Midas Shop

Item 11

You must also use Quickbooks or an approved accounting software for financial reporting.

Item 14

We are permitted to use the Data as we deem appropriate without obtaining any further written consent from you than what you provide in the Franchise Agreement.

Franchise agreement

Franchisee shall submit to Midas, within ninety days after the end of each fiscal year of Franchisee, complete financial statements in form prescribed by Midas, including balance sheet, profit and loss statement, and statement of source and disposition of funds.

Item 8

Except as noted below and for your warranties, Fleet Program, and point-of-sale system, you can purchase Required Products & Services from any supplier (the exclusive providers for your warranties, Fleet Program, and point-of-sale system are described below) without our approval.

Item 20

We have created and sponsor three advisory committees comprised of franchisees that we select, including an operations committee, a marketing committee, and an IT committee.

Item 11

We may modify our requirements for your computer systems (including the point-of-sale system), which may include adding required computer systems and software and designating specific suppliers for those items, from time to time in our sole discretion without any contractual limitation.

Item 8

We currently receive discounts/rebates ranging from 2% to 10% of products and services purchased from certain suppliers by Midas and Midas franchisees.

Item 8

If you propose that we designate your proposed supplier as an approved supplier, because you believe they meet our specifications, you must first notify us of your proposal in writing and provide us information we may require to determine whether the proposed supplier meets our specifications.

Item 17

assign and transfer telephone numbers to us.

Item 11

Have the right, at reasonable times, to visit your Franchised Unit, to inspect the merchandise, equipment and nature of the goods sold and services rendered, to examine your books and records, to observe generally the manner and method of operation of the Franchised Unit, and to address operating problems.

Item 17

Modification of the Section 10.11 of the The Manual and system standards agreement Franchise Agreement are subject to change; we may issue policies, procedures and regulations during franchise term.

Item 11

We must approve a Site for your Franchised Unit, but we are not required to locate the Site or negotiate your lease.

Franchise agreement

Franchisee shall purchase from Midas, Midas’s affiliates, subsidiaries, parents, or Midas’s approved suppliers (collectively, the “Suppliers”), during the Term and subject to the terms hereafter set forth, such quantities of the Approved Products as necessary to fulfill the public demands of the Approved Shop(s).

Item 6

You are required to pay the royalties by electronic payment transactions through automated clearing house debits (“ACH Debit”).

Franchise agreement

Purchase and require all employees to wear uniforms as may be reasonably prescribed by Midas from time to time;

Item 8

If you are a new franchisee (not an existing franchisee exercising successor franchise rights for a Midas Shop or acquiring a franchise for an additional Midas Shop), you are required to use the point-of- sale system required by us in your Franchised Unit.

Item 11

We reserve the right to change, modify or amend these additional training requirements and to charge a fee for additional training courses at any time.