What is the purpose of the Deposit Agreement included as Exhibit C in the Anago FDD?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
The following contracts, agreements and other relevant documents are attached as Exhibits to this Disclosure Document:
EXHIBIT A - ANAGO SUBFRANCHISE RIGHTS AGREEMENT
EXHIBIT C - DEPOSIT AGREEMENT
EXHIBIT D - NBDS LICENSE AGREEMENT
EXHIBIT H - STATE RIDERS
EXHIBIT I - ACKNOWLEDGEMENT OF RECEIPT
Source: Item 22 — CONTRACTS (FDD page 62)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, Exhibit C is the Deposit Agreement. Item 22 of the FDD lists the contracts, agreements, and other relevant documents attached as exhibits, and Exhibit C is explicitly identified as the Deposit Agreement. Item 23 confirms that the FDD includes several exhibits, including the Deposit Agreement listed as Exhibit C.
However, the provided excerpts do not describe the specific purpose, terms, or conditions of the Deposit Agreement. The excerpts confirm its existence as part of the FDD but do not elaborate on its function or contents.
A prospective Anago franchisee should carefully review Exhibit C within the FDD to understand the details of the Deposit Agreement. If the FDD does not fully clarify the agreement's purpose, the franchisee should ask Anago for a detailed explanation, including the conditions for refundability, application of the deposit towards franchise fees, and any other obligations associated with the deposit.