What exhibit in the Byrider FDD contains the receipts that the prospective franchisee must sign?

According to Byrider's 2025 Franchise Disclosure Document, Exhibit M contains the receipts that a prospective franchisee must sign to acknowledge their receipt of the FDD. This is explicitly stated in Item 23, which focuses on receipts related to the FDD. Byrider requires franchisees to sign a copy of the receipt, date it, and return it by mail to Byrider Franchising Partners, LLC in Carmel, Indiana. This receipt serves as confirmation that the franchisee received the FDD, which is a crucial step in ensuring compliance with franchise regulations.

The FDD emphasizes the importance of providing the Disclosure Document to prospective franchisees within specific timeframes before they sign any binding agreements or make payments. For instance, federal law mandates a 14-day period, while Iowa, Michigan, and New York have their own specific requirements. These receipts are critical for Byrider to demonstrate that they have met these legal obligations.

Furthermore, the FDD highlights the franchisee's acknowledgment of having the opportunity to review the FDD and seek professional advice. By signing the receipt, the franchisee confirms they are aware of the business risks associated with purchasing a Byrider franchise and that their decision is not based on any oral representations or guarantees not included in the FDD. This helps protect both the franchisee and Byrider by ensuring transparency and informed decision-making.