Module 1 — What HiON is

Section 1 · Tier 1 — The 60-second brief

HiON Franchise Group is the world’s first Supercharger franchise operating on the Tesla network. The legal entity is HFG Holdings, LLC, dba HiON Franchise Group. It is an operator-light infrastructure business that lets multi-unit operators and commercial property owners participate in the buildout of the next American fueling network.

1. Two products. A franchise for operators (~$550K per site, 10-location development agreement, year-one target of 5 sites under development) and a host program for property owners (zero capital from the host; HiON brings financing, design, and operations; host brings the land).
2. One menu item. Electricity, delivered through Tesla V4 Superchargers.
3. One platform. Tesla’s Supercharger network — ~36,500 ports, 52% US fast-charging market share, 99.9% uptime.
4. One thesis. The US has ~70,000 DC fast-charging ports today. NREL estimates ~182,000 are needed by 2030. HiON targets 4,000 — about 3.6% of the buildout.
5. The role split. Tesla manufactures and operates the station (software, billing, monitoring, driver app). HiON is the franchisor and operations partner. The franchisee funds capex and opex and runs day-to-day. The Site Host contributes land. Drivers pay through the Tesla app.
6. The Tesla position. Jim Frank, CEO, is one of approximately four third-party operators in Tesla’s Canvas Program for third-party Supercharger ownership and operation; HiON joined at the program’s earliest stage.
7. Operator-light. 0–1 employees per site. Tesla software runs the station. The franchisee owns site-area maintenance outside the cabinet (snow, trash, lighting, striping, bollards) and the Designated Business Manager role.
8. The historical anchor. “In 1905, someone built the first gas station. The biggest opportunity of the 21st century is building its replacement.”

What you must be able to say without notes: the entity, the two products, the menu (electricity), the platform (Tesla Supercharger network with its three publicly disclosed numbers), the buildout thesis (the NREL 112K-port gap and HiON’s 4,000-port target), and the Canvas Program position (one of approximately four — never “exclusive,” never “dominant”).

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Section 2 · Tier 2 — Source map

Canonical documents

Document	Path	When to open
Master context brief	~/HiON Franchise Group Site v2/hion-context.md	Any time the brief disagrees with memory — the brief wins. Sections 1, 2, 5, 7 are load-bearing for M01.
Public copy	~/HiON Franchise Group Site v2/site-v3/COPY.md	Before quoting any sentence externally — pull verbatim, never paraphrase.
Brand guidelines	~/HiON Franchise Group Site v2/brand-guidelines/index.html	Before approving any visual asset or writing in HiON’s voice.
Investment deck (confidential)	~/HiON Franchise Group Site v2/HiON-Investment Deck 4.6.26 (CONFIDENTIAL).pdf	Investor 1:1s and confidential decks only. Full internal-only unit economics live in M06.
FDD	(not yet in repo) [CONFIRM]	Any conversation about the legal grant of rights, registered states, or fees. Owner: Kevin Hein.

Live dashboards / portals

Surface	Purpose	Owner / [CONFIRM]
Partner Portal	Authoritative system of record for franchisee operations	[CONFIRM — URL and admin owner]
hionev.com	Public-facing site (V3 deployed at hion-v3.vercel.app during the redesign)	Will Frank

Owners

Person	Role	What they own for M01 questions
Jim Frank	Co-Founder & CEO	The Tesla relationship; the Canvas Program account; the strategic thesis
Bill O’Connor	Co-Founder & CFO	Entity structure (HFG Holdings, LLC); capital stack; financial-statement claims
Joe Lewis	COO	Franchising mechanics; the development-agreement structure; the franchisee acquisition motion
Kevin Hein	Outside General Counsel (Akerman LLP)	FDD; regulated-state posture; any compliance-redlined phrasing question
Will Frank	Marketing / IR / Web	Public-facing materials; the brand voice; the canonical copy at site-v3/COPY.md

External references

• NREL DC fast-charging analysis — source for the ~182,000-port 2030 estimate. [CONFIRM — specific report title and year]
• Tesla Supercharger publicly disclosed metrics — ~36,500 ports, 52% market share, 99.9% uptime. [CONFIRM — Tesla source citation for each metric]
• US gas pump count (~1.5M) — used as scale comparison. [CONFIRM — original source]

Related curriculum modules

• M02 · The market — the numbers behind the thesis (network comparison table, EV adoption curve).
• M03 · The Tesla relationship — Canvas Program in depth, NACS, V4, the Magic Dock.
• M04 · The Franchise product — the full unit-investment walk.
• M05 · The Host product — the zero-capital model + ancillary revenue policy + cap-rate effect.
• M06 · Unit economics — the internal-only EBITDA / payback / ROI figures referenced once in §3 of this module.
• M09 · Legal, compliance, and brand — the full Akerman redline table that governs every public phrasing of what HiON is.

