What agreement is included in Exhibit G for Casa De Corazon?
Casa_De_Corazon Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit G is a copy of the form Casa de Corazon Development Agreement, state specific addenda to the Development Agreement, if any, a Statement of Ownership and Management and form of a Guaranty to be signed by shareholders of a corporate developer, members of a limited liability company developer (and their spouses), or partners of a partnership developer (and their spouses), as a condition to your transfer of the Development Agreement to a corporation, limited liability company or partnership.
Source: Item 22 — CONTRACTS (FDD page 51)
What This Means (2025 FDD)
According to Casa De Corazon's 2025 Franchise Disclosure Document, Exhibit G includes the Casa De Corazon Development Agreement. This exhibit also contains any state-specific addenda to the Development Agreement.
In addition to the Development Agreement and its addenda, Exhibit G includes a Statement of Ownership and Management. This statement likely requires the developer to disclose information about the ownership structure and management personnel involved in the development project.
Finally, Exhibit G also contains a form of Guaranty. This guaranty must be signed by shareholders of a corporate developer, members of a limited liability company developer (along with their spouses), or partners of a partnership developer (and their spouses). This guaranty is required as a condition for transferring the Development Agreement to a corporation, limited liability company, or partnership, ensuring that individuals with a vested interest in the developing entity personally guarantee its obligations under the Development Agreement.