What activities are specifically defined as 'Financing Activities' within the context of the Byrider Franchise Agreement?

According to the 2025 Byrider Franchise Disclosure Document, the 'Financing Activities' are defined as the CNAC financing and collection portion of the Byrider business. This encompasses the activities conducted by the Finance Entity as described in the Franchise Agreement.

Specifically, Byrider franchisees are required to engage in these Financing Activities in strict compliance with the Franchise Agreement. This means that the franchisee must adhere to the guidelines and regulations set forth by Byrider regarding how the financing and collection aspects of the business are to be managed.

The Franchise Agreement emphasizes that the Finance Entity's actions are directly linked to the franchisee's obligations. Any action or omission by either the Finance Entity or the franchisee is considered the responsibility of both parties. A breach of the Franchise Agreement by either party constitutes a breach of the entire agreement, making both jointly and severally liable. This arrangement underscores the importance of aligning the Finance Entity's operations with the franchisee's responsibilities under the Franchise Agreement.

Prospective franchisees should carefully review the Franchise Agreement to fully understand the scope and requirements of the Financing Activities, as well as the potential liabilities associated with the Finance Entity's operations. Understanding these obligations is crucial for ensuring compliance and mitigating risks within the Byrider franchise system.