Principal Protected Notes

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Dundee Bank of Canada Boosted Income Deposit Notes, Series 1

Early Trading Fees

During the first 18 months following the Issue Date, an Early Trading Charge will apply to any secondary market sale of a Note through the Selling Agent. The Early Trading Charge will be equal to a percentage of the Principal Amount of the Note, determined as follows:

If Sold Within	Early Trading Fee
0 - 12 months	4.50%
12 - 18 months	3.25%
Thereafter	Nil

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