What is the deadline for The Standardx franchisee to provide Hyatt with an updated Exhibit G after a Non-Control Transfer?

According to The Standardx's 2025 Franchise Disclosure Document, a franchisee must provide Hyatt with an updated Exhibit G within thirty (30) days after the effective date of any Non-Control Transfer. This requirement applies if the previously effective version of Exhibit G has changed. Alternatively, the franchisee must provide such other information as Hyatt reasonably requests from time to time concerning any new Non-Controlling Owners, other than Limited Interest Owners.

In practical terms, this means that if a The Standardx franchisee undergoes a Non-Control Transfer (excluding transfers among existing owners) that results in changes to the information in Exhibit G, they have a strict 30-day window to submit the updated document to Hyatt. This ensures Hyatt stays informed about the current ownership structure and any changes that may affect the franchise operation.

This requirement is important for maintaining transparency and compliance with the franchise agreement. Failure to provide the updated Exhibit G within the specified timeframe could potentially lead to breaches of the agreement. Franchisees should therefore have systems in place to track and manage any Non-Control Transfers and ensure timely submission of required documentation to Hyatt.