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Business Description

We were originally formed as a Texas corporation named CiCi Enterprises, Inc. (“CEI”) on December 13, 1984. We were converted from a Texas corporation to CiCi Enterprises, LP, a Delaware limited partnership, in a statutory conversion, on September 22, 2003 as a part of a management buyout (“Conversion”). Our sole general partner is CiCi GP, LLC, which is a Delaware limited liability company formed on August 25, 2003 (“General Partner”). All limited partnership interests are held by Awesome Acquisition Company (“AAC”). Our General Partner and AAC have the same principal place of business as we do. We maintain our principal place of business at 5601 Executive Drive, Suite 400, Irving, TX 75038. We do business under the service marks “CICIS” and “CICIS PIZZA TO GO” and other marks we may develop (“Marks”). Our agents for service of process in the states that require franchise registration are listed in Attachment II. We operate and sell franchises for Cicis Restaurants and Cicis To Go Restaurants that offer value-priced pizza, desserts, and other foods primarily under the trademark “CICIS.” Cicis Restaurants feature an “All You’d Like to Eat” buffet and offer dine-in, catering, and carry-out services. Cicis Restaurants and Cicis To Go Restaurants also offer delivery services through online delivery platforms and third-party delivery providers we require or otherwise approve.

Prior Experience

CEI opened the first Cicis Restaurant in Dallas, Texas, in March 1985 and began offering franchises in May 1988. Since the Conversion, we have continued to offer franchises of the type previously offered by CEI. We also operate and sell franchises for Cicis To Go Restaurants that offer value-priced pizza, desserts, and related foods primarily for carry-out under the primary trademark “CICIS PIZZA TO GO.” The Cicis To Go Restaurants also offer catering and offer delivery services through online delivery and third-party delivery providers we approve or require. Cicis To Go Restaurants may have no seating or may have limited seating for on-premises dining. Currently, we own and operate 2 Cicis To Go Restaurants, located in the Dallas, Texas area, the first of which was opened in October 2004. We began offering franchises for Cicis To Go Restaurants in January 2006. We are not engaged in any other business and have never offered franchises for any lines of business other than those discussed above. References to “Location(s)” in this disclosure document mean both Cicis Restaurants and Cicis To Go Restaurants.

Business Offered

We offer franchises for Cicis Restaurants and Cicis To Go Restaurants that operate under the Cicis System. The Cicis System includes exterior and interior design, decor, color scheme, and furnishings; special recipes and menu items; uniform standards for operations; quality and uniformity of products and services; procedures for inventory, management and financial control; training and assistance; and advertising and promotional programs. We may change any of these items in our discretion without notice. We offer Cicis Restaurant franchises and Cicis To Go Restaurant franchises to entities that meet our qualification requirements. The Franchise Agreement gives you the right to establish and operate either 1 Cicis Restaurant or 1 Cicis To Go Restaurant at a specified location. If your franchise is for a Cicis Restaurant, you will sign our Franchise Agreement. If your franchise is for a Cicis To Go Restaurant, you will sign the Franchise Agreement and the Cicis To Go Addendum to Franchise Agreement, which adapts certain terms of the Franchise Agreement for Cicis To Go Restaurants. Our current standard form of Franchise Agreement and Cicis To Go Addendum to Franchise Agreement are included in this disclosure document as Exhibits C and C-1. We also offer candidates the right to enter into a development agreement (“Development Agreement”) to develop one or more Cicis Restaurants or Cicis To Go Restaurants within a specifically described geographic territory (“Development Area”). If you wish to develop Cicis Restaurants, you must sign our Development Agreement. If you wish to develop Cicis To Go Restaurants, you must sign the Development Agreement and the Cicis To Go Addendum to our Development Agreement. Our current standard form of Development Agreement and the Cicis To Go Addendum to Development Agreement are included in this disclosure document as Exhibits B and B-1 respectively. Your development of Cicis To Go Restaurants will not satisfy any development obligations that you have for Cicis Restaurants and vice-versa. The entity executing the Development Agreement is the “Developer.” The Development Area will be determined before executing the Development Agreement and will be described in the Development Agreement. The size of the Development Area will vary depending upon local market conditions and the number of Locations to be developed. You must develop the number of Locations contemplated by the Development Agreement in the Development Area according to a development schedule and must enter into a separate Franchise Agreement for each Location that is established. The Franchise Agreement for each Location developed under a Development Agreement will be the form of Franchise Agreement that we are then offering to new franchisees, except that the initial franchise fees will be as provided in the Development Agreement. For a limited time, we are offering qualified Developers and franchisees various incentive programs. Our Development Incentive Program offers incentives to develop additional Cicis Restaurants. The Development Incentive Program does not apply to relocations, transfers, non-traditional development, Cicis To Go Restaurants, or any international development. This program is also limited to certain geographic markets. We also offer a Reopen Incentive Program, an Underperforming Restaurant Incentive Program, Reimage Incentive, New Restaurant Opening Incentive, and our Veteran’s Program. If you meet our qualifications and are approved to participate in one of these programs, you may qualify for reduced initial franchise fees, reduced royalty rates, and/or other incentives. We anticipate offering franchises for non-traditional locations, such as airports, colleges, universities, military, or other governmental facilities, offices or in-plant food service facilities, or within an existing “big box” retail site such as a shopping mall, supermarket, mass merchandiser, grocery store, or other fast-food type operations such as food courts and other venues operated by a master concessionaire or contract food service provider, or other large retail venues (“Non-Traditional Locations”). Franchises granted for Non-Traditional Locations will be established by the execution of a Franchise Agreement that is modified by an addendum reflecting the terms that apply to Non-Traditional Locations. We also anticipate offering franchises internationally. International agreements will differ from the agreements included in this disclosure document.

