According to the 2025 Even Hotels Franchise Disclosure Document, Item 17 provides a table that summarizes certain important provisions of the License and related agreements. The FDD explicitly directs prospective franchisees to read the provisions in the agreements attached to the disclosure document, which can be found in Exhibit B. This indicates that Item 17 is a summary and not an exhaustive list of all provisions.

The table in Item 17 outlines key aspects of the license agreement, including the length of the license term, conditions for renewal or extension, termination rights for both the franchisee and Even Hotels (with and without cause), and obligations upon termination or non-renewal. It also covers transfer conditions, including Even Hotels's right to approve transfers and the associated conditions, such as a $25,000 processing fee required at least 60 days before any public offering or sale of securities.

Furthermore, the table addresses non-competition covenants, modifications to the license, integration/merger clauses, and dispute resolution mechanisms, including choice of forum and law. For instance, Georgia law applies and association with Holiday in Georgia permits suits to be filed there. The notes section clarifies specific termination scenarios, such as termination before the franchisee is authorized to use the system, which may result in a lump sum payment to Even Hotels based on potential revenues.

Given that Item 17 is presented as a summary, prospective Even Hotels franchisees should carefully review the full License and related agreements in Exhibit B to fully understand their rights and obligations. They should also seek legal counsel to interpret the implications of these provisions.