What is the purpose of Exhibit A in the Golden Corral FDD?
Golden_Corral Franchise · 2025 FDDAnswer from 2025 FDD Document
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EXHIBIT E
PERSONAL COMPUTER BACKOFFICE HARDWARE AND SUPPORT SERVICES AGREEMENT
Backoffice Personal Computer, Network Connectivity, Cyber Security Support Services
5400 Trinity Road, Suite 309 Raleigh, NC 27607 (919) 881-4514 Fax: (919) 881-5226
PERSONAL COMPUTER BACKOFFICE HARDWARE and SUPPORT SERVICES AGREEMENT FOR GOLDEN CORRAL® RESTAURANT FRANCHISE LOCATIONS
This Agreement is made between Golden Corral Corporation ("GCC") and the undersigned Golden Corral® restaurant franchisee ("User"). This Agreement is effective as of the date signed by User (the "Effective Date") and with respect to each of the franchised Golden Corral® restaurant locations (the "Covered Locations") set forth in Schedule "1" attached or on any Addendum to Schedule "1" executed during the term of this Agreement.
- 1. Definitions. As used in this Agreement, the following definitions shall apply:
- (a) "Software" shall mean the computer program(s), in object form, licensed to User by GCC (as a part of an enterprise license owned by GCC) listed on the attached Exhibit "A" and for use solely in connection with the operation of a Golden Corral® restaurant at each Covered Location.
- (b) "Designated Equipment" shall mean only the central processing unit and associated equipment purchased by User from Coastal Equipment Company, a division of GCC, for use in a Covered Location, as more fully designated on Exhibit "A".
Source: Item 23 — RECEIPTS (FDD pages 85–304)
What This Means (2025 FDD)
According to Golden Corral's 2025 Franchise Disclosure Document, Exhibit A serves different purposes depending on the context. In the Personal Computer Backoffice Hardware and Support Services Agreement, Exhibit A lists the software licensed to the user by GCC (Golden Corral Corporation) and the designated equipment purchased from Coastal Equipment Company for use in a Golden Corral restaurant. In the context of the Sale of Equipment agreement, Exhibit A lists the equipment being purchased by the buyer from the seller, along with the applicable sales or similar taxes due.
For a prospective Golden Corral franchisee, this means that Exhibit A is a key document for understanding the specific software and hardware requirements for operating a franchise, as well as the costs associated with purchasing the necessary equipment. The franchisee should carefully review Exhibit A in both agreements to ensure they understand the technology and equipment they are responsible for and the associated financial obligations.
It is important to note that the Purchase Price for equipment listed in Exhibit A is subject to adjustments based on vendor price increases, agreed-upon changes to the equipment, or changes to the Golden Corral concept or architectural drawings. This means the final purchase price may differ from the initial estimate, and the franchisee should be prepared for potential cost fluctuations. Franchisees should clarify with Golden Corral the process for communicating and approving any changes to Exhibit A and how these changes will impact the final purchase price.