CANADIAN PRICING. ELECTRIC PRICE GUIDE EFFECTIVE: MAy 15, Part # W

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CANADIAN PRICING ELECTRIC PRICE GUIDE EFFECTIVE: MAy 15, 2015 Part # W415-1520

WOLF STEEL LTD. 24 Napoleon Road, Barrie, Ontario, Canada L4M 0G8 Tel: (705) 721-1212 Fax: (705) 722-6031 www.napoleonfireplaces.com Order Desk Tel: 1-888-721-7253 Order Desk Fax: 1-877-725-7120 TABLE OF CONTENTS DESCRIPTION IGNITION SYSTEM PAGE # ELECTRIC FIREPLACES EF30 (Tranquil Series) 4 BEF33/BEF40 (Ascent Series) NEW 5 Electric Fireplace Series (Tranquil, Slimline, Azure ) NEW 6-8 MAP & IMAP POLICIES 9-12 TERMS: NET 30 DAYS on approved credit, 2% monthly service charge on overdue accounts. All products remain the property of Wolf Steel Ltd. until fully paid. All taxes extra. FOB Wolf Steel Ltd. warehouse 6/29/2015 Wolf Steel Ltd. reserves the right to make changes to prices and product without notice. Illustrations may not be exactly as shown.

Effective: May 15, 2015 EF30 TRANQUIL SERIES ELECTRIC FIREPLACE WITH HEATER - 110V Tested in Canada & the U.S. to the heating standard CSA C22.2 46/UL1278 EF30 TRANQUIL SERIES UNIT INCLUDES: CLEAN, CRISP, LOUVRELESS HIGH DEFINITION VIEWING AREA WITH SLEEK, PEWTER FINISH MINIMALISTIC FRAME, THERMOSTATICALLY CONTROLLED 5,000 BTU HEATER WITH "LOW", "MEDIUM" AND "HIGH" SETTINGS, HEAT CIRCULATING FAN, HAND HELD REMOTE CONTROL, REALISTIC BURNING LOG APPEARANCE, ADJUSTABLE FLAME HEIGHT, ADJUSTABLE CHARCOAL EMBER INTENSIFIER, GLASS FRONT. PRE-WIRED FOR OPTIONAL WALL MOUNT THERMOSTAT INSTALLATION. COMES STANDARD WITH 6FT CORD, ALSO SUITABLE FOR HARDWIRING DIRECTLY TO THE HOUSEHOLD WIRING. 4 EXTRA LIGHT BULBS INCLUDED. SUITABLE FOR BATHROOM/BEDROOM/BEDSITTING ROOMS. Product Model Description Finish WT/lbs. Sugg. List EF30 Electric Fireplace, 110V-1500 Watts, complete with hand held remote 90 $639 EF30G Electric Fireplace w/glass Crystaline TM ember bed, 110V-1500 Watts, complete with hand held remote 90 $639 OPTIONS/ACCESSORIES DECORATIVE EFMD30K Electric Fireplace (Logs) with bevelled edge deluxe mantel painted black 185 $1,299 EFMD30GK Electric Fireplace (Glass) with bevelled edge deluxe mantel painted black 185 $1,299 EFMM30GC Electric Fireplace (Glass) with "Metro" Mantel natural finish (clear) 185 $1,099 EFMM30GK Electric Fireplace (Glass) with "Metro" Mantel painted black 185 $1,099 EFMM30C Electric Fireplace (Logs) with "Metro" Mantel natural finish (clear) 165 $1,099 EFMM30K Electric Fireplace (Logs) with "Metro" Mantel painted black 165 $1,099 CONTROLS W660-0081 Thermostat, wall mount - Digital 1 $64 6/29/2015 Wolf Steel Ltd. reserves the right to make changes to prices and product without notice. Illustrations may not be exactly as shown. 4

