Dealer Floor Planning

• Competitive rates and programs • Customer centered website

• Direct contact with management • Responsive communications

• Diversification of your floor plan business • Streamlined quick decisions

We can be reached by email at [email protected] or by phone at 866-781-2420 (option 1). Learn more about us or apply online at www.northpointcf.com.

• The program we have set up is a Pay As Sold Program. This means that units that have been

floored by dealers must be paid for to NorthPoint Financial when sold. We have chosen to run a

0 Day Pay As Sold Program to make it as simple as possible for billing purposes.

• The financing charges are paid monthly by SteelTech at annual rate of about 8%.

• If a furnace has not been sold or paid for after 12 months, the dealer will have to start paying

the principle amount off to NorthPoint.

• Money for furnaces is due to Northpoint Financial when the furnace leaves your lot.

Dealer Floor PlanningDealer Floor Planning through NorthPoint Commercial Finance.

HeatMasterSS is extremely pleased to provide a special program EXCLUSIVELY for dealers who join our Floor Planning program.

FREE Floor Planningfor 12 months from date of purchase

Dealer Application Checklist • Completed Application

- Signed and dated application with all owners and principal information included

• Last 2 Fiscal Year End Business Financial Statements

- Provide Balance Sheet and corresponding Income Statement and Statement of Cash Flows (if available) and all corresponding notes to

financial statements

- Interim financials with prior year comparative period, if available

- If submitting tax returns, please provide all corresponding supplementary pages

• Personal Financial Statements (no more than 12 months old)

- For each owner and guarantor, signed and dated

• Formation Documents

- Corporation-Articles of Incorporation

- Partnership-Partnership Agreement (if applicable)

- Limited Liability Company-Articles of Organization/Certificate of Organization and Operating Agreement

To ensure all items have been completed on the Credit Application, please use the check boxes below. Please sign and return this check list acknowledging that the following requirements are included in the application package.

Have you included all of the following: 1) Federal Tax ID #; 2) Date of ownership (month and year started); 3) Social Security #(s);and 4) Percentage Owned? (Total must equal 100%)

If percentage owned by an additional business entity, has information been provided on that entity according the above checklist?

Have all owners/partners/members/officers completed their personal information and signed the application where signatures are

required?

Have all pages of the application been submitted?

To verify your legal business name and structure, have you included a copy of your Articles of Organization/Certificate of Formation

and Operating Agreement, or Partnership Agreement and Amendments to any of the foregoing?

Have you included a copy of the Buy/Sell Agreement if you are purchasing an existing dealership?

Signed by: __________________________________________________________ Date: ___________________________________________________

Heat-masterSS

Dealer Binder

11675 Rainwater Drive; Suite 450; Alpharetta, GA 30009Phone: 866.781.2420 Fax: 678.262.5248 [email protected]

CREDIT APPLICATION

Credit Line Amount Requested ($): Manufacturer/Distributor Name(s) / Products to be financed:

Dealer InformationBorrower’s Full, Legal Name (please include correct punctuation): Federal Tax ID #:

Trade Name or DBA (please include correct punctuation): State of Incorporation: Date of Incorporation:

Please check the appropriate legal entity:□ Corporation □ Limited Liability Company □ Sole Proprietorship □ Partnership □ Other

Main Physical Address: Telephone:( )

Fax:( )

City: State: Zip Code: Date Current Ownership Acquired Business:

Mailing Address (if different than above): Website URL Address:

City: State: Zip Code: E-mail Address:

Additional Location of Same Legal EntityDBA Name: Telephone:

( )Physical Address/City/State/Zip Code: Fax:

( )Contacts

Primary Contact: Accounting Contact:

Principals, Members, Partners or OwnersLegal Name (First, MI, Last, Suffix (if applicable)): Social Security #: % Owned:

Home Address/City/State/Zip Code: Home Phone:( )

