1. BUSINESS INFORMATION

2. BILLING & ACCOUNTS PAYABLE

3. OWNERSHIP / OFFICERS

4. BANK REFERENCE

5. TRADE REFERENCES

Please provide up to three business trade references.

6. PURCHASING PROFILE

7. COMMERCIAL CREDIT TERMS

Please read the following commercial credit terms carefully. By submitting this application, the applicant acknowledges and agrees to these terms.

1. The applicant requests commercial credit from Adams Building Supply ("Adams"). Approval, credit limit and continued availability of credit are at Adams' discretion.
2. Unless Adams agrees otherwise in writing, invoices are due NET 30 DAYS from invoice date. The applicant will promptly review invoices and notify Adams of any bona fide dispute.
3. Past-due amounts may bear interest at 24% per annum, calculated monthly (2% per month), or the maximum lawful rate if lower. This annual rate is stated expressly for purposes of the federal Interest Act.
4. Preferred account payment methods are cheque or Electronic Funds Transfer (EFT). Credit card payments are subject to a 2.4% service charge, or such lower amount as may be required by applicable law or payment-card network rules. Any applicable service charge will be disclosed before the credit card payment is processed.
5. The applicant is responsible for reasonable collection and enforcement costs actually incurred by Adams, including legal costs, to the extent permitted by applicable law.
6. Adams may reduce, suspend or withdraw credit, require deposits or COD payment, or change credit terms prospectively by notice. Changes do not affect amounts already owing.
7. The applicant authorizes Adams to contact the bank and trade references listed in this application and to obtain, use and exchange commercial credit information reasonably required to assess, establish, administer and collect the account, subject to applicable privacy law.
8. The applicant will notify Adams promptly of any material change in ownership, legal name, address, financial condition or business structure.
9. This application and any approved credit account are governed by the laws of Ontario and the federal laws of Canada applicable in Ontario. Any proceeding may be brought in a court of competent jurisdiction in Ontario.

8. APPLICANT CERTIFICATION & CONSENT

I certify that the information in this application is true and complete and that I am authorized to submit it on behalf of the applicant. I have read and agree to the Commercial Credit Terms above. I authorize Adams to verify the information supplied and to obtain commercial credit information for the purposes described above.

9. OPTIONAL PERSONAL GUARANTEE

In consideration of Adams Building Supply extending or continuing credit to the applicant named in this application, the undersigned guarantor unconditionally guarantees payment to Adams of all amounts owing by the applicant under the credit account, including applicable interest and enforceable collection costs.

This is a continuing guarantee. It remains in effect until Adams receives written notice from the guarantor terminating it as to future credit. Termination does not affect obligations arising from credit extended before Adams receives that notice.

Adams may, without releasing the guarantor, grant time, renew or vary payment arrangements, change the applicant's credit limit, take or release security, or settle with the applicant, provided that the guarantor's liability will not exceed obligations lawfully owing under this guarantee.

The guarantor acknowledges having had the opportunity to obtain independent legal advice before signing this guarantee. This guarantee is governed by the laws of Ontario and the federal laws of Canada applicable in Ontario.

Guarantor Information