Scotia Momentum® Visa* CardWelcome Kit

Get cash backon everydaypurchases

You're richerthan you think®.

TABLE OF CONTENTS

MAXIMIZE YOUR CASH BACK ....................... 3• Congratulations on choosing the

Scotia Momentum® Visa* card ................. 3-4

• ScotiabankPrivacy Agreement ................................. 5-13

• Certificate of PurchaseSecurity & Extended WarrantyInsurance .............................................. 14-19

• Scotia Momentum® No-FeeVisa* Cash BackProgram ............................................... 20-23

• Scotia Momentum® Visa*Card Cash Back Program ...................... 24-28

3

Maximize yourcash backCongratulations on choosing theScotia Momentum® Visa* card – the card thatgives you cash back on every purchase you make.

Shop at any eligible gas station, grocery store, or drugstore to maximize your cash back.

Earn morePlus, earn cash back on your recurring bill paymentssuch as phone, cable, internet, insurance, utilities andsubscriptions. You can set up automatic payments bysimply calling your service provider.

Get an additional card for another member of yourfamily to earn cash back on your family spending.Request a supplementary card by visitingscotiabank.com or through Scotia OnLine®

Financial Services – it’s easy!

Turn your Cash Back into SavingsYour annual Scotia Momentum cash back reward willeither be deposited into an eligible ScotiabankCanadian Dollar personal chequing or savings bankaccount or it will be credited to your credit cardstatement. Please refer to the Cash Back ProgramTerms and Conditions for more information. If youwould like to open a Scotiabank personal chequing orsavings bank account, simply visit your branch or call1 800 387-6556 to open one.

Enjoy Protection and Convenience

• Purchase Security and Extended WarrantyAvailable only for the Scotia Momentum Visa cardwith annual fee. See Certificate enclosed.

• Visa Zero Liability Policy Certain restrictions andexclusions apply. Please visit visa.ca for afull description.

• Easy Access to your Visa account through electronicbanking when you link your Visa account with yourScotiaCard® bank card.

Visa payWave* is a convenient new paymentfeature included on Scotia Momentum Visa cardsat no additional fee. Save time when paying for small,everyday purchases. No swiping, signing, or enteringyour PIN for most purchases at participatingmerchants†.

3

4

Save on Car RentalsAs a Scotia Momentum Visa or Scotia MomentumNo-Fee Visa cardholder, you can save up to 25% offbase rates at participating AVIS locations and atparticipating Budget locations in Canada and the U.S.when you pay with your Scotia Momentum Visa cardor Scotia Momentum No-Fee Visa card.

AVIS reservations may be made online atavis.com/scotiabankmomentum oravis.com/scotiabankmomentumnofee or by calling1-800-TRY AVIS (879-2847). Please quote AVISworldwide discount number C030401 for ScotiaMomentum Visa, or discount number C030402 forScotia Momentum No-Fee Visa. Budget Reservationsmay be made online atbudget.com/scotiabankmomentum orbudget.com/scotiabankmomentumnofee or bycalling 1-800-268-8900. Please quote BudgetCorporate Discount number A363301 for ScotiaMomentum Visa or Corporate Discount numberA363303 for Scotia Momentum No-Fee Visa.

5

Scotiabank Privacy Agreement

Your privacy is important to Scotiabank. ThisAgreement sets out the information practices forScotiabank in Canada, including what type ofinformation is collected, how the information is used,and with whom the information is shared.This Agreement may be amended from time to time.(See “Further Information”, below, for an explanationof how we will advise you of any future changes.)In this Agreement, “we”, “our”, “us” and“Scotiabank” mean The Bank of Nova Scotia and anyof its affiliates, subsidiaries, programs or joint venturesthey participate in, with respect to their operationsenterprise-wide.1 Scotiabank includes companiesengaged in the following services to the public:deposits, loans and other personal financial services;credit, charge, debit and payment card services; fullservice and discount brokerage services; mortgageloans; trust and custodial services; insurance services;investment management and financial planningservices; and mutual funds investment services; andservices related to the above such as loyalty programs.“You” and “your” mean an individual who has madeapplication to us for, enrolled in or signed anapplication in respect of any personal or businessbanking, insurance, brokerage or financial product orservice offered by us (“Service”), including anyco-applicants, guarantors, personal representatives, oran individual who participates in a Scotiabank contest,survey, event or has otherwise provided personalinformation to us.

COLLECTING, USING AND DISCLOSING YOURINFORMATION

When you apply for, or provide a guarantee in respectof, or use any Service and while you are our customer,or when you participate in any contest, survey, eventor otherwise provide us your personal information, youagree that we may collect your personal informationfrom you and third party sources. Examples ofinformation collected may include:• Your name, address, telephone number, nature of

your principal business or occupation and date ofbirth, all of which may be required by law;

• Identification, such as a valid driver’s license orpassport. We may also ask for documents such asa recent utility bill to verify your name andaddress;

6

• Your education, annual income, assets andliabilities and credit history;

• Information about your transactions, includingpayment history, account activity and how youintend to use the account or Service and thesource of any incoming funds or assets;

• Information we may need in order to provide youwith a Service such as health information if youare applying for certain insurance products. Insome instances, providing this information isoptional;

• Information about third parties such as yourspouse if you are applying for certain Services,where this information is required by law; and

• Information about beneficial owners,intermediaries and other parties, which is requiredby law.

