Authority to Proceed

To: Chipmunks USA Franchising, Inc.
From:

I / We will forward by EFT or Cheque Deposit payment of $16,500 incl GST being Part Deposit for the Purchase of a Franchise known as:

Chipmunks Playland & Café 

Conditions:

1. The Deposit is Refundable.

2. The Franchisor acknowledges that the deposit sum of $16,500 incl GST forms part of the initial Franchise Fee ($8,200 incl GST Deposit + $5,000 incl GST CAD Drawings + $3,300 incl GST Legal Fees).

3. If the Authority to Proceed is withdrawn or cancelled in writing before issue and/or signing the Franchise Agreement, the Franchisor will refund $8,200 incl GST to the Applicant, and not design costs $5,000 incl GST (if incurred) and legal costs to prepare the Franchise Agreement $3,300 incl GST (if incurred).

4. The offer is subject to and conditional upon a suitable property Lease being negotiated for the approval of the Applicant and the Applicant being approved by the Lessor.

a. Lease term of 7-10 years

b. Options for further terms of 5*5 years or similar

c. A rental range of $125,000 – $175,000 per annum

d. As per the Agreed Terms negotiated with the Lessor

5. The offer is subject to the Franchisors approval of the Applicant and the issue of a Franchise Agreement in line with the property Lease.

a. Franchise Agreement of 7-10 years or similar

b. Options for further terms of 5*5 years or similar

c. As per the Agreed Terms negotiated with the Lessor

6. The Franchisor agrees to an Initial Franchise Fee of $70,000 + GST payable as per the Chipmunks Store Set Up and Payment Timeline.

Conditions - other:
Signed
EFT / Deposit Details:

Chipmunks Playland & Café Australia Pty Ltd

BSB: 034 115

ACCOUNT NUMBER: 468 610

REFERENCE: Your surname & territory 

Receipt will be issued

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