Common use of Sources of Funds Clause in Contracts

Sources of Funds. Cash, mutual funds or other investments transferred to the Plan must be qualified investments within the meaning of the applicable tax legislation. All amounts transferred to your Scotia Self-Directed RIF must come from: • another RRIF or RRSP you own; • an RRSP or RRIF of which your spouse or former spouse is an owner, as part of a judgement of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • another RRIF, RRSP or registered pension plan if the money is an amount described in subparagraph 60(l) (v) of the Tax Act; • a specified pension plan in the circumstances permitted by subsection 146 (21) of the Tax Act; or • other sources that may be permitted from time to time by the applicable tax legislation. Where required, a transfer from a registered pension plan to a RIF as a result of the death of your spouse must not include any amount that is actuarial surplus. All amounts transferred into your Scotia Self-Directed LIF, LRIF, Saskatchewan PRRIF or Federal RLIF must be locked-in, meaning that your access to them is restricted by applicable pension legislation and must comply with applicable tax legislation. Funds transferred to your Scotia Self-Directed LIF, LRIF or Saskatchewan PRRIF must come from: • a registered pension plan of which you are a member or former member; • an LRSP or LIRA you own; • a registered pension plan, LRSP, LIRA or LIF of which your former spouse is a member, former member or owner as part of a judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • a registered pension plan of which your spouse was a member, as a result of the death of your spouse; • other sources that may be permitted as stipulated in paragraph 146.3 (2) (f) of the Tax Act from time to time; • a specified pension plan in the circumstances permitted by subsection 146 (21) of the Tax Act; • if you hold a Scotia Self-Directed LIF, another LIF you own or, if allowed under applicable pension legislation, from a LRIF you own; • if you hold a Scotia Self-Directed LRIF, another LRIF you own or, if allowed under applicable pension legislation, from a LIF you own; or • if you hold a Scotia Self-Directed LIF or LRIF, an LRSP, LIRA, registered pension plan, or a LIF or LRIF, as may be allowed under applicable pension legislation, under the circumstances described in subparagraph 60(l)(v) of the Tax Act. A transfer to your Scotia Self-Directed LIF or LRIF from a registered pension plan of which you are a member or former member or from an LRSP or LIRA that you own may require the written consent of your spouse. Scotia iTRADE® (Order-Execution Only Accounts) is a division of Scotia Capital Inc. (“SCI”). SCI is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions. 897 3717 (06/16) ®Registered trademark of The Bank of Nova Scotia. Used under license. Declaration of Trust (continued)

Sources of Funds. Cash, mutual funds or other investments transferred to the Plan must be qualified investments within the meaning of the applicable tax legislation. All amounts transferred to your Scotia Self-Directed RIF RSP must come from: • another RRSP or RRIF or RRSP you own; • an a RRSP or RRIF of which your spouse or former spouse is an owner, as part of a judgement judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • another RRIFRRSP, RRSP RRIF or registered pension plan if the money is an amount described in subparagraph 60(l60 (1) (v) of the Tax Act; • a specified provincial pension plan in the circumstances permitted by subsection 146 (21) of the Tax Act; or • other sources that may be permitted from time to time by the applicable tax legislation. Where required, a transfer from a registered pension plan to a RIF as a result of the death of your spouse must not include any amount that is actuarial surplus. All amounts transferred into your Scotia Self-Directed LIFLRSP, LRIF, Saskatchewan PRRIF LIRA or Federal RLIF RLSP must be locked-in, meaning that your access to them is restricted by applicable pension legislation and must comply with applicable tax legislation. Funds transferred to your Scotia Self-Directed LIF, LRIF or Saskatchewan PRRIF LRSP must come from: • another LRSP or LIF you own; • a registered pension plan of which you are a member or former member; • an LRSP or LIRA you own; • a registered pension plan, LRSP, LIRA LRSP or LIF of which your spouse or former spouse is a member, former member or owner owner, as part of a judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • a registered pension plan of which your spouse was a member, as a result of the death of your spouse; • other sources that may be permitted as stipulated another LRSP, LIF or registered pension plan under the circumstances described in paragraph 146.3 subparagraph 60 (21) (f) of the Tax Act from time to time; • a specified pension plan in the circumstances permitted by subsection 146 (21v) of the Tax Act; or • if you hold a Scotia Self-Directed LIFan immediate or deferred life annuity, another LIF you own or, if allowed under applicable pension legislation, the capital of which originates from a registered pension plan. Funds transferred to your Scotia LIRA must come from: • another LIRA, LRSP, LRIF or LIF you own; • if you