Professional Documents
Culture Documents
Mailroom
FRANCHISE DISCLOSURE DOCUMENT 0 4 20^6
I
The fianchise is toi the development and opeiation ot an e\eicise and woikout studio using thej Puie
Bane business system
If in oui discietion we giant the right to develop multiple units the total investment necessaiy undei
the Multi-Unit Development Agicement is on a 2 to
I,
7 studio commitment but depending on the actual number of Puie Barre studios you agree to develop)
This entire amount must be paid to the franchisor or its affiliates We ciedit the estimated $40,000 to
$140,000 development fee portion, in $20,000 increments, toward the initial fianchise fee that is due as
franchise agreements are signed until the aggregate amount of these credits equals the development fee
This disclosure document summarizes certain provisions of your franchise agreement and other
information in plain English Read this disclosure document and all accompanying agreements
carefully You must receive this disclosuie document at least 14 calendai days before you sign a
binding agreement with or make any payment to, the franchisoi oi an affiliate m connection with the
pioposed fianchise sale Note, however, that no governmental agency has verified the information
contained in this document
You may wish to leceive youi disclosure document in anothei foimat that is more convenient foil you
To discuss the availability of disclosuie in different formats contact Martha Albergotti at 100 Dunbai
Street, Suite 301 Spartanbuig, South Carolina 29306 and (864) 594302- 57238023
The terms of youi contiact will govern youi fianchise lelationship Don t lely on the disclosuie I
document alone to iindeistand your contiact Read all ot youi contract(s) caiefully Show youi contract
and this disclosuie document to an advisoi like a lawyei oi an accountant j
Buying a fianchise is a complex investment The infoimation m this disclosuie document can help you
make up youi mind Moie inloimation on tianchismg such as ‘A Consumei s Guide to Buying a
Fianchise which can help you undeistand how to use this disclosuie document is available fiom the
Fedeial Tiade Commission You can contact the FTC at I-877-F fC-HELP oi by wi iting to the FTC at
600 Pennsylvania Avenue NW Washington D C 20580 You can also visit the F fC s home page at
WWW ftc gov foi additional infoimation Call youi state agency oi visit youi public libiary for othei
sources of infoimation on franchising
Theie may also be laws on fianchising in youi state Ask youi state agencies about them
1
Pun. B lilt
2013 0-12016 I DP
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1 168 001 Q0l'n212S I.VUil IS4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
STA FE COVER PAGE
Youi slate may have a lianchise law (hat lequiics a lianchisoi to legislei oi tile with a slate
fianchise administiatoi betoie olteimg oi selling m youi state REGIS IRA I JON Olj’ A
ERANCHISE BY A STATE DOES NOT MEAN 1 HAT I HE SIATE RECOMMENDS IHE
FRANCHISE OR HAS VERIFIED THE INFORMATION IN I HIS DISCLOSURE
DOCUMENT
Call the state fianchise administratoi listed in Exhibit G toi infoimation about the ITanchisoi oi
about Jianchising in your state
Please consider the following RISK FACTORS before you buy this franchise
i
1 THE FRANCHISE AGREEMENT AND MULTI-UNIT DEVELOPMENT
AGREEMENT REQUIRE YOU TO RESOLVE DISPUTES WITH US BY
ARBITRATION OR LITIGATION ONLY IN OR WITHIN 50 MILES OF OUR
WHERE OUR PRINCIPAL PLACE OF BUSINESS IS THEN LOCATED
(CURRENTLY IN SOUTH CAROLINA) OUT-OF-STATE ARBITRATION OR
LITIGATION MAY FORCE YOU TO ACCEPT A LESS FAVORABLE
SETTLEMENT FOR DISPUTES IT MAY ALSO COST YOU MORE ,TO
ARBITRATE OR LITIGATE WITH US IN OR WITHIN 50 MILES OF WHERE OUR
PRINCIPAL PLACE OF BUSINESS IS THEN LOCATED THAN IN YOUR OWN
STATE
Purt 13 im.
30 h 0^2016 rOD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00 0103-138 IVI4.3II3 4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
i '5-YOUR SPOUSE MUST CONSENT 10 YOU SIGNING A GUARANIY WHICH
PLACES YOUR SPOUSE S INTERESTS IN THE MARITAL ASSEIS AT RISK IL
YOUR FRANCHISE FAILS
I
1 6-YOU MUST COMPLY WITH MINIMUM AND MAXIMUM PRICES SET BY THE
FRANCHISOR FOR THE GOODS AND SERVICES YOU SELL THIS
REQUIREMENT MAY REDUCE YOUR ANTICIPATED REVENUE AND NEl
INCOME
The eflective dates ot this disclosure document in the states with tianchise legistiation laws in
which we have sought registration oi exemption appeal on the Following page i
Puri, R irrt
20l.> (h20lfimn
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00-l\42212-«-IVI42l n-4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
STATE EFFECTrVE DATES
I
T he lollowing stales lequiic that the Disclosuie Document be icgisteied oi filed with the state oi
be exempt horn legistiation Caliloinia llav\aii Illinois Indiana Maiyland Michigan
Minnesota New Yoik Noith Dakota Hhode Island South Dakota Viiginia Washington'and
Wisconsin
1 his disclosuie document is legisleicd on file oi exempt iiom legistiation in the following states
having fianchisc legistiation and disclosuie laws with the following effective dates- '
Minnesota Pending
Viiamia Pending
Washington Pending
Pure a irrc
20b 0^2016 rPD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001
accuracy of this information. Any 00^\122I2S-13/I421I v4 you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
action you take upon the information
[n dll othei slates llial do not icqum. le^isliation the cllcctive date ol this disclosuic document is
the issuance date ol Maichl8 2015 as amended May 7-201 oAniil I 2016
Pure Uarri.
30-l3-0.-)20l6 I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1 I6S 001 00-l\l22428 LVI4SI l■■. 4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
THE FOLLOWING \PPLY TO
TRANSACTIONS GOVERNED BY
THE MICHIGAN FRANCHISE INVESTMENT LAW ONLY
I
(b) A leqiiiicment that a Tianchisec assent to'a lelease, assignment novation waiveii oi
estoppel which depiives a tianchisee ol lights and piotections piovided m the Michigan Fianchise
Investment Act This shall not piecludc a Tianchisee aftei enleimg into a hanchise agieement fiom
settling any and all claims I
I
(c) A piovision that peimits a tianchisor to teimmate a Tianchise before the expiration of its
term except toi good cause Good cause shall include the failuie of the franchisee to comply with any
lawful provision of the fianchise agieement and to cure this failure aftei being given wiitten notice
thereof and a reasonable opportunity, which m no event need be moie than 30 days to cure this failuie
(d) A provision that peimits a franchisor to'refuse to renew a franchise without fairly
compensating the fianchisee by lepurchase or other means for the fair market value at the time of
expiration of the fianchisee’s mventoi^, supplies equipment, fixtures, and furnishings Personalized
materials which have no value to the franchisoi and inventory, supplies, equipment, fixtures, and
furnishings not leasonably required m the conduct of the franchise business are not subject to
compensation This subsection applies only if (i) the teim of the franchise is less than 5 yeais and
(ii)the fianchisee is piohibited by the tianchise oi oth'ei agreement lioni continuing to conduct
substantially the same business under anothei tiademaik, seryice mark, trade name, logotype, advertising,
Ol othei commeicial symbol in the same area subsequent to the expiration of the franchise oi the
fianchisee does not leceive at least 6 months advance notice of fianchisoi’s intent not to lenew the
fianchise
(e) A piovision that peimits the fianchisor to lefuse to lenew a fianchise on teims geneially
available to othei fianchisees ot the same class oi type under similai cncumstances This section does not
lequiie a lenewal piovision |
(I) A piovision lequirmg that aibitiation oi litigation be conducted outside this state This
shall not pieclude the tianchisee fiom enleimg into an agieement at the time ot aibitiation to conduct
arbitiation at a location outside this state
Pure B irre
This document was 2Q1-S 0->2QI6
downloaded I DD
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1 168 001Any 00
accuracy of this information. I\I22I3S
action i .vusiia
you take upon a you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
the information
(m) I Ik- unwillingness of the pioposeci tiansleice to agiee in uiiting to eoniplv with
all lawlul obligations |
(iv) I he lailiiie of the liandnsee oi pioposcd tiansleice to pav an> sums owing to the
tianchisoi oi to cine any delanit m the lianchise agiecment existing at the time ol the pioposcd
tianslei
(h) A provision that lequiies the tranehisee to lesell to the fianchisoi items that aie not
uniquely identified with the lianchisoi This subdivision does not piohibit a piovision that giants jto a
fianchisoi a light oi fiist letiisal to pin chase the assets of a Iranchisc on the same teims and conditions as
a bona fide third party willing and able to puichase those assets noi does this subdivision piohiliit a
piovision that giants the fianchisoi the light to acqiiiie the assets of a fianchise foi the maiket oi
appraised value ol such assets if the lianchisee has bleached the lawful piovisions of the fianchise
agieement and has failed to cine the bieach m the mannei piovided m subdivision (c) '
I
(i) A piovision which peimits the fianchisoi to dncctly oi indnectK convey assign oi
otheiwise transfei its obligations to fulfill contiactual obligations to the iianchisee unless piovision has
been made foi piovidmg the leqiiiied contractual sei vices
I
If the fianchisoi’s most lecent financial statements! aie unaudiled and show a net worth of Jess
than $100,000, the franchisor shall, at the lequest of a franchisee, arrange for the esciow of initial
investment and other funds paid by the franchisee until the obligations to provide real estate,
improvements, equipment, inventory, training, or othei items included m the fianchise offering aie
fulfilled At the option of the franchisoi, a surety bond may be provided in place of escrow
THE TACT THAT THERE IS A NOTICE OF THIS OFFERING ON FILE WITH THE
ATTORNEY GENERAL DOES NOT CONSTITUTE APPROVAL RECOMMENDATION, OR
ENDORSEMENT BY THE ATTORNEY GENERAL
I
Any questions legaiding this notice should be diiected to
Pure UariL
20h 0>20lfi I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001
accuracy of this information. Any00PI22.t?8 I VI40n
action you take upon 4 you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
the information
TABLE OP CONTENTS
HEM Pace
-1-
Piia Bdrre
032016 TDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
II6S001 ooi\n:!ns ivu^i i"v4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBITS
Applicable state law may requiie additional disclosuresirelated to the mfoimation contained in
this disclosure document These additional disclosuies if any, appear in Exhibit H
-11-
Piiri. Bara
201.1 0i2mr. mo
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 nOIMj-2128 Ii/I42lli4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
11 EM 1 niE FRANCHISOR AND ANY '^AREN I S PREDECESSORS
AND AFFILIATES
To simplily tins discloSLiie document we oi ‘us means PB Fianchising LLC the liancliisoi
You means the peison oi a legal entity such as a coipoiation paitneiship limited liability
company oi othei business entity who is buying the lianchisc The lianchise vou would acquiic
IS leteried to as youi Studio
Our Business
We conduct business under the name Puie Baiie Our piincipal business addiess is 100 Dunbai
Stieet, Suite 301, Spartanbuig South Caiolina 29306 We aie a Delawaie limited liability
company toimed on Septembei 20 2012 We aie a wholly owned subsidiaiy of Pure Baite LLC
(t/k/a PB Holdco, LLQ (‘ Parent ) Fianchismg undei the name Puie Bane is the only business
activity we conduct We have no piioi business activities We do not operate businesses ol the
type being tianchised but oui affiliates do
On Octobei 11 2012 (the Closing Date ), undei the'tenns of an Asset Puichase Agieement
Paieiit purchased fiom Puie Bane Franchising, LLC (‘Piedecessor ) Puie Bane IP, LLC
(‘ Predecessor’s Licensor”), Puie Barre Product, LLC (“Piedecessor’s Pioduct Affiliate ’) and. the
individual owner of each of the foregoing entities substantially all of the assets of the Puie Barre
franchise system, including all franchise agreements, trademarks, service marks and other
intellectual property that comprise the Pure Bane franchise system and the Pure Barre biand (the
‘Transaction’) As pait of the Transaction Parent leceived owneiship of the trademarks and
service marks associated with the Pure Bane brand, contributed to us all of the franchise
agicements foi the operation of fianchised Puie Barre studios and licensed us to use and
subheense the use of the trademaiks and sei vices marks associated with the Puie Barre biand' As
a lesult, we became the fianchisoi of the Pure Bane franchise system and we now offer and Isell
fianchises for the operation of Puie Bane studios We have offered franchises foi Pure Bane
studios since the Closing Date I
Our agents foi seivice of piocess and then piincipal business addiesses aie identified m
Exhibit G
Piedecessoi olfered lianchises loi Puie Bane studios from 2009 thiough the Closing Date
Piedecessoi conducted business undei its coipoiate name and undei the name ‘Puie Banc
Piedecessoi did not opeiate oi offei fianchises in any othei line of business Bcfoie the
Fiansaction Piedecessoi’s Licensoi owned the intellectual propeity associated w'lth the Puie
Bane concept including tiademaiks seivice marks commeicial symbols and logotypes which it
licensed to Piedecessoi foi Piedecessoi s use in fianchismg the Pure Bane concept Dunng
poitions of 2008 and 2009 and befoie Piedecessoi began offei mg franchises foi the Puie Bane
concept Puie Bane Licensing LLC ( Piedecessoi s Affiliate ) signed license agicements wnth 9
licensees which gianted them the right to operate Puie Bane studios Subsequently m 2009
Piedecessoi began opeiation of the fianchise system and sold fianchises lor the light to operate a
Puie Bane fianchised studio and some of the pieviously granted licensees conveited then license
Piia Bjm.
20 n 0>2()I6 I DP
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00442242 -4VI41I 14 4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
I
into d liaiichise and signed a Irandiisc agieemeni with (he Picdecebsoi 01 Ihe oiiginal licensees
one continues to opeiate its Pine Bane studio undei its oiiginal license agiecments which was
assigned by Piedecessoi s Alfiliate to Piedeccssoi betoie the liansaction and which was latei
assigned to us as pair o1 the liansaction 1 he piiJcipal business addiess toi Piedecessoi
Picdccessoi s Affiliate Piedecessoi s Pioduct Affiliate and Piedecessoi s Licensoi was 2650
ISthStieet Denvei, Coloiado 80211 j
We aie a wliolly owned subsidiaiy of Paient a Delaw'aie limited liability company Oui
affiliate PB Product, LLC a Delaware limited liabilit^y company (‘PB Pioduct ) souices and
distiibutes Puie Bane meichandisc loi sale to franchisees for lesale and directly to customeis
through the Puie Barre website and othei channels of distiibution Our affiliate PB OpCo, LLC
( PB OpCo ) a Delaware limited liabilitv company foimed on April 15 2013 opeiates Puie
Bane Studios and piovides constiuction management and development seivices m connection
with the development of the Puie Bane Studios that oui iianchisees commit to developing and
opening under a Multi-Umt Development Agreement (desciibed below) The puncipal business
address for Paient, PB Pioduct, and PB OpCo is the same as ours Parent PB Product and'PB
OpCo do not directly offer franchises in any line of business and do not otherwise conduct
businesses of the type offered to you m this disclosure document
I I
On May 1, 2015, under the terms ot a Unit Puichase Agreement, Barre tieldceMidco. LLC a
Delaware limited liability company, became the owner ot Parent The parent of Barre Midco.
LLC. IS Barre Holdco, LLC. a Delaware limited liability company, the parent of Barre Holdco.
LLC. IS CP Bane Holdings, Inc , a Delaware corporation-^ Tlhe parent of CP Baire Holdings,
Inc 5 IS FTNS Brands. LLC ttormeilv known as Fit Holdings, LLC), a Delawaie limited liabiiity
company, the parent of Fit HeldinasFTNS Brands LLp^ is Boutique Fitness Holdings, LLC, a
Delaware limited liability company, the parents of Boutique Fitness Holdings, LLC, are| (i)
Catterton Partners VII L P , a Delaware limited paifnership, (ii) Catterton Paitneis VI1 Oftshoie,
L P , an exempted limited partneiship formed under the laws ot the Cayman Islands, and (in)
Catteiton Partners VII Special Puipose L P , an exempted limited partnership foimed undei the
laws ot the Cayman Islands The principal address foi all ot the entities leteienced m this
paiagiaph is 599 West Putnam Avenue, Greenwich, Connecticut 06830 None ot the entities
desciibed m this paragiaph diiectly offers franchises m any line ot business but certain of then
affiliates ottei oi have offeied tianchises toi othei concepts as follows
The tollowmg affiliates ot oui paient ottei tianchises For othei lines of business None has evei
ooerated or offered franchises foi Pure Barre Studios '
Noodles & Company and its niedecessois have' since Mav 2003 ofteied fianchises foi
specialty ouick-service lestauiants that feature na.sta-based menu items As ot Decembei
31 2015 theie w'eie 70 fianchised Noodles & Company lestauiants in operation in the
United States
Pure llnrrc
2Q|-> 0->20l6IPD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00-1422128 1.VI4.1I 114
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Chi-ddai s Casual Cafee Inc ( Chcddai-o )-fS---d Delawaie coipuiat-ien w-iiose pi-incipal
business--add-iOSS—IS 6600-Campus Ciicle Di-i-vc G—Suite-560—b-ving—Pesas 75065
Cheddai s oneiales andhas since 1984 oUeied tianchises lull-seivice leslauiants that
opeiale undci the Cheddai s"‘ tiademaik and that olfei a vaiiel)' ol food and beveiages
including alcohol Cl-ieddai s has been opeiabng C-beddai-s-iestamants since 1979 and
granting Cheddai s iiai^hises-since 1984—Asi ol Decembei 31 2-01 12015 theie weie
6769 fianchised Cheddai s lestauiants in opeiation in the United States Gheddai s 'has
nevei- operated-ei gianted tianchises loi Pure Baire—It-also-has not granted fianchises in
any line of business othei than CheddaCs restauiants andin 2008 it sold a concept called
Fish Daddy s Gull House-P. loi which it had until that time sold bv-Cheddai s in
December 2008^tianchises
I I
Edible Blands LLC (-Edible”) is a Dela\saie limited liabibty company v\lx>se piincipal
business address is 9S-Baines-dload, Wallingford Connecticut 06d92—Edible started
opeijting units in-199-9 and—started Iranchismg units ip June-2001—Edibleandi its
predecessors have since 2001 sold tianchises |oi stores that produce dehvei letail, and
ship fruit bouquets chocolate dipped fruit, and i elated pioducts undei the name Edible
Arrangements In February 2012, Edible wa^ formed to effec^a merger vv4thj its
predecessor. Edible Arrangements Intefnational^, Inc- a Cormecticut corporation that has
been operating since June 2000 As of December 31, 3GE42015. there were -G1381.169
franchised Edible locations m the U S and Canada Edible has never operated or granted
franchises for a-Puie Barre It also has not granted franchises in any line of business other
than Edi-ble’s stoies and 70 locations in other countries
Ideal Image Development Coipoiation has, since 2004 otteied tianchises toi Ideal
Image” brand health and cosmetic treatment centers offering lemoval oi reduction of liaii
and othei cosmetic or health related sei vices, using lasei and othei technologies As of
Decembei 31 2015 theie were 17 franchised Ideal Image centeis in operation in the
United States
I’urc Bnrrc
This document was 2013 n^20lftlPP
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 OOI\I22I2S 13/14211.4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Puit Barit’s Business .ind Fianchiscs Offered
As a liancliiscc you would be m ihc business o1 opeiatilig an exeicise and w'oikoul studio w'hieh
will oftei an exeicisc piogiam that piovides a total body w'oikout by tiained instiuctois in a
dassioom setting Ihc piogiam includes techniques and methods that aie piopiietan to Pai'cnt
and elements of Pilates veeights and ballet including using a ballet bane to peiloim small
isometric movements loi a sate low'-impact woikout that stiengthens and sculpts the body
w'lthout adding bulk The franchises opeiate undei the name ‘Puie Baire and othei tiademaiks
seivice marks logos and commeicial symbols we peiiodically authoiize (the Maiks’) do
acquiie a fianchise you must entei into a Fianchisc Agieement (the Tianchise Agieement”)
which IS attached as Exhibit B to this disclosuie document The Fianchise Agieement along
with our Iranchisec policy manuals (the Manuals ) which we may modify as we see fit govjein
the development and opeiation o1 yoiii Studio
We may in our discietion otlei you the right to entei into a Multi-Unit Development Agieement
(the Multi-Unit Development Agieement ), undei which you would agiee to acqiiiie a specified
numbei of fianchises and open, accoiding to a specified schedule (the Development Schedule )
a corresponding numbei ot Puie Barre Studios, each undei a sepaiate Franchise Agieement
within a specifically desciibed geographic tenitory (the ‘Development Aiea’) The foirn of
Multi-Unit Development Agreement you would sign, it we weie to make that opportunity
available to you, is attached as Exhibit C to this disclosure document For each Pure Barre Studio
you develop, you must sign our then-current tonn of Franchise Agreement, which may, be
different than the form we were using when you signed the Multi-Unit Development Agreement
In addition, under the Multi Unit Development Agreement,- you must allow our affiliate, PB
OpCe, to develop-each-Pure Barre Studio-fbr you The-servrees pievided-by PB QpCo include
site location, construction management, and cooidinating the acquisition of tumiturerTixtures,
equipment and opening inventor)' on your behalf—PB OpGo and you will be subject to a
Developmait Seivices Agreement which is attached to|the Multi Umt Development Agreement
as Attachment C In providing the seivices under the Development Services Agreement, PB
OpCo will be your agent and will have the authority to,sign certain documents and make certain
puichases on your behalf wathm a budget that you approve
As a Iranchisee, you must maintain at all times sufficient working capital and liquidity (i e cash
and cash equivalents) to develop and opeiate yoiii Studio without inteiiuption We leseive the
light to establish minimum levels ot liquidity and woiking capital leserves and you w'llll be
lequiied to comply with these minimum lequirements ,
I
' 1
Competition i I
The geneial maiket toi exeicise studios is well-developed Oui taiget customei base is young to
middle-aged women who aie inteiested m physical fitness and incieased strength and flexibility
and aie capable ot paiticipatmg in moderate to stienuous exeicisc Youi competition w'oiuld
include the geneial physical fitness mdustiy including health clubs gymnasiums yoga and
Pilates studios and othei fitness and woikout progiams as w'ell as othei exercise studios that
mcoipoiate a ballet bane in then piogiams The maiket for oui services is yeai-iound, but it wmII
fluctuate to some degiee depending on the time of year
I’lirc lidiTL
aoi3 0>20l6rnD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00I\122I28 1.3/1411114
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Depending on the juiisdiclion (liii indusU\ edii be subject to spccillc laws legulations and
licensing leqiinements including those undei business and piolessional licenses lacihty use the
teims ot agicements with ciistomeis the teims ol agiceijnents with employees health salet)^ and
weltaie sanitation smoking access by disabled peisons liic salcty and cmeigency
picpaicdness ta\cs and Iccs and adceitisemcnts and icpicscntations to the public Ceitain stales
and local governments have laws lelating specil’ically to health and Htncss clubs such as laws
icquiiing ceitain medical equipment (such as automated external defibiillalois) be on site at the
club and lequiiing bonds to be pin chased and/oi esciows to be established to piotecl consiimeis
who prepay foi membeiships You should investigate the laws and legulations that apply in your
area, and you may want to obtain a complete copy ot voui state s and olhei applicable statutes
and legulations and discuss them with yoiii altoincy
Mr Kufel has been oui Chairman since Januaiv 2016 and Chan man and Chiet Executive Officer
for CPYF since January 2016. and he serves in these roles from Denver. Colorado Fiom April
2015 to December 2015, he was an Operating Partner tor Catterton Partners, in Greenwich.
Connecticut From August 2014 to April 2015. he was on sabbatical From April 2009 to August
2014, he was Chief Executive Officer for Van’s Natural Foods. Inc . in Phoenix. Arizona
Ms Kluz has been Chief Executive Otficei toi us. our Parent. PB Product, and PB QpCo since
lanuarv 2016 Fiom Eebiuarv 2015 to December 20!l5. she was self-emoloved as a Private
Equity Advisoi in Middletown. Pennsylvania Fiom lulv 2012 to Januaiv 2015. she was Chief
Executive Officer of BB Retail Capital in Svdnev Australia Fiom September 2006 to lulv 2012.
she was a Principal with Boston Consulting Groun in New Yoik Citv. New York Ms K1 uz
selves in her oiesent capacities in Denvei. Colorado
Ml Evans has been Chief ExecuttveOneiatim’ Otficei toi us our Paient, and-PB Pioduct fand
PB OpCo since January 2016 aftei having seived as Chief Executive Officei foi us and them
from Decembei 2012 to lanuarv 2016 Fiom August 2006 to Decembei 2012 Mi Evans was' the
Chief Financial Officei foi (ohnson Development Associates Inc, in Spaitanburg, South
Caiolina Mi Evans selves in his piesent capacities in Spartanbuig South Caiohna
Ml Wiight has been Chief Financial Officei loi us oiii Paient and-PB Product and PB OdCo
I I
since March 2013 Fiom Februaiy 2006 to Match 2013, Mi Wiight was the Directoi of Finance
foi OTO Development in Spartanbuig South Carolina Mr Wiight serves in his piesent
capacities in Spartanburg, South Caiohna
Pure Bnrre
gOl^ 0»2f)l6IDn
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 ooi\i2;n8 ivi4sm-i
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Ljinie Belilz Vice Piesidcm o( Coiuoiatc Sliaieuv
Ms Belilz has been Vice Picsident ol Coipoiate Stiategy loi us-oin—Paicnl—and PB Pioduct
since Octobei 2013 Ms Belilz seived as Scnioi Dnecloi ol Piodiicl and Rclail loi us oui
Paicnl-and P-B Plodi^el tiom May 2013 lo Otlobei 2013 Ms Belilz seived as Dnecloi, ol
Opeiations foi us oui Paie-nl, and-PB P+ediicl fioni Oclobei 2012 lo May 2013 Ms Belilz
seived as Diiecloi ot Opeiations toi Predeccssoi fiom Apiil 2010 lo Seplembei 2012 Piem 3006
to 2010, Ms—Belilz was a-pilates-insliaetoi as an independent contiacloi in Los Angeles
Califoiwa and- Denver—Cel-oi ado- -Ms Belilz serves in hei picsent capacities in Den\ci
Coloi ado
Ms Hilliard has been oui Vice Piesident ot Real Estate since lune 2013 Fiom Seplembei 2001
to tune 2013, she was Vice Piesident Regional- Leasing Dir-eeloi fei WenagarteH-R-ealt-^m
Houston, Texas
Ms Albergotti has been oui Vice President of Franchise Development since Maich 2014 From
March 2013 to March 2014, she was our Director of Franchise Development From January 2012
to March 2013, she was Business Development Coordinator for the Carolina Panthers in
Charlotte, North Carolina From April 2011 to October 2011, she was Conference Manager jtor
Aspen Meadow Resort m Aspen, Colorado From August 2008 to March 2011, she was Project
Manager, Global Business Development loi the South Carolina Department of Commeice in
Columbia South Carolina
Ms CashmanMeis has been our PHectoiVice President ot Marketing since March 2013 From
March 2011 to-Maich 2013,-she was Marketing Directot foi W-yehe, P-A—in Gieenvrtle South
Carolina Fiom Januar^'^2006-to Febn-tiar} 2011 she was Maiketmg Manager fer-CieateSpace- an
Amazon Company, in Char-leston-South-C-arolina November 2015 From Sentembei 2014 to
November 2015. she was Vice Piesident ot Markelinu 'for NatPets. LLC in Boulder. Coloiado
Before that she held the following positions with Van’s Natural Foods in Phoenix Arizona tat
Vice President of Maiketma IFebruaiv 2012 to Sentembei 20141. and fbl Diiectoi ot Maiketinu
ISentember 2010 to Februaiv 20121
Ms Shuler has been oui Director ot Operations since |lanuaiy 2015 Fiom November 2013' to
December 2014 she was a Franchise Consultant tor us Fiom lanuaiy 2014 to Octobei 2014 she
was Assistant Plannei and trom September 2011 to Decembei 2013 she was Meichandise
Assistant toi Belk, Inc , in Chailotte North Caiohna Fiom Septembci 2009 to May 2011 she
was a Buyei foi Maiy, Inc m Columbia South Carolina', i
Pure Barrc
2-&r->-Q->2ni6 I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1168 001 001\122n8 1V14211 v4
Aliev K Witbusch Direcloi ol ficnichisc ConsiiltiuLr
Ms Wiebusch has been oiii Diiectoi ol fianchise Consulting since Iaiiuaiv2015 Fiom lanuai\
2014 to Pecembei 2014 she a fianchise Consultant foi us fiom lunc 2013 to Decembei 2013
she was a Real Estate Analyst loi us and liom Febiuaiv 2013 to liine 2013 she was an iiitein loi
us Fiom August 2009 to lune 2013 she was a student in Soaitanbui» South Caiolina Fiom
June 2012 to Seotembei 2012. Ms Wiebusch was a Financial Analyst intern toi Havden Harper
Inc in Charlotte. North Carolina Fiom Mav 2011 to Octobei 2011 she was a Business
Development Manai^ei for Wild Heait Vision in Helsinki Finland i
Ms Passin has been Chiet Financial Oificer lor TfNS Brands. LLC and CPYF in Denvei
Colorado since Novembei 2015 and since that time, has also provided us with guidance^ on
certain financial practices and strategies that mav. Irom time to time impact oui tianchise
piQgram Fiom Mav 2015 to Novembei 2015. she was Chief Financial Otficei foi Pam Doctoi in
Phoenix. Aiizona From lune 2010 to Mav 2015. she was Chief Financial Officer and Chief
Opeiatinc Officei foi Van s Natural Foods. Inc in Phoenix Arizona
ITEM 3 LITIGAflON
On July 9, 2009, Came Rezabek Dorr and Pure Barre Licensing, LLC entered into a stipulated
desist and refrain ordei with the California Department of Coiporations captioned ‘The
California Corporations Commissionei v Pure Baire Licensing, LLC and Carrie Rezabek
before the Department of Corpoiations of the State of California, arising out of certain franchise
agieements enteied into by Piedecessoi’s Affiliate \Mth its California fianchisees Under the
temis of the stipulated order the respondents agieed to pay an admmistiative penalty ol three
thousand dollars and not to engage in any fianchise [sales beloie legistiation of a tianchise
otfenng with the state j
HEM 4 BANICRuhcY
j
I i
No bankiLiptcy inloimation is lequiied to be disclosed in this Item
Option Fee
II you want to hold exclusive lights to a seaich aiea befoie signing the Fianchise Agieement you
and we may entei into an Option Agieement which lequiies you to pay us upon signing a tee ot
$5 000 ( Option Fee ) It >ou then elect to entei into ajFianchise Agieement we will apply the
Option Fee towaids the Initial Fee due undei the Franchise Agieement You will have 30 days
tiom the date you sign an Option Agieement and pay the $5 000 Option Fee in which to sign the
Fianchise Agieement If you enter into an Option Agieement but do not timely entei into a
Pim. B irn.
2nr>0320l6l DP
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001
accuracy of this information. Any001\122I2S l.yMll
action you take upon 1V4 you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
the information
1 icinchise Agiccmciit )0u v\ill loiltit the $5 000 Option Tee Enteiing into the Option
Agiecment is not lequiicd The Option Fee is unilqim to-ati-pcisens who sign the O^Mion
Agiecment and is not lekindable
The Initial fee loi a Pine Baire tianchise is less the $5 000 Option Fee (il
applicable) and is due in-full upon signing the Franchise Agieement TIte Initial Fee is unitoim
and non refundable
II you aie signing a Franchise Agieement toi an existing Puie Baire studio that you are buying
tiom anothei lianchisee, we will not chaige an Initial FjCC but you as the buyer aie obligated to
pay OLii then-CLiiient tiaining fee (cuiTently $750 pei peison) to leceive lequiied tiaining fiomius
If we elect to sign a Multi-Unit Development Agieement with you you would pay us a multi
unit development fee (“Development Fee ) equal to $20,000 multiplied by the numbei of Pure
Barre Studios you agiee to develop A typical Multi-Unit Development Agreement would
requiie the development ot 2 to 7 Pure Barre Studios (a Typical Development Deal ),
depending on the size of the Development Area, requiring payment of a Development Fee
ranging trom $40,000 to $140,000 ($20,000 times the number of Studios required to be
developed) We credit the Development Fee, in $20,000 increments, toward the initial franchise
fee that is due as Franchise Agreements are signed until the aggregate amount of these ciedits
equals the Development Fee A Typical Development Deal would require that all Studios be
opened within 1 to 2 years aftei signing the Multi-Unit Development Agieement We will liilly
earn the Development Fee when you pay it and you must pay us the tees m one lump sum
These fees aie uniform and non refundable 1
Undei the Multi-Umt Development Agreement, you must allowmav request that oui affiliate, PB
OpCo, teexecute an agreement with vou pursuant to which it will develop each Pine Baiie
Studio toi you—The seivices provided by PB OpCo^ includemg nioviding site location
construction management and cooidmatmg the acquisition ol lurmtuie fixtures equipment and
opening inventoiy If PB OpCo agiees to perform those services loi vou it and you wi111 fee
subiect toexecute a Development Seivices Agieement the foim of which is attached to ithe
Multi-Unit Development Agieement as Attachment C Undei the Development Sei vices
Agieement you will be lequiied to pay PB OpCo, in a lump sum a $25 000 development
services lee when you sign each of the Fianchise Agreements In a Typical Development E)eal
(2 to 7 Studios) the total development seivices tees would lange horn $50 000 to $175 0'00
This fee is unifoim and non letundable 1
Bicmc/ed EcniimnenI Aftei signing the Fianchise Agieement but befoie opening your Studio
you must puichase fiom PB Pioduct at least 25 Pine Baiie-bianded floor mats exeicise balls and
8
Puri, B me
201V (b20lfi 1 DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1168 001 0011122 I2S I.VU.ll I.v4
c\ciLi^L tubes whieh will i.ost cippioximatch *hl 200 payable in a lump sum depending on the
quantilv you puichase i
Bi ainleci Mei chamhse You must also puicbase liom PB Pioducl olhei Puie Baiic-biandcd
meichandise to sell fiom yoiii Studio such as DVDs, appaiel, and aecessoiies which will cost
appioximately $3 000 payable m a lump sum depending on the quantitv you puichase -fftese
■lees aie-timfoiTn and non lefiindable I i
I
I
I '
Pieopenui^ Assistance Depending on oui evaluation ot voui leadmess to open voui Studio we
may leauiie you to allow us (oi our alFiliates) to provide vou ore-sales assistance (foi instance.
if you fail to meet specified pre-openinij membeiship eoals^ nie-ooening call center sei vices/foi
instance to provide assistance in lead geneiation and follow up with lesoect to membership
salesY and/oi nieopening tiaining assistance which will tvoicallv occui at voui Studio Doi
instance to help voui trameis satisfy then test out leauiiements') This assistance will be
approximatelv $2.500 to S4 500 depending on the assistance that we toi oui affiliate) movide
vou
All tees and other amounts vou pav to us prior to opening vour Studio are unifoimlv assessed.
are payable in a lump sum and are non-refiindable I
Gross Sales oi 1
!
$ 1,000 per month I
Vendoi We do not currently Monthly We may negotiate national ,
Payments chaige this fee We agieements with vendoi s (foi
estimate that this 1 example music-hcensing companies)
fee will lange and elect to collect payment from you
between $50 to then pay the particulai vendoi i
$ 100 pel month if diiectly We leserve the light to
implemented letain an administiative lee lioin any
1i payments we collect liom you and
pay to a vendoi
Software Fee We do not cuiiently Monthly Foi proprietaiy software oi
chaige this tee We technology we oi oui affiliates
estimate that this develop and license to you or thiid-
fee will lange paity softwaie that we acquiie a
between $150 to license and subheense to you
$250 per month if 1
implemented
PiifL Barri.
30 h 032016 rPD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001
accuracy of this information. Any 0Q-1'I33I3S I VI41I
action you take upon Tv4 you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
the information
Type of Fee Amount Due Date Rcniai ks
Advcitising Cuiiently 1 % ol 15th ol each 1
fee Gioss Sales calendai month 1
loi
(Note 2) Gioss Sales duimg
the pi 101 month
Local Cuiicntlv the Must spend caich 1 his is the minimum amount which
Advcitising gieatei ot 1% ot calendai mont h you must spend evei> month on local
Expenses Gloss Sales loi based on Gros s adveitising maiketingand piomotion
(Note 2) pieceding month oi Sales made m within the aiea leasonably
$150 piior month SLiiiounding youi location 11 you tail
to make these required monthly
expenditures you must contribute the
amount you tailed to spend to the Ad
Piogiam
Ad Co-op We do not cuiiently 15th ot each ' Youi contiibutions to the Ad Co-op
(Note 2) chaige this lee, but calendai month loi will not count toward youi local
we leseive the right Gioss Sales made adveitising expenses
to charge 1 % ot in piior month
Gross Sales 1
Puri. 13 irrL
11^15
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1168 001 00I'122I28 13/14311.3.4
Tyne of Fee Amount Due Date Remarks
Annual We do not ciiiiently Beloie convention We may chaige you a lee to attend
Convention chaige tins Icc We OLii annual convention The amount
estimate that this ot the tee will depend on the amount
lee will lange horn ot OLii diiect and administiatne costs
$0 to $500 pei ot piovidmg the piogiam and I
attendee it mateuals to tianchisees We may not
implemented hold a convention eveiy yeai ,
Annual We do not cuiiently Altei convention If you (oi a requiied lepiesentative)
Convention chaige this tee We tail to attend a mandatory Annual
No-Show Fee estimate that this Convention, we leserve the light to
lee will range tiom chaige you a non-attendance tee in an
$1,000 to $2 000 amount we determine to be the| costs
pel attendee it attributed to youi tailure to attend
1 mplemen ted______
Late Late Fee ot $ 100 toi Immediately when Foi each instance in which you tail to
Fee/lnteiest/ each failuie to pay assessed | make a payment when originally due
Declined when due, mteiest
Payment Fee of the lesser of 12%
or the highest rate
allowed by law on
all past due
amounts, declined
payment fee ot any
amount charged to
us in connection
with decline ot
electionic tunds
tianstci, Cl edit card
payment NSF
(bounced) check, oi
othei foi m ot
payment
Non- Inciease in youi As incuired Due only it you fail to comply vv,ith
Compliance Royalty by 1% ot youi obligations undei the Fianchise
Charge Gioss Sales Agieement and only foi so long as you
lemain non-comphant Payable in the
same mannei as youi Royalty dining
the time the deficiency exists '
Website We do not cuiiently Monthly You must piovide lequiied '
Maintenance chaige this tee Wc mloimation and updates If you' aie in
Fee estimate that this default ot the Franchise Agieenient
fee will be $50 pei youi website may be lemoved until
month it defaults aie cmed i
implemented
11
Pure Burre
This document was2Qb-Q->20l6l DP
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1 168 001 001M22-I28 I VI42I l.i 4
Type of Fee Amount Due Date Remarks
State and Vaiiable When assessed (il 11 we aie assessed state oi local sales
Local Faxes assessed) use piopeity ot similai taxes based
on youi Gloss Sales oi on oui leceipt
oi iees liom youi (but excluding oui
oidinaiy income taxes oi leceipts
taxes toi lees due to it), then you will
pay those taxes to us oi the taxing
authoiity
Renewal Fee $5 000 Upon signing
lenewal agreement
Audit Vaiiable Upon completion It we audit your finances, and the
ot audit, if audit was tiiggei^d b> youi lailuie to
applicable submit lequiied reports oi the audit
leveals an undei statement ot Gioss
Sales of 3% oi more, then you will
leimbuise us toi the costs of the
audit
Transfer Fee — 25% of then-current Betore effective
Franchise initial franchise fee date of transfer
Agreement
Transfer Fee - The greater ot 5% Before effective (Note 3)
Multi-Umt of the purchase date ot transfei
Development price or $25,000,
Agreement plus applicable
goods and services
taxes
Transfer A maximum $1,500 when you Foi our expenses mcuired in
Review Fee amount ot $3,000 give us the connection with the tiansfei, whethei
Multi-Unit plus disbursements ti ansferee 01 not such tianster
Development and applicable taxes application (see
Agreement Note 3) with the
balance due befoie
the effective date
ot the tianstei
Costs and Will vary undei the As incuiied oi as Due il we have to enforce the
Attoi neys ciiCLimstances dictated by the agieement oi it we pievail in an\
Fees coLiit if a legal litigation 01 arbitiation involving the
proceeding is Fianchise Agieement oi Multi-Unit
initiated Development Agreement
12
Piirt. B 11 a
2(H-> 0->20lf.lDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001
accuracy of this information. Any00I\I22 I28upon
action you take I3/I4"il H 4 you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
the information
Type of Fet Amount Due Date Runai ks
Indemmtv- icl Vaiidbic As inclined Undei the t lanchise Agicement and
dteci tees and ' Multi-Unit Development Agi cement
costs vou must dclend and hold haimless
1 us and oui alllliatcs loi any legal
1 claims biought as a icsult ot the acts
1 and omissions ot you and )oui
employees and agents 1
Teimination An amount equal to Upon termination You will be icquned to pay us'this
Fee the net piesent of the Franchise lee it we terminate the Fianchise
value of the Agi cement Agieement based on youi delault oi
Royalties-an4^ it you teiminate the Fianchise
Advertising Fees_ 1 Agieement without cause Royalties-
and Ad Co-od fees afi4 Adveitismu Fees and Ad Co-od
that would have 1 fees will be calculated based on yotii
become due St-udio sbv multinlvine tn the
following number of calendai months m iIhe
termination ot the Measurement Period bv (2) the 1
13
Puri. LJjrrc
201 >-0^2016 I HD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001
accuracy of this information. Any 00I\I22I28 1:^/1421124
action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Type of Fee Amount Due Dati.| Remai ks
Intel im Vaiiable As ineimed At an) time allei the death oi
Management mcapauty and beloic the
Fee appointment (il any) of an appioved
Opeiations Managei we mav appoint
an mteiim managei wliieh may
melude us oi oui alliliate to operate
youi Studio You will compensate
the inteiim managei at a late \\^e
leasonably determine, and the mteiim
managei will be eonsidcied youi
agent
Management 10% ot Gross Sales As incuired We may assume management ot -youi
Fee plus costs and Studio if (1) you abandon oi lail to
expenses actively operate youi Studio, (2) you
fail to-eomply with any provisibn ot
the Fi-atichise Agieement or any
systeiB-standard and do «ot cure the
failure within the specified time
penod, or (3) the Franchtse- ,
1 ‘Gloss Sales means the aggregate of all monies and leccipts deiived horn all products
piepared and seivices peifoimed at youi Studio, sales and oideis made solicited oi leccived at oi
m connection with youi Studio whethei befoie oi attei you open youi Studio all othei business
whatsoevei conducted oi tiansacted at oi trom your Studio, and all othei levenues deiived liom
the opeiation ot youi Studio and the exploitation ot the tianchise system and/oi the Maiks by
you, and whethei these Gioss Sales aie evidenced by cash credit check gitt ceitificatcs
seivices piopeity or othei means ot exchange Gioss Sales also includes the pioceeds ot any
msuiance payments intended to leplace youi levenue as a lesiilt of the mteiiuption of youi
business Cuiiently Gioss Sales deiived fiom ‘flash sale’ oi deal-of-the-day -type websites
(such as Gioupon oi Living Social) will be calculated on the date you leceive lunds liomithe
website operatoi (and not on the date a client ledeems a daily-deal coupon) on the net amount
you leceive aftei the website opeiatoi deducts its commission Similarly, Gioss Sales deiived
horn the sale ot gilt cards will be calculated based on the tace value of the gitt caid on the date
you actually leceive payment for the gift caid (and hot when the gitt caid is redeemed) We
Pure Barri.
201.1 0^2016 I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
>1 L> -I
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
icscive the tight to change when GrobS Salts ate lecogmzecl m these types ot sales Gioss Sales
docs not include (a) all sales taxes imposed bv governmental authoiities dnectly on sales and
actually collected tiom customeis piovided these taxes ate added to the selling pitcc and aie^ m
tact paid b\ you to the appiopiiate governmental authbiity oi (b) cash letunds and cicdit gij\'cn
to customeis ptovided the lelated sales ha\c been included in Gtoss Sales lot \shich loyalties
weie pievioLisly paid , i
By enteiing into a fianchise Agieement you pledge'to generate aftei the tlist tull calendai
month ol opeiation a minimum amount ol Royalties during each lolhng 12-month peiiod olithe
term of the Franchise Agreement (the Minimum Cumulative Royaltv ) It you sign a single-unit
Fianchise Agieement, the Minimum Cumulative Royalty will be $14,000 It you sign a
Fianchise Agieement in connection with a Multi-Unit Development Agieement you must sign
an amendment to the Fianchise Agreement (which is jattached to the Multi-Umt Development
Agreement as Attachment D) undei which the Minimum Cumulative Royalty will be (i) $15,750
as of the end ot the 12th month ot opeiation (based entirely on annualized Gioss Sales during the
second 6 months ot opeiation) (ii) $17 500 as ot the end ot the 18th month ot operation foi the
trailing 12-month period, and (iii) $22,750 as ot the end ot the 24th month ot operation, and foi
each 6-month period thereaftei, tor the trailing 12-mbnth period If you fail to geneiate the
required Minimum Cumulative Royalty during each ro'llmg 12-month period of the term of the
Franchise Agreement starting on the 13th month following the opening of your Studio, then we
may terminate the Franchise Agieement, except that you are given the right to cure the first time
(and only the first time) you fail to generate the Minimum Cumulative Royalty by paying the
difference between the amount of Royalties paid during the applicable rolling 12-month period
and the Minimum Cumulative Royalty within 30 days aftei the end of the applicable rolling ^12-
month period Any subsequent failure to generate the Minimum Cumulative Royalty threshold is
not curable '
2 We leserve the light at any time upon notice to you to inciease the amount of (i) Ad Fjees
you must contribute to the Ad Program, (ii) the local advertising expendituies, and (iii) Ad Co
op contiibutions However, you will not be requned to contribute to these ad funds, in the
aggiegate, moie than 5% of youi Studio s Gioss Sales unless you and the othei membeis of youi
applicable Ad Co-op vote to incicase conti ibutions to the Ad Co-op '
j 1
3 Befoie appioving a tiansfei, you must submit a wiitten application to us lequcstmg oui
consent The application must contain infoimation lelating to the piopostd tiansfeiee s
qualifications and finances The proposed tiansfeiee must successfully complete to pui
satisfaction any tiaining we deem necessaiy Befoie the tiansferee begins tiaining you must
delivei $2 500 to us which amount w'lll be non-ielundable, except that if the tiansfei is
successfully completed, the entire amount will be ciedited against the tiansfei fee
4 We may assume management ot voui Studio if thf you abandon oi fail to actively oneiate
voui Studio (2) you fail to comply with anv provision of the Franchise Agreement or anv system
standard and do not cuie the failure within the specified time neiiod. oi (3f the Franchise
Agreement exoiies oi is tenmnated and we aie deciding whethei to exercise our option to
Dill chase voui Studio We will exercise oui light to assume management in 90-dav inciements
15
IXiR. Barre
30-I-t-0->20I6 I dp
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6S 001
accuracy of this information. Any 00IM22I2S IVUlll.vl
action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
lencwdblc lui up to I veai in Ihe at£aicy:atc \Vc will I’teiiodiLdlly dibcuss mlh you the lesults ol
opeiation duiin” the time we manage the Studio i '
Unless othciwise indicated all tecs aie payable onlv to us foi oiii account and we intend to
impose them unifoimly All lees aie nonielundablc You must pay us the Royalt\ Ad Fee and
all othei monthly oi legulaily lecuiimg tees bv electiomc lunds tianstei oi othei loim ol
payment acceptable to us You must sign all banking (onns documents and any othei
agieements and you must take all othei actions neccssaiv to tacilitate electiomc hinds tianslei
payments to us You must authoiize us to debit youi account foi any amounts due to us oi pui
atfiliates by electiomc tunds tianstei We also leserve the right to provide ciedit card processing
toi your Studio If we do so, we will on a periodic basis (initially weekly) leinit an electronic
payment to youi designated bank account m an amount equal to the ciedit card chaiges
processed on youi behalt, less any tees imposed by the ciedit caid piocessoi on ypui
transactions and any other amounts due to us undei yqui fianchise agieement It the proeeeds
horn credit caid transactions aie less than the amounts due us you will be lesponsible toi paying
us the deficit
1
Tiainmg Expenses $6,000- AsWiie tianstei As incLiiied Us Vendois and
and Pieoneninc $St00012 500 and as rcauiied employees
Assistance by vendois
(Note 3)
1
Pure B irre
20l> 0^20I6 I rjD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00 l\122 128 I>/I4SII.-
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Type of Amouid MethocE o( When Due To Whom
Expcndituic I’aj nitnt Payment Is to
Be Made
Const! uction S60 000 - As lequiied by' As lequiied Vendois
RemodeUng $150 000 vendois bv vendoi s
Leasehold
Impiovements
and Decoiating
Costs (Note 4)
PiKtures $18 000 -$25 Wire transfer and I Upon Our alfihate and
Furnishings 000 as lequired by I purchase and othei vendors
Equipment and vendors < as lequiied by
Signs (Note 5) vendors
Initial Inventoiy $6,000 - Wire transfer and Upon Oiii affiliate and
and Supplies $12,000 as required by purchase and other vendors
(Note 6) vendors as required by
vendors
Total
»5 000154.5
00 - $282 000
Notes
1 Initial Fee If you entei into an Option Agieement betoic signing a Fiancliise
Agieement you will pay an Option Fee of $5,000 This amount will be applied to the Fianchise
Agieement s Initial Fee if you entei into a Fianchise Agieement, but this payment is not
lefundable if you do not elect to entei into a Fianchise Agieement You must sign the Fianchise
Agieement within 30 days of signing an Option Agieement in oidei to apply the Option Fee to
the Initial Fee , '
17
I'urc n irrL
3013 032016 I DO
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 001M32a8 I3/I4.UI3.4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
2 Gland Opening You mu'll spend a ininiiiuin ol $1 000 to piomole and host a giand
opening event Howcvei voui expenses in piomoting aiid hosting this event may exceed $1 000
3 riaining 1 xoenses and Pieonenmu Assistance i I hese aie estimated costs (loi example
any costs of tiavcl and accommodations loi joiiisell and youi employees) that you might incui
Joi you and youi employees to attend the initial tiaimnglpiogiam Foi additional inloimation see
Item 11 In addition denendina on oui evaluation ot voui leadmess to ooen voui Studio, we mav
leauiie vou to allow us foi oiii aftiliates") to oiovide voii' pie-sales assistance ttoi instance it il'oii
tail to meet specified pie-openina membetshio eoals't pie-openino call centei seivices (itoi
instance to movide assistance m lead iieneration and' follow up with respect to membership
salesY and/or preonening training assistance which will typically occur at voui Studio ttoi
instance to help vour tiaineis satisfy their ‘test out ’ leauiiements) This assistance will be up to
$4,500 dependino on the assistance that we toi our affiliate) movide vou It we determine that
vou do not require any ot this type of oieonening assistance vou will not oav us anything toward
these seivices I
We die unable to estimate with any pitcision the costs ot leasing oi puichasmg leal estate
because ot the wide vdiiation from legion to legion and between uiban and rural areas A new
lease will vaiy m lental amounts, lease teims amount lof space tenant improvements, security
deposit and advance lental leqiiiied and the cost of puichasmg leal estate is extremely site-
dependent Location is a majoi tactoi m the amount ofient lequiied as aie the age and quality
ol the building visibility and access to tiaffic aiteiies ,the pioximity to lesidential aicas letail
aieas, and othei commeicials aieas of interest local demogiaphics leal estate lelated taxes in the
juiisdiction biokerage commissions, the length ol the lease and othei lactois You may want to
contact a commeicial leal estate biokei to discuss the costs associated with acquiimg leal estate
m youi aiea Pure Bane studios aie generally located m letail shopping centeis oi stieet liont
letail aieas
5 Fixtuies Fuinishmgs Equipment and Signs This includes at least 25 each ol Ptiie
I
Bane-branded llooi mats exeicise balls and exeicise tubes all ot which you must puichase tibm
PB Pioduct Inteiioi and exterioi signs the ballet bane lighting package steieo system and
microphone must be puichased horn oui appioved vendor before opening You may decide
Pua Udm.
This document was 20l.-> 0.->20l(S
downloaded I DD
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
pmchase moie equipment hoin iis dtpending on )Oui anliupatcd numbei ot clients I otal
e\pcndituics in this categoiv also includes weights a coinputei (w'hich vve estimate to cost
betw'ecn S750 to $1 500) a telephone and wall nniiois winch you maj puichase fiom a vendoi
of yoLii choosing as long as those pioducls comply w^ith oui spcciHcalions This amount inaN
vaiv depending on the location size and condition ol youi Studio
1 I
6 Initial Invcntoiy and Supplies This includes an'initial stock ol lelail Puie Barie-biandcd
meichandise, such as DVDs appaiel and accessoiies w'hich you must purchase tioin 6ui
affiliate betoie opening at a cost ot appioximately $3,000 which is non-retundable The total
amount of the investment also includes youi office supplies puichased diiectly fiom olfice
supply vendois and MindBody softwaie and meichanl account, which you must obtain directly
fiom MindBody, Inc MindBody Inc chaiges a monthly subsciiption fee of $75 to $95
depending on the numbci of useis You aie peimitted but not icquiicd, to oidei othei appioved
letail Items foi sale to customeis fiom other appioved vendois and any associated costs aie
leflected above
7 Security and Utility Deposits Business Licenses, and other Piepaid Expenses This
figuie represents oui estimate foi security or utility deposits, to obtain all necessaiy busings
licenses, and for any other prepaid expenses when establishing your franchise The fees you pay
may be more or less than this estimate depending on youi location and the tenns of seivicejto
which you subscribe We have not investigated every jurisdiction for the fees that may be
required m this section, however, our estimate is based on the piior experience of our affiliates
and other franchisees Our experience is that, it you are developing a Studio m one of the
boioughs that comprise New York Citv. this item can be as high as $58.000 because ot higher
labor and logistics costs and other factors
8 Insuiance Piemiums The price of insuiance coveiage has vaiied widely in lecent yeais
We cuirently lequire commeicial geneial liability, automobile liability woikeis compensation
and employeis’ liability and umbiella liability coveiage, and w'e aie peimitted to change the
lequiied coveiages upon notice to you The specific^ minimum amounts of these lequired
coveiages is disclosed in Item 8 You should obtain a puce quotation fiom youi insuiance agent
Ol biokei (oi state agencies as applicable m the case ol'w'oikei s compensation and employei s
liability coveiage), and rely solely on that estimate in planning to cntei into the fianchise
Agieement Our experience is that if you are develoning a Studio m one of the boioughs that
compiise New Yoik Citv this item can be as high as $10.000
These flguies aie estimates and we cannot guaiantee that you will not have additional expenses
beyond these amounts when starting the business Youi costs will depend on faetors such as
how' much you follow oui methods and proceduies youi management skill, expeiience and
business acumen local economic conditions the local maiket foi this industiy the prevailing
wage late in youi aiea the degiee and quality of competition and the sales level you leach
during the initial peiiod This categoiy does not include loyalties oi othei peiiodic tees you pay
19
Piiic Udia
2nrs-(W20ir> i dd
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 004VI22I2S IVU U 12 4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
to US noi does il include leal esu>(c c'lptnscs (See Ni. le 6 abo\e) voui salaiv li\ing expenses oi
debt pa\menls incuiied duiing the staitup phase This categoiy does include essential items and
seivices puiehased tiom us oi liom lelated eompan'ics oi vcndois See Items 6 and 8 loi
additional inloimation Unless otheiwise noted alb payments aie non-ielundablt oi arc
lelundable onl) undei any agicement between you and the \endoi oi suppliei to whom vou have
made the payment '
Total
Estimated $315 000
Initial
Investment
Notes
1 The actual amount ol the Development Fee wil depend on the numbei ot Studios you
agiee to develop under the Development Schedule because the Development Fee is equal to
$20,000 times the numbei ot Studios that you agiee to open Foi example il you agiee to open
two Studios, the Development Fee would be $40,000 if you agiee to open seven Studios the
Development Fee would be $20 000 x 7 oi $140 000 vi^e apply this tee in $20 000 inciements
toward the Initial Fianchise Fee due undei each Fianchise Agieement signed in aceoidance with
the Multi-Unit Development Agieement
2 It you sigH-a MutH-Unit Development Agieement you must allow oui affiliate, PB OpCo
to- piovide seivices in connection with the development of the Studios according to oiii
specificatiens—Those seivices include site location constiuction management and coordinating
the acquisition of fuimture—fixtuies—equipment and- opening in-ventoi>- as desciibed-,ffl
Phil B irrc
2or;-o->20ifi I on
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
116SOOI onm22i2s I^/I4■■.m4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
^lePavablc onh il \nu ctnd PB Oi~>Co clccl to en(ei in*D a Development Stivicci Agieemenl
which It) attached to the Multi Unit Dexelopmcnt A^eoment as Attachment G----Pot those
tici vices in w'hich case you wall be leqiined to pav PB OpCo a $25 000 development set vices
lee when you sign each ol the fianchisc Agicements' The low estimate show'n in the table
assumes that vou have not leauested PB OoCo to piovide the development scivices loi anv
lestauiants and the hiah estimate assumes vou have leouested the development seiMces to'i 7
lestaurants This lee is uniform and non-iefundable
We make no lepiesentation that >oui costs will come within the langes estimated and cannot
guarantee that you wall not incui additional expenses entering into a Multi-Unit Development
Agreement This amount is in addition to the tees andiexpenses you will incui m opening each
Pine Baire Studio you commit to develop under the Multi-Unit Development Agieement
Unless otheiwise noted all payments aie non-iefundable oi are lelundable only under any
agreenaent between you and the vendoi or suppliei to w'ljom you have made the payment
1
As a franchisee, you will be required to purchase or lease certain goods or services from
suppliers or vendors that we designate, or from us or an| affiliate of ours In other instances, you
will be free to select a vendor or supplier, but the goods or services you purchase must comply
with specifications that we establish These obligations may be imposed by the Franchise
Agreement, by the Manuals, or by our normal practice The following goods and services fall
into one or both of these categories (required specifications or lequired source) Training, Pure
Barre-branded merchandise and exercise equipment, fixtures and fuinishmgs, retail fixtures,
lighting, signage, non-bianded exeicise equipment, credit caid niocessing. stereo system and
accessories, insurance, call centei services, safety equipment tincluding an automated external
defihrillatoU and certain computei software
Foi each Pure Bane Studio you commit to develop undei the Multi Unit De\elopment
Agieement—>ou must use the services e-f-our affihate PB OpCo—in connectiei-i- with ffie
development of the studios ac-eoidifig-to oui specifications—Those services include site location
consttiietion manageinent, and coordinating the acquisrt-ion of fumituie fixtures equipment and
opening inventeiy as deseiibed in the De\ elopment Senuees Agi-eement which is attached to the
Multi-Unit Development—Agieement as Attachment C---- PB-OpCo charges a -development
Piiri. Bnra
2013 0^2016 IBP
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00-A-l22128 13/141111-1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
'■^eiMCCb (ce o<-$25 000-loi ich Siiidio it dcveteps tpi rey- -IZ-Qfcji lee -lb payable \\hcn the
l"idnchise ^gleemcnt ts signed
Wc do nol cuiiently lequiic an} specific cash legistei svstem lo be used at youi Studio but vou
must puichase a peisonal computei that has a continuous high-speed connection to the Inleihet
and that is suificient to opeiate the v\eb-based business management and pomt-ot-sale softwaie
piovided undei a soltware license agieement you must puichase liom oui designated suppliei
You must procLiic and maintain geneial compiehensiv]e liability business automobile liability
insuiance employei s liability (workers compensation) and umbiella liabilitv coverage with
policy limits in amounts we specify in the Manuals We may lequiie you to obtain insuiance ‘foi
contiactual liability and eirors and omissions with policy limits in amounts we specify in the
Manuals Oui cuirent minimum coverage amounts' are (1) commercial geneial liability
insuiance including contractual liability and products, completed opeiations coveiage with
limits of $1 000 000 pel occurience and $2 000 000 geneial aggregate applicable to bodily injuiy
and property damage and peisonal and advertising injui> and with a maximum deductible foi
this coverage of $25 000, (2) automobile liability insurance including contractual liability
insuring owned non-owned, hired and all vehicles usejd by your Studio, with combined single
limit of not less than $1,000,000 ($1,000 maximum deductible) per occurrence foi bodily injury
and pioperty damage, (3) woikers’ compensation and employers’ liability as requited by any
state in which youi Studio operates, but no less than woikers’ compensation coverage of
$1,000,000, and (4) umbrella liability coverage with limits of $1,000,000 per occurrence and
aggregate You will ensure that all insurance policies name us and our owners, officers, directors
and employees as additional insureds (on a primary and non-contributory basis) and contain a
waiver of subrogation in favor of us and oui owneis, officers directors and employees We may
establish reasonable minimum standards for coveiage to be met by undeiwiiteis foi insuiance
which we will state in the Manuals Befoie opening for business, you must piovide us with
ceitificales of insuiance for all policies and you must obtain any othei insurance requiied by
law You must maintain in good standing all requiied insurance during the tenn of the Fianchise
Agieement, and immediately notify us of any lapse alteiation oi cancellation oi any policy oi
coveiage We may revise any insurance requiiements upon notice to you
I i
Youi puichase oi lease of goods oi seivices as lequiied is an essential element of youi
compliance with the fianchise Agieement and the Manuals and your failuie to do so is a bieach
of the fianchise Agieement and may result m youi lossiof mateiial benefits up to and including
the teimmation of the fianchise Agieement |
I
I
We do not use any fixed piocess foi giantmg oi levoking appioval ol designated supplieis
Instead we evaluate supplieis on a vaiielv of ciiteiia including the quality of then pioducts oi
seivices puce lesponsiveness leputation timeliness and expeiience among otheis If we
compile any moie specific ciiteiia foi appiovmg supplieis we will make those cnteiia available
to you We will consider in good faith and m a leasonable time any suppliei that you would like
to piopose who IS capable of pioviding goods oi seivic^es meeting oui lequested specifications
If our evaluation of youi proposed suppliei would lequiie us to incui any non-tiivial cost (such
as to examine a sample of that suppliei s pioducts) we may ask you to beai that cost (estimated
to be between $100 and $500) We will make a leasonable effort to appiove or disappioxe any
Pua Bjra
20b 03201(5 I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
piopo^ed SLippliLi within 30 djys Howcvci li we do not lespond within 30 davs ol youi itciutst
the pioposcd SLippliei will be deemed disappioved I '
I
Foi any goods oi seixices that must comply with Puie|Baiie s specifications and that we oi an
alfiliate do not supply diicctl) to you as the sole supplici oi foi which w'e have not appiovcd
anothei suppliei w'e w'lll piovide vou with specifications ol conloiming goods and sei vices ,We
w'lll issue those specifications in wilting in the Manuals oi by othei wiitten communication ,We
expect to modify those specifications peiiodically and the method of notification loi the changes
will depend on the goods oi sei vices in question
We aic entitled to obtain payments oi othei benefits ftom the suppliers oi vendois fiom whom
we leouire fianchisees to purchase oi lease goods bi services CuiTentlv oui affiliate. PB
Product, has negotiated arrangements with certain desianated suppliers to oav it a lebate based
on Dui chases of the goods oi services sold bv the .supplier to affiliate-owned and fianchised Pure
Barre studios The basis for the rebates in each case is^a percentage of the levenue derived from
those purchases bv the suppliei the amount of which Ivaiies among the suppliers but currently
range fiom 3 5% to 10% ffor items such as luices and marketing collateiaB and 25% to 35% on
certain software used in the operation of studios During oui 201'12015 fiscal year, we received
$93.850131.758 from approved vendors for requiied put chases or leases by franchisees This
represents approximately 0-971 1% of our total revenue of $9-.696.00011.900.227 during oui
same period, our affiliate fPB Product Affiliate]
reported leceiving revenues from the required purchases of Pure
Barre-branded floor mats, exercise balls, and exercise tubes We and our affiliates (including PB
Product) leseiwe the right to earn a profit from any goods or sei vices we provide, whether oi not
you must purchase or lease those goods or services from us oi our affiliates
We estimate that in establishing your Studio youi purchases or leases of goods, equipment and
supplies made in accordance with oui specifications (including liom oui affiliate) will represent
approximately 85% to 95% of all of your total purchases oi leases of goods equipment, and
supplies Once youi business is established we estimate that, on an ongoing basis your
puichases oi leases of goods, equipment, and supplies made in accoidance with oui
specifications (including fiom us oi an affiliate) will lepiesent appioximately 45% to 55% of all
ol youi purchases or leases of goods equipment and supplies
We aie entitled te obtain payments oi other benefits horn the suppheis oi-venders Irom whom
we lequne fianchisees to purchase oi lease goods oi se^vKes -Qur appioved seftwaie vendor
pay's us a rebate of 25% to 35% of the lexemes deiived jby the xendoi
Cuiienlly, none of oui officeis owns any mteiest in any suppliei with whom you must oi aie
iccommended to do business Theie cuiiently are no puichasing oi distiibution cooperatives in
place loi the puichase oi lease of goods oi seiviceslby fianchisees We negotiate puichase
aiiangements with certain suppheis foi the benefit of franchisees and w'e may continue to do' so
in the futuie
Othei than as desciibcd above we do not piovide any mateiial benefits to fianchisees based|on
then purchase of particulai products oi sei vices oi use of paiticulai suppheis
23
piiri. I3jra
201^-Q->2ni(i rPD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
I 168 001 00 IH22I2S I VI4.n I.r4
ITIEM Q rr^NCHlSEE S OBLIGATIONS
Phis table lists your piincipal obligations undei the franchise and other agreements It will
help you find nioie detailed information about youi| obligations m these agreements and m
other items of this disclosure document
Fianchise Agieement - 1
Sections 3 2; and 3 3
1
1
Multi-Unit Development 1
Agreement • Section 2 1
Development Services 1
Agreement - N/A
Multi-Unit Development
Agreement - N/A 1
1
Development Services
Agreement - Section 2(h)
1
c Site development and othei Option Agreement - N/A 5,6 7,8, 11
1
pie-openmg lequirements
Franchise Agieement -
Sections 3 5 3 5 3 6 and 1
74
Multi-Unit Development
Agreement j Section 2 1
1
Pua Bnrrt.
jQI-> 0>20I6 I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 00 0122128 IVI43II.34
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Obligation Section in Franchise Disclosuie Document
Agi cement Item
d Initial and ongoing liaining Option Agicement - N/A 67811 15
fianchise / gi cement -
Sections 8 -83
Multi-Unit Development
Agi cement N/A
Fianchise Agreement -
Section 3 5 and 7 4
Multi-Unit Development
Agreement - Sections 1 B
and 2 D
Development Services
Agreement -rSection 2(j)
Fianchise Agieement -
Sections 2 l|-2 10, 4 9,
4 12.4 13 6 4. 7 4 8 2,
8 4, 9 5, 11 , 12 2,and
15 8
Multi-Unit Development
Agieement - Section 3
25
I'uri B II a
2frl-3 0a20l6l DP
I 168 001 00-1\l22l2« Ia/I4ri I v4
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Obligation Section 111 Franchise Disclosuie Document
Agrllenient Item
g Compliance with slandaids and Option Agielement - N/A 7811 12 13 14 16
policies/Manuals
1
Fianchise A gi cement -
Section 1 5 '<and 4 1
1
Multi-Unit IDevelopment 1
Agreement • -N/A 1
DevelopmerIt Services
1
Agreement • -N/A
1
Fianchise A gi cement - 1
1
Sections 1 1 13 14 16-
1 9,4 12, an d 104
1
Multi-Unit IDevelopment 1
Agreement -f Section 4
1
1
Developmerit Services
Agreement - -N/A
1
Sections 3 8 , 4 2 and 5 1 1
Multi-Umt rDevelopment 1
Agreement -^N/A 1
1
Developmerit Sei vices
Agreement - ■N/A 1
Multi-Umt EDevelopment
Agi cement -■N/A
1
Developmerit Services
Agieement-■ N/A
1
26 1
Pure Uirrt
20l3_0320l6 TDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Obligation Section in Fianchisc Disclosure Document
Agreement Item '
k I Cl 1 itoi lal development and sales Option Agit ement - N/A 12 17
quotas
Pianchisc A. gieemenl -
Section 4 9
Multi-Umt [development
Agreement - Sections 2 D
and 2 E
1
Multi-Umt Idevelopment
Agreement --N/A
DevelopmerIt Services
Agieement - ■N/A
Multi-Unit [development
Agieement --N/A
1
Developmenit Scivices
Agieement --,N/A 1
)1
)
27
Piirt 13 irre
^&34-3)»2016rDn
This document was1168downloaded from franchimp.com.
001 00l\lj-2-l2S All the information
IVN.3I I v4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Obliganon Section I'n Franchise Disclosure Document
Agreement Item
n Insuiancc Option Agie ement - N/A 7 1
Multi-Unit 1)evelopment
Agi cement --N/A 1
DevelopmenIt Services 1
Fianchise Aigreement -
Article 7 1
1
Multi-Unit E)evelopment 1
1
Agreement - •N/A
Developmenit Services
Agreement -|n/a
Multi-Unit E)evelopment
1
Agieement - Section 8 B
1 Sei vices
Developmen
Agieement --iN/A 1
1
1
Puic Bdrrc
jQl-' »>20irilDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 OO-l'-jja-nS I:)/I4ill.4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Obligation Section in Franchise Disclosure Document
Agreement Item
q Ownei s paitiupalion/managemcnt/ Option Agicement - N/A 7811 15
stalling
riancbise A gi cement -
Sections 1 10 and 4 6
Multi-Unit Development
Agreement • Section 1 D
Development Seivices
Agi cement - Section 2(d)
Franchise Agreement -
Sections 3 4* 9 1-9 4
I
Multi-Umt Development
Agreement - Sections 2 F
and 2 G I
Development Services
Agreement - N/A
Multi-Unit Development
Agreement -{N/A
Development Seivices
Agi cement - N/A
Piiri. llarrL
301 > -0->20l6IDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00-l\l3313
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Obligalion Section in Franchise Disclosure Document
Agreement Item '
1 lianstei Option Agre ement - N/A 6 17
1
1
Aiticle 12 1
1
1 1
Multi-Unit I)evelopment
1
Agi cement | Section 6 1
1
Developmenit Sei vices 1
Agreement | Section 3 i
Franchise Ajgreement -
Article 11
Multi-Umt E)evelopment
Agreement - -N/A 1
1
Developmer t Services
Agreement - -N/A
Fianchise A, jreement -
1
Sections 4 1:2, 10 2, 10 3, 1
10 4, 14 6, 1 ^7 and 16 10
1
Multi-Unit E)evelopment
1
Agreement - Sections 7 B
and 7 C 1
1
It Services f
Developmen
1
Agieement -1 Section 4
1
w Non-competition covenants Option Agie ement - N/A 17 1
1
Fianchise Aj ;i cement - 1
Sections 10 land 10 2 1i
1
Multi-Unit Ejevelopment
Agieement - Section 7 C
Developmen i: Services
Agieement --|N/A
1
Pure B irrt.
3^l»_032flMIPP
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00 I\I2:! I2S I>/I43l 13.4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Obligation Section in Fi anehist Disclosuic Document
Agieement Item
\ Dispute lesolution Option Agieement - 17
Section 3 3
1
Fianchise Agieement -
Aiticle 15
1
1
Multi-Umt Development 1
Agreement Section 9
Development Services
Agreement Section 8 1
ITEM 10 FINANCING
We do not otfer direct or indirect financing We do not guaiantee youi note, lease, or obligation
As security for the performance of your obligations under the Franchise Agreement, including
payments owed to us for purchases by you, you must grant us a security interest m all of the
assets used m the operation of the Studio
Except as listed below, we are not required to provic e you with any assistance
Attei you sign the Option Agreement but before you sign the Franchise Agreement we will
piovide you with our then-cunent foim ot Fianchise Agieement it you notify us of youi election
to do so within 30 days aftei signing the Option Agieement (See Option Agreement Section
2 1)
Aftei you sign a Fianchise Agieement but beloie you open youi Studio we will
1 If you and we have not agieed upon the location foi youi Studio at the time you sign fhe
Fianchise Agieement Attachment A to youi Fianchise^ Agieement will include a desciiption of
the geographic aiea (the seaich area ) in which you aie lequired to concentiate youi effoits at
locating the piemises foi youi Studio You will have exclusive rights to the search aiea foi|60
days aftei the Fianchise Agieement is signed Howevei, after the 60-day exclusive peiiod, ithe
search area will be non-exclusive and it is possible that theie could be multiple fianchisees
seeking locations foi Puie Bane studios at the same time (Fianchise Agieement Section 3 1
Attachment A)
Pint B irre
20la Oa20l6rDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 004\I22-I2S IVI-llI I i 4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
2 We will levicw youi pioposcd site and will appiovL. oi disappiovc it and \oii aie only
pumilled to opeialc (lom a site that wc ha\e appioved We will appiovc oi ieject voiii pioposed
site within 10 days ol oui icceipt oi the inloimalion we lequest in oidei to evaluate it Oui Ihen-
CLiiient slandaids loi pioposcd sites will applj when w'c aic making oui detcimination whelhei to
appiove OI disappiove a pioposed site In seeking youi pioposed site veti-w'e may lequiie you to
letain the seivices ol a leal estate biokei w'ho has expeitise m the proposed aiea We geneially do
not own, lease, oi select the site at which you will o'peiate When evaluating a site that you
piopose, we may considei the geneial demogiaphics ot the aiea the proximity to othei
established commeicial aieas the access to lesidential jareas wheie expected customeis live, the
quality age, and layout ol the proposed space the access to a customer lestioom and othei
factois We will leview youi lease but we do not participate in negotiating youi purchase oi
lease ol the piopeity Fiom the time you sign youi Fianchise Agreement you will have ^90
days to obtain an appioved site and secure possession o the site by purchase oi lease (Fianchise
Agieement, Sections 3 1-36)
3 Piovide you with oui specifications for constiuction lemodelmg and decorating youi
site review your design plans and review the site (although we are not lequired to have any ot
oui representatives make a visit to the site befoie our approving or disapproving your proposed
site) Unless PB OpCo is developing youi Studio for you under a Development Services
Agreement, you will be solely responsible for and wej will not provide you with assistance m,
ensuring that the site complies with local ordinances and building codes, and for obtaining any
constiuction and remodeling permits requited by your jurisdiction (Franchise Agreement,
Section 3 4)
4 Provide tiaining to each of youi employees who will piovide workout instiuction to your
customers, some of which tiammg will lequiie additional fees See Item 6 toi additional
infoimation on these additional lees (Fianchise Agieement, Sections 8 1 and 8 3)
I I
5 Piovide wiitten specifications for ccitam equiprnent and fixtuies including wall miirois,
weights a computei, and a telephone, and we will inspect youi site to ensuie youi compliance
with those specifications We curiently lequiie you to purchase mterioi and exteiioi signs, a
ballet bane, steieo equipment miciophones, lighting] and certain soltwaie fiom designated
supplieis that aie not affiliated with us Oui affiliate, PB Pioduct, is also the sole suppliei foi
Pine Baiie-bianded flooi mats, exeicise balls and exercise tubes as well as branded appaiel
(though you are not lequiied to puichase any branded appaiel) We othei wise do not cuiiently
icquiie you to use any specific \endois foi you to equip your Studio, noi do we provide any
installation services but we may do so in the futuie See Item 7 above loi additional infoimation
on the Items that you must puichase fiom us (Fianchise| Agieement Aiticle 5)
Aftei you sign a Multi-Unit Development Agieement but befoie you open a Puie Bane Studio
we Ol oui affiliates will '
32
Pure B irre
2013 n-»20iri I DD
This document wasI downloaded from franchimp.com.
168 001 OO-tU-22 All the information
128-13/1421 13.4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1 Review sites you piopose loi the de\clopmeiill ul d Puie Bane studio and il appiovcd
issue \OLi a Fianchise Agieemcnt We ait obligated to|use leasonable clloits to piovide you w'lth
OLii decision within 30 days ot oui icceipt ol all lequcsted inloimation and mateiials legaiding
the pioposed site (Multi-Unit Development Agicement' Section 2 B)
I I
Pi e-Oncning Assistance - Development Services Agi eenient
I
2 Identify and prepaie site intoimation packages legaidtng potential sites within the
Development Area and submit the site packages for oui appioval as described in the Multi-Umt
Development Agreement (Development Services Agreement, Section 1 b)
Negotiate, on your behalt, letters ot intent and the lease once a proposed site has been
accepted by you and approved by us (Development Services Agieement, Section 1 c) ,
4 Prepare foi your review and approval a pro toima construction budget prior to your
I
execution of a lease (Development Seivices Agieement, Section 1 d)
5 Manage the constiiiction ol the Studio in accordance with the Fianchise Agreement and
the budget that you have appioved (Development Seivices Agieement, Section 1 d)
I
6 Purchase, on youi behalt all lurnituie, fixtuies equipment and opening inventory as
necessaiy to comply with oui System Standaids (Development Seivices Agreement Section 1 e)
9 Dehvei possession ol the Studio to you once substantially complete and ceitificate ot
occupancy has been issued (Development Seivices Agieement Section 1 g)
The typical length ol time fiom the date you sign the Fianchise Agieement to the opening ot
your Studio is appioximately 90125 to 440200 days though the peiiod to opening does vaiy and
could be shortei oi longei loi you depending on tactors such as ditficulties in obtaining an
approved site youi completion ot tiaining negotiating! a lease agieement obtaining financing
and building pemiits, zoning and local oidinances w'eather conditions shortages of laboi or
mateiials and delays in the installation ot equipment fixtuies and signs
jj
Pure Bara
201a 032016 POD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 001\I22-128 1 a/142112 4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Post-Onening Assistance
3 we will notify you oi any changes to the goods and sei vices that you aie pcimitted to
offei to ciistomeis (Fianchise Agreement Section 4 2),
4 we will allow your mstiuctors to paiticipate subject to meeting oui lequiiements, m oui
regular training piogiams (Franchise Agieement, Section 8 2), I
5 we will conduct advertising and promotional efforts to try to inciease the pullilic
recognition and goodwill of the Marks (Franchise Agreement Article 7), 1
1
6 we will provide you with information we lequire you to provide to your clients
(Franchise Agreement, Section 4 4),
7 we will provide you with information legarding any mandatoiy pricing policies
applicable to goods and sei vices you offei to yom clients (Franchise Agreement Section 4'5)
and
8 we will continue to loan you one copy ol the Manuals (Fianchise Agieement
Section 1 5)
We are not obligated to piovide any post-opening assistance undei the Multi-Unit Development
Agieement or Development Sei vices Agieement
We will operate an advertising piogiam (the “Ad Piqgram ) to tiy to mciease the public s
awaieness and acceptance ot the Puie Bane biand Pme| Bane Studios geneially and the goods
and sei vices they oftei We will use the Ad Piogiam all payments to it, and any eainmgs on 'it
for maintaining admmisteimg diiecting conducting jand piepanng marketing, advertising
public lelations client letention and/oi piomotional pjiogiams and materials and any othei
activities which we believe would enhance the image of the fianchise system which may
include the costs ot prepanng and conducting media maikelmg campaigns (including social
media) direct mail advertising special events marketing suiveys and othei public lelations
activities employing advertising and/oi public lelations agencies to assist with them.
sponsorship of organizations and events (including athletic teams tundiaismg activities
Pure Barre
2013 032016 rOD
This document was1168downloaded from franchimp.com.
001 OOI'I22I28 All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
l3/l4.Hli4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
louinamtnls and olhci stindai auisitie'?) puichasi'ng piomotional items conducting and
admmisteiing in-studio piomotions conducting clipit-ietention activities developing and
maintaining application soflwaie designed to lun on cpmputeis tablets smaitphones and othei
mobile devices as well as anv evolutions oi ne\t| gcneiations ol anv such devices 'and
piovidmg piomotional and othei marketing mateiials and sen ices to the Puie Bane studios
opeiatmg undei the lianchise system We may chaige all costs ol the foimulation development
and plaeement ol adxeilising and piomotional mateiia. s loi the Ad Piogiam These eosts may
include the piopoitionate share ol our peisonnel who devote time and lendei seivices loi
adveitising and promotion oi the administiation ol the Ad Piogiam including administialive
costs salaiies, overhead expenses lelated to administeimg the Ad Piogiam and its progiams
We anticipate that in the near term the adveitising media that we use may include internet radio
direct mail, and outdoor adveitising Oui intent is to tmloi the scope and types of adveitising to
the location and distribution of hanchisees whether that is local regional oi national butweaie
not obligated to spend any particular amount in any paiticular aiea oi legion
We may produce advertising mateiials ouiselves, oi we may use designated agencies oi vendois
to produce those materials, and we aie not limited in whom we may rely on to pioduce
advertising materials You are allowed to produce your own adveitising material toi use around
your site, but you first must send it to us to review, and you may not use it if we disapprove it
1
As a franchisee, you must participate in our advertising program with a monthly Ad Fee
contribution currently equal to 1% of your Gross Sales in the previous month Othei franchisees
may contribute different amounts or percentages of their Gross Sales, depending on when they
signed their franchise agreements or other factois Company-owned or affihate-owned studios
contribute to the Ad Program on the same basis as you
We administer the Ad Piogram in our sole discretion If not all adveitising iunds are spent imthe
fiscal year in which they accrue, those excess funds will remain in the Ad Piogiam foi futuie
use The total expenditures for fianchise system advertising during oui 201d2015 fiscal yeai
weie m the following categoiies—as fellows Pproduction/Z-D^esign 36%.43% Mmedia
Pplacement 26%. administiative costs 14% Administiative Costs 14%,^ and Opthei Ceosts
3412% (including items such as redevelopment of the purebane com website, redevelepmei-it
and ongoing expensessponsoiships and ielated to oui mobile app,-- soeral iBedia eentenF
campaigns, and community manaaementpiomotional events, a customei feedback and retention
tool foi fianchisees. ongoing expenses related to the Pine Bane mobile app and studio pages on
the puiebaiiecom website, and an online content buildei foi hanchisees) The finances foi the
Ad Piogiam are not audited but we will make unaudited financial statements available to you' on
an annual basis upon your lequest with any cost of piepaiing those financial statements boine bv
the Ad Fees contributed to the Ad Piogiam No othei peiiodic accounting of the Ad Piogiam
will be conducted If not all Ad Fee contiibutions aie spent in a fiscal yeai we will cany th'em
foiwaid foi use in subsequent fiscal yeais
We do not use any poition of funds liom the Ad Piogram foi the pimcipal puipose of soliciting
new fianchise sales but we may include incidental statements on adveitising oi promotional
mateiials to the effect that franchises aie available foi purchase fheie cuiientl) is no fianchisee
adveitising council that diiects oi advises us on advertising malteis
3o
Pure Bjrre
301^ 0>20I6IPD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
We may establish oi autlioiize any nnmbu ol local oi egional adv'ulising co-ops (each an Ad
Co-op ) to cooidmate aciveitismg maiketing and piomotions loi lianchisees m a ceitam icgion
similai lianchisces 01 loi othei puiposes we designate V'ou must paiticipate m any Ad Co-op we
designate as applicable to you and contiibute to that Ac Co-op Yolii contiibutions to the Ad Co-
op will not count tovvaid youi lequncd local ad\eilismg expendituics w'hich aie cuiientiv the
gieatei ol 1% ot youi Gioss Sales loi Ihe pievious month oi $150 pci month Wc may delegate
to the Ad Co-op the lull oi limited light to direct the Ad Coop s operations and you must lollow
the rules and pioceduies established by the Ad Co-op | No Ad Co-op created oi managed by us
will be permitted, without oui consent to impose lee or contributions on franchisee mcmbeis on
an unequal basis oi to allocate votes among fianchisee membcis on a basis other than one \jote
pel Pure Bane Studio We have the light to resolve any disputes between oui lianchisees
concerning each Ad Co-op and oui fianchisees must adheie to oui decisions lelatcd to disputes
Studios owned by us oi oui affiliates will contiibute to the appiopiiate Ad Co-op on the same
percentage basis as franchisees Each Ad Co-op will| be organized and governed by wiitten
documents in a form and mannei and begin operating,on a date that w'e detennine m advance
Such wiitten documents will be available loi paitici aating franchisees to review We may
change, dissolve and meige Ad Co-ops
Separate from your payments to the Ad Piogiam, you must spend no less than $1,000 to piomote
and host a grand opening event at the Studio We reserv e the right to approve all aspects ol your
gland opening event
We reserve the right, at any time, to increase the amount of Ad Fees you must contribute to the
Ad Program, your local adveitising expenditures, and your Ad Co-op contributions Howevei,
you will not be lequired to contribute to these ad flindsj in the aggregate, more than 5% of ybui
Studio s Gloss Sales, unless you and the othci membeis of youi applicable Ad Co-op vote to
inciease contiibutions to the Ad Co-op
Computer System
We do not cunently require any specific cash legister system to be used at youi Studio You
must purchase a peisonal computei that has a continuous high-speed connection to the Inteihet
and that is sufficient to operate the web-based business management and point-ol-sale soltwaic
piovided undei a softwaie license agieement you must purchase horn vendoi MindBody Inc
with whom we contiact to collect sales mfonnation and client details which may include name
date of biith addiess email and telephone numbei MindBody is not an accounting piogiam
you will need to puichase sepaiate accounting software oi hue a bookkeepei oi accountant to
manage the finances of youi Studio Wc will have access to all data enteied into the MindBody
software and theie is no contiactual limitation on our right to access this data MindBody Inc
chaiges a monthly subsciiption fee of $75 to $95 depending on the numbei of teacheis in youi
Studio We do not piovide tiaining for the MindBody softw^aie Theie aie no othei specific
lequiiements foi the type of computei you puichase foi use in youi Studio We estimate that the
cost of a computei system that meets this ciiteiia to be appioximately $750 to $1,500 youi cost
may diffei depending upon the type ot computei youj puichase additional softw'aie and t'he
maintenance package you select You aie wholly lesppnsible foi all haidware and computei
netwoik maintenance and maintenance and upgiades of othei softwaie, which must be done in a
IXin. BariL
j^l--v 0320lfi TDD
This document was1 downloaded from franchimp.com.
168 001 004U22I28 All the information
I.VM.ilir ^ on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
limely mannei We leseivc the iighi lo spcuiv dilfcienl haidwaie and sollwaic svslcins im the
lulLiie and thcie is no contiactual limilation on the cost and licquuic} of oiii light to lequiic
such upgiadcs oi updates
In addition to the haidwaie and soltwaie requiicments summaiizcd above \vc and oui alfihates
also icseive the light to develop piopiietaiy soitware oi technology and license it to >ou oi to
acquiie thiid-paity soitware that we sublicense to you toi a lee which we cuiiently estimate
would lange between $150 to $250 pei month We do not cuirently have any such pioprietaiy
software or technology but we may develop it duimg tlie term ol youi tianchise
Operations Manuals
The table of contents ol the cuiient veision of the Manuals is included as Exhibit E Oui cuiient
veision of the Manuals has 4^363 pages We continually update the Manual to rellect revisions
to the fianchise system new pioducts oi seivices, ana changes in oui prescribed methods of
operation Undei the teims of the fianchise Agieement, we aie entitled to levise the Manuals at
any time, and you will be obligated to adheie to those levised specifications and lequirementS'
Training
TRAINING PROGRAM
i
Hours of Hours of
Subject Classroom On-The-Job
1
Location
Training Tiainmg
s\
Wami Up Techniques 4 Denver Coloiado or |
Spartanbuig South
Carolina
Seat Exeicises 4 i
Denvei, Colorado oi
Spaitanburg South
Caiolina
Abdominal Exeicises 4 L
Denver Coloiado oi '
1
1 Spartanbuig South '
Caiolma
37
Pure llarrt
30+^2^ I DD
This document was1168001
downloaded onPi2Ti?.s
from franchimp.com.ivi4un4
All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ITouis ot Flojuis ol
Subject Classroom On-The-Job Location ,
1
flaming I laining
Cieatmg the Puie 10 Denvci Colorado oi
Bane Expeiience Spaitanbuig South
1 Caiolma
TOTAL 23 28
11
You (it you aie an individual) oi youi Designated R'epiesentative (defined in Item 15) must
attend training, along with vour Operations Manager ^defined in Item 15) and . Lead Teachei
(defined in Item 15) and any othei peison who intends to manage yoiii opeiations or provide
workout services directly to customers, up to 6 persons total You and those persons must
complete training to oui satistaction to ensure that you are adequately prepared to operate youi
Studio We generally require you or youi Designated Representative to complete the training
first, and then accompany the rest ot youi trainees as they participate m training We require
each trainee to sign a confidentiality and non-competitijan agieement on our then-cuirent form if
they are not individual signatories to either the Franchise Agreement or a personal guaranty ot
the Franchise Agreement
Training classes are not held on a fixed schedule, and depend on when new franchisees join the
franchise system Training classes are conducted after you sign the Franchise Agreement and
typically while your Studiois m the build-out phase You must complete all required initial
training appioximately 4-te-6 to 8 weeks betoie opening your Studio You may also be lequired
to participate m subsequent training or lelieshei coqises after youi Studio is open All
individuals paiticipatmg in Initial Tiammg must attend simultaneously I
We will piovide you with tiammg materials contained m the Manuals, which includes oui
training manual covering class format, positioning and choreography, propei fonn and
modifications teaching skills, and evaluation and leview forms Training courses cunently are
conducted by master trameis Oui Direct ot Training and Quality Assurance is Katelyn
DiGiorgio Ms DiGiorgio has 4ftl 1 years of expeiience m the mdustiy and has-been oui Dnector
of fraininu and Oualih Assurance since October 2013ovei 2 veais of expeiience with us
Classroom tiammg is cunently held at oui tiammg studio m Denver Colorado oi Spartanbuig
South Caiolina, and lasts 4 days On-the-job tiammg occurs at a place of your choosing
(typically youi home oi studio) Before the onening oi voiii Studio, we also leauiie vou to
paiticmate in anpioximatelv 6 conference calls and/or webinars to tram vou on certain asoectsipf
the required MindBodv software program, membership piesales marketing and daily
operations You will use our materials foi on-the-job training but we do not supeivise this aspect
ot training There is no additional fee toi youi initial training, but loi any subsequent tiammg oi
ongoing educational couises we chaige oui then-curient tiammg fee (see Item 6) You will be
obligated to pay any expenses foi you oi youi employees under travel lood accommodations
and any wages due duiing the tiammg process
Pure B irre
3Ql 3_032fll6 I PP
This document was1168downloaded from franchimp.com.
001 00-IM23I28 All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1.1/1.1111^4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
II CM 12 rCRRI ORY
Franchise Agreement
You will not icceivc an exclusive teiiiloiy You may lace competition horn otlici fianchisecs
liom outlets that we own oi liom othci channels ot distiibution oi competitive biands that we
contiol ^
Howevci once a location is selected approved by us land puichased oi leased by you, the
icmaindei ol Attachment A to the Fianchisc Agieement will be completed and signed by you
and us which will confiim the location ol your Studio and the piotected teiiitoiy that you will
leceive So long as you aie in compliance with the terms ot your Fianchise Agieement w'e >vill
not authorize any othei peison or entity including us and oui affiliates to opeiate a Puie Bane
Studio in yoLii piotected teiiitoiy The geogiaphic aieJot youi piotected teiiitory will depend m
pait upon the location ot the piemises like a city suburbs oi luial aiea For example the
protected teiritoiy within a city especially a laige city I is likely to be smallei than the protected
teiTitoiy ot a franchisee located m a luial less populated area Each protected tenitoiy is agieed
to by us and you
Undei the Fianchise Agreement, your Studio will operate from a specific location, tor which you
must obtain our advance approval Our then-current standards for proposed sites will apply
when we are making our deteimination whether to apprjave or disapprove a proposed site If you
and we have not agreed upon the location for youi Studio at the time you sign the Fianchise
Agreement, Attachment A to your Franchise Agieement will include a description of the
geographic aiea (the “search area”) in which you aie required to concentrate your eftoits at
locating the piemises tor youi Studio You will have exclusive rights to the search aiea ioi 60
days aftei the Fianchise Agieement is signed Howevei, attei the 60-day exclusive peiiod the
search aiea will be non-exclusive and it is possible that there could be multiple lianchisbes
seeking locations toi Puie Bane studios at the same time
We and oui alfiliates do not cuirently plan to operate a competing fianchise system ofteimg
similai goods oi seivices but we aie not piohibited tiom doing so Wc and our affiliates reseive
the lights to oftei products thiough alternative channels ol disliibution (including chain
waiehoLise, club and othei stoics the internet (e-commerce), electionic media, and/oi any othei
means ol distribution whethei existing now or in the tuluie) undei the Marks oi othei
tiademaiks oi seivice maiks Except as txpiessly limited by the pievious sentence, we and oui
affiliates letain all lights with lespect to Puie Baire studios the Maiks the sale of similai'oi
dissimilar pioducts and seivices and any othei activitjies we deem appiopiiate whenevei and
w'heievei w'e dcsiie We also have the light to entci into agieements wnth customeis locatedj m
your piotected teiritoiy to piovide seivices diiectly to them but m that event, we will give )|ou
the option to piovide those seivices to those customeis|on the lemis we have agieed upon with
them We and oui alfiliates may acquiic businesses pipvidmg products and seivices similai-to
those piovided at youi Studio, and we may conxert such businesses to Puie Bane Studios and
fianchise license, oi cieate similai airangemenls with lespect to these businesses once acquiied
even il these businesses (oi the hanchisees or licensees of these businesses) aic located oi
opciatmg in youi piotected tcnitoiy We aie not otheixpse required to compensate you foi any
permitted sales we make within youi piotected teiritory
39
Piia B irrt
304V0320I6IDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 0QM22I2S 1.3/1411 I.1.4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Ceilain alfiliates oi the paients ol oui l\iient have owneisiiip in Wvwlaeel-Snei-t-s - Inc-Peloton
inlhe-y-S that also sells letail athletic
I
By enteiing into a Fianchise Agieement you pledge to generate a minimum amount of Royalties
dining each lolling 12-inonth peiiod of the teiin of the Fianchise Agieement (the ‘Minimum
Cumulative Royalty ’) If you sign a single-unit Fianchise Agieement, the Minimum Cumulative
Royalty will be $14,000 II you sign a Fianchise Agreement in connection with a Multi-Unit
Development Agieement, the Minimum Cumulative Royalty will be (i) $15 750 as of the end of
the 12th month ol operation (based cnliiely on annualized Gioss Sales duimg the second 6
months ot operation), (ii) $17 500 as ol the end of the 18th month ot opeialion foi the hailing
12-month period and (in) $22 750 as of the end ol the 24th month of opeiation and foi each 6-
monlh peiiod theieaftei toi the hailing 12-month period The initial lolling 12 month starts on
the 13th month following the opening ot youi Studio and extends loi 12 months Any failuie by
you to geneiate the lequired Minimum Cumulative Royalties m any lolling 12 month period \vill
be a mateiial default undei ot the Fianchise Agieement Flowevei, with lespect to the initial
instance m which you fail to geneiate the Minimum Cumulative Royalties you w'lll be able to
cine the default by paying us an> shoitfall in any requiied Minimum Cumulative Royalties The
shoitlall payment is due 30 days following the end of the applicable rolling 12 month peiiod m
W'hich the shortfall occuiied Any subsequent failuie by you to generate the Minimum
I’urt Dnrrc
:OI-'_0-'2flJilDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6& 001 0Q.4'.lj2 l2S l■VI4■3l^4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Cuimilcilivc Royditie'; will not be unable Faikiie lo pay the slioitlall li ciiiable oi otbtiwisc pay
Minimum Cumulalivc Royalties peimils us to tcimmale tout Fianchist Agicement
II YOU and wc entei into an Option Agieement betoie executing a I lanchisc Agicement then )ou
and we will agiee upon a designated Option Iciiitoijy and w'e w'lll loigo giantmg any othei
lianchise lights wqthin that Option leiiitoiy foi the teim ol the Option Agieement duimg which
time you will investigate the aiea and determine w'hethei you wish to entei into a Fianchise
Agieement The lee you pa> us to entei into the Optjon Agieement is non-ielundable even it
you decide not to enter into a Fianchise Agieement
You will not leceive an exclusive teiiitoiy undei the Multi-Unit Development Agieement You
may face competition tiom othei tranchisees from outlets that we owm oi tiom othei channels
ot distiibution oi competitive biands that we contiol
Howevei while you aie in compliance with the Multi-Unit Development Agreement and all youi
Franchise Agreements we will not establish oi license others to establish Puie Bane Studios
within your Development Area during the term ot the pilulti-Unit Development Agieement You
are not required to achieve certain sales volume, market penetration or other contingencies in
order to maintain youi exclusivity tor the Development Area, but your failure to comply with the
Development Schedule will be a material breach of the Multi-Unit Development Agreement,
which may result in our terminating the Multi-Unit Deyelopment Agieement
The Multi-Unit Development Agreement giants you tlie right to acquire franchises to develop,
own and opeiate Puie Bane Studios w'lthin the designated Development Aiea that will be
desciibed in Attachment A attached lo the Multi-Umt pevelopment Agieement
The boundaries of the Development Aiea will typically be described by an aiea encompassed
within a circle having a ladius ot a specific length which may be described by lefeiiing to a
particular city county, oi othei political boundaiy We will determine in oui discietion the
Development Aiea we will ottei to you before you sign! the Multi-Unit Development Agieement
We detennine the size ot the Development Aieaj based on multiple factors including
demogiaphics, tiaffic patterns competition youi capacity to leciuil and provide scivices in the
Development Area and site availability among other economic and market factors 1 he Multi-
Unit Development Agieement expnes on the lequiied opening date specified on ,the
Development Schedule foi the last Puie Bane Studio you aie lequiied to develop undei the
Multi-Unit Development Agieement When the Multi-jUnit Development Agieement expnes oi
IS teiminated the giant ol Multi-Unit Development lights including the aiea piotection
confeiied by the Multi-Unit Development Agreement, tenninates Youi light to use the Puie
Bane franchise system will be limited to those Puie Bane Studios operating undei Fianchise
Agieements you (oi an appiovcd affiliate) may have enteied into befoic the expiiationl oi
teimination ot the Multi-Unit Development Agreement I '
We and oui alflliates lelam the light to (1) establish opeiate and allow otheis lo establish and
operate Pure Bane Studios using the Marks and the Pure Bane fianchise system at any location
outside the Development Aiea on teims and conditions we deem appiopnate (2) establish
PiifL B im.
201^ 0^2016 rPD
This document was1168
downloaded
001 from franchimp.com.
00 0122-128 ImAll the information
/1421 I2.4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
opeidle and allow otheis to establish and opuate othei exciuse and woikoul studios anvwhuc
in the woild that may otiei pioducls and seivices that may be identical oi simdai to pioducts and
seiviccs otteied by Puie Bane Studios but undei tiade names liademaiks seivice maiks land
commeiual symbols othei than the Maiks, (3) opciate oi license otheis to opciate Pine Banc
Studios that we oi oui designee acquiies liom a tianchisce as a lesult ot the txcicisc oi oui light
o( (list letusal oi light to puichase as provided m the! fianchise Agieement, and (4) establish
opeiate and allow otheis to establish and opeiate othei businesses and distnbution channels
(including the Internet) vvheievei located oi opeiatmg and legaidless of the natuie or location oi
the customeis with whom these othei businesses and distnbution channels do business that
operate undei the Marks oi any othei tiade names t ademaiks, seivice maiks oi commeicial
symbols that aie the same as oi diffeient tiom Pine Bane Studios, and that sell pioducts oi
seivices that aie identieal oi similar to oi competitive with those that Puie Bane Studios
CListomanly sell In addition we specifically letain the light undei the Multi-Umt Development
Agreement to (1) acqune the assets oi ownership inteipsts oi one or moie businesses including
Competitive Businesses (as defined m Item 17) and tianchismg, licensing oi cieating sinnlai
anangements with respect to these businesses once ac^uiied, wheievei these businesses (oi the
franchisees oi licensees ot these businesses) are ocated or opeiatmg (including m the
Development Area), (2) be acquired (whether through acquisition of assets, owneiship inteiests
or otherwise, regardless of the form of transaction), by any Competitive Business, even if this
business operates, franchises or licenses these businesses in the Development Area, (3) operate
or grant a third party the right to operate any Puie Barre Studios that we or our designees acquire
as a result of an exercise of a right of first refusal or purphase right under a Franchise Agreement,
and (4) engage in all othei activities not expressly prohibited by the Multi-Unit Development
Agreement As noted above, the FKwheelPeloton. Sweaty Betty and CorePower Yoga brands
may conduct business and solicit customers in your Development Area |
You may not engage in any promotional oi similar activities, diiectly oi indirectly, thiough oi on
the Internet catalog sales telemarketing or othei direct maiketmg campaigns, without oui
consent
We aie not lequired to pay you il we exeicise any of thje lights specified above inside oi outside
youi Development Aiea
ITEM 13 TRADEMARKS
I
The following is a description of the principal seivice inaiks that we will license to you Fhis
seivice mark is legisteied on the Piincipal Registei o "the U S Patent and Tiademaik Office
( USPTO ) All lequiied affidavits have been filed
Piia B irrt
032016 I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 0011132128 IVI4:!m4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Registiation Registi ation
Maik Classes Date I
Number
The chart does not necessarily include eveiy trademark that we own, and the Franchise
Agieement gives us the nght to add, modify, or lemovejmarks from those that we license to you
There are no currently effective material determinations of the Patent and Trademark Office, the
Trademark Trial and Appeal Board, or any state trademark administrator or court under the Mark
listed above We also are unaware of any pending infringement, opposition, oi cancellation
proceeding, or of any pending fedeial or state matenal litigation regarding our use or rights in
any Mark, and we know of no superior rights or infringing uses that could materially affect your
use of the Mark listed above j
The Marks and othei intellectual piopeity are owned by Parent which, undei an Intellectual
Piopeity License Agieement dated Octobei 11, 2012 (the “IP License Agieement ) has gianted
us the light to use and subhcense the use the Marks and othei intellectual pioperty The initial
term of the IP License Agieement is 10 years, and it automatically renews for unlimited
successive one-yeai teims The IP License Agreement may be teiminated by Patent, with oi
without cause on 30 days piioi wiitten notice to us If we weie evei to lose oui rights undei the
IP License Agieement, all franchise agreements will automatically be assigned to and assumed
by Parent so youi rights to use the Marks and othei intellectual pioperty in accoidance with the
Fianchise Agieement will not be impacted Flowevei we would not be authoiized to add
additional hanchises undei the Multi-Unit Development Agieement and that would cause us to
bleach the Multi-Umt Development Agreement unless that agreement is also assigned to and
assumed by Paient (which does not happen automatically) Othei than the IP License Agreement
theie aie no agieements cuiiently in effect which limit 6ui lights to use oi license the use ol any
ol the Marks m a mannei that is matenal to the fianchise
You aie obligated to notify us if you leain ol any appaient oi potential inirmgement ol any Maik
as well as any challenge to oui or youi use of the Marks We have the right to control any
litigation that arises out an> claim related to the use ol^the Maiks including whether to initiate
litigation to challenge another person s mfimging use We will defend and indemnify you
against any third-paity claim that you have unlawfully used the Maiks while youi actual use
Pure Barre
-20 b 0320161 DP
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 OO-P-122428 I.VI4im.4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
oompljcs wilh the Pianchisc Agiecmenl and any olhei itstiiLlions Ol speuTications imposed by
the Manuals We may adopt new Maiks and discontinue the use ol existing Maiks and you |\\ill
be lequiied to make the coiicspondmg changes to voui Studio at yoiii expense
No patents oi pending patent applications aie mateiial to the tranchise We oi oui affdiates
claim copyiights m the Manuals (which contains oui jtiade seciets) adveitismg and maiketmg
mateiials, and similai items used m opciatmg youi Studio In some instances we oi affiliates
have obtained fedeial copyright icgistrations foi oui teachei training manuals and oui cxeicisc
piogiam DVDs You may use these items only as we specify while opeiatmg youi Studio (and
must stop using them if we so diiect you) The followin'g is a desciiption of certain copyiights ioi
which OUI Parent has acquired federal legistiation anld which we are authoiized under the IP
License Agicement (see Item 13) to use and peimit oui franchisees to use
The chart docs not necessaiily include eveiy copyiight that we oi oui affiliates own
Theie cuiiently aie no effective adveise deteiminations of the USPTO, the United States
Copyiight Office, or any court regarding the copyiighted materials Except for the IP License
Agreement, no agreement limits oui light to use oi allow others to use the copyrighted materials
We do not actually know of any infimgmg uses of oui copyiights that could mateiially affect
youi use of the copyrighted materials m any state
The Manuals and other mateiials contain oui confidential mloimation (some ol which constitutes
tiade seciets undei applicable law) This infoimation includes location selection ciiteria, product
and services specification standaids training and opeiations mateiials, methods formats
specifications systems pioceduies tiainmg techniques sales and maiketmg techniques
knowledge and expeiience used m developing and operating youi Studio, marketing and
advertising piogiams foi your Studio, any compulei softwaie or similar technology that] is
piopiietaiy to us oi the franchise system, our music playlists that we piovide to you, knowledge
ol specifications foi and suppliers of products and seilviccs and othei pioducts and supplies
Puri. Barrc
2013 0>20i(srDn
This document was1 downloaded from franchimp.com.
168 001 00l'-lj-2-l28 All the information
13/1-11112 4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
knowledge ol the opeialmg icsults and llnancnl peilomience ol Pme Bane studios olhei than
Youi Studio, giaphic designs and lelated intellectual piopeity inloimation about membeis sueh
as membei names addiesses telephone numbeis e-niail addiesses buying habits piefeiences
demogiaphie inloimation and lelatcd inloimation ,
1
Franchise Agreement
If you operate the tranchise through a-eeiporalten, limited liability company, or parlnershtpan
entity you must designate and request our approval of one of youi owneis (who must be a
natuial peison) as Designated Repiesentative You may not change youi Designated
Repiesentative without oiii consent Youi Designated Representative will be authoiized on youi
behalf to deal with us m lespect of all matters whatsoever which may arise m lespect of youi
franchise agreement
In addition, whethei vou are an individual or il vou on erate the franchise through an entity, you
wiH-aopomt subiect -to our aBOioval must desianate cc;rtam individuals to function in kev loles
(‘Kec Roles '1 m the ooeiation of the Studio Thesel kev individuals include an ‘Ooeiations
IVlcUlaiiCI WilU Ja ULlUilllcU UlIU LuUUUlC Ul UCl lUNlllIlii LlMUdllU d L^CdLl I CdCllCI 1 liC WUCldllUIlo
Manaaer must work on a tull-time basis and he or she will manaa-m«e the coie ooerations ot
“Lead Teacher ” will in addition to teachma elasses oveisee and leview the neifoimance of
voui other teaeheis T he Kev Roles mav with oui niioi annioval. be consolidated and be
oerlormed bv one oerson We mav leauire that Kev Roles be filled bv one oi moie of voui
owneis and if we determine that voui owners aie not Qualified to fill a Kev Role vou will be
reauiied to appoint one oi more of voui employees to do so In anv event, each neison filling a
Key Role is at all times subiect to oui acceptance and approval and must have completed to oui
satisfaction, anv tiaming oiograms that we require ne rsons m those loles to complete Unless
45
riirt LI 11 iL
301-1-052016 1-00
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 00 IU2242S 15/14.11 H-1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
senino as the-Qpei-dlriens N4afteaeiiii a Key Role you die not peisonally lequiicd to pditicipale in
the detedcliicct ooeiation ol voui Studio Opeidtiei>s Managei is leqimed to-complete initul
tuw-mng piegiam to-oui sjtifrkittion and to take pait i-n-any othe-i-tidinii^g that we latei lequiic
We do notdeqiiiie that the Opeiations Managei hold any owneiship inteiest it )OU aie an-e-ntit)
If the Ooeiations Manatici [i an individual fiHinu d Key Role is not an ownei ol you then you
must diiectly ensure that the Operations Manauei individual maintains the conlldentialitv of the
Manuals and all othei confidential intonnation that we piovide you oi allow you to access In
addition, we may leauiie you to obtain noncompetition' covenants horn individuals who seive in
a Key Role
Eithei you oi, it you die at any time a corpoiation a limited liability company a geneial, limited
Ol limited liability paitneiship oi anothei toim ot business entity an individual that diiectly oi
mdiiectly owns at least 25% of the owneiship inteiest in you (the Managing Ownei ) appioji^ed
by us must devote an amount ot his oi her business time and efforts to the operation, piomotion
and enhancement ot the business undei the Multi-Unit Development Agieement You or the
developei’s Managing Ownei must supervise the development and operations ol Pure Bane
Studios franchised undei the Multi-Unit Development Agreement
If the fianchisee oi developei is a legal entity (othei than an individual), each owner of the entity
IS requiied to sign an agieement (a “Guaianty and Assumption Agieement ) undei which the
owner will peisonally assume and guaranty the peiformance of the fianchisee’s oi developei s
obligations to us under the fianchise Agreement and Multi-Umt Development Agieement as
applicable It you are an individual, youi spouse must also sign the Guaianty and Assumption
Agieement for the limited pin pose ot acknowledging and consenting to the execution ot the
Guaianty and Assumption Agieement by his oi her spouse to bind the non-owner spouse s
inteiests m marital assets The execution by a non-owner spouse does not bind the non-spouse s
peisonal property noi does the non-ownei spouse othei wise peisonally guaranty or peisonally
assume the fianchisee’s oi developei s obligations to us undei the Fianchise Agreement oi
Multi-Unit Development Agieement
We will establish the goods and seivices that you aie permitted to sell and you must oftei toi
sale all goods and services that we specify In geneial :^ou will be ofleiing woikout seivices and
fitness-ielated goods beaiing the Puie Bane name and logo We have the unlimited light to
change the goods and seivices that must and may be otfeied to customeis and you will have the
obligation to adheic to any ol these changes
I uri. Barn.
20l.-r-te2016 I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ITEM 17 RENEWaM irRMlNAflON 7 RAN^p’R AND DISPU I E RESOLUTION'
I I
lliis tabic lists certain important piovisions of the fianehisc and i elated agi cements You
should lead these piovisions m the agreements attached to this disclosure document
Pure Bnrrc
30l> fe20l6l DP
This document wasII6Sdownloaded from franchimp.com.
001 00l\l22n8 All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I-VI41111.-1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Provision ScLtion in tranchisc Summan
or other agi cement
Requiiemcnts Fianchise Agieement 1 0 qualily to lencvv \'ou must (i) piovide notice of your
loi lianchisec Sections 111 112 intent to entu into a iene\\ between 90 and 180 days beloic
to lenew oi and 11 4 the end ol the applicable teim (unless we modily tb'at
extend peiiod) (ii) be m lull compliance with the Fianchise
Agieement the Manuals and any othei agieement with us oi
OLii afFiliates! (ill) have and be m good standing with all
licenses and permits (iv) be m full compliance with all
monetaiy obligations to us, oui affiliates, and all thud
parties (v) have made any lequiied modiFications and
upgrades to the location and operations, (vi) have committed
no moic than 2 mateiial defaults ol the Franchise Agieement
foi which you icceived vviitten notice and a demand foi cuie,
(vii) have the light to retain possession of the location loi the
teim of the successoi agieement, (viii) sign a geneial lelease
of all claims against us (to the extent peimitted by applicable
law), (ix) meet all general lequnements then applicable to
the appioval of new franchisees, (x) pay a lenewal tee of
$5,000 m lieu of the initial fee othei wise due under Ithe
successor agreement, and (xi) sign our then-cuirent form of
Franchise Agreement that may contain materially different
terms and conditions than youi oi iginal contract ,
Not applicable in
Multi-Unit
Development
Agieement, Option
Agreement, or
Development Services
Agreement
Purt. BdFTL
20 b 032016 I DD
This document was1168
downloaded from franchimp.com.
001 001'I22128 All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
IVUdin.-l
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Piovision Stclion in franchise Summary
01 other agi cement
I cimination by Fianchise Agieemcnl You may tei inmate il we violate a mateiial and substantial
lianchiscc Sections 14 1 piovision ol the Fianchise Agieemcnl and tail to icinedy oi
make substantial piogiess towaids cm mg the \ lolalion
within 60 days attei leceiving wiitlen notice liom you
Development Sei vices You may teiinmate i1 we mateiially bieach the agieement
Agieenient and do not coiiect the failuie within 30 days ol dcliyciy ol
Section 4(b) notice of the bieach
Not applicable in
Multi-Unit
Development
Agreement oi Option
Agieement
Teimination by Not applicable m We may not tennmate w'lthout cause
fianchisor Fianchise Agieement,
without cause Multi-Umt
Development
Agreement, oi Option
Agreement
Development Services We may temiinate without cause upon 90 days wiitten
Agreement notice to you
Section 4(a)
Tennmation by Franchise Agreement We are permitted to tennmate with cause For curable
franchisor with Sections 14 2 14 3 defaults we must give you written notice and allow^ 10 days
cause and 14 4 for cure
Multi-Unit We may teiminate only if you oi youi owners commit one of
Development several violations Undei cross-default piovision we can
Agreement Section terminate the Multi-Unit Development Agreement if you oi
7A your approver affiliate fails to comply with any piovision ol
any Franchise Agieement and does not cuie such failuie
within the appilicable cure peiiod
Development Sei vices We may teiminate if you mateiially bieach the agieement
Agieement and do not coirect the failure within 30 days of delivciy of
Section 4(b) notice of the breach ^
Not applicable m
Option Agreement
Puri. Bnrre
■20l3_032fll^l DO
This document wasI downloaded from franchimp.com.
168 001 00IM22I28 All the
I.VI4 j>Iinformation
l.v-t on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Provision StcTion in franchise Summary'
01 other agreement
Cause Fianchisc Agieemcnl Cause toi teimination that may be cuied is a violation ol any
detined- Sections 14 2 and mateiial pio\jision ol the Fianchise Agiecmcnl e\cept loi
cuiabk 144 those that aie non-uiiablc oi that ait not leasonabl)
defaults susceptible to cuie It you violate anv health safety oi
sanitation law you will have 72 hours altei notice liom us oi
anv third nartv to cuie Undei cioss-default piovision, cause
to tenninate the Franchise Agiecment also includes any
ciicumstancejthat would give rise to a teiminable default
undei any othei franchise agi cement between us oi oui
affiliate and you the Opeiations Managei a Lead T eachei
or any entity that is majoi ity-ow'iied by one oi more ownei ol
the tianchisee entity
Multi-Unit Undei the Multi-Unit Development Agieement, you have 10
Development days to cure monetary defaults, failuie to tuinish leports
Agi cement financial statements, tax retuins oi any othei documentation
Section 7 A requiied, 30 days to cure a failuie to comply with the
development jschedule (unless caused by a Casualty Event),
and 15 days to cure any failuie to obseive, perform or
comply with any other of the terms or conditions of the
Multi-Umt Development Agreement, and applicable cuie
period for defaults undei Franchise Agreement The time tor
cure will be extended for up to 180 days if the leason toi the
default was a ‘Casualty Event, defined to be a fiie* tornado
huiricane flood, earthquake or similai natuial disastei
beyond your control
Development Sei vices Any material breach that lemains uncuied foi 30 days aftei
Agi cement delivery of written notice
Section 4(b)
Not applicable in
Option Agreement
Pure Barrc
20l> 0-'20l6 I DO
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
116S 001 004VI2212« IVM'113.4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Pi o\ iMon Stction m fr.iiichisc Summai\
or other agi cement
‘Cause Fianchise Agieement We aie not ie|qLiiicd to otfci any oppoitunity to cuic lj)eloic
dcfincci- Sections 14 3 and teimination i1| you (i) have misicpitscnted oi omitted mateiial
iion- cut able 144 facts in yoLii application oi othti matciials piovidcd to us
dclaults befoit enteiing into the Fianchise Agieement (n) fail to
complete initial tiaming to oui satisfaction (in) becoine
bankiLipt oi iijisolvent oi otbeiwise unable to pay youi debts as
they become Hue (iv) make an assignment foi the benefit ot
cieditors hav^e a receivei oi similar custodian appointed oi
make a disposition ol substantially all of youi assets ■
(v) abandon oi cease operation ot youi Studio oi cease to
communicate with us (vi) youi self oi thiough any ownei aie
airested foi held liable for aie convicted of or plead guilty oi
no contest to a chaige ol violating a law lelevant to youi
Studio (vii) >'ou Ol any ovvnei is intoxicated or undei the
influence of illegal diugs while at the Studio (viii) attempt to
assign transfei, oi make unauthoiized use of the Marks oi
disclose or make unauthorized use of the Manuals or othei
confidential materials or information, (ix) fail on 3 oi more
separate occasions within any 12-consecutive-month period to
comply with the Franchise Agreement whether or not you
correct the failures after our delivery of notice to you, (x) fail
on 2 Ol more separate occasions within any 6-consecutive-
month periodjto comply with the same obligation undei the
Franchise Agreement whether or not we notify you of the
failures, and, if we do notify you of the failuies whethei oi not
you collect tlie failuies after oui deliveiy ol notice to^you, (xi)
fail to meet the minimum lequired Cioss Sales (xii) fail to pay
when due any| amount owed to any cieditoi, suppliei oi lessor
of youi Studio and do not coirect the failuie within any
applicable cuie period (xiii) you oi youi Operations Managei
01 othei employees fail to satisfactoiily complete any|additi'onal
training oi education piogiams we lequiie within 30 days of
notice fiom us ef-(xiv) fail to meet the requiied schedule to
obtain youi Studio s location complete constiuction and open
foi business oi (xvi vou neimit a condition at the Studio
memises that'causes an immediate nublic health oi safety
concern Undei cioss-defaull piovision we aie also peimittcd
to teimmate without notice to the extent and m the >
ciicumstances provided foi undei any othei fianchise|
agreement between us oi oui affiliate and you the Opjeiations
Managei ot a|ny entity that is ma|oi ity-owned bv one oi more
ownei of the fianchisee entity
51
Pure Uarrt.
2013 0^2016 100
This document wasI downloaded
I6S 001 00I\I22I2S |3/I4U
from franchimp.com. IS4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
All the information
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Pi ovision StLiioii in franchise Suniniai'j
01 othu agreenicnf
Mnlti-Unit Non-cuiable oelaults undei the Multi-Unit Development
De\clopmcnt Agieement include ceasing oi thieatenmg to cease to cany
Agicement Section on the busine|ss, liquidation ol youi assets lailuic to pay any
7A debts 01 other amounts incuiied by you in opeiating the
business when these debts oi amounts aie due and payable
an assignment loi the benellt of cieditois appointment oi a
tiustee 01 leceivei 3 oi moie lepealed violations duiing any
12-month peijiod 2 oi moie lepeated violations duiing any 6
month pel iod|, in the event you are an entity liquidation oi
dissolution 01 amalgamation oi if you lose youi chaitei by
expiiation torleiture oi othei wise, mateiial
misiepresentations oi omissions conviction of a lelony
dishonest oi unethical conduct unappioved tiansfeiis of the
Multi-Unit Development Agieement oi an owneiship inteiest
in you, and your rejection of 2 or moie pioposed sites that
we have provided you j
Option Agreement We may terminate if there is a material change in youi
Section 2 4 application toj become a franchisee
Development Sei vices We may terminate if your Multi-Unit Development
Agieement Agreement is terminated
Section 4(b)
52
Pure B irre
2fH3 0.-)20lfil DP
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00PI2212S l■VI-^■1m4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Piovision Section in franchise 5uinman'
or othci agreement
Fi cinch I see s Fianchise Agicement You must (i) adheie to all post-teimmation covenants and
obligations on Sections 10 2 10 3 icstiictions (jn) pav all fees based on Gioss Sales made
leiminalion / 10 4 14 6 and 14 10 thiOLigh the Cjllectnc date ot termination and pay all othei
nonienewal amounts then due (ni) piomptly ictuin the Manuals any
Item bcaiing the Maiks and any othei copyiights oi
piopiietaiv mateiialsoi softwaie, (iv) cease doing any
business undci oi associated with the Marks (v) cancel any
coiporate or tiade name rcgistiations using any Maik oi
deiivative (vi) lemove from all propeity any Marks and
signs displaying the Maiks including trade dress (vii) assign
to us any telephone numbeis, domain names email i
addresses electronic network and diiectoiy lists undei the
Puie Bane Studio and cooperate with us to ensuie those
assignments, and (viii) allow us to conduct a Final audit and
to verify youi compliance with post- termination obligations
Notity clients of your Studio that you aie no longer oui
franchisee (also see (o) and (r) below) ,
Multi-Unit Under the Multi-Umt Development Agreement, you must
Development cease using the Marks and franchise system, return[all
Agreement Sections proprietary materials, forms, documents and information,
7 B and 7 D comply with confidentiality requirements, and comply with
all post-termination non-compete and non-sohcit cojk'enants,
and at our option, sell oi assign to us your rights m the Puie
Barre Studio piemises and the assets used m the business
Not applicable m
Option Agieement or
Development Sei vices
Agreement_________
Assignment ot Franchise Agreement No lestriction on our right to assign
contidct by Section 12 7
tianchisoi Multi-Unit
Development
Agieement Section
6A
Development Sei vices Wc may not tianslei oi assign the agieement except we
Agieement may assign to oui affiliate
Section 3
Not applicable in
Option Agieement
:>3
Pure liarrc
032016 I DO
This document was1168 00! 004MJ2118-1
downloaded from franchimp.com.>/14.0I.V4
All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Provision Section in fianchise Suminar}'
01 othci agieenient
Fianslei bv fianchise Agieemenl lianslei includes any assignment translei oi encumbiancc
lianchisec— Sections 12 1 12 4 ol an) intciest in oi ownciship oi contiol ol you the Puic
defined and 12 8 Banc Studio joi the fianchise Agieemenl Tianslei includes
any sccuiity inteiest gianted in the fianchise Agieemenl the
Location the Puie Bane Studio oi the assets of the Puie
Baiic Studio Transtei also includes any disposition lesultmg
horn death oij incapacity
Multi-Unit Includes voluntary oi mvoluntaiy sale assignment
Development subdivision sub-tranchismg giant of mortgage charge hen
Agieement Section 01 secLiiity interest, mergei oi consolidation sale oi
6B exchange ot \otmg securities, oi tiansIei caused by,divoice
01 death
Not defined in Option
Agreement oi
Development Sei vices
Agreement
Franchisors Franchise Agreement Any proposed tiansfer (including a change of the fianchise s
approval of Section 12 1 Designated Representative) requires our piior written
transfer by consent
ti anchisee
Multi-Umt We have the right to approve all-tfansters by you or youi
Development owners but will not unreasonably withhold or delay |
Agieement Section appioval—However-, tiansfers among current owners of
6B owneiship interests-only lequiie-prior notice it the Managing
Owner lemains the same and thei-e is no change m
contiol Any oionosed transfer leouires oui prior written
consent
Not applicable m
Option Agieement oi
Development Sei vices
Agieement_________
54
I’liri. li irre
30b 0>20I6IDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1 168 001 00-tM32438 l■VI431l■'4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Piovision Section III fianchist Suminai V
01 othei agiecmcnt
Conditions toi Fianchise Agicement No tiansleis betoie youi Studio is open loi business You
fianchisoi Sections 12 1 12 2 and the tiansljeiec must sign a consent to tianslei m
appioval ol and 12 3 substantially the loim icllected m Exhibit I Minimum
tianstei conditions to tianslci aie (i) you aie m lull compliance with
the Fianchise Agieement Manuals and any othei '
agieements with us oi oui alfiliates (ii) you have made all
requiied modifications and upgiades to location and
operations (iii) you oi the Iransfeiee has paid a fee 'equal to
25% of the th'en-cuiient initial fianchise lee (iv) we have
approved the teims of the tiansfei agieement (v) the
tiansfeiee has submitted all infonnation and meets the
cnteiia applicable to new fianchisees (vi) at oui option the
tiansteree has assumed the Fianchise Agieement and all
ancillaiy agiejements oi has signed the then-cunenl 'fianchise
agreement and'ancillaiy agieements, which may contain
teims that vary materially horn the cuiient form of franchise
agreement, (vjii) the transfeiee agiees to complete training
and pay us our then-current training fee, (viii) you obtain
necessary thii-d party consents to tiansfer licenses and othei
agreements, (ix) you and your owners sign a general release
of all claims against us (to the extent permitted by applicable
law), (x) we have elected to continue franchising generally
and in the area where youi location is located, (xi) \ye would
sell a franchise to the transfeiee undei noimal ciicumstances
55
Pint B irri.
2011 o.-)2ni6mo
1168 001 n04i4-2-2128-l-VI42l 12.4
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Provision Section in franchise Sunimai7
01 othci agreement
Fiancliisoi’s Fianchise Agiecment You must notilv us ol any acceptable bona Fide puichase
light ol Fust Section 12 5 oltei and we have the light to acquiie the same assets on the
lekisal to same teims y/t have 30 da>s to exeicisc oui light ol fiist
acquiie letusal, may substitute cash loi any othei loim ol
hanchisce s consideiation and may make lull payment at closing 11 we
business do not exercise oui light ol Fust lefusal and the teims ol the
otlei mateiiaUy change bcloie transfei oi the tiansfei is not
ettected within 90 days ol the initial notice to us then we
will have a renev\ed light ol Fust refusal All transleis to a
thud paity are subject to the transfer piovisions and|
lestiictions of the Fianchise Agicement It youi Stuaio has
been used as collateial foi an SBA-guaranteed loan [(which
requires oui pfior consent) we will not while such loan
remains unpaid exercise oui light ol First refusal with
lespect to a tiansfei of pait of the ownership interests m you
unless in connection with oui exercise of the right of fust
refusal we are paying oft the SBA-guaranteed loan, [howevei,
we reserve the right to assign oui right of first refusal with
respect to such tiansfers to an unafFiliated third-party
Pure Bjitc
201->0-.2ni6IDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00l\ljj-l28 I.VI43II'
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Pro^ ision Section in fi anchii^e Summary
or other agi cement
nanchisoi s Fianchise Agicement We may buv (i) the equipment used in the operation ol youi
option to Section 14 7 Studio at the then-cuiient book value using stiaight-lmc
pui chase depieciation and/oi (n) the location ol youi Studio (il owned
hanchisee’s by you oi one ot youi affiliates) at tan maiket value altei the
business Franchise Agieement is teiminated oi expiies (without
lenewal) If you do not own the location of youi Studio we
may require ;}oli to lease oi sublease the location toais
I
57
Piiri, Birrc
20i->_n.->20i6inn
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Pi ovision Sectuisi III fi ancliise Suminaiy
01 other agiecment
Death oi Fianchise Agieement Yoiii (oi anvbl }Ourowneis) dealh is a lianstei leqaiiing
disability ot Sections 12 8 OLii consent See(k)abo\e Howevei oui appioval will not
lianchisec be Linieasonably withheld oi delayed while at least one ol
youi owneis continues to be the Designated Repiesentativc
II as a lesLilt lof the death oi incapacity ot the tiansteroi, a
tiansfei is pioposed to be made to the tiansfeioi’s spouse
and il we do not approve the tianstei, the trustee oi '
admmistratoi jof the transferoi s estate will have 9 months
aftei oui refusal to consent to the tianstei to the tiansfeioi s
spouse vvithiJ which to tiansfei the tiansteioi s interests to
anothci paity w'hom we appiove We may appoint an interim
manager to ofieiate youi Studio fiom the time ol youi death
until the appointment of a new eQpeiations mManager You
will compensate the interim manager
I’lia Udrre
2(M-vQ->20lftlDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 001\I22I2S |-'/l4.im4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Piovision Section in francnisc Summan'
or othci agreement
Non- Fianchisc Agieemenl No pailicipation dining leim of Fianchise Agicemcnt with
compelilion Sections 10 1 10 3 any Competitive Business No use ol the lianchise system
covenanls Its cxeicisc lOLitines oi music plavhsts m any othci business
duiing the leim A. Competitijic Business is defined as any business (othei
ol the hanchise than anothei Puie Bane Studio) opeiating oi gianting
franchises oi licenses to otheis to opeiatc any fitness oi
exeicise business oi a business that sells fitness appaiel oi
equipment Fuithei, you may not reciuit or hue any
employee ot ouis oui atfiliates oi any othei fianchisees (oi
anyone who had been employed by any ot those entities
during the piior 6-month period) ol oi speak negatively ot
the Pure Bane biand oi maiks
59
Pure IlniTL
3Q4^e»20l6 I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 OOI\l-22-12S l.yHSI l.l-l
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
PlOVISIOll Section in fi anchise Summai7
or other agreement
Non- hianchise Agiecmcnl No paiticipalion loi 2 yeais with any business within a 30-
eompelition Sections 10 2 10 3 milc ladius ol eithci voiii Studio s location oi any olhei Puic
coxenants altei Banc Studio that is engaged in a Competilixc Business No
the tianchise is use ol the 11anchise system its exeicise loutines OI^muslc
teim mated oi playlists in any othei business You may not lease any leal
expiies estate in which you have an owneishio inteiest to a'
Competitive Business Fuithei foi 2 yeais you may not
leciLiit Ol hue any employee ol ours, our atfihates, oi any
othei tianchisees (oi anyone who had been employed by any
ol those entities duiing the prioi 6-month peiiod) You may
not speak negatively of the Puie Bane biand oi maiks
Pun. B irn.
30I.-; (b20l6 I IDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 0Qi'nTi2s
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Provision Section in franchise Summai Y
01 other agi cement
Modification r 1 anchise Agi cement No modifications except with the piioi wiittcn consent ol
ol Ihc Sections 14 15 4 1 both you and us except that we aic peimittcd to amend the
Agi cement and 16 11 Maiks at any tunc We aie peimittcd to amend the 'Manuals
at any time and you aie lequiied to comply with the
Manuals as anended
No piovision m
Development Seivices
Agreement
Integration / Franchise Agreement Only the terms of the agreement aie binding (subject to state
merger clause Section 16 4 law) Any representations or promises outside the disclosure
document anc fianchise agreement may not be enforceable
No provision in
Option Agi cement
Pure Bnire
20^ 032016 I PD
This document wasI downloaded from franchimp.com.
168 001 00I\I22I28 All the
|3/I4 jinformation
II- on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Provision Scclion in fidiithisc Suniniaiy
or other agreement
Dispute Fianchise Agieement We and you must aibitiate all disputes at a location m oi
lesolulion by Section 15 1 within 50 miljes oi oui cuiicnt pimupal place oi business
aibitidtion 01 (euiicnlly Spaitanbuig South Caiolina) (subject to slate
mediation Multi-Unit law) I
Development
Agieement Section
9A
Option Agreement
Section 3 3
62
Pure Ujire
26\i 0-»20l(S FDD
This document was downloaded from franchimp.com. All the ILiJ
I 168 001 nn-Prl^TQS I -./I-I' information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
HEM 18 PUBLIC r CURES
We do not cuiienlh use any public ilguie to pioniote OLii tianchisc system but \vc iesei\cllhe
light to do so in the lutuie
The ETC s Eianchisc Rule peimits a tranchisoi to piovide inloiniation about the actual oi
potential financial peitormance of its lianchiscd and/oi lianchisoi-owned outlets li theie is a
leasonable basis foi the infoimation and if the infpimation is included in the disclosuie
document Emancial perfonnance infoimation that differs fiom that included m Item 19 may be
given only if (1) a fianchisoi piovides the actual lecoids ot an existing outlet you aie
considering buying oi (2) a franchisoi supplements the infonnation piovided m this Item 19 loi
example, by providing mioimation about possible peifoimance at a particulai location oi undei
paiticulai ciicumstances
The Methodology—The infonnation in the following chait leflects solely with lespect to
franchised Pure Barre studios, system wide pei studio yjvverage Unit Volume for the trailing 12
months-ending-December->4. 20T4 Data Set As is common for new businesses generally, Puie
Baire studios typically experience revenue volatilit)^ during their first six^nonthsveai of
operation Their results are not reflective of and would artificially impact the results of studios
that have passed through the initial, six month opening phase and have achieved moie
opeiational stability As a result- | I
4—■ of the 343 franchisee-owned Pure Bane Studios in operation as of Decembei 31.
2015 we have eliminated from the data set 78 that weie not operating for alUof
calendar year 2015 The results shown in this Item 19 are based on the lesults of the
lemaining 265 fianchisee-owned studios, all !of which were open and operating as ol
December 31, 2014 Franchised studios-thlat weie not operating foi at least six
calendar-4Tionths-as of DeceiTiber 31, 2014 were disregai-ded
2 Foi studios that, as of December 31, 2011, had operated fei at l-east six-but fewei than
18 full calendai months the data foi the fust-six months ei-tlieii--opeiation vyas
disregaided, and the results for the lemaining months weie annualized by adding d^e
studio s-umt vehmie fer each full calendai- month aftei the 6th month dividing t
total by the numbei of months-mcluded then multiplying by 12-
3 Foi studios that had opeiated foi at least a full 18 calendai months the lesults foi allot
calendai yeai 20H weie included
-I—No affiliate-owned studios aie included m the data set
Unit volume was calculatedThe Methodology The lesults shown m this Item 19 reflect
solely with respect to the 265 fianchisee-owned Pure Bane studios in the data set svstem-wiile
pei-studio aveiage Unit Volume during calendai veai 2Cil5 foi ntiinoses of these calculations
Unit Volume was determined m the same mannei as you will calculate Gioss Sales undeiM
defined in the Franchise Agreement To calculate the average Unit Volume, we added the Unit
Volume foi all 265 franchisee-owned studios in the data set, then divided that number bv 265
The data used to calculate the studio s unit volume was obtained eithei fiom lepoits
63
Pure Bnrre
201^ 0->2QI6IDn
This document was1168
downloaded
001 from franchimp.com.
001M22I2 All the information
r-|-VI4ll IS.4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
SLibmiUtd by Jianchisees (m by oui polling the inloimalion diieUl'v lioin the hanchibecs point-
ol-sale systems Neilhci \\c noi oui affiliates have uncleitaken an independent investigation to
veiily the amounts lepoited b> fianchisees
for the Entire Data Set The aveiaae Unit Volume during calendar veai 2015^tor
all 265 of the tianchisee-owned studios in the data set was S366.916 OF the 265 studios. 111
f42%^ met or exceeded the average Unit Volume for the group The lanse foi the gioup was
$104 796 to $1.161.200. with 193 studios ('73%') falling ibetvi'een $200 000 and S550 000 '
Pure Uarre
30It fh2nui I DP
This document wasI downloaded
168 001 OfrAllj-ljS l■VI4tll,4
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Some Pine Bane sludios have earned this ame I in I riieie is no assuianee that you \vill
cam as much New fianehisees fmancial lesulls aie hkelv lo dillei liom the fmaneial
inloimation eonlamcd in this item 19 We stionglv Liigc you to eonsLilt w'llh voui financial
advisoi 01 peisonal accountant coneemmg the final cial analysis that you should make in
detcimining whethei oi not to puichase a Puie Banc lianehise
Othei than the pieceding financial peiloimance lepiesentation, we do not make any
financial performance lepresentations We also do not authoiize oui employees oi
lepiesentatives to make any such repiesenlations eithei bially oi in wilting H you die puichasing
an existing outlet, howevei we may piovide you with the actual lecoids ol that outlet It you
receive any othci financial peitoimance intormation or piojeclions ot your luture income, you
should lepoit it to the fianchisoi s management by contacting Sloan Evans €BQChief Operating
Otficei. PB Franchising LEG 100 Dunbai Stieet Spaita nbuig South Carolina 29306 (864) 594-
5712, the Fedeial Tiade Commission, and the appiopiiate state legulatory agencies
Table No 1
System-wide Outlet Si mmary
For years 204^2013 to 2»L42015
65
Pure B^rr;.
2011 0.'>20Ui I OB
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00I'I22 I2S I.VI-I3I l.l-l
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
fable No 2
1 lansitis ol Outlets liom riaiiehisees to New Owncis (othei than the fianehisoi)
Toi veaisma2Q13 to kl42015
1
66
I’liK. Raia
mt-M)320l6 1 I3D
iifisom nn-m2?i2s i.vmum4
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1
Totals 2013 1
- 2014 13
2015 12
Table No 3
Status ol Fianchised Outlets
Foi Yeai s 501^2013 to mU2015
State Yeai Outlets Outlets Teimmations N oil- Re Reacq lined Ceased Outlets
at Start Opened 11 ewals by Opeiations- at Cnd
ol Fiancliisoi Othei ot the
Yeai Reasons Yeai
Alabama m3 # 2 0 0 0 0 3
Alabama 2013 7 0 1 0 0 0 10
2014 10 0 0 0 0 0 10
Arizona 30+3 3i0 9i 0 0 0 0 31i
2015 1
Arizona 2013 2 2 0 1 0 0 0 4
2014 4 1 0 1 0 0 0 5
Arkansas 30+3 Oi 02 0 0 0 0 OS
2015 1
Arkansas 2013 0 1 0 0 0 0 1
2014 1 0 0 0 0 0 1
California 30+3 +41 &Q 0 0 0 +9 +01
2015
California 2013 19 4 0 0 1' 1 21
2014 21 7 1 0 0 0 27
Colorado 30+3 %21 09 0 0 0 0
2015
Coloiado 2013 8 1 0 0 0 0 9
2014 9 1 0 1 0 0 0 10
ConnectiLiit 30+3 0i£ +9 0 1 0 0 0 +19
2015
Con necticiit 2013 1 1 0 1 0 0 0 2
2014 2 2 0 0 0 0 4
Dekw^aie 30+3 94 0 0 0 0 0 04
1
2015
Delawaic 2013 0 1 0 0 0 0
2014 1 0 0 0 0 0
r1
OlStHCt ol 30+3 91 0 0 0 0 0 91
Columbia 2015
Distiict of 2013 0 1 0 10 0 0 1
Columbia 2014 1 1 0 ,0 0 0 2
FloHda 30+3 32 41 0 0 0 0 31
2015
Pint. B irre
2QI■^ 0-^2016 1 DD
This document wasI downloaded from franchimp.com.
168 001 00IM2212S All the information
IVI43I I3.-4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Snte Ycai Outlets Gullets 1 umimtinns N on- Re Rcacq lined Ceased Outlets
at Stait Opened n ewals by Opeiations- at Lnd
ol 1 lanchisoi Othei oi the
Ycai Reasons 'v'eai
rioi ida 2013 7 5 0 0 0 0 112
2014 12 10 0 0 0 0 22
Geoi ^la Ofl 1 T 322 32 0 0 0 0 429
2015
Geoima 2013 4 5 0 0 0 0 9
2014 9 6 0 1 0 0 0 '15
2015 15 5 Q 0 0 0 20
WahoHawaii 3^ 0 0 0 0 0 0 0
2013
2014 0 Q 0 0 Q Q 10
2015 0 1 0 Q Q 0 '1
Idaho 2013 0 1 0 0 0 0 '1
2014 1 0 0 0 0 0 '1
^4^^no^s 3^ 61 61 0 0 0 0 62
2015
Illinois 2013 0 7 0 i 0 0 0 7
2014 7 4 0 1 0 0 0 1 1
Indiana 3^ on 1 0 0 0 0 412
2015
Indiana 2013 1 1 0 0 0 0 2
2014 2 0 0 0 0 0 2
Kansas 3^ 62 +2 0 0 0 0 44
2015
Kansas 2013 1 0 0 0 0 0 1
2014 1 0 0 0 0 0 1
Kentuelvy 3^ 61 1 0 0 0 0 42
2015 1
Kentiickv 2013 4 0 0 0 0 0 4
2014 4 1 0 0 0 0 5
Louisiana 36+3 61 30 0 0 0 0 41
2015
Louisiana 2013 4 0 0 1 0 0 0 4
2014 4 0 0 0 0 0 4
Maiyland 36+^ 64 61 0 0 0 0 61
2015
Mai'vland 2013 0 1 0 0 0 0 I
2014 1 0 0 0 0 4
Massachusetts 36+3 44 61 0 0 0 0 65
1
2015
Massachusetts 2013 3 2 0 '0 0 0 5
2014 5 3 0 0 0 0 8,
Michigan 36+3 4S 1 0 0 0 0 59
1
2015 1
Michiaan 2013 5 2 0 0 0 0 7
2014 7 1 1 10 0 0 7
Minnesota 3643 62 1 0 0 0 0
2015
+fi
68
1 Lia Barre
I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6S 001 00 IM33-I2S 1:^/1431 13-4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Stale Yen Outlets Outlets 1 eimiualinns on- Re Reacqmied Ceased Outlets
at Stall Opened cwals by Opeiations- tt Cud
of rnnehisoi Othei ol the
Yeni Reasons Ycai
Minnesota 2013 1 0 0 0 0 0 1
2014 1 1 0 0 0 0 2
Mtssissi-ppi 3043 2 02 0 0 0 0 34
2015
2013 2 0 0 1 0 0 0
r
.2
Mississmoi
2014 2 2 0 1 0 0 0 .4
1
Missolih 3043 04 +2 0 0 0 0 4^
2015 1
Missoun 2013 1 0 0 0 0 0 |1
2014 1 1 0 0 0 0 2
M&fttana 3^ 02 +1 0 0 0 0 4-5
2015
Montana 2013 1 I 0 0 0 0 12
2014 2 0 0 0 0 0 2
Nebraska 3043 02 0 0 0 0 0
2015
Nebraska 2013 0 0 0 0 0 0 0
2014 0 2 0 0 0 0 2
Nevada 304^ +2 0 0 0 0 +2
2015
Nevada 2013 1 0 0 0 0 0 '1
2014 1 0 0 0 0 0 il
3043 1 0 0 0 0 4-2
2015
New 2013 0 0 0 Q 0 Q 0
Hamoshire 2014 0 Q 0 Q Q Q 0
2015 0 1 0 0 Q 0 1
3“
New leisev 2013 1 0 0 0 0 4
2014 4 1 0 0 0 0 5
New Yoik 304^ 45 44 0 0 0 0 32
2015
New York 2013 2 2 0 0 0 0 4
2014 4 4 0 0 0 0 8
Nertb- 3043 4S 0 0 0 0
Caiolina 2015 m 1
n
North 2013 7 0 10 0 0 10
Carolina 2014 10 4 0 0 0 0 If
Oh to 3043 314 32 0 0 0 0 OM
2015
Ohio 2013 6 0 0 0 0 9
2014 9 1 0 0 0 0 10
Oklahoma 3043 010 02 0 0 0 0 0J2
2015
Oklahoma 2013 0 1 0 0 0 0 1
2014 1 I 0 0 0 0 2'
Oiegon 3043 02 0 0 0 0 0 02
2015
Oieuon 2013 0 0 0 0 0 0 0
2014 0 3 0 0 0 0 3
PennsyKania ^1043 32 +Q 0 0 0 0
Pure Bjrrt
I DD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 n0l\l2jl28 I VI4-,in4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Stale Ycai Outlets Outlets Tei minations lj4on Re Rcatquilcd Ceased Outlets
at Start Opened |iie\vals bv Opeialions- at! Cnd
ol rianchibOi Olhei of the
Ycai 1 Rcisons 4eai
2013
Pennsvlvama 2013 2 0 0 0 0 '5
2014 5 2 0 0 0 0 7
Rliedfr Isl-and 01 02 0 0 0 0 02
2015
Rhode Island 2013 0 1 0 0 0 0 ,1
2014 1 1 0 0 0 0 2
South- 3044 +2 30 0 0 0 0 32
Carolina mi
South 2013 3 0 0 0 0 .6
Caiolma 2014 6 0 0 0 0 i9
Tenfiessee 3043 ^2 1 0 0 0 0 610
2015 1
Tennessee 2013 6 0 0 1 0 0 0 6
2014 6 2 0 i 0 0 0 9
Texas 3043 32 0 0 0 0 610
2015
Texas 2013 6 4 0 1 0 0 0 10
2014 10 11 0 1 0 0 0 21
ytah 3043 021 +2 0 1 ® 0 0 42S
2015
Utah 2013 1 0 0 0 0 0 1
2014 1 1 0 0 0 0 2
Veimont 3043 02 0 0 0 0 0 02
2015
Vermont 2013 0 0 0 0 0 0 0
2014 0 1 0 0 0 0 1
-Vngwia 3043 01 +0 0 0 0 0 1
2015
Virsima 2013 1 3 0 1 0 0 0 4
2014 4 7 0 1 0 0 0 11
Washington 3043 311 +4 0 0 0 0 311
2015
Washmaton 2013 1 0 L 0 0 0 4
2014 4 3 0 0 0 0 7
Wisconsin 33+3 02 01 0 0 0 0 OS
2015
Wisconsin 2013 0 1 0 0 0 0 11
2014 1 0 0 lO 0 0 1
TmjL 301 432 0 0 0 4444
ni lo
TtTTTiTj
Jm\J I A +0
2015
Totals 2013 111 66 0 0 1 1 175
2014 175 92 2 0 0 0 265
2015 265 IS 0 lO Q 0 343
1/ Duiing fiscal yeai 2013 we leacquiied the Solana Beach CA studio tiom a tianchisec
and closed it
l^ure Barri.
20IJ-0320I6 1 DD
This document wasI downloaded
168 001 00 fromM-franchimp.com. All the information
22llS-l.-)/USII2 4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1 dblc No 4
Status ol Company-Owned Outlets
Toi veaism^2013 to ^0+42015
71
Puri. 13 iriL
2Qi3 n.-)2oi6inn
This document was1168
downloaded
001 from franchimp.com.
00I\I22I2S All the information
IVI40I3 4 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Slale 3 eat Ouilclb Outlets Outlets> Outlets Outlets Sold Outlets at
at Stan Opened Reacqmi ed Closed to rianthisces End of
ol Ycai liom the Ycai
rianehisi:ts
i
Viigmia 2013 0 0 0 ! 0 0 o;
2014 0 1 0 1 0 1 0
'Tioirtic. 30452 0 0 0 0 0 0
1 Vt*ll3
015
Totals 2013 0 9 0 0 1 8i
2014 8 9 0 0 3 14'
1
2015 14 Q Q 0 Q 14
Table No 5
Piojected Openings as of Decembei 31 20NI2015
Florida 35 36 0
Geoigia 2 33 0
Hawaii +2 4-2 0
44alielllinois +3 T5 0
IllinoisKentiickv 1 1 0
LotHSianaMarvland 01 4-2 0
Massachusetts 0 !
+ +
M1 c h 1 gan M assac h u sett 02 2 0
s
MinnesotaMichiean 02 44 0
MississtnPiMinnesota +2 +2 0
Missoiiii 1 1 0
NebiaskaNew 01 1 0
Hampsliiie
New HarnpshiieJeise\ +2 +3 0 1
New TersevYoik 4 4 0
Ng».v-YoikNoirh 64 64 0
1
Caiolina
Nerth CaFolinaOhlo 1 42 0 1
©hteOklahoma 31 1 2 0
Pennsylvania 4-2 32 0 1
South Caiolina 1 I 0
Tennessee 2 33 0
72
Piiri. 3arr(-
20l-3-0.~>20l('irDD
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
II6S 001 00I\I2212S IVI41lli4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Stale fuinUiise AgiLcments Pioiecied New Pi ejected New
Signed But Outlet Not fniieliised Outlets In Coinpanv Owned Outlets
Opened the Ne\t fiseal Ycai in the Next fiscal Yeai
1 e\as 26 57 0
Viiginia 24 25 0
WashingtonTofal
m i +22 0
Wisconsin 4 0 ’
+
T
1 U1U1
fl 1 50 1 ^ 0
Unless otheiwise indicaicd all numbcis aie as of Decembei 31 of each yeai -We acquiied the
lights to the Maiks and became the fidnchtsor of the fianchise system on the Closing -Date
Re-fei-enc-es to the time before the-Closn-ig Date (i) relate te the-time when Pie4ecessoi was the
fianchisor ol the- fianchise system and (ii) inelude outlets-fianclHsed by hanchisees ol
Piedeeessoi-s Affikate
Exhibit E includes lists of the names ol all cuiTent fianchisees and the addiesses and telephone
numbers of their outlets as ol Decembei 31, 20ld This jlist includes our licensees The-historical
infoiTnation in this Item 20 was-prepared by-Predecessor during-the time it owned and-ope-rated
the iTanehise- system—We- have not—veiified the historical information received—tiom- the
Predecessor, but vve-havenso reason to-believe-it is mcorreet We-started offering franchises for
Pure Barre studios as of the Glosmg Date-2015
The name city and state, and the cuiTent business telephone number (or, it known, the last
known home telephone number) of eveiy franchisee who had a Pure Barre studio terminated,
canceled, or not renewed by us during the fiscal yeai ended Decembei 31 30142015. who
otheiwise voluntaiily oi mvoluntaiily ceased to do business undei then Franchise Agreement
duimg the fiscal yeai ended Decembei 31, 20142015 oi who did not communicate with us
within 10 weeks of the issuance date of this disclosure Jdocument are attached to this disclosuie
document as Exhibit E If you buy this fianchise your contact mfomiation may be disclosed to
othei buyeis when you leave the fianchise system i
In some instances cuiient and foimer fianchisees sign niovisions lestiictmg then ability to sneak
openly about their exoeiience with the Pure Bane fianch'ise system You mav wish to speak with
cuiTent and foimer hanchisees but be awaie that not all such fianchisees will be able Ito
communicate with you
We aie not cunently aware oi any tiademaik-specific fianchisee oiganizations associated with
oui fianchise system
73
Pure lljrre
■20IV03MA I DP
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 00PI22I2S lyUOl.S.-l
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
WLM2] riNANClALSr AIEMENIS
Exhibit D contains oui audited the-balance sheets as ol Dcecmbci 31 2015 and Deccmbci
31 2014 and 2013, and the ielated statements ol opeiations ol membci s equity and ol cash
Hows loi the fiscal ycais Oien-ended We wcie oiganized on Scpt&Fnbei 20-2012-and c-enducted
m busmess pitet to that date-- as a lesult we aie-unable t-o include all the Decembei 31 2015
Decembei 31. 2014. and Deccmbei 31 2013 and fb) unaudited llnancial statements leqiiiied' b)
the FTC’s EranchiGe Rulefoi the month ended Januaiv jl 2016 Oui fiscal yeai end is Decembei
31st
The following contiacts and related agieements aie attacjied to this disclosuie document
Attaehed as Exhibit M aie two copies of a Receipt confirming youi receipt ol this disclosure
document Please sign and date both Receipt pages, keep one foi your records, and leturn the
othei to us All owners, members, shaieholdeis, and paitneis ot an entity prospective franchisee
must sign a Receipt
Pure R irrt
2M»-0320I6IDD
This document was1168downloaded from franchimp.com.
001 00-I'I33I2S All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
IVI41lli4
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT A
Pure B irrc
2Ql:>-0‘i20l6 TDD | f\ A - Option ALrcv-incnt
I 168
This document was 001 OO
downloaded fromPfranchimp.com.
122 I2QVI42098All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
OPTION AGREENIENl
This Option Agiecment (the ‘Option Agicement”) is made and cnteied into by and
between PB Fianchising LLC a Delawdie limited liability eompany (“we ’) and
__________ (‘>011”), as of
a
the date signed by us and set foith below oui signatuie on this Option Agieemenl (the
“Option Agreement Effective Date’)
RECITALS
B You have investigated and evaluated ou r System and Marks, and you wish to
acquire the option to enter into a Franchise Agreement We are willing to grant you the
option on the terms and conditions contained herein
AGREEMENT
NOW THEREFORE, in exchange tor the covenants and pi onuses herein, and foi
good and valuable consideration, the leceipt of which is heieby acknowledged, the paities
agree as follows
I RECITALS INCORPORATED
1 1 Recitals Incorporated The lecitals of this Option Agieement aie tiue and
conect and aie incorporated herein by this leference anc aie hereby made a part hereof
2 GRANT OF OPTION
2 1 Option Subject to the teims and conditions contained heiein, wc giant you the
option (the “Option”) to enter into oui then-cunent foim of Franchise Agieement puisuant to
which you would be authoiized to develop and opeiate a Puic Bane Studio at a location we
approve in the Option Tenitoiy (defined below) If you elect to exeicise the Option, you will
do so by signing oui then-current foim of Franchise Agieement and all lequiied ancillai)!'
agieements no latei than 30 days aftei the Option Agieement Effective Date (the “Signature
Deadline”) Oui then-cun ent foim of Franchise Agreement and ancillary agieements may be
materially different than the foims that aie attached |to oui cun ent Franchise Disclosuie
Document which we provided to you piior to youi execution of this Option Agieement
We will not be requiied to allow you to execute a Fianchise Agreement if you fail to
timely execute oui then-current foim of Fianchise Agieement and ancillai7 documents by the
A-1
Puri. B >rrt
052016 rOD | E\ A - Option A,_acnii.nl
This document wasI downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
16S 001 0044334595/141098
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Signc'tmc Dctidlinc Howevei, if you timely piovide ub uiilteii notice ot youi intention to sign
out then-CLiiient loim of riancliise Agiecmenl and ancillaiy documents but \vc aic unable to
oftei 01 sell tranebises because of the need to amend oui fianthise Disclosuie Document !oi
because a state icgistialion of out offeiing lapses the; Signatuie Deadline will be tolled until
we have completed the lenewal oi amendment piocess and can piopeily disclose you with oui
then-effective Fianchisc Disclosuie Document
This Option Agieement and youi rights hereundei will expiie on the caihei of (a) youi
execution of our then-current fonn of Fianchise kgieement and all lequired ancillaiy
agicements as described above, oi (b) the Signatuie Deadline (if you fail to execute the
agieements as desciibed above) On expiration of th s Option Agieement you and we will
have no fliithei obligations to each other
22 Option Tenitory If you and we have not agieed upon a location foi youi
prospective Pure Bane Studio as of the Option Agreement Effective Date, you aie authoiized
undei this Option Agreement to search for potential sites only within the geogiaphic
boundaries set forth below or as set forth on the attached map or othei visual lendeiing (tlie
“Option Territory”) You should not, howevei, obligate youi self with lespect to any site
unless and until you and we execute a Franchise Agreement and we approve the site in the
manner described in the Franchise Agreement You will be the only party we authorize to
search for sites in the Option Terntory during the term jfthis Option Agieement
You understand that the Option Territory may be different than the area that would be
described as your “Tenitory” in a Franchise Agreement The Option Teiritoiy may not be
modified or amended except in a writing signed by us and specifically identified as an
amendment to this Option Agreement
The Option Tenitory is the following (note if there is no desciiption filled m below,
the Option Territory is the aiea shown on the Option Territoiy Map attached hereto) _____ L
23 Option Fee Upon execution ot this Option Agreement, you will pay to us a feje
of five thousand dollars ($5,000) This fee is not refundable, howevei, if you timely execute a
Fianchise Agreement by the Signatuie Deadline, then we will apply the full amount of the fee
towaid your payment of the initial fee due under the Franchise Agieement '
A-2
Puic Bnrrc
3013 0‘>20I6 rOD I T\ A - Oplioii ALrcLMicnt
This document wasI downloaded
I6S 001 001from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I32139S/I43098
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
GENERAL PROVISIONS
IN WITNESS WHEREOF, the parties have executed and deliveied this Option
Agreement on the dates noted below, to be effective as of the Option Agieement Effective
Date
By _____ Signatiiie
Punt Name Punt Name
Title
If othei than an individual
Punt Name
Title
Date"^ Date
This IS the Option Agieement Eftective Date
A-3
Piir.. BaifL
2015 052016 TDD | f\ A - Oplion A„ra.muil
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 004'-,l 221295/1 4 09S j
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
OPTION TERRITOF LY MAP
A-4
Puri. Barre
301^ 032016 TDD 1 f\ A — Option Aj.it.i.nii.nt
This document was downloaded
I 16S 001 001from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I33 I20S/I43098
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT B
FRANCHISE AGREEMENT
Puri. Birri.
2015 052016 TDD | fx B - rniidiisi. A^reenivni
I 168
This document was 001 0045/4j-2l)0
downloaded I 14^100
from franchimp.com. j
All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
PB FRANCHISING, LLC
FRANCHISE AGREEMENT
Puri. B irru
=Qlo Q-'2016 TDD | T\ B - rnncliisL A_rccnu.nl
I 16S
This document was 001 004VHj21jQ
downloaded I 14-jlOO
from franchimp.com. .r
All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
TABLE OF CONT ENTS
Giant of Liccnse_
1 I Giant
1 2 YoLii Teiiitoiy_ ____
1 3 Use of Maiks
I 4 Revisions to oi Discontinuance of Maiks 2
1 5 System and Manuals Changes 2
'2
16 Notification of Infringement
I
1 7 Reseived Rights __ 3
1 8 Value of Marks 13
I
1 9 Modification of System _ ,3
1 10 Corpoiation, Limited Liability Company, oi Paitnership t
4
Fees and Payment 4
1
2 1 Initial Fee 4
22 Continuing Payments 4
23 Form and Manner of Payments
24 Credit Card Pi ocessing - 5
25 Oveidue and Declined Payments
26 Payments Undei Additional Piograms 6
27 Fees Not Reftindable 6i
28 Payment of State oi Local Taxes Imposed on Us 6
29 Application of Payments _ 6
2 10 Non-Compliance Chaige __
1
Location 7
3 1 Opeiation horn Appioved Location
I
7
32 Site Selection and Appioval 7
33 Site Pui chase oi Lease 7
34 Design, Constiuction, and Remodeling 8
I
3 5 Completion and Opening 82
3 6 Maintenance and Appeal ance 9
3 7 Upgiades and Alteiations 9'
Piirt B^rrc
2015- 0*12016 TDD | C\ B — rraiichiM. AjLLnicnl
This document was1168 001 0045/4-3j
downloaded IjO 11431003
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
3 8 Usu o( [ cKation 9
39 Inspections 9
3 10 No Repiesentation oi Waiianty Regaicling Location 9
Geneial Opciational Reqmicments 10
4 1 Compliance with Manuals 10
42 Authoi ized and Mandated Goods and Sei vices 10
43 Opeiating Standards, Compliance with Laws, Ethical Conduct 10
44 Agieements with Customeis TOIL
45 Pricing 11
46 Ooeiations ManagerKev Roles 11
47 Agieements with Othei Parties 11
48 Minimum Working Capital 4412
49 Minimum Cumulative Royalties 12
4 10 Gift Cards and Daily Deal Websites- 12
4 11 Employees, Agents & Independent Contractors 12
4 12 Membership Sales 12
4 13 Call Centei
Vendors and Suppliers 4^14
5 1 Mandated and Approved Vendois 44M
52 Payments to Thud Parties 14
Computer Systems 14
6 1 Computeiized Point-of-Sale System 14
62 Hardwaie and Internet Access +411
63 Data Access +411
64 Pioprietaiy Softwaie and Technology +411
65 Infoimation Secuiity 15
Advertising, Marketing, Piomotions, and Displays 15
7 1 Ad Piogiam 15
72 No Specific Ad Piogiam Allocation Rcquiied 44M
73 Ad Program Accounting 16
74 Gland Opening 16
Pure Baia
g»l 5_052Q16 rOD | Cx B rnnclii'se A,,Ki.muit
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
75 Lt'cal Advutising bxpensLS +617
76 Youi Local Maiketing -1-617
77 Fianchisce Ad\eitising Co-op 17
78 On-Site Displays -1718
79 Websites -1718
7 10 Youi Paiticipation in Maiketing Events 18
7 11 Required Adveitising Cap -1-812
Tiaining and Annual Convention
8 1 Initial Tiaining -f812
82 Subsequent Tiaining 19
83 Thud-Party Training 19
84 Annual Convention +922
85 Delegation of Perfomiance +922
Records and Reporting +920
9 1 Monthly and Other Reports +920
92 Records 20
93 Annual Reporting 20
94 Corpoiate Recoids 3921
95 Inspection and Audit Rights 3921
96 Use of Data 21
Youi Covenants 21
10 1 Non-Competition During Temi of Agieement 21
102 Non-Competition Aftei Transfei, Teimination oi Expiiation 3+22
103 Othei Covenants 3+22
104 Confidential Infonnation 22
10 5 Consideiation foi Covenants, Sevei ability 3425
Renewal 3425
11 1 Renewal Teims 3421
11 2 Offet Contingent on Continued Compliance 3426
11 3 Tempoiaiy Extension 3426
Piia Bnric
3015 052016 rPD I r.\ B rnnthisLAi.rLt.mi.nt
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1 168 001 004S/|324aO II43I003
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
12 Tiansfei T627
12 1 Assignment Tianstci oi hncumbiance 2622
12 2 Minimum Conditions of Tiansfei ^27
123 Non-Exclusive Additional Bases foi Denial 2228
124 No SecLiiity Inteiest in Agi cement oi Studio 28
125 Right of First Refi-isal 2S29
12 6 Sales of Secuiitics 2822
127 Transfei or Assignment by Us 2879
12 8 Death oi Incapacity 291Q
13 Indemnification and Insuiance 291Q
13 1 Your Indemnification 2930
13 2 Notice of Claims Against Us 29^
13 3 Our Indemnification 2931
13 4 Insurance 2931
13 5 Notice of Insurance-Related Claims 2921
13 6 Insurance and Indemnification A:e Separate Obligations 2921
Termination 2921
14 1 Termination by You 2921
142 Temiination by Us After Oppoitunity to Cuie 2931
143 Termination by Us Immediately Upon Notice 24-22
144 Cl OSS-Default 2233
145 Remedies Other Than Termination 2233
146 Ertect of Expiiation oi Termination 22M
147 Oui Right to Purchase Certain Assets ot the Studio 2224
148 Liquidated Damages^ 2435
149 Assumption ot Management 2426
14 10 Member Obligations on Termination 22M
Dispute Resolution 2226
15 1 Aibitiation 2236
Pure Barri.
g0l3_9>20|6 PDD I f\ B - rrinchisi. A^-rccinenl
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
116S 001 004V122I3Q lUjIOO 3
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
15 2 Conscni lO luiisdiction 37M
15 3 Immediate Equitable Relic! T739
15 4 GOVERNING LAW TS39
15 5 LIMITATIONS ON CLAIMS AND DAMAGES TS39
15 6 WAIVER or JUR^ TRIAL T82£
15 7 WAIVER or CLASS ACTIONS TS39
15 8 Costs and Attorneys’ Fees T832
15 9 You Mav Not Withhold Payments Due to Us 40
General Provisions T840
16 1 Grant of Security Inteiest to Us
162 Relationship of the Paities 5940
163 Warranties and Guarantees 59^
164 Entire Agreement 59^
16 5 Construction 59^
16 6 Other Franchisees 5941
167 Consent 4041
16 8 Cumulative Remedies 4041
169 Further Documentation 4041
16 10 Suiviving Provisions 4041
16 11 Execution, Amendment, and Modification 4041
16 12 Notice 4041
16 13 Non-Waivei of Rights 4042
16 14 Sevei ability 4142
16 15 Compliance with Anti-Teiroiism Laws 4442
16 16 Execution by Counterpaits 4142
Pure Birre
2015 0s2016 rPD I E\ B rnnchise Aereenii.nt
This document wasI downloaded
16S 001 from franchimp.com. 1142100
0043/122130 All the information
2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
FRANCHISE AGREEMENT
I
1 his Fianchisc Agi cement (this ‘ Agicement”) is cnteied into and cttcctivc as of the date of oui
signatuic on the signatiiic page (the “Effective Date”) by and between PB FRANCHISING,
LLC a Delawaic limited liability company with oui pijincipal business addicss at 100 Diinbai
Stieet Suite 301, Spaitanburg, South Caiohna 29306 (“we’) and
, a having Its piincipal business
addiess at (“you”)
RECITALS
A We grant fianchises to own and opeiatc woikout and fitness studio businesses
(“Pure Bane Studios”) that aie currently identified piimaiily by the name and service inaik
PURE BARRE'"^ and that aie developed and opeiated using methods, proceduies,
specifications, layouts, standaids, and techniques to which we and oui affiliates claim
ownership and which we and oui affiliates piotect as confidential and pioprietary (the
“System”)
B You have applied for a franchise to own and operate a Puie Barre Studio, and,
m reliance on the information you have provided, we ha’ /e agieed to grant you the fianchise on
the terms and conditions contained in this Agreement
AGREEMENT
NOW THEREFORE, in exchange tor the foregoing Recitals (which aie incoipoiated in
and made a pait heieof), the covenants and promises herein, and foi good and valuable
consideiation, the receipt of which is heieby acknowledg'ed, the parties agree as follows
1 GRANT OF LICENSE
1 1 Giant We grant to you the non-exclusive right and license, during the Term, to
develop, own, and operate a Puie Baire Studio at, and only at, the location identified in
Attachment A oi as selected puisuant to Article 3 (the “Studio”) You accept the light and
license and agiee to use them stiictly in accoi dance with this Agreement and foi no othei
purpose The “Term” begins on the Effective Date and ends on the close of business on the
5th anniveisaiy of the Effective Date
1 2 Youi Teiiitoiy Except as othei wise pcifmtted in this Agi cement, we will not,'
nor will we authoiize any other peison oi entity to opkrate a Puie Bairc Studio within the'
geogiaphic aiea identified on Attachment A (the “Teiiitory ’)
I 3 Use of Maiks We and oui affiliates claim owneiship of the name and seivice
mark “Pure Bane” and ceitain othei tiademaiks, seivice maiks, names and commeicial symbols
that we authoiize owneis of Puie Bane Studios to use in the operation of then businesses
(collectively, the “Marks”) We grant you the light to us2 the Maiks solely in connection with
the opeiation of youi Studio as described in this Agreement Youi right to use the Maiks is
Pure IlnrrL
3013 052016 TDD | T\ B - 1 rrnchise A,_ictnii.ni
This document was downloaded
1168 from franchimp.com.
001 0045/I3O- 1j0 I All1-13100.3
the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
dciived only horn this Agicement and is condiiioned on youi opeiating the Studio in stiicl
accoidcincc with this Agieemcnt and all the standaids we picscnbe horn time to time In
addition to all othei limitations contained in this Agiecment and that wc impose fiom time to
time, you agiec that except with oui piioi wiitten cotiiscnt, you will not (a) use oi allow the
use ol the Maiks oi any deiivation theicol oi any comusingly similai maik in the name ot a
legal entity (if any) in any domain name, oi in any email addiess, (b) icgistei any tiade names
containing the Maiks unless lequiied by law (in which case you will piomptly notify us in
wilting ol all trade names legisteied oi used by you) (c) use the Maiks to incui oi secuie any
obligation oi indebtedness, oi (d) use the Maiks in si gning any contiact except, and only in
conjunction with your legal name, to refciencc the Studio (toi example, “Puie Bane of
[geogiaphy]”) If you use the Marks in any way contiaiy to the teims of this Agreement, then
upon OUI lequest and at oui option and without limiAng oui other remedies, you will cease
that use and take all steps necessaiy to cancel oi at OUI option, to transfei to us all
registrations, domain names, and email addi esses
PuiL Barre
201; 032016 TDD | I \ B - I ranclnse ALreemt.nl
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ciny litigation oi othei pioceeding oi otIiei\''ihe to | ' otcet and maint iin oui inteiests in t'hc
Maiks and the lights oi all duly authoiized fianchisces to use the Maiks i
I 7 Rcseived Rights We giant lights to use the Maiks and System solely puisuanl
to the cxpicsscd piovisions of wiittcn agicements and not by implication inieienct [Oi
innuendo Theiefore, you aie not gianted any lights unless those lights aic expiessly gianted
to you under this Agicement oi any othei agicement signed by us and you Similaily, we and
0111 affiliates aie not piecludcd horn engaging in any act oi cnteipiise unless we expiessly state
that we will lefrain from doing so Foi example we ai'jid oui affiliates may, without lestiiction
and without compensation to you, do any of the following I
(a) use and authorize otheis to use the Maiks and the System, even if competitive
with youi Studio, (i) in any business anywhere in the wjoild which is not identified by the name
“PURE BARRE” and (ii) in Puic Baire Studios located outside the Teriitoiy
(b) establish and use, and authorize others to establish and use, anywheie in tie
world (includmg within the Teiiitory), other channels of distiibution such as chain, warehouse,
club and other stores (othei than other Pure Barre Studios in the Tcriitory), the internet (e-
cominerce), electronic media, and/oi any othei means of distribution to offer and sell goocfs
and services, and to use and license others to use the Jv arks and System, without lestriction, in
connection with such distribution channels and the products and services distributed through
them, and
(c) offei, sell, and authorize others to offei and sell any “Puie Barrc”-branded
products anywhere in the world, even if such products are the same as, similar to, or
competitive with the pioducts offeied at youi Studio
You further agiee that, despite the exclusivity gianted to you undei Section 1 2, we and
OUI affiliates may acquire businesses providing pioductsjand services similai to those piovided
at the Studio, and we may convert such businesses to Puie Barre Studios, and franchise,
license, or cieate similar arrangements with lespect to these businesses once acquired, even it
these businesses (or the franchisees oi licensees of these businesses) aie located oi opeiating in
the Territoiy We and oui affiliates may also be acquired (whethei through acquisition of
assets, equity inteiests, or otherwise, legaidless of th'e form of tiansaction) by a business
providmg products and sei vices similai to those piovidcd at the Studio, oi by anothei business,
even if such business opeiates, fianchises, and/oi licenses Competitive Businesses (defined in
Section 10 1) in the Temtoiy
I 8 Value oi Marks You acknowledge and agiee that youi use of the System and
Marks and any goodwill established by that use inures solely to oui oi oui affiliate’s benefit,
On the expiration or teimination of this Agreement foi any leason, you will not receive oi be
assigned any monetary amount in compensation for youi loss of use of the Maiks
(a) You will have the authoiity to execute, delivei, and peifoim youi obligations undei tliis
Agreement and all lelated agieements and wilf, thioughout the Tenn, icmain validly
existing and in good standing undei the laws of the state of youi foimation i
(b) Attachment A to this Agieement completely and accurately desciibes all of youi owneis
and their interests in you as of the Effective Date and that any changes to the
infoimation i effected on Attachment A lequiie oui piioi wiitten consent as dcsciibed in
Article 12,
(c) Each of youi duect and induect owners during the Teim and youi and their spouses
will execute a guaranty (“Guaranty”) in the forrn we prescribe undertaking to guaranty
your performance and to peisonally be bound, jointly and severally, by all provisions of
this Agreement and any ancillary agreements between you and us Our current form of
Guaranty is attached as Attachment B A spouse who owns no direct interest in yo,u
will be requned to sign the Guaranty, not as a guarantor, but solely to acknowledge
and consent to the execution of the Guaranty by his or her spouse and to bind the
assets of the marital estate as described therein The non-owning spouse will not be
peisonally bound to this Agreement noi will his or her separate pioperty be at iisk
undei and by virtue of the owning spouse’s execution of the Guaranty,
(d) One of your owners has been identified as, and approved by us to be, youi designated
lepiesentative (the “Designated Representative”) You will not change oi permit a
change of the Designated Representative without oui piioi written consent, ^
I
(e) The Designated Representative is authorized, on youi behalf, to deal with us in all
matteis whatsoevei which may aiise out of this' Agieement oi youi operation of the
Studio Any decision made by the Designated Repiesentative will be final and binding
upon you, and we will be entitled to lely solely upon the decision and authoiity of the
Designated Repiesentative in any such dealings without the necessity of any discussions
with any other person We will not be icsponsible to you foi any actions taken based
upon any decision oi actions of the Designated Repiesentative If you name moie than
one Designated Repiesentative, we aic entitled to lely on the decision of any one of
them, acting alone You will ensuie that the Designated Repiesentative has all
authoiity to inteiact with us as desciibed in this p'aragraph
Puit BarrL
2D1-5 052016 TDD | T\ B - PrancliiSL A^^aciiKiit
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 0045/423-li04l4H00 'I
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
FEES 4ND Pa YMENT
Initial Fee On youi execution ot this Agiecment you must pay us an initial
lianchise fee (the ‘ Initial :jcct to any ci edits to which we ha\c
agiecd Lindu any othu agiecment between us and you
22 Continuing Payments On or betoie the 15th day of each calendai month, you
will pay us ceitain amounts based on the Gioss Sales of youi Studio duiing the piioi calendai
month (the “Monthly Payments”) “Gross Sales” means the aggregate of all monies and
leceipts derived from (i) all pioducts and services offered oi peiformed at the Studio (ii) sales
and oideis made, solicited oi icceived at the Studio, wliethei befoie oi aftei the opening of the
Studio, (ill) all othei business whatsoevei conducted oi tiansacted at oi fiom the Studio, and
(iv) all othei revenues deiived horn the opeiation of the Studio and the exploitation of tite
System and/oi the Marks by you, and whethei such Gioss Sales aie evidenced by cash, ciedit,
check, gift ceitificates, seivices, propeity, or othei means of exchange Gioss Sales also
includes the pioceeds of any insurance payments intended to replace youi levenue as a lesult
of the interiuption of youi business Gross Sales will not include any sales taxes imposed by
governmental authorities diiectly on sales and actually collected from customers, but only if
such taxes are added to the selling price and are, in fact, paid by you to the appropriate
governmental authority Cash refunds and credit given to customers shall also be deducteH
from Gross Sales but only to the extent that such cash ^and credit were previously included in
Gross Sales and a Royalty was previously paid on them^ Gross Sales shall be realized by you
at the time of the sale of the products, merchandise oi services, irrespective of when you
actually receive payment In the case of the sale of class packages. Gross Sales shall be deemed
to be realized by you at the time of the sale of the pac cages, not when the purchasei attends
the classes, even if the sale of the packages occuiied prior to the opening of the Studio Gioss
Sales consistmg of pioperty oi seivices shall be valued at then fair maiket value at the time
such property or sci vices weie leceived by or for the account of you The lequired Monthly
Payments aie as follows
(a) a royalty (the “Royalty”) equal to 7% ofj Gioss Sales, however, aftei the first
full calendai month that the Studio is in opeiation, the Royalty shall be the greatei of 7% of
Gross Sales or $1,000 Notwithstanding the foregoing, lyou must ensuie compliance with the
Minimum Cumulative Royalties as desciibed in Section 4 9 below Fuithei, the peicentagc of
Gioss Sales owed undei this paiagiaph is subject to inciease dining any peiiod of nonj-
compliance as described in Section 2 10 below,
(b) a fee foi ceitain advertising, marketing, and piomotional uses (the ‘Ad Fee”)
cLiiiently equal to 1% of Gioss Sales and sub)cct to qui light to inciease as desciibed in
Section 7 11, and
24 Cl edit Card Piocessing We reseive the light to pi o vide ciedit caid processing
foi youi Studio and to leouire vou to oarticinate in such ciedit card nrocessmg niogiam It
we do so, we will, on a periodic basis (initially weekl>|), lemit an electronic payment to youi
designated bank account in an amount equal to the ciedit caid chaiges processed on youi
behalf, less any fees imposed by the credit caid piocessoi on your tiansactions, and any
Monthly Payments and othei amounts due to us undei this Agiecment It the pioceeds trom
ciedit card transactions aie less than the amounts due us, you will be responsible tor paying the
deficit as described in this Agreement
Notwithstanding the foregoing, if vour Studio las been used as collateral foi a loan
guaranteed bv the SBA U S Small Busmess Administration (“SBA’T twhich is subiect to oui
consent as desenbed in Section 12 4T then while such loan remains unnaid. vou mav submit a
written request to us seeking our approval, which we will not unreasonably withhold or delay.
to use an alternative credit card processor If we annrove vour nronosed alternative credit card
processor, then vou agree to nav anv Monthly Payments and other amounts due to us under
this Agreement pursuant to Section 2 3 (Form and Manner of Payments)
25 Overdue and Declined Payments Yoii will pay us simple inteiest on any
overdue amount at the late of the lesser of 12% per annum or the highest rate permitted undei
applicable law If any payment is denied oi declined by youi bank or financial mstitution, or it
any other method ot payment provided by you fails tp allow us to receive when due any
payment, then you will reimburse us for all costs incuned in connection with that denial oi
decline At oui option, you also will pay us a late fee of $100 foi each day the payment
remains past due
27 Fees Not Reftindable All tees paid under this Agieement aic non-i efundable
and aie frilly earned by us on oui receipt
I’lirc Barii.
-2013 0^2016 TDD | r\ B - rranchist ALatmcnl
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
116S 001 0045/122r-20 1141100 ^
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
28 PiyrnLiit or StUe oi Local laxcb impobLd on Us You will pay to us all si
taxes use taxes, peisonal piopeity taxes and siniilai tajes that any taxing authoiity within yjaui
state(s) imposes on oi seeks to colleet hom us on account of yoiii Gioss Sales oi on account
of fees we collect hom you but excluding oui oidinaiy income taxes oi oui leceipts taxes
aiising out of tees owed to us undci this Agieemcnt We aie ~ ' ------ ^--------------------------
pcimitted to collect hom you L
any imposed taxes in the same mannei as Royalties, o to diiect you to make those payments
diiectly to the applicable taxing authoiity oi authoiities
3 LOCATION
3 1 Operation from Approved Location You may only opeiate the Studio atia
location we approve (the “Location”) If, as of the Effective Date, we have not approved yo|ui
Location, then you will, within f^90 days aftei the Effective Date (the “Possession Deadline”),
locate a Location solely within the Search Area dcsciibed in Attachment A, obtain oui
appioval of that Location, and acquire the right to occupy the Location by puichase oi lease
(in accoidance with Section 3 3) Once you have secui^d oui appioval and the light to occupy
a Location puisuant to the piovisions below, we will yrite in the address of the Location on
Attachment A and foixvard a copy to you You may nO|t change youi Location oi the teims ot
your lease toi the Location without oui piioi written consent
32 Site Selection and Appioval It is youi obligation to find and submit to us toi
OUI appioval any proposed site from which to opeiate youi Studio If the Location is not
identified in Attachment A as ot the E&ective Date, you will identity in wilting one oi moie
piemises within the Search Area that you leasonably believe meet our then-cuiient site
specifications and that will be available fot youi puichase oi lease You will provide us with
any infoimation we leasonably lequest concerning each candidate site within three (3) days of
Pure Bj n.
?0I5 0^2016 TDD | T\ B - rraiichisi. Ai,n.Lmuii
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
such icqucst, (ind wl v'iH appiove oi disappiove youi pioposed site within 10 business days
aftei iccciving all lequested infoiinalion VVe icscive tie light to icquiie you to letain a leal
estate biokci with cxpeitisc in the Seaich Aica to assist in youi eftoits to find a site and to
give eveiy considciation to ictaining any local biokei tiat we lecommcnd
(b) It you intend to lease the site, then our approval may be conditioned on the
lessor’s agieement to include ceitain piovisions we recjuire fi-om time to time to piotect the
Pure Barre brand and to ensuie our ability to facilitate the continued operation of the Studio lat
the Location despite your default of the lease or |the expiiation or tennination of this
Agreement and our exeicise of our rights under this Agreement Our cunent requirements are
reflected in our form of lease ridei that is included in tfie Manuals
(c) You will ensuie that the lease allows you to operate the Studio toi the entire
Term as lequiied under this Agreement and that your obligations under the lease will not
violate any applicable law or regulation, including any zoning, parking, and use restrictions
(d) In connection with the negotiation of the purchase or lease agreement, it is your
responsibility to letain competent leal estate counsel to assist you and to ensure that youi
lights aie piotected as much as possible under the purchase or lease agreement
(e) You will piomptly piovide us with a finalized and fully executed copy of the
appioved lease, any applicable letteis of intent, and other related agieements enteied into foi
the Location
(a) Geneial You will, at your expense, do all things necessary to develop youi
Studio in accordance with System standards and all applicable laws, including obtaining all
lequiied licenses, peimits and ceitifications required by any applicable government oi
governmental agency This includes the complete constiuction of the piemiscs at the Location,
the installation of all equipment tixtuics, furnishings, and signage lequiied by oui
specifications, the completion of all caipentiy, electrical painting, and finishing woik, and any
othei piepaiations neccssaiy to lendei the Location fit foi use foi the Studio and compliant
with oui System standaids
PurL B nil.
2015 0^2016 rOD | T\ B - rrinchisi. A^aLiiiLnl
This document was1168
downloaded from franchimp.com.1143100
001 0045/122110 All the information
3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(b) Design ind Plans Pnoi to submiiting foi a pcimit to begin constiuction, you
must send us ioi oui leview and appioval a complete s ;t of constiuction diawings pioduced,by
a piofessional licensed in the )uiisdiclion having autho ity ovei the Location Such diawings
must comply with oui thcn-cuiient design standaids We will appiovc oi disappiovc the
diawings in wnting no latei than 7 business days aftei leccipt Oui levicw and appioval of the
diawings is toi out own internal pui poses and is not oui lepicsentation oi guaiantce that the
diawings will satisfy, oi be in compliance with, all of youi obligations undei this Agieement oi
applicable law
(c) Funding At oui lequest, you will piovide to us wiitten evidence to establish
that you have the unencumbered funds necessaiy to develop the Studio and the souices of
those femds You authoiize us to contact any funding souices directly to discuss all financial
aspects of the construction oi lemodcling of the Location
(d) Piogress Reports and Site Visits You will provide us with any piogiess
repoits we lequest duiing the course of any design, constiuction, and lemodeling woik We
aie permitted to visit and inspect the Location at any time during the design, construction, and
lemodeling piocess
35 Completion and Opening You will complete all design, construction anid
remodeling work at the Location, and all other pre-opening obligations fincluding purchasing
and stocking the Studio with minimum levels of inventorv). obtain a certificate of occupancy
(or equivalent), and be prepared to open the Studio for business within 70 days after the
Possession Deadline (the “Construction Completion Deadline”) You will notify us upon
completion of all construction and lemodeling work With such notification, you shall also
provide us with a copy of the certificate of occupancy (oi equivalent) for the Location and
such othei infoimation, photographs, and documentation we request from time to time At our
option, we will inspect the Location and identify any additional actions that you must take to
comply with our specifications You will promptly take any such lequired actions Once we
are satisfied that you have complied with all of OUI pie-openmg specifications and
requiiements, we will giant appioval foi you to open foi business You will not open foi
business piior to oui wiitten appioval, and you will piomptly open for business no latei than
the eailier of (a) 4-§21 days after the Construction Completion Deadline, or (b) two days aftei
business, vou must ooerate voui Studio continuouslv for the lemaindei of the Term
3 7 Upgiades and Alteiations You will male 2 any additions, alteiations, upgiades,,
lepaiis and replacements to the Location we requiie at your sole expense, including periodic
lenovations, lemodeling, ledecoiating lefuibishment leplacement of signs, fixtuies or
mateiials and upgiading of equipment
Pure BarrL
052016 rOD I P\ B ^ rnnchi'ic Atrcuiiuit
This document was1168
downloaded from franchimp.com.1143100
001 0045/1224a0 All the information
3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
3 8 Use of Location You will use Ihc Locution only toi die puiposc ot opciutmg
the Studio, and only accoiding to the standaids of opciation we picsciibc and pcimit
39 Inspections You will peimit us oui agents and lepiesentativcs to cntei the
Location at any time with oi without piioi notice to conduct inspections take photogiaphs,
sample goods and sei vices (including by using ‘ seciet sioppeis”), and inteiview employees and
customeis You will coopeiate fully with those inspec|tions We oi oui agents may lemove
reasonable quantities ol pioducts oi othei goods foi puiposes of testing oi examining samples
Upon notice from us, and without limiting oui other lights undci this Agieement you will
piomptly remedy any deficiencies detected duiing any inspection I
4 1 Compliance with Manuals You will comply with all piovisions ot the Manuals
at all times, including by opeiating the Studio stiictly in accoidance with the standards of
customer seivice, safety, cleanlmcss, envnonmental caie, consistency, training, biand image[
advertising, promotion, and management we piesciibe
Phil Uarrt
3015 052016 TDD | C\ B - rranchi<;L A^ri-cmcni
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 0045/4-234^143100 3
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
seiviceb toi us ro oftei oi sell ihcm ouiselves to make them avnlible to othci hanchistcs, and
to make them and any levisions altciations oi dtm at ions available to you and any othei
hanchisee
11
Pure B irre
jQ-U 0*^2016 TDD | Cv B - rnnchisi. A.ri.Lnienl
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 004‘1/-13j4jQ I 143100 1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ye^-^—hct' t—e! H-d me4—&tn—to nsewt—te-
Managei- imist-be qttajtfied pei tonn and mana ee^e apeiation & leqmied tor the Studio
and yen-will ensiiie that the-evpeha^<efi of the Studio is at ail-Hmes-nuclei tlae-dti^ contiol ot
any vaeation, illness, oi odiei shen-t- terna-absence of tl^e Opeiations Managei d-t-ys^u aie an
Entity^-he Opeiatiens Maf>agei aaeed ne^-be an ownei, but we may lequire him oi her to
execute a confidentiality and-noneempetrtaon ag<-eement in a foim we-appieve The-Opeiations
Manage^-wdt-parti€ipate-pe+ae4wHy-an-4he-epe^ataea-et-4he-Stttdae-He-fewei-daa«-fi¥e-days-pef
week----That particroation will inetudeKev Roles You will designate certain oeisons to
function in kev loles in the oneiation of the Studio tcollectivelv. the “Kev Roles’T including
tat a full-time “Operations Managei” who manages the ^core opeiations of the Studio on a daily
basis ('including monitoring financial and accounting matteis, c-ommunicating with us as needed
and as we request, planning and cooidinating local adveitising activities, intei acting with
custonieis to ensuie that goods and seivices are piovided in a timely and professional mannei,
ensuiing compliance with this Agieement^ and the standards and lequiremente estabhshed-iiv-t-he
Manuals-, perfoi ming or managing all admunstrativeMegal^ and ooerationsothei tasks necessaiy
to operate the Studio, and-taking—all othei- measures-j-to manage -engemg opeiations—¥oui
appointment ot the Operations Manager constitutes yeur consent for the Operations Manager
in accordance with this Agreement and annlicable lawl and who will have vour authorization to
engage in any communications on your behalf with us, and to bind you to us with respect to
any agreements, commitments, or consents You will not change or permit a change -»f-the
Operations Manager without our niior written consent. and tbl a “Lead Teacher” who, in
addition to teaching a certain number of classes, will oversee and review the performance of
vour other teachers The Kev Roles may, with our prior approval, be consolidated and be
performed bv one person We mav require that Kev Roles be filled bv one or more of voui
ownei s and, if we determine that vour owners are not qualified to fill a Kev Role, vou will be
required to appoint one or more of vour employees to do so In anv event, each person filling
a Kev Role is at all times subiect to our acceptance and 1 approval and must have completed, to
our satisfaction, anv trainuig programs that we leauire p'ersons in those roles to complete The
specific requirements and lesnonsibilities associated withi Kev Roles mav be set foith from time
to time in the Manuals
47 Agreements with Other Paities You will advise all thud paities that you aie
an independent contiactor and that all debts, liabilities and obligations incuiied by it aie foi the
account ot you only and not us, and will identify youpelf as an “Independently owned and
opeiated fianchisee of PB Fianchising, LLC’ on all invoices agiecments, and coiiespondence'
48 Minimum Woiking Capital You will n laintain at all times sufficient woiking
capital and liquidity (i e cash and cash equivalents) to o Delate the Studio without inteiiuption,
piovided, howcvei, we leseive the light from time to time to establish minimum levels ot
liquidity and working capital reseives and you agiee to comply with such lequiiements
49 Minimum Cumulative Royalties You agree to use your best effoit to opeiate
the Studio in a mannei that generates maximum exposure foi the Puie Bane biand and
Puie Bara
3015 032016 TDD | C\ B - Tranchisc A_ri.Lmcnt
This document was1 downloaded
16S 001 from franchimp.com.
