Which exhibit in the Itan Franchise Disclosure Document contains other agreements related to the Itan franchise?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
of qualified wages paid to the employees during a quarter, capped at $10,000 of qualified wages per employee throughout the year. The Company qualified for the tax credit in the second quarter of 2020, and the second quarter of 2021, totaling an accrued benefit of $31,452 related to the ERC. The credit is included in other income on the Company's statement of earnings for the year ended December 31, 2022.
NOTE 13 SUBSEQUENT EVENTS
The Company has evaluated subsequent events through March 25, 2024, the date on which the financial statements were available to be issued. There were no material subsequent events which affected the amounts or disclosures in the financial statements.
EXHIBIT "H"
TO DISCLOSURE DOCUMENT
OTHER AGREEMENTS
EXHIBIT "H"-1
STATE ADDENDA
[See Attached]
STATE ADDENDA AND AMENDMENTS TO FRANCHISE AGREEMENT, SUPPLEMENTAL AGREEMENTS AND FRANCHISE DISCLOSURE DOCUMENT FOR CERTAIN STATES
BACKGROUND AND PURPOSE
The following modifications are made to the iTAN Franchise Disclosure Document ("FDD" or "Disclosure Document") issued by iTAN Franchising, Inc. ("we" or "us" or "franchisor") to franchisee ("you" or "franchisee") and may supersede certain portions of the Franchise Agreement between you and us dated _________________________, 202__ (the "Franchise Agreement"). When the term "Supplemental Agreements" is used, it means any area development agreement, area representative agreement, master franchise agreement, or similar agreement entered into between us and you, if applicable.
Certain states have laws governing the franchise relationship and franchise documents. Certain states require modifications to the FDD, Franchise Agreement, Supplemental Agreements and other documents related to the sale of a franchise. This State-Specific Addendum ("State Addendum") will modify these agreements to comply with the applicable state's laws.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to the 2025 Itan Franchise Disclosure Document, Exhibit H contains other agreements related to the Itan franchise. Specifically, Exhibit H-1 includes state addenda.
The document notes that certain states have laws governing the franchise relationship and franchise documents, requiring modifications to the FDD, Franchise Agreement, Supplemental Agreements, and other related documents. These modifications are included in a State-Specific Addendum.
This State Addendum applies only to California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin, and its terms will override any inconsistent provisions in the FDD, Franchise Agreement, or any Supplemental Documents, but only for the applicable state.
Prospective franchisees should carefully review Exhibit H and H-1 to understand any state-specific modifications that may apply to their franchise agreement, as these modifications can significantly impact their rights and obligations.