Can the payment address for the Aerus Secured Promissory Note be changed?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
ckey, President | | | Date of Execution: | | | FRANCHISEE: | | | , | | | a | | | By: | | | Name: | | | Date of Execution: | | | OPERATING PRINCIPAL: | | | , | | | | | | Individually as Operating Principal | | | Date of Execution: |
EXHIBIT 3
SECURED PROMISSORY NOTE, SECURITY AGREEMENT, GUARANTEE
SECURED PROMISSORY NOTE
| $ |
|---|
| As of, |
| Dallas, Texas |
| FOR VALUE RECEIVED, the undersigned,, a |
| ("Maker"), hereby [jointly, severally and] unconditionally promises to pay to the order of AERUS |
| FRANCHISING, LLC, a Delaware limited liability company ("Payee"), at 14841 Dallas Parkway, |
| Suite 500, Dallas, Texas 75254, or such other address as the holder hereof may, from time to time, |
| designate in writing, the principal sum of AND/100 DOLLARS |
| ($), in lawful money of the United States of America, together with interest on the |
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, the payment address for the Secured Promissory Note can be changed. The document states that payments are to be made to Aerus Franchising, LLC at 14841 Dallas Parkway, Suite 500, Dallas, Texas 75254, "or such other address as the holder hereof may, from time to time, designate in writing".
This means that Aerus has the right to change the payment address at any time, and they must provide written notice of the new address. As a prospective franchisee, it is important to stay informed of any changes to the payment address to ensure timely payments and avoid potential late fees or defaults on the note.
It is also important to note that the Secured Promissory Note is secured by a Security Agreement, and failure to make payments on time can result in the entire unpaid balance becoming immediately due and payable. Aerus can also foreclose on any liens and security interests securing the payment. Therefore, franchisees should maintain open communication with Aerus and promptly address any concerns regarding payment procedures or address changes.