Sba Form 2462 - Addendum To Franchise Agreement Page 3
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3COVENANTS
Franchisee
franchisee
If the _______________ owns the real estate where the _______________ location is
Franchisor
Franchise
operating, _______________ has not and will not during the term of the _______________
Agreement record against the real estate any restrictions on the use of the property,
including any restrictive covenants, branding covenants or environmental use restrictions.
Franchisee
If any such restrictions are currently recorded against the _______________’s real estate,
Franchisee
they must be removed in order for the _______________ to obtain SBA-assisted financing.
EMPLOYMENT
Franchisor
Franchisee
_______________ will not directly control (hire, fire or schedule) _______________’s
employees.
For temporary personnel franchises, the temporary employees will be
Franchisee
Franchisor
employed by the _______________ not the _______________.
Franchise
As to the referenced _______________ Agreement, this Addendum automatically terminates when SBA no
Franchisee
longer has any interest in any SBA-assisted financing provided to the _______________.
Franchise
Except as amended by this Addendum, the _______________ Agreement remains in full force and effect
according to its terms.
Franchisor
Franchisee
_______________ and _______________ acknowledge that submission of false information to SBA, or the
withholding of material information from SBA, can result in criminal prosecution under 18 U.S.C. 1001 and
other provisions, including liability for treble damages under the False Claims Act, 31 U.S.C. §§ 3729 -
3733.
Authorized Representative of ________________________:
FRANCHISOR
By: _______________________________
Print Name: ________________________
Title:______________________________
Authorized Representative of ________________________:
FRANCHISEE
By: _______________________________
Print Name: ________________________
Title:______________________________
Franchisor
Note to Parties: This Addendum only addresses “affiliation” between the _______________ and
(type of agreement)
Franchisee
Franchisee
_______________. Additionally, the applicant _______________ and the ____________________
system must meet all SBA eligibility requirements.
SBA Form 2462 (02-17)
Page 2
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