Initial Fees

Initial Franchise Fee: ? Cicis Restaurants: The initial franchise fee is $30,000 for your first Restaurant and $25,000 for each additional Restaurant established by you or a related entity. The entire payment is due when you sign the Franchise Agreement, unless you sign a Development Agreement (see below). ? Cicis To Go Restaurant: The initial franchise fee is $7,500 for each Cicis To Go Restaurant. The entire payment is due when you sign the Franchise Agreement, unless you sign a Development Agreement (see below). ? Legacy Renewal Program: The initial franchise fee for a Legacy Renewal Program Franchise Agreement is $3,750 for Cicis Restaurants and $937.50 for Cicis To Go Restaurants. We only offer the Legacy Renewal Program to existing franchisees who meet our requirements for renewal and who, due to various market variables, request to enter into a renewal Franchise Agreement that has a shorter term. In certain circumstances, we may also, in our discretion, offer the Legacy Renewal Program to new franchisees who wish to enter into a Franchise Agreement with us for a Location that is eligible for the 5-year Legacy Renewal Program and is being transferred. Development Fee: You must pay a development fee when the Agreement is signed. The development fee is 100% of the initial franchise fee for the first Location plus 40% of the initial franchise fee for each additional Location. We will credit the pro rata portion of the development fee against the initial franchise fee due for the Location when the Franchise Agreement is signed. The development fee formula is the same for all franchisees under this offering, but the actual amount will vary depending on the number of Locations you agree to develop. Under certain circumstances, we may (but are not obligated to) negotiate the development fee. Incentive Programs: General Requirements: We offer certain incentives to qualified existing and new franchisees. The incentives only apply to Cicis Restaurants and not to Cicis To Go Restaurants. We may allow franchisees to participate in more than 1 incentive program, in our discretion, but franchisee cannot participate in both the Development Incentive Program and the NRO Incentive Program. Franchisees must apply, meet our participation criteria, and receive our approval, which we may withhold in our sole discretion. Participaton criteria include financial and operational qualifications and maintaining “Good Standing” at all times. “Good Standing” means that neither you nor any of your subsidiaries or affiliates are in default under any agreements with us or our affiliates and you (and your subsidiaries and affiliates) have substantially and timely complied with those agreements. Additional criteria for specific programs are described below as applicable. We may terminate any incentive program at any time and for any reason. ? Development Incentive Program. If you sign a Development Agreement before December 31, 2019, the initial franchise fee for each Cicis Restaurant will be $7,500. When you sign the Development Agreement, you will pay us $3,500 times the number of Cicis Restaurants covered by the Development Agreement. The remaining $4,000 per Cicis Restaurant must be paid 30 days before the Opening Date. The royalty rate is: 2% for the first 12 months following the Opening Date, 3% for the 12 months beginning on the first anniversary of the Opening Date; and as stated in Section 4.B. of the Franchise Agreement beginning on the second anniversary of the Opening Date and for the remaining term. ? Existing Franchisee Development Incentive Program. If you are an existing Cicis franchisee and you sign a Development Agreement before December 30, 2019, in which you agree to open your first Cicis Restaurant under the Development Agreement within 24 months after the execution of the Development Agreement and each additional Cicis Restaurant every year thereafter, then the initial franchise fee for each Cicis Restaurant will be $5,500. When you sign the Development Agreement, you will pay us $1,000 for each Cicis Restaurant to be developed under the Development Agreement. The remaining $4,500 per Cicis Restaurant will be paid within 30 days before the Opening Date of each Cicis Restaurant. We will waive the payment of the $4,500 for (a) the first Cicis Restaurant if you open the restaurant within 18 months following the execution of the Development Agreement; the Opening Date must be on or before December 15, 2021 and (b) for each subsequent restaurant that opens within 12 months following the Opening Date of the prior Cicis Restaurant that opened, which subsequent Opening Date must be on or before December 15 of the year in which the opening occurs. ? Reopen Incentive Program: If you reopen a Cicis