How must all payments from the Developer to the Franchisor be made under the Chatime agreement?

According to Chatime's 2025 Franchise Disclosure Document, payments from the Developer to Chatime must be made in full, net of any bank charges, via direct deposit into Chatime's bank account. The specific bank account details are outlined in Section 7 of Schedule 1. However, Chatime retains the right to specify an alternative payment method by providing written notice to the Developer, which may include direct debit from the Developer's bank or credit account. To facilitate payments via direct debit or other electronic methods, the Developer is obligated to complete any necessary forms or documents required by Chatime.

Furthermore, all payments must be made in Dollars unless Chatime specifies otherwise. If the payments are calculated in the currency of the Development Area, they must be converted into Dollars using the exchange rate that Chatime notifies on the payment due date. If a payment is remitted after its due date, the currency exchange rate used will be the greater of either the rate on the original due date or the date the payment is actually remitted.

In the event that legal restrictions are imposed on the purchase of Dollars or the transfer of payments in Dollars to a non-resident party, the Developer must immediately notify Chatime. During such restrictions, Chatime may require payment in an alternative currency available to the Developer or instruct the Developer to deposit the due amounts into an account designated by Chatime within the Development Area. Chatime is entitled to any interest earned on these deposits. Alternatively, Chatime may choose to receive payment in the form of products or services available to the Developer, with the value based on the Developer's actual cost for those products or services. If payment is made in products or services, the Developer must deliver them to Chatime or its designated agent within the Development Area.