PRODUCT RENTAL AGREEMENT - TERMS & CONDITIONS

These Terms & Conditions (which together with the Furnace, Air Conditioner, Water Heater & Water Filter Rental Agreement Program Details page along with the Pre-Authorized Debit Agreement Application (if applicable) to which they are appended are collectively referred to as this “Agreement” are the full and complete Agreement with the Customer (the “Customer” being the name and signatory on the Rental Agreement Program Details page who is the person entering into this Agreement with Summitt Home Services). If more than one person is named on the front of the Customer’s utility bill, the Customer understands that each person shall be deemed the “Customer” and each person has the authority to enter into this Agreement. Each person shall be individually liable, and all of the Customers are collectively jointly and severally liable, for all obligations, liabilities and indebtedness imposed on Customer by this Agreement.

–To: Summitt Home Services (“Summitt”) and the Gas Distribution Company (or Companies) for the Service Address (the Customer’s “Utility”)

1.   Appointment of Agent

If indicated on the front page of this Agreement, the Customer hereby appoints Summitt to be their agent for Furnace, Air Conditioner (collectively known as “HVAC”), Water Heater (“WH”) and/or Water Filter System (“WFS”) rental supplier for all purposes related to the arrangement of billing to the Customer’s Service Address on this Agreement (“Appointment of Agent”). The Customer’s Utility and all other related third parties are entitled to rely upon all actions taken, or documents signed, by Summitt in connection with or pursuant to this Appointment of Agent as though the Customer had taken such action or signed such document including, without limitation, the negotiation, implementation, operation, performance, amendment and termination of any HVAC, WH and/or WFS rental arrangement. This Appointment of Agent replaces any Appointment of Agent Agreement with any existing HVAC, WH and/or WFS supplier. This Appointment of Agent shall be effective from the date the Customer signs the Agreement and shall continue to be in effect until this Agreement is terminated either by the Customer or Summitt in accordance with the procedures for termination set out in these Terms and Conditions below. Summitt will not be liable for any early cancellation fee as a result of Customer cancelling their existing contract with their current HVAC, WH and/or WFS rental provider.

2.   Our Service Commitment to the Customer

i)   Summitt’s commitment to the Customer is: to provide the Customer a HVAC, WH and/or WFS, installation of that HVAC, WH and/or WFS and repairs, maintenance and/or replacement of the HVAC, WH and/or WFS due to normal wear and tear as determined by Summitt in the exercise of its reasonable business judgment. Extra service charges may apply in the following circumstances: if repairs or service work become necessary because the HVAC, WH and/or WFS is at any time connected to other equipment at the Service address (the “Premises”); if repairs are necessary because of damage caused by the Customer or a third party, or as a result of use for which the HVAC, WH and/or WFS was not intended; if additional wiring, plumbing, venting or piping is required to meet applicable building codes, regulations or installation requirements. If the Customer cancels an installation appointment within 24 hours of the scheduled appointment date or fails to be present at the scheduled appointment an $85 cancellation fee may apply.

ii)   If at any time Summitt deems that the Customer’s HVAC, WH and/or WFS is in need of replacement in consequence of normal wear and tear as referenced in the immediately preceding paragraph, the Customer shall receive a HVAC, WH and/or WFS of comparable size and type at the then current Summitt rental rate for that HVAC, WH and/or WFS. For cancellation policies please see Section 5. An emergency telephone number (1 877 4974937) is available to the Customer 7 days a week, 24 hours a day to handle the dispatching of emergency service requirements.

iii)   The Customer has the option to terminate this Agreement (see Section 12) at any time by purchasing their HVAC, WH and/or WFS by paying the applicable purchase amounts (see

Section 11). Should the Customer sell their home, this Agreement is transferable to the purchaser of the Premises.

3.   Customer’s Commitment To Summitt

i)    Summitt will honour its Service Commitment and, in return, the Customer agrees that: The Customer represents and warrants that they have authority to enter into this Agreement either as the owner of the Premises, spouse of such owner, or because the Customer has been authorized to enter into this Agreement as such owners duly authorized agent. The Customer’s HVAC, WH and/or WFS rental automatically commences the date their HVAC, WH and/or WFS is installed or the Customer’s enrollment in the program is accepted by Summitt , If the Customer has purchased the Premises after the HVAC, WH and/or WFS was installed, the HVAC, WH and/or WFS rental commences on the date of that Customer’s purchase of the Premises.

