary and shall be excluded from a beneficiary’s net family property or community of property or the value of a beneficiary’s assets for the purposes of division of property on a beneficiary’s separation, divorce, annulment or death as contemplated by any statute dealing with matrimonial or family property in any jurisdiction to the extent allowed by law.

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4  How would you like to invest your money? Please check with your dealer head office for what SEI products are available for sale within your firm Invest $ in accordance with the selected Program below.

Portfolio Name

Select Class

Amount $

Pre-Authorized Chequing Amount $ Complete Sections 8 & 10

Systematic Withdrawal Amount $ Complete Sections 9 &10

1.  SEI GOALS-BASED PORTFOLIOS (minimum investment: $25,000 for O, P & F Classes) – PLEASE CIRCLE CHOICE (Please ensure the investment does not exceed your contribution room)

O

P

F

Short Term Portfolio

PCA521O

PCA521P

PCA521F

Defensive Portfolio

PCA522O

PCA522P

PCA522F

Conservative Portfolio

PCA523O

PCA523P

PCA523F

Moderate Portfolio

PCA524O

PCA524P

PCA524F

Balanced Portfolio

PCA525O

PCA525P

PCA525F

Growth Portfolio

PCA526O

PCA526P

PCA526F

Long-Term Growth Portfolio

PCA527O

PCA527P

PCA527F

All Equity Portfolio

PCA528O

PCA528P

PCA528F

2.  SEI STRATEGIC PORTFOLIOS (minimum investment: $25,000 for O, P & F Classes) – PLEASE CIRCLE CHOICE (Please ensure the investment does not exceed your contribution room)

O

P

F

Short Term Conservative Income Portfolio

PCA501O

PCA501P

PCA501F

Conservative Income Portfolio

PCA502O

PCA502P

PCA502F

Income Portfolio

PCA503O

PCA503P

PCA503F

Moderate Growth & Income Portfolio

PCA504O

PCA504P

PCA504F

Global Moderate Growth & Income Portfolio

PCA505O

PCA505P

PCA505F

Canadian Balanced Portfolio

PCA518O

PCA518P

PCA518F

Core Growth & Income Portfolio

PCA506O

PCA506P

PCA506F

Global Core Growth & Income Portfolio

PCA507O

PCA507P

PCA507F

Growth & Income Portfolio

PCA508O

PCA508P

PCA508F

Global Growth & Income Portfolio

PCA509O

PCA509P

PCA509F

Core Growth Portfolio

PCA510O

PCA510P

PCA510F

Global Core Growth Porfolio

PCA511O

PCA511P

PCA511F

Growth Portfolio

PCA512O

PCA512P

PCA512F PCA519F

Canadian Growth Portfolio

PCA519O

PCA519P

Global Growth Portfolio

PCA513O

PCA513P

PCA513F

Equity Portfolio

PCA514O

PCA514P

PCA514F

Global Equity Portfolio

PCA515O

PCA515P

PCA515F

Aggressive Global Equity Portfolio

PCA516O

PCA516P

PCA516F

International Equity Portfolio

PCA517O

PCA517P

PCA517F

Note: All portfolio codes end with their class letter.

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Portfolio Name

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Select Class

Amount $

Pre-Authorized Chequing Amount $ Complete Sections 8 & 10

Systematic Withdrawal Amount $ Complete Sections 9 &10

3.  SEI ASSET ALLOCATION FUNDS (minimum investment – $5,000 for O, P & F Classes, $20,000 for E Class) – PLEASE CIRCLE CHOICE (Please ensure the investment does not exceed your contribution room)

O

P

E

F

Income 100 Fund

PCA033

PCA233

PCA633

PCA333

Income 20/80 Fund

PCA034

PCA234

PCA634

PCA334

Income 30/70 Fund

PCA035

PCA235

PCA635

PCA335

Conservative Monthly Income Fund

PCA037

PCA237

PCA637

PCA337

Income 40/60 Fund

PCA025

PCA225

PCA625

PCA325

Balanced 50/50 Fund

PCA036

PCA236

PCA636

PCA336

Canadian Focused Balanced Fund

PCA039

PCA239

PCA639

PCA339

Balanced 60/40 Fund

PCA007

PCA207

PCA607

PCA307

Balanced Monthly Income Fund

PCA038

PCA238

PCA638

PCA338

Growth 70/30 Fund

PCA024

PCA224

PCA624

PCA324

Growth 80/20 Fund

PCA026

PCA226

PCA626

PCA326

Canadian Focused Growth Fund

PCA040

PCA240

PCA640

PCA340

Growth 100 Fund

PCA027

PCA227

PCA627

PCA327

Global Growth 100 Fund

PCA028

PCA228

PCA628

PCA328

4.  SEI ASSET CLASS FUNDS (minimum investment – $5,000 for P & F Classes, $20,000 for E Class) – PLEASE CIRCLE CHOICE (Please ensure the investment does not exceed your contribution room)

Money Market Fund U.S. Large Cap Index Fund - Currency Hedged Canadian Fixed Income Fund

P

E

F

PCA201

PCA601

PCA301

—

—

PCA8358

PCA202

PCA602

PCA302

Long Duration Bond Fund

PCA218

PCA618

PCA318

Real Return Bond Fund

PCA215

PCA615

PCA315

Short Term Bond Fund

PCA251

PCA651

PCA351

U.S. High Yield Bond Fund

PCA255

PCA655

PCA355

U.S. High Yield Bond Fund – Currency Hedged

PCA8255

PCA8655

PCA8355

Futures Index Fund

PCA216

PCA616

PCA316

Canadian Equity Fund

PCA203

PCA603

PCA303

Canadian Small Company Equity Fund

PCA222

PCA622

PCA322

U.S. Large Company Equity Fund

PCA204

PCA604

PCA304

U.S. Large Company Equity Fund – Currency Hedged

PCA8204

PCA8604

PCA8304

U.S. Small Company Equity Fund

PCA214

PCA614

PCA314

U.S. Small Company Equity Fund – Currency Hedged

PCA8214

PCA8614

PCA8314

Global Managed Volatility Fund

PCA230

PCA630

PCA330

EAFE Equity Fund

PCA205

PCA605

PCA305

Emerging Markets Equity Fund

PCA206

PCA606

PCA306

Settlement Source:   Cheque (attached) OR    FundSERV (N$M) If this is a Transfer, please complete Section 6.

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Complete sections 5–10 only if applicable. 5  Cash Distributions All fund distributions are re-invested automatically unless stated below. Please select one:  ay distributions by cheque P (Note: cheque will be mailed to the address provided in Section 3)  ay distributions by direct deposit P (please complete Section 10 – Banking Information) Your selection will apply to all Funds/Portfolios selected in Section 4 unless otherwise noted.

