On what date does the Development Agreement for Basecamp Fitness expire, assuming it is not terminated earlier?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the Development Agreement's term and all rights granted to the franchisee will expire on the date the franchisee signs the Franchise Agreement for the last Basecamp Studio scheduled to open under the Development Schedule. This expiration is contingent upon the agreement not being terminated earlier, as outlined in Section 5 of the agreement.

This means that the duration of the Development Agreement is directly tied to the franchisee's commitment to opening the agreed-upon number of Basecamp Fitness studios within the specified timeframe. The Development Schedule, detailed in the Rider to the agreement, dictates when each studio must be opened. The agreement concludes when the Franchise Agreement for the final studio in that schedule is signed.

It is important for a prospective Basecamp Fitness franchisee to carefully review the Development Schedule in the Rider to understand the implications for the agreement's term. Any delays in meeting the schedule could potentially lead to default and termination of the agreement, while adherence to the schedule ensures the full term of the development rights.

Note that the Development Agreement can be terminated earlier if the franchisee breaches any of its terms or any related Franchise Agreement. Therefore, compliance with all agreements is crucial to maintaining the development rights for the entire term.