What agreement are the parties entering into concurrently with the execution of this Itan addendum?

According to Itan's 2025 Franchise Disclosure Document, when executing the Conversion Addendum, the parties are also entering into an iTan Franchise Agreement. This agreement grants the franchisee the right and obligation to convert their current business into an Itan salon. The Itan salon must operate according to Itan's system, offering tanning, beauty, and wellness services, such as FIT Bodywrap, aqua massage, teeth whitening, salt therapy, and photo light therapy. The salon will also sell related retail items under Itan's trademarks.

This simultaneous execution of the addendum and the franchise agreement is specifically for franchisees who are converting an existing business into an Itan franchise. The Conversion Addendum modifies the standard Franchise Agreement to account for the unique circumstances of a conversion, such as the existing location and potentially some existing equipment or customer base. This process allows existing business owners to rebrand and operate under the Itan system.

It is important for prospective franchisees to carefully review both the Franchise Agreement and the Conversion Addendum to understand their obligations and the specific modifications made to the standard agreement. Understanding the terms of both agreements is crucial for a successful conversion and ongoing operation of the Itan franchise.