Sip Fresh

Item 11

We (or our designee) have the right to independently access the electronic information and data relating to your Sip Fresh Business and to collect and use your electronic information and data in any manner, including to promote the System and the sale of Franchises.

Franchise agreement

You must also prepare annual Financial Statements within 30 days of the end of your fiscal year.

Franchise agreement

We may change or add approved suppliers of this Technology at any time, in our sole discretion.

Item 8

During our last fiscal year ended December 31, 2024, neither we nor our affiliates derived any revenue or other material consideration as a result of franchisees’ required purchases or leases.

Item 8

We and our affiliates may receive rebates from some suppliers based on your purchase of products and services and we have no obligation to pass them on to our franchisees or use them in any particular manner.

Item 8

We estimate that approximately 90% of purchases required to open your Sip Fresh Business and 75% of purchases required to operate your Sip Fresh Business will be from us or from other approved suppliers or under our specifications.

Item 8

We reserve the right to charge a fee to evaluate the proposed product, service, or supplier.

Item 8

If you want to use or sell a product or service that we have not yet evaluated, or if you want to purchase or lease a product or service from 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 {00190989.DOCX. } 16…

Franchise agreement

Immediately stop using all telephone numbers, advertisements, domain names and social media accounts associated with the Franchised Business.

Franchise agreement

You agree to comply 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

We have the right, at any time, to have an independent audit made of the books and financial records of your Franchised Business.

Franchise agreement

We can modify the Franchise Operations Manual at any time.

Item 11

We must approve the site before you sign the lease.

Franchise agreement

You may not maintain a separate website, conduct e-commerce, or otherwise maintain a presence on the Internet in connection with your Franchised Business without our express written permission, which we may revoke at any time, in our sole discretion.

Item 7

You must spend approximately $3,000 to $5,000 on our required grand opening advertising campaign.

Item 11

We require you to spend 1% of your Gross Sales and utilize these funds to advertise within your local marketing and advertising (“Local Advertising Requirement”).

Franchise agreement

You agree to participate in our gift card and loyalty programs, if any, and agree to make gift cards and loyalty programs available for purchase and redemption at your Franchised Business subject to the policies and procedures contained in the Franchise Operations Manual.

Franchise agreement

You are required to participate in any advertising cooperative that we require for the purpose of creating and/or purchasing advertising programs for the benefit of all franchisees operating within a particular region.

Item 8

This includes purchasing or leasing all products, services, supplies, fixtures, equipment, inventory, computer hardware, and software, and real estate related to establishing and operating the Sip Fresh Franchise under our specifications, which may include purchasing these items from: (i) our designees; (ii) approved…

Item 8

You must obtain the computer hardware, software licenses, maintenance, and support services, digital menu board subscriptions, POS System subscriptions, loyalty program subscriptions, and other related services that meet our specifications from the suppliers we specify.

Franchise agreement

You agree to maintain, at all times, credit card relationships with the credit and debit card issuers or sponsors, check or credit verification services, financial center services, payment providers, merchant service providers, loyalty and gift cards, and electronic fund transfer systems (together, “Payment Vendors”)…

Item 6

We currently require you to pay fees and other amounts due to us or our affiliates via electronic funds transfer (“EFT”) or other similar means.

Franchise agreement

You agree to participate in our gift card and loyalty programs, if any, and agree to make gift cards and loyalty programs available for purchase and redemption at your Franchised Business subject to the policies and procedures contained in the Franchise Operations Manual.

Franchise agreement

You must utilize the technology, including software, computer hardware and components, point of sale system, digital menu board subscriptions, loyalty program subscriptions, online ordering, cash register(s), communication equipment, and other related accessories or peripheral equipment (collectively, “Technology”)…

Item 11

We (or our designee) have the right to independently access the electronic information and data relating to your Sip Fresh Business and to collect and use your electronic information and data in any manner, including to promote the System and the sale of Franchises.

Item 6

We may charge you for additional person for training additional persons, newly hired initial training and per personnel, refresher training courses, trainee for additional remedial training, advanced training or remedial training) courses, and additional or special assistance or training you need or request.