8  Pre-Authorized Chequing (PAC) Amount: $ Please complete if you completed the PAC Box in section 4. Please select one: New Pre-Authorized Chequing Plan  C hange/modify existing Pre-Authorized Chequing Plan

A.  Payments from my/our financial institution account to SEI should begin: (Note: 5 Business Days Notice is Required ) Start Date (DD/MM/YY)

6  Transfer Information B.  Frequency: (select one) Contribution Amount: $ _________________  Date: _______________ Estimated Transfer Amount: $ ______________  OR  _____________ %

Bi-Weekly   Monthly  Quarterly  Semi-Annually  Annually

Relinquishing Institution Name Section 10 must be completed. Account Number *Please ensure transfer form is attached.

7  Request to Switch Classes

9  Systematic Withdrawal Plan (SWP) Amount: $

Please complete this section to transfer your existing investment in a SEI Fund(s) to a different class in the same Fund(s).

Please complete if you completed the SWP Box in section 4. Please select one: New Systematic Withdrawal Plan  Change/modify existing Systematic Withdrawal Plan

Fund/Portfolio Name

☐  O ☐  P TO ☐  E ☐  F Transfer from:



☐  O ☐  P ☐  E* ☐  F

*subject to E Class investment minimums: $100,000 on Portfolios, $20,000 on Funds.

Important notice to advisor: To complete this transaction through FundSERV, please use the “Transfer” transaction type. Prior to transferring out of Class O, it is very important that SEI is notified of the details by sending an email to [email protected]. This will ensure that the final Class O fee is collected and client assets can be correctly transferred.

A.  Payments to my/our financial institution account should begin: ( Note: 5 Business Days Notice is Required ) Start Date (DD/MM/YY)

B.  Frequency: (select one) Bi-Weekly   Monthly  Quarterly  Semi-Annually  Annually

C.  Payment Direction (select one) Direct deposit to my account (Section 10 must be completed.) Mail the cheque to my address on record

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10  Banking Information (Complete only if applicable.) Please attach an unsigned cheque marked “VOID” to this form or complete this section.

Name of Financial Institution Branch Address

Bank Number

City

Transit Number

Province

Postal Code

Account Number

Authorized Signature of Account Holder (if different from applicant)

11  P, E or F Class Fees* ☐☐ P Class (Fee paid inside the Fund) Each Fund will pay to the Manager a management fee on the net asset value of the Fund held within the account. The Investor’s Agent will be paid commissions from the management fees. Each of these fees is paid in accordance with the terms and conditions set out in the fund’s prospectus.

☐☐ E Class (Fee paid inside the Fund) Each Fund will pay to the Manager a management fee on the net asset value of the Fund held within the account. The Investor’s Agent will be paid commissions from the management fees. Each of these fees is paid in accordance with the terms and conditions set out in the fund’s prospectus.

☐☐ F Class units are available only to investors who have fee-based accounts with dealers who have signed eligibility agreements with SEI. Instead of paying sales charges, a holder of F Class units pays their dealer for investment advice and other services they provide. SEI does not provide fees or commissions to dealers who sell F Class units. *There are no additional fees charged for the asset allocation services provided by SEI for Portfolios and Asset Allocation Funds.

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12  O Class Fees* ☐☐ O Class (Fee paid outside of the Fund) Combined Investor’s Agent and Manager fees for the applicable program based on account market value per details below will be paid by redemption of units from a fund in the Investor’s account selected at the Manager’s discretion. The Investor hereby authorizes the Manager to make such redemptions and for the Investor’s Agent fees to be paid to the Investor’s Agent.

A.  Investor’s Agent Fee Enter applicable Investor’s Agent fee __________ (up to 1.50%)

B.  Manager Fee SEI GOALS-BASED PORTFOLIOS Manager Fee (tiered schedule based on market value of account)

Short Term Portfolio

The first $99,999

The next amount between $100,000 - $499,999

The next amount between $500,000 - $999,999

The remaining amount above $999,999

0.45%

0.40%

0.35%

0.30%

0.65%

0.60%

0.55%

0.50%

0.75%

0.70%

0.65%

0.60%

Defensive Portfolio Conservative Portfolio Moderate Portfolio Balanced Portfolio Growth Portfolio Long-Term Growth Portfolio All Equity Portfolio

SEI STRATEGIC PORTFOLIOS Manager Fee (tiered schedule based on market value of account)

The first $99,999

The next amount between $100,000 - $499,999

The next amount between $500,000 - $999,999

The remaining amount above $999,999

0.65%

0.60%

0.55%

0.50%

0.75%

0.70%

0.65%

0.60%

Short Term Conservative Income Portfolio Conservative Income Portfolio Income Portfolio Moderate Growth & Income Portfolio Global Moderate Growth & Income Portfolio Canadian Balanced Portfolio Core Growth & Income Portfolio Global Core Growth & Income Portfolio Growth & Income Portfolio Global Growth & Income Portfolio Core Growth Portfolio Global Core Growth Portfolio Growth Portfolio Canadian Growth Portfolio Global Growth Portfolio Equity Portfolio Global Equity Portfolio Aggressive Global Equity Portfolio International Equity Portfolio

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SEI ASSET ALLOCATION FUNDS Manager Fee (tiered schedule based on market value of account)

The first $99,999

The next amount between $100,000 - $499,999

The next amount between $500,000 - $999,999

The remaining amount above $999,999

0.65%

0.60%

0.55%

0.50%

0.75%

0.70%

0.65%

0.60%

Income 100 Fund Income 20/80 Fund Income 30/70 Fund Conservative Monthly Income Fund Income 40/60 Fund Balanced 50/50 Fund Canadian Focused Balanced Fund Balanced 60/40 Fund Balanced Monthly Income Fund Growth 70/30 Fund Growth 80/20 Fund Canadian Focused Growth Fund Growth 100 Fund Global Growth 100 Fund

SEI ASSET CLASS FUNDS (only applicable when held outside of an SEI Goals-Based Portfolio or SEI Strategic Portfolio)

Manager Fee (tiered schedule based on market value of account)

The first $99,999

The next amount between $100,000 - $499,999

The next amount between $500,000 - $999,999

The remaining amount above $999,999

0.45%

0.40%

0.35%

0.30%

0.65%

0.60%

0.55%

0.50%

0.75%

0.70%

0.65%

0.60%

Money Market Fund Short Term Investment Fund U.S. Large Cap Index Fund Canadian Fixed Income Fund Long Duration Bond Fund Real Return Bond Fund Short Term Bond Fund U.S. High Yield Bond Fund U.S. High Yield Bond Fund – Currency Hedged Futures Index Fund Canadian Equity Fund Canadian Small Company Equity Fund U.S. Large Company Equity Fund U.S. Large Company Equity Fund – Currency Hedged U.S. Small Company Equity Fund U.S. Small Company Equity Fund – Currency Hedged Global Managed Volatility Fund EAFE Equity Fund Emerging Markets Equity Fund *There are no additional fees charged for the asset allocation services provided by SEI for Portfolios and Asset Allocation Funds.