Restaurant that was closed, we will reduce the initial franchise fee to $7,500 and modify the royalty rate as follows: 2% for the first 12 months following the Opening Date, 3% for the 12 months beginning on the first anniversary of the Opening Date; and as stated in Section 4.B. of the Franchise Agreement beginning on the second anniversary of the Opening Date and for the remaining term. You also may terminate without paying liquidated damages before the 18-month anniversary of the date you reopen the Cicis Restaurant if you are in Good Standing and give notice. ? Underperforming Restaurant Incentive Program: If you buy a Restaurant we identify as underperforming, we will reimburse you up to $7,500 of the renewal fee paid (if applicable) for documented grand opening expenses and will modify the royalty rate as follows: 2% for the first 12 months following the acquisition date (if the Cicis Restaurant was in continuous operation); 3% for the 12 months beginning on the first anniversary of the acquisition date; and as stated in Section 4.B. of the Franchise Agreement beginning on the second anniversary of the acquisition date and for the remaining term. You also may terminate without paying liquidated damages before the 18-month anniversary of the acquisition date if you are in Good Standing and give notice. ? Veteran’s Program: We participate in the International Franchise Association’s (“IFA”) VetFran Program. Our “Veteran’s Program” offers financial incentives to qualified veterans new to Cicis. Under this program, we waive the development fee and initial franchise fee for the first Restaurant opened. The initial franchise fee for additional Restaurants is $7,500: $3,500 is paid when the Development Agreement is signed and we waive the $4,000 balance due under the Franchise Agreement if you (or your majority owner) was an active member of the armed forces. A qualified veteran meets our franchisee qualifications; lives in the community where his or her Cicis Restaurant is located; has been honorably discharged or is an active reservist; and provides a copy of his or her DD214. The Veteran’s Program is also available to entities that are majority owned by a qualified veteran. We also encourage hiring at least one honorably discharged veteran. Under the Veteran’s Program, the royalty rate is: 0% for the first 24 months following the Opening Date, and beginning on the second anniversary of the Opening Date and for the remaining term; the royalty rate will be as stated in Section 4.B. of the Franchise Agreement. ? New Restaurant Opening (NRO) Incentive Program. In addition to the general incentive program participation criteria described above, NRO Incentive Program candidates must be or become a Brand Ambassador and must sign a Development Agreement for each Restaurant. A Brand Ambassador: (a) complies with our brand standards at all of its Location, (b) at our request, allows us to designate its Locations as testing locations for new products, promotions, equipment and operational processes, and (c) provides public support for the Cicis’ brand and leadership initiatives. Under the NRO Incentive Program, we will pay your vendors or reimburse you up to $50,000 for furniture, fixtures, equipment, and initial inventory purchases. Cicis will provide $5,000 for grand opening promotional expenditures so long as you have paid us an amount not less than $5,000 to be applied to payment of grand opening related expenses. If you fail to deliver this payment to us on a timely basis (as we determine), then Cicis will be relieved of any matching fund obligations. We will use these funds to pay vendors for your grand opening services or to reimburse you this amount once your grand opening expenditures have been made. We will make payments or reimbursements promptly after we receive from you vendor invoices or documentation reasonably satisfactory to us evidencing your cost for the covered items. If a Restaurant is not continuously operated for at least 2 years after the Opening Date (including if you close the Restaurant or the Franchise Agreement is terminated) or if you do not remain in Good Standing or cease to be a Brand Ambassador, you must repay us all amounts we paid under this program on the earlier of the date (a) you are no longer in Good Standing, or (b) you cease to be a Brand Ambassador, or (c) you unilaterally close the Restaurant, or (d) the Franchise Agreement is terminated. All Restaurants under the program must be scheduled to open by December 31, 2021. If the program is terminated before all Restaurants have opened, the program will apply to all Restaurants opened by December 31, 2021 as long as you remain in compliance with the Development Agreement and the Franchise Agreements executed under