If applicable, where is the State-Specific Addendum to the Fitstop FDD located?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT H: STATE-SPECIFIC ADDENDUM TO THE DISCLOSURE DOCUMENT
STATE ADDENDUM TO DISCLOSURE DOCUMENT
Notwithstanding anything to the contrary set forth in the Franchise Disclosure Document, the following provisions shall supersede and apply to all franchises offered and sold in the states identified below:
FOR THE STATE OF CALIFORNIA
Registration of this franchise does not constitute approval, recommendation, or endorsement by the Commissioner of the Department of Financial Protection and Innovation.
THE CALIFORNIA FRANCHISE INVESTMENT LAW REQUIRES THAT A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE SALE OF THE FRANCHISE BE DELIVERED TOGETHER WITH THE DISCLOSURE DOCUMENT.
The California Corporations Code, Section 31125, requires that we give you a disclosure document, approved by the Department of Business Oversight, prior to solicitation of a proposed material modification of your Franchise Agreement.
OUR WEBSITES HAVE NOT BEEN REVIEWED OR APPROVED BY THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION. ANY COMPLAINTS CONCERNING THE CONTENTS OF THIS WEBSITE MAY BE DIRECTED TO THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION AT www.dfpi.ca.gov.
Item 3 of the Disclosure Document is supplemented by the following:
- Neither the franchisor nor any person identified in Item 2 of the Disclosure Document is subject to any current effective order of any national securities association or national securities exchange as defined in the Securities Exchange Act of 1934, U.S.C.A., 78a et. seq., suspending or expelling such persons from membership in such association or exchange.
Item 5 of the Disclosure Document is supplemented by the following:
Source: Item 22 — CONTRACTS (FDD pages 49–50)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, Exhibit H contains the State-Specific Addendum to the Disclosure Document. The document includes a State Addendum that contains provisions that supersede the Franchise Disclosure Document for franchises offered and sold in specific states. As an example, the document provides an addendum for the state of California, including specific statements about franchise registration, required agreements, and website reviews by the California Department of Financial Protection and Innovation.
For California, the addendum supplements Item 3 regarding orders from national securities associations or exchanges and Item 5 of the Disclosure Document.
Prospective Fitstop franchisees should carefully review Exhibit H and any state-specific addenda to understand how the FDD and Franchise Agreement may be modified or supplemented based on the laws of their particular state. This is especially important for franchisees in states with franchise-specific regulations, such as California.