Abbey Carpet & Floor

3471 Bonita Bay Boulevard, Bonita Springs, Florida 34134

[email protected]

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Abbey Carpet Co., Inc. was incorporated in 1958 under the laws of the State of California as a retail carpeting store. Abbey Carpet Co., Inc. started as a family owned business and by 1966 had grown from one store to eleven stores. In 1966, Abbey Carpet Co., Inc discontinued operating any retail businesses and operated only as a buying service centered in Sacramento, California. Abbey Carpet Co., Inc. has continued to offer such buying service memberships and in 1971 became one of the first franchises to be registered under California’s Franchise Investment Law. On November 20, 1995, Abbey Carpet Co. of Florida, Inc. was incorporated under the laws of the State of Florida. Effective January 1, 1996, Abbey Carpet Co., Inc. was merged into Abbey Carpet Co. of Florida, Inc. which subsequently changed its name to Abbey Carpet Co.,Inc. ABBEY is now a corporation organized and existing under the laws of the State of Florida with its principal offices located at 3471 Bonita Bay Boulevard, Bonita Springs, Florida 34134.

The individual or business entity becoming a member will be licensed for five (5) years to utilize the Abbey System and the Abbey Carpet & Floor'^'^ trademarks, trade names and service marks, as the same currently exist (the "Marks") Memberships m the Abbey System are offered on both a single-showroom and a multiple-showroom basis, and members that choose to operate more than one Showroom will not be required to pay an Initial Membership Fee (defined in Item 5 below) or any Service Fees or Advertising Fees (defined respectively in Item 6 below) for their additional Showrooms Only the first Showroom will be required to pay the Initial Membership Fee, and only the first Showroom will be entitled to the $1,000 sign credit (described in Item 7, footnote 7 below) The minimum purchase requirements are set forth in Item 8 below (see Section 7 1 of the Membership Agreement) The Abbey System is based upon owner/operators of floor covering showrooms selling to individual consumers from a variety of samples provided by ABBEY The showrooms then purchase the customer orders from ABBEY approved floor covering and window treatment vendor This concept is such that a member of the Abbey System can offer a wide variety of quality floor covering and window treatment products to the consumer by selling from samples and then purchasing merchandise necessary to supply a particular consumer's needs at special prices negotiated by ABBEY from designated vendors The concept eliminates the need to maintain a substantial inventory of floor covering and window treatment products The special orders of merchandise so sold are obtained from ABBEY-approved floor covering and window treatment vendors at prices that normally are less than those available to a store not participating in the Abbey System. The Abbey Carpet & Floor membership concept is intended for and directed toward the experienced owner/operator of an existing floor covering store, and accordingly ABBEY does not provide site selection, business financing, employee training, or management supervision before or after the execution of any Abbey Carpet & Floor Membership Agreements The Abbey System competes with other national floor covering marketing and merchandising systems ABBEY IS not aware of any regulations applicable specifically to the selling of floor coverings other than laws and regulations applicable to businesses in general, including, without limitation, the Americans with Disabilities Act, Federal Wage and Hour Laws, and the Occupational Safety and Health Act