it. ? Reimage Incentive (RI) Program. Under the RI Program, we provide an interest-free loan up to $40,000 (“Franchisor Loan”) to enable qualified franchisees to reimage their Restaurants in compliance with our Maverick prototype (or an approved reimaging prototype that contains more features than Maverick) and the reimage survey and scope of work we perform. The amount disbursed for the Franchisor Loan will be applied first to any equipment orders from JMC, and the balance of the principal will then be paid to the franchisee. The reimage must be completed by the expiration date of the then-current, applicable Franchise Agreement (“Reimage Completion Date”) in compliance with the RI Program Amendment to the Franchise Agreement. In addition to the general incentive participation criteria described above, RI Program candidates must: (i) have an unexpired Franchise Agreement and a lease with a remaining term of at least 5 years with a 5-year option, (ii) have received a passing score on its Site Review and Viability Assessment, (iii) receive Cicis’s operational and financial approval to renew the Franchise Agreement, and (iv) be a Cicis Brand Ambassador, as described above. You also must provide to us (a) satisfactory evidence that all deferred maintenance of the Restaurant premises has been completed in compliance with our standards and applicable regulatory requirements, (b) if you will be seeking funding from a bank or other institutional lender (“Conventional Loan”) to supplement the Franchisor Loan, a pre-approval letter from a reputable lender evidencing your ability to secure the Conventional Loan in the amount necessary (taking the Franchisor Loan into account) to complete the reimage, and (c) if you will be relying on your own capital to supplement the Franchisor Loan, all documentation requested by us to evidence that you have sufficient cash reserves and depository accounts necessary (taking the Franchisor Loan into account) to complete the reimage. If approved to participate, you must pay a $7,500 renewal fee, and you and we will sign a renewal Franchise Agreement in the form of Exhibit C to this disclosure document (“Renewal Franchise Agreement”). ? Relocation Incentive Program. In addition to the general incentive program participation criteria described above, the Relocation Incentive Program candidates must be a Brand Ambassador. Under the Relocation Incentive Program, and provided that you receive our consent to relocate to a selected site, we will pay your vendors or reimburse you up to $50,000 for furniture, fixtures, equipment, and initial inventory purchases. We will provide $5,000 for grand opening promotional expenditures so long as you have paid us an amount not less than $5,000 to be applied to payment of grand opening related expenses. If you fail to deliver this payment to us on a timely basis (as we determine), then we will be relieved of any matching fund obligations. We will use these funds to pay vendors for your grand opening services or to reimburse you this amount once your grand opening expenditures have been made. We will make payments or reimbursements promptly after we receive from you vendor invoices or documentation reasonably satisfactory to us evidencing your cost for the covered items. If the relocated Restaurant is not continuously operated for at least 2 years after the Opening Date (including if you close the Restaurant or the Franchise Agreement is terminated), or if you do not remain in Good Standing or cease to be a Brand Ambassador, you must repay us all amounts we paid under this program on the earlier of the date (a) you are no longer in Good Standing, (b) you cease to be a Brand Ambassador, (c) you unilaterally close the Restaurant, or (d) the Franchise Agreement is terminated. Initial Inventory: You must purchase certain special recipe food products like our cheeses, sauces, meats and flour which have been developed especially for the Cicis System. Because of their confidential and proprietary nature and importance to the Cicis System, you must purchase them only from us or from a supplier we designate. Currently, JMC is the designated supplier. Your initial inventory cost of these products will vary depending on the type of Location you are establishing, your anticipated sales, the next scheduled delivery date, and other factors. You must also purchase certain stock inventory items (like sugar, napkins, condiments, and related items) from a supplier we approve. Currently, JMC makes these items available for approximately $2,618 to $8,765 per Restaurant and approximately $170 to $375 per Cicis To Go Restaurant for an initial 7 to 10-day supply. Payments for food products and other initial inventory purchased from JMC must be made no later than 14 