What is the definition of 'Royalty' in the All County franchise agreement?

43 | | | Appendix B – Location and Territory | 45 | | | Appendix C – Guaranty and Assumption of Obligations | 47 | | | Appendix D – Communications Assignment | 49 | | | Appendix E – Reconciliation Assistance Program | 50 | | | Franchise Agreement Acknowledgment Addendum | 52 | | | | |#### ALL COUNTY® FRANCHISE AGREEMENT

| CURRENT ASSETS: | | | | |---|---|---|---| | Cash and Cash Equivalents | $ 372,503 | $ 80,928 | $ 66,131 | | Commissions Receivable, net | (3,198) | 45,404 | 95,321 | | Due from Shareholder | | - | - | | Notes Due from Franchisees | | - | - | | Total Current Assets | 369,305 | 126,332 | 161,452 | DEFINITIONS. Words and phrases used frequently in this Agreement will have the meaning indicated:

• "Ad Fee" means the amount of money that you are required to contribute to the Advertising Fund.
• "Advertising Fund" means the pool of money controlled by All County Property Management Franchise Corp. for the purpose of advertising, marketing and other promotional activities to promote ALL COUNTY® businesses.
• "Affiliated Companies" or "Affiliate(s)" means any person or company that, directly or indirectly, controls, is controlled by, or is under common control with, the referenced party.
• "Agreement" or "Franchise Agreement" means this document, all its attachments, exhibits, stipulations and schedules and written modifications whenever made.
• "ALL COUNTY® business" means a real estate property management services business operating under the Marks and using the Operating System that we, or any of our Affiliates, own and operate or license any other person or entity to own or operate.
• "Broker of Record" means the designated real estate broker of record who is duly registered with the state authorities in any state in which you will be operating the Franchise Business, if required by your state or jurisdiction.
• "Business" means your ALL COUNTY® business operated under this Agreement.
• "Competitive Business" means any business that offers real estate management services, including any business that offers real estate property management services, real estate rental services, real estate listing and advertising services, or any other services that are the same or similar to those offered by ALL COUNTY® businesses, or any business that offers franchises or licenses to others to operate any business that offers real estate management services, including any business that offers real estate property management services, real estate rental services, real estate listing and advertising services, or any other services that are the same or similar to those offered by ALL COUNTY® businesses.
• "Corporation or Partnership" includes, if applicable, reference to your formation as a limited liability company, limited liability partnership, or any other type of limited liability entity.
• "Effective Date" means the date this Agreement becomes effective as designated on the Signature Page of this Agreement.

^"Accounting Period" means one calendar month.

• "E-2 Investor Visa Franchise" means a franchise where an Owner is a candidate for an E-2 Investor Visa in compliance with the laws of the United States of America.

• "Franchisee" means the individual or entity inserted in the space at the beginning of the Agreement.

• "Franchised Business" means your ALL COUNTY® business operated under this Agreement.

• "Franchisor" means All County Property Management Franchise Corp.

• "Gross Revenue" means the total revenue and other consideration from the Franchised Business, and whether from cash, check, or credit transactions, and including e-commerce transactions, but excluding Maintenance Revenue, excluding all federal, state or municipal sales, use or service taxes collected from customers and paid to the appropriate taxing authority, and excluding customer refunds, adjustments, credits and allowances actually made by the Franchised Business in compliance with our Methods of Operation.

• "Guarantor" means any person who signs the Guaranty and Assumption of Obligations found in Appendix C to the Agreement.

• "Location(s)" means your principal place of business and any other places where we authorize you to operate the Franchised Business.

• "Maintenance Revenue" means all total revenue and other consideration you, any Owner, or any affiliated business entity derive from repairs and maintenance services to real property or equipment, including but not limited to painting, lawn care, preventative maintenance, cleaning, plumbing, and general repairs to real property or equipment.

• "Maintenance Revenue Fee" means the percentage fee payable from you to us each month for any Maintenance Revenue you derive.

• "Managing Owner" means the Owner of the Franchised Business that has all the authority necessary to carry out day to day business decisions, answer any questions or requests we have, and bind you.

• "Manual" or "Operations Manual" means our confidential ALL COUNTY® Operations Manual which contains the required policies and procedures for the operation of the Franchised Business, and includes all specifications contained in the "Information Library" on our intranet site, or such substitute database as we may use, and all supplemental bulletins, memoranda, revisions and replacements.

• "Marks" means the current and future trade names, trademarks, service marks and trade dress used to identify ALL COUNTY® businesses and the services and products offered by ALL COUNTY® businesses, including the "ALL COUNTY" mark.

• "Marks Standards" means standards specified in the Manual for interior and exterior Mark-bearing signs, advertising, and other items and the use of these items in the Franchised Business.

• "Methods of Operation" means the mandatory and suggested specifications, standards, operating procedures and rules that we prescribe for the operation of the Franchised Business.

• "Minimum Gross Revenue Requirement" means the minimum Gross Revenue you must derive from the operation of the Franchised Business each calendar year during the Term of the Franchise Agreement.

• "National Accounts" means regional or national businesses with which we've agreed to provide services to customers at certain National Account locations, which may include National Account locations within your Territory.

• "Ongoing Website Hosting and Maintenance Fee" means the monthly fee you pay to us for ongoing access to our website and online systems.

• "Operating Standards" means the standards specified in the Manual for customer service, hours, required services and products, and employee training.

• "Operating System" means the plan and system as updated and revised from time to time for providing our real estate property management services using our software, accounting methods, merchandising, equipment selection, advertising, promotional techniques, personnel training and quality standards that feature the Marks and includes all proprietary materials, our Operating Standards, Marks Standards, and Technology Standards.

Source: Item 23 — Receipts (FDD pages 43–157)