For legal entities such as businesses, partnerships,trusts, estates, clubs or other organizations, we maycollect the information referred to above from eachauthorized person, signatory, partner, trustee,executor and club member, as appropriate.In addition, when you apply for, enrol in or use aService, or participate in any contest, survey or eventvia a digital channel (such as online or mobile banking),we may collect information about your computer ordevice, operating system, internet connection ortelephone account, settings, IP address and devicelocational data, browser information, and transactiondata, as well as personal information as describedabove. We may collect, use, disclose and retain thisinformation for the purposes described below, as wellas to determine which settings are appropriate foryour computer system, to provide or enhance digitalfunctionality and banking options, and for securitypurposes, internal analysis and reporting. You maywithhold consent to the collection, use and disclosureof this information, although in some cases this mayprevent you from using the digital channel to apply foror use a Service or to communicate with us, or mayreduce the functionality of that channel.Scotiabank or its service providers may also use variousweb tools including Cookies (please see our CookiesPolicy), Web Beacons and Tagging on our websites andadvertisements to evaluate and improve our websitesand other electronic offerings, tailor our services,enhance our customer experience and communicatewith you regarding products and services that may beof interest.

• Tagging is a customized code on our websites thatprovide the ability to monitor user activity onScotiabank websites. This software can be used tocapture user activity to be used by us or a third party

7

for analysis so that we can understand and enhanceour user experience and provide further securitycontrols.

• Web Beacons are small images embedded in ourwebsites that, when combined with Cookies, helpprovide us with information about the use andeffectiveness of our website.

We may collect your personal information, and use it,and disclose it to any person or organization, includingany member of Scotiabank, for the following purposes:• To confirm your identity;

• To understand your needs;

• To determine the suitability of our Services for you;

• To determine your eligibility for our Services;

• To set up, manage and offer Services that meetyour needs;

• To provide you with ongoing Service;

• To provide you with various options for applying forand accessing Services;

• To satisfy legal and regulatory requirements that webelieve are applicable to us, including therequirements of any self-regulatory organizations towhich we belong;

• To help us collect a debt or enforce an obligationowed to us by you;

• To respond to a local or foreign court order, searchwarrant or other demand or request which webelieve to be valid, or to comply with the rules ofproduction of a local or foreign court;

• To manage and assess our risks;

• To investigate and adjudicate insurance claims,other claims or complaints; and

• To prevent or detect fraud or criminal activity or tomanage and settle any actual or potential loss inconnection with fraud or criminal activity.

1. When we collect your health information for thepurpose of providing an insurance Service, we willuse that information strictly for that purpose. (Seebelow for more information.) We do not providedirectly all the services related to your relationshipwith us. We may use third party service providers toprocess or handle personal information on ourbehalf and to assist us with various services such asprinting, postal and electronic mail distribution andmarketing (including by telephone and electronicmeans), and you acknowledge that we may releaseinformation about you to them. Some of our serviceproviders are located outside of Canada. In addition,we may use personal information in Scotiabanklocations outside of Canada. As a result, yourpersonal information may be accessible to

8

regulatory authorities in accordance with the lawsof these jurisdictions. When personal information isprovided to our service providers, we will requirethem to protect the information in a manner that isconsistent with Scotiabank privacy policies andpractices.

2. We may collect, use and disclose your SocialInsurance Number (SIN), as well as otherinformation, for income tax reporting purposes andto fulfil other regulatory requirements, as requiredby law. In addition, we may ask you for your SIN toverify and report credit information to creditbureaus and credit reporting agencies as well as toconfirm your identity. This allows us to keep yourpersonal information separate from that of othercustomers, particularly those with similar names,and helps maintain the integrity and accuracy ofyour personal information. You may refuse toconsent to its use or disclosure for purposes otherthan as required by law.

3. We may verify relevant information you give us withyour employer or your references and you authorizeany person whom we contact in this regard toprovide such information to us. If you apply for orenrol in a Service and during the time you have theService, we may consult various financial serviceindustry databases, third parties (such as the BankCrime Prevention and Investigation Office of theCanadian Bankers Association and the InvestigativeServices Division of the Insurance Bureau ofCanada), or private investigative bodies maintainedin relation to the type of Service you have appliedfor, enrolled in or have. You also authorize us torelease information about you to these databasesand investigative bodies.

4. You agree that we may monitor, record, and retainany telephone call or electronic communication wehave with you. This is to establish a record of theinformation you provide, to ensure that yourinstructions are followed properly and to ensurecustomer service levels are maintained. Records ofcalls and electronic communications are destroyedwhen they are no longer required for business orother purposes, and any personal information issafeguarded in accordance with this Agreement.

5. Scotiabank may use video surveillance in and aroundour branches, bank machines and other locationsfor the purpose of safeguarding our clients andemployees and protecting against theft, fraud andvandalism. Any video images recorded are destroyedwhen they are no longer required for business orother purposes, and any personal information issafeguarded in accordance with this Agreement.

6. If you have a Service with us, we may use, disclose

9

to and collect from credit bureaus or financialservice industry databases, credit and otherinformation about you in order to offer youpre-approved credit products or margin facilities.

7. We may give information (except healthinformation) about you to other members ofScotiabank (where the law allows this) so thatthese companies may communicate with youdirectly about their products and services. Thisconsent will also apply to any companies that forma part of Scotiabank in the future. You also agreethat we may provide you with information aboutor from third parties we select. Your consent tothis is not a condition of doing business with usand you may withdraw it at any time (see below).

8. We may ask you for contact information such asyour telephone, mobile or fax number or emailaddress, and keep and use this information as wellas disclose it to other members of Scotiabank sothat we or any of these companies may contactyou directly through these channels for thepurpose of marketing, including telemarketing.This consent will also apply to any companies thatform a part of Scotiabank in the future. Yourconsent to this is not a condition of doing businesswith us and you may withdraw it at any time (seebelow).

9. If we sell a company or a portion of the business orassets of a Scotiabank company, we may releasethe information we hold about you to theprospective purchaser. We will require anyprospective purchaser to protect the informationprovided and to use it in a manner that isconsistent with Scotiabank privacy policies andpractices.

10. We may keep and use information about you inour records for as long as it is needed for thepurposes described in this Agreement, even if youcease to be a customer.

11. You agree that all information that you give uswill, at any time, be true and complete. If anypersonal information changes or becomesinaccurate or out of date, you are required toadvise us so we can update our records.

