What is the name of the Veteran's Incentive Program Addendum for Cicis?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
d as described in Section 4.C without regard to this paragraph.
- Construction; Execution. This Addendum forms an integral part of and is incorporated into the Franchise Agreement and represents the sole agreement between the Parties with respect to the matters set forth herein. Except as set forth herein, the Franchise Agreement remains in full force and effect. This Addendum may be executed in counterparts which, taken together, constitute a single document. Electronic execution is authorized, and photocopies of the Addendum and signatures hereto have the same force and effect as originals.
Thus executed on the dates shown below and made effective as of the Effective Date.
ON SMILE LLC, a Delaware limited liability company [Name] EXHIBIT D-2 VETERAN'S INCENTIVE PROGRAM ADDENDUM
(Area Development Agreement)
VETERAN'S INCENTIVE PROGRAM ADDENDUM
(Area Development Agreement)
On Smile LLC ("we") and the "Developer" identified below ("you" and, together with us, the "Parties") execute this Veteran's Incentive Program Addendum (the "Addendum") to supplement and amend that certain Area Development Agreement they have executed immediately prior to the execution of this Addendum (as it might have otherwise been amended, the "Development Agreement"). The "Effective Date" of this Addendum is the Effective Date of the Development Agreement. Capitalized terms used but not defined in this Addendum have the meanings given them in the Development Agreement. For valuable consideration, receipt and sufficiency of which are acknowledged, the Parties agree as follows:
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- Representations Regarding Veteran Status. You have asked to participate in our Veterans Incentive Program (the "Program") and, in support of your request, have provided us with information, whether as part of the Application Materials or separately (the "Supporting Information"), to confirm your qualifications to participate in the Program. You represent and warrant to us that the Supporting Information is true and correct and that you satisfy all of our requirements for participation in the Program. In reliance on the foregoing, we approve your participation in the Program with respect to Franchise Agreements that you or your affiliates execute pursuant to the Development Agreement from and after the Effective Date of this Addendum (the "Qualifying Franchise Agreements"). You must promptly notify us, in writing, if any of the Supporting Information changes or ceases to be true and correct. We may revoke your participation in the Program if, at any time, we determine that you no longer qualify for participation.
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- Waiver of Development Fee. While you are approved to participate in the Program and remain in good standing, we hereby waive your obligation to pay us a Development Fee under the Development Agreement and an Initial Franchise Fee under the Qualifying Franchise Agreements. We reserve the right to revoke the waivers at any time you are either no longer approved to participate in the Program or cease to be in good standing, in which case, you will pay us the Development Fee and Initial Franchise Fees which, absent the waivers, are required under the Development Agreement and Qualifying Franchise Agreements, as applicable. "Good Standing" means that you and your affiliates, as applicable, are in compliance with all material obligations under the Development Agreement and all Franchise Agreements between us and you or them, whether or not executed pursuant to the Development Agreement. You agree that we will have sole discretion to determine whether particular obligations are "material" for purposes of determining good standing, and our decision will be final.
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- Amendment of Qualifying Franchise Agreements. As long as you are approved to participate in the Program (as we determine in our sole discretion), as each Qualifying Franchise Agreement is executed, we and you or your affiliate executing the agreement will also execute an amendment to the agreement in the form attached as Attachment A hereto.
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- Construction; Execution. This Addendum forms an integral part of and is incorporated into the Development Agreement and represents the sole agreement between the Parties with respect to the matters set forth herein. Except as supplemented and amended herein, the Development Agreement remains in full force and effect. This Addendum may be executed in several counterparts which, taken together, constitute a single document. Electronic execution of this Addendum is authorized, and photopies of the Addendum and the signatures hereto have the same force and effect as originals.
Thus executed on the dates shown below and made effective as of the Effective Date.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, there are two versions of the Veteran's Incentive Program Addendum. One version is for the Area Development Agreement, and the other is for the Franchise Agreement. Both addendums are named "VETERAN'S INCENTIVE PROGRAM ADDENDUM."
The Veteran's Incentive Program Addendum for the Area Development Agreement is executed between On Smile LLC and the Developer to supplement and amend the Area Development Agreement. The addendum references a "Program" where the veteran has provided information to confirm their qualifications. If approved, On Smile LLC may waive the Development Fee under the Development Agreement and the Initial Franchise Fee under the Qualifying Franchise Agreements.
The Veteran's Incentive Program Addendum for the Franchise Agreement is executed between On Smile LLC and the Franchisee to supplement and amend the Franchise Agreement. The addendum also references a "Program" where the veteran has provided information to confirm their qualifications. If approved and in good standing, On Smile LLC may waive the Initial Franchise Fee. However, On Smile LLC reserves the right to revoke the waiver if the franchisee is no longer approved for the program or ceases to be in good standing, at which point the franchisee will be required to pay the full Initial Franchise Fee.