What is Attachment D to the Big Air Trampoline Park Franchise Agreement?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
Multi-Unit Developer shall identify all equity owners of Multi-Unit Developer by completing the Statement of Shareholders/Members/Partners attached to this Agreement as Attachment D. Multi-Unit Developer shall provide Franchisor with an updated form of Attachment D within 10 business days of any change in the equity ownership of Multi-Unit Developer. The failure of Multi-Unit Developer to provide Franchisor with an updated Attachment D within the time frame specified in this Section 1.4 shall constitute a material default of this Agreement.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, Attachment D to the Multi-Unit Development Agreement is a Statement of Shareholders/Members/Partners. This attachment requires the Multi-Unit Developer to identify all equity owners of the company.
Big Air Trampoline Park requires the Multi-Unit Developer to contribute some amount of personal capital to the development of each Big Air Trampoline Facility and maintain at least a 51% equity interest in each facility developed. This ensures the developer has a significant stake in the success of each location.
The Multi-Unit Developer must provide Big Air Trampoline Park with an updated Attachment D within 10 business days of any change in the equity ownership of the Multi-Unit Developer. Failure to provide this updated form within the specified timeframe constitutes a material default of the agreement. This requirement allows Big Air Trampoline Park to keep track of who owns and controls the Multi-Unit Development company, which is important for maintaining accountability and ensuring compliance with the franchise agreement.