REFUSING OR WITHDRAWING CONSENT

Subject to legal, regulatory and contractualrequirements, you can refuse to consent to ourcollection, use or disclosure of information about you,or you may withdraw your consent to our furthercollection, use or disclosure of your information at anytime in the future by giving us reasonable notice.However, depending on the circumstances, withdrawalof your consent may prevent us from providing you, orcontinuing to provide you, with some Services, means

10

of access to Services, or information that may be ofvalue to you.We will act on your instructions as quickly as possiblebut there may be certain uses of your information thatwe may not be able to stop immediately.You cannot refuse our collection, use and disclosure ofinformation required by third party service providersessential for the provision of the Services or requiredby our regulators, including self-regulatoryorganizations. Some of our service providers arelocated outside of Canada. As a result, your personalinformation may be accessible to regulatory authoritiesin accordance with the law of these jurisdictions.You can tell us at any time to stop using informationabout you to promote our Services or the products andservices of third parties we select, or to stop sharingyour information with other members of Scotiabank. Ifyou wish to refuse consent or to withdraw consent asoutlined in this Agreement, you may do so at any timeby contacting the branch or office with which you aredealing or by calling us toll-free.Scotiabank 1-800-4SCOTIAScotiaMcLeod, Scotiatrust and PrivateInvestment Counsel 1-866-437-4990ScotiaLife Financial 1-800-387-9844Scotia iTRADE® 1-888-872-3388

IN ADDITION, IF YOU APPLY FOR, ACCEPT, ORGUARANTEE, A LINE OF CREDIT, TERM LOAN,MORTGAGE OR OTHER CREDIT ACCOUNT WITH USWhen you apply for, accept, or guarantee a loan orcredit facility or otherwise become indebted to us, andfrom time to time during the course of the loan orcredit facility, we may use, give to, obtain, verify, shareand exchange credit and other information (excepthealth information) about you with others includingcredit bureaus, mortgage insurers, creditor insurers,reinsurers, registries, other companies in Scotiabankand other persons with whom you may have financialdealings, as well as any other person as may bepermitted or required by law. We may do thisthroughout the relationship we have with you. Youalso authorize any person whom we contact in thisregard to provide such information to us.If you have a Service with us such as a banking card,credit card or line of credit product with an accesscard, you agree that we may give information (excepthealth information) about you to electronic paymentservice providers, credit or charge card associations,loyalty program partners and their employees andagents for the purpose of processing, authorizing andauthenticating your transactions (as the case may be),providing you with customer assistance services andfor other purposes related to your services. We mayalso give this information in respect of your

11

participation in contests and promotions administeredby the electronic payment service providers, credit orcharge card associations and loyalty program partnerson our behalf.If you have a mortgage account with us, we may giveinformation about you, including credit information, tomortgage insurers for any purpose related tomortgage insurance. Information retained by CanadaMortgage Housing Corporation will be subject tofederal access to information and privacy legislation.During the term of the loan or credit facility, you maynot withdraw your consent to our ongoing collection,use or disclosure of your personal information inconnection with the loan or other credit arrangementyou have with us or have guaranteed. We cancontinue to disclose your personal information to creditbureaus even after the loan or credit facility has beenretired, and you may not withdraw your consent toour doing so. We do this to help maintain theaccuracy, completeness and integrity of the creditreporting system.

IN ADDITION, IF YOU ACCEPT AN INSURANCESERVICE WITH USWhen you apply for, enrol in or sign an application inrespect of or accept an insurance Service from us, wemay use, give to, obtain, verify, share and exchangeinformation about you with others including referencesyou have provided, from hospitals and healthpractitioners, from government health insurance plans,from other insurers, from medical information andinsurance service bureaus, from law enforcementrepresentatives, from private investigators, and fromother groups or companies where collection isnecessary to underwrite or otherwise administer theService requested, including the assessment of claims.You also authorize any person whom we contact inthis regard to provide such information to us.If you accept an insurance Service with us, or if aninsurance Service is issued on your life, you may onlywithdraw your consent as noted above so long as theconsent does not relate to underwriting or claimswhere Scotiabank must collect and report informationto insurance service bureaus after the application hasbeen underwritten or the claim has been adjudicated.This is necessary to maintain the integrity of theunderwriting and claims systems.

ACCESSING YOUR INFORMATIONSubject to legal, regulatory and contractualrequirements, you can request to access the personalinformation we hold about you. Much of thisinformation is already accessible by you, for example:through your account statements or bankbookupdates; by visiting the branch or office where youregularly do business; by accessing your account

12

online; or through the Customer Contact Centre.However, if you need access to any other information,you must direct your request in writing to thePresident’s Office (see contact details below under“Further information”).In order to process your request, we may ask you forspecific details, such as branch and account number,and clarification on the specific information or timeperiod you are requesting access to. Once your identityhas been verified and the scope of your requestconfirmed, within 30 days we will provide you withaccess to your information, except where prohibited bylaw. If necessary, we will notify you that we require anextension beyond the 30 day period.Scotiabank may charge you a nominal access feedepending on the nature of your request. We willadvise you of the fee, if any, prior to proceeding withyour request.If you have a sensory disability, you may request thatyour information be made available in an alternativeformat.

FURTHER INFORMATION

You acknowledge that we may amend this Agreementfrom time to time to take into consideration changesin legislation, technology or other issues that mayarise. We will post the revised Agreement on ourwebsite and make it available at our branches or wemay also send it to you by mail. We may also notifyyou of any changes to this Agreement in any of thefollowing ways:• A notice prominently displayed at all Scotiabank

ATMs;

• An announcement through the VoiceResponseUnit(VRU) or a digital channel such as a mobile app;

• A notice on the Scotiabank website or your ScotiaOnLine portal;

• A notice in our branches; or

• A notice in your monthly statement.