days after invoiced, which may be before the Location opens. For its 2018 fiscal year, JMC received payments from Restaurant franchisees ranging from approximately $9,756 to $28,102 for an initial 7 to 10-day supply of these items (including stock inventory); JMC received payments from $3,406 to $13,645 for smallwares. No Cicis To Go Restaurants opened in our 2018 fiscal year, therefore, JMC did not receive any payment for initial supplies or inventory. Initial Equipment, Furniture, Fixtures, Supplies, and Decor Items: Cicis Restaurant franchisees (not Cicis To Go Restaurant franchisees) must purchase an approved beverage dispenser that meets our specifications (approximately $3,279 plus tax). JMC is an authorized supplier of this beverage dispenser. You will receive a one-time equipment credit equal to the total amount paid for the beverage dispenser equipment that you can you use to offset JMC purchases after the deduction of the value of the beverage dispenser equipment. Tea Urns, Lines, and BOH equipment will be loaned by Coke. Cicis Restaurant franchisees (not Cicis To Go Restaurant franchisees) must purchase only the buffet components custom designed and built for Cicis Restaurants. JMC is currently our only approved supplier of the buffet components. Each Cicis Restaurant requires a modular buffet package, for a total current cost of approximately $25,249. JMC also supplies other kitchen equipment, furniture, fixtures, supplies, and decor items required for Locations. The requirements differ substantially from a Cicis Restaurant to a Cicis To Go Restaurant based on the size and configuration of the Location, as well as on local health, environmental, or other standards. For its 2018 fiscal year, JMC received payments from all Cicis Restaurant franchisees ranging from approximately $194,823 to $207,495, inclusive of tax and freight, per Cicis Restaurant, for the buffet components, beverage dispenser, and standard kitchen equipment, furniture, fixtures, and decor items. No Cicis To Go Restaurants opened in our 2018 fiscal year, therefore, JMC did not receive any payment for furniture, fixtures, equipment, or decor items. Payments for equipment ordered from JMC must be made before the Location opens. On-Site Evaluation: At your request, we provide 1 on-site evaluation of the proposed site for your Location. We do not charge a fee, but you must reimburse us for our out-of-pocket expenses. If additional on-site evaluations are required, we may charge you a fee based on our overhead costs (“Additional Site Evaluation Fee”) in addition to requiring you to reimburse us for our travel-related expenses. On-Site Inspection Fee: For new Locations, the current on-site construction inspection fee is $100 per day, plus reimbursement for airfare (at cost), other transportation ($100 per day), and lodging ($150 per day). Locations being transferred must receive an on-site inspection before sale. Currently, the on-site inspection fee for transferring Locations is $300 for one Location and $600 for multiple Locations. Training Fee: We do not charge an initial training fee for your first (or second Location in certain instances), but we may charge a reasonable training fee for any additional Locations. Cicis System and Services: You must pay us an annual Cicis System and Services fee to: (1) report sales and P&L information electronically; (2) view reports and store analytics; (3) view system communications and news; (4) place food orders electronically; and (5) place technical support requests. The current fee is $150 per Location per year. Lease Review Costs: We must approve the lease or purchase contract for your Location before you sign it. You must pay or reimburse us for any reasonable attorneys’ fees we incur. Other Information: The initial fees described in this Item 5 are generally non-refundable. However, if your Operator fails to satisfactorily complete our initial management training program or if we determine, in our reasonable business judgment, that he or she cannot do so and you fail to cure the default, we can terminate the Franchise Agreement or Development Agreement. If we terminate for that reason, we will refund half of your initial franchise fee or development fee, as applicable. We may negotiate the amount of certain fees, including the initial franchise fee and the development fee, in our sole discretion. In determining whether an adjustment is warranted, we consider such factors as the size and experience of the franchisee, whether we have previously dealt with the franchisee, the impact of market forces in a given location, and other relevant circumstances. We may also offer loyalty programs for existing and/or new franchisees that may include reductions or waivers of certain fees.

