For Itan, what information is required for each person holding an equity interest in the Development Business or Developer Entity?

According to Itan's 2025 Franchise Disclosure Document, if the area developer is a business entity, each person holding a direct or indirect equity interest in the Development Business or Developer Entity, and the spouse of each such person who is a natural person, must sign a Franchise Owner Agreement concurrently with the execution of the Area Development Agreement. The following information is required in a table:

• Owner's Name
• % Equity Interest
• Direct or Indirect (if indirect, describe nature of interest)
• Notice Address
• Attention
• Email

This requirement ensures that all individuals with a financial stake in the development business are bound by the terms of the franchise agreement. This is a common practice in franchising to maintain control and ensure commitment from all parties involved in the business. By requiring this information, Itan aims to have a clear understanding of the ownership structure and ensure that all owners are aware of their obligations and responsibilities under the franchise agreement.

For a prospective Itan franchisee, this means that if you plan to operate the franchise through a business entity, you must disclose the identity and equity stake of all individuals with an ownership interest. This includes providing their names, the percentage of equity they hold, whether their interest is direct or indirect, their notice address, contact person, and email address. Additionally, the spouses of these individuals, if they are natural persons, must also sign the Franchise Owner Agreement. This requirement is in place to ensure that all parties with a financial interest in the franchise are fully aware of and committed to the terms and conditions of the franchise agreement.