hold a Scotia Self-Directed LRIF, another LRIF you own or, if allowed under applicable pension legislation, from a LIF you own; or • if you hold a Scotia Self-Directed LIF or LRIF, an LRSP, LIRA, registered pension plan, or a LIF or LRIF, as may be allowed under applicable pension legislation, under the circumstances described in subparagraph 60(l)(v) of the Tax Act. A transfer to your Scotia Self-Directed LIF or LRIF from a registered pension plan of which you are a member or former member; • a registered pension plan, LIRA, LRSP, LRIF or LIF of which your spouse or former spouse is a member, former member or from an LRSP owner, as part of a judgment of a competent tribunal or LIRA that you own may require written separation agreement relating to the written consent division of property following marriage breakdown; • a registered pension plan of which your spouse was a member, as a result of the death of your spouse. Scotia iTRADE® ; • another LIRA, LRSP, LRIF, LIF or registered pension plan under the circumstances described in subparagraph 60 (Order-Execution Only Accounts) is a division of Scotia Capital Inc. (“SCI”1). SCI is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions. 897 3717 (06/16) ®Registered trademark of The Bank of Nova Scotia. Used under license. Declaration of Trust (continued)

Sources of Funds. Cash, mutual funds or other investments transferred to the Plan must be qualified investments within the meaning of the applicable tax legislation. All amounts transferred to your Scotia Self-Directed RIF RSP must come from: • another RRSP or RRIF or RRSP you own; • an RRSP or RRIF of which your spouse or former spouse is an owner, as part of a judgement judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • another RRIFRRSP, RRSP RRIF or registered pension plan if the money is an amount described in subparagraph 60(l60 (l) (v) of the Tax Act; • a specified pension plan in the circumstances permitted by subsection 146 (21) of the Tax Act; or • other sources that may be permitted from time to time by the applicable tax legislation. Where required, a transfer from a registered pension plan to a RIF as a result of the death of your spouse must not include any amount that is actuarial surplus. All amounts transferred into your Scotia Self-Directed LIFLRSP, LRIF, Saskatchewan PRRIF LIRA or Federal RLIF RLSP must be locked-in, meaning that your access to them is restricted by applicable pension legislation and must comply with applicable tax legislation. Funds transferred to your Scotia Self-Directed LIF, LRIF or Saskatchewan PRRIF LRSP must come from: • another LRSP or LIF you own; • a registered pension plan of which you are a member or former member; • an LRSP or LIRA you own; • a registered pension plan, LRSP, LIRA LRSP or LIF of which your spouse or former spouse is a member, former member or owner owner, as part of a judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • a registered pension plan of which your spouse was a member, as a result of the death of your spouse; • other sources that may be permitted as stipulated another LRSP, LIF or registered pension plan under the circumstances described in paragraph 146.3 subparagraph 60 (2l) (f) of the Tax Act from time to time; • a specified pension plan in the circumstances permitted by subsection 146 (21v) of the Tax Act; or • if you hold a Scotia Self-Directed LIFan immediate or deferred life annuity, another LIF you own or, if allowed under applicable pension legislation, the capital of which originates from a LRIF you own; • if you hold a Scotia Self-Directed LRIF, another LRIF you own or, if allowed under applicable pension legislation, from a LIF you own; or • if you hold a Scotia Self-Directed LIF or LRIF, an LRSP, LIRA, registered pension plan, or a LIF or LRIF, as may be allowed under applicable pension legislation, under the circumstances described in subparagraph 60(l)(v) of the Tax Act. A transfer Funds transferred to your Scotia Self-Directed LIRA must come from: • another LIRA, LRSP, LRIF or LIF or LRIF from you own; • a registered pension plan of which you are a member or former member or from an LRSP or LIRA that you own may require the written consent of your spouse. member; 897 1218 (06/16) Scotia iTRADE® (Order-Execution Only Accounts) is a division of Scotia Capital Inc. (“SCI”). SCI is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions. 897 3717 (06/16) ®Registered trademark of The Bank of Nova Scotia. Used under license. Declaration • a registered pension plan, LIRA, LRSP, LRIF or LIF of Trust which your spouse or former spouse is a member, former member or owner, as part of a judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • a registered pension plan of which your spouse was a member, as a result of the death of your spouse; • another LIRA, LRSP, LRIF, LIF or registered pension plan under the circumstances described in subparagraph 60 (continued)l) (v) of the Tax Act; • an immediate or deferred life annuity, the capital of which originates from a registered pension plan; • a specified pension plan in the circumstances permitted by subsection 146 (21) of the Tax Act; or • any other source that may be permitted by the applicable tax and pension legislation.

