Congratulations!

March 7, 2025

Ashar Mansoor
Missisauga, Ontario

Dear Ashar:

We’re delighted you’re considering joining Scotiabank! We look forward to having you on board.

At Scotiabank, our purpose, for every future, defines our commitment and our culture – for our clients, the communities we
operate in, for our Bank and our shareholders, and for our employees to build and develop satisfying careers. It’s why we do
what we do. We make amazing things happen all over the world, one client at a time, delivered by one employee at a time.

Here is a summary of our offer for you. Please carefully review it before indicating your acceptance of this offer.

By clicking the Accept button below, you confirm that you have read and are in agreement with the terms and conditions as
outlined in this offer. Confirm and select your acceptance or decline of this offer within five (5) business days of your receipt of
this offer, after which it will expire. Please retain a copy of this offer for your own records.

At the time of acceptance, please let us know if you require work accommodation including those related to any disability, or
family or religious obligation. Scotiabank is committed to being an inclusive workplace which enables all employees and clients
to fulfill their potential and provides equal access to opportunity. We will ensure we work with you to meet your needs in advance
of your start date and in accordance with our policies and procedures on accommodation in the workplace.

Please note that information regarding how we protect and manage your personal information is set out below, in the section
titled “Privacy”.

If you have any questions about our offer, feel free to reach out to me at [Link]@[Link].

Sincerely,

Emma Barbu
Consultant, Talent Acquisition
Scotiabank

Your Role

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The details of your offer are as follows:

Role Details

On behalf of The Bank of Nova Scotia (“Scotiabank”), I am pleased to offer you the regular full-time position of Banking Advisor
Trainee, job level 05.0, reporting to M. Sohail Chaudhary.

Your employment will commence on March 24, 2025 at our 4519 Dundas Street, Burlington, ON location.

Hours of Work

Your regular hours of work are 37.5 hours per week.

You are eligible for overtime compensation should you be required, permitted, and approved to work overtime eligible hours in
accordance with the Scotiabank’s Overtime Policy. This policy is available on Ask HR in me@scotiabank.

Scheduling

To support the delivery of excellent client service, all retail employees operate under flexible and dynamic schedules*. What this
means is:

• For all employees, a flexible schedule means increased availability based on the hours of their branch.

• Sales and Management employees operate on rotational schedules aligned to all hours of operation.

*Employee work schedules are designed to support the delivery of excellent client service and the achievement of performance
and business goals. The Bank reserves the right to make amendments to your working hours in accordance with its Human
Resources policies and programs.

Mobility

The location of your placement during or on conclusion of the training program is dependent upon vacancy opportunities and as
a condition of your employment, requires you to be mobile within a 1 hour commute district branches. In certain locations, this
position may be scheduled for flexible/extended work hours.

Training

It is a requirement of your role to participate in an internal training program; training is mandatory and not negotiable. Training
will occur on or after March 24, 2025 and will last for approximately up to 12 weeks for Banking Advisor. A condition of your
employment with the Bank is successful completion of this training program and your progress during your training will be
carefully assessed on a regular basis. A copy of your Learning Plan will be provided after commencement of employment and
we encourage you to review the policy.

Accreditation

For other similar or related purposes that are reasonably necessary for the proper management of Scotiabank's business and/or
to administer the employer-employee relationship.

In line with the Bank’s requirements for the Banking Advisor position, it is a condition of your employment and a requirement of
your position that you must:

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 • Be licensed to sell mutual funds – Canadian Investment Funds Course through IFSE (or Bank recognized equivalent)
within 6 months of your appointment date.

• Have completed the CIFP Registered Financial and Retirement Advisor Designation (RFRA) (or Bank recognized
equivalent) within 18 months of your appointment date.

In addition, you will be required to maintain your designation and licensing in good standing annually by meeting the
credentialling body’s continuing education (CE) requirements through both Scotiabank’s CE program and any additional
requirements specific to your bank-recognized equivalent accreditation. Any annual renewal fees associated with keeping your
bank-recognized equivalent credential in good standing should be paid, and will be reimbursed by Scotiabank.