Franchisee curriculum overlap

• [M01 · HION · SYSTEM · AND · ROLE · SPLIT](https://training.hionsuperchargers.com/curriculum/m01-hion-system-and-role-split/) — operator-grade version of the role split. Useful when an executive wants to see how the same content is presented to franchisees.

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Section 3 · Tier 3 — Deep dive

3.1 — The entity and what we sell

HiON Franchise Group is the dba of HFG Holdings, LLC (hion-context.md §1). The business operates under a Franchise Disclosure Document and is registered or exempt in the states that require it (full list of regulated states in M09). HFG Holdings is the franchisor. It does not own EV Charging Equipment, it does not own the Tesla Supercharger network, and it does not employ the drivers, the franchisees, or the Site Hosts. It owns the franchise system, the brand, the operations support apparatus, and the agreement with Tesla under which the system is built.

The two products produced by the business — the Franchise and the Host program — both result in HiON EV Facilities: physical sites with Tesla V4 Supercharger equipment, branded under the HiON system, integrated into the Tesla Supercharger network, operated under the operating split detailed in §3.6.

3.2 — The Franchise product in one paragraph

Sold to multi-unit operators. Per-location initial investment ~$550K, broken down as $400K site dev / equipment / construction, $100K permits / taxes / operating costs, $50K franchise fee (hion-context.md §2). The development agreement structure is 10 locations over 3 years with a year-one target of 5 sites selected and under development. Royalty stack: $0.05/kWh royalty + $0.01/kWh technology contribution. Marketing fund: none required initially. Term: 10 years with two 5-year renewal options. Staffing standard: 0–1 on-site employees. Full mechanics in M04; internal-only unit economics in M06.

3.3 — The Host program in one paragraph

Sold to commercial property owners. Host contributes $0 capital and signs a long-term site agreement; HiON brings design, utility engagement, full build financing, V4 equipment, 24/7 operations, billing (hion-context.md §2). Typical timeline 9–14 months signed-to-live, with utility interconnection as the long pole. Ancillary businesses on the site (QSR, hotel, coffee, convenience, car wash, retail, hospitality) are independent of the HiON franchise — HiON does not collect royalties on ancillary revenue. The Akerman-compliant phrasing for this fact is verbatim: “Any ancillary business operated on your site is independent of the HiON franchise; HiON does not collect royalties on ancillary revenue.” Do not say “100% of profit.” Full mechanics in M05.

3.4 — The thesis in one paragraph

The US has ~70,000 DC fast-charging ports today (hion-context.md §3 public-safe set). NREL estimates ~182,000 are needed by 2030, which is a ~112,000-port buildout gap over five years. For scale: ~1.5 million gas pumps exist in the US. HiON targets 4,000 ports — about 3.6% of the buildout need. Tesla operates ~36,500 Supercharger ports today (52% of the US fast-charging market) at 99.9% uptime. The other major networks combined run smaller, lower-share, and materially lower-uptime fleets (full table in M02). The buildout is structurally constrained by utility-grid reservations and prime-site availability — both of which are durable assets that move from “available” to “unavailable” as early operators lock them in. The first-mover window is measured in months, not years.

3.5 — Operator-light: what makes the model work

Five structural features compound (hion-context.md §2):

• Recurring revenue. Demand is tied to the installed EV base, not to discretionary spending. EV miles driven do not collapse in a recession.
• No inventory. Electricity is delivered, not stocked. Working-capital intensity is near zero.
• Operator-light. Tesla software runs the station. The franchisee’s on-site presence is 0–1 employees plus a Designated Business Manager whose primary job is supervision, not staffing.
• Capacity moat. Utility-grid reservations and prime sites are not commoditized inputs. Each one HiON locks in is one fewer available to a late mover.
• First-mover window. The 112K-port gap will not stay open for a decade. The window in which Canvas Program partners can secure prime sites is measured in months.

The five together are why the model is sometimes described to investors as the closest analog in modern fueling infrastructure to the original gas-station buildout — a one-time, capacity-constrained, recurring-revenue category.