ii) The Customer may be considered in default under the terms of this Agreement if the Customer fails to make any payment in the full amount and when required to be made under this Agreement. The Consumer’s total monthly cost to rent the HVAC, WH and/or WFS is made of: 1. The monthly rental cost of the HVAC, WH and/or WFS as indicated on the first page of this Agreement, 2. If the Customer has a WH rental, the installation of a mixing valve at an additional $4.99 per month unless such installation is otherwise refused by the Customer. 3. Applicable only to a Conventional Vent WH, the installation of a chimney liner which is $5.99 per month if required, 4. Any monthly rental rate increases (if any), are subject to change in June each calendar year, and shall be limited to the posted Consumer Price Index published annually, and 5. Applicable federal and/or provincial sales taxes. The total rental charge is paid by the Customer on a monthly basis either to Summitt directly or the Customer’s natural gas utility (i.e., Enbridge Gas Distribution). If the customer pays Enbridge Gas Distribution, the total rental charge will appear in the “Other Companies” section of the Customer’s utility bill and Enbridge Gas Distribution payment terms and billing cycle will apply. If the Customer pays Summitt for the total rental charge, payment will be made by pre- authorized payment (“PAP”)   through the Customer’s bank account.

iii) For such pre-authorized payment, the Customer expressly authorizes  Summitt  to   have  the  Customer’s   payments  deducted  from   their  bank  account ,   the amount of any charges, interest and other amounts due under this Agreement (each being a preauthorized payment or “PAP”). Any overdue payment will be charged at a rate equal to 1.5% per month (or 19.6% per annum), compounded monthly. The Customer will be charged $25 for any PAP that cannot be processed for any reason.

iv) The Customer will not remove the HVAC, WH and/or WFS from the Premises and will maintain it in a safe, dry, heated, unobstructed and accessible location, free of any flammable, hazardous or combustible materials. The Customer will ensure the HVAC, WH and/or WFS is located in an area with sufficient drainage in the vicinity and that the drainage is open and unrestricted and Summitt, therefore, will not be responsible for damage caused if the HVAC, WH and/or WFS or their connections leaks. The Customer will ensure that any identification or labelling is not removed from the HVAC, WH and/or WFS or covered or obstructed in any manner.

v)  Except as specifically permitted herein, the Customer will not permit or authorize anyone other than Summitt’s authorized representatives to service, repair, move or, disconnect the HVAC, WH and/or WFS. The Customer will permit Summitt’s authorized agents or employees to have access to the Premises at all reasonable hours for the purposes of installing, servicing or removing the HVAC, WH and/or WFS. If the Customer sells the Premises, the Customer agrees to inform the purchaser that title to the HVAC, WH and/or WFS is owned by Summitt and that the HVAC, WH and/or WFS is being rented by the Customer from Summitt pursuant to this Agreement. The purchaser will assume the Customer’s rights and obligations under this Agreement effective the date of sale. The Customer authorizes Summitt to respond to any information requests relating to their HVAC, WH and/or WFS rental account made by or on behalf of the purchaser.

vi) The Customer agrees that Summitt is the owner of HVAC, WH and/or WFS and that Summitt is not transferring title to the HVAC, WH and/or WFS to the Customer. Summitt may register its interest in the HVAC, WH and/or WFS on title to the Premises. To the extent permitted by law, the Customer hereby waives any right to receive a copy of such registration and appoints Summitt as their agent for the purpose of making and effecting any such registrations. The Customer agrees that the HVAC, WH and/or WFS is and will remain the property of Summitt even though it may become affixed to the Premises. The Customer agrees to keep the HVAC, WH and/or WFS free of all liens, security interests, mortgages and other claims.

vii) The Customer is responsible for maintaining effective operation of any plumbing and pumping systems supplying water to the HVAC, WH and/or WFS during installation, servicing and operation.

    4. Termination of the Rental Agreement(s) and Purchase Option by the Customer

  The Customer may terminate this Agreement by purchasing the HVAC, WH and/or WFS on an “as is, where is basis”. The Customer may exercise that purchase privilege by providing  

   Summitt with at least thirty (30) days’ prior written notice of their desire to purchase the HVAC, WH and/or WFS, subject to the balance of any transferable manufacturer’s warranty, and 

   assuming full responsibility for the rental equipment repair and maintenance.   The Customer may exercise that purchase privilege by providing Summitt with at least thirty (30) days’ prior 

   written notice of their desire to purchase the rental equipment, accompanied by the Customer’s payment of the Buyout and any delinquent payments under or pursuant to the Agreement(s). 

   If the Customer chooses to purchase the Furnace and/or Air Conditioner inclusive of installation costs, the buyout calculation (‘Buyout”) shall be an amount equal to the then remaining 

   undepreciated value of the rental equipment, determined by Summitt on a straight-line basis (refer to Section 11).