Please check appropriate “Title”□ President □ Vice President □ Corporate Secretary □ Member □ Partner □ Owner □ OtherLegal Name (First, MI, Last, Suffix (if applicable)): Social Security #: % Owned:

Home Address/City/State/Zip Code: Home Phone:( )

Please check appropriate “Title”□ President □ Vice President □ Corporate Secretary □ Member □ Partner □ Owner □ Other

ReferencesBank Name & Address: Contact:

Checking #____________________________ Savings #____________________________

Loan #________________________________ Other#______________________________

Telephone:( )Fax:( )

Floorplan/Inventory Sources: Products Financed:

Insurance InformationBusiness Insurance Agent: Name of Agency: Telephone:

( )

Heat-masterSS

Dealer Binder

Additional Information

Are there any legal actions pending? Yes______ No______ If yes, please explain____________________________________________________

Has the company, or any owner involved in the company, ever filed for protection under bankruptcy laws? Yes______ No______ If yes, please explain___________________________________________________________________________________________________________

Has any owner in the business been convicted of a felony? Yes ______ No ______ If yes, please explain on an attached piece of paper.

Please provide the following information:

1. Last year-end financial statement on the business (Balance Sheet and corresponding Profit and Loss Statement)2. Current personal financial statement on each principal/member/partner/owner

REPRESENTATION AND WARRANTY OF COMPLETENESS AND ACCURACY ANDCONSENT TO USE OF A CREDIT REPORT AND TO RECORD UCC-1 FINANCING STATEMENT

The above information is provided in order to enable Northpoint Commercial Finance LLC to establish and maintain credit accommodations for the above credit applicant (the “Credit Applicant”). BY CLICKING “SUBMIT” THE CREDIT APPLICANT AND THE PERSONAL GUARANTOR(S) LISTED BELOW ARE ELECTRONICALLY SIGNING THIS CREDIT APPLICATION, WHICH SHALL INDICATE THEIR INTENT TO SIGN THIS CREDIT APPLICATION AND CONSTITUTE THEIR SIGNATURE. BY ELECTRONICALLY SIGNING THIS CREDIT APPLICATION, THE CREDIT APPLICANT AND THE PERSONAL GUARANTOR(S) LISTED BELOW: (a) represent and warrant that they have read the information provided herein and that such information is complete and accurate as presented; (b) acknowledge that their electronic signatures constitute their respective signatures to this Credit Application and that they agree to be bound by the Terms of Use of this website; and (c) authorize Northpoint Commercial Finance LLC: (i) to obtain credit and financial information on the Credit Applicant and the personal guarantor(s) listed below (since his or her personal credit history may be a factor in the evaluation of the credit history or credit worthiness of the Credit Applicant) from all credit reporting agencies, all banks, and all other companies, which Northpoint Commercial Finance LLC from time to time deems necessary; and (ii) to file immediately and prior to any credit approval of the Credit Applicant a UCC-1 financing statement in all offices and jurisdictions Northpoint Commercial Finance LLC deems appropriate naming the Credit Applicant as “debtor” and indicating the collateral as “all assets of debtor” or words to similar effect. The filing of such financing statement(s) does not constitute a credit approval or create an obligation for Northpoint Commercial Finance LLC to make any loans or provide any credit accommodations to the Credit Applicant. The undersigned waives any claim which the undersigned would otherwise have under the Fair Credit Reporting Act in the absence of this continuing consent.

Borrower’s Legal Name/Credit Applicant:

Authorized Individual (signature): Title:

Print Name: Date:

Personal Guarantor: Personal Guarantor:

Printed Name: Printed Name:

Notice: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protecting Act. The Federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission, Equal Credit Opportunity, Washington D.C. 20580. This is to advise you that if your application for business credit is denied, you have the right to a written statement of the specific reasons for denial. To obtain the statement, please contact the office listed above within sixty (60) days from the date you are notified of our decision. We will send you a written statement of the reasons for the denial within thirty (30) days of your request for the statement.

