Table of Contents

ItemPage
1.The Franchisor and any Parents, Predecessors, and Affiliates1
2.Business Experience3
3.Litigation4
4.Bankruptcy6
5.Initial Fees7
6.Other Fees10
7.Estimated Initial Investment11
8.Restrictions on Sources of Products and Services12
9.Franchisee’s Obligations15
10.Financing17
20.Franchisor’s Assistance, Advertising, Computer Systems, and Training19
21.Territory25
22.Trademarks27
23.Patents, Copyrights, and Proprietary Information29
24.Obligation to Participate in the Actual Operation of the Franchise Business30
25.Restrictions on What the Franchisee May Sell32
26.Renewal, Termination, Transfer, and Dispute Resolution36
27.Public Figures40
28.Financial Performance Representations40
29.Outlets and Franchisee Information44
30.Financial Statements47
31.Contracts52
32.Receipts54
Exhibits
A.Belmont Franchise Agreement55
B.Belmont Lease of Premises70
C.USA Credit Corp. Equipment Lease75
D.Belmont Equipment Purchase Note77
E.Belmont Initial Fee Loan Agreement80
F.Belmont Operating Manual Table of Contents83
G.Belmont Confidentiality and Noncompete Agreement for Outlet Managers93
H.Belmont Noncompete Agreement for Franchisee Shareholders95
I.Belmont Guarantee of Performance for Franchisee Shareholders97
J.Belmont Mufflers Audited Financial Statements for 2005, 2006, and 2007100
K.Richard McDonald Audited Financial Statements for 2005, 2006, and 2007130
L.CTF International Audited Financial Statements for 2005, 2006, and 2007145
M.CTF International Guarantee of Performance175
N.Receipt176

Conclusion