What is the purpose of the table showing 'Name', 'Ownership Interest in Franchisee', and 'Nature of Interest' for Belocal?

According to Belocal's 2025 Franchise Disclosure Document, the table with the headings 'Name', 'Ownership Interest in Franchisee', and 'Nature of Interest' appears in Item 23, which covers receipts. However, the provided excerpt does not contain any completed information within the table itself. The table is presented as a template with empty rows, and the document does not explain the table's purpose or how it should be filled out.

Without additional context, it is unclear what specific information Belocal intends to disclose using this table. Typically, such a table would be used to list the names of individuals or entities holding an ownership stake in the franchisee's business, specify the percentage of ownership each party holds, and describe the nature of their interest (e.g., owner, partner, shareholder). This information is essential for transparency and helps Belocal understand the franchisee's ownership structure.

Prospective Belocal franchisees should inquire with the franchisor about the purpose of this table and what information they will be required to provide. Understanding the ownership structure and disclosing it accurately is crucial for maintaining compliance with the franchise agreement and ensuring a transparent relationship with Belocal. Franchisees should also clarify when and how this information needs to be updated, such as in the event of changes in ownership or equity distribution.