Common use of TERMS AND CONDITIONS OF THE COVERED BONDS Clause in Contracts

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable Bank (the “Bank” or the “Issuer”) as part of the Issuer’s CAD 3 billion global legislative covered bond programme (the “Programme”) and constituted by a trust deed initially dated as of the Programme Date and as amended and restated on 19 September 2022 and as further amended by a first amending agreement dated on 29 September 2023 and by a second amending agreement dated 31 October 2024 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. Bond This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable National Bank of Canada (the “Bank” or ”, the “Issuer” or “NBC”) as part of the Issuer’s CAD 3 15 billion legislative global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially Trust Deed dated as of the Programme Date and Date, as amended and restated on 19 27 September 2022 2018, and as further amended by a first amending agreement dated on 29 September 2023 5 July 2019 and by a second amending agreement dated 31 October 2024 9 July 2019 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB NBC Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed supplemented, amended and/or replaced by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. Bond This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable HSBC Bank Canada (the “Bank” or ”, the “Issuer” or “HSBC”) as part of the Issuer’s CAD 3 3.5 billion legislative global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially Trust Deed dated the Programme Date, as amended as of the Programme Date and as amended and restated on 19 September 2022 and as further amended by a first amending agreement dated on 29 September 2023 and by a second amending agreement dated 31 October 2024 November 7, 2018 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB HSBC Canadian Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The With the exception of N Covered Bonds, the following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, will (as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds or, in the case of Exempt Covered Bonds only, supplemented, amended and/or replaced by a Pricing Supplement in relation to any Tranche of Exempt Covered Bonds, ) apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms or Pricing Supplement (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable The Toronto-Dominion Bank (the “BankIssuer” or the “IssuerBank”) as part of the Issuer’s CAD 3 40 billion global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially dated as of the Programme Date and as most recently amended and restated on 19 September 2022 as of 14 July 2016 and as further amended by a first amending agreement dated on 29 as of 7 September 2023 and by a second amending agreement dated 31 October 2024 2017 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB TD Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The With the exception of N Covered Bonds, the following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, will (as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds or, in the case of Exempt Covered Bonds only, supplemented, amended and/or replaced by a Pricing Supplement in relation to any Tranche of Exempt Covered Bonds, ) apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms or Pricing Supplement (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable The Toronto-Dominion Bank (the “BankIssuer” or the “IssuerBank”) as part of the Issuer’s CAD 3 80 billion global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially dated as of the Programme Date and as most recently amended and restated on 19 September 2022 as of 5 July 2019 and as further amended by a first amending agreement dated on 29 September 2023 30 June 2020 and by a second amending agreement dated 31 October 2024 on 30 June 2021 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB TD Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed supplemented, amended and/or replaced by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable HSBC Bank Canada (the “Bank” or the “Issuer”) as part of the Issuer’s CAD 3 10 billion global legislative covered bond programme (the “Programme”) and constituted by a trust deed initially dated as of the Programme Date and as most recently amended and restated on 19 as of 17 September 2022 2020 and as further amended by a first amending agreement dated on 29 September 2023 and by a second amending agreement dated 31 6 October 2024 2021 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB HSBC Canadian Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable Canadian Imperial Bank of Commerce (the “Issuer” or the “Bank” or the “IssuerCIBC”) as part of the Issuer’s CAD 3 25 billion global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially dated as of the Programme Date and as an amended and restated Trust Deed dated 21 June 2016, as amended on 19 September 2022 20 June 2017, on 22 December 2017 and as further amended by a first amending agreement dated on 29 September 2023 and by a second amending agreement dated 31 October 2024 18 June 2018 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB CIBC Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable Canadian Imperial Bank of Commerce (the “Issuer” or the “Bank” or the “IssuerCIBC”) as part of the Issuer’s CAD 3 20 billion global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially dated as of the Programme Date and as an amended and restated on 19 September 2022 and as further amended by a first amending agreement Trust Deed dated on 29 September 2023 and by a second amending agreement dated 31 October 2024 21 June 2016 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB CIBC Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The With the exception of N Covered Bonds, the following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, will (as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds or, in the case of Exempt Covered Bonds only, supplemented, amended and/or replaced by a Pricing Supplement in relation to any Tranche of Exempt Covered Bonds, ) apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms or Pricing Supplement (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable The Toronto-Dominion Bank (the “BankIssuer” or the “IssuerBank”) as part of the Issuer’s CAD 3 50 billion global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially dated as of the Programme Date and as most recently amended and restated on 19 September 2022 as of 14 July 2016 and as further amended by a first amending agreement dated on 29 as of 7 September 2023 2017 and by a second amending agreement dated 31 October 2024 27 July 2018 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB TD Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable Canadian Imperial Bank of Commerce (the “Issuer” or the “Bank” or the “IssuerCIBC”) as part of the Issuer’s CAD 3 20 billion global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially Trust Deed dated as of the Programme Date and Date, as amended on June 27, 2014, on December 23, 2014 and restated on 19 September 2022 and as further amended by a first amending agreement dated on 29 September 2023 and by a second amending agreement dated 31 October 2024 June 24, 2015 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB CIBC Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed supplemented, amended and/or replaced by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable Laurentian Bank of Canada (the “Bank” or ”, the “Issuer” or “LBC”) as part of the Issuer’s CAD 3 2 billion global legislative covered bond Covered Bond programme (the “Programme”) and constituted by a trust deed initially Trust Deed dated as of the Programme Date and Date, as amended and restated on 19 September 2022 and as further a amended by a first amending agreement dated on 29 September 2023 and by a second amending agreement dated 31 October 2024 April 7, 2022 (such trust deed as may be further amended, restated, supplemented or replacedreplaced from time to time, the “Trust Deed”) made between the Issuer, EQB LBC Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).

TERMS AND CONDITIONS OF THE COVERED BONDS. The following are the terms and conditions of the Covered Bonds (the “Terms and Conditions” or the “Conditions”) which will, as completed by the applicable Final Terms in relation to a Tranche of Covered Bonds, apply to each Registered Global Covered Bond and each Registered Definitive Covered Bond, in the latter case only if permitted by the relevant stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if not so permitted and agreed, such Registered Definitive Covered Bond will have endorsed thereon or attached thereto such Terms and Conditions. The applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each Registered Global Covered Bond and Registered Definitive Covered Bond. This Covered Bond is one of a Series (as defined below) of Covered Bonds issued by Equitable Bank (the “Bank” or the “Issuer”) as part of the Issuer’s CAD 3 billion global legislative covered bond programme (the “Programme”) and constituted by a trust deed initially dated as of the Programme Date and as amended and restated on 19 September 2022 and as further amended by a first amending agreement dated on 29 September 2023 and by a second amending agreement dated 31 October 2024 (such trust deed as may be further amended, restated, supplemented or replaced, the “Trust Deed”) made between the Issuer, EQB Covered Bond (Legislative) Guarantor Limited Partnership, as guarantor (the “Guarantor”) and Computershare Trust Company of Canada, as bond trustee (in such capacity, the “Bond Trustee” which expression shall include any successor as bond trustee).