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13  Agreement & Signatures This Account Holder Application Form must be signed by the Investor and by the Dealer/Investor’s Agent named herein. I acknowledge that I have received and read this Tax-Free Savings Account Holder Application and Agreement and I agree to the terms and conditions. Agreement: I am applying to open an SEI Investments Canada Company Tax-Free Savings Account (“the Account”), and request The Royal Trust Company (“Royal Trust”) to file an election with the Minister of National Revenue to register this qualifying arrangement as a Tax Free Savings Account under section 146.2 of the Income Tax Act (Canada). I will notify the Agent, in a form acceptable to the Agent and Royal Trust, should I no longer be resident in Canada. I understand that I may be liable for certain tax consequences arising in connection with a non-compliant qualifying arrangement. I acknowledge that I must and will notify the Agent should I wish to use my interest or right in the Account as security for a loan or other indebtedness. I acknowledge and agree to be bound by the terms and conditions of this Account as set out in the application, the Trust Agreement, and any relevant addendum to the Account. It is my wish that all documents relating to the Account have been and shall be drawn up in the English language only. C’est mon désir que tout document de rapportant au régime soient rédigés en anglais seulement. Privacy Protection: By signing below, I acknowledge reading SEI's Privacy Policy attached to this application and I consent to my personal information being collected, held, used and disclosed by SEI for the purposes listed in the Privacy Policy. If I have provided information about my spouse, partner and/ or beneficiary, I confirm that I am authorized to do so. Consent to Collection and Use of Information: I hereby consent and agree to allow SEI Investments Canada Company and The Royal Trust Company (the “Parties”) to collect personal information about me from me and from other sources (the “Information”) and to use such Information to verify my identity; to administer the Plan; to provide me with products and services I may request, or which are required to be provided to me by law or applicable regulatory policies; and as otherwise required or permitted by law. The Parties may use and disclose:

(i)  the Information to third parties as necessary to administer the Plan or as required by law or by applicable regulatory policies; and (ii)  my social insurance number as required by law, including for income tax reporting purposes. The Parties may make the Information available to their employees, agents and service providers, who are required to maintain the confidentiality of the Information. In the event a service provider is located outside of Canada, the service provider is bound by, and the Information may be disclosed in accordance with, the laws of the jurisdiction in which the service provider is located. The Parties may also use the Information to manage their risks and operations and those of their affiliates and to comply with valid requests for information about me from regulators, government agencies, public bodies or other entities who have a right to issue such requests. If I provide personal information about a third party (such as my spouse or beneficiary), I shall have first obtained appropriate consent from that third party to the collection, use and disclosure of their personal information by the Parties in the course of the administration of the Plan, for the purposes for which I have provided it to any Party, including the purposes described herein. By writing to SEI Investments Canada Company, I may obtain access to the Information at any time and review its content and accuracy, and have it amended as appropriate; however, access may be restricted as permitted or required by law. By signing this application, I hereby certify that the information contained within this Tax-Free Savings Account Holder Application and Agreement is complete and accurate.

Annuitant / Investor Name

Annuitant / Investor Signature

Date

Dealer Authorized Name

Dealer Authorized Signature

Date

Authorized Signature

Accepted by SEI Investments Canada Company as Agent for The Royal Trust Company

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Investor Agreement Terms The Investor does hereby engage SEI Investments Canada Company to act as manager (the “Manager”) of the investment amount indicated in Section 4 and all returns on that amount with such other cash, securities and property that the Investor may deliver to the Manager or that the Manager may collect on behalf of the Account. All such cash, securities and property held from time to time in the Account are referred to hereinafter as “Portfolio Assets”. The Investor specifically acknowledges and agrees that with respect to the Dealer (the “Investor’s Agent”) named in the Application: a. the Investor and not the Manager is responsible for investigating and selecting the Investor’s Agent; b. the Investor’s Agent is not affiliated with or controlled or employed by the Manager, and the Manager has not approved, recommended or endorsed the Investor’s Agent; c. the Manager is not responsible for supervising or monitoring trading by the Investor’s Agent in the Investor’s Account; d. the Manager may provide to the Investor’s Agent information about investments or investment strategies, but the Investor acknowledges that the Manager does not give tax or legal advice, or advises the Investor’s Agent on the nature, potential value or suitability for the Investor of any particular investment or investment strategies;

In connection with the initial and ongoing investment of the selected Program in SEI mutual funds, the Investor’s Agent agrees that it has provided advisory services to the Investor, including advice and assistance in the Investor’s completion of the Investor Questionnaire and the selection of a Program and will continue to provide advisory services. The Investor’s Agent agrees that its provision of advisory services hereunder shall be at no additional expense to the Investor other than the Management and Investor’s Agent fees paid to the Manager under Section 12. The Investor’s Agent represents, warrants to and agrees with the Investor and the Manager that the Investor’s Agent has and shall maintain all registrations with provincial regulatory authorities appropriate for the provision by the Investor’s Agent of its services hereunder. The Manager represents and warrants to and agrees with the Investor and the Investor’s Agent that the Manager has and shall maintain all registrations with provincial regulatory authorities appropriate for the Manager to provide its advisory services hereunder. In connection with a request to establish or modify a Pre-Authorized Chequing Amount in Section 8, by signing this form, you hereby waive any pre-notification requirements as specified by sections 15(a) and (b) of the Canadian Payments Association Rule H1 with regards to pre-authorized debits. You authorize SEI to debit the bank account provided for the amount(s) and the frequencies instructed.

e. the Investor’s Agent is authorized to be the Investor’s Agent and attorney-in-fact, and in such capacity, to provide instructions to Manager to invest additional money into and withdraw money from the selected Portfolio Assets;

If this is for your own personal investment, your debit will be considered a Personal Pre-authorized Debit (PAD) by Canadian Payments Association definition. If this is for business purposes, it will be considered a Business PAD. Monies transferred between CPA members will be considered a Funds Transfer PAD.

f. the Investor’s Agent will not be liable for any loss, liability, cost or expense in relation to (i) maintenance by the Manager of the Portfolio Assets , or (ii) acting upon instructions of the Investor, believed by the Investors’ Agent to be genuine in accordance with this Investor Application and Agreement.

You have certain recourse rights if a debit does not comply with this agreement. For example, you have the right to receive reimbursement for any debit that is not authorized or is not consistent with this preauthorized debit agreement. To obtain more information on your recourse rights, you may contact your financial institution or visit www.cdnpay.ca.

