What specific steps should a Bonchon franchisee take to determine if an individual or entity is considered a 'High-Risk Person' before providing access to Stripe Technology?

According to Bonchon's 2025 Franchise Disclosure Document, a franchisee must not provide access to Stripe Technology to any High-Risk Person. A "High-Risk Person" is defined as any individual or entity that Stripe has deemed to be of particularly high risk, as identified on the Stripe Restricted Business List. Therefore, to determine if an individual or entity is considered a 'High-Risk Person,' a Bonchon franchisee should consult the Stripe Restricted Business List.

This means that Bonchon franchisees need to proactively check the Stripe Restricted Business List before granting access to Stripe Technology to anyone. This is an ongoing responsibility, as the list may change over time. Failure to comply with this requirement could result in suspension of services, as Stripe may immediately suspend providing services and access to Stripe Technology if it believes the franchisee will violate any law or requirement.

It is important for prospective Bonchon franchisees to understand the implications of using Stripe Technology and the associated risks. Franchisees should familiarize themselves with the Stripe Restricted Business List and implement procedures to ensure compliance. This may involve regularly checking the list and maintaining records of these checks. Bonchon franchisees should also ensure they understand the criteria Stripe uses to classify individuals or entities as high-risk, to better assess potential risks and prevent violations.

By adhering to these guidelines, Bonchon franchisees can mitigate the risk of violating export control laws and maintain access to Stripe Technology for their business operations. This proactive approach is essential for ensuring the long-term stability and compliance of their Bonchon franchise.