PERSONAL FINANCIAL STATEMENT (DO NOT USE FOR BUSINESS)

AS OF DATE ___________________________

NAME _________________________________________________________________________________________ DATE OF BIRTH

ADDRESS __________________________________________________________________________________________________________________________

EMPLOYED BY ________________________________________________ POSITION __________________________________ # OF YEARS_______________

IF EMPLOYED LESS THAN 1 YEAR, PREVIOUS EMPLOYER ________________________________________________________________________________

NAME OF SPOUSE __________________________________________________________________________________________________________________

____________________________________________________________________________________________________________________________________________________

ASSETS DOLLARS LIABILITIES + NET WORTH DOLLARS

Cash: Chequing / Savings / CDs $ Revolving Debt (Credit Cards, etc.) $

RRSP, TFSA, LIRA etc. Other loans (Student Loans, etc.)

Accounts & Notes Receivable Home Equity Line of Credit

Stocks, Bonds and Mutual Funds (Schedule A) Income Taxes Payable

Equity in Closely Held Business Other Taxes Payable

Cash Surrender Value Life Insurance

Autos Note Payable on Autos

Real Estate (Schedule B) Real Estate Mortgage(s)/Hypothecs (Schedule B)

Other Personal Property

Other Assets (Describe) Other Liabilities (Describe)

1.

2.

TOTAL LIABILITIES

(Sum of all of the above)

NET WORTH

(Total Assets minus Total Liabilities)

TOTAL ASSETS (Sum of all of the above) $ TOTAL LIABILITIES + NET WORTH

(Must equal TOTAL ASSETS)

$

____________________________________________________________________________________________________________________________________________________

ANNUAL INCOME ANNUAL EXPENDITURES (Exclude ordinary living expenses)

Salary / Commissions / Bonuses $ Real Estate Payment(s) $

Salary (Spouse) Rent

Interest, Dividends Income Taxes

Securities Income Insurance Premiums

Rentals Property Taxes

Pension / Disability Income Child Support

Alimony

Other (Describe) Other (Describe)

Include installment payments other than real estate)

TOTAL INCOME $ TOTAL EXPENDITURES $

What assets in this statement are in joint tenancy? ____________________________________________________ Name of other party ______________________________________

Are you a guarantor on anyone’s debt? If yes, give details_____________________________________________________________________________________________________

Any other contingent liabilities? If yes, give details___________________________________________________________________________________________________________

Do you have ownership / interest in other businesses? If yes, give details_________________________________________________________________________________________

Are there any suits, liens or judgments pending against you? ____________ If yes, give details________________________________________________________________________

Have you ever filed bankruptcy or compromised a debt? If yes, give details________________________________________________________________________________________

Have you made a will? _____________ If yes, name of executor________________________________________________________________________________________________

Are any assets held in a trust? Yes No

____________________________________________________________________________________________________________________________________________________

SCHEDULE A – STOCKS, BONDS AND MUTUAL FUNDS

INSTITUTION DESCRIPTION / NUMBER OF SHARES / AMOUNT OF BONDS CURRENT MARKET VALUE

$

TOTAL: $____________________________

(Enter on Page 1)

____________________________________________________________________________________________________________________________________________________

SCHEDULE B – REAL ESTATE

DESCRIPTION TITLE IN NAME(S) OF DATE

PURCHASED COST

PRESENT VALUE

AMOUNT OWING

TO WHOM PAYABLE

Primary Residence $ $ $

Other Personal Real Estate

Business Real Estate

Partial Real Estate

TOTAL: $__________________ $__________________

(Enter on Page 1) (Enter on Page 1)

____________________________________________________________________________________________________________________________________________________

INSURANCE

Life Insurance $____________________ Name of Company____________________________________________ Beneficiary_________________________________________

____________________________________________________________________________________________________________________________________________________

After due and appropriate inquiry, the undersigned certify, represent, and warrant to Northpoint Commercial Finance Canada Inc. and its affiliates that the foregoing financial statement and any attachments hereto are a true, correct, and complete statement of the financial condition of the undersigned and are not in any way misleading. The undersigned agree to immediately notify Northpoint Commercial Finance Canada Inc. of any material change in said financial condition and of any inaccuracies contained herein.

