What is the description of Exhibit No. G-1 related to Budget?

According to Budget's 2025 Franchise Disclosure Document, Exhibit G contains the audited consolidated balance sheets of Avis Budget Group, Inc. as of December 31, 2024 and 2023, along with the related consolidated statements of operations, stockholders' equity, comprehensive income, and cash flows for the years ended December 31, 2024, 2023, and 2022. The exhibit also includes related notes of Avis Budget Group, Inc. and the instrument of guaranty by Avis Budget Group, Inc., which guarantees Budget's obligations under the Budget License Agreements. State-specific guarantees of performance are filed with the appropriate agencies in states where Budget's licenses are registered to be offered and sold.

In practical terms, this means that prospective Budget franchisees can review the financial statements of Avis Budget Group, Inc. to assess the financial health and stability of the parent company. Since Avis Budget Group, Inc. guarantees Budget's obligations, its financial strength is directly relevant to the security of the franchise agreement.

Exhibit G provides crucial information for potential Budget franchisees to evaluate the financial stability of the franchisor and its parent company. Reviewing these statements and understanding the guarantees in place is a key part of due diligence before investing in a Budget franchise.