Upon successful completion of the above conditions, as well as a minimum of one-year banking experience, your position title
role will be changed to Financial Advisor job level 5. If you have completed the above conditions prior to completing one-year of
job experience, you will remain in a Banking Advisor Position title until the one-year experience is met.

In the event you are unable to fulfill the above conditions within the timeframes outlined, your employment will cease for cause
without further notice or any obligation on the part of Scotiabank. This letter will serve as advance notice of that event.

Please refer to the attached reference guide outlining the responsibilities and requirements of the Branch Compliance Officer
and the process for registering as the BCO at your new branch.

Your Compensation and Benefits

Your compensation and benefits are described below. All compensation and benefits programs and arrangements are subject to
eligibility and qualifying criteria, are governed by the terms of the plan documents or policies, and are subject to change at the
discretion of Scotiabank. All amounts provided to you pursuant to this offer of employment are in Canadian dollars, less
applicable tax, withholdings, and deductions.

Salary

Your salary will be $120,000.00 per annum which will be paid on a bi-weekly basis, less any applicable taxes, withholdings,
and deductions.

Incentive

You are eligible to participate in Branch Incentive Plan (BIP), subject to the terms of the plan. Your incentive target will be 8%.

Your actual award will be based on your annual base salary as of October 31 of the current plan period and reflective of your
individual performance and business results. You must be actively employed on the date of payment and not have resigned,
been terminated for any reason, or be on salary continuance payments from the Bank prior to the end of the applicable fiscal
year. After you start employment, you will be able to review details of the plan on me@scotiabank including a full list of eligibility
requirements. Please ensure you review the compensation plan for full details as soon as it is available to you. If you would like
a copy of the Guide/Policy now, contact your talent acquisition consultant.

Vacation

You are eligible to take up to 16 days of vacation (expressed in hours on the time and attendance tracking system),
administered on a calendar year basis, in accordance with the Scotiabank's vacation policy. Vacation entitlement is prorated in
the first year. New employees must complete a three-month waiting period prior to taking their first vacation.

Scotiabank Pension Plan (SPP)

You will be eligible for membership in the Scotiabank Pension Plan (SPP), in accordance with the terms and conditions of the
SPP, including the applicable waiting period, to assist you in achieving your personal retirement income objectives. When

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eligible, you agree to join the applicable Pension Plan of Scotiabank.

Employee Share Ownership Plan (ESOP)

You will be eligible for membership in accordance with the ESOP terms and conditions, including the applicable waiting period,
to give you a stake in Scotiabank's success.

Canadian Benefits Plan

You will be eligible for the Canadian Benefits Plan which provides core coverage for you and your eligible dependents. Core
coverage includes Scotiabank-paid and mandatory employee-paid coverage. You can also increase your coverage to meet your
specific needs, using Scotiabank- provided flex dollars and through payroll deduction. As part of Scotiabank-paid core coverage,
you have access to health and well-being support services. Some of these include virtual health care, employee discount
program, back-up childcare and adult/eldercare, and Employee and Family Assistance Program (EFAP). After you start
employment, you can visit the Total Wellbeing page on me@scotiabank for more information.

You will receive your Canadian Benefits Plan benefits enrolment email from Manulife within 7-10 business days of your start
date. If you have a spouse that you wish to cover for benefits you will need to ensure your profile in me@scotiabank is updated
with your spouse’s information.

* In the absence of provincial health plan coverage, any expenses that would normally be payable through the province are not
covered by the Canadian Benefits Plan and/or the Bank’s disability plans. If you do not have provincial plan coverage in place,
after you start employment, please reach out to AskHR for available options.

Short Term Disability (STD)

You will be eligible for income protection and an integrated process for disability management, facilitating a return to health for
employees requiring time away from the workplace due to medically substantiated illness or injury for up to 26 weeks, in
accordance with the terms and conditions of applicable policies and the plan.

Long Term Disability (LTD)

You will be eligible for Long-term Disability, which pays a monthly benefit if you are away from work for more than 26 weeks due
to an approved illness or injury. Comprehensive case management is provided to support your recovery and return to work.
Long-Term Disability coverage is mandatory. Premiums for Long-Term Disability are fully paid by you and therefore any benefits
received when a claim is approved are not subject to tax.

Leaves of Absence and Support

Personal and sick time and other leaves of absence for specified circumstances will be available to you.