Effective: May 15, 2015 ASCENT BEF33H and BEF40H ELECTRIC FIREPLACE WITH HEATER - 110V Tested in Canada & the U.S. to the heating standard CSA C22.2 46/UL2021 BEF33/BEF40 ASCENT SERIES UNIT INCLUDES: CLEAN, CRISP, LOUVRELESS HIGH DEFINITION VIEWING AREA WITH SLEEK, POWDER COATED FINISH MINIMALISTIC FRAME, THERMOSTATICALLY CONTROLLED 5,000 BTU HEATER, HEAT CIRCULATING FAN, HAND HELD REMOTE CONTROL, REALISTIC BURNING LOG APPEARANCE, ADJUSTABLE FLAME HEIGHT (LOW, MEDIUM, HIGH), ADJUSTABLE CHARCOAL EMBER INTENSIFIER, GLASS FRONT. PRE-WIRED FOR OPTIONAL WALL MOUNT THERMOSTAT INSTALLATION. COMES STANDARD WITH 6FT CORD, ALSO SUITABLE FOR HARDWIRING DIRECTLY TO THE HOUSEHOLD WIRING. SUITABLE FOR BATHROOM/BEDROOM/BEDSITTING ROOMS. Product Model Description Finish WT/lbs. Sugg. List 33" Electric Fireplace. Clean, self trimming firebox with realistic logs and ember bed. Plug in 110V or hard BEF33H 82 $999 wire 110V. Complete with hand held multi function 40" Electric Fireplace. Clean, self trimming firebox with realistic logs and ember bed. Plug in 110V or hard BEF40H 119 $1,299 wire 110V. Complete with hand held multi function OPTIONS/ACCESSORIES Mantel Packages Listed Below Include Mantel or Media Entertainment Unit Plus the Electric Fireplace and will be shipped in 2 Boxes MANTEL PACKAGES FOR BEF33H ASCENT TM NEFP33-0414CM The LOREN 33" Mantel Package (54-7/8 "w x 16.5"d x 40"h) NOTE: SHIPPED IN TWO PCS. NEFM33-0414CM & BEF33H Contemporary Mahogany finish with aluminum alloy trim 183 $1,149 NEFP33-0214W The TAYLOR 33" Mantel Package (55"w x 18 "d x 45.3"h) NOTE: SHIPPED IN TWO PCS. NEFM33-0214W & BEF33H White Finish 192 $1,249 NEFP33-0114M The HARLOW 33" Mantel Package (55"w x 18"d x 45.3"h) NOTE: SHIPPED IN TWO PCS. NEFM33-011M & BEF33H Mahogany Finish 192 $1,279 NEFP33-0314BW The MONROE 33" Mantel Package (57.5" x 18.5"d x 45"h) NOTE: SHIPPED IN TWO PCS. NEFM33-0314BW & BEF33H Burnish Walnut Finish 221 $1,499 NEFP33-0614AM The COLBERT 33" Media Package (65"w x 20"d x 44.5"h) NOTE: SHIPPED IN TWO PCS. NEFM33-0614AM & BEF33H Antique Mahogany w/curved glass doors and LED lights 295 $1,699 MANTEL PACKAGES FOR BEF40H ASCENT TM NEFP40-0714C The ADEN 40" Mantel Package (64"w x 20"d x 52-3/8"h) NOTE: SHIPPED IN TWO PCS. NEFM40-0714C & BEF40H Cherry Finish 271 $1,699 6/29/2015 Wolf Steel Ltd. reserves the right to make changes to prices and product without notice. Illustrations may not be exactly as shown. 5

