Golden Credit Card Trust

Golden Credit Card Trust — Terms of Access

Please review the entire terms and conditions below:

PLEASE READ CAREFULLY THE FOLLOWING TERMS AND CONDITIONS. BY ACCESSING THIS SITE AND THE INFORMATION CONTAINED HEREIN, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW. IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS, DO NOT ACCESS THIS SITE OR ANY OF THE INFORMATION CONTAINED HEREIN.

No Offer or Solicitation

The information contained on this website is provided for informational purposes only. Neither this website nor anything contained herein shall constitute an invitation or recommendation to invest or otherwise deal in, or an offer to sell or the solicitation of an offer to buy or subscribe for, any of the securities referred to on this website (Securities). There shall be no sale of any Securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to qualification under the securities laws of such state or jurisdiction. Professional advice should be sought prior to any decision to invest in securities.

For the avoidance of doubt, nothing on the website constitutes an offer of securities for sale in the United States. The Securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended (Securities Act). The Securities have not been registered under the Securities Act or any U.S. state securities laws. You may neither access this website nor trade in the securities unless you are either (a) not a 'U.S. person' (as that term is defined in Regulation S under the Securities Act) and are not in the United States (as that term is defined in Regulation S under the Securities Act) or (b) a 'qualified institutional buyer' (as that term is defined in Rule 144A under the Securities Act).

If you are a resident of the United Kingdom, you confirm that you are a person who (i) has professional experience in matters relating to investments or (ii) is a high net worth entity falling within Article 49(2)(A) to (D) of the Financial Services and Markets Act (Financial Promotion) Order 2005. If you do not satisfy either (i) or (ii) you should not access this website.

You agree that you have not made and will not make any offer of Securities other than in accordance with applicable law and regulation.

Investment Considerations

An investment in asset-backed securities entails certain risks, including those described in the offering documents relating to the securities. The information contained on this website is not sufficient or complete to make a decision regarding investments in any asset-backed securities issued or sponsored by Royal Bank of Canada (RBC) or any of its affiliates. Any reported performance results should not necessarily be considered indicative of future performance. Prospective investors should consult their own financial and legal advisors about risks associated with investments in a particular issue of securities and the suitability of investing in such securities in light of their particular circumstances.

Disclaimer of Advice

This website does not purport to provide any financial, investment, tax, accounting or legal advice or recommendation.

Access to and use of this Website

Unauthorized use of this website or misuse of any information included on this website is strictly prohibited. The information and data contained on this website may not be reproduced, disseminated or distributed in whole or in part at any time, in any manner or for any purpose, without obtaining the prior written consent of Royal Bank of Canada (RBC) in each specific instance. The distribution of material on this website may be restricted by local law in certain jurisdictions and failure to comply with such restrictions may constitute a violation of the laws of any such jurisdiction. Persons accessing this website should inform themselves about, and observe any such restrictions. You may not engage in any activities related to this website that are contrary to any applicable law or regulation or the terms of any agreements between you and RBC.

No Liability

The materials included on this website have no regard to the specific investment objectives, financial situation or particular needs of any recipient. The information is historical in nature and should not be relied on when making any investment decision. No representation or warranty, express or implied, is or will be made in relation to, the accuracy or completeness of the information on this site. None of RBC, Golden Credit Card Trust (the Issuing Entity) or their respective affiliates is responsible for any errors in or omissions from the information contained in or accessed through the website. No liability whatsoever is or will be accepted by RBC, the Issuing Entity or their respective affiliates for any loss or damage howsoever arising out of or in connection with the use of this website or its contents, including but not limited to lost profits or lost opportunity, or any direct, special, consequential, incidental or punitive damages whether the claim for such damages is based on warranty, contract, tort or otherwise even if RBC, the Issuing Entity or any of their respective affiliates have been advised or should have been aware of the possibility of such damages. The limitations and exclusions set out in this clause are reasonable having regard to all the relevant circumstances and the levels of risk associated with each party’s obligations under these Terms and Conditions.

No Duty to Update or Correct Materials

The materials included on this website are historical in nature and only current and accurate as of the date of the materials. None of RBC, the Issuing Entity or any other party has any duty to maintain or update any material included on this website, except as required under applicable securities legislation. Historic performance information is no indication of future performance.

Materials Subject to Change

The materials contained on this website may be amended, supplemented, or otherwise modified by RBC at any time without notice to or consent from any other party from time to time.

RBC Positions

RBC may have its own interests in relation to the Issuing Entity or transactions mentioned on the website.

Discontinuance and Disruption of Service

RBC, the Issuing Entity or its suppliers may discontinue this website at any time. Also, access to this website may from time to time be unavailable, delayed, limited or slowed. If access to this website is unavailable, delayed or limited, or if this website does not operate quickly and efficiently, you may be unable to retrieve information on a timely basis. None of RBC, the Issuing Entity or any of their respective affiliates will be liable for any computer viruses or malicious code in this website introduced into this website by someone other than us or any other problems experienced by you due to causes beyond our control.

Click Through

Any acknowledgment, agreement or other type of click through button on this website that is selected to evidence agreement or an acknowledgement shall have the same force and validity as a paper copy of an agreement that has been manually signed and delivered.

Governing Law

These Terms and Conditions and any non-contractual obligations arising out of or in conjunction with this website, will be governed by, and construed in accordance with, the laws of the Province of Ontario, Canada, and Ontario courts will have jurisdiction to settle any disputes which may arise in connection with these Terms and Conditions.

Forward-Looking Statements

Material on this website may contain forward-looking statements within the meaning of certain securities laws, including the ‘safe harbour’ provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements contained in this website may include but are not limited to, statements made in this website regarding RBC, the Issuing Entity and/or their respective affiliates, and the future performance of RBC and the Issuing Entity. Any forward-looking information contained in this website is presented for the purpose of assisting authorized readers in understanding RBC and the Issuing Entity’s financial position and results of operations as at and for the periods ended on the dates presented and may not be appropriate for other purposes. Forward-looking statements are typically identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan”, and “project” and similar expressions of future or conditional verbs such as “will”, “may”, “should”, “could” or “would”.

By their very nature, forward-looking statements require certain assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that predictions, forecasts, projections, expectations or conclusions will not prove to be accurate and that such assumptions may not be correct. Readers are cautioned not to place undue reliance on these statements as a number of risk factors could cause actual results to differ materially from the expectations expressed in such forward-looking statement. These factors – many of which are beyond RBC and the Issuing Entity’s control and the effects of which can be difficult to predict include: general economic and financial market conditions in Canada and the U.S.; the impact of changes in laws and regulations or their interpretations or implementation; credit, market, liquidity and funding, insurance, operational, regulatory compliance, strategic, reputation, legal and regulatory environment, competitive and systemic risks, and the risks discussed in RBC’s most recent Annual Report and Management’s Discussion and Analysis and the Issuing Entity’s most recent Annual Information Form and Management’s Discussion and Analysis. Readers are cautioned that these risk factors are not exhaustive and other factors could also adversely affect RBC and the Issuing Entity’s results. When relying on the forward-looking statements contained in this website to make decisions with respect to RBC or the Issuing Entity, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

Except as required by law, none of RBC, the Issuing Entity and/or their respective affiliates undertakes to update any forward-looking statement, whether written or oral, that may be made from time to time on this website.