BMO Investment Lending Program

1. BMO Investment Lending Program IPC Portfolio Securities Inc. – Advisor Equity Program Sep 2012

2. Program Overview • BMO Bank of Montreal & IPC Portfolio Services Inc. are pleased to partner on a new exclusive Investment Lending arrangement for IPC Advisors. This new arrangement will facilitate the purchase of IPC Portfolio Services Inc. shares using BMO Bank of Montreal’s Investment Lending Program. The availability of BMO Bank of Montreal’s Investment Lending Program will provide accessibility to products such as Personal Loans, Demand Loans and various Lines of Credit which are now all easily accessible thanks to this new arrangement. In addition, IPC Advisors will be able to take advantage of BMO Bank of Montreal’s competitive Investment Lending rates. • This new partnership will make it possible for IPC Advisorsto also apply for a small business loan, as needed, for the purchase of IPC Portfolio Services Inc. shares. Please note, an application fee for commercial loans may be applicable. The commercial borrowing process may allow the opportunity to use IPC Portfolio Services Inc. shares as collateral for the application. We understand that your circumstances and goals are unique. That's why our experts can help customize a financial solution to meet your needs. • BMO Investment Lending Specialists (ILS) recognize how valuable your time is, so they come prepared. AnILS will take care of all aspects of the lending transaction from meeting with you at a time that is convenient, to reviewing lending options, to completing the final documentation and obtaining signatures. This ensures that your time and attention can be focused on your other daily activities.

3. BMO Bank of Montreal Investment Lending Products Personal Demand Loan Personal Loan Plan Primary Features Can be used for a variety of needs Can be used for a variety of needs Principal plus interest payments or interest only Repayment Schedule Principal plus interest payments Type of Rate Available Variable Fixed or variable $10,000secured Minimum Loan Value $10,000 On demand fully margined (that is 2:1) and tested periodically with a tolerance of 1.8:1 for exceptional customers, 1.5:1 margin available and tested periodically with a tolerance of 1.3:1, may be subject to annual review Maximum 30 year amortization subject to approval Term & Authorization 1 Available to Canadian residents only and must be secured by a 1st mortgage over borrower’s principal residence. Bank of Montreal’s usual credit criteria must be met. Some conditions apply. Terms, conditions, and options are subject to change without prior notice. t Charges and appraisal fees may apply. * Revolving and variable rate portions are fully open for prepayment. Fixed term variable rate and fixed rate instalment portions are eligible for “20 + 20” prepayment privileges otherwise prepayment penalties apply. Some conditions apply. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms, remains the same, even if the value of the securities purchased declines. Note: Security registration fee may apply for PLPs, PDLs and PLOCs.

4. BMO Bank of Montreal Leveraged Loans Products * Homeowner’s Line of Credit 1,t Homeowner’s Readiline Personal Line of Credit A line of credit secured with your home Borrow just what you need, when you need it Interest only payments on the revolving portion of the account and flexible instalment arrangements to fix the payments on a portion of the revolving. Primary Features The greater of 2% of the outstanding balance or $50. Interest only payments if authorized The greater of 2% of the outstanding balance or $50 and interest only payments Interest only payments on the revolving portion. Fixed and variable instalment arrangements available for the outstanding balance of the revolving up to the authorized limit Repayment Schedule Type of Rate Available Variable Variable rate at prime & fixed Variable & fixed Minimum Loan Value $10,000 $10,000 secured $10,000 secured Instalment arrangement available upon request Instalment arrangement available upon request Instalment arrangement available upon request Term & Authorization 1 Available to Canadian residents only and must be secured by a 1st mortgage over borrower’s principal residence. Bank of Montreal’s usual credit criteria must be met. Some conditions apply. Terms, conditions, and options are subject to change without prior notice. t Charges and appraisal fees may apply. * Revolving and variable rate portions are fully open for prepayment. Fixed term variable rate and fixed rate instalment portions are eligible for “20 + 20” prepayment privileges otherwise prepayment penalties apply. Some conditions apply. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms, remains the same, even if the value of the securities purchased declines. Note: Security registration fee may apply for PLPs, PDLs and PLOCs.

5. BMO Bank of Montreal Commercial Loan Products Is There Anything Else I Need to Know? The Details Is This Right For You? Commercial Line of Credit (CLOC) The Commercial Line of Credit is a variable-rate revolving credit facility that can be either secured or unsecured and features a very competitive interest rate. The CLOC provides control and convenience of access to your available credit. Available credit limits range from between $10,000 to $100,000 for an unsecured line of credit*, to between $25,000 to $250,000 for a secured line of credit.* CLOC is available to Canadians who have been operating a profitable business for at least 2 years, as evidenced by realistic income statements. Non-residents, not for profit organizations, holding companies and real estate developers/investors/operators are ineligible for the CLOC. The BMO Bank of Montreal Commercial Loan Insurance Plan is available to qualified borrowers.*** Businesses can access their CLOC by using: No-fee Line of Credit cheques. No-fee Commerical Line of Credit MasterCard® in your business name, issued on your CLOC account.** Pre-authorized debits/credits. A FirstBank Card® at any branch or BMO Bank of Montreal ABM Fixed Rate Term Loan Terms of up to 5 years are available. Interest is fixed for the term selected. An amortization period of up to 15 years is also available. Principal repayment options are monthly, quarterly, semi-annual and annual. Interest is paid monthly. Blended monthly payments (to include both principal and interest) will be fixed for the term selected. Prepayment only on an exception basis and is subject to a penalty during the period of the term selected. Loan cannot be called unless in default as stipulated in the loan agreement. Security in addition to asset(s) being financed may be required. You are looking for longer term loans to acquire new or existing business, to buy fixed assets such as equipment and machinery, or refinance existing debt. You want protection against interest rate fluctuations. You need longer amortization periods for lower monthly payments. A BMO Bank of Montreal Fixed Rate Term Loan may be the answer. The BMO Bank of Montreal Commercial Loan Insurance Plan is available to qualified borrowers. * Bank of Montreal's usual credit granting criteria must be met.** Subject to meeting MasterCard requirements.*** Subject to meeting eligibility requirements. Some conditions and restrictions apply.

6. Process…we’re with you every step of the way! IPC Advisor uses BMO locator tool to find nearest BMO Specialist. www.bmo.com/investmentlending IPC Advisor determines a loan is required Origination IPC Advisor and BMO Specialist discuss loan options. Personal or commercial loan application completed Approved BMO Specialist contacts IPC Advisor to advise decision. Declined BMO Specialist contacts IPC Advisor to advise decision and provide other alternatives if available. BMO Specialist adjudicates deal and makes recommendation. BMO Specialist enters the application to BMO’s adjudication system. In many instances, we can provide a loan decision on the same day (Mon.-Fri.). If for any reason a decision has not been determined; we’ll contact you within 24 hours. Adjudication IPC Advisor completes required documentation and finalizes loan agreement. Loan funds are made payable “In Trust” to “IPC Portfolio Services Inc.” and the funds forwarded to Ron Kassies at IPC Head Office. Arrange for a convenient time/location to finalize the loan details Fulfillment/ Booking BMO Specialist and IPC Advisor agree on a course of action. BMO Specialist liaises with IPC Advisor to manage administration & service of Bank of Montreal loan product based on the terms and conditions agreed to during the fulfillment/booking activities Servicing