Effective: May 15, 2015 WALL MOUNT ELECTRIC FIREPLACES - 110V LINEAR ELECTRIC SERIES UNIT INCLUDES: CLEAN, CRISP, LOUVRELESS HIGH DEFINITION VIEWING AREA WITH SLEEK, FRAMELESS FULL GLASS FRONT, HAND HELD REMOTE CONTROL, MODERN GLASS/STONE EMBERS, FLAME HEIGHT INTENSIFIER WITH ADJUSTABLE SETTINGS. COMES STANDARD WITH 6FT CORD. CONVENIENT WALL HANGING DESIGN. SUITABLE FOR BATHROOM/BEDROOM/BEDSITTING ROOMS. EF39HD TRANQUIL SERIES WALL MOUNT ELECTRIC FIREPLACE WITH HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46/UL1278 Product Model Description Finish WT/lbs. Sugg. List EF39HD complete with hand held remote, low medium and high temperature settings, 6 extra light bulbs included 82 $649 EF39S TRANQUIL SERIES WALL MOUNT ELECTRIC FIREPLACE WITHOUT HEATER Tested in Canada & the U.S. to CSA C22.2 No.12/UL153 Product Model Description Finish WT/lbs. Sugg. List EF39S Decorative Electric Fireplace with decorative clear glass embers, complete with hand held 82 $599 remote NO HEATER - Designed for Direct Wall Mount OR Recess, 6 extra light bulbs LINEAR SLIMLINE ELECTRIC FIREPLACES - 110V UNIT INCLUDES: CLEAN, CRISP, LOUVRELESS HIGH DEFINITION VIEWING AREA WITH SLEEK, FRAMELESS FULL GLASS FRONT, HAND HELD REMOTE CONTROL, CORD COVER, MODERN CLEAR GLASS EMBERS, ENERGY SAVING LED LIGHTS, FLAME HEIGHT INTENSIFIER WITH ADJUSTABLE SETTINGS. COMES STANDARD WITH 6FT CORD. CONVENIENT WALL HANGING DESIGN. SUITABLE FOR BATHROOM/BEDROOM/BEDSITTING ROOMS. EFL32H SLIMLINE SERIES WALL MOUNT ELECTRIC FIREPLACE WITH HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46/UL1278 and UL2021 EFL32H complete with hand held remote, low and high temperature settings 46 $499 EFC32H SLIMLINE SERIES WALL MOUNT ELECTRIC FIREPLACE WITH CURVED FRONT AND HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46 /UL1278 and UL2021 Electric Fireplace with decorative clear glass embers, Curved Front, 110V-1500 Watts (5000 EFC32H BTU'S) heater, complete with hand held remote, low and high temperature settings 50 $499 EFL48H SLIMLINE SERIES WALL MOUNT ELECTRIC FIREPLACE WITH HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46/UL1278 and UL2021 EFL48H complete with hand held remote, low and high temperature settings 72 $699 6/29/2015 Wolf Steel Ltd. reserves the right to make changes to prices and product without notice. Illustrations may not be exactly as shown. 6

Effective: May 15, 2015 LINEAR ELECTRIC SERIES EFL60H SLIMLINE SERIES WALL MOUNT ELECTRIC FIREPLACE WITH HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46/UL1278 and UL2021 EFL60H complete with hand held remote, low and high temperature settings. 90 $1,299 EFL72H SLIMLINE SERIES WALL MOUNT ELECTRIC FIREPLACE WITH HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46/UL1278 and UL2021 EFL72H complete with hand held remote, low and high temperature settings. 101 $1,499 EFL100 SLIMLINE SERIES WALL MOUNT ELECTRIC FIREPLACE WITHOUT HEATER Tested in Canada & the U.S. to Luminaries CSA C22.2 No. 250.0 UL1598 EFL100 Electric Fireplace with decorative clear glass embers, 110V-75 Watts complete with hand held remote NO HEATER 137 $1,999 EFL42H AZURE SERIES PARTIAL RECESSED WALL MOUNT ELECTRIC FIREPLACE WITH HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46/UL1278 EFL42H complete with hand held remote, low and high temperature settings 60 $599 EFL50H AZURE SERIES PARTIAL RECESSED WALL MOUNT ELECTRIC FIREPLACE WITH HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46/UL1278 EFL50H complete with hand held remote, low and high temperature settings 70 $799 NEFV38H AZURE SERIES PARTIAL RECESSED WALL MOUNT ELECTRIC FIREPLACE WITH HEATER Tested in Canada & the U.S. to the heating standard CSA C22.2 No.46/UL1278 NEFV38H Electric vertical wall mount with decorative clear glass embers, multi-coloured flame, convex tempered glass front, black finish design and back lit ambiance lighting, 110V-1500 Watts (5000 BTU'S) heater, complete with hand held remote, low and high temperature settings 38 $499 6/29/2015 Wolf Steel Ltd. reserves the right to make changes to prices and product without notice. Illustrations may not be exactly as shown. 7

