The undersigned Franchisor represents that it shall provide prospective purchasers in the Commonwealth of Virginia a Franchise Disclosure Document that complies with 21 VAC 5-110-55 and 21 VAC 5-110-95 14 calendar days prior to the signing of an agreement or receipt of consideration. American LegalNet, Inc. www.FormsWorkFlow.com In addition, if claiming the Seasoned Franchisor exemption, the undersigned represents that: (1) (Check the applicable box) ( ) The Franchisor has a net equity on a consolidated basis, according to its most recent audited financial statement, of not less than $15,000,000; Or ( ) The Franchisor has a net equity of $1,000,000 according to its most recent unaudited financial statement and is at least 80% owned by a corporation or other entity which has a net equity on a consolidated basis, according to its most recent audited financial statement, of not less than $15,000,000 and the owner guarantees the performance of the Franchisor222s obligations; and (2) The Franchisor or any 80% owner of the franchisor or the franchisor222s predecessor, or any combination thereof, has had at least 25 franchisees conducting the same franchise business to be offered or granted for the entire five-year period immediately preceding the offer or sale. Franchisor222s American LegalNet, Inc. www.FormsWorkFlow.com