Terms & Conditions

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IRON HORSE BUILDING, LLC MI LICENSE #: 262100508

This contract and any agreement made pursuant hereto is between Iron Horse Building, LLC hereinafter referred to as the "Company", and the customer(s) named herein

on the reverse side and will be subject to all appropriate laws, regulations and ordinances of the State of Michigan and the terms and conditions.

In accordance with Michigan Statute, the following information is to the homeowners:

(a) ANY PERSON OR COMPANY SUPPLYING LABOR OR MATERIALS FOR THIS IMPROVEMENT TO YOUR PROPERTY MAY FILE A LIEN AGAINST YOUR

PROPERTY IF THAT PERSON OR COMPANY IS NOT PAID FOR THE CONTRIBUTIONS.

(b) UNDER MICHIGAN LAW, YOU HAVE THE RIGHT TO PAY PERSONS WHO SUPPLIED LABOR OR MATERIALS FOR THIS IMPROVEMENT DIRECTLY AND

DEDUCT THIS AMOUNT FROM OUR CONTRACT PRICE OR WITHHOLD THE AMOUNTS DUE TO THEM FROM US UNTIL 120 DAYS AFTER COMPLETION

OF THE IMPROVEMENT UNLESS WE GIVE YOU A LIEN WAIVER SIGNED BY PERSONS WHO SUPPLIED ANY LABOR OR MATERIAL FOR THE

IMPROVEMENT AND WHO GAVE YOU A TIMELY NOTICE.

1. All contracts are subject to approval by our credit department and office without exception. The person executing this contract must obtain the approval by the officer of the

company for this contract to be effective under any conditions.

2. SHOULD DEFAULT BE MADE IN PAYMENT OF THIS CONTRACT, INTEREST CHARGES WILL BE ADDED FROM THE DATE THEREOF AT A RATE OF ONE AND A

HALF (1-1/2) PERCENT PER MONTH (18% PER ANNUM) WITH A MINIMUM CHARGE OF $2.00 PER MONTH, AND IF PLACED IN THE HANDS OF AN ATTORNEY FOR

COLLECTION, ALL ATTORNEY'S FEES, COST DISPERSMENTS AND LEGAL FILING FEES SHALL BE PAID BY THE CUSTOMER ACCEPTING SAID CONTRACT.

3. The quotation on the face hereof does not include expenses or charges for bond insurance premiums or costs beyond normal insurance coverage, and any such additional

expenses, premiums or costs will be added to the amount of the contract and will be the responsibility of the customer(s) to pay.

4. Replacement of deteriorated decking, fascia boards, roof jacks, ventilators, flashing or other materials, unless otherwise STATED IN THIS CONTRACT are NOT

INCLUDED and will be charged as an extra to the customer on a time and material basis.

5. This proposal will expire 180 days from date accepted unless extended in writing by the Company. After 180 days, the Company reserves the right to review our price in

accordance with costs in effect at the time and the Company may but is not obligated to submit another proposal to the customer.

6. The Company shall not be liable for failure of performances due to labor controversies, strikes, fires, weather, inability to obtain materials from usual sources, or any other

circumstances beyond the control of the Company, whether of a similar or dissimilar nature. In the event of any circumstances beyond the control of the Company preclude it

from performing the work contracted in this contract, then the contract should be cancelled, and customer is only obligated to pay for the work completed by company prior to

the circumstances precluding company from finishing the work.

7. If roofing and sheet metal work is involved, it is understood and agreed to that our standard roof guarantee, a copy of which will be provided, shall be acceptable and that all

terms and provisions therein shall prevail, unless specifically agreed to in writing prior to the commencement of the work.

8. If material must be reordered or restocked because of a cancellation by the customer there will be a RESTOCKING FEE in the amount of $500.00.

9.This contract or warranty shall not be assigned except by or with the written permission of the Company.

10. IF THIS CONTRACT IS CANCELLED BY THE CUSTOMER LATER THAN 3 DAYS from the execution but prior to the commencement of work, customer shall pay to the

Company thirty-five percent (35%) of the contract price as approved by the insurance company as liquidated damages, not as a penalty, and the Company agrees to accept

such as a reasonable and just compensation for said cancellation. Customer shall also be responsible for the restocking fee, if applicable, noted in Paragraph 10 of this

contract.

11. THIS CONTRACT CANNOT BE CANCELLED ONCE THE INSURANCE COMPANY HAS APPROVED THE CLAIMS FROM THE SCOPE OF LOSS EXCEPT BY

MUTUAL WRITTEN AGREEMENT OF THE PARTIES.

12. PAYMENTS ARE TO BE MADE AS FOLLOWS: THE PAYMENT TERMS OF THIS AGREEMENT ARE OUTLINED ON THE REVERSE SIDE OF THIS PAGE. OTHER

ARRANGEMENTS MUST BE DISCUSSED WITH THE CREDIT MANAGER AND MADE IN WRITING PRIOR TO COMMENCEMENT OF WORK. IF THE CUSTOMER'S

HOMEOWNERS INSURANCE IS PAYING FOR THE WORK CONTEMPLATED IN THIS CONTRACT, CUSTOMER AGREES TO WORK WITH AND COOPERATE WITH

THE COMPANY AND THE INSURNACE CARRIER TO ENSURE THAT All CHECKS TENDERED BY THE INSURANCE CARRIER ARE ENDORSED AND TENDERED TO

THE COMPANY WITHIN FIVE (5) DAYS OF THE CUSTOMER RECEIVING THE CHECK.

13. If any provision of this contract should be held to be invalid or unenforceable, the validity and enforceability of the remaining provisions of this contract shall not be affected

thereby.

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14. ANY REPRESENTATIONS, STATEMENTS OR OTHER COMMUNICATIONS NOT WRITTEN ON THIS CONTRACT ARE AGREED TO BE IMMATERIAL, and not relied

upon by either party, and do not survive the execution of this contract.

15. During the duration of the work, The Company is not responsible or liable for any interior damage so long as the Company has taken appropriate action to protect the roof

and the interior of the structure from any damage during the repair of the roof.

16. The Company is not responsible for construction problems existing in the customer's structure. If construction problems or defects are noticed by or called to the attention

of the Company, we will try to assist in correcting the problems or defects on a time and material basis. Customer agrees to pay for these charges on a time and material

basis which are not a part to this contract.

17. This contract is composed of this page and the reverse side of this page and shall be considered the entire contract by the parties.

18. The warranty for workmanship of the work performed by the Company is for 50-years on roof replacement, 1-year on siding replacement, 1-year on all other repairs, 10-

years on gutter installation. This warranty covers only the quality of workmanship by the Company. Any at location hail event (> 0.5”) or wind event (> 65 MPH) voids this

warranty.

19. There will be a returned check fee of $135.00 for each returned check, regardless of reason.

REVISED 03/2024