The "Extended Warranties" have been customized for each year of the program. Common to each warranty are the following elements:

• What is an "Adverse Notice of Reassessment"
• The definition of "Appraised Value",
• Claims: What to do in case of a reassessment & Who to contact,
• Who is protected: Who can name a beneficiary & How are beneficiaries are named

Outlined below, is the most important sections of the warranty protection in how it pertains to you, "The Buyer".

"Adverse Notice of Reassessment"
Means a Notice of Reassessment issued by the CRA or any provincial tax authority to a Buyer whose Extended Warranty is covered under this policy that reassessed the federal or provincial income tax owing by the particular Buyer on the basis that the fair market value of the Property is less than the Warranty Value or the structure of the Charitable Donation Program results in the reduction of the non-refundable tax credit that would be claimed based on the Appraised Value;

"Appraised Value"
Means the fair market value of the Property as set out in the Essential Merchandise Certificate received from the Trustee in respect of the Property;

Article 8: Claims

8.1

Claims upon this warranty by the Insured Seller shall be made by presentation to Insurer and to Fasken Martineau DuMoulin, Attention: FMV Tax Litigation Clerk, with a sworn proof of claim substantially in the form attached as Exhibit E to this program completed and duly executed by the Insured Seller (or its designated authorized representative) with the following documents attached:

Article 9: Designated Beneficiaries & Subrogation

9.1

Designated Beneficiaries: The Insured Seller may designate any Buyer as a beneficiary under the Insured Seller's policy. Each such designation shall be made by the delivery of a completed and duly executed Designated Form to the Insurer that identifies the Buyer, the Extended Warranty, and the Property to which it applies. Upon receipt by the Insurer of the completed and duly executed Designation Form, the policy coverage will become effective with respect to the identified Extended Warranty for that Buyer. The designation of a Buyer shall be irrevocable unless both the Buyer and the Insured Seller otherwise jointly direct the Insurer. Where a Buyer has been designated as a beneficiary under this policy, any coverage amount payable by the Insurer on behalf of the Insured Seller in respect of an Extended Warranty shall be paid to or to the order of the Buyer.

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