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CIBC Mutual Funds Booklet Containing Account Agreement and Disclosures CIBC Mutual Funds Account Agreement and Disclosures Booklet

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CIBC Mutual Funds Booklet Containing Account Agreement and Disclosures CIBC Mutual Funds Account Agreement and Disclosures Booklet CIBC Securities Inc. CIBC Mutual Funds Booklet Containing Account Agreement and Disclosures CIBC Mutual Funds Account Agreement and Disclosures Booklet CIBC Mutual Funds Account Agreement Thank you for choosing CIBC Securities Inc. This Agreement explains how your CIBC Mutual Funds Account works and tells you about our various policies. If you have any questions about this Agreement or your Account, please call 1-888-723-8881. TERMS USED IN THIS AGREEMENT money to or from your Account or your bank Account refers to each of your CIBC Mutual Fund account. accounts with CIBC Securities Inc. Trustee refers to CIBC Trust Corporation. Agreement refers to this CIBC Mutual Funds Account We, our and us refers to CIBC Securities Inc. Agreement. You, your and yours refers to each client who signed Application refers to the CIBC Mutual Funds account an Application. application form you signed to open your Account. CUSTOMER AGREEMENT CIBC refers to Canadian Imperial Bank of Commerce. In exchange for CIBC Securities Inc. providing you CIBC advisor refers to the CIBC Securities Inc. with the Services and opening an Account, you representative whom you deal with. understand and agree as follows: CIBC Group means collectively CIBC and its Canadian affiliates that offer deposits, loans, mutual funds, General securities trading, portfolio management, investment This Agreement applies to all of your Accounts with counseling, mortgages, credit cards, trust services, us. Additional terms and conditions may also be and insurance and other products or services; outlined in the Application, and you agree to be Declaration of Trust means the declaration of trust bound by those terms and conditions as well as this governing a Registered Plan. Agreement. By signing the Application, you confirm Estate Representative means the person or persons that the information you provided to us is true, who has or have demonstrated your death and that complete, and accurate, and you agree to the terms such person or persons is or are the legal personal set out in the Agreement. representative of your estate, with evidence We exclusively recommend or purchase on your satisfactory to us (which may include letters probate behalf mutual funds offered by CIBC or its affiliates, or other court documentation). including the CIBC Mutual Funds and Family of Fund and Funds refer to CIBC Mutual Funds and CIBC Portfolios, the Renaissance Investments Family of Family of Portfolios, the Renaissance Investments Funds, the Axiom Portfolios, and other mutual funds Family of Funds, the Axiom Portfolios or other from time to time (the “Funds”). CIBC or its affiliate mutual funds offered by CIBC Securities Inc. from is the investment fund manager and portfolio time to time. manager of the Funds. Related Party means CIBC and any other related Age and Affiliation party as defined by the Securities Act (Ontario). For You confirm that you have reached the age of the purposes of this Agreement, a related party majority. In addition, unless you have advised us includes CIBC Securities Inc., CIBC World Markets Inc., otherwise and provided the necessary CIBC World Markets Corp., CIBC Asset Management documentation, you confirm that you are not Inc., CIBC Trust Corporation, CIBC Investor Services employed by an entity that prohibits you from Inc., CIBC Mellon Trust Company, CIBC Mellon Global opening an Account with us, unless you have Securities Services Company, and any subsidiaries and obtained all approvals necessary to open or operate affiliates of these firms. an Account with us. If your current situation changes, Registered Plan refers to a registered retirement you will notify us immediately and obtain any savings plan (RRSP) and a registered retirement necessary approvals. income fund (RRIF) established with the Trustee. Securities refers to Fund units, guaranteed How We Will Hold Your Assets investment certificates and any other securities that As registrar, CIBC keeps a register of the unitholders are held in your Account from time to time. of each Fund. Securities held for your non-Registered Service(s) refers to the financial, investment, or Plan Account are recorded on the books of the ancillary services offered by CIBC Securities Inc. applicable Fund or issuer in your name. Securities Trading Instructions refers to instructions from you and other assets held for your Registered Plan or your authorized representative relating to the Account are held by the Trustee on your behalf, in purchase, sale, or switch of any securities (e.g., Fund trust, separate from other assets of the Trustee. units) or any related matter including the transfer of 1 ABOUT YOUR ACCOUNT We do not have to ask about the reason for any such Registered Plan Accounts instructions or their propriety, or find out how such You understand