In the event of two or more Customers holding a joint account the following additional provisions apply:

a) The holders of a joint account authorize the Bank to pay or deliver to, or to the order of, the survivors or survivor or the executors or administrators of such a survivor any monies standing to the credit of their joint account.

b) All liability on a joint account is joint and several.

We the undersigned request you to open a joint account in our names and authorize you, until anyone of us shall give you notice in writing to the contrary, to honor and pay to the debit of such account all cheques, drafts and orders, all bills accepted and all notes made when signed/ endorsed by (either/all) of us or as per given mandate. You are also authorized to pay or deliver to or to the order of the survivor of us any moneys, securities or property standing to the credit of our joint account or held by you for us.