AMENDMENT TO FRANCHISE AGREEMENT

Addition of Shareholders, Partners, or Members

(Same Franchisee Entity)

THIS AMENDMENT to that certain Franchise Agreement dated the ____ day of ____________, 20____,
franchise #____________ (the “Franchise Agreement”) is entered into as of the ____ day of ____________, 20____, (the
“Effective Date”) by and between RE/MAX, LLC d/b/a ____________________ Region (“RE/MAX”), and
_________________________ (“Franchisee”). Additional parties to this Amendment include
_____________________________, who are all of the original shareholders, partners or members of Franchisee and who
will each retain an ownership interest in Franchisee (referred to as “Original Owners”); and
________________________________, who are new shareholders, partners or members of Franchisee (referred to as
“New Owners”). The Original Owners and New Owners are together referred to simply as “Owners”.

This Amendment is being executed to reflect changes to the underlying ownership of Franchisee and to set forth
further understandings and agreements among the parties as a result of the change in ownership, as follows:

1. The parties acknowledge that the New Owners became owners of Franchisee on ___________.

2. As a result of the above changes, Franchisee and Owners represent that ownership of Franchisee as of the Effective
Date of this Amendment is as set forth on the Ownership and Management Information schedule (the “Ownership
Schedule”) attached as Exhibit A. The attached Exhibit A supersedes and replaces any prior existing Ownership Schedule
relating to the Franchise Agreement. Franchisee will notify RE/MAX of any proposed future change to the ownership of
Franchisee, obtain RE/MAX’s consent to any such proposed change, and sign the form of addendum or amendment to
Franchise Agreement that RE/MAX is then using to reflect ownership changes.

3. All terms and conditions of the Franchise Agreement shall remain in full force and effect as to Franchisee and
nothing in this Amendment shall in any way affect the obligations of the Franchisee under the Franchise Agreement or the
obligations of the Original Owners under the Guaranty and Assumption of Obligations that each of them signed in
connection with the Franchise Agreement, which shall remain in full force and effect in accordance with their terms. If
required by RE/MAX, New Owners agree to sign RE/MAX’s current form of Guaranty and Assumption of Obligations.

The parties hereto have executed this Amendment as of the Effective Date written above.

RE/MAX, LLC d/b/a FRANCHISEE

RE/MAX

By: By:
Name:
Region Vice President Title:

ORIGINAL OWNERS

Name

Name

NEW OWNERS

Name

Name

Amendment – Addition of Shareholders

(Same Entity)
March 2011
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