What does the Hawaiian Bros Island Grill agreement require the developer to do regarding Exhibit C?

According to the 2025 Hawaiian Bros Island Grill Franchise Disclosure Document, the developer must ensure that Exhibit C, along with all its attached documents and information, is complete, current, and accurate. Furthermore, the developer is obligated to furnish a current version of Exhibit C, including all associated documents and information, to Hawaiian Bros Island Grill within 10 days of any change and upon the company's request. This requirement ensures that Hawaiian Bros Island Grill has up-to-date information about the developer's business and financial status.

This requirement is crucial for maintaining transparency and accountability in the franchise relationship. Exhibit C likely contains important details about the developer's organization, financial health, and key personnel. By keeping this information current, the developer enables Hawaiian Bros Island Grill to assess the developer's ability to meet their obligations under the development agreement and to identify any potential risks or issues that may arise.

For a prospective Hawaiian Bros Island Grill developer, this means being prepared to regularly update and provide detailed information to the company. This includes promptly reporting any changes in the business structure, financial condition, or key personnel. Failure to comply with this requirement could potentially lead to a breach of the development agreement and potential termination of the developer's rights.