factual

What is the significance of Exhibit I in the Buildingstars Franchise Disclosure Document?

Buildingstars Franchise · 2025 FDD

Answer from 2025 FDD Document

as Exhibit H are unaudited financial statements if required by law.

EXHIBIT H

UNAUDITED FINANCIAL STATEMENTS

THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED HIS/HER OPINION WITH REGARD TO THE CONTENT OR FORM

NONE

EXHIBIT I LIST OF STATE AGENCIES/AGENTS FOR SERVICE OF PROCESS

ILLINOIS

Franchise Division Office of Attorney General 500 South Second Street Springfield, Illinois 62706 (217) 782-4465

INDIANA

Indiana Secretary of State Securities Division 302 West Washington Street Room E-111 Indianapolis, IN 46204 (317) 232-6681

NEW YORK

New York State Department of Law Investor Protection Bureau 28 Liberty Street, 21st Floor New York, NY 10005 (212) 416-8000

State Effective Dates

The following states require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration**:** California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)

What This Means (2025 FDD)

According to Buildingstars's 2025 Franchise Disclosure Document, Exhibit I provides a list of state agencies or agents designated to receive service of process. This is crucial for legal and regulatory compliance, as it identifies the specific entities in each state that are authorized to accept legal notices on behalf of Buildingstars. The document specifically lists the Franchise Division Office of Attorney General for Illinois, the Indiana Secretary of State Securities Division for Indiana, and the New York State Department of Law Investor Protection Bureau for New York, along with their addresses and phone numbers.

For a prospective Buildingstars franchisee, Exhibit I serves as an important resource in case any legal issues arise. It ensures that they know where to report violations of federal and state law, such as the failure to deliver the Franchise Disclosure Document on time, or if it contains false, misleading statements, or material omissions. This exhibit also lists states that require the Franchise Disclosure Document to be registered or filed, including California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin.

Furthermore, the FDD indicates that the document's effective dates for Illinois, Indiana, and New York are currently pending. This means that while Buildingstars intends to offer franchises in these states, the registration or filing process is not yet complete as of the issuance date of the FDD. Prospective franchisees in these states should confirm with Buildingstars that the FDD has been fully approved before proceeding with any agreements or payments. This information is vital for ensuring compliance with franchise laws and protecting the franchisee's legal rights.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.