IA CLARINGTON INVESTMENTS INC.
Resolution of the Directors of (the Corporation)
Carrying on business under the name of (the Business Name)
Business Number (BN)
Whereas it is in the interest of the corporation to enter into arrangements for the provision of
accounts for the deposit and withdrawal of funds, credit facilities and other financial services with
IA Clarington and to provide security and agreements therefore;
Be it resolved that:
1. The corporation is authorized to:
(a) open, maintain and operate one or more accounts with IA Clarington and to do all things in
relation thereto;
(b) such further arrangements for the provision of financial services with IA Clarington
2. The Corporation is authorized and directed to create, execute and deliver in favour of IA Clarington:
(a) IA Clarington’s standard documentation for the opening and operation of accounts for each
account opened:
(b) Such further instruments and agreements as may be reasonably described herein; and by
doing so, to bind IA Clarington and create security set out in such agreements.
3. In accordance with any restrictions set out below, the officers, directors and employees of the
Corporation listed hereafter as authorized representatives and hereby authorized for and on behalf
of the Corporation to execute and deliver all of the documents and instruments described in
paragraph 2, and any others that may be reasonably required from time to time to carry out the
transactions contemplated, subject to such amendments as the authorized representatives may
approve, such approval to be conclusively evidenced by the execution of the said documents or
instruments. In accordance with any restrictions set out below, such persons are also authorized
to conduct all aspects of the Corporation’s relationship with IA Clarington and, notwithstanding the
generality of the foregoing;
(i) to give IA Clarington instructions and perform transactions on behalf of the Corporation
in connection with the ongoing operation of the accounts, and other financial services
contemplated by this resolution; and
(ii) to authorize any person or persons to do any one or more of the following:
(1) to receive from IA Clarington any (a) cash or securities, (b) bills of exchange (including
cheques), orders for payment of money, securities, and other instruments (each of which
individually called an “Instrument”) or property to any party named in those instructions;
(2) to deposit with, negotiate or transfer to IA Clarington, for the credit of the Corporation,
cash or any security or Instrument, endorsed (by rubber stamp or otherwise) with
IA Clarington’s business name; and
(3) to settle the Corporation’s account with IA Clarington and to receive from IA Clarington
and provide receipt of, statements and other items. IA Clarington is entitled to rely on
such documents, Instruments, instructions and transactions as duly and validly authorized
and binding on the Corporation. IA Clarington does not need to make any further inquiry
into the authority of the authorized representatives to bind the Corporation.