Sources of Funds. Cash, mutual funds or other investments transferred to the Plan must be qualified investments within the meaning of the applicable tax legislation. All amounts transferred to your Scotia Self-Directed RIF RSP must come from: • another RRSP or RRIF or RRSP you own; • an RRSP or RRIF of which your spouse or former spouse is an owner, as part of a judgement judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • another RRIFRRSP, RRSP RRIF or registered pension plan if the money is an amount described in subparagraph 60(l60 (l) (v) of the Tax Act; • a specified pension plan in the circumstances permitted by subsection 146 (21) of the Tax Act; or • other sources that may be permitted from time to time by the applicable tax legislation. Where required, a transfer from a registered pension plan to a RIF as a result of the death of your spouse must not include any amount that is actuarial surplus. All amounts transferred into your Scotia Self-Directed LIFLRSP, LRIF, Saskatchewan PRRIF LIRA or Federal RLIF RLSP must be locked-in, meaning that your access to them is restricted by applicable pension legislation and must comply with applicable tax legislation. Funds transferred to your Scotia Self-Directed LIF, LRIF or Saskatchewan PRRIF LRSP must come from: • another LRSP or LIF you own; • a registered pension plan of which you are a member or former member; • an LRSP or LIRA you own; • a registered pension plan, LRSP, LIRA LRSP or LIF of which your spouse or former spouse is a member, former member or owner owner, as part of a judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • a registered pension plan of which your spouse was a ® Registered trademark of The Bank of Nova Scotia, used under licence. ™ Trademark of The Bank of Nova Scotia, used under licence. Scotia Wealth Management™ consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank®); The Bank of Nova Scotia Trust Company (Scotiatrust®); Private Investment Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod®, a division of Scotia Capital Inc. Wealth advisory and brokerage services are provided by ScotiaMcLeod, a division of Scotia Capital Inc. Estate and trust services are provided by The Bank of Nova Scotia Trust Company. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. 8977119 (11/15) Declaration of Trust (continued) member, as a result of the death of your spouse; • another LRSP, LIF or registered pension plan under the circumstances described in subparagraph 60 (l) (v) of the Tax Act; or • an immediate or deferred life annuity, the capital of which originates from a registered pension plan. Funds transferred to your Scotia Self-Directed LIRA must come from: • another LIRA, LRSP, LRIF or LIF you own; • a registered pension plan of which you are a member or former member; • a registered pension plan, LIRA, LRSP, LRIF or LIF of which your spouse or former spouse is a member, former member or owner, as part of a judgment of a competent tribunal or written separation agreement relating to the division of property following marriage breakdown; • a registered pension plan of which your spouse was a member, as a result of the death of your spouse; • other sources that may be permitted as stipulated another LIRA, LRSP, LRIF, LIF or registered pension plan under the circumstances described in paragraph 146.3 subparagraph 60 (2l) (fv) of the Tax Act Act; • an immediate or deferred life annuity, the capital of which originates from time to timea registered pension plan; • a specified pension plan in the circumstances permitted by subsection 146 (21) of the Tax Act; or • if you hold a Scotia Self-Directed LIF, another LIF you own or, if allowed under any other source that may be permitted by the applicable tax and pension legislation, from a LRIF you own; • if you hold a Scotia Self-Directed LRIF, another LRIF you own or, if allowed under applicable pension legislation, from a LIF you own; or • if you hold a Scotia Self-Directed LIF or LRIF, an LRSP, LIRA, registered pension plan, or a LIF or LRIF, as may be allowed under applicable pension legislation, under the circumstances described in subparagraph 60(l)(v) of the Tax Act. A transfer to your Scotia Self-Directed LIF or LRIF from a registered pension plan of which you are a member or former member or from an LRSP or LIRA that you own may require the written consent of your spouse. Scotia iTRADE® (Order-Execution Only Accounts) is a division of Scotia Capital Inc. (“SCI”). SCI is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions. 897 3717 (06/16) ®Registered trademark of The Bank of Nova Scotia. Used under license. Declaration of Trust (continued).