Common use of Operation of the Account Clause in Contracts

Operation of the Account. BMO InvestorLine has the right to determine in its discretion whether or not any order for Transactions in Securities for the BMO InvestorLine Account is acceptable and whether to execute such order. BMO InvestorLine may restrict trading in the BMO InvestorLine Account at any time at its sole discretion. Subject to the provisions of Part C, BMO InvestorLine will promptly credit to the Bank Account any dividends, interest and capital distributions on or in respect of Securities held in the BMO InvestorLine Account, which are paid by cheque, cash, electronic transfer or other immediately available funds, and any monies (net of all the fees, charges and taxes) received as proceeds from Transactions in Securities held in the BMO InvestorLine Account. The Client acknowledges that the relationship between the Client and BMO InvestorLine and Bank of Montreal with respect to the Bank Account is one of debtor and creditor only. Neither BMO InvestorLine nor the Bank shall be responsible to the Client for any failure of either of them to credit, or any delay by either of them in crediting, any amount to the Bank Account. BMO InvestorLine will promptly debit to the Bank Account any commissions, fees, charges and taxes and other amounts owed by the Client to BMO InvestorLine from time to time, including any interest thereon. The Client acknowledges that BMO InvestorLine may notify the Bank at any time and from time to time to place a “hold funds” order against the Bank Account in respect of the amount of any purchase transactions, short sales, uncleared deposits and any such commissions, fees, charges and taxes, and the Client agrees that the Bank may act on any such notification. BMO InvestorLine will maintain a record of receipts and deliveries of Securities and the Client’s resulting positions in the BMO InvestorLine Account and of credits and debits to the Bank Account initiated by BMO InvestorLine. As BMO InvestorLine offers Canadian and US currency denominated registered accounts (excluding Registered Education Savings Plans), any non US foreign currency deposited into a registered account, including dividends, interest and proceeds from the sale of foreign securities, will be converted into Canadian funds or US funds depending on the side of the account the security is held, and BMO InvestorLine (or parties related to us) may earn revenue from the foreign currency conversion. The Client acknowledges that BMO InvestorLine may, in its sole discretion at any time and from time to time, vary or limit the scope of products made available to the Client for Transactions executed for the Account. In addition, for certain products, BMO InvestorLine may, in its sole discretion at any time and from time to time, only make available to the Client those products issued by a member of the BMO Financial Group.

Operation of the Account. BMO InvestorLine has the right to determine in its discretion whether or not any order for Transactions in Securities for the BMO InvestorLine Account is acceptable and whether to execute such order. BMO InvestorLine may restrict trading in the BMO InvestorLine Account at any time at its sole discretion. Subject to the provisions of Part C, BMO InvestorLine will promptly credit to the Bank Account any dividends, interest and capital distributions on or in respect of Securities held in the BMO InvestorLine Account, which are paid by cheque, cash, electronic transfer or other immediately available funds, and any monies (net of all the fees, charges and taxes) received as proceeds from Transactions in Securities held in the BMO InvestorLine Account. These credits will be viewable to clients online the day after receipt by BMO InvestorLine, or as soon as practicable depending on the nature of the Transactions. Any dividends received in respect of Securities held in the Investment Account will only be credited through a cash payment, even if the issuer of the dividend payment offers a stock dividend payment option. The Client acknowledges that the relationship between the Client and BMO InvestorLine and Bank of Montreal with respect to the Bank Account is one of debtor and creditor only. Neither BMO InvestorLine nor the Bank shall be responsible to the Client for any failure of either of them to credit, or any delay by either of them in crediting, any amount to the Bank Account. BMO InvestorLine will promptly debit to the Bank Account any commissions, fees, charges and taxes and other amounts owed by the Client to BMO InvestorLine from time to time, including any interest thereon. The Client acknowledges that BMO InvestorLine may notify the Bank at any time and from time to time to place a “hold funds” order against the Bank Account in respect of the amount of any purchase transactions, short sales, uncleared deposits and any such commissions, fees, charges and taxes, and the Client agrees that the Bank may act on any such notification. BMO InvestorLine will maintain a record of receipts and deliveries of Securities and the Client’s resulting positions in the BMO InvestorLine Account and of credits and debits to the Bank Account initiated by BMO InvestorLine. As BMO InvestorLine offers Canadian and US currency denominated registered accounts (excluding Registered Education Savings Plans), any non US foreign currency deposited into a registered account, including dividends, interest and proceeds from the sale of foreign securities, will be converted into Canadian funds or US funds depending on the side of the account the security is held, and BMO InvestorLine (or parties related to us) may earn revenue from the foreign currency conversion. The Client acknowledges that BMO InvestorLine may, in its sole discretion at any time and from time to time, vary or limit the scope of products made available to the Client for Transactions executed for the Account. In addition, for certain products, BMO InvestorLine may, in its sole discretion at any time and from time to time, only make available to the Client those products issued by a member of the BMO Financial Group.