Accounts and Services Agreement and Disclosures

In consideration of National Bank Financial Inc. (“NBF”), through its NBIN division (“NBIN” or the “Carrying Broker”) and the Introducing Broker as defined in the Client Account Application Form (collectively, the “Brokers”) agreeing to operate, open or maintain any account or accounts (individually or collectively, the “Account”) for yourself (the “Client” or “You”) for the purchase or sale of, or otherwise dealing in (collectively, “Transactions”) securities (including without limitation shares, bonds, debentures, notes, warrants, rights, options, commodities, commodity futures contracts and commodity futures options) (collectively, “Securities”), whether or not on margin and whether or not as a short sale, the Client agrees with, represents and acknowledges to the Brokers as follows:

This Agreement is applicable to registered and non‑registered accounts. Non-registered accounts include cash accounts, margin accounts (accounts with borrowing privileges), margin short accounts and accounts with options trading. Registered accounts include Registered Retirement Savings Plans (RRSP), Registered Retirement Income Funds (RRIF), Registered Education Savings Plans (RESP), Registered Disability Savings Plans (RDSP), Tax-Free Savings Accounts (TFSA) and First Home Savings Account (FHSA).