According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the Franchise Deposit Acknowledgment and Amendment is included as Exhibit K. This document is a standard part of the franchising process, ensuring that both the prospective franchisee and Healthsource Chiropractic understand the terms and conditions related to the deposit.

Specifically, the Franchise Deposit Acknowledgment outlines the terms related to the deposit, including how it will be applied towards the initial franchise fee if a Franchise Agreement is signed. It also clarifies that the deposit is earned by Healthsource Chiropractic upon submission of the Acknowledgment for services such as processing the application, reserving the protected territory, providing initial training, and disclosing confidential information. This means that even if a Franchise Agreement is not ultimately signed, Healthsource Chiropractic retains the deposit for these services.

The document also states that if a Franchise Agreement is not signed or the remaining portion of the Initial Franchise Fee is not paid by the specified Deadline Date, the prospective franchisee will not have the right to operate a Healthsource Chiropractic franchise or use Healthsource's intellectual property. Furthermore, Healthsource Chiropractic reserves the right to grant the protected territory to another party. The acknowledgment explicitly states that accepting the deposit does not grant any rights to operate a Healthsource Chiropractic clinic until a Franchise Agreement is duly executed by both parties.

Finally, the Franchise Deposit Acknowledgement also addresses the non-disclosure of confidential information. It states that after submitting the deposit, Healthsource Chiropractic may disclose confidential and proprietary information to the prospective franchisee. The franchisee acknowledges that Healthsource Chiropractic owns this information and agrees to maintain its confidentiality, use it only for operating a Healthsource Chiropractic franchise, and return all materials containing the information upon request, even if a Franchise Agreement is not entered into.