Financing

JMC Financing of Initial Equipment Our affiliate, JMC, will consider financing your purchase of the initial equipment package if you qualify on the following terms. Item Financed: Initial equipment package when purchased through JMC Source of Financing: JMC Down Payment: 50% of the total equipment package cost is required Amount Financed: Purchase price of the equipment minus the down payment Term: Earlier of 8 to 10 weeks after order is placed or prior to opening Interest Rate: If paid when due, 0% (unless you request and we agree to extend the standard term, in which case we may charge interest); 18% per annum or the highest legal rate if you fail to pay when due Monthly Payment: Varies, based on the amount financed Prepay Penalty: None Security Required: Collateral interest in the equipment purchased and proceeds; personal guaranty of franchisee owner Liability upon Default: Acceleration of debt; payment of default interest, late charge and collection expenses, including attorneys’ fees, foreclosure of liens and security interests Loss of Legal Right on Default Notice of default is not waived; waive notice of demand for payment, diligence in filing suit, protest, notice of protest, notice of intent to accelerate, notice of acceleration, presentment for payment and notice of dishonor Also, see the Promissory Note, Guaranty, and Security Agreement attached to this disclosure document as Exhibit I. JMC has no practice or intent to sell, assign, or discount to a third party all or any part of the financing arrangement. RI Program Financing If you qualify for the RI Program described in Item 5, we offer the Franchisor Loan under the terms and conditions described below. The Franchisor Loan will not cover 100% of the costs you will incur. You will be required to cover the difference in costs from your own resources or from other sources of financing. Item Financed: Reimage elements required by our Maverick prototype or other protoype(s) we establish. Source of Financing: CiCi Enterprises, LP Down Payment: No down payment Amount Financed: Up to $40,000 Term: Varies depending on when the Conventional Loan proceeds are disbursed (if a Conventional Loan is obtained) or the initial disbursement date (if a Conventional Loan is not obtained) and the amount of weekly Net Sales of the Restaurant for which the Franchisor Loan applies(1); note payments will start the 90th day after the loan disbursement date (if a Conventional Loan is obtained) or the 90th day after the initial disbursement date (if a Conventional Loan is not obtained); weekly payments will be 2% of the Restaurant’s Net Sales if the reimaging work is completed as we require and on or before the expiration date of the then-current, applicable Franchise Agreement; if the reimaging work is not completed as we require and by the expiration date of the then-current, applicable Franchise Agreement, weekly payments will be increased to 4% of the Restaurant’s Net Sales until the reimaging work is completed as we require and the Franchisor Loan is paid in full. Interest Rate: 0% if loan payments are paid when due; 12% per annum or the highest legal rate will be assessed on past due amounts. Monthly Payment: Varies, based on the amount of the Cicis Restaurant’s Net Sales, the applicable interest rate, and the timing of the completion of the reimage. Full amount immediately due and payable if you fail to remain in Good Standing, cease to be a Brand Ambassador or on transfer, expiration, or termination of the Franchise Agreement. Prepay Penalty: None Security Required: Personal guaranty of Controlling Principals Liability upon Default: Acceleration of debt; payment of default interest, late charge and collection expenses, including attorneys’ fees, foreclosure of liens and security interests. Any default not cured within 5 days following written notice is also a default under the Franchise Agreement for which we may terminate. Loss of Legal Right on Default Notice of default is not waived; waive notice of demand for payment, diligence in filing suit, protest, notice of protest, notice of intent to accelerate, notice of acceleration, presentment for payment, and notice of dishonor Also, see the Promissory Notes and Guaranties attached to this disclosure document as Exhibit I-1 and Exhibit 1-2. We have no practice or intent to sell, assign, or discount to a third party all or any part of the financing arrangement. Note 1: If you also have a Conventional Loan, the proceeds of the above described loan will be disbursed promptly following funding of the Conventional Loan and must be repaid weekly, beginning on the 90th day following the loan disbursement date. If you do not obtain a Conventional Loan, then the proceeds of the loan will be disbursed in accordance with a disbursement schedule we prepare and must be repaid weekly beginning on the 90th day following the initial disbursement date. The amount disbursed for the Franchisor Loan will be applied first to any equipment orders from JMC, then the balance of the principal will be paid to you. Weekly payments will be drafted by ACH at the same time as royalty payments are drafted. Except for the above, we do not offer direct or indirect financing, and we do not guarantee your notes, leases, or other obligations.

Franchisee Revenue and Profit

We do not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections or your future income, you should report it to the franchisor’s management by contacting our Legal Department, 5601 Executive Drive, Suite 400, Irving, TX 75038, 469-586-0700, the Federal Trade Commission, and the appropriate state regulatory agencies.