What section of the Floyds 99 Development Agreement does the second addition modify?

According to the 2025 Floyds 99 Franchise Disclosure Document, the second addition modifies Section 9.5 of the Development Agreement. Specifically, it adds a statement at the end of Section 9.5 clarifying franchisees' rights under Minnesota law regarding termination and non-renewal. It states that Minnesota law provides the Franchisee with certain termination and non-renewal rights.

This addition specifies that, except in certain cases, Minnesota Statutes require that the franchisee be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice for non-renewal of the agreement. This ensures that Floyds 99 franchisees in Minnesota are aware of their statutory rights, which supersede any conflicting terms in the standard Development Agreement.

For a prospective Floyds 99 franchisee in Minnesota, this modification provides additional protection and clarity regarding the termination and non-renewal terms of their franchise agreement, as defined by Minnesota law. It ensures they receive adequate notice and opportunity to address any issues before termination or non-renewal, aligning the agreement with state regulations.