Where can I find a description of the 'Exit Formula' within the Exit Franchise Agreement?

According to Exit's 2025 Franchise Disclosure Document, the 'Exit Formula' is defined as the system of fees and dues described in Schedule 2 attached to the Franchise Agreement. This means that prospective franchisees can find a detailed breakdown of all fees and dues associated with the Exit franchise within Schedule 2 of their agreement. Schedule 2, titled "EXIT FORMULA", outlines the specific financial obligations franchisees will have to Exit Realty Corp. International.

Schedule 2 (or Schedule 1, depending on the excerpt) further defines key terms relevant to the Exit Formula, such as 'Sales Representatives' and 'Exit Associates'. It also specifies the 'Effective Date' for Sales Representatives and other Exit Associates, which determines when they are eligible for the remuneration package. This date is contingent upon factors like license transfers, executed agreements, and completion of the online Exit Associate Profile. Understanding these definitions is crucial for grasping how the Exit Formula impacts different roles within the Exit franchise system.

Additionally, the Exit FDD clarifies that if termination is because of a default or other agreed upon terms, sponsoring bonuses to associates who are no longer with Exit will be paid to the Subfranchisor as provided in the Exit Formula or if the Subfranchisor does not exist, to Exit. This clause highlights the importance of understanding the Exit Formula in the context of franchise termination and the distribution of sponsoring bonuses.