Your continued use of the account or Service followingsuch change means that you agree to and accept thenew terms and conditions of the Agreement asamended. If you do not agree with any of the changesmade or with the new terms of the Agreement, youmust immediately stop using the account or Servicesand notify us that you are closing your account orterminating your Service with us.If you have a general question about Scotiabank’sprivacy policies, please contact the branch or office youdeal with or call us toll free at 1-800-472-6842. If yourbranch or office is not able to resolve your concern toyour satisfaction, contact the President’s Office:Telephone: 1-877-700-0043

13

Fax: 1-877-700-0045Email: mail.president@scotiabank.comLetter: The President, Scotiabank

44 King Street West, Toronto ON M5H 1H1

Our Privacy Code and Cookies Policy are available tothe public on www.scotiabank.com. The Privacy Codeand Cookies Policy both form part of the ScotiabankPrivacy Agreement.

1 For a list of Scotiabank’s principal affiliates and subsidiaries enterprise-wide,please refer to the most recent Annual Report available on the Scotiabankwebsite at www.scotiabank.com.

14

Certificate of Purchase Security &Extended Warranty Insurance

Applicable only to Scotia Momentum® Visa*Cardholders

This Certificate of Insurance contains a clausewhich may limit the amount payable.

This Certificate of Insurance is effective when aCardholder’s Scotia Momentum Visa Card account iseligible for coverage any time after August 1, 2019.This Certificate provides the principal terms, conditions,limitations and exclusions of the provisions of GroupPolicy No. BNS072014 (herein called the“Policy”). The Policy alone constitutes the agreementunder which benefits will be provided. The Policy isissued by American Bankers Insurance Company ofFlorida (herein called “Insurer”) to The Bank of NovaScotia (herein called the “Policyholder”). TheCardholder or a person making a claim under thisCertificate may request a copy of the Policy by writingto the Insurer at the address shown below. Please readthis Certificate carefully and keep it with Your ScotiaMomentum Visa Welcome Kit.The Insurer's Canadian head office is located at 5000Yonge Street, Suite 2000, Toronto, Ontario M2N 7E9.Claim payment and administrative services areprovided by Scotia Assist.

1. DEFINITIONSIn this Certificate of Insurance, the following words orphrases have the meanings set forth below:

Account means the up-to-date, unexpired andunrevoked Scotia Momentum Visa account of aCardholder.

Cardholder means the primary Cardholder under aScotia Momentum Visa Account and any additionalCardholder whose name is embossed on the card. TheCardholder may be referred to as "You" or "Your".

Insured Item means a NEW item (a pair or set beingone item) of personal property (not purchased by orfor use by a business or for commercial purposes), forwhich the full Purchase Price is charged to an Account.

Manufacturer’s Warranty means an express writtenwarranty issued by the manufacturer of the InsuredItem at the time of purchase of an Insured Item, whichwarranty is valid in Canada or the United States.

15

Mysterious Disappearance means the vanishing ofan item which cannot be explained, i.e. there is anabsence of evidence of a wrongful act of anotherperson.

Other Insurance means any and all policies ofinsurance or indemnity which provide additionalcoverage to a Cardholder for loss or damage coveredunder the Group Policy and as further defined inSection 6 of this Certificate.

Purchase Price means the actual cost of the InsuredItem, including any applicable sales tax, as shown onthe store receipt.

Scotia Assist means the Insurer in relation to claimpayment and administrative services.2. PURCHASE SECURITYa) Coverage: The Purchase Security Plan automatically,without registration, protects most new Insured Itemspurchased anywhere in the world (provided the fullPurchase Price is charged to the Account) by insuringthem for ninety (90) days from the date of purchase inthe event of loss, theft, damage or fire in excess ofOther Insurance. If the item is lost, stolen or damaged,it will be replaced or repaired. Repair or replacementwill be limited to the original Purchase Price or thereplacement price or $10,000, whichever is the lesser.In the event that the Insured Item cannot be repairedor replaced, the Insurer at its sole option, mayreimburse the Cardholder up to the lesser of thePurchase Price or $10,000.

b) Excluded Items: Purchase Security does not coverthe following items: travellers’ cheques, cash, tickets orany other negotiable instruments; bullion, rare orprecious coins; art objects (such as but not limited tohand made items, limited editions, original, signaturepieces or collectible plates); pre-owned or used items,including antiques and demos; animals; living plants;perishables such as food and liquor; aircraft and partsand accessories thereof; automobiles, motorboats,motorcycles or any other motorized vehicles and partsand accessories thereof; items consumed in use;services; ancillary costs incurred in respect of anInsured Item and not forming part of the PurchasePrice; parts and/or labour required as a result ofmechanical breakdown; items purchased by and/orused for a business or commercial purpose andcommercial gain and mail, internet and telephoneorder items until received and accepted by theCardholder; and jewellery transported/stored inbaggage which is not under the supervision of theCardholder or Cardholder’s travelling companion. Inthe event baggage containing jewellery is stolen in itsentirety while under the supervision of the Cardholderor Cardholder's travelling companion, the maximumcoverage is limited to $2,500 per incident.

16

3. EXTENDED WARRANTYa) Coverage: The Extended Warranty Plan providesthe Cardholder with double the period of repairservices, up to a maximum of one additional full year,when the full Purchase Price is charged to the Accountin accordance with the terms and conditions of theoriginal Manufacturer’s Warranty on most InsuredItems purchased anywhere in the world, providedtheManufacturer’s Warranty is honoured in Canada orthe United States.

b) Registration: Insured Items with a validManufacturer’s Warranty of five (5) or more years areONLY covered if registered within the first year ofpurchase. Insured Items with a Manufacturer’sWarranty of less than five (5) years DO NOT requireregistration. To register warranties of five (5) or moreyears, the Cardholder must send to the Insurer, legibleand complete copies of the store receipt; the ScotiaMomentum Visa charge slip; the Manufacturer’sWarranty including all wording; a description of theInsured Item including the model and serial number, ifapplicable.

c) Excluded Items: Extended Warranty does not coverthe following items: aircraft and parts and accessoriesthereof; automobiles, motorboats, motorcycles andany other motorized vehicles and parts and accessoriesthereof; used items; living plants; trim parts; services;items purchased by and/or used for a business orcommercial purpose and commercial gain; dealer andassembler warranties or any other obligation otherthan those specifically covered under the terms of theoriginal Manufacturer’s Warranty.

