Franchisee Reporting Obligations

1. WEEKLY SALES REPORTS – Each Wednesday, by midnight, a report must be faxed or emailed to ColorAll Technologies International, Inc. The fax number is (954) 969-1679 and the email address is CorpReports@ColorAll.com. This report represents invoices that were completed from the prior week. The following information required on this report is the invoice date, the invoice number, the customer name, the name of the technician that performed the work, and the sales amount of the invoice.



2. MONTHLY SALES REPORTS – Each month by the 10th of the month you are required to either fax, email or mail your Franchise Monthly Sales Summary Report to ColorAll Technologies International, Inc. The Weekly and Monthly reports can be found in the “Memorized Reports” in QuickBooks.



3. MONTHLY ROYALTY FEE – Each month by the 25th of the month, ColorAll Technologies International, Inc. must receive your Royalty Fee payment for sales generated in the previous month. Payment can be made by check or credit card. Mark the approval box if you elect to use the credit card method of payment on the Franchise Monthly Royalty Fee Transmittal Form.



4. EMPLOYEE / INDEPENDENT CONTRACTOR INFORMATION – Each month, by the 25th of the month, you are required to furnish to ColorAll Technologies International, Inc. a listing of all your employees and independent contractors, their helpers or apprentices. Include the names, addresses and phone numbers (home and cell numbers). You must use the required form and it must be signed personally.



5. CONFIDENTIALITY AND NON COMPETITION AGREEMENTS – Each new employee, independent contractor and/or account manager must sign a Confidentiality and Non Competition Agreement prior to starting work and this Agreement must be submitted to the corporate office within 3 business days of execution.



6. MONTHLY FINANCIAL STATEMENTS – Each month, by the 25th of the month, you are required to furnish to ColorAll Technologies International, Inc., your monthly Profit and Loss Statement and the month end Balance Sheet using the QuickBooks Accounting System provided to you during management training.



7. END OF YEAR FINANCIALS AND TAX RETURNS – Within 90 days of the end of each fiscal year, you are required to furnish ColorAll Technologies International, Inc., your yearly Profit & Loss Statement, end of year Balance Sheet and a copy of your Federal Tax Return. Along with these documents, we require a cover sheet containing the following statement: “The following information is true and correct and in accordance with my agreements with ColorAll Technologies International, Inc.” and signed by the Franchisee.