As a Carte Wealth Management Inc. Representative I am engaged in various business activities including being a registered mutual funds salesperson, a licensed life insurance advisor and a Director/Owner of various companies and represent separate companies for each purpose. As such, you may be dealing with more than one company depending on the products purchased, or services rendered. Remuneration also varies with the products purchased, or services rendered. I will be representing Carte Wealth Management Inc. for the sale of mutual fund products and will provide you with the name of the entity that I represent while conducting business as a licensed life insurance advisor and as a Director/Owner of various companies. The sale of life insurance products & services and the business activities of the companies for which I am a Director/Owner, are not the business of, or under the supervision of Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I, Shiv Kalyan, am a registered mutual fund salesperson represented by Carte Wealth Management Inc.

I am also an independent licensed life insurance advisor under contract with Carte Risk Management Inc., insurance managing general agencies, through which I place life insurance business. Any activity relating to my occupation as a licensed life insurance advisor is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I am also a Director/Owner of 1699241 Ontario Inc., an entity that does not have active business activities, of Zanti Homes Inc., an entity that purchases homes, flips them and sells them for a profit, and of Nobias Financial Services Agency Inc., an entity through which I place my life insurance business, an entity to which my life insurance and mutual fund commissions are paid and an entity whose name I use as a trade name when conducting mutual fund related business. Any activity relating to my position as a Director/Owner is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I, Shiv Kalyan, wish this distinction to be clear, and if you are not sure of the difference, let us discuss it, or I can suggest sources from which you can obtain the necessary explanation. Our self-regulatory organization, The Canadian Investment Regulatory Organization (“CIRO”), has rules which state that the distinction between these Dual Occupations must be clear and that you understand the difference for the purposes of mutual fund transactions.