HELOCS Trust Program

Canadian Imperial Bank of Commerce (“CIBC”) owns and maintains this website (the “Site”). By accessing or using the Site, you signify your agreement with and understanding of the following terms and conditions of use (“Terms of Use”). If you do not agree with any of the Terms of Use, do not access or use the Site. We reserve the right, in our sole discretion, to modify, alter or otherwise update these Terms of Use at any time and you agree to be bound by such revisions, modifications, alterations or updates. You agree to review these Terms of Use on a regular basis and your continued use of the Site means that you agree with any revisions, modifications, alterations or other updates made to the Terms of Use.

CIBCCIBC (TSX/NYSE: CM) is a bank chartered under the Bank Act (Canada) having its registered office in Toronto, Ontario, Canada, and regulated by the Office of the Superintendent of Financial Institutions.

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Your use of the Site is not intended to and shall be deemed not to create a legal relationship of any kind between yourself and CIBC, nor to amend or vary any existing legal relationship. Under no circumstances, including, but not limited to, negligence, will CIBC be liable for any special or consequential damages that result from the access, reliance, use of, or the inability to access or use the Site or the materials on the Site, even if CIBC or an authorized representative of CIBC has been advised of the possibility of such damages. In no event shall CIBC’ total liability for any and all damages and causes of action exceed the amount paid by you, if any, for the access to and use of the Site.

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Under no circumstances should any material on the Site be used or considered as an offer to sell or a solicitation of any offer to buy the securities, products or any other instruments of CIBC World Markets Inc. or any other issuer or subsidiary of Canadian Imperial Bank of Commerce. The material found on the Site is not intended to constitute financial, legal, tax, investment, professional or expert advice and is only intended for general circulation purposes to users of the Site.

CIBC may make a market or deal as principal in the securities, commodities or instruments mentioned in materials at this site or in options or other derivative instruments based thereon. In addition, CIBC, or its shareholders, directors, officers, employees and/or other affiliates, may from time to time have long or short positions in such securities or in options, futures or other derivative instruments based thereon. CIBC or its affiliates may have managed or co-managed a public offering of, or acted as initial purchaser or placement agent for a private placement of, any of the securities of any issuer mentioned on the Site, or may from time to time perform investment banking or other services for, or solicit investment banking or other business from, mentioned companies. CIBC and/or any of its affiliates may have received remuneration in connection with any of the activities described immediately above.

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For purposes of providing users with convenience, various links to third party sites (“Third Party Sites”) may be found on the Site. CIBC has no control over any of the material found on these Third Party Sites. Your use of any Third Party Site is at your own risk. CIBC does not review, endorse, approve or control any of the Third Party Sites linked to the Site, and are not responsible for the content of any other websites linked to the Third Party Sites. CIBC makes no representations and are not responsible for the quality of any Third Party Site. The inclusion of links to these Third Party Sites should not be taken in any way to be an endorsement by CIBC of any information found upon the Third Party Site and does not imply that CIBC has verified any of the information provided on the Third Party Sites. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, trojan horses and other items of a destructive nature.

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The Site is administered by CIBC from Toronto, Canada. This agreement shall be governed by and construed in accordance with the substantive and procedural laws of the Province of Ontario and the laws of Canada applicable therein, without giving effect to any principles of conflicts of laws. You submit and attorn to the exclusive jurisdiction of the courts of the Province of Ontario to finally adjudicate or determine any suit, action or proceeding arising out of or in connection with your use of the Site.

I ACKNOWLEDGE AND CONFIRM THAT I HAVE READ, UNDERSTAND AND ACCEPT THE ABOVE TERMS AND CONDITIONS OF ACCESS.