Table of Contents

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 Non-Compete Agreement for Outlet Managers 93
H. Belmont Non-Compete 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

Conclusion