SIGNATURE: __________________________________________________________________________________________ DATE: _________________________________

SPOUSE’S SIGNATURE (IF JOINT STATEMENT): ____________________________________________________________ DATE: _________________________________

CONSENT AND ACKNOWLEDGEMENT

To: Northpoint Commercial Finance Canada Inc.

5035 South Service Road, Suite 500

Burlington, ON L7L 6M9

Dear Sir or Madam:

Recognizing that my personal credit history and personal financial status will be a factor in the evaluation of the credit history

or credit worthiness of the business entity _________________________________ (the “Business Credit Applicant”) or in the

evaluation of my personal guarantee of the obligation of the Business Credit Applicant, I hereby consent and authorize

Northpoint Commercial Finance Canada Inc. and all affiliates thereof (collectively, “Northpoint”) to obtain and use consumer

credit reports, bank references, conduct background checks and lien searches, and obtain financial or other information

pertaining to my financial and credit history and/or creditworthiness as provided by me or obtained from any credit reporting

agency or other sources from which Northpoint receives such reports (inclusively, "Personal Data"), in connection with the

Business Credit Applicant’s application for the extension of business credit by Northpoint or other documents required by

Northpoint, in its sole and unfettered discretion, as necessary for the granting of such credit. In connection with any such

application for business credit, the undersigned further agrees that Northpoint’s permission to obtain and use a consumer credit

report about me shall be ongoing and shall relate not only to the evaluation and/or extension of the business credit requested,

but also for purposes of reviewing the account, increasing the credit line on the account (if applicable), taking collection action

on the account, and for any other legitimate business purpose associated with servicing the account as may be necessary from

time to time. Northpoint will not retain my Personal Data for any longer than is necessary or required by applicable laws.

I further consent to Northpoint disclosing my Personal Data to its shareholders, directors, officers, employees and affiliated

companies and its non-affiliated contractors, agents, suppliers, service providers or consultants. The object of the Personal

Data file maintained by Northpoint is to assist Northpoint in: (i) the processing, administering, servicing or enforcing of the loan

account, (ii) a sale, merger, transfer of all or part of the business or operating unit of Northpoint or any sale, participation or

securitization of the Business Credit Applicant's account, or (iii) fulfilling any other purpose otherwise permitted by applicable

law. I understand that the Personal Data in this file will be used to make any relevant decisions in order to achieve the objects

of the file, stated above, and will be made available only to such persons or entities who require it for the performance of their

duties. I recognize that the file will be kept at the address of Northpoint as indicated from time to time to me and that I have the

right to access the file and rectify any Personal Data in the file which may be obsolete or incorrect.

I acknowledge and confirm that Northpoint is relying on my consent, as indicated by my signature below, to its collection, use

and disclosure of my Personal Data as provided for above and would not have extended credit to the Business Credit Applicant

but for such consent. I also acknowledge and confirm that I will personally benefit from the extension of any such credit.

Although I may withdraw my consent at any time by notifying Northpoint in writing of such withdrawal, I acknowledge and

confirm that such a withdrawal of consent could constitute a default under the loan agreement and/or make Northpoint unable

to continue to provide services to, or offer credit to the Business Credit Applicant. For example, Northpoint may not be able to

continue to service a loan account if my consent to the provision of Personal Data to affiliated service providers were to be

withdrawn.

I hereby sign this Consent and Acknowledgement, this ____ day of ________________, 20__.

By:

Printed Name:

Date of Birth:

Address: