If Even Hotels elects to use HP financing, what agreement must they enter into?

According to Even Hotels' 2025 Franchise Disclosure Document, if a franchisee elects to use HP financing, they must enter into a product financing agreement with Hewlett-Packard Financial Services Company and its subsidiaries and affiliates (HPFS). This agreement will be substantially in the form of the agreement used by HPFS, or a corresponding form used outside of the United States, referred to as the "Financing Agreement."

The Financing Agreement outlines the payment schedule that the Even Hotels franchisee must adhere to. HPFS will invoice the franchisee, and the franchisee is obligated to make payments according to the schedule detailed in the Financing Agreement. This arrangement ensures that HPFS is directly responsible for billing and collecting payments related to the financed products and services.

It's important to note that the Financing Agreement does not take effect until the installation and acceptance of the products and services are completed. Furthermore, if the Joinder Agreement is terminated before the Financing Agreement takes effect, the Financing Agreement becomes null and void. Once the products and services are accepted and the Financing Agreement is in effect, it becomes an independent agreement between the Even Hotels franchisee and HPFS, unaffected by any termination of the overarching Agreement or Joinder Agreement. This provides clarity and security for both the franchisee and HPFS regarding their respective obligations.