Under what condition does the schedule in the Beard Papas Multi-Unit Development Agreement become effective?

According to the 2025 Beard Papas Franchise Disclosure Document, the Development Information Sheet, which includes the development schedule, becomes effective when it is completed and signed by the Franchisor, Muginoho International, Inc. This sheet is attached as Schedule A to the Multi-Unit Development Agreement and is incorporated into the agreement.

This means that the franchisee's obligations to open and operate Beard Papas shops according to the Development Schedule are only enforceable once the franchisor has signed the Development Information Sheet. The Development Schedule outlines the specific timeframes within which the franchisee must open new locations.

It is important for a prospective Beard Papas franchisee to ensure that this schedule is reasonable and viable, as failure to meet the development obligations outlined in the schedule can result in termination of the Multi-Unit Development Agreement. The franchisee acknowledges that failure to achieve the results described in the Development Schedule will constitute a material breach of the agreement.