Extract to table

1 (governing law: "This Agreement shall be governed by and construed in accordance with the laws of the State of Florida"); FLA § 20

6 of each FLA provides that any amounts not paid when due shall accrue interest at the rate of one and one-half percent (1

2 further provides that if an audit reveals that the franchisee has underpaid amounts due to Verimark by more than two percent (2%) of reported GRR for any period, the franchisee shall bear all costs of the audit, including reasonable fees and expenses of accountants and auditors retained by Verimark

1 of each FLA provides that, upon receipt of written notice of material breach from Verimark specifying the nature of the breach, the franchisee shall have thirty (30) days to cure the breach

2(c) states: "[S]ystematic underreporting of Gross Room Revenue shall constitute a material breach that is incapable of cure

3 of each FLA provides that, upon termination for cause, the franchisee shall pay to Verimark liquidated damages equal to three times (3×) the trailing-twelve-month royalties for each terminated property