Employee Banking Benefits

You are eligible to access employee pricing, preferred rates and fee waivers on a range of banking, investment, and insurance
services such as mortgages and credit cards. It is a condition of your employment that you have a Scotiabank bank account for
payroll purposes.

Learning and Career Development

You will have access to me@scotiabank and a catalogue of over 1000 courses.

Reimbursement of Reasonable Work-Related Expenses

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Certain expenses will be reimbursed by Scotiabank in accordance with applicable HR policies (see AskHR on me@scotiabank)
and Finance policies (on Viva Scotia). No expense must be incurred by employees other than as set out in those policies or
unless pre-approved in writing by your manager.

Conditions of Employment

In consideration of Scotiabank’s offer of employment to you, you agree to the following conditions of employment.

Occupational Health and Safety Protocols

You understand and agree that, as a condition of employment you will be required to comply with all health and safety protocols
and policies.

Background Checks

This offer of employment is conditional upon Scotiabank and/or its service providers completing a satisfactory check of your
background. This includes, but is not limited to, a criminal record check and verification that your education, work experience,
and any other skills described by you are accurate and complete and, where required, meets regulatory requirements.

You will be required to sign additional consents in order to complete the required background checks. You consent to
Scotiabank obtaining information with others, including other financial institutions, as required to confirm or to clarify information.
These background checks are mandatory, and while some checks are required to be complete with satisfactory results prior to
your start date, others may be completed or may need to be updated with satisfactory results after your start date as
contemplated below. Please ensure that you promptly provide the required information to begin this process as delays could
cause a delay with your start date.

Furthermore, in order to meet business and regulatory requirements, you understand and agree that during the course of your
employment, you agree to Scotiabank and/or its service providers:

(1) performing additional background checks as a part of Scotiabank’s enhanced screening process; and

(2) conducting certain ongoing screening (including and name scanning against various published lists).

Such requirements may entail the collection of criminal and credit history information as well as other information that relates to
your continued suitability for employment.

You agree Scotiabank will be entitled to cancel/rescind your offer of employment or terminate your employment without further
notice if:

(1) You do not provide consent to any background check and/or to the release of the results to Scotiabank.

(2) Scotiabank determines that you falsified or omitted any information on your application or during the recruitment
process; and/or Scotiabank deems the results of any background check to be unsatisfactory (including results which
would render you incompatible or unsuitable for continued employment with Scotiabank).

Probationary Period

You will be on probation for a period of 6 months commencing on the start date of your employment (“Probationary Period”).
Your performance and suitability will be monitored and evaluated during the Probationary Period. Scotiabank may extend your
probationary period. However, in no event will the Probationary Period be extended to 12 months or longer.

The probationary period will provide both you and Scotiabank with the opportunity to determine whether an ongoing employment
relationship should be established. During the probationary period, Scotiabank may terminate your employment. Should your

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employment be terminated during the Probationary Period, you will be entitled to only the minimum statutory notice (or pay in
lieu of the minimum statutory notice), including any benefit continuation, and any other entitlements required by the Canada
Labour Code and nothing more. For clarity, you will not be entitled to common law reasonable notice.

Ability to Work

Your employment is contingent upon your legal entitlement to work in Canada as well as other accreditations required to perform
your role. You agree to provide evidence if required by Scotiabank. If you accept this offer, you will be required to provide, as
soon as possible, your Social Insurance Number (SIN) and, where applicable, provide a copy of any temporary work Visas.
Scotiabank has sole discretion to terminate your employment without further notice if it learns that you do not have legal
entitlement to work in Canada or do not have the accreditations to perform your job either at the time of hiring or at any point
during your employment.

Changes

As circumstances change, Scotiabank may also make changes to certain terms and conditions of your employment. For
example, Scotiabank may change your reporting relationships, your duties or responsibilities, your hours of work, or the location
of your employment. In addition, the Bank reserves the right to unilaterally alter, vary or amend the terms or conditions of, or to
eliminate altogether, any Policies, as well as any benefit plan or program, and/or incentive or other compensation program. You
understand and agree that any such changes shall not constitute a constructive dismissal of your employment.

