What exhibits are attached to the Del Taco Franchise Sublease agreement?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
Seller is the owner of the Del Taco restaurant businesses identified in Schedule 1 attached hereto and incorporated herein by this reference (sometimes collectively referred to herein as the "Location(s)"). Buyers desire to become franchisee for each of the Locations under Franchise Agreements with Seller (or an affiliated entity) and tenant under Subleases with Seller for each of the Locations.
This Agreement sets forth the terms upon which: (i) Seller will sell and Buyer will purchase all of the assets of the businesses operated at the Locations, except as specifically excluded herein; and (ii) Seller (or an affiliated entity, as appropriate) and Buyers will enter into a Franchise Agreement and a Subease for each of the Locations, as described herein.
Source: Item 23 — RECEIPTS (FDD pages 59–325)
What This Means (2025 FDD)
Based on the 2025 Del Taco Franchise Disclosure Document, Schedule 1 is attached to and incorporated by reference into the agreement. This schedule identifies the Del Taco restaurant businesses owned by the Seller, which are sometimes collectively referred to as the "Location(s)." The agreement outlines the terms upon which the Seller will sell, and the Buyer will purchase, the assets of the businesses operated at these Locations. It also details how the Seller and Buyers will enter into a Franchise Agreement and a Sublease for each of the Locations.
This means that prospective Del Taco franchisees should pay close attention to Schedule 1, as it specifically lists the locations included in the asset purchase. Understanding which locations are part of the deal is crucial for assessing the value and potential of the franchise opportunity.
It is important for the Buyer to review this schedule carefully to ensure that all locations they expect to acquire are accurately listed. Any discrepancies or omissions should be addressed with the Seller and Del Taco before finalizing the agreement. This ensures clarity and avoids potential disputes regarding the scope of the asset purchase and franchise rights.