5. Termination of the Rental Agreement(s) by Summitt

Summitt may terminate this Agreement at any time upon thirty (30) days’ prior notice to the Customer, or without notice if the Customer breaches any term of this Agreement. If Summitt chooses to exercise its right of termination, then, unless otherwise prescribed by applicable law, the Customer may elect in writing to Summitt, to buy the HVAC, WH and/or WFS at the Buyout amount, referenced below, plus all other amounts owing under this Agreement. The Customer must notify Summitt in writing of their election to buyout the HVAC, WH and/or WFS pursuant to Section 10, no later than fifteen (15) days before the date Summitt proposes to terminate this Agreement, then the Customer shall be deemed to have exercised the Buyout and Summitt reserves the right to collect Buyout amounts from them as noted in Section 11. The Customer will pay such charges when billed by Summitt. The Customer will not have to pay Summitt any rental charges for periods after the Customer has purchased the HVAC, WH and/or WFS and has paid Summitt all other amounts owing by them under this Agreement.

6. Equipment Maintenance

If properly maintained, the anticipated useful life of the HVAC and/or WH and/or WFS is beyond (10) years. Should any unreasonable or excessive wear or use of the HVAC, WH and/or WFS be determined, the Customer shall be responsible for repair charges calculated as follows: If wear is identified as i) dented casing - $200 repair charge, ii) If the Customer has a WH rental and has opted for the additional mixing valve, replacement of each damaged valve - $250 repair charge, iii) missing rating plate - $200 repair charge, and iv) other repairs shall be charged to the Customer at Summitt’s cost (not to exceed $500); plus all applicable taxes. The Customer will pay such charges when billed by Summitt. If the Customer is renting a WFS, the Customer understands that subject to the conditions in this paragraph, at any time in the year following the 5th, or 10th, (or any 5-year interval the WFS), including: changing the carbon/KDF filter, cleaning and inspection of the sediment filter, shutoff valve, and other connections, checking of water pressure, and ensuring the unit is operating to manufacturer’s specifications. Summitt will distribute to the Customer on an annual basis, replacement pre-filters. Should the Customer wish to purchase additional filters, they may contact customer service at 1-877-497-4937, to obtain then current filter pricing and shipping charges to their location. The Customer also understands that all installation, maintenance and repairs to the WFS must be performed by a Summitt representative, and that should any other individual attempt to install, remove, modify, repair, or tamper with the WFS, the maintenance inspection obligations above will be void and Summitt may terminate the Agreement and/or charge the costs of any labour and materials related to any repairs, servicing or maintenance required to be carried out, as determined by Summitt. Despite the aforementioned, the Customer understands that it is their responsibility to change the sediment filter (pre-filter) every 6 months. If the Customer has properly maintained the WFS, Summitt will provide unlimited service in accordance with the manufacturer’s specifications. The Customer understands that it is their responsibility to notify Summitt t within Seventy-two (72) hours of any leak or other problem with the HVAC, WH and/or WFS that would require prompt servicing. The Customer understands that Summitt will send a technician to their Residence within a reasonable time frame after being notified of any leak or other problem with the equipment. The Customer agrees to allow Summitt access to their Premises to maintain the HVAC and/or WH and/or WFS.

7. Liability

Summitt is not the manufacturer of the HVAC, WH and/or WFS and Summitt makes no representations, warranties or conditions as to the performance of the HVAC, WH and/or WFS, except for those which are deemed to be given by statute and which the Customer cannot at law waive. Summitt will not be liable for any loss, damage, death or injury of any type (including as a result of any water leakage or electrical or natural gas related events) arising out of or related to this Agreement or caused or contributed to in any way by of the installation, use, maintenance and operation of the HVAC, WH and/or WFS, or any indirect, incidental, or consequential damages or loss of profits, even if reasonably foreseeable. If Summitt is unable to perform any of Summitt ’s obligations under this Agreement because of circumstances or events beyond Summitt’s control, Summitt shall be excused from the performance of such obligations for the duration of such circumstances or events and Summitt shall not be liable to the Customer for such failure to perform. The Customer will indemnify Summitt and hold Summitt harmless from and against any loss or damage by the HVAC, WH and/or WFS for any reason and all claims, losses and costs that Summitt may suffer or incur or may be required to pay, including legal expenses, in connection with this Agreement and the use and operation of the HVAC, WH and/or WFS, including any claims against Summitt for any injury or death to individuals or damage to property. Unless specifically requested, Customer waives the installation of a mixing valve of the water heater and, without limitation to the other provisions of this Agreement, agrees to indemnify and hold Summitt harmless from any liability associated with injury due to water temperature.

