How is the successor franchise fee determined for a Crisp & Green franchise?

15.03 Agreements. If you have the right to acquire a successor franchise in accordance with Section 15.01 and do not opt out of renewal in accordance with Section 15.02, we and you (and your Principal Owners) will execute the form of franchise agreement (which may contain provisions, including royalty fees, materially different from those contained herein) and all ancillary agreements (including, personal guarantees by your Principal Owners and a remodeling agreement on such terms as we determine to be appropriate) which we then customarily use in granting successor franchises for the operation of Restaurants. The successor franchise agreement will be for a successor franchise term of ten (10) years. You must pay us a successor franchise fee due upon signing the successor franchise agreement, which shall be the equivalent of 50% of the initial franchise fee set forth in the then current form franchise agreement. In addition, you and your Principal Owners must execute general releases, in form and substance satisfactory to us or as we then explicitly prescribe, of any and all claims against us, and our Affiliates, owners, officers, directors, employees, agents, successors and assigns. Failure by you (and your Principal Owners) to sign such agreements and releases within thirty (30) days after delivery to you shall be deemed an election by you not to acquire a successor franchise for the Franchised Restaurant. Upon expiration of such successor franchise agreement, you will have a further right on terms and conditions contained in the successor franchise agreement to acquire a future successor franchise as we then prescribe.

Source: Item 23 — RECEIPTS (FDD pages 66–252)