The Investor specifically authorizes the Manager to take all of the following actions with respect to the Portfolio Assets:

You confirm that all persons whose signatures are required to authorize transactions in the bank account provided have signed this agreement.

a. automatically, without further instruction, rebalance the SEI Portfolio on a daily basis to maintain investments in the relevant mutual funds in the proportions specified for the selected SEI Portfolio and carry out the purchases and redemptions of SEI mutual funds necessary for such purpose. The Investor acknowledges and agrees that the constituent funds and proportions in the SEI Portfolios are subject to change from time to time at Manager’s discretion. For the avoidance of doubt, to the extent an account holds SEI Portfolios as well as SEI mutual funds on an individual basis, the Manager will not rebalance (as specified in this paragraph (a)) the portion of the account invested in SEI mutual funds on an individual basis. Nor will Manager consider such investments in SEI mutual funds on an individual basis when rebalancing the portion of the account invested in the SEI Portfolios.

You may change these instructions or cancel this plan at any time, provided that SEI receives at least 10 business days notice by phone or by mail. Please consult SEI to see if this may be reduced or waived.

b. follow the instructions from the Investor’s Agent to invest additional money into and withdraw money from the selected Program. c. maintain appropriate records of Portfolio Assets, including all purchases and redemptions and provide regular transaction reporting to the Investor’s Agent. The Investor acknowledges and agrees that the Manager does not provide rebalancing for SEI Asset Class Funds purchased on an individual basis. Further, the Investor acknowledges and agrees that the Manager shall only provide rebalancing of SEI Asset Allocation Funds as follows: The SEI Asset Allocation Funds are rebalanced by the Manager from time to time to the target percentage of each underlying fund within the SEI Asset Allocation Fund. The Investor agrees that the Manager will not be liable for any loss, liability, cost or expense for (i) maintenance by the Manager of the Portfolio Assets, or (ii) acting upon instructions of the Investor’s Agent or Investor believed by the Manager to be genuine in accordance with the Investor Application and Agreement.

To obtain a copy of a cancellation form or for more information regarding your right to cancel a pre-authorized debit agreement, please consult with your financial institution or visit the Canadian Payments Association website at www.cdnpay.ca. You agree to release the financial institution of all liability if the revocation is not respected, except in the case of gross negligence by the financial institution. SEI is authorized to accept changes to this agreement from my registered dealer or my financial advisor in accordance with the policies of that company, in accordance with the disclosure and authorization requirements of the CPA. You agree that the information in this form will be shared with the financial institution, insofar as the disclosure of this information is directly related to and necessary for the proper application of the rules applicable for pre-authorized debits. You acknowledge and agree that you are fully liable for any charges incurred if the debits cannot be made due to insufficient funds or any other reason for which you may be held accountable. You have requested this application form and all other documents relating hereto to be in English. Vous avez exigé que ce formulaire et tous les documents y afférant soient rédigés en anglais.

Additional Information Regarding SEI Portfolios

The Investor directs the Manager to provide basic details of each purchase and redemption of a security to the Investor’s Agent.

SEI Investments Canada Company (SEI) makes available the SEI Portfolios. The SEI Portfolios are asset allocation portfolios invested in various combinations of SEI Asset Class Funds (the Underlying Funds). The SEI Portfolios are designed to meet a wide range of investor goals from capital preservation to maximum growth, and span a broad risk-return spectrum.

The Investor acknowledges that the Manager has not made an endorsement or recommendation with respect to the nature or quality of the investments made available to the Investor and that Portfolio Assets are not insured by the Canadian Deposit Insurance Corporation or other similar public deposit insurance. Further, the Investor understands that neither the value of Portfolio Assets nor their rate of return are guaranteed.

SEI utilizes proprietary Capital Market Assumptions (CMAs) to develop the asset allocations for the SEI Portfolios. SEI develops these CMAs based on its historical analysis and qualitative judgment. CMAs are then reviewed and updated periodically, as deemed appropriate by SEI. Any adjustments made to the SEI Portfolios as a result of this review are made with the goal of improving their expected performance relative to each Portfolio’s objective.

The Investor agrees to hold the Manager harmless against and indemnify and reimburse the Manager for any liability, loss, damage or expense (including legal fees) incurred any way in connection with the Portfolio Assets except where such loss or damage directly results from gross negligence or willful misconduct of the Manager.

The SEI Portfolios are automatically rebalanced on a daily basis when they exceed predetermined thresholds. As part of this rebalancing process, purchases and redemptions of the Underlying Funds will be completed for the SEI Portfolio, in order to maintain the SEI Portfolio’s investments in the relevant Underlying Funds in the proportions specified for such SEI Portfolio.

The Manager shall not be under any obligation to defend any legal action or engage in any legal proceedings with respect to the Portfolio Assets.

From time to time, SEI may, in its discretion, change the amount that a SEI Portfolio invests in an Underlying Fund, remove an existing Underlying Fund or add a new Underlying Fund. SEI may use portfolio managers in connection with the SEI Portfolios. SEI may change portfolio managers or the allocation of assets to a particular portfolio manager from time to time at SEI’s discretion.

This Agreement shall be governed under the laws of the Province of Ontario and may be modified only in writing, executed by all parties hereto. Each party may terminate this Agreement at any time by giving at least ten (10) days written notice to the other to that effect. The Investor acknowledges that the Program was selected by the Investor in consultation with the Investor’s Agent, based and relying upon the information contained in the Investor Questionnaire completed by the Investor. The Investor confirms that the information contained in the Investor Questionnaire is accurate and complete and that the Investor’s Agent is entitled to rely on this information and that the Manager is entitled to accept absolutely and without any inquiry whatever the Investor’s choice of the selected Program and to invest in SEI mutual funds in accordance with the selected Program. This Investor Application and Agreement constitutes the entire Agreement between the parties with respect to the subject matter contained herein and may only be amended by a written amendment signed by all parties hereto.

The minimum investment for an SEI Portfolio is $50,000 (unless otherwise agreed by SEI). All distributions made by the Underlying Funds within an SEI Portfolio are set to reinvest automatically for all accounts. Fees for the SEI Portfolios are described within the Investor Application and Agreement Form completed by the Investor and its agent, and may vary depending on a number of factors, one of which is the share class of the Underlying Funds utilized within the SEI Portfolio. Details concerning the management fees and other fees regarding the Underlying Funds are set forth in the applicable prospectus for such Underlying Fund and the Management Report of Fund Performance, which can be obtained from the SEI website or from www.sedar.com. SEI Investments Canada Company is the manager of the SEI Underlying Funds and SEI Portfolios in Canada, and is a wholly owned subsidiary of SEI Investment Company.

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Privacy Policy

Limited Disclosure of Personal Information:

At SEI Investments Canada Company (“SEI”), we recognize the importance of respecting identifiable information about individuals (“Personal Information”) that is collected through all our standard and online business processes. SEI is committed to protecting the confidentiality and integrity of the Personal Information to which it has been entrusted by its clients, in accordance with laws and regulations governing collection, use and disclosure of Personal Information that are applicable to SEI, including applicable provisions of the Personal Information Protection and Electronic Documents Act (“PIPEDA”).

