EXHIBIT "B"
TO THE DEVELOPING AGENT AGREEMENT
PRINCIPAL OWNER, OTHER OWNERS,
DESIGNATED PRINCIPAL OWNERS,
UNIT AND MANAGER, SUPERVISING OWNERS
AND INITIAL CAPITALIZATION
[A COPY OF THE PRINCIPAL OWNER, OTHER OWNERS, DESIGNATED PRINCIPAL OWNERS, UNIT
AND MANAGER, SUPERVISING OWNERS AND INITIAL CAPITALIZATION IS ATTACHED TO THE
FRANCHISE AGREEMENT (EXHIBIT "C" OF THE OFFERING CIRCULAR) AS EXHIBIT "B"].
OWNRLST12.09.94
(B - 3)
EXHIBIT "B"
PRINCIPAL OWNER, OTHER OWNERS,
DESIGNATED PRINCIPAL OWNERS,
UNIT AND MANAGER, SUPERVISING OWNERS
AND INITIAL CAPITALIZATION
1. Principal Owners: Listed below is the full name (and mailing
address) of each person or entity who is a Principal Owner of Franchisee
(including a designated Principal Owner so designated based on their business
experience, financial capacity or other personal attributes), and a description
of the nature of such Principal Owner's direct or indirect equity or voting
interest in Franchisee:
Name: Number of Shares
Owned:
Address: % of Total
Shares:
Number of Shares Owner is Entitled
to
Vote:
Other Interest
(Describe):
Name: Number of Shares
Owned:
Address: % of Total
Shares:
Number of Shares Owner is Entitled
to
Vote:
Other Interest
(Describe):
Name: Number of Shares
Owned:
Address: % of Total
Shares:
Number of Shares Owner is Entitled
to
Vote:
Other Interest
(Describe):
Name: Number of Shares
Owned:
Address: % of Total
Shares:
Number of Shares Owner is Entitled
to
Vote:
Other Interest
(Describe):
2. Other Owners. Listed below is the full name (and mailing address) of
each person or entity, other than the Principal Owners, who directly or
indirectly owns an equity voting interest in Area Developer and a description of
the nature of the interest (attach additional sheets if necessary):
Name: Number of Shares
Owned:
Address: % of Total
Shares:
Number of Shares Owner is Entitled
to
Vote:
Other Interest
(Describe):
Name: Number of Shares
Owned:
Address: % of Total
Shares:
Number of Shares Owner is Entitled
to
Vote:
Other Interest
(Describe):
3. Unit Manager and Additional Manager: As required pursuant to this
Agreement, the following person shall attend the training program as the initial
Unit Manager of the UNIT:
Name:
(Unit Manager)
4. Supervising Owners: As required pursuant to this Agreement, the
following Principal Owners shall supervise the operation of the UNIT:
Name: Name:
Name: Name:
5. Initial Capitalization. Area Developer: (a) represents and warrants
that it has developed and previously provided to COMPANY a description of its
initial capital structure (the "Initial Capital Structure") which is a true,
correct, complete and detailed description of Area Developer's capital
structure; (b) covenants that it will not deviate from the Initial Capital
Structure without COMPANY's prior written consent; and (c) acknowledges that
COMPANY has relied on the Initial Capital Structure in entering into this
Agreement.
PRETZEL TIME, INC. XXX. XXXXXX' ORIGINAL COOKIES,
a Pennsylvania corporation INC., a Delaware corporation
By:
By:
Name: ___________________ Name: _____________________
Title:
Title:
