Does the Aunt Millies Bakeries FDD include Exhibit D, which is a Bill of Sale?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit A - State Regulators; Agents for Service | |
|---|---|
| of Process | |
| Exhibit B-Financing Documents from First Capital | |
| Acceptance Corp. | |
| (1)(a) | Promissory Note |
| (b) | Disbursement Authorization |
| (2) | Financing Security Agreement |
| (3) | UCC-1 (Representative Sample) |
| (4) | Purchase of Receivables |
| Exhibit C - Form of Distribution Agreement | |
| Exhibit D - Bill of Sale |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to the 2025 Aunt Millies Bakeries FDD, Exhibit D is indeed a Bill of Sale. Specifically, it is titled "Exhibit D - Bill of Sale" under Item 23, which discusses receipts.
The Bill of Sale outlines the transfer of assets from Perfection Bakeries, Inc., d/b/a Aunt Millie's, to the distributor. These assets include distribution rights, customer data, and customer lists related to those distribution rights. The document specifies that Aunt Millie's represents and warrants that it has the sole ownership and marketable title to these assets, conveying them to the distributor free of any encumbrances.
Furthermore, the Distribution Agreement is subject to and affected by the terms and conditions of the Bill of Sale, which is incorporated by reference into the agreement. This means that the Bill of Sale is an integral part of the overall agreement between Aunt Millies Bakeries and its distributors, defining the transfer of key assets necessary for the distributor to operate within their designated territory.