Best Efforts

It is a condition of your ongoing employment that you maintain satisfactory performance and demonstrate Scotiabank’s values.
You agree to perform faithfully, diligently, and to the best of your ability, experience, and talents all of the duties that may be
required of you.

Code of Conduct and Bank Policies

You agree that you will read, abide by, and execute all required training, and attest to your compliance with, Scotiabank’s Code
of Conduct, as amended from time to time. You will receive a copy of Scotiabank’s Code of Conduct shortly as a part of your
welcome package.

You agree that you will read, abide by, and execute all required training and sign-offs on all policies, codes, rules, systems, and
procedures which are in place at Scotiabank (collectively, the “Policies”), as amended from time to time. Information about
Scotiabank’s human resources Policies can be found on Ask HR in me@[Link], an intranet site for Scotiabank
employees. All other Policies are available to you on the intranet as well. You should review all Policies regularly. Scotiabank
reserves the right to make amendments to Policies provisions up to and including their cancellation at any time.

Potential Conflicts of Interest

Scotiabank strives to ensure that all candidates for employment are considered based on appropriate qualifications and are not
given preferential treatment based on their personal or business relationships, including their political, governmental, or other
affiliations. To ensure that robust, merit-based hiring processes are applied and to help ensure that hiring decisions are based
on appropriate qualifications and expected job performance, you are asked to disclose any personal or business relationships
that you, a relative, or someone in your household has with Scotiabank clients* (current or prospective) or business partners of
Scotiabank and its subsidiaries, Scotiabank employees, or Public Officials (including family members of Public Officials). To
ensure that Scotiabank applies uniform standards to all employees, this offer is conditional on a conflicts of interest review of
any personal and/or business relationships disclosed.

You agree that you will avoid any real, perceived, or potential Conflicts of Interest as described in the Scotiabank Code of
Conduct and all applicable Scotiabank Policies. In particular, you agree that:

a) Within 30 days of joining Scotiabank, you will disclose to your manager any outside business activity, such as
employment outside Scotiabank working hours or any financial interest you hold in a Scotiabank client, supplier, service

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 provider, or other entity having a close business relationship with Scotiabank to ensure these activities do not create a
conflict. You also understand that Scotiabank reserves the right to require you to give up any outside business activity
that it determines pose a conflict with your employment.

b) You will not serve as a Director of another corporation during your employment with Scotiabank, except in
accordance with Scotiabank’s Code of Conduct, and you will follow the rules and procedures for reporting and/or
obtaining approval of corporate directorships as set out in Scotiabank’s Corporate Directorships Policy. You understand
that you will have to report and/or obtain the approval of your manager and the Compliance Department to serve as a
Director of an outside corporation while employed with Scotiabank (except in certain limited circumstances as specified
in Scotiabank’s Code of Conduct and the Corporate Directorships Policy). You therefore agree that, within 30 days of
joining Scotiabank, you will report to your manager any outside directorships that you currently hold, and you will seek
approval from your manager and Compliance where applicable. You also understand that Scotiabank reserves the right
to require you to give up any directorships that it determines pose a conflict with your employment.

c) You will inform Scotiabank of all money, securities, and other property which belong to Scotiabank that come into
your custody or control by virtue of your employment.

d) You agree to reimburse Scotiabank for any loss suffered by it as a result of misappropriation by you of any money,
securities, or other property in the performance of your duties.

Intellectual Property

You acknowledge and agree all your right, title, and interest, in, to, and under all Intellectual Property which you may create,
conceive, develop, or reduce to practice during your employment with Scotiabank and which:

i. relates directly or indirectly to Scotiabank’s present or reasonable foreseeable business, research, or development;

ii. results from any work performed by you for or at Scotiabank; or

iii. is created, conceived, developed, or reduced to practice using any equipment, supplies, resources, intellectual
property, or confidential information of Scotiabank, property or confidential information of Scotiabank; whether or not
done during or after working hours, on or off Scotiabank’s premises, or alone or with others, will vest with Scotiabank.

