What is the Auntie Annes SRU Addendum signed as of?

According to Auntie Anne's 2024 Franchise Disclosure Document, the Satellite Retail Unit (SRU) Addendum is signed as of a specific date. The agreement specifies that the addendum is made between Auntie Anne's Franchisor SPV LLC and the franchisee. The date itself is represented by a placeholder in the document, indicating that the actual date of signing will be filled in when the agreement is executed.

For a prospective Auntie Anne's franchisee, this means that the SRU Addendum, which amends the original Franchise Agreement to allow operation of a satellite retail unit, becomes effective as of the date it is formally signed. This date is crucial because it marks the point from which the terms and conditions outlined in the addendum, such as those pertaining to the operation of the SRU and the inclusion of SRU revenues in net sales calculations, come into effect.

The FDD excerpt indicates that the date is a critical element of the agreement, as it legally binds both parties to the terms outlined within the SRU Addendum. The placeholder suggests that this is a detail to be finalized during the signing process.

Therefore, a franchisee should pay close attention to this date when signing the SRU Addendum, as it signifies the commencement of their rights and responsibilities related to operating a satellite retail unit under the Auntie Anne's franchise.