If the Bhc Master Franchisee is an entity, what legend must the Master Franchisee place on all certificates evidencing an equity interest?

Based on the 2025 FDD, if the Bhc Master Franchisee is an entity, it cannot use the Marks "BHC" in its legal name. This restriction ensures that the Master Franchisee is clearly distinguished from the franchisor, Bhc, and prevents any potential confusion about the ownership and operation of the franchise. This requirement applies to the legal name of the entity, not necessarily the trade name under which the business operates. The trade name must include "BHC" along with the words "INDEPENDENTLY OWNED AND OPERATED".

This stipulation is important for maintaining brand clarity and preventing misrepresentation. By prohibiting the use of "BHC" in the Master Franchisee's legal name, Bhc aims to avoid any implication that the Master Franchisee is a direct part of the Bhc corporate structure. This distinction is crucial for legal and operational reasons, as it clarifies the independent nature of the Master Franchisee's business.

Prospective Master Franchisees should be aware of this restriction when forming their business entity. They must choose a legal name that does not include "BHC" to comply with Bhc's franchise agreement. This requirement is in place to protect the integrity of the Bhc brand and ensure that all franchisees are clearly identified as independent operators.