For Itan, where can I find the minimum development obligations specified in the agreement?

According to Itan's 2025 Franchise Disclosure Document, the minimum development obligations are specified in Section 4 of the Area Development Agreement. Attachment A to the Area Development Agreement also mentions that the developer must comply with the minimum development obligations as specified in Section 4 of the agreement. Section 4.1 further clarifies that the developer must develop, open, and operate all Required Salons listed in the Development Schedule in strict compliance with the opening dates set forth in the Development Schedule.

This means that as an Itan area developer, you are legally bound to meet the development schedule outlined in the agreement. Failing to meet these obligations could result in a breach of contract. The opening date listed in the Development Schedule for a given Required Salon may be earlier than the opening date required under the terms of the associated Franchise Agreement.

It is also highlighted that the developer represents having conducted an independent investigation and analysis of the prospects for development of the Required Salons in the Development Territory, approving the Development Schedule as reasonable and viable, and recognizing that a breach of the Development Schedule is a material breach of the agreement.

Furthermore, if a Force Majeure event occurs that directly prevents the developer from opening a Required Salon on or prior to the required opening date set forth in the Development Schedule, the opening date may be extended in accordance with §13.5 for a reasonable period, not exceeding 180 days, depending on the nature of the event.