Common use of Joint Subscribers Clause in Contracts

Joint Subscribers. Each Subscriber must sign a copy of this Subscription Agreement and provide appropriate proof of identification. You hereby confirm that the Shares are to be held by each of you as joint tenants and not as tenants in common (except in Quebec, where joint Subscribers must hold Shares as tenants in common) and we are hereby authorized to take orders from either of you alone. Unless you both instruct us differently, (i) allocations for tax purposes will be made to each of you in equal amounts (except in Quebec, where allocations will be made in the agreed percentage), and (ii) distributions of profit and capital (including the payment of retraction proceeds) will be made and paid to the order of all joint holders (if paid by cheque) or to the account from which wire payment for the subscription for Shares was received.