What transfer fee must the assignee pay to Amorino for the assignment of the Area Developer Agreement?

According to Amorino's 2025 Franchise Disclosure Document, a transfer fee is required when transferring the franchise. Specifically, the franchisee or the transferee must pay the amount specified as the "Transfer Fee" in the Data Sheet. In addition to the transfer fee, the franchisee or transferee is responsible for reimbursing Amorino's reasonable costs and expenses, including legal fees, incurred during the transfer process. This reimbursement covers costs associated with obtaining background checks on the transferee and its Principals.

It's important to note that the franchisee is obligated to reimburse Amorino for these costs and expenses even if the transfer is not ultimately completed. This means that if a franchisee begins the transfer process but it falls through for any reason, they are still responsible for covering Amorino's incurred expenses.

Furthermore, Amorino's consent to a transfer does not waive any claims it may have against the transferring party, nor does it waive Amorino's right to demand strict compliance with the agreement terms from the transferee. This ensures that Amorino retains its rights and protections regardless of the transfer. Prospective franchisees should carefully review the Data Sheet in the FDD to understand the specific transfer fee amount and be prepared to cover additional costs associated with the transfer process.