Does the Beem Light Sauna Disclosure Document include a Development Agreement as an exhibit?

Yes, the 2025 Beem Light Sauna Franchise Disclosure Document includes a Development Agreement as an exhibit. Specifically, Exhibit B to the Franchise Disclosure Document is the Development Agreement, which is attached to the FDD.

A Development Agreement grants a franchisee the right to open multiple Beem Light Sauna studios within a specific area. This differs from a standard franchise agreement, which typically covers a single location. Franchisees who sign a Development Agreement must sign the current Franchise Agreement for each studio they develop.

According to the FDD, if a franchisee fails to open and operate the required number of studios in the designated development area, Beem Light Sauna has the right to terminate the Development Agreement. If this occurs, the franchisee will lose their rights to develop the area and forfeit any unapplied balance of the development fee. However, the Franchise Agreement for any studios already opened will not be terminated solely due to the termination of the Development Agreement.