During the ten-year period before the Learningrx Disclosure Document date, were any principal officers of Learningrx a principal officer of a company that filed as a debtor under the U.S. Bankruptcy Code during or within one year after holding that position?

According to Learningrx's 2025 Franchise Disclosure Document, neither Learningrx, its affiliates, predecessors, nor officers, during the ten-year period before the disclosure document's date, have (a) filed as debtor (or had filed against it) a petition to start an action under the U.S. Bankruptcy Code; (b) obtained a discharge of its debts under the bankruptcy code; or (c) been a principal officer of a company or a general partner in a partnership that either filed as a debtor (or had filed against it) a petition to start an action under the U.S. Bankruptcy Code or that obtained a discharge of its debts under the U.S. Bankruptcy Code during or within one year after the officer or general partner held this position in the company or partnership.

For a prospective franchisee, this statement provides assurance that the leadership of Learningrx has not been involved in bankruptcy proceedings, either directly or through other companies they were associated with, in the recent past. This is a standard disclosure in franchise agreements, intended to provide transparency about the financial history and stability of the franchisor and its key personnel.

It is important to note that this disclosure only covers the ten-year period immediately preceding the date of the Franchise Disclosure Document. Events prior to that timeframe would not be included. Additionally, this statement relies on the accuracy and completeness of the information provided by Learningrx and its officers. While this disclosure offers some level of comfort, prospective franchisees should still conduct their own due diligence to assess the financial health and reputation of the franchisor.