E-FORM 368 (06/2016)
RBC Direct Investing Inc.
PARTNERSHIP ACCOUNT AGREEMENT
CLIENT NAME ACCOUNT NUMBER
To: RBC Direct Investing Inc. ("RBC Direct Investing®")
The undersigned, being all of the partners of a partnership constituted and operating under the name shown below (the
"Partnership"), hereby individually and as partners of the Partnership authorize and direct RBC Direct Investing to open and
maintain an account or accounts ("Accounts"), which may include a margin account, for buying, selling and generally dealing
with ("trading") Securities in the name of the Partnership (or such other name as the Partnership may adopt from time to time).
The undersigned, as separate individuals and as partners of the Partnership, agree with RBC Direct Investing as follows:
1.
Any one of
may, and each of them is hereby authorized on behalf of
the Partnership from time to time to:
(a) Instruct RBC Direct Investing in writing, orally
(including by telephone) or by electronic means with
respect to any trading in Securities and any other
transactions in the Accounts;
(b) Give instructions with respect to the delivery or
transfer of Securities and to sign and deliver receipts
for Securities or to instruct RBC Direct Investing
either in writing, orally (including by telephone) or by
electronic means to deliver any Securities to any
person;
(c) Sign on behalf of the Partnership all contracts,
agreements, releases, powers of attorney and other
documents required by RBC Direct Investing in
connection with the operation of the Accounts and
any trading of Securities;
(d) Operate the Accounts on such margin(s) asmay be
advised by RBC Direct Investing to the Partnership
from time to time, and in connection therewith to
authorize RBC Direct Investing to conduct trading of
Securities on the credit of the Partnership;
(e) Create a security interest in any Securities in favour
of RBC Direct Investing to secure repayment of all
obligations and indebtedness, present or future, of
the Partnership to RBC Direct Investing.
2. RBC Direct Investing may honour instructions received
by it pursuant to this resolution, and in particular may
honour oral (including telephone) instructions or
electronic (including telefax) instructions purporting to be
given by any of the persons authorized hereunder
without the necessity of any further verification or
inquiry by RBC Direct Investing.
3. (a) Any partner who has withdrawn from the
Partnership shall cease to be liable for any trading
which occurred or obligations that arose after the
receipt by RBC Direct Investing of a notice in writing
of withdrawal, signed by the withdrawing member
and counter-signed by any one of the individuals
referred to in Section 1 of this agreement, but shall
remain liable with respect to all trading which
occurred or obligations that arose, or in either case
were contracted for prior to the date of receipt by
RBC Direct Investing of such notice.
(b) In the event of the addition of any new partner(s),
all existing and new partners shall sign a new
Partnership Account Agreement. Notwithstanding
the execution of such as new agreement, this
agreement shall remain in effect in respect of all
prior obligations for so long as such obligations
remain outstanding.
4. Each and every obligation of the Partnership to RBC
Direct Investing shall also be the separate and individual
obligation of each of the undersigned.
5. Each of the undersigned represents and warrants that he
or she is of the age of majority.
6. Each of the undersigned acknowledges
that he or she
has read and understood this agreement, and received a
copy of it.
7. In the event of the death, bankruptcy or loss of legal
capacity of any of the undersigned, the Partnership will
immediately provide RBC Direct Investing with notice in
writing of such event, together with the name(s) and
address(es) of the legal representative(s) of such person.
8. The dissolution of the Partnership, however caused, shall
not affect the provisions of this agreement and the
rights and powers conferred hereunder may be exercised
from time to time to the same extent as though such
dissolution had not occurred and all acts and things done
or separate exercise of such rights and powers shall be
binding upon the Partnership and each of the
undersigned or their heirs, executors, administrators and
legal representatives, as the case may be, provided that
this agreement may be terminated for the future by a
written notice to RBC Direct Investing signed by one of
the undersigned or the heirs, executors, administrators
or legal representatives of one of the undersigned, but
such notice shall be effective only from the time of its
receipt by RBC Direct Investing, and notwithstanding
such termination RBC Direct Investing may fulfil any and
all obligations to third parties which it may have
undertaken in the course of dealing with the Partnership
and the rights and powers conferred by this agreement
may be exercised for the purpose of performing or
completing the performance of any and all obligations of
the Partnership to RBC Direct Investing, the whole to the
same extent and with the same effect as though such
termination had not taken place.
9. All obligations of the Partnership and of each of the
undersigned hereunder to RBC Direct Investing shall be
joint and
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