At SEI we are committed to safeguarding your Personal Information and maintaining your privacy. Except as provided in this Policy or as permitted by law, we do not sell or disclose Personal Information to third parties unless we have your prior written consent.

The following is SEI’s Privacy Policy and Procedures (“Policy”) which have been prepared in accordance with the 10 guiding privacy principles incorporated into PIPEDA.

Personal Information collected by SEI may be subject to transfer to another company in the event of a change of ownership of all or part of the organization. This will only occur where the parties have entered into an agreement under which the collection, use and disclosure of Personal Information is restricted to those purposes that relate to the business transaction, including a determination of whether or not to proceed with the business transaction.

Personal Information Collected:

SEI also shares Personal Information with the following parties:

SEI may collect Personal Information from individuals on its own behalf where we provide services directly to such individuals.

› P  arties representing individual clients, such as investment representatives, or other third parties as directed by the individual.

Where SEI acts as a service provider for institutional entities (such as pension plans and endowments), SEI does not collect any Personal Information on its own behalf, but only collects, uses and discloses Personal Information by, and in accordance with instructions of, such institutional entities.

›A  n affiliated company or a third party service provider to enable them to provide business services for SEI, such as performing general administrative activities, and/or assisting in processing transactions.

In certain circumstances where you and SEI have established or are considering a relationship through an advisor or consultant, SEI may collect Personal Information during the course of its normal business activities, such as information provided to the advisor or consultant in connection with a client or prospective client’s interaction and relationship with SEI and as may otherwise be permitted by law. Where SEI collects Personal Information on its own behalf, it may collect Personal Information such as name, date of birth, Social Insurance Number, personal income, investment information, and other financial or lifestyle information necessary for SEI to provide services to you and to meet SEI’s regulatory obligations. SEI may also collect Personal Information that individuals provide through the course of normal correspondence with SEI. Consent: Your provision of Personal Information to SEI means that you agree and consent that we may collect, use and disclose your Personal Information in accordance with this Policy. If you have questions about this Policy, please contact SEI’s Privacy Officer as indicated below. Please note that withdrawing your consent will affect our ability to continue to provide you our products and services. If SEI uses your Personal Information for secondary purposes, such as sending you marketing material, you may opt out of such use by contacting SEI’s Privacy Officer as indicated below. Visiting the SEI Website: This Policy applies equally to all Personal Information collected by SEI on its own behalf including information collected on the SEI website. SEI collects information from website visitors through the use of cookies. A cookie is a piece of data stored on a user’s hard drive containing information about the user (which can include Personal Information). SEI can use cookies to deliver user specific content. Although a cookie on its own does not disclose a user’s identify, it will identify a user’s browser to SEI servers. Browsers can be set to refuse cookies. If you do not accept cookies, you may be limited in access to some areas of the SEI website. Identifying Purposes:

› Regulatory and government entities as part of normal legal/regulatory requirements. How SEI Protects Personal Information: SEI utilizes physical, electronic and procedural safeguards in order to protect the Information we have under our control against accidental or intentional manipulation, loss, destruction or against access by unauthorized persons. Only authorized and trained SEI employees are permitted to have access to files maintained on SEI’s premises. SEI will only retain your Personal Information for as long as is necessary to fulfill the purpose for which it was collected or to meet legal or business requirements. Accountability: SEI has appointed a Privacy Officer who is responsible for implementation and ongoing compliance of this Policy. Every employee of SEI is also required to abide by the Policy and maintain the confidentiality of Information that is collected and used by the organization. Questions About or Access to your Personal Information: SEI is committed to protecting your Personal Information and ensuring that it is kept up to date, accurate and complete as necessary for the purposes for which SEI uses the data. Where SEI has collected Personal Information about you on its own behalf, please contact SEI’s Privacy Officer at the address below to: › Ask questions about the collection, use or disclosure of Personal Information by SEI; ›R  equest written information about SEI’s policies and practices regarding service providers outside of Canada; › Request access to your Personal Information; ›U  pdate your information that is inaccurate, incomplete or out of date; or

Where SEI is a service provider for an individual; SEI will collect and use Personal Information to:

›R  egister a privacy-related complaint in the event of any conflict or other concern regarding access to, or the accuracy or use of, your personal information.

›e  stablish and service the individual’s account and respond to requests made by or on behalf of the individual.

SEI Investments Canada Company Attention: Privacy Officer 70 York Street, Suite 1600 Toronto, Ontario, M5J 1S9

›d  evelop and offer additional products and services that we believe may fit the individual’s needs and to communicate, advise and inform the individual about such additional products and services.

Phone: 416 777 9700 Email: [email protected]

›m  aintain key contact information in our firm’s contacts database. › c ompile statistics about our client base and conduct market research. ›p  rotect against error and fraud. › meet regulatory requirements. › s atisfy legal, regulatory and other requirements of industry organizations that SEI is or may become a member of, such as the Mutual Fund Dealers Association or the Investment Industry Regulatory Organization of Canada. Where SEI acts as a service provider for institutional entities, SEI will only act on Personal Information provided by its institutional clients. This may be done through the course of normal business activity, such as through SEI’s dealings with the institutional entities other service providers and as part of the services provided by SEI. To the extent you are a customer of any of these institutional entities, you should contact such entity directly regarding how they collect and use Personal Information that you provide to them. To the extent you direct any such questions to SEI, SEI will endeavor to redirect such questions to the institutional entity with whom you do business. Use of Service Providers Outside of Canada: SEI may utilize third parties outside of Canada (including SEI affiliates) to perform services on behalf of SEI. SEI may transfer Personal Information to such service providers, including those located in the United States, to the extent appropriate for such service providers to perform the services for which they have been engaged by SEI. Such service providers are contractually obligated to protect the confidentiality and security of the Personal Information they receive. If you have any questions regarding SEI’s use of service providers outside of Canada, please feel free to contact SEI’s Privacy’s Officer as indicated below. In addition, requests for written information about SEI’s policies and practices regarding service providers outside of Canada should also be directed to SEI’s Privacy Officer.

