How is the term 'Affiliates' defined in the Hck Hot Chicken franchise agreement?

According to the 2025 Hck Hot Chicken Franchise Disclosure Document, the term "Affiliates" is defined within the context of an agreement, referencing Rule 144 under the Securities Act of 1933. This definition is used specifically within the agreement outlined in Exhibit I-6, which pertains to the Consent to Assignment, Termination of Rights, and General Release Agreement.

For a prospective Hck Hot Chicken franchisee, this means that the term "Affiliates," when it appears in this specific agreement, carries the same meaning as it does under the Securities Act of 1933, Rule 144. This rule provides a safe harbor under which certain security holders can sell their securities to the public without registering the securities with the SEC. The legal definition is technical, but generally it includes persons or entities that directly or indirectly control, are controlled by, or are under common control with the franchisor.

It is important for a franchisee to understand this definition because it could impact various aspects of their relationship with Hck Hot Chicken, particularly in situations involving the transfer of ownership or rights. Understanding who is considered an affiliate can help clarify the scope and implications of the agreement, especially concerning obligations, restrictions, and potential liabilities. Franchisees should consult with a legal professional to fully understand the implications of this definition and how it applies to their specific circumstances.