Where in the Itan Area Development Agreement are territorial development and sales quotas addressed?

According to Itan's 2025 Franchise Disclosure Document, the Area Development Agreement (ADA) addresses territorial development and sales quotas in Section 4. This information is summarized in a table that cross-references various obligations with their corresponding sections in both the Franchise Agreement (FA) and the ADA. The table also indicates which item in the Disclosure Document provides further details on each obligation.

Specifically, the table indicates that while the Franchise Agreement does not address territorial development and sales quotas, the Area Development Agreement does cover this topic in Section 4. Item 12 of the Disclosure Document provides additional information regarding territorial development and sales quotas.

Prospective Itan area developers should carefully review Section 4 of the Area Development Agreement and Item 12 of the Franchise Disclosure Document to fully understand their obligations related to territorial development and sales quotas. This includes understanding the specific geographic territory granted, the required development schedule, and any sales targets that must be met to maintain their rights under the agreement. Understanding these requirements is crucial for assessing the feasibility and potential profitability of an Itan area development venture.