Where can I find information about exhibits to chapter 13 for a Punch King Fitness franchise?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
The following exhibits to this disclosure document are the contracts used by us in offering franchises:
EXHIBIT A FRANCHISE AGREEMENT
EXHIBIT B AREA DEVELOPMENT AGREEMENT
EXHIBIT C PERSONAL GUARANTY
EXHIBIT D RESTRICTIVE COVENANT AGREEMENT
EXHIBIT E POWER OF ATTORNEY TO ASSIGN TELEPHONE NUMBER
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, Item 22 lists the contracts used by Punch King Fitness in offering franchises. However, there is no mention of exhibits related to Chapter 13. The listed exhibits include the Franchise Agreement, Area Development Agreement, Personal Guaranty, Restrictive Covenant Agreement, and Power of Attorney to Assign Telephone Number.
Several other exhibits are mentioned within the franchise agreement, such as Exhibit 2, which pertains to the site and territory of the franchise, Exhibit 3, which covers the authorization for electronic fund transfers, Exhibit 4, which is a site selection addendum, and Exhibit 5, a rider to the franchise premises lease agreement. These exhibits are incorporated into the Franchise Agreement.
Since the FDD does not contain information about Chapter 13 exhibits, it is recommended that prospective Punch King Fitness franchisees ask the franchisor directly about any documents or requirements related to Chapter 13 bankruptcy, if that is a concern. This would include understanding the implications of filing for Chapter 13 on the franchise agreement and the franchisee's obligations.