Is the SBA Addendum to Franchise Agreement for Budget attached as Exhibit H-1?

Yes, according to Budget's 2025 Franchise Disclosure Document, the SBA Addendum to Franchise Agreement is attached as Exhibit H-1. Item 23 lists the exhibits included in the disclosure document, and Exhibit H-1 is specifically identified as the SBA Addendum. Furthermore, Item 10 states that if a franchisee obtains financing through the SBA, they must sign the SBA Addendum to Franchise Agreement, attached as Exhibit H-1. Item 22 also confirms that the SBA Addendum is included as Exhibit H-1.

This means that prospective Budget franchisees who seek financing through the Small Business Administration (SBA) will be required to sign an additional agreement, the SBA Addendum, as part of their franchise agreement. This addendum likely contains terms and conditions specific to SBA-backed loans, ensuring compliance with SBA requirements.

Franchisees should carefully review Exhibit H-1, the SBA Addendum, along with the main Budget Rent A Car System License Agreement (Exhibit H) to understand all their obligations and rights. Understanding the terms of the SBA Addendum is crucial for franchisees utilizing SBA financing to ensure they meet all requirements and avoid potential issues with their loan and franchise agreement.