According to 360 Painting's 2025 Franchise Disclosure Document, an asterisk next to a franchisee's name in Exhibit E indicates that the franchisee had signed a franchise agreement but had not yet opened their outlet as of December 31, 2024. The document clarifies that some of these signed but not yet opened locations may not have a street address of business yet, and in such cases, the city of the territory is provided instead.

For a prospective 360 Painting franchisee, this information is useful for understanding the current status of other franchisees within the system. It distinguishes between franchisees who are actively operating their businesses and those who are still in the pre-opening phase. This distinction can be important when evaluating the overall health and growth of the 360 Painting franchise system.

It's worth noting that Exhibit E lists current franchisees as of December 31, 2024. Therefore, the asterisk reflects the status of the franchisee at that specific point in time. A franchisee listed with an asterisk may have subsequently opened their outlet after that date. This information helps potential franchisees understand the growth and development stage of the 360 Painting franchise system.