8. Privacy/Personal Information

The Customer acknowledges that Summitt may collect, record, use and disclose their credit, financial and related personal information for purposes related to Summitt’s business, and the Customer consents to Summitt’s disclosure or exchange of information with credit bureaus, financial institutions, service providers, agents, affiliates and other third parties in connection with this Agreement. The Customer also consents to Summitt’s use of this information for the purposes of evaluating their creditworthiness, providing them with products and services under this Agreement, verifying information they provide to Summitt , establishing, servicing and collecting on their account, offering them other products and services, and meeting legal, regulatory, audit, processing and security requirements. The Customer understands that they may provide Summitt at any time with notice in writing to stop using their personal information. For more information about our privacy policy, please see www.dhontario.com 

9. Miscellaneous

The Customer agrees that Summitt may sell, assign, concurrently lease or otherwise dispose of, or grant a security interest in all or part of Summitt’s right, title and interest in the HVAC, WH and/or WFS or this Agreement to anyone else, without notice to the Customer and without their consent, and upon such assignment, Summitt shall be released of any further obligations hereunder. To the extent not prohibited by law, the Customer waives any claims, defenses, set-offs, deductions or counter-claims against any such assignee, transferee or holder of a security interest, which the Customer may now or in the future be entitled to assert against Summitt. This Agreement is binding upon and will enure to the Customer’s respective heirs, executors, personal and legal representatives, successors and permitted assigns. Except as specifically provided for herein, the Customer may not assign this Agreement without Summitt’s express prior written consent. This Agreement is the entire Agreement between the Customer and Summitt. The Agreement is governed by the laws of the Province of Ontario. Should any of the terms and conditions in this Agreement be held invalid for any reason by a Court or regulatory body of competent jurisdiction, then such terms or conditions shall be deemed severed from this Agreement and the remaining terms and conditions and provisions of this Agreement shall continue in full force and effect.

10. How to Contact Summitt

If  the  Customer  has  any  questions  or  concerns  about  this  Agreement  they  may  contact  Summitt:  (i)  by  phone:  1-855-998-2998,  (ii)   by  email:

[email protected] or (iv) by mail: attention: Home Services Customer Service, at 1183 Finch Ave West, unit 610, Toronto, M3J2G2

11. Buyout Schedule

Water Heater:

 Water Filter, Air Conditioner and Furnace:                                                   

12. Customer Rights under the Consumer Protection Act, 2002

The Customer may cancel this Agreement at any time during the period that ends seven (7) days after the day the Customer receives a written copy of the Agreement. The Customer does not need to give the supplier a reason for cancelling during this seven (7) day period.

To cancel this Agreement, the Customer must give notice of cancellation to the supplier, at the address set out in the Agreement (see Section 10), by any means that allows the Customer to prove the date on which the Customer gave notice. If no address is set out in the Agreement, use any address of the supplier that is on record with the Government of Ontario or the Government of Canada or is known by the Customer.

If the Customer cancels this Agreement, the supplier has fifteen (15) days to refund any payment the Customer has made and return to the Customer all goods delivered under a trade-in arrangement (or refund an amount equal to the trade-in allowance).

However, if the Customer cancels this Agreement after having solicited the  goods  or  services  from  the  supplier  and  having requested that delivery be made or performance be commenced within seven (7) days after the date the Customer receives a written copy of the Agreement, the supplier is entitled to reasonable compensation for the goods and services that the Customer received before the earlier of the 8th day after the date this Agreement was entered into and the date on which the Customer gave notice of cancellation to the supplier, except goods that can be repossessed by or returned to the supplier.

If the supplier requests in writing repossession of any goods that came into the Customers possession under the Agreement, the Customer must return the goods to the supplier’s address, or allow one of the following persons to repossess the goods at the Customers address: (1) the supplier; or (2) a person designated in writing by the supplier. If the Customer cancels this Agreement, the Customer must take reasonable care of any goods that came into the Customers possession under the Agreement until one of the following happens: (a) the supplier repossess the goods; or (b) the supplier has been given a reasonable opportunity to repossess the goods and twenty-one (21) days have passed since the Agreement was cancelled; or (c) the Customer returns the goods; or (d) the supplier directs the Customer in writing to destroy the goods and the Customer do so in accordance with the supplier’s instruction.

Accepted by Summitt Home Services LP by its general partner, Summitt Home Services G.P.