4. ADDITIONAL LIMITS OF LIABILITY ANDEXCLUSIONSa) Limits of Liability: There is a maximum per claimoccurrence limit of $10,000, and a maximum lifetimeliability of $60,000 under the Purchase Security andExtended Warranty Plans.

The Insurer at its sole option, will ask You to repair,rebuild or replace the Insured Item whether in wholeor in part with a similar or like item in quality or kind.The Insurer will reimburse the LESSER of: the cost ofrepairs; the cost of replacement of the Insured Item orthe Purchase Price. In the event that the Insured Itemcannot be repaired or replaced, the Insurer at its soleoption may reimburse the Cardholder up to thePurchase Price or $10,000, whichever is less. Claims foritems belonging to and purchased as a pair or set willbe paid for at the full Purchase Price of the pair or setprovided that the parts of the pair or set are unusableindividually and cannot be replaced individually. Whereparts of the pair or set are usable individually, liabilitywill be limited to payment equal to the proportionatepart of the Purchase Price that the numbers of

17

damaged or stolen parts bear to the number of partsin the complete pair or set.Insured Items the Cardholder gives as gifts are coveredunder both the Purchase Security and ExtendedWarranty Plans subject to compliance with the termsand conditions of the coverage offered hereunder.

b) Exclusions: The Group Policy does not providecoverage for losses resulting from: misuse or abuse;fraud; normal wear and tear; inherent product defects(which means imperfections which impair the use ofthe product); including the failure of any aspectof any product, device or equipment to correctly reador interpret any date or combined date/time data;Mysterious Disappearance; theft from a vehicle unlessthe vehicle is locked and there are visible signs offorced entry; flood, earthquake or radioactivecontamination; hostilities of any kind (including war,invasion, terrorism, rebellion or insurrection),confiscation by authorities, risks of contraband orillegal activity; incidental and consequential damages,including bodily injury, property, punitive andexemplary damages and legal fees.

5. CLAIMSa) Filing a Claim: To initiate a claim, the Cardholdermust notify the Insurer PRIOR to proceeding with anyaction or repairs and no later than forty-five (45) daysfrom the date of loss or damage, by calling1-800-263-0997 between 8:00 a.m. and 8:00 p.m. ET,Monday through Friday. If you would like to file a claimonline, please visit http://www.scotia.assurant.com.A Cardholder’s failure to give notice to the Insurerwithin forty-five (45) days from the date of loss ordamage may result in denial of the related claim.

b) Validation of a Claim: The Cardholder MUSTmaintain ORIGINAL copies of all documents required.Where a claim is due to fraud, malicious acts, burglary,robbery, theft or attempt thereat, or is suspected to beso caused, the Cardholder MUST give immediatenotice to the police or other authorities havingjurisdiction. The Cardholder may be required to send atthe Cardholder’s expense and risk, the damagedInsured Item on which a claim is based, to an addressdesignated by the Insurer.

c) Loss Report for Purchase Security: Under thePurchase Security Plan, the Cardholder will be requiredto complete the Loss Report and MUST include anoriginal store receipt, the Scotia Momentum Visacharge slip if applicable, and Scotia Momentum Visastatement and police report if obtainable, and ifnot obtainable, the department, file number, address,contact name on the file and telephone number, andany other information reasonably required by theInsurer to determine the Cardholder’s eligibility forbenefits under the Group Policy.

18

d) Loss Report for Extended Warranty: Under theExtended Warranty Plan, a Loss Report is NOT mailedto the Cardholder. Upon notifying the Insurer of thedamage and PRIOR to proceeding with any repairs, aCardholder MUST substantiate proof of purchase andcoverage eligibility under the Group Policy bysubmitting ORIGINAL copies of the store receipt, ScotiaMomentum Visa charge slip and/or the ScotiaMomentum Visa statement and Manufacturer’sWarranty including a signed letter detailing thedescription of the Insured Item by brand, modeland serial number (if applicable) and the facts givingrise to the claim. Upon receipt of the completeddocumentation, if the claim is eligible for coverageunder the Group Policy, the Insurer will provide anotice to the Cardholder containing an authorizationto proceed with the necessary repairs and theparticulars of the repair facility designated to completethe necessary repairs.

6. OTHER INSURANCEWhere a Cardholder has Other Insurance, the loss ordamage MUST be reported to the primary carrier inaddition to filing with the Insurer and copies of thepayout documents from the Other Insurance carriermust be provided to the Insurer. If the loss or damageis not covered under the Other Insurance, a letter fromthe other Insurance carrier so indicating will berequired. The insurance extended under the GroupPolicy by the Insurer is issued strictly as excesscoverage and does not apply as contributinginsurance. The coverage extended under theGroup Policy will reimburse the Cardholder onlyto the extent a permitted claim exceeds coverageand payment under Other Insurance, regardless ofwhether the Other Insurance contains provisionspurporting to make its coverage non-contributoryor excess. The Group Policy also provides coveragefor the amount of the deductible under OtherInsurance.7. SUBROGATIONAs a condition to the payment of any claim to aCardholder, the Cardholder shall, upon request,transfer or assign to the Insurer all legal rights againstall other parties for the loss. The Cardholder shall givethe Insurer all such assistance as the Insurer mayreasonably require to secure its rights and remedies,including the execution of all documents necessary toenable the Insurer to bring suit in the name of theCardholder.

8. BENEFITS CARDHOLDER ONLYThis protection shall insure ONLY to the benefit of theCardholder. No other person or entity shall have anyright, remedy or claim, legal or equitable to thebenefits.

19

9. DUE DILIGENCEThe Cardholder shall use due diligence and do allthings reasonable to avoid or diminish any loss ordamage to property protected. The Insurer will notunreasonably apply this provision to avoid claims underthe Group Policy.

