What is the definition of 'Equity Owner' in the context of the Focus Cfo franchise agreement's indemnification clause?

• 10.5.

Franchisee Indemnification.

Franchisee and Equity Owner shall hold harmless, defend and indemnify Focus CFO, any affiliate of Focus CFO, all employees, officers, directors, managers, members, franchisees, licensees, successors and assigns of Focus CFO and Focus CFO affiliates (collectively "Focus CFO Indemnitees") from and against all losses, damages, fines, costs, expenses or liabilities (including reasonable attorneys' fees, costs of investigation, expert fees and disbursements and all other costs of investigation, arbitration and/or litigation, court costs, settlement amounts, judgments, and compensation for damages to Focus CFO's reputation and goodwill) incurred in connection with any action, suit, demand, claim, investigation or proceeding, or any settlement thereof, which arises from or is based upon Franchisee's: (i) violation, breach or asserted violation of any federal, state or local law, regulation or rule; (ii) the commission of an act or omission involving a felony or involving fraud, embezzlement or other criminal conduct; (iii) material breach of any representation, warranty, covenant or provision of this Agreement or any other agreement between Franchisee and Focus CFO; (iv) gross negligence or intentional acts, especially related to work performed for a Focus CFO client, (v) infringement or alleged infringement, of a third party's patent, copyright, trademark, tradename, trade secrets or other intellectual property or the misuse or disclosure of third party confidential information or (vi) any behavior causing physical harm to an individual or property or behavior which is coercive, threatening, abusive, exploitive, harassing (including sexual, verbal or physical harassment) or which is otherwise inappropriate in a workplace or professional environment.

The obligations of Franchisee and Equity Owner in this Section shall expressly survive the expiration or early termination of this Agreement.

Furthermore, Franchisee and Equity Owner agree that their obligations and liabilities under this Section are joint and several.

• 1.2.

Focus CFO requires that Franchisee enter this Agreement as a business entity such as a limited liability company or similar entity (collectively, the "Entity") and such entity shall have one equity owner who shall serve as an Area President.

• 1. "Area President" means the Equity Owner of a Focus CFO Franchisee who works to generate new clients within Focus CFO's coordinated client development system using the Focus CFO System and Focus CFO Marks;
• 1. "Equity Owner" has the meaning set forth in the opening paragraph;

Source: Item 23 — Receipts (FDD pages 37–126)