Where can the fees for the Remax Offerings be found?

ed on these monies, will be accounted for separately from our and REMAX, LLC's other funds. A portion of your annual contributions to the Hot Air Balloon Fund will be used to pay administrative expenses reasonably related to the direction and implementation of the Hot Air Balloon Fund's purposes described above. As part of those administrative expenses, the Hot Air Balloon Fund pays REMAX, LLC amounts equivalent to salaries, travel, rent and other expenses it incurs in administering the Hot Air Balloon Fund.

F. REGIONAL DEVELOPMENT FEE. (INDIANA ONLY)

If your Office is located in Indiana, you agree to pay REMAX Regional or its designee a Regional Development fee of $200 per month if your Office is in a high-density area (an area with a general population of more than 30,00 people) or $150 per month if your Office is a low-density area (an area with a general population of less than 30,000 people, that is substantially distant from a major urban area). The Regional Development fee will be due and will be considered late if not received by REMAX Regional by the 10th day of the month after the month the Office opens and by the 10th day of each month throughout the remainder of the Term of the Franchise Agreement. REMAX Regional may increase the Regional Development fee once in any calendar year, but not by more than 20% of the amount of the Regional Development fee as of the date of any such increase.

G. TEAM OFFICE FEES.

You agree to pay us a non-refundable $1,000 initial fee ("Team Office Initial Fee") for each Team Office you establish and a $500 non-refundable renewal fee ("Team Office Renewal Fee") for each Team Office that you renew. You also agree to pay a $100 monthly ongoing team office fee ("Monthly Ongoing Team Office Fee"), which fee will be due and will be considered late if not received by REMAX Regional by the 10th day of the month after the Team Office opens and by the 10th day of each month throughout the remainder of the Term of the Agreement. We have the right to increase the amount of the Monthly Ongoing Team Office Fee once in any calendar year provided such increase will not exceed 20% of the Monthly Ongoing Team Office Fee amount in effect at the time of any such increase.

H. PAYMENT/LATE CHARGES/INTEREST.

(1) Failure to Timely Make Payment.

If you fail to make any payments to us or REMAX, LLC by their due date, you agree to pay us or REMAX, LLC as the case may be: (a) a late charge equal to 20% of the amount due in the case of delinquent Annual Dues and 10% of the amount due in the case of all other delinquent fees and charges, or if such rates exceed the highest rate permitted by applicable law, then at the highest rate permitted by applicable law; and (b) with the exception of Annual Dues, interest on all amounts owed but unpaid at the rate of 1% per month compounded, or if such rate exceeds the highest rate permitted under applicable law, then at the highest rate legally permitted. If we or REMAX, LLC are ever deemed to have contracted for, charged or received interest on any overdue sums in an amount that exceeds the amount permitted under applicable law, then such excess amount shall be deemed intended for, and will be applied as, payment of outstanding fees or other amounts due under this Agreement and, if no such amounts remain outstanding, such excess shall be returned to you.

(2) Failure to Timely Submit Reports.

If you fail to submit any reports by their due date, you agree to pay us a late charge of $100 per day until the reports are submitted in compensation for the additional administrative costs and expenses we incur as a result of the late submission (see also Section 10).

(3) Submission of Payments.

You agree to pay all fees, dues, and charges in accordance with such procedures that REMAX Regional or REMAX, LLC may specify. REMAX Regional accepts payments via electronic funds transfer ("EFT") or automated clearinghouse transfer ("ACH"). REMAX Regional reserves the right to specify alternative methods of payment or to require payment other than by EFT or ACH and you agree to comply with our payment instructions and procedures. If REMAX Regional accepts credit card or other alternative forms of payment (such as cryptocurrency), you agree to pay any associated processing fees and surcharges.

Before your Office begins operating, you agree that you will sign and deliver to us the documents we require to authorize us to debit your business checking account for Monthly Ongoing Fees, Marketing Fund fees, Hot Air Balloon Fund fees (if your Office is in Indiana, Minnesota, or Wisconsin), Regional Development fees (if your Office is in Indiana), Annual Dues, and other amounts due under this Section 6 and for your purchases from us and/or our Related Parties ("Electronic Depository Transfer Account" or "EDTA"). In addition to any other remedies we may have, failure to timely complete the documents that we need to auto-debit your bank account may result in a processing fee of $100 per month. You agree to sign a withdrawal authorization form (Automatic Bank Draft) or to provide the payment information needed for automatic payment when you are prompted in the online billing system ("RE/MAX Agent and Office Portal"). We or one of our Related Parties will debit the EDTA for the amounts due on their due dates. You agree to ensure that funds are available in the EDTA to cover such withdrawals. If there are insufficient funds in the EDTA to cover any amount you owe, you agree (i) to pay us, on demand, a processing fee of $100, plus reimbursement of our administrative expenses and charges; and (ii) that we may require that you make some or all subsequent payments to us by certified check or other form of payment we may designate.

I. APPLICATION OF PAYMENTS.

When we or REMAX, LLC receive a payment or a partial payment required under this Section 6, we or REMAX, LLC have the right to apply it as we see fit to any past due indebtedness of yours, including late charges or interest due, all without regard to how you designate or direct that a particular payment be applied.

Source: Item 22 — Contracts (FDD pages 108–334)