Where damage or loss is due to a malicious act,burglary, robbery, theft or attempt thereat, or issuspected to be so caused, the Cardholder shall giveimmediate notice thereof to the police or otherauthorities having jurisdiction. The Insurer will requireevidence of such notice prior to settlement of a claim.

10. FALSE CLAIMIf a Cardholder makes any claim knowing it to be falseor fraudulent in any respect, such Cardholder shall nolonger be entitled neither to the benefit of protectionof coverage under the Group Policy nor to thepayment of any claim made under the Group Policy.

11. LEGAL ACTIONEvery action or proceeding against an insurer for therecovery of insurance money payable under thecontract is absolutely barred unless commenced withinthe time set out in the Insurance Act, Limitations Actor other applicable legislation in Your province orterritory.

12. IF YOU HAVE A CONCERN OF COMPLAINTIf You have a concern or complaint about Yourcoverage, please call the Insurer at 1-800-263-0997 orthe Policyholder at 1-800-472-6842. The Insurer willdo its best to resolve Your concern or complaint. If forsome reason the Insurer is unable to do so to Yoursatisfaction, You may pursue the concern or complaintin writing to an independent external organization.You may also obtain detailed information for theInsurer’s resolution process and the external recourseeither by calling the Insurer at the number listed aboveor at: www.assurantsolutions.ca/consumer-assistance.13. PRIVACYThe Insurer may collect, use, and share personalinformation provided by You to the Insurer, andobtained from others with Your consent, or asrequired or permitted by law. The Insurer may use theinformation to: serve You as a customer andcommunicate with You. The Insurer may process andstore Your information in another country, which maybe subject to access by government authorities underapplicable laws of that country. You may obtain a copyof the Insurer’s privacy policy by calling1-888-778-8023 or from their website:www.assurantsolutions.ca/privacy. If You have anyquestions or concerns regarding the privacy policy orYour options for refusing or withdrawing this consent,You may call the Insurer at the number listed above.

® Registered trademarks of The Bank of Nova Scotia.* Visa Int./Licensed User.

20

Scotia Momentum® No-Fee Visa*

Card Cash Back ProgramEffective September 1, 2012

Here’s a smart way to manage your day-to-daypurchases:

• A full 1% cash back on all eligible gas station,grocery store and drug store purchases and onrecurring bill payments

• A full 0.5% cash back on all other eligible purchases

You can shop at any eligible gas station, grocerystore, or drug store and earn 1% cash back on youreveryday spending. What better way to maximizeyour cash back!

Plus, earn 1% on your recurring bill payments, suchas:

• Phone

• Cable

• Utilities

• Car or home Insurance

• Subscriptions

You can set up automatic payments by simply callingyour service provider or finding them online atvisa.ca/billpay. Scotiabank charges no fee for thisservice – and you can change your arrangement at anytime.

Get an additional card¹ for another member of yourfamily to consolidate your family spending and earnmore cash back. Just print and complete theapplication found online atscotiabank.com/creditcardsapplynow and drop itoff at your nearest branch.

Use the convenient cash back calculator atscotiabank.com/momentumcashback to see howmuch you could earn.

Cash Back Program Terms and Conditions

1. HOW TO EARN 1% AND 0.5% CASH BACK:

HOW TO EARN A 1% CASH BACK RATE – Youwill earn 1% cash back on your annual spend on

21

gas station, grocery store and drug store purchasesand on recurring payments. 1% cash back applies atmerchants which are classified in the Visa Inc. (Visa)network as Grocery Stores & Supermarkets, DrugStores & Pharmacies, Service Stations (with orwithout ancillary services), Automated FuelDispensers and Recurring Payments (MerchantCodes: 5411, 5541, 5542 & 5912). Recurringpayments are defined as payments made on amonthly or regular basis automatically billed by themerchant to your Scotia Momentum No-Fee Visacard. Recurring payments are typicallytelecommunication, insurance, membership,subscriptions etc. purchases. Not all merchants offerrecurring payments. (Please check with yourmerchant to see if they offer recurring payments onVisa cards.) Some merchants may sell theseproducts/services or are separate merchants whoare located on the premises of these merchants, butare classified by Visa in another manner, in whichcase this added benefit would not apply.

HOW TO EARN A 0.5% CASH BACK RATE – Youwill earn 0.5% cash back on all other eligiblepurchases made with the card.

2. ELIGIBILITY: All Scotia Momentum No-Fee Visacardholders (“Cardholders”) are eligible, exceptpersons who hold the card as a corporate card, andcardholders which are businesses, corporations,partnerships or other legal entities.

3. HOW TO QUALIFY FOR THE CASH BACKPROGRAM: Your annual Scotia Momentum cashback reward will either be deposited into an eligibleScotiabank Canadian Dollar personal chequing orsavings bank account (“Eligible Account”) or it willbe credited to your credit card statement. In orderto be an Eligible Account, the bank account mustheld by the same person or persons as theScotiabank credit card account – i.e. the cash backfor a sole Scotiabank credit card account can onlybe deposited into that cardholder’s sole bankaccount and the cash back for a joint Scotiabankcredit card account can only be deposited into ajoint bank account held by both the primary andsecondary cardholders (only). Bank accounts ofsupplementary cardholders are not eligible.

If you have an Eligible Account, we may choose todeposit your annual cash back reward into theEligible Account. In the event that you have morethan one Eligible Account, we may select the bankaccount to receive the cash back award at ourdiscretion, provided that we will first select achequing account before a savings account. Youmay also designate the Eligible Account to be used

22

for the deposit of the cash back reward bycontacting us at 1 800 387-6556.

If you have one or more Eligible Accounts but wouldlike the cash back reward to be credited to yourcredit card statement, you may contact us at1 800 387-6556 by October 15 (or the closestbusiness day) of the year you’d like this to takeeffect.

