| Item | | Page |
| 1. | The Franchisor and any Parents, Predecessors, and Affiliates | 1 |
| 2. | Business Experience | 3 |
| 3. | Litigation | 4 |
| 4. | Bankruptcy | 6 |
| 5. | Initial Fees | 7 |
| 6. | Other Fees | 10 |
| 7. | Estimated Initial Investment | 11 |
| 8. | Restrictions on Sources of Products and Services | 12 |
| 9. | Franchisee’s Obligations | 15 |
| 10. | Financing | 17 |
| 20. | Franchisor’s Assistance, Advertising, Computer Systems, and Training | 19 |
| 21. | Territory | 25 |
| 22. | Trademarks | 27 |
| 23. | Patents, Copyrights, and Proprietary Information | 29 |
| 24. | Obligation to Participate in the Actual Operation of the Franchise Business | 30 |
| 25. | Restrictions on What the Franchisee May Sell | 32 |
| 26. | Renewal, Termination, Transfer, and Dispute Resolution | 36 |
| 27. | Public Figures | 40 |
| 28. | Financial Performance Representations | 40 |
| 29. | Outlets and Franchisee Information | 44 |
| 30. | Financial Statements | 47 |
| 31. | Contracts | 52 |
| 32. | Receipts | 54 |
| Exhibits | | |
| A. | Belmont Franchise Agreement | 55 |
| B. | Belmont Lease of Premises | 70 |
| C. | USA Credit Corp. Equipment Lease | 75 |
| D. | Belmont Equipment Purchase Note | 77 |
| E. | Belmont Initial Fee Loan Agreement | 80 |
| F. | Belmont Operating Manual Table of Contents | 83 |
| G. | Belmont Confidentiality and Noncompete Agreement for Outlet Managers | 93 |
| H. | Belmont Noncompete Agreement for Franchisee Shareholders | 95 |
| I. | Belmont Guarantee of Performance for Franchisee Shareholders | 97 |
| J. | Belmont Mufflers Audited Financial Statements for 2005, 2006, and 2007 | 100 |
| K. | Richard McDonald Audited Financial Statements for 2005, 2006, and 2007 | 130 |
| L. | CTF International Audited Financial Statements for 2005, 2006, and 2007 | 145 |
| M. | CTF International Guarantee of Performance | 175 |
| N. | Receipt | 176 |