Trust Agreement 1. Definitions. Whenever used in this Trust Agreement or the Application, any capitalized terms shall have the meanings given to them below: “Account” means the tax free savings account established for the Holder; “Agent” means SEI Investments Canada Company and its successors and assigns; “Applicable Laws” means the Tax Act and such other laws of Canada and of the provinces and territories applicable hereto; “Application” means the Holder’s application to the Agent to establish the Account; “Contribution” means a contribution of cash or any Qualified Investment; “Distribution” means a payment out of or under the Account in satisfaction of all or part of the Holder’s interest therein; “Estate Documents” means proof of the Holder’s death and such other documents including Letters Probate of the Holder’s will as may be required by the Trustee in its sole discretion in connection with the transmission of the Property on the Holder’s death; “Estate Representative” means an executor, an administrator, an administrator with the will annexed, a liquidator, or an estate trustee with a will or without a will, whether one or more than one is so appointed; “Expenses” means all (i) costs, (ii) charges, (iii) commissions, (iv) investment management fees, brokerage fees and other fees, (v) legal expenses and (vi) out-of-pocket expenses incurred from time to time in relation to the Account; “Former Spouse” means the individual who is considered by the Applicable Laws to be the Holder’s former Spouse;

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“Holder” means the individual of a “qualifying arrangement” to be in accordance with subsection 146.2(1) of the Tax Act;

The Holder acknowledges that, to the extent the Trustee delegates any such duties, the Trustee shall thereby be discharged from performing such duties, subject to paragraph 3.

“Proceeds” means the Property, less any applicable Expenses and Taxes;

10. Investment of the Property. The Property shall be invested and reinvested on the directions of the Holder (or the Holder’s agent) without being limited to investments authorized by law for trustees. The Trustee, in its sole discretion, may require the Holder to provide such documentation in respect of any investment or proposed investment as the Trustee deems necessary in the circumstances. The Trustee reserves the right to decline to make any particular investment if the proposed investment and related documentation do not comply with the Trustee’s requirements at that time. Subject to the appointment of an agent as contemplated in paragraph 12, no one other than the Holder and the Trustee shall have rights under the Account relating to the investment and reinvestment of the Property.

“Prohibited Investment” means Property (other than prescribed excluded Property as that term is defined in the Tax Act) that is: (a) a debt of the Holder; (b) a share of the capital stock of, an interest in or a debt of: (i) a corporation, partnership or trust in which the Holder has a significant interest; (ii) a person or partnership that does not deal at arm’s length with the Holder or with a person or partnership described in subparagraph (i); (c) an interest in, or right to acquire, a share, interest or debt described in paragraph (a) or (b); or (d) prescribed property (as that term is defined in the Tax Act); “Property” means any property, including the income on it, the proceeds from it and any cash, held in the Account from time to time; “Qualified Investment” means any investment which is a qualified investment for a TFSA according to the Tax Act; “Spouse” means an individual who is considered by the Tax Act to be the Holder’s spouse or commonlaw partner; “Survivor” of the Holder means an individual who is, immediately before the Holder’s death, a Spouse of the Holder; “Tax Act” means the Income Tax Act (Canada); “Taxes” means any and all applicable taxes and assessments, including any penalties and interest, as may be required under Applicable Laws; “TFSA” means a tax free savings account, which is a “qualifying arrangement” (as that term is defined in the Tax Act) the issuer of which has elected, in the form and manner prescribed by the Tax Act, to register as a TFSA; and “Trustee” means The Royal Trust Company in its capacity as trustee and issuer of the arrangement governed by this Trust Agreement, and its successors and assigns. 2. Acceptance of Trust. The Trustee agrees to act as trustee of the Account, which is to be maintained for the exclusive benefit of the Holder, and to administer the Property in accordance with the terms of this Trust Agreement. 3. Appointment of Agent. The Trustee has appointed SEI Investments Canada Company (the "Agent") as its agent to perform certain duties relating to the operation of the Account. The Trustee acknowledges and confirms that ultimate responsibility for the administration of the Account remains with the Trustee. 4. Registration. Subject to the Holder having attained at least 18 years of age, the Trustee agrees to elect, in the manner and form prescribed by the Tax Act, to register the arrangement governed by this Trust Agreement as a TFSA under the social insurance number of the Holder. For greater certainty, unless the Holder has attained at least 18 years of age at the time that this arrangement is entered into, it shall not constitute a qualifying arrangement, as that term is defined in subsection 146.2(1) of the Tax Act, susceptible of being registered as a tax free savings account. 5. Account. The Agent shall maintain an account for the Holder which will record particulars of all Contributions, investments, Distributions and transactions under the Account, and shall mail to the Holder, at least annually, a statement of account. 6. Contributions. Only the Holder may make Contributions to the Account, in such amounts as are permitted under the Tax Act, in cash or such other property as may be permitted in the sole discretion of the Trustee. It shall be the sole responsibility of the Holder to ensure that the amount of Contributions are within the limits permitted under Tax Act. 7. Distributions to Reduce Tax. Notwithstanding any limit on the frequency of Distributions or any minimum Distribution requirement identified in the Application or other notice given under the terms of this Trust Agreement, any Distributions may be made at any time to reduce the amount of Taxes otherwise payable by the Holder as a result of excess Contributions made contrary to the Tax Act. 8. Tax Information. The Trustee shall provide the Holder with appropriate information slips for income tax purposes and such other information as may be required under the Applicable Laws. 9. Delegation by Trustee. The Holder expressly authorizes the Trustee to delegate to the Agent the performance of the following duties of the Trustee: (a) receiving Contributions; (b) receiving transfers of Property; (c) investing and reinvesting the Property as directed by the Holder; (d) registering and holding the Property in the Trustee’s name, the Agent’s name, in the name of their respective nominees or in bearer form as determined by the Agent from time to time; (e) maintaining records, including information concerning the Survivor and the designation of beneficiaries, where applicable; (f) providing to the Holder statements of account at least annually; (g) preparing all government filings and forms; (h) making Distributions pursuant to the provisions hereof; and (i) such other duties and obligations of the Trustee as the Trustee in its sole discretion may from time to time determine.

