How many renewal terms are Batteries Plus Bulbs franchisees eligible for?

• A. Term. The term of this Agreement will be for ten (10) years commencing on the Effective Date.
• B. Renewal. Franchisee will have the right to renew the Franchise for the Store for one (1) additional ten (10) year term, provided Franchisee meets the following conditions:
  • 1. Franchisee has given Franchisor written notice at least one hundred eighty (180) days before the end of the term of this Agreement of its intention to renew;
  • 1. Franchisee has complied with all of the material provisions of this Agreement, including the payment of all monetary obligations owed by Franchisee to Franchisor or its affiliates, and has complied with Franchisor's material operating and quality standards and procedures;
  • 1. Franchisee maintains possession of the Store premises and has at its expense made such reasonable capital expenditures necessary to remodel, modernize and redecorate the Store premises and to replace and modernize the supplies, fixtures, signs, and equipment used in Franchisee's business so that Franchisee's business reflects the then-current physical appearance of new Batteries Plus® stores, or is able to secure a new location within the Protected Area which has been accepted by Franchisor (such acceptance not to be unreasonably withheld) and agrees to construct all required improvements to the Store premises and install all required fixtures and equipment in compliance with Franchisor's then-current standards and specifications for new Batteries Plus® stores;
  • 1. Franchisee and its Principal Owners meet all Franchisor's managerial, financial and business standards for new and renewing franchisees;
  • 1. Franchisee (or if Franchisee is an entity, a Principal Owner who has been approved by Franchisor) and the Store manager completes, to Franchisor's satisfaction, any new training and refresher programs as Franchisor may reasonably require. Franchisee is responsible for travel, living and compensation costs of attendees;
  • 1. Franchisee has paid to Franchisor at least thirty (30) days before the term of this Agreement expires: (a) a Renewal Fee of twenty percent (20%) of Franchisor's thencurrent standard initial franchise fee applicable to new Batteries Plus® franchisees; and (b) the then-current Omni-Channel Program access renewal fee;

Source: Item 22 — Contracts (FDD page 80)