In what currency must the principal sum be paid to Aerus under the Secured Promissory Note?

According to Aerus's 2025 Franchise Disclosure Document, the principal sum under the Secured Promissory Note must be paid in lawful money of the United States of America. The document specifies that the Maker unconditionally promises to pay to Aerus Franchising, LLC the principal sum in lawful U.S. money. This detail is crucial for prospective franchisees as it clearly defines the currency used for all transactions related to the promissory note.

This requirement ensures that all financial obligations are standardized and legally enforceable within the U.S. financial system. Franchisees need to be aware of this condition to avoid any potential complications arising from currency exchange issues or disputes over payment methods. The specification of U.S. dollars as the currency also aligns with standard business practices in the United States, providing a transparent and predictable framework for financial transactions between Aerus and its franchisees.

Furthermore, the agreement stipulates that any interest accrued on the unpaid principal balance will also be calculated and payable in U.S. dollars. This consistency in currency ensures clarity and simplifies the accounting and reconciliation processes for both the franchisee and Aerus. Franchisees should ensure they have the means to make payments in U.S. currency to comply with the terms of the Secured Promissory Note.