Who will administer and manage the Fund, if and when created, for Spray Net?

According to Spray Net's 2025 Franchise Disclosure Document, Spray Net, an affiliate, or a third party selected by Spray Net will administer and manage the advertising fund, if and when it is created. Spray Net will determine how the fund is managed.

Spray Net will account for the fund contributions separately from its other funds and will not use the fund for general operating expenses. However, Spray Net may use the fund to cover reasonable salaries, administrative costs, third-party costs, travel expenses, and overhead incurred in administering the fund and its programs. The fund is not considered an asset or trust, and Spray Net does not owe franchisees any fiduciary obligations related to the fund.

Spray Net may spend more or less than the total contributions in any fiscal year, borrow funds to cover deficits, or invest any surplus for future use. Interest earned on fund contributions will be used to pay costs before spending the fund's other assets. Spray Net is not required to spend any of a franchisee's fund contributions in their designated territory and will provide an accounting of the fund within 120 days after the fiscal year end upon written request. Spray Net has the right to modify or discontinue the fund at its sole discretion.