Mike's Red Tacos

Item 11

We (or our designee) have the right to independently access the electronic information and data generated from the Computer System.

Franchise agreement

Within 90 days following the end of each calendar year (or at other reasonable intervals Franchisor may require in writing), Franchisee shall submit to Franchisor an unaudited financial statement prepared in accordance with generally accepted accounting principles, and in such form and manner prescribed by…

Item 8

We may restrict the sourcing of current and future items.

Item 8

Neither we nor our affiliate derived any revenues from required purchases or leases from franchisees during our last fiscal year, ended December 28, 2025.

Item 8

We may negotiate purchase arrangements with suppliers and distributors for the benefit of our franchisees, and we may receive rebates or volume discounts from purchases made by our franchisees made under those purchase agreements.

Item 8

We estimate that approximately 85% of purchases required to open your Mike’s Red Tacos Restaurant and 85% of purchases required to operate your Mike’s Red Tacos Restaurant will be from us or from other approved suppliers and under our specifications.

Item 8

We reserve the right to charge the Supplier and Product Evaluation Fee described in Item 6 to evaluate a proposed product, service, or supplier that you recommend (currently estimated to be approximately $100 to $500 per submission).

Item 8

a supplier or provider that we have not yet approved (for products and services that require supplier approval), you must notify us and submit to us the information, specifications, and samples we request.

Franchise agreement

Franchisee acknowledges that all telephone numbers, facsimile numbers, social media websites, Internet addresses and email addresses (collectively “Identifiers”) used in the operation of Franchisee’s Restaurant constitute Franchisor’s assets, and upon termination or expiration of this Agreement, Franchisee will take…

Franchise agreement

Franchisee shall adhere to all PCI (Payment Card Industry), CISP (Cardholder Information Security Program) and SDP (Site Data Protection) compliance specifications, as amended.

Franchise agreement

Franchisor, its agents or representatives may, at any reasonable time during normal working hours, audit {00199191.DOC. } C-37 [2026 FA v1F] or review Franchisee’s books and records in accordance with generally accepted standards established by certified public accountants.

Franchise agreement

Franchisor shall have the right to modify the Mike’s Red Tacos Operations Manual at any time and from time to time; provided, that no such modification shall alter Franchisee’s fundamental status and rights under this Agreement.

Item 11

We must approve the site before you enter into a lease.

Franchise agreement

Franchisee may not independently market its Franchised Restaurant or discuss the Franchised Restaurant, Franchisor, or Franchisor’s Affiliates through the Internet, social media, blogs or crowdfunding campaigns, or use any domain name, address, locator, link, metatag, or search technique with words or symbols similar…

Item 11

You will pay us between $10,000 and $12,000 for this advertising, which will be due within 30 days of your grand opening.

Item 11

In addition to the Creative Fund Contributions, you must spend 1% of your annual Gross Sales on local advertising each year (“Local Advertising Requirement”).

Franchise agreement

Franchisee is obligated to participate in Franchisor’s gift and loyalty card program.

Franchise agreement

If Franchisor elects to form such cooperatives, or if such cooperatives already exist near Franchisee’s Territory, Franchisee will be required to participate in compliance with the provisions of the Operations Manual, which Franchisor may periodically modify at Franchisor’s discretion.

Item 8

You must purchase the Proprietary Products we or our affiliates develop from time to time, for proprietary recipes or formulas, and purchase them only from us or a third party who we have licensed to prepare and sell the products.

Item 8

You must use the computer hardware and software, including the point-of-sale system that we periodically designate to operate your Mike’s Red Tacos Restaurant.

Item 8

You must use our designated merchant services provider for debit and credit cards.

Item 6

We currently require you to pay fees and other amounts due to us or our affiliates via EFT or other similar means.

Item 11

In addition to offering and accepting Mike’s Red Tacos gift cards and loyalty cards, you must use any payment vendors and accept all payment methods that we determine.

Item 15

You must have at least six managers at your first Mike’s Red Tacos Restaurant in a new Development Area for at least the first 30 days of operation, and you must have a minimum of four managers for subsequent Mike’s Red Tacos Restaurants in the same Development Area for at least the first 30 days of operation (all…

Franchise agreement

Franchisee shall cause all employees, while working in the Franchised Restaurant, to: (i) wear uniforms of such color, design, and other specifications as Franchisor may designate from time to time

Item 8

You must use our required POS system.

Item 11

We (or our designee) have the right to independently access the electronic information and data generated from the Computer System.

Item 6

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

Franchise agreement

Franchisee, or if Franchisee is an Entity, its Operating Principal or a major Owner acceptable to Franchisor together with each NRO Leader, CRM and CT must attend Franchisor’s annual conference, for which Franchisee must pay a registration fee, regardless of attendance.