Effective: May 15, 2015 LINEAR ELECTRIC SERIES OPTIONS/ACCESSORIES - COMMON TO ALL MODELS DECORATIVE ALTERNATE MEDIA KITS ARE AVAILABLE TO REPLACE CLEAR GLASS SUPPLIED WITH UNIT MKGK media kit glass embers - black 5 $99 MKGB media kit glass embers - blue 5 $99 MKGR media kit glass embers - red 5 $99 MKGA media kit glass embers - amber 5 $99 MKGT media kit glass embers - topaz 5 $99 ALL MEDIA ENHANCEMENT KITS ARE DESIGNED FOR RANDOM PLACEMENT WITHIN THE FIREBOX AS AN ADDITION TO EXISTING GLASS MEGK media enhancement kit 1 lb. glass embers - black 1 $49 MEGB media enhancement kit 1 lb. glass embers - blue 1 $49 MEGR media enhancement kit 1 lb. glass embers - red 1 $49 MEGA media enhancement kit 1 lb. glass embers - amber 1 $49 MEGT media enhancement kit 1 lb. glass embers - topaz 1 $49 6/29/2015 Wolf Steel Ltd. reserves the right to make changes to prices and product without notice. Illustrations may not be exactly as shown. 8

MAP (Minimum Advertised Price) Policy This Policy replaces and supersedes all prior Minimum Advertised Price policies ( MAP or Policy ) issued by Wolf Steel USA Inc., Wolf Steel Limited and Napoleon Appliance Corporation, (collectively, the Company ) applies to all Company distributors, wholesalers, retailers, dealers and other resellers located in the United States and Canada (collectively, the Resellers ). This Policy has been implemented in order for the Company to better compete against established brands in the market for premium widgets and accessories. In particular, the Company has determined that adoption of this Policy is a necessary component of its strategy to reduce or minimize distribution channel conflicts and to ensure that the Company s line of products is supported with aggressive marketing, prominent merchandising and product displays, pre sale and post sale customer service, education and stocking of sufficient product inventories to adequately service the local market. POLICY APPLICATION This Policy applies to all dealers, distributors or retailer s ( Reseller ) of the Company products. POLICY The Minimum Advertised Price ( MAP ) for the Covered Products shall be: Indoor and outdoor Fireplaces: 10% off the MSRP as listed in price book Grills, Outdoor Heating and Furniture: 10% off the MSRP as listed in price book Furnaces and Cooling Products: 10% off the MSRP as listed in price book This policy is unilateral, non negotiable and will not be altered for any Reseller. The Company will not ask, nor will we accept from any Reseller an agreement as to retail prices or an agreement regarding compliance with this Policy. The Company s Reseller has the legal right to set their own retail prices on our products. However, we have independently and unilaterally determined that advertised discounting and price promotions associated with the Company s products weaken and diminish their value and image. Revised March 2015

MAP (Minimum Advertised Price) Policy Advertising such as print, radio and television fall under this policy. Should a reseller wish to sell product on the internet via website or third party sellers such as ebay, Kijiji or any other marketplace the reseller must follow the IMAP policy. Permitted under this MAP policy is NO Tax, FREE delivery, FREE Installation and any gift with purchase. The value of this gift with purchase cannot be displayed or called out as a savings unless it is a Wolf Steel driven event. Anything misleading to the customer deemed by Wolf Steel will also be a violation. Should the Reseller have 2 or more violations exceeding this 48 hour period, Napoleon reserves the right to no longer ship product to the Reseller and may terminate the partnership without any liability to Napoleon. Napoleon will monitor Reseller s pricing. Should there be a violation of the MAP Policy; Napoleon will give either a verbal or written notice to a representative of the Reseller. There is no response needed to this notice. If the advertised pricing has not been corrected in 48 hours of notification the Reseller will forfeit any rebates (thus being co op, damage allowance for volume rebates) earned during the period of violation and will not be eligible for any specials or promotional discounting. Reoccurring violations will result in the following penalties: First 48 hour written notice Second Lose of co op during the period of violation Third Possible lose of partnership with Wolf Steel and their products. This Policy applies to all first quality products and accessories manufactured and distributed under the Company s (the Covered Products ). It does not apply to discontinued, closeout or distressed merchandise, or to special over stock promotions as announced by the Company. The Company may also, from time to time, announce promotional periods during which the Policy will not apply with respect to all or some Covered Products. Revised March 2015