11. Segregated Funds. Segregated funds forming part of the Property will be held in nominee name. The Holder agrees to designate the Trustee as the beneficiary under any segregated fund held in the Account. Upon the death of the Holder, the proceeds of the segregated funds paid shall form part of the Property to be dealt with according to the terms of this Trust Agreement. 12. Choice of Investments. The Holder shall be responsible for selecting the investments of the Account, ensuring that an investment is and continues to be a Qualified Investment, and determining whether any such investment is not and continues not to be a Prohibited Investment. The Trustee shall exercise the care, diligence and skill of a reasonably prudent person to minimize the possibility that the Account holds a non Qualified Investment. The Holder shall have the right to appoint the Agent as his or her agent for the purpose of giving investment directions as provided in this paragraph and paragraph 10. 13. Uninvested Cash. Uninvested cash will be placed on deposit with the Trustee or an affiliate of the Trustee. The interest on such cash balances payable to the Account will be determined by the Agent from time to time in its sole discretion with no obligation to pay a minimum amount or rate. The Trustee will pay interest to the Agent for distribution to the Account and the Agent shall credit the Account with appropriate interest. The Trustee shall have no liability for such payment of interest once it is paid to the Agent for distribution. 14. Right of Offset. The Trustee and the Agent shall have no right of offset with respect to the Property in connection with any obligation or debt owed by the Holder to the Trustee or the Agent, other than the Expenses payable by the terms of this Trust Agreement. 15. Pledging. Where the Holder wishes to use his or her interest or right in the Account as security for a loan or other indebtedness, he or she must first advise the Trustee. Where the Holder uses his or her interest or right in the Account as security for a loan or indebtedness, it shall be the sole responsibility of the Holder to ensure: (a) that the terms and conditions of the loan or other indebtedness are terms and conditions that persons dealing at arm’s length with each other would have entered into; and (b) that it can be reasonably be concluded that none of the main purposes for that use is to enable a person (other than the Holder) or a partnership to benefit from the exemption from Taxes of any amount of the Account. The Trustee shall be entitled to rely on the information provided by the Holder, liquidate Property as it deems appropriate with respect to the pledge, and fully recover any legal costs it incurs in this regard as Expenses, and shall be fully discharged with respect to any such liquidation and payment to the creditor of the loan or other indebtedness. 16. Debit Balances. If the Account has a cash deficit, the Holder authorizes the Trustee or the Agent to determine which Property to select and to sell such Property to cover such cash deficit. The Trustee is prohibited from borrowing money or other property for the purposes of the Account. 17. Distributions. Subject to any limit on the frequency of Distributions or to any minimum Distribution requirement identified in the Application or other notice given under the terms of this Trust Agreement, and to the deduction of all Expenses and Taxes, the Holder may, at any time and upon 60 days’ notice or such shorter period as the Agent in its sole discretion permits, request that the Agent liquidate part or all of the Property and pay to the Holder an amount from the Property not exceeding the value held under the Account immediately before the time of payment. No one other than the Holder and the Trustee shall have rights under the Account relating to the amount and timing of Distributions. 18. Designation of Beneficiary. Subject to Applicable Laws and where the Holder has not designated the Survivor or there is no Survivor, the Holder may designate a beneficiary to receive the Proceeds on the Holder’s death. A beneficiary designation may only be made, changed or revoked for the purposes of the Account by the Holder in a format required by the Agent for this purpose. Such designation must adequately identify the Account and be delivered to the Agent prior to any payment by the Agent. The Holder acknowledges that it is his or her sole responsibility to ensure the designation or revocation is valid under the Applicable Laws. 19. Death of Holder (Where There Is a Survivor). Subject to Applicable Laws, upon the death of the Holder where there is a Survivor and where the Survivor has been designated as successor holder for purposes of the Account, and upon the receipt of Estate Documents by the Agent which are satisfactory to the Trustee, the Survivor shall become the Holder, subject to any pledging under paragraph 15. 20. Death of Holder (All Other Cases). Upon the death of the Holder, where there is no Survivor or the Survivor has not been designated as successor holder for purposes of the Account, and upon the receipt of Estate Documents by the Agent which are satisfactory to the Trustee, and subject to paragraph 15: (a) if the Holder has designated a beneficiary in accordance with paragraph 18, the Proceeds will be paid to the designated beneficiary, subject to the Applicable Laws. The Trustee and the Agent will be fully discharged by such payment, even though any beneficiary designation made by the Holder may be invalid as a testamentary instrument; and (b) if the Holder’s designated beneficiary had died before the Holder or if the Holder has not designated a beneficiary, the Trustee will pay the Proceeds to the Holder’s estate. Where multiple beneficiaries have been designated and the Holder has not indicated how the Proceeds are to be shared among them, or if there is such an indication but the shares do not add up to 100%, then the Proceeds shall be divided equally among the beneficiaries designated. If any designated beneficiary predeceases the Holder or dies at the same time as the Holder or in

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TAX-FREE SAVINGS ACCOUNT APPLICATION AND AGREEMENT FORM circumstances rendering it impossible to determine which of the Holder or beneficiary died first, then the remaining beneficiary(ies) is(are) entitled to receive the Proceeds in accordance with the Holder’s wishes. If the Holder has not indicated how the Proceeds are to be shared among the designated beneficiaries, or if there is such an indication but the shares do not add up to 100% of the Proceeds, then the Proceeds allocated to the deceased person(s) will be divided equally among the surviving designated beneficiary(ies). For greater certainty, the share of a deceased person will go in equal portions to the surviving designated beneficiary(ies). 21. Release of Information. The Trustee and the Agent each are authorized to release any information about the Account and the Proceeds, after the Holder’s death, if the Holder has pledged his or her interest or right in the Account as security for a loan or other indebtedness or where there is to be a transfer to the Spouse’s TFSA pursuant to paragraph 29, to either the Holder’s Estate Representative, the creditor or the Spouse, as the Trustee deems advisable. 22. Payment into Court. If there is a dispute about: (a) a payout from the Account or equalization of Property or other dispute arising from a breakdown of the Holder’s marriage or common law partnership; (b) the validity or enforceability of any legal demand or claim against the Property; or (c) the authority of a person or personal representative to apply for and accept receipt of the Proceeds on death of the Holder; the Trustee and the Agent are entitled to either apply to the court for directions or pay the Proceeds into court and, in either case, fully recover any legal costs it incurs in this regard as Expenses from the Account. 23. Limitation of Liability. The Trustee shall not be liable for any loss suffered by the Account, by the Holder or by any Survivor or beneficiary designated for purposes of the Account as a result of the purchase, sale or retention of any investment including any loss resulting from the Trustee acting on the direction of the agent appointed by the Holder to provide investment direction. 24. Indemnity. The Holder agrees to indemnify the Trustee for all compensation, Expenses and Taxes, other than those Taxes for which the Trustee is liable in accordance with the Tax Act and that cannot be charged against or deducted from the Property in accordance with the Tax Act, incurred or owing in connection with the Account to the extent that such compensation, Expenses and Taxes cannot be paid out of the Property. 25. Self-Dealing. The Trustee’s services are not exclusive and, subject to the limitations otherwise provided in this Trust Agreement on the powers of the Trustee, the Trustee may, for any purpose, and is hereby expressly authorized from time to time in its sole discretion to, appoint, employ, invest in, contract or deal with any individual, firm, partnership, association, trust or body corporate, with which it may be directly or indirectly interested or affiliated with, whether on its own account or on the account of another (in a fiduciary capacity or otherwise), and to profit therefrom, without being liable to account therefore and without being in breach of this Trust Agreement. 26. Compensation, Expenses and Taxes. The Trustee and Agent will be entitled to such reasonable fees as each may establish from time to time for services rendered in connection with the Account. All such fees will, unless first paid directly to the Agent, be charged against and deducted from the Property in such manner as the Agent or Trustee determines.