3.6 — The role split (top-down)

The most-misunderstood part of what HiON is. Four parties, each with a distinct lane (hion-context.md §§2, 4; franchisee curriculum M01 for the operator-grade version):

• Tesla. Manufactures the EV Charging Equipment. Operates the Tesla Supercharger network. Owns the driver app (find / approach / arrive / connect / charge / finish). Processes payments. Operates remote monitoring of the equipment. Does not appear in the franchisee’s day-to-day; HiON is the single point of contact.
• HiON Franchise Group. Franchisor. Licenses the system to franchisees. Supplies and maintains equipment under the Master Services Agreement. Owns the brand. Operates the support apparatus (Partner Portal, NOC hotline, FBC, marketing review queue). Holds the Canvas Program relationship with Tesla.
• Franchisee (Owner + Designated Business Manager). Funds capex and opex. Acts as general contractor of record during the build. Runs the site day-to-day. Owns site-area maintenance outside the cabinet (snow with a 2-hour clearing trigger, trash, lighting on a 5-business-day repair clock, bollards, striping). Funds the Sinking Fund. Hires and supervises staff. Manages the Site Host relationship. Escalates faults through the right channel but never opens cabinets or resets equipment.
• Site Host. Provides land under a long-term lease or license. Receives rent (Franchise product) or a site fee per the Host program structure. Does not put capital in. Does not employ anyone on the HiON system. Does not get a uptime guarantee, a revenue guarantee, exclusivity, or discounted charging — any of which the franchisee is contractually prohibited from offering on HiON’s behalf.

The first thing every counterparty gets wrong is this split. Site Hosts assume they are paying for the equipment. Lenders assume the franchisee owns the cabinets and can collateralize them. Employees assume they can call Tesla when a post goes dark. Drivers assume the people in the HiON-branded shirts work for Tesla. The executive’s job is to catch the wrong assumption in the sentence it appears.

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Section 4 · The numbers

All numbers in M01 are public-safe. Internal-only figures live in M06.

Metric	Value	Source
Initial investment per location (Franchise)	~$550K	hion-context.md §2
Site dev / equip / construction	~$400K	hion-context.md §2
Permits / taxes / operating costs	~$100K	hion-context.md §2
Franchise fee per location	$50K	hion-context.md §2
Development agreement	10 locations / 3 years	hion-context.md §2
Year-one DA target	5 sites under development	hion-context.md §2
Royalty	$0.05/kWh	hion-context.md §2
Technology contribution	$0.01/kWh	hion-context.md §2
Term	10 years	hion-context.md §2
Renewals	Two 5-year options	hion-context.md §2
Staffing standard	0–1 on-site employees	hion-context.md §2
Host capital contribution	$0	hion-context.md §2
Typical Host signed-to-live timeline	9–14 months	hion-context.md §2
US DC fast-charging ports today	~70,000	hion-context.md §3
US DC fast-charging ports needed by 2030 (NREL)	~182,000	hion-context.md §3 [CONFIRM — NREL report citation]
Buildout gap	~112,000 ports	derived
US gas pumps (scale comparison)	~1.5 million	hion-context.md §3 [CONFIRM source]
HiON port target	4,000 (~3.6% of need)	hion-context.md §3
Tesla US fast-charging market share	52%	hion-context.md §3
Tesla US Supercharger ports	~36,500	hion-context.md §3
Tesla network uptime	99.9%	hion-context.md §3
Companies in Tesla Canvas Program	approximately four (HiON is one)	hion-context.md §4 [CONFIRM — primary Tesla source]

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Section 5 · Why this matters

The 60-second account is the most-spoken sentence at the company. It is delivered in cold pitches, in board meetings, in journalist calls, in chance airport conversations, in capital-partner intros, in family dinners. Every word in the public-facing version has been compliance-reviewed by Kevin Hein at Akerman LLP. Drift in any direction creates a problem: “passive income business” triggers the Akerman redline (Section 7 of the master brief). “We’re disrupting charging” is a brand-voice violation (no franchise clichés; no hype words). “We have an exclusive Tesla deal” overstates the Canvas Program and creates real legal exposure.

