What agreement does the Development Incentive Program Addendum form an integral part of for Cicis?

According to Cicis's 2025 Franchise Disclosure Document, the Development Incentive Program Addendum forms an integral part of, and is incorporated into, the Development Agreement. This means that the addendum is designed to supplement and amend the existing Development Agreement between Cicis and the developer. The addendum and the Development Agreement together represent the complete understanding between the parties regarding the matters outlined in the addendum.

Specifically, the Development Incentive Program Addendum outlines the terms and conditions under which a developer can participate in Cicis's Development Incentive Program. This program offers incentives such as a waiver of the Development Fee and a reduction of the Initial Franchise Fee under Qualifying Franchise Agreements. However, these incentives are contingent upon the developer remaining in good standing and being approved to participate in the program, as determined by Cicis.

The addendum also specifies that as each Qualifying Franchise Agreement is executed, both Cicis and the developer (or their affiliate) will also execute an amendment to the agreement, using the form attached as Attachment A. This ensures that the incentives and conditions of the Development Incentive Program are properly integrated into each individual franchise agreement executed under the broader Development Agreement.

In practical terms, this means that prospective Cicis developers should carefully review both the Development Agreement and the Development Incentive Program Addendum to fully understand their rights and obligations. They should also be aware that Cicis retains the discretion to determine whether a developer is in good standing and to revoke participation in the program, which could result in the loss of the offered incentives.