When does Bb.Q Chicken consider the development fee fully earned?

circumstances.

Multi-Unit Operator Agreement: If you qualify to develop and operate multiple Restaurants or Food Trucks, then you will pay to us a development fee equal to 100% of the initial franchise fee for each Restaurant or Food Truck you commit to develop under the Multi-Unit Operator Agreement. The initial franchise fee for each Restaurant or Food Truck you commit to develop under the Multi-Unit Operator Agreement will be $50,000. If you commit to develop the minimum of three Restaurants and/or Food Trucks, the development fee is $150,000 ($50,000 x 3 = $150,000). We have the right to adjust this formula depending on the size of the area and the financial ability of the multi-unit operator. The development fee is fully earned by us when received and is not credited against any future fees payable by you under any Franchise Agreement or otherwise.

You will sign the Franchise Agreement for the first Restaurant or Food Truck at the same time you sign the Multi-Unit Operator Agreement. We will apply a portion of the development fee to pay the initial franchise fee in full for each Restaurant or Food Truck when you sign the Franchise Agreement for that Restaurant or Food Truck. Please see the above table for initial fees in the amount of $67,000 to $154,000 that you will pay to the franchisor or affiliate under the Franchise Agreement before the opening of the first Franchise Business. The development fee is imposed uniformly on all multi-unit operators and is not refundable under an

Source: Item 5 — INITIAL FEES (FDD pages 13–15)