The Acknowledged Elephant: M01 is the most “marketing” of the ten modules, and an executive might assume the marketing line is below their pay grade. It is not. The marketing line is the legally exposed line. The sentences the website is allowed to say are the same sentences the CEO is allowed to say, and an executive who improvises around the compliance rails — even in private — eventually puts a non-compliant sentence in front of an audience where it counts. Knowing the 60-second account cold, including its precise phrasings and its precise omissions, is what separates a credible HiON executive from one who creates rework for outside counsel.

Every later module in this curriculum assumes the reader can deliver M01 from memory. If that ability is fuzzy, every subsequent claim — the unit economics in M06, the Tesla relationship in M03, the FDD posture in M09 — is fuzzy by composition.

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Section 6 · Decision scenarios

Scenario 1 — The Site Host who asks “you guys own the chargers, right?”

A property-owner prospect has been emailing Will after a referral from Steve Wazny. On a Tuesday call, the prospect says: “So you guys own the chargers, right? I just provide the land?” The conversation is on speaker; the prospect’s CFO is also on the line.

What does the executive say?

The wrong answer is “yes” — even shortened to “we handle the equipment side.” That conflates the role split. The right answer leads with the manufacturer fact and the operator-light role:

“Tesla manufactures the equipment and operates the network — the software, the billing, the driver app. HiON is the franchisor and operations partner. Under the host program, you provide the land under a long-term site agreement, and we bring the design, the financing, the V4 equipment, and 24/7 operations. You don’t put capital in.”

Cited basis: hion-context.md §§1, 2, 4. This is also the structural pitch that survives the prospect’s CFO opening the lease 10 weeks later and finding a Tesla equipment provision they didn’t expect.

Scenario 2 — The journalist drafting the “most dominant” quote

A regional business journalist working on a piece about EV charging emails Jim asking for a quote confirming that HiON is “Tesla’s most dominant franchise partner.”

What does the executive say?

The wrong answer is to agree, to soften (“we’re certainly among the most established”), or to redirect (“you’d have to ask Tesla”). All three either echo or fail to correct a redlined framing.

The right answer uses the Akerman-compliant phrasing verbatim:

“HiON is one of approximately four companies in the US participating in Tesla’s Canvas Program for third-party Supercharger ownership and operation. We joined at the program’s earliest stage.”

Why: “dominant” overstates. The Canvas Program is not structured as a ranked partnership. “Approximately four” is the verifiable claim. The “earliest stage” qualifier captures the actual differentiation without overclaiming. Cited basis: hion-context.md §4; M09 (the full redline table).

Scenario 3 — The new exec hire conflating sites with ports

A new VP of Business Development is on her first LP call. She says: “We’re planning to be at 4,000 sites in 5 years.”

Where did this go wrong?

Two compounding errors. First: HiON targets 4,000 ports, not sites. A typical site has 4–12 stalls, so 4,000 ports is on the order of 400–800 sites — a 5–10x error. Second: “in 5 years” is an invented time horizon. The published HiON target is anchored to the NREL 2030 buildout, not to a 5-year company plan.

What the executive should have said:

“HiON targets 4,000 ports — about 3.6% of the NREL-estimated ~112,000-port buildout gap by 2030. The development agreement structure is 10 locations over 3 years per franchisee, with a year-one target of 5 sites selected and under development.”

Cited basis: hion-context.md §§2, 3. Time horizons attach to documented planning. Round numbers in an LP conversation are remembered.

Scenario 4 — The franchisee candidate asking “is this passive income?”

A franchisee candidate at the discovery stage asks Joe Lewis: “Is this passive income? My current operations partner runs my Buffalo Wild Wings; could I do something similar here?”

What does the executive say?

The wrong answer is “yes, mostly passive” or “yes, with a manager you can be fairly hands-off.” Both phrase-match what Akerman explicitly redlined out of the public copy (“semi-passive autonomous business” → “operator-light infrastructure business”).

The right answer:

“It’s operator-light — 0 to 1 on-site employees because Tesla software runs the station — but you’re the general contractor of record during the build, and you own day-to-day operations after launch. There’s a Designated Business Manager role that has to be filled, and the DBM has a full-time-and-best-efforts obligation under the Franchise Agreement. Operators who have run multi-unit restaurant brands typically delegate the DBM role; they don’t eliminate it.”

Cited basis: hion-context.md §7 (Akerman redline); franchisee curriculum M01 on the role split; M09 of this curriculum for the full “don’t say / say instead” table.

