RUMBLE

Franchise agreement

Franchisee agrees to record all of its receipts, expenses, invoices, member lists, class schedules and other business information required by Franchisor from time to time promptly in the computer system and use the software that Franchisor specifies or otherwise approves.

Item 11

The system is designed to enable us to have immediate, independent access, including access through a file transfer protocol or polling through the internet, to the information monitored by the system, and there is no contractual limitation on our independent access or use of the information we obtain.

Franchise agreement

Franchisee acknowledges and agrees that Franchisor and certain of its affiliates are (or may at any time in future become) an approved, designated, or sole supplier for certain boxing/fitness equipment, other equipment, products, logo items, signage and artwork, and other items and services used or sold in Rumble…

Franchise agreement

Franchisor reserves the right to revoke its approval of a previously authorized supplier, product, class or service when Franchisor determines in its discretion that such supplier, product, class or service is not meeting the specifications and standards established by Franchisor.

Item 8

In fiscal year 2024, we did not receive any revenue from the sale of goods and services to franchisees, but our Predecessor received $5,918,035 from franchisees.

Item 8

We and/or our affiliates may receive payments or other compensation from Approved Suppliers or any other suppliers on account of these suppliers’ dealings with us, you, or other Studios in the System, such as rebates, commissions or other forms of compensation, which may comprise of fixed payments and/or percentages…

Item 8

We estimate that your required purchases, purchases from Approved Suppliers and purchases that must meet our specifications in total will be about 75% to 95% of your total purchases to establish the Studio and about 35% to 70% of your purchases to continue the operation of the Studio.

Item 8

You must pay our then-current supplier or non-approved product evaluation fee when submitting your request, which is currently $500 per day, as well as cover our costs incurred in evaluating your request.

Item 8

We may, but are not obligated to, grant your request to: (i) offer any products or services in connection with your Franchised Business that are not Approved Products and Services; or (ii) purchase any item or service we require you to purchase from an Approved Supplier from an alternative supplier.

Item 11

You must operate your Computer System in compliance with certain security standards specified and modified by us and with our System Standards (Franchise Agreement, Sections 5.4 and 10.3).

Franchise agreement

Franchisor reserves the right to supervise, determine and approve the standards of appearance, quality and service pertinent to the Studio including, without limitation, the right at any reasonable time and without prior notice to Franchisee to: (1) inspect and examine the business premises, fitness equipment…

Franchise agreement

Franchisee acknowledges that Franchisor may from time to time revise its Systems as well as the contents of the Manual, and Franchisee agrees to comply with each new or changed standard and specification upon notice from Franchisor.

Item 11

You must secure our approval of an Authorized Location within 90 days of executing your Franchise Agreement for that Studio or we may terminate that Franchise Agreement (Franchise Agreement, Section 1.2).

Item 11

In addition to the Local Advertising Requirement, you will be required to expend a minimum of $15,000 in connection with pre-opening sales activities and other initial launch promotional activities designed to increase visibility of your Franchised Business within your Designated Territory (the “Initial Marketing…

Franchise agreement

Franchisee must spend the greater of (a) $1,500, or (b) two percent (2%) of Gross Sales each per month on approved local advertising and marketing activities (excluding agency and vendor fees) designed to promote the Studio within the Designated Territory (the “Local Advertising Requirement”).

Franchise agreement

Franchisee shall only purchase fitness equipment, boxing items, and other required products or services from approved suppliers as specified on the changed list.

Franchise agreement

Franchisee agrees that all exercise equipment must be purchased exclusively from approved suppliers

Franchise agreement

Franchisee is required to use only the POS/Inventory System provided by the designated supplier and will pay the designated provider directly for all fees associated with the use of the designated provider’s software.

Franchise agreement

Franchisee authorizes weekly ACH debits via EFT based on an amount equal to the total weekly amount due Franchisor, as set forth in Section 5 of the Franchise Agreement.

Item 15

Your Studio must, at all times, be managed by and staffed with at least one (1) individual who has successfully completed the Studio Management Training.

Franchise agreement

Franchisee further agrees to install at its expense and use the membership accounting, cost control, point of sale (“POS”) and inventory control systems through the supplier Franchisor designates.

Item 11

The system is designed to enable us to have immediate, independent access, including access through a file transfer protocol or polling through the internet, to the information monitored by the system, and there is no contractual limitation on our independent access or use of the information we obtain.

Item 11

We may charge you our then-current training fee based on the number of days of such training that we provide at your request (regardless of location) (Franchise Agreement, Section 5.5).