Does the 1-800-GOT-JUNK? General Security Agreement specify any requirements for the Debtor to notify the Secured Party of any change in control of the Debtor?

The 2025 Franchise Disclosure Document does not contain specific requirements in the provided excerpts regarding the Debtor's obligation to notify the Secured Party (1-800-GOT-JUNK?) of any change in control within the General Security Agreement. While the document includes the General Security Agreement as Exhibit G and outlines the agreement's purpose, obligations, and security interests, it does not explicitly state whether the Debtor must notify 1-800-GOT-JUNK? of changes in control.

However, the Franchise Agreement included as Exhibit B does address transfer of interest in corporate franchisee in section 20.3, stating that the franchisee must provide complete and accurate names, mailing addresses, and legal ownership information in Schedule D. Additionally, section 20.2 requires a legend on share certificates indicating that the shares are subject to a franchise agreement with 1-800-GOT-JUNK? LLC and that transfer of such securities is restricted by the franchise agreement.

To fully understand the franchisee's obligations, prospective franchisees should review the complete General Security Agreement (Exhibit G) within the FDD and consult with 1-800-GOT-JUNK? directly to clarify whether there are any implicit or explicit requirements to report changes in control. It would also be prudent to inquire whether a failure to report such changes would constitute a breach of the agreement.