If you do not have an Eligible Account, your cashback will be credited to your credit card statement.If you would like to open an Eligible Account, simplyvisit your branch or call 1 800 387-6556 to openone.

• The Scotia Momentum No-Fee Visa card cashback program is an annual program. Your rewardaccumulates each month, beginning each yearwith your December statement, and is awarded atthe end of each 12 month period directly intoyour Eligible Account or as a credit on yourstatement.

• Eligible spending by Cardholders of the sameScotia Momentum No-Fee Visa account qualifiesfor the cash back program.

• The cash back payout is calculated on eligible cardpurchases, less returns, for the 12 month periodreferred to above (“Net Purchases”).

• Cash advances, including Scotia® Credit CardCheques, balance transfers from other cards orloans, interest, account payments, fees, servicecharges and purchase returns do not qualify forcash back.

• Your total cash back, year to date, will show oneach monthly statement.

• After your cash back is deposited in your EligibleAccount in November or posted to your Novemberstatement, the program will begin again with yourDecember billing cycle (which starts immediatelyafter your November statement is issued).

4. ADDITIONAL DETAILS ON SCOTIA MOMENTUMNO-FEE VISA CASH BACK CALCULATION: Cashback will not be posted on Scotia MomentumNo-Fee Visa accounts that are not in good standingwhen card purchases are made or when a monthlystatement is issued. Cash back will not be awardedfor a Scotia Momentum No-Fee Visa account that isnot in good standing, or is not open, when theNovember statement is issued. If a ScotiaMomentum No-Fee Visa account is closed at anytime prior to the November statement, for anyreason, all cash back earned to that time will be

23

forfeited. Each year on the billing period closingdate that occurs in November, we will review thestatus of your account. Your account will not beconsidered to be in good standing to qualify forcash back if (i) you have a minimum payment thatremains unpaid for two (2) or more billing periodsor (ii) your account is suspended, cancelled orclosed. Cash back is based on the Canadian dollaramount of Net Purchases and will be calculatedand credited in Canadian dollars. A fraction of acent will be rounded up to the nearest cent.

Scotiabank may choose not to credit cash back onNet Purchases which are greater than $100,000(combined spend between 1% and 0.5% cash backlevels) or which, on a monthly basis, exceeds yourcredit limit.

5. DISCREPANCIES: Cardholders must adviseScotiabank of any discrepancies in Net Purchases nolater than three months after the date of thepurchase for which an adjustment is requested.Otherwise, the Net Purchases amount (except forerroneous adjustments) will be deemed to becorrect.

6. MISCELLANEOUS: From time to time, Scotiabankmay restrict, cancel, suspend or otherwise alteraspects of this program, with or without notice toCardholders. Requests for early payment of cashback will not be considered. Net Purchases cannotbe transferred between Scotia Momentum No-FeeVisa accounts. Accumulated cash back does notconstitute property of the Cardholder and cannotbe transferred or encumbered in any circumstancesand, without limiting the generality of theforegoing, cannot be negotiated, attached, pledged,mortgaged or hypothecated and may not be dividedor transferred as a part of a domestic agreement,through legal proceedings, or upon death. Anyabuse of the program’s privileges, failure to followits terms, or misrepresentation may result inScotiabank terminating a Cardholder’s participationin the program. Scotiabank may end the program atany time, in whole or in part, with or withoutnotice. Cardholders are solely responsible for any taxliability and tax reporting obligations arising fromany cash back.

® Registered trademark of The Bank of Nova Scotia.* Visa Int./Licensed User.1 You understand and agree that you are liable for all charges incurred on your

account with any supplementary card issued in connection with the account.When you request Scotiabank to issue a supplementary card, we will also issuerenewal and replacement cards for such supplementary card, unless the card iscancelled by you or Scotiabank. You understand and agree that a SupplementaryCardholder’s signature on or use or retention of the supplementary card issuedin his or her name shall evidence your receipt of the agreements relating to theaccount and your acceptance of their terms.

24

Scotia Momentum® Visa* CardCash Back ProgramEffective September 1, 2012

Here’s a smart way to manage your day-to-daypurchases:

• A full 2% cash back on all eligible gas station,grocery store and drug store purchases and onrecurring bill payments

• A full 1% cash back on all other eligible purchases

You can shop at any eligible gas station, grocerystore, or drug store and earn 2% cash back on youreveryday spending. What better way to maximizeyour cash back!

Plus, earn 2% on your recurring bill payments, suchas:

• Phone

• Cable

• Utilities

• Car or home Insurance

• Subscriptions

You can set up automatic payments by simply callingyour service provider or finding them online atvisa.ca/billpay. Scotiabank charges no fee for thisservice – and you can change your arrangement at anytime.

Get an additional card¹ for another member of yourfamily to consolidate your family spending and earnmore cash back. Just print and complete theapplication found online atscotiabank.com/creditcardsapplynow and drop itoff at your nearest branch (each additional card has a$15.00 annual fee).

Use the convenient cash back calculator atscotiabank.com/momentumcashback to see howmuch you could earn.

Cash Back Program Terms and Conditions

1. HOW TO EARN A FULL 2% AND FULL 1% CASHBACK:

25

HOW TO EARN A FULL 2% RATE – You will earn2% cash back on the first $25,000 you spendannually on gas station, grocery store and drugstore purchases and on recurring payments. 2%cash back applies at merchants which are classifiedin the Visa Inc. (Visa) network as Grocery Stores &Supermarkets, Drug Stores & Pharmacies, ServiceStations (with or without ancillary services),Automated Fuel Dispensers and Recurring Payments(Merchant Codes: 5411, 5541, 5542 & 5912).Recurring payments are defined as payments madeon a monthly or regular basis automatically billed bythe merchant to your Scotia Momentum Visa card.Recurring payments are typically telecommunication,insurance, membership, subscriptions etc.purchases. Not all merchants offer recurringpayments. (Please check with your merchant to seeif they offer recurring payments on Visa cards.)Some merchants may sell these products/services orare separate merchants who are located on thepremises of these merchants, but are classified byVisa in another manner, in which case this addedbenefit would not apply.

