Okla. Stat. tit. 71, § 71-808

A. It shall be unlawful and shall be deemed a Class C2 felony

offense for any person to offer or sell any business opportunity

required to be registered pursuant to the Oklahoma Business

Opportunity Sales Act unless a written disclosure document as filed

pursuant to Section 807 of this title is delivered to each purchaser

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at least ten (10) business days prior to the execution by a

purchaser of any contract or agreement imposing a binding legal

obligation on the purchaser or the payment by a purchaser of any

consideration in connection with the offer or sale of the business

opportunity.

B. The disclosure document shall have a cover sheet which is

entitled, in at least ten-point bold type, "DISCLOSURE REQUIRED BY

THE STATE OF OKLAHOMA". Under the title shall appear the statement

in at least ten-point type that "THE REGISTRATION OF THIS BUSINESS

OPPORTUNITY DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR

ENDORSEMENT BY THE STATE OF OKLAHOMA. THE INFORMATION CONTAINED IN

THIS DISCLOSURE DOCUMENT HAS NOT BEEN VERIFIED BY THIS STATE. IF

YOU HAVE ANY QUESTIONS OR CONCERNS ABOUT THIS INVESTMENT, SEEK

PROFESSIONAL ADVICE BEFORE YOU SIGN A CONTRACT OR MAKE ANY PAYMENT.

YOU ARE TO BE PROVIDED TEN (10) BUSINESS DAYS TO REVIEW THIS

DOCUMENT BEFORE SIGNING ANY CONTRACT OR AGREEMENT OR MAKING ANY

PAYMENT TO THE SELLER OR THE SELLER'S REPRESENTATIVE". The seller's

name and principal business address, along with the date of the

disclosure document shall also be provided on the cover sheet. No

other information shall appear on the cover sheet. The disclosure

document shall contain the following information unless the seller

uses a disclosure document as provided in Section 807 of this title:

1. The names and residential addresses of those salespersons

who will engage in the offer or sale of the business opportunity in

this state;

2. The name of the seller; whether the seller is doing business

as an individual, partnership, corporation, limited liability

company, or any other form of business entity; the names under which

the seller has done, is doing or intends to do business; and the

name of any parent or affiliated company that will engage in

business transactions with purchasers or which will take

responsibility for statements made by the seller;

3. The names, addresses and titles of the seller's officers,

directors, trustees, general managers, principal executives, agents

and any other persons charged with responsibility for the seller's

business activities relating to the sale of the business

opportunity;

4. Prior business experience of the seller relating to business

opportunities including:

a. the name, address and a description of any business

opportunity previously offered by the seller,

b. the length of time the seller has offered each such

business opportunity, and

c. the length of time the seller has conducted the

business opportunity currently being offered to the

purchaser;

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5. With respect to persons identified in paragraph 3 of

subsection B of this section:

a. a description of the persons' business experience for

the ten-year period preceding filing date of the

disclosure document. The description of business

experience shall list principal occupations and

employers, and

b. a listing of the persons' educational and professional

backgrounds, including the names of schools attended

and degrees received, and any other information that

will demonstrate sufficient knowledge and experience

to perform the services proposed;

6. Whether the seller or any person identified in paragraph 3

of subsection B of this section:

a. has been convicted of any felony, has pleaded nolo

contendere to a felony charge or has been the subject

of any criminal, civil or administrative proceedings

alleging: The violation of any business opportunity
ill demonstrate sufficient knowledge and experience

to perform the services proposed;

6. Whether the seller or any person identified in paragraph 3

of subsection B of this section:

a. has been convicted of any felony, has pleaded nolo

contendere to a felony charge or has been the subject

of any criminal, civil or administrative proceedings

alleging: The violation of any business opportunity

law, securities law, commodities law, franchise law,

fraud or deceit, embezzlement, fraudulent conversion,

restraint of trade, unfair or deceptive practices,

misappropriation of property or comparable

allegations; or

b. has filed in bankruptcy, been adjudged bankrupt, been

reorganized due to insolvency, or was an owner,

principal officer or general partner of any other

person that has so filed or was so adjudged or

reorganized during or within seven (7) years of the

date of the disclosure document;

7. The name(s) of the person(s) identified in paragraph 6 of

subsection B of this section, nature of and parties to the action or

proceeding, court or other forum, date of the institution of the

action, docket reference to the action, current status of the action

or proceeding, terms and conditions or any order or decree, the

penalties or damages assessed and terms of settlement;

8. The initial payment required, or when the exact amount

cannot be determined, a detailed estimate of the amount of the

initial payment to be made to the seller;

9. A detailed description of the actual services the seller

agrees to perform for the purchaser;

10. A detailed description of any training the seller agrees to

provide for the purchaser;

11. A detailed description of services the seller agrees to

perform in connection with the placement of equipment, products or

supplies at a location, as well as any agreement necessary in order

to locate or operate equipment, products or supplies on a premises

neither owned nor leased by the purchaser or seller;

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12. A detailed description of any license(s) or permit(s) that

will be necessary in order for the purchaser to engage in or operate

the business opportunity;

13. Any representations made by the seller to the purchaser

concerning sales or earnings that may be made from the business

opportunity, including, but not limited to:

a. the bases or assumptions for any actual, average,

projected or forecasted sales, profits, income or

earnings,

b. the total number of purchasers who, within a period of

three (3) years of the date of the disclosure

document, purchased a business opportunity involving

the product, equipment, supplies or services being

offered to the purchaser, and

c. the total number of purchasers who, within three (3)

years of the date of the disclosure document,

purchased a business opportunity involving the

product, equipment, supplies or services being offered

to the purchaser who, to the seller's knowledge, have

actually received earnings in the amount or range

specified;

14. A detailed description of the elements of a guarantee made

by a seller to a purchaser. Such description shall include, but

shall not be limited to, the duration, terms, scope, conditions and

limitations of the guarantee;

15. A statement describing any contractual restrictions,

prohibitions or limitations on the purchaser's conduct. The seller

shall attach a copy of all business opportunity and other contracts

or agreements proposed for use or in use in this state including,

without limitation, all lease agreements, option agreements and

purchase agreements;

16. The rights and obligations of the seller and the purchaser

regarding termination of the business opportunity contract or

agreement;

17. A statement accurately describing the grounds upon which

the purchaser may initiate legal action to terminate the business

opportunity contract or agreement;

18. A copy of the most recent audited financial statements of
eements and

purchase agreements;

16. The rights and obligations of the seller and the purchaser

regarding termination of the business opportunity contract or

agreement;

17. A statement accurately describing the grounds upon which

the purchaser may initiate legal action to terminate the business

opportunity contract or agreement;

18. A copy of the most recent audited financial statements of

the seller. If the seller's audited financial statements are dated

more than four (4) months prior to the filing of the disclosure

document, the seller shall submit unaudited financial statements for

the interim period;

19. A list of the states in which the business opportunity is

registered;

20. A list of the states in which the disclosure document is on

file;

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21. A list of the states which have denied, suspended or

revoked the registration of the business opportunity;

22. A section entitled "Risk Factors" containing a series of

short concise statements summarizing the principal factors which

make the business opportunity a high risk or one of a speculative

nature. Each statement shall include a cross-reference to the page

on which further information regarding that risk factor can be found

in the disclosure document; and

23. Any additional information as the Administrator may require

by rule or order.