For a Big Air Trampoline Park facility, what is the 'Development Period' column referring to?

Agreement shall be executed and delivered, and the Initial Franchisee Fee for the first Big Air Trampoline Facility shall be paid, to Franchisor concurrently with the execution and delivery of this Agreement. All subsequent Big Air Trampoline Facilities developed under this Agreement shall be established and operated pursuant to the form of Franchise Agreement then being used by Franchisor for a Big Air Trampoline Facility. Multi-Unit Developer acknowledges that the then-current form of Franchise Agreement may differ from the form attached, and may include different economic terms, including, but not limited to, higher royalty rates and advertising contributions.

4.2 Development Schedule.

(a) Acknowledging that time is of the essence, Multi-Unit Developer agrees to exercise its development rights according to Section 3.1 and according to the Development Schedule set forth on Attachment B, which schedule designates the number of Big Air Trampoline Facilities in the Development Territory to be established and in operation by Multi-Unit Developer upon the expiration of each of the designated development periods ("Development Periods").

• (b) During any Development Period, Multi-Unit Developer may, with Franchisor's prior written consent, develop more than the number of Big Air Trampoline Facilities that Multi-Unit Developer is required to develop during that Development Period. Any Big Air Trampoline Facilities developed during a Development Period in excess of the minimum number of Big Air Trampoline Facilities required to be developed upon expiration of that Development Period shall be applied to satisfy Multi-Unit Developer's development obligation during the next succeeding Development Period. Multi-Unit Developer shall not open more than the cumulative total number of Big Air Trampoline Facilities Multi-Unit Developer is obligated to develop under this Agreement, as set forth above in the Development Schedule; provided, however, that Multi-Unit Developer may be permitted to open Big Air Trampoline Facilities in excess of the number permitted by the Development Schedule if, in Franchisor's sole discretion, Franchisor determines that the Development Territory can support additional Big Air Trampoline Facilities and Multi-Unit Developer receives Franchisor's advanced written permission to develop more Big Air Trampoline Facilities. Multi-Unit Developer shall pay Franchisor the then-current Initial Franchise Fee applicable at the time Multi-Unit Developer signs a Franchise Agreement for any additional Big Air Trampoline Facilities.
• (c) If during the term of this Agreement, Multi-Unit Developer ceases to operate any Big Air Trampoline Facility developed under this Agreement for any reason, Multi-Unit Developer shall develop a replacement Big Air Trampoline Facility to fulfill Multi-Unit Developer's obligation to have open and in operation the required number of Big Air Trampoline Facilities upon the expiration of each Development Period. The replacement Big Air Trampoline Facility shall be developed within a reasonable time to be agreed upon by the parties after Multi-Unit Developer ceases to operate the Big Air Trampoline Facility to be replaced. If during the term of this Agreement, Multi-Unit Developer, in accordance with the terms of any Franchise Agreement for a Big Air Trampoline Facility developed under this Agreement, transfers its interest in such Big Air Trampoline Facility, the transferred Big Air Trampoline Facility shall continue to be counted in determining whether Multi-Unit Developer has complied with the Development Schedule so long as it continues to be operated as a Big Air Trampoline Facility. If the transferred Big Air Trampoline Facility ceases to be operated as a Big Air Trampoline Facility during the term of this Agreement, Multi-Unit Developer shall develop a replacement Big Air Trampoline Facility within a reasonable time, not to exceed twelve months, after the transferred Big Air Trampoline Facility ceases to be operated as a Big Air Trampoline Facility. In either case, the reasonable time period shall apply to the development of the replacement Big Air Trampoline Facility only and, in Franchisor's sole discretion, extend the term of the applicable Development Period to the end of the mutually agreed upon time period; provided that in no event shall such time period exceed one year.

(d) Opening Schedule.

(i) Multi-Unit Developer shall open each Big Air Trampoline Facility and shall commence business in accordance with the Development Schedule set forth on Attachment B, unless, subject to Franchisor's approval, Multi-Unit Developer obtains an extension of the Development Period from Franchisor to complete construction and commence operation of a particular Big Air Trampoline Facility. Each extension shall be for an additional 30-day period commencing upon the expiration of the applicable Development Period, including any previous extensions thereof ("Extension Date"). No more than two extensions of any Development Period will be permitted. If an extension of a Development Period is granted by Franchisor, the Opening Date for the Big Air Trampoline Facility (as defined in the Franchise Agreement) shall be extended to the Extension Date. No extension of any Development Period shall affect the duration of any

other Development Period or any of Multi-Unit Developer's other development obligations. If an extension is requested in the final Development Period, the term of this Agreement shall be extended to the Extension Date, and thereafter Multi-Unit Developer shall have no further rights under this Agreement except as provided in Section 2. The provisions of this Section 4.2(d)(i) do not apply to the development of a replacement Big Air Trampoline Facility under Section 3.2(c). Each extension may be conditioned upon payment of a $5,000 extension fee ("Extension Fee") as set forth in the Operations Manual.

• (ii) Multi-Unit Developer shall notify Franchisor in writing at least 30 days prior to the Projected Opening Date (defined below) for a Big Air Trampoline Facility if Multi-Unit Developer will be unable to complete construction and commence operation of the Big Air Trampoline Facility by the expiration date of the Development Period in which such Big Air Trampoline Facility was to have been opened. In such notice Multi-Unit Developer shall request that the Franchisor consider its request for an extension and shall include a description of the reasons for its failure to develop the Big Air Trampoline Facility in a timely manner and the expected date of completion of construction and opening, if the extension were to be granted, along with payment of the Extension Fee if required.
• (e) Failure by Multi-Unit Developer to adhere to the Development Schedule (including any extensions approved by Franchisor) or to adhere to any time period for the development of replacement Big Air Trampoline Facilities as set forth in Section 3.2(c) shall constitute a material event of default under this Agreement.
• 4.3 Multi-Unit Develope

Source: Item 23 — RECEIPT (FDD pages 53–255)