You also waive and will waive your moral rights in any copyright work in such Intellectual Property in favour of Scotiabank. You
acknowledge that Scotiabank is the owner of such Intellectual Property. You agree to disclose to Scotiabank all Intellectual
Property developed by you during your employment with Scotiabank, either individually or in collaboration with others. Finally,
you agree to execute any further assignments, applications, or other documents as requested by Scotiabank in order to protect
Scotiabank’s intellectual property and give effect to the above and to assist Scotiabank in enforcing its rights in respect of its
Intellectual Property.

Confidentiality

During your employment, you may have access to proprietary and confidential information belonging to Scotiabank, its clients,
its suppliers, and others (“Confidential Information”). Confidential Information includes but is not limited to client lists, marketing
plans, proposals, contracts, technical and/or financial information, databases, software, and know-how. All Confidential
Information remains the confidential and proprietary information of Scotiabank. You shall, both during and after your employment
with Scotiabank, keep all Confidential Information confidential and shall not use any of it except for the purpose of carrying out
authorized activities on behalf of Scotiabank and as required by law. Confidential Information includes your benefits and
compensation arrangements, the particulars of which you should not discuss with other Bank employees. You will not disclose to
or use for the benefit of Scotiabank any confidential and proprietary information derived from sources (including previous
employment outside of Scotiabank) other than employment with Scotiabank.

Privacy

In accordance with applicable legislation and Bank policies (including Scotiabank’s Employee Privacy Policy), you understand

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and consent that Scotiabank and its affiliates may collect, use, store, or disclose personal information about you or any of your
dependents or beneficiaries (“Employee Personal Information”) as required for those purposes necessary for, or beneficial to,
the conduct of the employment relationship (including benefit administration, complying with employment equity obligations, and
monitoring of the workplace and electronic communication to assess adherence to bank policies and applicable legal
requirements (e.g., regarding employee trading activity)).

You also understand that Scotiabank may disclose your Employee Personal Information to a third-party administrator for the
purpose of administering your employment relationship with Scotiabank or to service providers (such as legal, finance and
accounting, information technology, and human resource advisors and/or similar consultants or advisors), law enforcement or
government authorities as necessary to comply with legal requirements or in the course of legal action and to legitimate
recipients of communications under applicable laws, where required by law or necessary for the purpose of, or in connection
with, any legal proceedings and you hereby consent to such disclosure. In some cases, service providers, administrators, and
affiliates may be located outside of Canada and your information may accordingly transferred in or through a location outside of
Canada and may be accessible to regulatory authorities in accordance with the laws of those locations.

You have certain rights over the personal information we hold about you, including the right to ask for a copy of the information,
to correct or rectify personal information that we hold about you, or not to use your information for a particular purpose. Note that
your ability to exercise these rights will depend on a number of factors, and in some situations, we may not be able to agree to
your request if the information, for example, is required to manage our employment relationship.

General Provisions

No Barrier to Accepting or Employment

By accepting this offer you confirm that:

a) You are not a party to any purported non-competition or non-solicitation agreement with any employer. If you do have
such an agreement, you must provide a copy to Scotiabank for consideration, so that Scotiabank can determine next
steps which may include, and may not be limited to, Scotiabank determining if it is prepared to continue to offer you
employment or provide an amendment to your offer; and

b) You have no outstanding agreements or obligations, contracts, arrangements, understandings, or otherwise, which in
any way directly or indirectly, would preclude you from performing the duties of your employment and/or complying with
the terms of this offer.

Severability

If any part of this offer is found to be unlawful or otherwise unenforceable by any court of competent jurisdiction, that part will be
severed, and the remainder will remain in full force and effect.

Entire Agreement

This offer represents the entire agreement between you and Scotiabank and supersedes any prior agreements or
understandings, whether oral or written, which you may have had with respect to your employment with Scotiabank. You
specifically acknowledge that no promise or commitments have been made to you that are not set forth in this offer. Any
modification to this offer must be made in writing and signed by Scotiabank or it shall have no effect and shall be void.

This agreement, to the extent signed and delivered by electronic or digital means deemed acceptable by Scotiabank, shall be
treated in all respects as an original signed agreement and shall be considered to have the same binding legal effect as if it were
the original signed version delivered in person.

If the terms of this offer are acceptable to you, please confirm and select your acceptance or decline of this offer within five (5)
business days of your receipt of this offer, after which this offer of employment will expire.

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