What is the purpose of the Beggars Pizza Franchise Agreement Renewal Addendum?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
ceipt or rejected delivery.
IN WITNESS WHEREOF, each of the undersigned Guarantors has executed this Guarantee as of the date of the Franchise Agreement.
GUARANTOR:
individually individually individually individually
EXHIBIT J
RENEWAL ADDENDUM
BEGGARS PIZZA FRANCHISE, LLC FRANCHISE AGREEMENT RENEWAL ADDENDUM
| This BEGGARS PIZZA FRANCHISE, LLC FRANCHISE AGREEMENT RENEWAL | ||
|---|---|---|
| ADDENDUM (the "Addendum") is made and entered into on, 20, by and between Beggars Pizza Franchise, LLC, formerly known as Beggars Pizza Franchise Corporation, an Illinois corporation located at 12949 South California Avenue, Blue Island, | ||
| Illinois 60406 ("Franchisor"); and | , a | |
| located at | WITNESSETH: | ("Franchisee"). WHEREAS, Franchisee currently operates a Beggars Pizza® restaurant located at: |
| Franchisee dated | , 20 | (the "Restaurant") pursuant to a prior franchise agreement entered into between Franchisor and (the "Prior Agreement"); |
| Franchise, LLC Franchise Agreement dated Agreement; and | WHEREAS, Franchisor and Franchisee have entered into that certain Beggars Pizza , 20 (the "Franchise Agreement") for the purpose of renewing Franchisee's rights granted under the Prior | |
| Agreement as set forth herein. | WHEREAS, Franchisor and Franchisee desire to amend the terms of the Franchise | |
| hereby acknowledged, the parties, intending to be legally bound, agree as follows: | NOW, THEREFORE, in consideration of the terms and conditions hereinafter set forth, and other good and valuable consideration, the receipt, adequacy and sufficiency of which are | |
| 1. | The fifth WHEREAS clause on Page 1 of the Franchise Agreement is hereby | |
| deleted in its entirety and replaced with the following language: | ||
| restaurant; | WHEREAS, Franchisee has operated a Beggars Pizza® restaurant under Franchisor's System and Proprietary Marks under a franchise agreement, and wishes to enter into a renewal franchise agreement with Franchisor to continue to operate such | |
| 2. | Section 1.2 of the Franchise Agreement is hereby deleted in its entirety and | |
| replaced with the following: | ||
| 1.2 not relocate the | Restaurant without Franchisor may withhold approval of relocation in its sole discretion. | Approved Location. Franchisee will operate the Restaurant only at the location identified in Exhibit A (the "Approved Location"). Franchisee will Franchisor's prior written approval. |
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- Section 2.2 of the Franchise Agreement is hereby deleted in its entirety. Franchisee agrees and acknowledges that Franchisee has no right to further renew the Franchise Agreement after the term of the Franchise Agreement.
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- Section 3.1, Section 3.3, and Section 3.4 of the Franchise Agreement are hereby deleted in their entirety.
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- Section 4.1 of the Franchise Agreement is hereby deleted in its entirety and replaced with the following:
- 4.1 Renewal Fee. In consideration of the renewal franchise rights granted herein, Franchisee will pay a renewal fee to Franchisor of ($ ) upon execut
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, the Franchise Agreement Renewal Addendum serves to renew a franchisee's rights to operate a Beggars Pizza restaurant under the existing franchise agreement. The addendum is made between Beggars Pizza Franchise, LLC and the franchisee to amend the terms of the existing Franchise Agreement for the purpose of renewing the franchisee's rights. This allows the franchisee to continue operating their Beggars Pizza restaurant under the franchisor's system and proprietary marks.
The addendum modifies specific sections of the original franchise agreement. For example, it replaces the fifth WHEREAS clause on Page 1 of the Franchise Agreement, emphasizing the franchisee's desire to continue operating the restaurant under a renewal agreement. It also deletes and replaces Section 1.2 of the Franchise Agreement, concerning the approved location of the restaurant, and states that the franchisee will operate only at the location identified in Exhibit A and requires franchisor approval for any relocation.
Furthermore, the Renewal Addendum includes modifications to other sections of the Franchise Agreement, such as deleting sections related to renewal rights, specific obligations, and training programs. It also addresses the renewal fee, stating that the franchisee will pay a renewal fee to the franchisor upon execution of the agreement, which is fully earned and non-refundable. These modifications collectively ensure that the renewed franchise agreement reflects the current terms and conditions under which the franchisee will continue to operate their Beggars Pizza restaurant.