Does the Bft Franchise Agreement include exhibits related to ownership interests?

According to the 2025 FDD, the Bft Franchise Agreement, included as Exhibit A, does not explicitly list an exhibit that is solely related to ownership interests. However, Item 23 discusses the transfer of ownership interests and the obligations of former owners, stating that if an owner of the Franchisee ceases to be an owner for any reason, they must comply with the non-compete and non-solicitation provisions as if the agreement was terminated on the date they ceased to be an owner.

This implies that while there isn't a dedicated exhibit detailing ownership interests, the Franchise Agreement itself addresses certain aspects of ownership changes, particularly concerning non-compete and non-solicitation obligations. These clauses are designed to protect Bft's interests by preventing former owners from engaging in activities that could harm the franchise system after they leave.

Prospective franchisees should carefully review Section 13.1.B, as it outlines the restrictions placed on former owners, including prohibitions on franchising activities and engaging with competing businesses within specified timeframes and geographic areas. Understanding these obligations is crucial for anyone considering investing in a Bft franchise, as it affects the potential exit strategies and future business activities of the franchisee and any owners involved.

To gain a comprehensive understanding, a prospective franchisee should ask Bft for clarification on all documentation related to ownership interests, including any internal policies or guidelines that supplement the Franchise Agreement. It would be prudent to consult with a legal professional to fully understand the implications of these clauses and how they might affect individual circumstances.