HOW TO EARN A FULL 1% RATE – You will earn1% cash back on purchases made after you havereached the 2% $25,000 annual spend max., andon all other eligible purchases made with the card.

2. ELIGIBILITY: All Scotia Momentum Visa cardholders(“Cardholders”) are eligible, except persons whohold the card as a corporate card, and cardholderswhich are businesses, corporations, partnerships orother legal entities.

3. HOW TO QUALIFY FOR THE CASH BACKPROGRAM:

Your annual Scotia Momentum cash back rewardwill either be deposited into an eligible ScotiabankCanadian Dollar personal chequing or savings bankaccount (“Eligible Account”) or it will be creditedto your credit card statement. In order to be anEligible Account, the bank account must be held bythe same person or persons as the Scotiabank creditcard account – i.e. the cash back for a soleScotiabank credit card account can only bedeposited into that cardholder’s sole bank accountand the cash back for a joint Scotiabank credit cardaccount can only be deposited into a joint bankaccount held by both the primary and secondarycardholders (only). Bankaccounts of supplementarycardholders are not eligible.

If you have an Eligible Account, we may choose todeposit your annual cash back reward into theEligible Account. In the event that you have more

26

than one Eligible Account, we may select the bankaccount to receive the cash back award at ourdiscretion, provided that we will first select achequing account before a savings account. Youmay also designate the Eligible Account to be usedfor the deposit of the cash back reward bycontacting us at 1 800 387-6556.

If you have one or more Eligible Accounts but wouldlike the cash back reward to be credited to yourcredit card statement, you may contact us at1 800 387-6556 by October 15 (or the closestbusiness day) of the year you’d like this to takeeffect.

If you do not have an Eligible Account, your cashback will be credited to your credit card statement.If you would like to open an Eligible Account, simplyvisit your branch or call 1 800 387-6556 to openone.

• The Scotia Momentum Visa card cash backprogram is an annual program. Your rewardaccumulates each month, beginning each yearwith your December statement, and is awarded atthe end of each 12 month period directly intoyour Eligible Account or as a credit on yourstatement.

• Eligible spending by Cardholders of the sameScotia Momentum Visa account qualifies for thecash back program.

• The cash back payout is calculated on eligible cardpurchases, less returns, for the 12 month periodreferred to above (“Net Purchases”).

• Cash advances, including Scotia® Credit CardCheques, balance transfers from other cards orloans, interest, account payments, fees, servicecharges and purchase returns do not qualify forScotia Momentum cash back.

• Your total cash back, year to date, will show oneach monthly statement.

• After your cash back is deposited in your EligibleAccount in November or posted to your Novemberstatement, the program will begin again with yourDecember billing cycle (which starts immediatelyafter your November statement is issued).

4. ADDITIONAL DETAILS ON SCOTIA MOMENTUMVISA CASH BACK CALCULATION: ScotiaMomentum cash back will not be posted on ScotiaMomentum Visa accounts that are not in goodstanding when card purchases are made or when amonthly statement is issued. Cash back will not beawarded for a Scotia Momentum Visa account that

27

is not in good standing, or is not open, when theNovember statement is issued. If a ScotiaMomentum Visa account is closed at any time priorto the November statement, for any reason, all cashback earned to that time will be forfeited.

Each year on the billing period closing date thatoccurs in November, we will review the status ofyour account. Your account will not be consideredto be in good standing to qualify for cash back if (i)you have a minimum payment that remains unpaidfor two (2) or more billing periods or (ii) youraccount is suspended, cancelled or closed.

Scotia Momentum cash back is based on theCanadian dollar amount of Net Purchases and willbe calculated and credited in Canadian dollars. Afraction of a cent will be rounded up to the nearestcent.

Scotiabank may choose not to credit cash back onNet Purchases which are greater than $100,000(combined spend between 2% and 1% cash backlevels) or which, on a monthly basis, exceeds yourcredit limit.

5. DISCREPANCIES: Cardholders must adviseScotiabank of any discrepancies in Net Purchases nolater than three months after the date of thepurchase for which an adjustment is requested.Otherwise, the Net Purchases amount (except forerroneous adjustments) will be deemed to becorrect.

6. MISCELLANEOUS: From time to time, Scotiabankmay restrict, cancel, suspend or otherwise alteraspects of this program, with or without notice toCardholders. Requests for early payment of cashback will not be considered.

Eligible Net Purchases cannot be transferredbetween Scotia Momentum Visa accounts.Accumulated cash back does not constituteproperty of the Cardholder and cannot betransferred or encumbered in any circumstancesand, without limiting the generality of theforegoing, cannot be negotiated, attached, pledged,mortgaged or hypothecated and may not bedivided or transferred as a part of a domesticagreement, through legal proceedings, or upondeath.

Any abuse of the program’s privileges, failure tofollow its terms, or misrepresentation may result inScotiabank terminating a Cardholder’s participationin the program. Scotiabank may end the program atany time, in whole or in part, with or withoutnotice.

28

Cardholders are solely responsible for any tax liabilityand tax reporting obligations arising from any cashback.

® Registered trademark of The Bank of Nova Scotia.* Visa Int./Licensed User.1 You understand and agree that you are liable for all charges incurred on your

account with any supplementary card issued in connection with the account.When you request Scotiabank to issue a supplementary card, we will also issuerenewal and replacement cards for such supplementary card, unless the card iscancelled by you or Scotiabank. You understand and agree that a SupplementaryCardholder’s signature on or use or retention of the supplementary card issuedin his or her name shall evidence your receipt of the agreements relating to theaccount and your acceptance of their terms.

® Registered trademarks of The Bank of Nova Scotia.* Visa Int./Licensed User.† Merchants set their own limits for the maximum value of a Visa payWave

transaction that does not require a signature or PIN.

10061772 (08/19)