Amendments and Termination. This Agreement may be amended at any time by the Firm if the Firm gives you notice of the amendment, provided that the Firm will provide you with sixty (60) days’ prior notice for any increases to the fees set out in the WSII Fee Schedule. The first transaction in your Account following notification of an amendment to this Agreement will be deemed to be your acceptance of the amendment as of the effective date set out in the notice. For greater clarity, any future changes to the WSII Fee Schedule will not affect the fees payable for your Managed Account, such fees to be governed solely by the provisions of your Discretionary Management Agreement with WSI (if applicable). This Agreement will continue in force until terminated by you as acknowledged in writing by an officer of the Firm or until written notice of termination by the Firm has been transmitted to you. The Firm may, at its sole discretion, terminate your Account agreement(s) and(i) require that you close or transfer your Account(s) to another broker within a limited time set by the Firm, and/or (ii) without notice to you, deliver the assets to you or liquidate your Account(s), pay all outstanding payments owed to us, and Wealthsimple Affiliates and forward the net balance, if any, to you. The liquidation of your Account(s) may have significant financial consequences for you, including tax consequences, for which you will be solely liable. You agree that we are not liable to you regarding the termination, closure, transfer or liquidation of your Account(s). In the event that your Account remains inactive and has no assets or balances owing in the Account for a period of at least one year, we may close your Account and terminate your Account agreement(s) with us, without prior notice to you. You agree that you will not assign this Agreement or the Account. We may assign the agreement or Account to another party, including a company associated or affiliated with us, after notice to you.
