What happens if a 'TBD' search area is designated in Exhibit A for a Face Foundrie location?

According to Face Foundrie's 2025 Franchise Disclosure Document, if a 'TBD' (to be determined) search area is designated in Paragraph 2 of Exhibit A of the Area Development Agreement, the Area Developer authorizes Face Foundrie to designate the Development Area and complete Exhibit A after the agreement is executed, pending Face Foundrie's approval of the Area Developer's proposed territory. Until Face Foundrie designates a Development Area, the Area Developer will not have any rights to a protected territory.

This means that the specific location for the Face Foundrie Facial Bar is not finalized at the time of signing the Area Development Agreement. The Area Developer gives Face Foundrie the authority to determine the Development Area later, subject to Face Foundrie's approval of the territory proposed by the Area Developer. The Area Developer will not have a protected territory until Face Foundrie officially designates the Development Area.

This arrangement carries some risk for the Area Developer, as the final location and protected territory are not guaranteed upfront. The Area Developer needs to propose a territory that is acceptable to Face Foundrie. It is important for the Area Developer to conduct thorough market research and due diligence to identify a suitable territory and present a strong case for its approval by Face Foundrie. The success of the Face Foundrie Facial Bar will depend heavily on securing a favorable location and protected territory.