IMAP (Internet Minimum Advertised Price) Policy Effective January 2013, the Napoleon IMAP Policy will be effective to all Internet resellers of Napoleon Products. This Policy replaces and supersedes all prior Internet Minimum Advertised Price policies ( IMAP or Policy ) issued by Wolf Steel USA Inc., Wolf Steel Limited and Napoleon Appliance Corporation, (collectively, the Company ) applies to all Company distributors, wholesalers, retailers, dealers and other resellers located in the United States and Canada (collectively, the Resellers ). Resellers who advertise any or all of Napoleon products must comply with this IMAP Policy. This policy is independent from any other agreements or contracts with Napoleon. Napoleon reserves the right to discontinue doing business with any reseller without liability in the event of violations of the IMAP Policy. There will be no communication between Napoleon and a reseller about any other Reseller s advertised price and Napoleon will strictly enforce this policy should there be violations. The Reseller is solely responsible for their compliance to the IMAP Policy. There will be no such warnings or negotiation between Napoleon and the Reseller on this matter. Any website that features Napoleon products with advertised pricing must not be advertised below the IMAP list price as stated on the Napoleon Price List. These prices include areas such as the shopping cart and hyperlinks that take the consumer to another website. Coupons for additional savings, call for price, contact us, and emailed quotes are also not permitted. Violations of the IMAP Policy include and are not limited to internet advertisements; emails, banner ads, third party sites either sponsored or paid by the Reseller, unauthorized couponing and hyperlinks to any other shopping carts. Napoleon must be excluded from any and all coupons and discounts unless authorized and promoted by Napoleon. Permitted under this IMAP policy is Free shipping, Free installation, NO Tax and any gift with purchase. The value of this gift with purchase cannot be displayed or called out as a savings. Anything misleading to the customer deemed by Wolf Steel will also be a violation. Revised March 2015

IMAP (Internet Minimum Advertised Price) Policy Should the Reseller have 2 or more violations exceeding this 48 hour period, Napoleon reserves the right to no longer ship product to the Reseller and may terminate the partnership without any liability to Napoleon. Napoleon will monitor Reseller s pricing on the Internet. Should there be a violation of the IMAP Policy; Napoleon will give either a verbal or written notice to a representative of the Reseller. There is no response needed to this notice. If the advertised pricing has not been corrected in 48 hours of notification the Reseller will forfeit any rebates (thus being co op, damage allowance for volume rebates) earned during the period of violation and will not be eligible for any specials or promotional discounting. Reoccurring violations will result in the following penalties: First 48 hour written notice Second Lose of co op during the period of violation Third Possible lose of partnership with Wolf Steel and their products. The IMAP Policy is confidential and Napoleon requests that no Reseller disclose the terms and conditions of this policy. Should you have any concerns or need clarification about IMAP please contact IMAP@napoleonproducts.com. Be advised that you will not be notified regarding a matter reported. Revised March 2015

Other Napoleon Products Gas Stoves Charcoal Grills Gas Fireplaces Mantels Wood Stoves Hybrid Furnaces Electric Fireplaces Heating & Cooling Gas Grills 24 Napoleon Road, Barrie, Ontario, Canada L4M 0G8 103 Miller Drive, Crittenden, Kentucky, USA 41030 7200 Trans Canada Highway, Montreal, Quebec H4T 1A3 Tel: 705-721-1212 Fax: 705-722-6031 napoleonfireplaces.com