Current Period

One Period Prior

Two Periods Prior

Three Periods Prior

System Performance

Domestic

Open Stores at end of prior Quarterly Collection Period

Store Openings during Quarterly Collection Period

Store Transfers during Quarterly Collection Period

Permanent Store Closures during Quarterly Collection Period

Net Change in Open Stores during Quarterly Collection Period

Open Stores at end of Quarterly Collection Period

International

Open Stores at end of prior Quarterly Collection Period

Store Openings during Quarterly Collection Period

Permanent Store Closures during Quarterly Collection Period

Net Change in Open Stores during Quarterly Collection Period

Open Stores at end of Quarterly Collection Period

Same-Store Sales Growth for Quarterly Collection Period

Potential Events

i. Potential Rapid Amortization Event

ii. Potential Manager Termination Event

Cash Trapping

i. a. Partial Cash Trapping Period

b. Full Cash Trapping Period

ii. Series 2012-1 Cash Trapping Percentage during Quarterly Collection Period

iii. Series 2012-1 Cash Trapping Percentage following current Quarterly Payment Date

iv. Series 2012-1 Cash Trapping Percentage during prior Quarterly Collection Period

v. Series 2012-1 Partial Cash Trapping Release Event

vi. Series 2012-1 Full Cash Trapping Release Event

Occurrence Dates

i. Rapid Amortization Event

ii. Default

iii. Event of Default

iv. Manager Termination Event

Non-Amortization Test

i. Non-Amortization Period

Extension Periods

i. Series 2012-1 Class A-1 first renewal period

ii. Series 2012-1 Class A-1 second renewal period

Allocation of Funds

1. Outstanding Notes and Reserve Account Balances as of Prior Quarterly Payment Date:

i. Outstanding Principal Balances

a. Advances Under Series 2012-1 Class A-1 Notes

b. Series 2012-1 Class A-2 Notes

c. Senior Subordinated Notes

d. Subordinated Notes

ii. Reserve Account Balances

a. Available Senior Notes Interest Reserve Account Amount (1)

b. Available Senior Subordinated Notes Interest Reserve Account Amount

c. Available Cash Trap Reserve Account Amount (1)

2. Retained Collections for Current Quarterly Payment Date:

i. Franchisee Payments

a. Domestic Continuing Franchise Fees

b. International Continuing Franchise Fees

c. Initial Franchise Fees

d. Other Franchise Fees

e. PULSE Maintenance Fees

f. PULSE License Fees

g. Technology Fees

h. Franchisee Insurance Proceeds

i. Other Franchisee Payments

ii. Company-Owned Stores License Fees

iii. Third-Party License Fees

iv. Product Purchase Payments

v. Co-Issuers Insurance Proceeds

vi. Asset Disposition Proceeds

vii. Excluded Amounts

viii. Other Collections

ix. Investment Income

x. HoldCo L/C Agreement Fee Income

Less:

xiii. Excluded Amounts

a. Advertising Fees

b. Company-Owned Store Advertising Fees

c. Third-Party Matching Expenses

xiv. Product Purchase Payments

xiv. Bank Account Expenses

Plus:

xvi. Aggregate Weekly Distributor Profit Amount

xvii. Retained Collections Contributions

xviii. Total Retained Collections

3. Adjusted Net Cash Flow for Current Quarterly Payment Date:

i. Retained Collections for Quarterly Collection Period

Less:

ii. Servicing Fees, Liquidation Fees and Workout Fees

iii. Securitization Entities Operating Expenses paid during Quarterly Collection Period

iv. Weekly Manager Fee Amounts paid during Quarterly Collection Period

v. Manager Advances Reimbursement Amounts

vi. PULSE Maintenance Fees

vii. Technology Fees

viii. Administrative Expenses

vix. Investment Income

vx. Retained Collections Contributions, if applicable, received during Quarterly Collection Period

viii. Net Cash Flow for Quarterly Collection Period

ix. Net Cash Flow for Quarterly Collection Period / Number of Days in Quarterly Collection Period

