Extreme Art Studio

Franchise agreement

within 15 days after the end of each calendar month, the operating statements, financial statements, statistical reports, and other information we request regarding the Franchised Business covering that month;

Item 8

We are currently the only approved supplier of this item.

Franchise agreement

We reserve the right from time to time to approve specifications for manufacturers, suppliers, and distributors of the above items that meet our reasonable standards and requirements.

Item 8

During the last fiscal year, ended December 31, 2023, neither we nor any of our affiliates derived any revenue from required purchases, supplier rebates, and franchisee leases.

Item 8

We and/or our affiliates may derive additional revenue based on your purchases and leases (including from charging you for products or services we or our affiliates provide to you and from payments made to us or our affiliates by suppliers that we designate or approve for some or all of our franchisees).

Item 8

We estimate that approximately 75% of purchases required to open your Extreme Art Studio Business and 50% of purchases required to operate your Extreme Art Studio Business will be from us or from other approved suppliers and under our specifications.

Item 8

We reserve the right to charge you our then-current new product/supplier application fee and require you to reimburse us for our expenses (which will not exceed the reasonable cost of the research and inspection, and the actual cost of the test) to make the evaluation.

Item 8

If you would like to purchase or use any products, services, operating assets, or materials that we have not approved or from any unapproved supplier, you must submit to us a written request for approval of the proposed product and/or supplier prior to purchasing any such item.

Franchise agreement

you acknowledge that all telephone numbers, facsimile numbers, social media websites, Internet addresses, and email addresses (collectively “Identifiers”) used in the operation of the Franchised Business constitutes our assets, and upon termination or expiration of this Franchise Agreement, you will take such action…

Franchise agreement

including compliance with the then-current Payment Card Industry Data Security Standards, as those standards may be revised and modified by the PCI Security Standards Council, LLC or any successor organization, or standards that we may reasonably specify

Franchise agreement

we and our designated agents or representatives may at all times and without prior notice to you: (1) inspect the Franchised Business;

Franchise agreement

We may modify the Franchise Operations Manual periodically to reflect changes in System Standards.

Item 11

You may not lease or purchase a site for your Studio until after we have approved the site in writing.

Franchise agreement

You may not, without our prior written approval, develop, maintain or authorize any website, social media account, crowdfunding campaigns or blogs that mention or describes you, your Extreme Art Studio Business, or displays any of the Marks.

Item 11

You must execute an opening marketing and advertising program (“Grand Opening Marketing Program”) for your Extreme Art Studio Business in which you must spend at least $5,000 to $10,000 during the time period beginning approximately one week before your Extreme Art Studio Business is scheduled to

Item 11

each Extreme Art Studio Business you operate must spend $500 per month per Extreme Art Studio Business to advertise and promote your Extreme Art Studio Business (including the costs of online advertising) (“Local Advertising Requirement”).

Item 11

If we elect to form any cooperatives, or if any cooperative(s) already exist near your territory, you will be required to participate in compliance with the provisions of the Franchise Operations Manual, which we may periodically modify in our discretion.

Item 8

You must purchase or lease approved brands, types, or models of products, services, supplies, operating assets, or other items only from suppliers we designate or approve.

Item 8

You must purchase or lease approved brands, types, or models of products, services, supplies, operating assets, or other items only from suppliers we designate or approve.

Franchise agreement

You hereby authorize us to debit the business checking account you designate automatically for the Royalty, technology fee, Brand Fund Contribution and other amounts due under this Franchise Agreement (“EFT Authorization”).

Item 11

In addition to offering and accepting Extreme Art gift cards and loyalty cards, you must use any payment vendors and accept all payment methods that we require.

Franchise agreement

You must obtain and use the computer hardware and software that we designate (“Computer System”) for each of your Extreme Art Studio Businesses.

Item 11

The Computer System we designate will give us and our affiliates’ independent, unlimited access to all information relating to the Extreme Art Studio Business generated by the Computer System, including, but not limited to, customer, price maintenance, and payroll information.

Item 6

We may expenses charge you for training additional persons, newly hired personnel, refresher training courses, advanced training courses, and additional or special assistance or training you need or request.

Item 11

You and your operating owner, if applicable, must attend mandatory conferences at locations that we designate, and you must pay any conference fees and travel expenses.