What is Exhibit C in the Potbelly Sandwich Works FDD related to?

According to the 2025 Potbelly Sandwich Works FDD, Exhibit C within the Potbelly Sandwich Shop Shop Development Area Agreement pertains to developer information. Specifically, the exhibit requires accurate and up-to-date details regarding the developer's ownership interests.

Potbelly Sandwich Works mandates that the developer and their owners ensure Exhibit C remains current, complete, and accurate from the effective date of the agreement. Any necessary revisions or amendments to Exhibit C must be promptly provided to Potbelly Sandwich Works. This ensures transparency and allows Potbelly Sandwich Works to maintain an accurate record of who is involved in the development of their franchise locations.

Furthermore, Potbelly Sandwich Works retains the option to require each person who is or becomes an owner, along with their spouses, to execute an agreement binding them jointly and severally to the terms of the Shop Development Area Agreement (SDAA). Unless waived by Potbelly Sandwich Works, each owner must act in their individual capacity. This stipulation reinforces the accountability and commitment of individual owners to the franchise agreement.

This requirement ensures Potbelly Sandwich Works knows who the owners are and that they are kept up to date. It also allows Potbelly Sandwich Works to have each owner agree to the terms of the SDAA.