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Section 7 · Common executive blind spots

1. Conflating “HiON owns the chargers” with “HiON is the franchisor.” Consequence: Site Host confusion → lease negotiations break in week 13 when host counsel reads the Collateral Assignment of Lease and learns the franchisee actually puts the capital in. Prevention: lead every “what is HiON” answer with the role split. Equipment is Tesla. Franchise is HiON. Capital is the franchisee (Franchise product) or HiON-financed (Host product) depending on which product is being discussed.

2. Overstating the Canvas Program position. Consequence: “exclusive,” “dominant,” “Tesla’s only” — each one overstates a program that is structured around approximately four participants and creates a correction obligation later that lands in the press cycle. Prevention: use the Akerman phrasing verbatim — “approximately four companies in the US participating in Tesla’s Canvas Program.” When pressed, “we joined at the earliest stage” is the qualifier.

3. Drifting into hype words when describing the thesis. Consequence: triggers the brand-voice rails (no “revolutionary,” no “cutting-edge,” no “disruptive,” no “game-changing”); weakens credibility with sophisticated investors who hear adjective stacking as the sign of a weak thesis; buries the strongest HiON line (1905 gas station) under filler. Prevention: state numbers, anchor to the 1905 parallel. Two facts. No adjectives. The reader fills in the implication.

4. Quoting payback or EBITDA in a public conversation. Consequence: Akerman redline violation; FDD Item 19 financial-performance-representation exposure; the kind of error that lives forever in a screenshot. Prevention: any unit economics conversation that crosses into a journalist, public-event, or non-NDA capital partner audience uses the omit-and-redirect pattern detailed in M06. Internal-only numbers stay in confidential decks and 1:1s.

5. Framing the Host program as “rent + a kicker.” Consequence: undersells the operator-light operations + the long-term agreement structure + (on the Host page only) the cap-rate effect example. The property-enhancement framing — which is the framing that closes property owners — is lost. Prevention: lead with the zero-capital fact + 9–14 month signed-to-live + Tesla operations + the Host-page-only cap-rate phrasing where the audience and context support it.

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Section 8 · Self-check

Pass threshold (self-imposed): 80%. Miss-anchor links in the answer key direct the reader back to the relevant Tier 3 sub-section.

1. What is the legal entity name and dba?
2. What are HiON’s two products, and what is the per-location initial investment for each?
3. What is the development agreement structure (sites / years) and the year-one DA target?
4. What is the royalty structure ($/kWh) and the term + renewals?
5. How many DC fast-charging ports exist in the US today (public-safe figure), and how many does NREL say are needed by 2030?
6. What is HiON’s port target and what percentage of the buildout need does it represent?
7. What is Tesla’s US fast-charging market share and network uptime (the two public-safe Tesla numbers)?
8. How many companies are in Tesla’s Canvas Program, and what is the exact phrasing the executive uses to describe HiON’s position in it?
9. Identify the Akerman-redlined phrasing error and correct it: “HiON is a passive-income business that operates as Tesla’s exclusive franchise partner, delivering Tesla’s most dominant fast-charging network with 40%+ EBITDA margins.”
10. Scenario. A LinkedIn message lands in Will’s inbox from a writer at a national business outlet who says she’s profiling “passive infrastructure businesses for the new American economy.” She asks for a 15-minute call with Jim. Walk the routing — what’s the first phrasing problem to address in her framing, who reviews any draft response, and what’s the version of “what HiON is” that’s safe to deliver in a 15-minute on-record call?

Answer key

1. HFG Holdings, LLC, dba HiON Franchise Group. (§3.1)
2. Franchise (~$550K per location) for operators, and Host program ($0 capital from the host) for commercial property owners. (§§3.2, 3.3)
3. 10 locations over 3 years; year-one target 5 sites selected and under development. (§3.2)
4. $0.05/kWh royalty + $0.01/kWh technology contribution; 10 years + two 5-year renewals. (§3.2)
5. ~70,000 today; ~182,000 by 2030. (§3.4)
6. 4,000 ports; ~3.6% of the ~112,000-port buildout gap. (§3.4)
7. 52% market share; 99.9% uptime. (§3.4)
8. Approximately four companies. Exact phrasing: “HiON is one of approximately four companies in the US participating in Tesla’s Canvas Program for third-party Supercharger ownership and operation.” (§3.6; M09 redline)
9. Four redlined phrases. Correct version: “HiON is an operator-light infrastructure business that operates on the Tesla network. HiON is one of approximately four companies in the US participating in Tesla’s Canvas Program for third-party Supercharger ownership and operation. Tesla operates the most established EV charging network in the United States.” — and the EBITDA claim is omitted entirely from any public-facing context. (§7 blind spots 2, 3, 4; full redline table in M09; internal-only EBITDA figures in M06)
10. First phrasing problem: “passive infrastructure businesses” — that frame is the exact category Akerman redlined out of HiON’s positioning. Any response that doesn’t correct it before agreeing to a call concedes the frame. Reviewer: Kevin Hein at Akerman for the response language; Jim for the strategic decision on whether to take the call at all. Safe 15-minute version of “what HiON is” on record: the eight bullets in Tier 1 above, with the operator-light correction delivered explicitly, no EBITDA/payback/ROI numbers, the Canvas Program phrasing verbatim, and the 1905 gas station anchor as the closing line.

