Does the Crown Gold Exchange franchise agreement allow for non-renewal upon expiration?

olation under, any anti-terrorism law, regulation, or executive order.

ARTICLE 3. TERM

• 3.1 Term. This Agreement commences on the Effective Date and continues for 10 years.
• 3.2 Successor Agreement. When the term of this Agreement expires, Franchisee may enter into a successor agreement subject to the following conditions prior to each expiration:
  • (i) Franchisee notifies Crown Gold Franchising of the election to renew between 90 and 180 days prior to the end of the term;
  • (ii) Franchisee (and its affiliates) are in compliance with this Agreement and all other agreements with Crown Gold Franchising (or any of its affiliates) at the time of election and at the time of renewal;
  • (iii) Franchisee has made or agrees to make (within a period of time acceptable to Crown Gold Franchising) renovations and changes to the Business as Crown Gold Franchising requires (including a Remodel, if applicable) to conform to the thencurrent System Standards;
  • (iv) Franchisee and its Owners execute Crown Gold Franchising's then-current standard form of franchise agreement and related documents (including personal guaranty), which may be materially different than this form (including, without limitation, higher and/or different fees), except that Franchisee will not pay another initial franchise fee and will not receive more renewal or successor terms than described in this Section;
  • (v) Franchisee and each Owner executes a general release (on Crown Gold Franchising's then-standard form) of any and all claims against Crown Gold Franchising, its affiliates, and their respective owners, officers, directors, agents and employees.

ARTICLE 4. FEES

• 4.1 Initial Franchise Fee. Upon signing this Agreement, Franchisee shall pay an initial franchise fee in the amount stated on the Summary Page. This initial franchise fee is not refundable.
• 4.2 Royalty Fee. Franchisee shall pay Crown Gold Franchising a monthly royalty fee (the "Royalty Fee") equal $1,000 per month. The Royalty Fee for any given month is due by the 5th day of the following month
• 4.3 Replacement / Additional Training Fee. If Franchisee sends an employee to Crown Gold Franchising's training program after opening, Crown Gold Franchising may charge its then-current training fee. As of the date of this Agreement, the training fee is $250 per day.
• 4.4 Non-Compliance Fee. Crown Gold Franchising may charge Franchisee $500 for any instance of non-compliance with the System Standards or this Agreement (other than Franchisee's non-payment of a fee owed to Crown Gold Franchising) which Franchisee fails to cure after 30 days' notice.

Source: Item 22 — CONTRACTS (FDD pages 38–39)