Under the Exit franchise agreement, which section covers site selection and lease obligations?

According to Exit's 2025 Franchise Disclosure Document, the franchisee's obligations for site selection and lease arrangements are detailed in Section 3 of the Franchise Agreement, as referenced in Item 9 of the FDD. Item 9 outlines various franchisee obligations and cross-references the corresponding sections within the Franchise Agreement and relevant items within the Disclosure Document.

Specifically, the table within Item 9 lists 'Site Selection and Lease' as obligation 'a' and indicates that it is covered in Section 3 of the Franchise Agreement and Item 11 of the Disclosure Document. This means that prospective Exit franchisees can find information regarding their responsibilities for selecting a site for their Exit Realty office and the lease obligations associated with that site in these sections.

Item 11 further elaborates on the site selection process, stating that franchisees must select their office site subject to Exit Realty Upper Midwest's review and consent. While Exit Realty Upper Midwest may consult on site selection, the franchisee is ultimately responsible for securing an acceptable site. The franchisor considers factors such as competition, market analysis, proximity to other real estate offices, building suitability, traffic, and the nature of adjacent businesses when evaluating a proposed site. The office site must also be within the franchisee's protected territory.