x. Multiplied by 91 if 52 week fiscal year or 92.75 if 53 week fiscal year

xi. Adjusted Net Cash Flow for Quarterly Collection Period

4. Debt Service / Payments to Noteholders for Current Quarterly Payment Date:

i. Required Interest on Senior and Senior Subordinated Notes

Series 2012-1 Class A-1 Quarterly Interest

Series 2012-1 Class A-2 Quarterly Interest

Series 2012-1 Senior Subordinated Quarterly Interest

ii. Required Principal on Senior and Senior Subordinated Notes

Series 2012-1 Class A-2 Quarterly Scheduled Principal

Series 2012-1 Senior Subordinated Scheduled Principal

iii.Other

Series 2012-1 Class A-1 Quarterly Commitment Fees

iv. Total Debt Service

v. Other Payments to Noteholders Relating to Notes

Series 2012-1 Subordinated Quarterly Interest

Series 2012-1 Subordinated Quarterly Scheduled Principal

Series 2012-1 Class A-1 Quarterly Contingent Additional Interest

Series 2012-1 Class A-2 Quarterly Contingent Additional Interest

Senior Subordinated Quarterly Contingent Additional Interest

Subordinated Quarterly Contingent Additional Interest

5. Aggregate Weekly Allocations to Distribution Accounts for Current Quarterly Payment Date:

i. All available deposits in Series 2012-1 Class A-1 Distribution Account

ii. All available deposits in Series 2012-1 Class A-2 Distribution Account

iii. All available deposits in Senior Subordinated Distribution Account

iv. All available deposits in Subordinated Distribution Account

v. Total on Deposit in Distribution Accounts

6. Distributions for Current Quarterly Payment Date:

Series 2012-1 Class A-1 Distribution Account

i. Payment of interest and fees related to Series 2012-1 Class A-1 Notes

ii. Indemnification and Real Estate Disposition Proceeds Payments to reduce commitments under Series 2012-1 Class A-1 Notes

iii. Principal payments to Series 2012-1 Class A-1 Notes

iv. Payment of Series 2012-1 Class A-1 Notes Breakage Amounts

Series 2012-1 Class A-2 Distribution Account

i. Payment of interest related to Series 2012-1 Class A-2 Notes

ii. Indemnification and Real Estate Disposition Proceeds payments to Series 2012-1 Class A-2 Notes

iii. Principal payment to Series 2012-1 Class A-2 Notes

iv. Make-Whole Premium related to Series 2012-1 Class A-2 Notes

Senior Subordinated Distribution Account

i. Payment of interest related to Senior Subordinated Notes

ii. Indemnification and Real Estate Disposition Proceeds payments to Senior Subordinated Notes

iii. Principal payment to Senior Subordinated Notes

iv. Make-Whole Premium related to Senior Subordinated Notes

Subordinated Distribution Account

i. Payment of interest related to Subordinated Notes

ii. Indemnification and Real Estate Disposition Proceeds payments to Subordinated Notes

iii. Principal payment to Subordinated Notes

iv. Make-Whole Premium related to Subordinated Notes

Total Allocations from Distribution Accounts

7. Senior Notes Interest Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date:

i. Deposits into Senior Notes Interest Reserve Account during Quarterly Collection Period

ii. Less draws on / releases from Available Senior Notes Interest Reserve Account Amount

iii. Total Increase (Reduction) of Available Senior Notes Interest Reserve Account Amount

8. Senior Subordinated Notes Interest Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date:

i. Deposits into Senior Subordinated Notes Interest Reserve Account during Quarterly Collection Period

ii. Less draws on Available Senior Subordinated Notes Interest Reserve Account Amount

iii. Total Increase (Reduction) of Available Senior Subordinated Notes Interest Reserve Account Amount

9. Cash Trap Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date:

i. Deposits into Cash Trap Reserve Account during Quarterly Collection Period

ii. Less draws on Available Cash Trap Reserve Account Amount

iii. Less Cash Trapping Release Amount

iv. Total Increase (Reduction) of Available Cash Trap Reserve Account Amount

10. Real Estate Disposition Proceeds

i. Aggregate Real Estate Disposition Proceeds as of Prior Quarterly Payment Date

ii. Aggregate Real Estate Disposition Proceeds as of Current Quarterly Payment Date

11. Scheduled Principal Catch-Up Amounts

i. Series 2012-1 Class A-2 aggregate Scheduled Principal Catch-Up Amounts as of Prior Quarterly Payment Date

ii. Series 2012-1 Class A-2 aggregate Scheduled Principal Catch-Up Amounts as of Current Quarterly Payment Date

12. Outstanding Balances as of Current Quarterly Payment Date (after giving effect to payments to be made on such date):

i. Series 2012-1 Class A-1 Notes

ii. Series 2012-1 Class A-2 Notes

iii. Senior Subordinated Notes

iv. Subordinated Notes

v. Reserve account balances:

a. Available Senior Notes Interest Reserve Account Amount

b. Available Senior Subordinate Notes Interest Reserve Account Amount

c. Available Cash Trap Reserve Account Amount