Mr. Shawn Wilson reports

BUILDDIRECT SECURES C$9.526 MILLION REVOLVING CREDIT FACILITIES FROM ROYAL BANK OF CANADA

Builddirect.com Technologies Inc. and Builddirect Operations Ltd., a wholly owned subsidiary of the company, have entered into revolving demand credit facility agreements dated Dec. 20, 2024, with the Royal Bank of Canada (RBC).

Pursuant to the credit agreements, RBC will make available to the company and Builddirect Operations revolving demand credit facilities with an aggregate borrowing limit of up to $9,526,000. The RBC loans are payable upon demand, and the aggregate borrowing limit thereunder are subject to certain financial covenants calculated on a consolidated basis for the company and its operating subsidiaries.

The RBC loans will be secured against the assets of the company and its operating subsidiaries, and the company and Builddirect Operations intend to use the proceeds from the RBC loans for general working capital purposes and to restructure certain long-term debt.

The interest rate, depending on the currency, on the RBC loans is based on RBC prime rate plus a percentage negotiated between the parties to the RBC loans.

The RBC loans are correspondingly being provided by RBC with support from Export Development Canada's trade expansion lending program.

The RBC loans are not convertible into securities of the company, and there are no securities being issued to RBC as a bonus in relation to the RBC loans.

"These credit facilities are a key milestone in Builddirect's growth strategy," said Shawn Wilson, chief executive officer of Builddirect. "These facilities will provide the flexibility to expand our working capital while strategically refinancing our secured debt. The backing of a Tier 1 financial institution like RBC, combined with support from EDC-backed programs, underscores strong confidence in our business model, and aim to support our ability to continue to pursue sustained growth and value for our stakeholders."

About Builddirect.com Technologies Inc.

Builddirect.com is a growing omni-channel building material retailer. Builddirect connects North American home improvement B2B (business-to-business) and B2C (business-to-customer) organizations, and homeowners with quality building materials and services through its robust global supply chain network. Builddirect's growth trajectory, strong product offering and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry.

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