that Registered Plans are governed property will be used or distributed. We reserve the by the applicable Declaration of Trust and, if your right to restrict activity at any time in the Account or Account is a Registered Plan, you have read and to require joint written instructions to perform any understood this document. To the extent that there activity (including without limitation trading, is any conflict between this Agreement and the transfers, or withdrawals) by all of you for any Declaration of Trust, the Declaration of Trust reason, in our sole discretion. A legal representative governs. You understand that you are required to appointed in respect of any joint Accountholder provide your social insurance number when you open (including, but not limited to, an attorney appointed a Registered Plan Account. If you do not, the Canada under a power of attorney, or an estate Revenue Agency may refuse to register your Account, representative of a deceased joint accountholder) in which case you consent to the closing of your will have the same rights, responsibilities, and Account. You are responsible for (i) ensuring that all obligations under this Agreement as such joint investments in your Registered Plan Account are accountholder, unless we determine otherwise in our qualified investments; (ii) any tax consequences of sole discretion. The legal ownership of the Account your investment, contribution, and withdrawal shall be in such form as you have designated on the decisions; and (iii) taxes and penalties payable in Application. respect of your Account. If any one of you dies, the survivor(s) must immediately notify us in writing. We are authorized Non-Registered Plan Accounts to take such steps or require such documentation If you hold units of a Fund in a non-Registered Plan (including but not limited to a certified copy of the Account, you understand that you are responsible for death certificate, a letter or direction, and notarized including in your annual income any income and copy of the letters probate or other court capital gains from your investments. Different types documentation) or restrict transactions in the of income are taxed at different rates. You also Account as we deem prudent or advisable. We are agree that we have no responsibility to observe the authorized, prior to receipt of written notice of the terms of any trust or agency, whether written, death of one of you, to execute orders and deal with verbal, implied or constructive, that may exist the Account as though the death had not occurred. between you and the beneficiary or beneficiaries, The deceased’s estate shall remain liable, jointly and including, without limitation, for ensuring that severally (in Quebec, solidarily) with the rest of you, investments comply with the investment restrictions for any debit balance or other liabilities in in any trust documentation or legislation governing connection with the Account. investments made by trusts. After the death of any of you, on request of the Optional Services Estate Representative of the deceased joint owner, You may receive certain optional Services such as the We will provide the Estate Representative with any Regular Investment Plan, Systematic Withdrawal documents and other information about the Account Plan, and the Income Reinvestment Plan. You are that the deceased owner would have been entitled subject to the terms of such Services that are to while alive, for an Account that is joint with right described in the applicable Funds’ simplified of survivorship, up to and including the date of prospectus. death, for any other joint account, as long as the JOINT ACCOUNTS Estate Representative has rights to the Account. This Joint accounts are not possible for, and this section includes, among other things, Account forms, does not apply to, Accounts within RRSPs and RRIFs. correspondence, transactions, statements, vouchers, Otherwise, this section applies if there are joint and balances. Account holders. JOINT TENANCY WITH RIGHT OF SURVIVORSHIP Each of you is jointly and severally liable (in Quebec, (NOT applicable in the Province of Quebec) solidarily liable) for the Account obligations and any Property in joint accounts is subject to a right of loss, claim, damage, expense, or liability arising from survivorship and the following terms apply, unless this Agreement or any authorization, promise or you reside in Quebec, or opened your Account using instruction that any of you gives to us. an Application form dated 1994 or earlier, or we The following terms apply in addition to those otherwise agreed to designate the Account as a otherwise set out in the Agreement. You authorize tenants in common Account at the time of opening us to act upon instructions of any Account holder the Account: concerning the joint Account. We may do so even if • All of you assign the money and Securities in the the instructions require us to deliver all money, Account, and all income and interest earned on interest, income, dividends, Securities, and other them, to all of you; property to an individual holder and not to all of them together.
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