Shield Security Systems

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Shield Security Systems Franchise Development Corp. is a corporation formed under New York law in June 1992. They were formally known as Shield Development, LTD until September 2007. Their principal business address is 5170 Genesee Street, Bowmansville, NY 14026.

We offer franchises for the operation of a business ('Business') providing learning enhancement, cognitive training (also referred to as brain training) and reading training to a variety of people under the LearningRx trademarks, trade names, service marks, and logos ('Marks'). The franchise is operated under a business format in accordance with a unique system, including our valuable know how, information, trade secrets, methods, Operations Manual, standards, designs, methods of trademark usage, copyrightable works, Products and service sources and specifications, proprietary software, confidential electronic and other communications, methods of Internet usage, marketing programs, and research and development connected with the operation and promotion of the Business (collectively, the 'System') owned and developed by us and known as a LEARNINGRX TRAINING CENTER ('Center'). In addition, our proprietary learning and development products, including 'ThinkRx,' 'ReadRx,' 'ComprehendRx,' 'MathRx,' 'LiftOff,' and any other LearningRx products developed in the future (collectively, the 'Products'), are designed to support customers in their ongoing training efforts. We reserve the right to change or otherwise modify the System and add, modify, or delete any of our Products at any time at our sole discretion. You must operate your Center in accordance with our standard business operating practices and sign our standard franchise agreement ('Franchise Agreement'), which is attached to this Disclosure Document as Exhibit B. We also offer franchises to existing Franchisees who wish to open additional Centers. Existing franchisees must sign the then-current form of Franchise Agreement and are subject to certain terms which are different from Franchisees opening their first Center as noted in various ITEMS of this Disclosure Document. We offer 1 type of franchise, which is available to those persons whom we deem qualified, in our sole discretion, to operate a Business. You may operate 1 Business for each Franchise Agreement you sign with us. Additionally, we offer a Satellite Location Addendum, which is available to those existing franchisees that have been in operation for 2 years under a Franchise Agreement and whom we deem qualified, in our sole discretion, to operate a Satellite Location, to open one site in a location in accordance with the specifications in our Operations Manual ('Satellite Location'). We also offer to select qualified persons the opportunity to acquire the right to develop Businesses in multiple Territories. We retain the right, in our sole discretion, to choose to award or not to award a LearningRx Franchise to any prospective franchisee, for any reason, and to cease discussions regarding the awarding of a franchise at any time, regardless of the stage of the franchise award process or the time and money spent by you or any other prospective franchisee. After you have opened your first Center, or if you possess the necessary business operational skills and financial resources, you may request one or more additional territories ('Development Territory') in which to have the rights to develop additional Centers ('Area Development Rights') within a prescribed schedule ('Development Schedule'). If you sign an area development agreement ('Area Development Agreement'), the then-current Initial Franchise Fee and a fee equal to the then current Initial Training and Materials Fee you will pay for each Center you commit to open will be reduced ('Development Franchise Fee') by twenty percent. At the time you sign the Area Development Agreement, you will pay us an area development fee ('Area Development Fee') equal to 50% of the Development Franchisee Fee multiplied by the number Centers you are authorized to open under your Development Schedule. You will pay the balance of the Development Franchise Fee at the time you sign the Franchise Agreement for each additional Center.