Mr. Electric

Item 8

We require that you use an appropriate chart of accounts, comply with our operating procedures and specifications, including internal audit standards, and use our required software (as part of the Software System) and that your accounting must also be compatible with our required Software System.

Item 11

We will have independent access to the Software System and certain information in your Computer System, including sales and related data, and there are no contractual limitations on our right to access this information and data.

Franchise agreement

In addition, within 15 days after the end of each month, you must submit to us the following information for the preceding month: (i) copies of your most recent balance sheet and statement of profit and loss, including a summary of your costs for labor, rent and other material cost items;

Item 8

Other than with respect to the Technology Package, neither we nor our affiliates are currently an approved supplier for any products or services, but we and our affiliates may be approved suppliers for other/additional products and services in the future.

Item 11

The MAP Fund is administered in part by an Advisory Council consisting of our President; our Vice President of Operations; a member of our Marketing department; and certain franchisees elected by their peers.

Item 8

We reserve the right to designate a primary or single source of supply for certain products and supplies, and we or our affiliates may be that single source.

Item 8

In the year ended December 31, 2025, we had revenue of $266,6890, or about 1.24% of our total revenues of $21,494,560, as a result of purchases by Mr. Electric franchisees from approved suppliers or under our specifications or as a result of purchases, if any, directly from us.

Item 8

All Rebates not returned to franchisees may be retained by us or our affiliate (including ProTradeNet) and used to cover administrative costs or to promote our system and brands.

Item 8

approximately 20% of your on-going purchases in connection with operation of your Business.

Item 8

You must pay upon demand our (or the third party’s) actual costs of the testing and any related costs/expenses (regardless of whether we grant an approval).

Item 8

You may purchase from other suppliers if you follow our supplier approval procedures, as described in the Manuals, and obtain our prior written approval.

Franchise agreement

assign and transfer all right, title and interest in the telephone numbers, domain names, and social media or digital marketing accounts used at any time for the Business

Item 11

You must make sure that you are in compliance with all laws that are applicable to the Computer System or other technology used in the operation of your Business, including all data protection or security laws as well as payment card industry compliance.

Item 12

Beginning with the second full calendar year of operations, your Business must achieve (a) in each calendar year, annual Gross Sales that are in the top 90% of the annual Gross Sales per franchised business for the MR. ELECTRIC franchise system for that calendar year (the “Gross Sales MPS”) and (b) a Net Promoter…

Franchise agreement

We and our authorized representative have the right to visit and inspect your Business at all reasonable times during the business day for the purpose of making periodic evaluations and to ascertain your compliance with the provisions of this Agreement, and to inspect and evaluate your services, supplies or products…

Item 11

We may, from time to time, revise the contents of the Manuals and you must comply with each new or changed standard.

Franchise agreement

We will approve your site as long as it meets our site selection guidelines and we will attempt to provide our approval or disapproval within 10 business days after you submit the location information (together with evidence of compliance with our site selection guidelines) to us.

Franchise agreement

You may not separately register any domain name containing any of the Marks or operate a website or social media account for your Business.

Item 6

Regardless of whether we impose the Minimum Local Marketing Spending on you, you must spend (1) $60,000 during the first 12 months of the operation of your Business and (2) $75,000 during months 13-24 of the operation of your Business (the “Initial Marketing Spend Requirement”, and with the Minimum Local Marketing…

Item 6

After the time period covered by the Initial Marketing Spend Requirement, we reserve the right to require you to spend an amount annually on approved local marketing and advertising of your Business (the “Minimum Local Marketing Spending”) as follows: equal to the greater of: (a) $55,000; or (b) 8% of your Gross…

Franchise agreement

We have the right to designate local advertising markets and advertising cooperatives and/or local marketing groups for such markets (collectively, each 18 MR. ELECTRIC 2026 Franchise Agreement DMS_US.375866219.3 such cooperative or group, a “LMG”), and if designated, you must participate in the LMG and its programs…

Item 8

You must purchase business management software (currently, ServiceTitan) from our designated supplier (currently, ServiceTitan, Inc.) and pay monthly fees to ServiceTitan, Inc. for your usage.

Franchise agreement

You must sign an electronic ACH Form, attached as Schedule B, to authorize and direct your bank or financial institution to allow us or our affiliate to initiate a transfer of funds electronically directly to our or our affiliate’s account and to charge to your account all amounts due to us or any affiliate.

Item 11

You must purchase a computer system that meets our standards and requirements (the “Computer System”).

Item 11

We will have independent access to the Software System and certain information in your Computer System, including sales and related data, and there are no contractual limitations on our right to access this information and data.

Item 11

If it becomes necessary to retrain a certain individual, we reserve the right to charge you a training fee.

Item 11

You must also attend, every year it is held, at your expense, the training or conference event specified by us and currently referred to as “Reunion” (see Item 6 for more detail), and any other training we designate as required.