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Section 9 · Cross-references

Other exec curriculum modules

• M02 · The market — the numbers behind the thesis (full network comparison; EV adoption curve; the 1905 anchor in context).
• M03 · The Tesla relationship — Canvas Program in depth; NACS adoption; Magic Dock; V4 specs; pre-construction “Coming Soon” phrasing.
• M04 · The Franchise product — full unit-investment walk; the development agreement; the royalty stack defended line-by-line.
• M05 · The Host product — zero-capital model; ancillary revenue policy; cap-rate effect (host-page-only); host underwriting.
• M06 · Unit economics — internal-only Year-3 / Year-4 EBITDA, payback, ROI, portfolio math.
• M09 · Legal, compliance, and brand — full Akerman “don’t say / say instead” table; FDD basics; 15 regulated states; voice playbook in operational form.
• M10 · Team, capital, and IR — full principal bios; capital stack; investor narrative arc.

External documents

• ~/HiON Franchise Group Site v2/hion-context.md (§§1, 2, 3, 4, 5, 7 — all load-bearing for M01)
• ~/HiON Franchise Group Site v2/site-v3/COPY.md (canonical compliance-redlined public copy)
• ~/HiON Franchise Group Site v2/brand-guidelines/index.html (voice and identity)
• ~/HiON Franchise Group Site v2/HiON-Investment Deck 4.6.26 (CONFIDENTIAL).pdf (internal investor context)
• Franchise Disclosure Document — Items 1, 2, 5, 7 [CONFIRM — current FDD]
• NREL DC fast-charging buildout analysis [CONFIRM — specific report citation]
• Tesla Supercharger publicly disclosed metrics [CONFIRM — Tesla source for each metric]

Franchisee curriculum overlap

• [M01 · HION · SYSTEM · AND · ROLE · SPLIT](https://training.hionsuperchargers.com/curriculum/m01-hion-system-and-role-split/) — operator-grade version of the role split. An executive who needs to know how this content is delivered to franchisees in classroom should skim this module.

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Section 10 · Source verification log

Claim	Current source	Primary source needed	Status	Owner
~182,000 ports needed by 2030	hion-context.md §3 (cites NREL)	NREL report title + year + table reference	unverified	Will / Jim
~1.5M US gas pumps	hion-context.md §3	EIA, API, or NACS statistical bulletin (primary source TBD)	unverified	Will
Tesla ~36,500 US Supercharger ports	hion-context.md §3	Tesla press release or investor disclosure	unverified	Jim
Tesla 52% US fast-charging market share	hion-context.md §3	Tesla / third-party EV charging market report	unverified	Jim
Tesla 99.9% network uptime	hion-context.md §3	Tesla disclosure	unverified	Jim
”approximately four companies in Canvas Program”	hion-context.md §4	Tesla Canvas Program documentation or Jim’s executed Canvas agreement	unverified	Jim
FDD Items 1, 2, 5, 7 referenced for entity / fees / initial investment	secondary (hion-context.md)	current FDD on file	unverified	Kevin Hein / Bill
Partner Portal URL + admin owner	source map entry incomplete	Joe Lewis or operations lead	open	Joe Lewis
10-location DA / 3-year structure	hion-context.md §2	current FDD + DA template	unverified	Joe Lewis / Kevin Hein

The consolidated log across all modules lives at reference/Source-Verification-Log.md once that file is initialized in Phase 3.

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Section 11 · Change log

Version	Date	Author	Changes
v0.1	2026-05-20	Claude	Initial draft. Proof-of-concept for the exec module format. Awaiting principal review before M02 begins.