What agreements are included as part of Exhibit B for the Even Hotels license offering?

According to Even Hotels's 2025 Franchise Disclosure Document, Exhibit B includes the EVEN® Hotels License Agreement, Guaranty of License Agreement, and State Addenda. This means that prospective Even Hotels franchisees will find these specific documents within Exhibit B of the FDD.

The EVEN® Hotels License Agreement outlines the core terms and conditions of the franchise relationship, detailing the rights and responsibilities of both Even Hotels as the franchisor and the franchisee. The Guaranty of License Agreement is a legal instrument where a third party (often a principal of the franchisee entity) guarantees the franchisee's obligations under the License Agreement. This provides Even Hotels with an additional layer of security, ensuring that there is recourse even if the franchisee entity defaults.

The State Addenda are state-specific modifications or additions to the License Agreement. These addenda address any specific legal or regulatory requirements that vary from state to state. Franchise agreements often need to be adapted to comply with local laws, and these addenda ensure that the Even Hotels franchise agreement is enforceable in each specific jurisdiction. Prospective franchisees should carefully review these addenda to understand any state-specific obligations or requirements that apply to their franchise.