Refer a friend

If you ("Referring Friend") choose to refer our services to your friends (each, a "Referred Friend"), we will indicate in our communication to your Referred Friend that we are contacting the Referred Friend as a result of your referral and that you will be eligible to (i) receive a referral fee of $50 or $100 (depending on the amount funded in the Referred Friend(s)' account(s)) from Scotia iTRADE, credited to your Scotia iTRADE brokerage account or mailed as a cheque to you as described below or (ii) have the commissions associated with your first 10 or 50 trades (depending on the amount funded in the Referred Friend(s)' account(s)) placed within 60 days of the first business day of the calendar month after the account of the Referred Friend is activated and funded with at least $10,000 in net equity), waived by Scotia iTRADE to a maximum of $9.99 per trade in the currency of the account (maximum total amount of waived commissions from this offer is $499.50, maximum number of free equity trades during any 60-day period is 250 trades) in the event that your eligible and qualifying friend whom you have referred, who does not already have a Scotia iTRADE account and did not have a Scotia iTRADE account in the previous 6 months, chooses to open his/her new Scotia iTRADE account(s) (other than Cash Optimizer Account)2016within 180-days of the receipt of the referral, funds the account(s) with at least $10,000 in net equity (transfer of assets must come from outside of Scotia iTRADE) within 60 days of opening such account(s) and maintains a minimum balance of $10,000 in net equity in the account(s) for 60 days after funding the account(s).

By participating in this Refer-A-Friend Program, (i) you are deemed to consent to the payment by Scotia iTRADE to you of the aforementioned referral fee or waiver of the trade commissions and to the collection, use and disclosure of your personal information in accordance with the Scotiabank Group Privacy Agreement ("Policy"), as such Policy may be amended, a copy of which can be found at www.scotiaitrade.com, and (ii) you confirm that you have received the consent of each friend whom you are referring, to provide his/her name and contact information to Scotia iTRADE.

Offer not valid for residents of Quebec or Manitoba, non-Canadian residents, or for employees of Scotia Capital Inc. or its affiliates.

Offer not valid if the Referred Friend resides at the same address as the Referring Friend.

Offer not valid if the Referring Friend completed the referral lead capture form after the Referred Friend opened Scotia iTRADE account(s).

The Referring Friend will be eligible to (i) receive a $50 or $100 credit (depending on the amount funded in the Referred Friend(s)' account(s)) in his/her existing Scotia iTRADE brokerage account or, if the Referring Friend only has a registered account with Scotia iTRADE, have a cheque in the amount of the cash incentive mailed to him/her (ii) have the commissions associated with the Referring Friend's first 10 or 50 trades (depending on the amount funded in the Referred Friend(s)' account(s)) placed within 60 days of the first business day of the calendar month after the account of the Referred Friend is activated and funded with at least $10,000 in net equity), waived by Scotia iTRADE to a maximum of $9.99 per trade in the currency of the account (maximum total amount of waived commissions from this offer is $499.50, maximum number of free equity trades during any 60 day period is 250 trades) for each eligible and qualifying friend (who is not already a customer of Scotia iTRADE and was not a customer of Scotia iTRADE in the previous 6 months) who is referred by the Referring Friend and who opens his/her new Scotia iTRADE account(s)(other than Cash Optimizer Account) 2016within 180-days of the receipt of the referral, funds the account(s) with at least $10,000 in net equity (transfer of assets must come from outside of Scotia iTRADE) within 60 days of opening such account(s) and maintains a minimum balance of $10,000 in net equity in the account(s) for 60 days after funding the account(s).

If the net equity in the Referred Friend's account(s) falls below $10,000 during the 60 days after funding the account(s) due to market fluctuations, the Referring Friend and the Referred Friend still qualify for the incentive. If the net equity in the Referred Friend's account(s) falls below $10,000 during the 60 days after funding the account(s) due to withdrawals, the Referring Friend and the Referred Friend will not qualify for the incentive.

Cash incentive payments will be deposited in the accounts of the Referring Friend (unless the Referring Friend only has a registered account with Scotia iTRADE) and Referred Friend in the calendar month after the Referred Friend meets the qualification criteria. If the Referring Friend only has a registered account with Scotia iTRADE, a cheque in the amount of the cash incentive will be mailed to the Referring Friend in the calendar month after the Referred Friend meets the qualification criteria.

