Kidcreate

Franchise agreement

You agree to establish and maintain, at your own expense, a bookkeeping, accounting, and recordkeeping system conforming to the requirements and formats we prescribe from time to time.

Franchise agreement

We may, at any time, and without prior notice to you, examine your and the Franchised Business’s business, bookkeeping, and accounting records, sales and income tax records and returns, and other records.

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;

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We are currently the only approved supplier of these items.

Franchise agreement

We may modify specifications for and components of the Computer System from time to time, and you agree to implement our modifications within 30 days after you receive notice from us, which may include purchasing, leasing, and/or licensing new or modified computer hardware and/or software, and obtaining service and…

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During the last fiscal year ended December 31, 2024, we did not derive any revenue from the sale or lease of required products or services to franchisees.

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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).

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50% of purchases required to open your Kidcreate Mobile Studio Business and 50% of purchases required to operate your Kidcreate Mobile Studio Business will be from us or from other approved suppliers and under our specifications.

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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.

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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

(d) 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…

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

To determine whether you and the Franchised Business are complying with this Franchise Agreement and all System Standards, we and our designated agents or representatives may at all times and without prior notice to you:

Franchise agreement

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

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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 Kidcreate Business, or displays any of the Marks.

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You must spend at least $1,000 during the time period beginning approximately one week before the Studio opening of your Kidcreate Two in One Studio Business is scheduled to open and within approximately four weeks after the opening.

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In addition to any Brand Fund Contributions, each Kidcreate Business you operate must spend $500 per month per Kidcreate Business to advertise and promote your Kidcreate Business (including the costs of online advertising) (“Local Advertising Requirement”).

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

Franchise agreement

If, as of the time you sign this Franchise Agreement, we have established a Local Advertising Cooperative for the geographic area in which the Franchised Business is located, or if we establish a Local Advertising Cooperative in that area during this Franchise Agreement’s term, you agree to sign the documents we…

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You must purchase certain products and supplies that contain our Marks from us.

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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”).

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In addition to offering and accepting Kidcreate 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 Kidcreate Businesses.

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

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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.

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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.