VOLOFIT

Franchise agreement

You agree to establish and maintain at your own expense a bookkeeping, accounting, and recordkeeping system conforming to the requirements and formats (including charts of account) we prescribe from time to time.

Franchise agreement

inspect your Computer System, including hardware, software, security, configurations, connectivity, and data access; and (5) inspect and copy any books, records, financial documents and any other documents relating to the operation of your Business.

Franchise agreement

within thirty (30) days after the end of each calendar quarter, the operating statements, financial statements, statistical reports, purchase records, and other information we request regarding you and your Business covering the most recent calendar quarter and the year to date;

Franchise agreement

We or any of our affiliates may be a supplier, distributor, or otherwise party to these transactions, and may derive revenue or profit from such transactions.

Item 11

We reserve the right to change the Computer System and Required Software on notice to you.

Item 8

As of the issuance date of this FDD, we have not derived any revenue from required purchases from franchisees.

Franchise agreement

We and our affiliates may also receive rebates and other consideration from vendors that we approve based on purchases you and other franchisees make.

Item 8

We estimate that 80% to 90% of your initial investment and 80% to 90% of your ongoing expenditures will be restricted by our specifications in some manner.

Item 8

If you request our approval of a new supplier and we choose to evaluate your proposed supplier, we may require you to reimburse us the costs we incur in making this evaluation, which we estimate to range from $1,000 to $2,000.

Item 8

If you request our approval of a new supplier and we choose to evaluate your proposed supplier, we may require you to reimburse us the costs we incur in making this evaluation, which we estimate to range from $1,000 to $2,000.

Franchise agreement

as between us and you, during and after the Term, we have the sole rights to, and interest in, all telephone numbers, facsimile numbers, directory listings and any other type of contact information that you use in the operation or promotion of your Business or that is associated with your Business (“Contact…

Franchise agreement

You must, at all times, operate your Business in full compliance with all applicable laws, statutes, rules, permits, codes, court orders, ordinances and regulations, including PCI compliance standards (collectively, “law” or “laws”).

Franchise agreement

You agree to present to your customers the evaluation forms that we periodically prescribe and to participate and request your customers to participate in any surveys performed by or for us.

Item 12

We may choose, in our sole discretion, to evaluate your Business for compliance with the System Standards using various methods (including, but not limited to, inspections, field service visits, surveillance camera monitoring, member comments/ surveys, audit POS and CRM System and secret shopper reports).

Item 11

We may modify the Operations Manual periodically to reflect changes in System Standards.

Item 11

If, when you sign the Franchise Agreement, we have not accepted your proposed Premises, it is entirely your responsibility to propose to us potential sites for your Business, secure our written acceptance of your proposed site, and gain possession of the accepted site within 6 months of signing the Franchise Agreement.

Item 11

You must spend at least $35,000 on the grand opening advertising program.

Item 11

Beginning after you complete your grand opening advertising obligations (as discussed below) you must spend a minimum of $2,500 per month to advertise and promote your Business in its local market (this may include costs of yellow pages advertising).

Item 8

Currently, you must purchase our proprietary inventory, and the Turn-key Studio Package from us, our designated suppliers or other suppliers approved by us in writing.

Item 8

You must use only those types of equipment (including the Computer System as defined below), furniture, fixtures, signs and inventory (“Operating Assets”) that we have approved according to our specifications and standards for appearance, function and performance.

Franchise agreement

Currently, we require payment via electronic fund transfer to our account (as designated by us) (“EFT Authorization”).

Franchise agreement

(7) participation in gift card, loyalty and reciprocity programs;

Franchise agreement

We may require you to use a particular computer and point-of-sale system to maintain certain sales data and other information.

Item 11

The Computer System will give us and our affiliates independent, unlimited access to all information relating to your Business, including client information, class schedules, trainer schedules, customer information and customer polling.

Item 11

We may mandate that you use certain software in the operation of your Business, which might require that you execute a license agreement with us, our affiliate, or a designated third-party software licensor.

Item 11

We will periodically provide you additional and refresher training.

Item 11

In addition, you will attend an annual conference of all VOLOFIT Business franchise owners at times, days and locations we designate.