No more than one Referring Friend may be eligible to receive the $50 or $100 referral fee or 10 or 50 free equity trades in respect of any Referred Friend's account to which this offer applies. Referring Friends may only refer up to 100 Referred Friends under this offer.

The qualifying new account holder: (a) who has been referred to Scotia iTRADE by a current Scotia iTRADE customer as set out above and in accordance with Scotia iTRADE's criteria, (b) who does not already have a Scotia iTRADE account and did not have a Scotia iTRADE account in the previous 6 months, and (c) who opens his/her new Scotia iTRADE account(s) (other than Cash Optimizer Account) 2016within 180-days of the receipt of the referral, funds the account(s) with at least $10,000 in net equity (transfer of assets must come from outside of Scotia iTRADE) within 60 days of opening such account(s) and maintains a minimum balance of $10,000 in net equity in the account(s) for 60 days after funding the account(s), will be eligible: (i) to have the commissions associated with such new account holder's first 10 or 50 trades (depending on the amount funded in such new account(s)) placed within 60 days of the first business day of the calendar month after the date the account is activated and funded with at least $10,000 in net equity), waived by Scotia iTRADE to a maximum of $9.99 per trade in the currency of the account (maximum total amount of waived commissions from this offer is $499.50) or (ii) receive $50 or $100 (depending on the amount funded in such new account(s)) deposited directly into such new account holder's Scotia iTRADE account, other than Cash Optimizer Account (collectively "Program Reward").

Waived trade commissions and other Scotia iTRADE offers have no cash redemption value. This offer can be combined with other promotional offer (certain limitations may apply).

You, as Referring Friend, grant Scotia iTRADE your consent to use your name and email address and disclose the fact of your referral of the Referred Friend in the process of contacting your Referred Friends by email and phone. You agree not to use any false email addresses, mailing addresses, or names for this Refer-A-Friend program.

Referring Friend must have a qualifying investment account in good standing. This offer is not valid if there are any outstanding margin calls or any outstanding documentation relating to the account of the Referring Friend.

Referred Friend has the opportunity to opt out of the Refer-A- Friend program ("Program"). If Referred Friend opts out of the Program, then Referring Friend is no longer eligible for a Program Reward for that referral.

Program participants must operate in good faith, and participants must have the intention of maintaining a brokerage relationship with Scotia iTRADE.

Scotia iTRADE reserves the right to modify and/or terminate this offer at any time without notice.

Scotia iTRADE reserves the right to disqualify any user from the Program at any time, for any reason.

Scotia iTRADE reserves the right to limit the number of referrals per client at its discretion.

Program Rewards are paid only as credits to the client's qualifying Scotia iTRADE account or, in the case of the cash incentive, mailed as a cheque to a Referring Friend who only has a registered account with Scotia iTRADE. No other forms of payment will be made. (i.e. Scotia iTRADE will not forward the amount via cheque or Electronic Funds Transfer, except mailing a cheque to a Referring Friend who only has a registered account with Scotia iTRADE, as described above).

If payment is made in error, or is determined to be the result of deceptive practices, Scotia iTRADE reserves the right to decline or reverse payment or charge the amount of waived commissions.

When a Referring Friend's qualifying account is closed, they are no longer eligible for any Program Rewards.

The Referred Friend must enter the appropriate promo code in the field "How Did You Hear About Us" during the account opening process to ensure eligibility into the Program.

The Referring Friend must choose the "Refer a Friend Cash" promo code if they wish to obtain the cash incentive and "Refer a Friend Free Equity Trades" for the free equity trades incentive during the submission of their Referred Friends' information.

The Referring Friend must use the email address associated to their Scotia iTRADE account when making referrals. The Referring Friend must be an individual who either (i) opened a Scotia iTRADE account within 24 months of referring the Referred Friend or (ii) purchased a Scotia iTRADE product or service within 24 months of referring the Referred Friend.

Any cash credits deposited into a registered account will not be considered a contribution to the registered account and Scotia iTRADE will not issue a tax receipt.

Only friends and family may be Referred Friends under this offer. For purposes hereof, "family" includes only a Referring Friend's spouse, common-law spouse, child, or parent, in each case where there is voluntary, direct, two-way communication between the Referring Friend and the family member. For purposes hereof, "friend" includes only an individual with whom the Referring Friend has voluntary, direct, two-way communications and it would be reasonable to conclude that they have a personal relationship taking into consideration any relevant factors such as the sharing of interests, experiences, opinions and information evidenced in the communications, the frequency of communication, the length of time since the parties communicated or whether the parties have met in person.