In the All Team Funding Agreement, what does the term 'Centennial Agreement' refer to?

According to All Team's 2025 Franchise Disclosure Document, the 'Centennial Agreement' is defined within the context of the Funding Agreement between All Team Franchise Corporation and the franchisee (referred to as USER). Specifically, the Centennial Agreement refers to the funding agreement that exists between Centennial Bank (or any successor or assign) and All Team Franchise Corporation (ATFC). This agreement is explicitly incorporated by reference into the Funding Agreement between All Team and the franchisee.

This means that the financial arrangements between Centennial Bank and All Team directly impact the franchisee's funding relationship with All Team. The Purchase Price of Customer Invoices is guided by the Centennial Agreement, and if the Centennial Agreement is reduced, the Purchase Price percentage of 80% can be reduced accordingly. This creates a potential risk for the franchisee, as changes to the Centennial Agreement could negatively affect the funding they receive from All Team.

Furthermore, if there is any conflict between the Funding Agreement and the Centennial Agreement, the Centennial Agreement takes precedence. Centennial Bank has no liability or obligation to the franchisee. This highlights the importance of understanding the terms of the Centennial Agreement, even though the franchisee is not a direct party to it, as it ultimately governs aspects of their funding relationship with All Team. A prospective franchisee should request more information about the Centennial Agreement and how it might impact their business.