PAGE 13 OF 13 31. Replacement of Trustee. (a) The Trustee may resign by giving such written notice to the Agent as may be required from time to time under the terms of an agreement entered into between the Agent and the Trustee. The Holder will be given at least 30 days prior notice of such resignation. On the effective date of such resignation, the Trustee will be discharged from all further duties, responsibilities, and liabilities under this Trust Agreement, except those incurred before the effective date. The Trustee will transfer all Property, together with all information required to continue the administration of the Property as a tax free savings account under the Applicable Laws, to a successor trustee. (b) The Trustee has agreed to resign upon it being provided with notice in writing by the Agent if the Trustee is satisfied that the successor trustee nominated by the Agent will properly assume and fulfill the Trustee's duties and liabilities hereunder in respect of the administration of the Account. (c) In either event, the Agent shall forthwith nominate a person to replace the Trustee and the resignation of the Trustee shall not take effect until its replacement has been so nominated by the Agent and appointed as successor by the Trustee and approved by Canada Revenue Agency or its successor. Failing the nomination of a replacement by the Agent within 30 days after receipt by it of a notice of resignation, the Trustee shall be entitled to appoint a person as its own replacement. (d) Upon any such appointment and resignation of the Trustee, the person so appointed as replacement trustee shall, without further act or formality, be and become the Trustee hereunder. Such replacement trustee shall, without any conveyance or transfer, be vested with the same power, rights, duties and responsibilities as the Trustee and with the assets of the Account as if the replacement trustee had been the original Trustee. The Trustee shall execute and deliver to the replacement trustee all such conveyances, transfers and further assurances as may be necessary or advisable to give effect to the appointment of the replacement trustee. (e) Any person appointed as a replacement trustee shall be a corporation resident in Canada that is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee. Any trust company resulting from the merger or amalgamation of the Trustee with one or more trust companies and any trust company that succeeds to substantially all of the trust business of the Trustee shall thereupon become the successor to the Trustee without further act or formality. In all such cases, Canada Revenue Agency or its successor shall be notified. 32. Assignment by Agent. The Agent may assign its rights and obligations hereunder to any other corporation resident in Canada authorized to assume and discharge the obligations of the Agent hereunder and under the Applicable Laws. 33. Notice. Any notice given by the Holder to the Agent shall be sufficiently given if delivered electronically to the Agent upon the Holder’s receipt of an acknowledgement and response to same or personally to the office of the Agent where the Account is administered, or if mailed, postage prepaid and addressed to the Agent at such office, and shall be considered to have been given on the day that the notice is actually delivered or received by the Agent.

All Expenses incurred shall be paid from the Account, including Expenses with respect to the execution of third party demands or claims against the Account.

Any notice, statement, receipt or other communication given by the Trustee or the Agent to the Holder shall be sufficiently given if delivered electronically or personally to the Holder, or if mailed, postage prepaid and addressed to the Holder at the address shown on the Application or at the Holder's last address given to the Trustee or the Agent, and any such notice, statement, receipt or other communication shall be considered to have been given at the time of delivery to the Holder electronically or personally or, if mailed, on the fifth day after mailing to the Holder.

All Taxes, other than those Taxes for which the Trustee is liable and that cannot be charged against or deducted from the Property in accordance with the Tax Act, will be charged against and deducted from the Property in such manner as the Agent determines.

34. Date of Birth. The Holder's statement of his or her date of birth in the Application shall be deemed to be a certification as to the Holder's age, on which the Trustee and the Agent may rely, and an undertaking to provide any further evidence of proof of age as may be required by the Agent.

27. Sale of Property. The Trustee and Agent may sell Property in their respective sole discretion for the purposes of paying compensation, Expenses and Taxes, other than those Taxes for which the Trustee is liable in accordance with the Tax Act and that cannot be charged against or deducted from the Property in accordance with the Tax Act.

35. Contribution While Holder is a Minor. Where the Holder makes a Contribution to the Account prior to the Holder having attained the age of majority in accordance with the Applicable Laws, the Holder will execute a ratification of the Application and all transactions made by the Holder in respect of the Account prior to reaching the age of majority.

28. Transfers to the Account. Amounts may be transferred to the Account from another TFSA of the Holder, or of the Spouse or Former Spouse where:

36. SIN and Address of Holder. The Trustee shall be entitled to rely upon the Agent’s records as to the social insurance number, and to the current address of the Holder as establishing his or her residency and domicile for the operation of the Account and its devolution on the death of the Holder subject to any notice to the contrary respecting the Holder’s domicile on death.

(a) the Holder and the Spouse or Former Spouse are living separate and apart and the transfer is made under a decree, order or judgment of a competent tribunal or under a written separation agreement, relating to the division of property between the Holder and the Spouse or Former Spouse in settlement of rights, arising out of, or on the breakdown of, their marriage or common-law partnership; or (b) the Holder is the Spouse’s survivor and the transfer occurs as a result of an exempt contribution (as that term is defined in the Tax Act). 29. Transfers out of the Account. Upon delivery to the Agent of a direction from the Holder in a form satisfactory to the Trustee, the Trustee shall transfer all or a portion of the Property as is specified in the direction: (a) to another TFSA of the Holder; or (b) to a TFSA of the Spouse or Former Spouse where the Holder and the Spouse or Former Spouse are living separate and apart and the transfer is made under a decree, order or judgment of a competent tribunal or under a written separation agreement, relating to the division of property between the Holder and the Spouse or Former Spouse in settlement of rights, arising out of, or on the breakdown of, their marriage or common-law partnership. 30. Changes to Trust Agreement. The Trustee may change this Trust Agreement periodically. The Holder will be notified on how to obtain an amended copy of the Trust Agreement reflecting any such change and will be deemed to have accepted such changes. No change to this Trust Agreement (including a change calling for the Trustee’s resignation as trustee or the termination of the trust created by this Trust Agreement) will be retroactive or result in the Account not being acceptable as a TFSA under the Applicable Laws.

37. Heirs, Representatives and Assigns. The terms of this Trust Agreement shall be binding upon the heirs, Estate Representatives, attorneys, committees, guardians of property, other legal and personal representatives, and assigns of the Holder and upon the respective successors and assigns of the Trustee and the Agent and their directors, officers, employees, and agents, as well as their respective estates, Estate Representatives, heirs, attorneys, committees, guardians of property, other legal and personal representatives, and assigns. 38. Language. The Holder has expressly requested that this Trust Agreement and all related documents, including notices, be in the English language. Le titulaire a expressément demandé que cette Convention de fiducie et tous documents y afférents, y compris tout avis, soient rédigés en langue anglaise. (Quebec only/Québec seulement) 39. Interpretation. Unless the context requires otherwise, any terms or provisions importing the plural shall include the singular and vice versa. 40. Governing Law. This Trust Agreement and the Account shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein. The Holder expressly agrees that any action arising out of or relating to this Trust Agreement or the Account shall be filed only in a court located in Canada and the Holder irrevocably consents and submits to the personal jurisdiction of such court for the purposes of litigating of any such action. TFSA Trust Agreement – July 2012

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