What is the penalty for late payment of fees other than Annual Dues for a Remax franchisee?

eam Office. The monthly ongoing Team Office Fee will be due and will be considered late if not received by RE/MAX, LLC by the 10th day of the month after the month the Team Office opens or renews and by the 10th day of each month throughout the remainder of the term of the Franchise Agreement.

¹³ You will be required to pay all fees, dues and charges in accordance with such procedures that RE/MAX Regional may specify. As of the Issuance Date of this disclosure document, RE/MAX Regional accepts payment via

electronic funds transfer ("EFT") or automated clearinghouse transfer ("ACH"). RE/MAX Regional reserves the right to specify alternate 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 in the future RE/MAX Regional accepts credit card or other alternative forms of payment, you agree to pay any associated processing fees and surcharges. Before your Office begins operating, you will be required to 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, Annual Dues, and other amounts due under the Franchise Agreement and for your purchases from us and/or our affiliates (the "Electronic Depository Transfer Account" or "EDTA"). You may be required to sign a Withdrawal Authorization Form (Automatic Bank Draft or Recurring Payment Withdrawal Authorization Form); the current form is attached to this disclosure document as Exhibit A-7. Alternatively, you may be prompted in RE/MAX Regional's online billing system ("RE/MAX Agent and Office Portal") to provide banking information for automatic payment (if we allow you to pay by credit card, you may be charged a credit card processing fee or surcharge). We will debit the EDTA for these amounts on their due dates. You will be required 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, (i) you will be required to pay us, on demand, a processing fee of $100, plus reimbursement of our administrative expenses and charges; and (ii) we may also require that you make some or all subsequent payments to us by certified check or other form of payment we may designate. In addition to any other remedies we may have under the Franchise Agreement, failure to timely complete the documents that we need to automatically debit your checking account or debit card may result in a processing fee of $100 per month. We will reserve the right to vary the frequency and method of payment or collection or require payment other than by ACH or automatic credit card transfer, and you will be required to comply with those future payment instructions and procedures.

¹⁴ If you are in Indiana, you will be required to pay RE/MAX 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 RE/MAX 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. RE/MAX 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.

Source: Item 5 — INITIAL FEES (FDD pages 29–43)