0045/122 IjO 1All143100a
the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
max.inuini levenuc foi the Studio Towuid that cna yju pledge that the amount of Royalties
that you geneiatc horn the opeiation of youi Studio dm mg any “Measuicment Peiiod’ will be
at least $14 000 (the “Minimum Cumulative Royalties’?) Each Measuiement Pciiod will be a
lolling 12-month period and the fiist Measuiement Period staits on the 13th month following
the opening of the Studio Any failuie to geneiate the i|equiicd Minimum Cumulative Royalties
in any Measuiement Peiiod will be a mateiial default of this Agicement Howevei, with lespect
to the fiist time, and only the fust tunc, you fail to geneiatc the Minimum Cumulative
Royalties, you may cure the default by paying to usj the diffeience between the Minimum
Cumulative Royalties and the amount we actually leceived during such Measurement Peiiod
[f you elect to pay the shoitfall, you must do so not latei than 30 days following the end of
the applicable Measuiement Peiiod Any subsequeint failure to geneiatc the Muiimum
Cumulative Royalties will not be curable
4 10 Gift Caids and Daily Deal Websites You must participate in all gift caid,
loyalty card, piomotional caid, award caid, or othei sirnilar prepaid caid code or other device
piograms (collectively, “Gift Caids ’) periodically established oi appiovcd of by us for Studio's
You acknowledge and agiee that Gift Cards and daily-deal or flash sale coupons must be
entered into your point-of-sale system in the mannei we diiect from time to time
4 11 Employees, Agents & Independent Contractors You are solely responsible for
all decisions relating to your employees, agents, and independent contractors Any employee,
agent or independent contractor that you hire will be yoiii employee, agent or independent
contractor, and not our employee, agent oi mdependeift contractoi You also agree that you
are exclusively responsible for the terms and conditions of employment of youi employees,
including recruiting, hiring, firing, training, compensation, woik hours and schedules, work
assignments, safety and secuiity, discipline, and supervision You agree to manage the
employment functions of your Studio in compliance with federal, state, and local employment
laws
4 12 Membeiship Sales You will offei anc sell lights of access to your Studio,
lefeired to as a “Membeiship,” as we requiie from time to time All Membeiships must be
evidenced by a wiitten agreement (a “Membership Agicement”) and may not be foi a teim that
extends beyond the expiration of this Agreement We leserve the light to provide you a foim
of Membership Agreement, and if we do so, you will use the foim of Membership Agi cement
that we piovide to you, and you will not make any modifications ui the foims without oui
pi 101 wiitten consent Notwithstanding the foiegoing, you acknowledge that you aic
lesponsible foi ensuiuig that the Membeiship Agi cements comply with all applicable laws Ilf
such laws lequire that you modify the Membeiship Ag cements, you may do so only to the
extent necessaiy to comply with such applicable laws, piovided that you provide us with
immediate wiitten notice of all such modifications Any Membeiship Agi cement that has been
modified without oui consent shall be void We may modify the types and teims of
Membei ships to be offei ed, teiminate youi light to offei ceitain types of Memberships, and/oi
appiove 01 icquire othci types of Membei ships foi sale
Puri. Barre
TDD I E\ B - rraiichiSL ALruuucm
This document was downloaded from franchimp.com. j All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S 001 0045/I22-1 0 I 143100 1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
We miv in oiii disciction establish in the Mc^nudls L^itain icaunements leajidine minimi m
numbeis of Men~il:)cishins that must be sold nrioi to opening f“Pie-SalesM and piovide in the
Manuals foi ceitain lights and lemedies should voii fail to meet the minimum leaunements
including, foi example, delaying appioval of the ooeninu of the Studio and leauiiing that vou
use OLii peisonnel to assist in achieving the minimum niimbei oFPie-Salcs
You will only ottei Mcmbeiships in stiict compliance with System standaids and oui standaids,
policies and proceduies If we authoiize you to sell Membci ships you will neveitheless be
lesponsible foi detei mining that you may do so undei all laws and legulations applicable to
youi Studio and you agiee that you will fully comply with all such laws and legulations We
may suspend, i evoke or tenninate your right to oftei Membei ships at any time
You agiee to comply with the System standaids we establish horn time to time legarding
Membei ships These System standards may legulate, among otheis, the following topics.
(1) the types and teims of Membei ships you may offer (2) the foim(s) of Membership
Agreement (3) the temis and conditions upon which a membei may tiansfer his Membership
from your Studio to another Studio and vice versa, (4) admission of membeis of youi Studio
to othei Pure Barre Studios, (5) pioceduies to follow when members transfer to oi from your
Studio, (6) use and acceptance of coupons, passes, certificates, and Gift Cards, (7) group
accounts and group Memberships (and discounts applicable thereto), and (8) payment terms for
Memberships
You agree, upon notice from us, to accept any Memberships we assign to you, and, if we so
require, to honor those Memberships on the tenns and 'conditions of the existing Membership
Agreement, and to accept as remuneration only such payments as acciue pursuant to the
applicable Membership Agreement from the time of assignment
You agree that we and oui affiliates own all Membeiship Infoimation (defined below), that it
compiises part of the Confidential Infoimation which you aie licensed to use undei this
Agicement, and that we and our affiliates may use Membership Information in oui and then
business activities and may disclose Membership Infoimation (such as the numbei of membeis),
but duiing the teim of this Agicement we will not publicly disclose any Membeiship
Infoimation unless we make such public disclosure without disclosuig youi identity oi youi
Studio’s specific Membeiship Information on an individual (i e , unconsolidated) basis We may
contact any membei(s) of any Studio at any time foi any purpose Upon expiiation oi
teimination of this Agieement we leseive the light to make any and all disclosuies that we
deem necessaiy oi appiopiiate
I
I
We icscive the light to establish a lecipiocity piogiam between youi Studio and other Puie
Bane Studios You must comply with all standaids and lequiiements of any lecipiocity
piogiam as we may implement and peiiodically modify
4 13 Call Center We mav. in our discietion. befoie and/oi aftei voui Studio opens
foi business, require vou to use the .services of a call cenller to help generate customer leads, to
field phone calls and other communications from customeis and potential customeis. and foi
any othei puimoses we deem necessaiw or desirable all nursuant to the tenns established in the
I’lirc Birr(.
301'' 052016 rOD | r\ B - Frjnchi-;.. A j>.Lmuil
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S 001 0045/4^3130-1-143100 j
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Mcinucils Wc 01 oui aftiliatcs mav movidc Ihis ^^elVlL.c and " on will oav us <.i fee foi such
SCI vices
52 Payments to Thu~d Parties You will timely pay all vendois, supplieis,
landlords, lessors, government agencies, and other third parties all amounts when due without
liability to us Upon oui request, you will provide us wiith proof of payment to third parties i
Any failure to pay suppliers timely will damage oui leputation and the reputation of other
franchisees, and in the event of such failure, we will have the i ight, but not the obligation, to
pay all oi any poition of the sum due, togethei with acciued interest and penalties, and to
collect leimbursement from you, including by EFT from the account from which your Royalties
and other fees aie paid You consent to us directly contacting and obtaining any infomiation
from any of youi cunent oi fonner supplieis vendors, oi lessors at any time [
I I
6 COMPUTER S\SJEMS
6 1 Computeiized Point-of-Sale System You will pin chase, maintain, and sei vice
any computeiized point-of-sale and accounting system! we designate foi opeiation of the
Studio, including any accompanying computers, modems, ciedit/debit caid leaders, cash
diaweis, leceipt printeis, and othei associated equipment You will purchase and pay for
Lipgiades 01 new softwaie as we lequiie fiom time to time in oui sole discietion
62 Hardwaie and Internet Access You will obtain and maintain sufficient and
opeiable computei hardwaie, soffwaie, and internet accessI (i) to provide foi continuous access
to any piopiietaiy intianet system we designate foi communications between us and you and to
any web-based soffwaie we designate, and (ii) to peifoim all othei opeiations requiied by thei
Pure B iriL
2015 0^12016 TDD | T\ B - rranchiit A^reuiiuit
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 1001 0045/4^2119-1141100 3
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Manuals You will nol allov^ ii^y nnauthoiizui ptisor to access any piopiictaiy intianel oi
othci compuici izcd systems
Pure Birrc
3-01-S 052016 rOD | T\ B - rMndiisi. \^n.um.ni
This document was1168
downloaded from franchimp.com.I All
001 004V122130 the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1411003
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
benefits foi pusomicl ('nLliuung lvi peisonnel Tid'oi ou' iepie^-cntalnls agents oi affiliates)
who manage and administei the Ad Piogiam diiecl mail adveitising speeial events maiketing
SLiivcys and othei public lelations activities employing adveitising and/oi public lelations
agencies to assist theiein sponsoiship of oiganizations and events including athletic teams
fund laising activities, tournaments and othei similai activities, puichasing piomotiona! items
conducting and administei mg in unit piomotions developing and maintaining application
softwaie designed to lun on computeis and similai devices, including tablets smaitphones and
othei mobile devices, as well as any evolutions oi “next geneiations” of any such devices and
providing piomotional and other maiketing mateiials and seivices We aic pcimitted to
perfoim any Ad Piogiam functions ouiseKes oi thiough our employees, lepiesentatives,
agents, or affiliates
74 Gland Opening Sepaiate fiom youi payments to the Ad Piogram you must
spend no less than $1,000 to piomote and host a grand opening event at the Location We
leseive the light to appiove all aspects of 3'oui giand opening piomotion, including the content
and timing
17
Piia Uirri.
:-015 032016 rOD I B - rnnchisi, \_rtLiiii.nl
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
75 Ljlci! yvdvulisiii» Exptnses Dm mg lIL Teim, you will pioinote youi Studio
by spending on local advcitising maiketing and piomotions within the aica leasonably
suiiounding the Studio (‘Youi Local Maiketing ) a mojnthly amount cuiiently no less than the
gieatei of (i) 1% of the Studio’s Gioss Sales foi the pieccding month oi (ii) $150 pci mont|h
Upon 0111 lequest, you will piovide to us a lepoil documenting all local adveitising expenses
It you fail to make the expendituics lequiied undei thil Section 7 5, we may lequiie that you
contiibute the amount you failed to spend to the Ad Piogram
(a) you will ensuie that youi activities leflcct tavoiably on and do not dispaiage
your Studio, us, the Marks, oi any other Puie Bane Stidio oi ownei '
(b) you will not engage in any adveitising oi piomotions aiound oi within any
known lestricted ladius around any othei Pure Bane Studio without oui consent, provided,
however, this lestriction will not limit youi use of social media conducted in accoi dance with
our then-applicable social media policies and geneial mejdia advertising such as wide-circulatiqn
newspaper, radio, or television
(c) prior to use, you will submit to us all proposed print and other promotional
materials, and a description of all proposed public or marketing events You will use only
materials we approve or provide and will participate only in events we approve, except that we
will be deemed to have disapproved any materials and events that we do not disapprove within
10 days of receipt of your subiTussion If you submit to us foi approval any materials oi
proposals, then we aie permitted to adopt those materials or proposals for geneial use in
advertising or piomotions, m which case you will takej any action leasonably wc request to
document and confimi an irievocable and perpetual assignment to us of any copyright and a
waivei of any moral rights i elating to that advertising oi piomotion in consideiation of the
continued use of the Maiks and System
(d) Youi Local Maiketing will include advertisement of the Studio in any piint or
online diiectoi^ listings we lequire, which advertisements you will submit to us foi approva
pi 101 to placement
7S On-Sitc Displays At and upon the Location you will use and display all sighs
displays, adveitising and othei matciials w'c designate and only such items that we appiove
79 Websites We have established and may tiom time to time update and modify a
website to advertise, maiket, and promote Pine Bane Studios, the pioducts and scivices thk
they ofiFei and sell, or the franchise opportunity (a “System Website”) We will maintain the
System Website in oui disci etion and may use the Ad Program’s assets to develop, maintain,
and update the System Website We have final appioval lights ovei all information on tlie
System Website
We may, but aie not obligated to, piovide you with a webpage on the System Website that
leferenccs youi Studio If w'e provide you with a webpage on the System Website, you must'
(i) provide us the information and materials we lequest to develop, update, and modify yoiji
webpage, (ii) notify us whenever any information on youi webpage is not accurate, and
(in) pay our then-current monthly maintenance fee fpi the webpage We will own all
intellectual property and other rights in the System Website, including youi webpage, and all
information they contain (including, without limitation, the domain name or URL for your
webpage, the log ot “hits” by visitors, and any personal or busmess data that visitors supply) I
We may suspend or remove your webpage if you are not in full compliance with this
Agreement and will permanently lemove it from the System Website upon expiration or
termination of this Agieement
All adveitising, marketing, and promotional materials that you develop foi youi Studio must
contain notices of the System Website’s domain name in the mamiei we designate Except as
otherwise directed bv us in the Manuals. ¥you may not develop, maintain, oi authoiize any
othei website or create or use a screen name, usei name or profile on any social networking
site that mentions oi describes you oi your Studios or displays any of the Marks Any mention
you make through youi personal social media accounts laf youi status as a Puie Bane Studio
ownei 01 fianchisec will be deemed “advertising” for p Lii-poses of, and will be subject to all
rcquiiements undei, this Agieement
Pi rc B irrc
204-3 032016 rOD | Ex B - rnntliisL ALauiKiit
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
phutOi^ianlKis Wc nnv also leqiiiic v<iu to sell Lo us ciciss ceitiFicatcs at noimdl diboOimis, to
use as niomotional and incentive items
7 1I Requited Advcitisine Cap At any time upon notice to you, we have the light
to inucasc the amount ot (i) Ad hees you must contiibutc to the Ad Piogiam, (ii) the local
adveitising expcndituies, and (in) Ad Co-op conti ibutions, piovided, that in no event will you
be lequiied to contiibute to all of the foiegoing adveitising vehicles, in the aggiegate, moie
than 5% of the Studio’s Gioss Sales annually unless the membcis of an Ad Co-op in which
you aie lequued to paiticipatc vote to inciease conti ibutions to the Ad Co-op
82 Subsequent Tiaining We may requiie you (oi one of youi Oawneis if you aie
not an individualEntitv'). your Opeiations Managei, voui Lead Teachei. youi Designated
Repi esentative, and youi employees to participate in and complete to our satisfaction, before oi
aftei voui Studio opens, any and all additional tiaining and education progiams we mandate
In addition to any tiavel, accommodations, wages and othei costs foi youi lepiesentatives
attending any subsequent tiaining piogiams, you will also pay to us a tiaining fee that we
designate for the paiticulai piogiams If you seek to appjoint a new Opeiations Manager. Lead
Teachei. oi Designated Repiesentative, then you will ensure that the pioposed new Opeiations
Manager. Lead Teachei. oi Designated Repi esentative (if appioved by us) completes to oui
satisfaction all tiainmg then lequired of Operations Manageis. Lead Teacheis. and Designated
Representatives foi new fianchisees and pay oui then-standaid tiainmg fee We have the light
to lequiie that any fianchisee seeking additional tiaining undei this Section 8 2 must be in
compliance with this Agieement
Piiii. B irre
20 Ij 0j20I6 TDD | P\ B • rrjnchisL Aj-rcLMiLTit
This document was downloaded from franchimp.com. j All the
116S 001 0045/12-2'I 0 I 1-1 I00 1 jinformation on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
83 Thi.d Pain ru'in.niJ "i OLi will p iitici|jatc in md complete to oui satisfaction
any tiaining with thiid-paity piovideis of soflwaie, haidwaie and othci opciational aspects ot
the Studio
84 Annual Convention We may hold and icquiie you (oi at least one of youi
Ofiwneis if you aic not-an indmdualf andan Entity^ youi Opeiations Manaaei. and voui Lead
Teachei to attend an annual convention oi meeting of hanchisees (the 'Annual Conventioif)
In addition to being lesponsible foi any tiavel, accommodations, wages, and all othci expenses
foi youi icpiescntatives attending the Annual Convention you will pay us at oui option, the
fee that we designate foi each attendee at the Annual Convention The fee will geneially
leflcct OUI diiect and administrative costs ot organizmg and pioviding the progiams and
mateiials foi the Annual Convention If you (oi a leiquiied lepiesentativc) fail to attend a
mandatory Annual Convention, in addition to any othei lemedies available to us puisuant to
this Agieement, we reseive the right to charge you a non-attendance tee in an amount we
deteiiTune, in oui sole discietion, to be the costs attributed to youi tailure to attend ,
9 1 Monthly and Other Reports On the due date of each Royalty payment, you
will piovide to us in a fonn and foi mat we presciibe a iepoit of all Gross Sales on which the
Royalty payment is based (the ‘Monthly Report”) Your submission of the Monthly Repoijt
will constitute youi repiesentation that its contents aie accuiate to the best ot your knowledge
Additionally, you shall piovide to us any othei repoits and financial mformation (mcludingas
we reasonably reouiie. which mav include fat up-to-date personal financial information
concerning youi guaiantors) as--we r&asonafify require ^ bf voui un-to-date balance sheet, and
fcf an income statement, niofit and loss statement. nd statement of changes in financial
position foi you that has been prepared for anv full or nartial fiscal veai neiiod that we
designate
92 Recoids You will keep accuiate lecoids and books ot account in ielation to
the Studio, including recoids of all goods and seivices piovided to customeis, all puces
chaiged, and all Gioss Sales leccived oi ciedited, in a foim and detail w'e piesciibe oi appiove
You will acquue at youi own expense and use any accounting oi othei lecoid-keeping
soffwaie (including any web-based soffwaie oi system) we lequiie You will pieseive foi a
peiiod of at least thiee (3) years aftei the end of each fiscal yeai all books and lecoids ielated
to that yeai
21
Phil Banc
SOI5 052016 rPD | C\ B - rnnehisc As,rcunuit
This document wasndownloaded from franchimp.com.1143100
68 001 004Vn2b0 All the information
l on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
93 Annual Ri-poidu.t: At oui option, in adLlilion to il'e Monthly Rcpoits, you will
submit to LIS, no latci than 90 clays ahu the end ot each fiscal yen the following infoimation
concerning the fiscal ycai ccitified as coiicct by you
(a) A statement of Gioss Sales foi the ycai as finally adjusted and icconciled altei
the close and leview of youi books and lecoids toi th j ycai If that statement discloses any
Lindcipayment of amounts owed to us, then you will pay to us at the time of submitting the
annual statement, the amount of that underpayment We will credit to youi account any
ovei payment disclosed by such statement except that we aie not piecluded fiom disputing
whether an ovei payment has occurred
94 Coipoiate Recoids If you aic an Entity, then you will piovide to us upon
lequest copies of any coipoiate lecords, including certificates of incoipoiation oi othei
documentation establishing youi entity status, youi articles of incorporation and bylaws, any
shareholder, niembei oi partneiship agreement, and documents reflecting Entity ownership
95 Inspection and Audit Rights We and our designee are permitted, with or
without prior notice, dm mg the regulai business hours of the Studio but without undue
disturbance to it, to inspect and audit the Studio, including to assess your compliance with data
security and privacy lequirements as described in Section 6 5 and to enter into the Location or
any othei piemises at which you maintain lecoids, and to inspect and take copies of any paper
01 electronic records relating in any way to the Studio We may audit oi diiect an independent
auditoi to audit the Studio foi any time peiiod foi which you are lequiied to maintain lecoidsl
and you will comply with all leasonable lequests tor records and financial data relating to that
audit If any audit (a) is precipitated by youi failuie to provide lequired reports, (b) leveals
an undeistatement of Gross Sales of 3% or moie, or (ci) reveals a failure to comply with the
data secLiiity and piivacy lequiiements of Section 6 5, tlien you will immediately leimbuise us
foi the leasonable costs and expenses of the audit, and will tendei to us any lesulting
underpayments of fees, togcthei with late tees and inteiest Oui collection of those payments
IS not an exclusive lemedy and does not pieclude oui enforcement of any rights undei this
Agieement ielated to youi failuie to perfoim In addition, if any audit icveals ah
undei statement of Gioss Sales of 10% oi moie then at oui option, you will promptly piepare
at youi sole expense and submit to us audited financial statements foi the piioi and cuiient
fiscal yeais
96 Use ot Data We aic permitted to use and disclose any infoimation oi data
leceived horn, and any othei infoimation concerning, you and youi Studio foi any valid
business puipose, including disclosuie to cuirent oi piospective franchisees, disclosuie to
curient oi piospective investois and lenders and disclosuie to or as lequired by any
I lire Barn.
:0l3 052016 1 DD I Tx 13 - H inthise Atru.meni
This document was1 downloaded from franchimp.com. IAll1431003
I6S 001 004S/122li0 the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
governmental oi legulaiui}' authoiilj We will nil|.e ll_a^o^able eitoitb to maintain the
confidentiality o1 the data w'llhin the intended gioup ol ccipicnts
YOUR COVENANTS
10 1 Non-Competition During Tcim of Agieemcnt Duiing the Teim yon and youi
owneis will not
A “Competitive Business” is any business (other than another Puic Bane Studio) that
(a) operates, grants fianchises or licenses foi the opeiation of, oi otheiwvise assists the
operation of a fitness or exercise business oi (b) sells fitness apparel oi equipment
td) lease, diiectlv or indirectly, anv leal estate that vou oi voui owneis has
anv ownership interest in to a Competitive Business
10 3 Othei Covenants
(a) Non-Solicitation During the Teim, and toi two (2) yeais atteij
expiration oi termination of this Agieemcnt, you and youi owners will not solicit oi'
hue any person who is then oi, dining the 6-month peiiod piioi, was employed by us,
any oi oui afitlliates, oi any of oui fianchisees oij solicit oi induce any such peison to]
leave his employment with, us any affiliate of oiiis, oi any othei fianchisee of ouis, in
any case, without the prioi wiitten consent of such person’s cmployei oi fonnei
employci
Piirt Barru
2015 052016 rPD 1 T\ B — rram.hiic A
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S 001 0045/4j2 l30 I 141100.,
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(b) Non-Dispdicigemcnt Duiin^ the; Temi )i It any time theimallei you
agicc not to (and to use youi best cffoits to cause youi euiienl and toimei
shaieholcleis inembeis oHiceis diiectois piiiicipals, agents, paitneis, employees
lepiesentatives attorneys, spouses, affiliates suclessois and assigns not to) dispaiagc ]oi
otheiwise speak oi wiite negatively diiectly oi indiicctly of us oui affiliates, any ol
oui Ol out affiliates’ owneis, diicctois officcis, i unployecs, lepicscnlatives, oi affiliates
the Puie Bane biand, the System, any Puie Ban|e Studio, any business using the Maiks,
Ol take any action which would subject the Ijiiic Banc biand to ndicule, scandaji,
lepioach, scorn or indignity oi which would negatively impact the goodwill of us oi
the Pure Bane biand
(c) Training and operations materials and manuals (including the Manuals),
(f) Knowledge of specifications for, and supplieis of, pioducts and services used in
connection with the Studio, i
(h) Knowledge of the opeiatmg lesults and financial peifoimance of Puic Bairc
Studios,
(j) Exeicise loutines and techniques, choieogiaphy, and any music playlist we
piovide foi use during sessions offeicd at the Studio (even though exhibited publicly in Pure'
Bane Studios and othei public venues), and
Piia B II a
20rs-032016 TDD j r\ B - rianclii-it A„ai.mi.m
This document wasI downloaded from franchimp.com.
168 001 0045/4-2 2 ■! i0 I All1421003
the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(k) [ntoimalion lelaimg to cllc^t'^ anJ iiKinbci^- such as names, adcliesses, telephone
mimbcis, c-mail addiesses buying habits pi etei cnees demogiaphic infoimation and ielated
infoimation (collectively Membership Intormation”)
You will not acquiie any intciest in the Confidential Infoimation othei than the light to
use It, during the Teim, as w'c specify in opeiating the Studio in accoidance with this
Agi cement The Confidential Information is piopiielaiy to us and oui affiliates, includes oui
01 our affiliates’ tiade seciets and is disclosed to you oily on the condition that you
(1) will not use the Confidential hfoimation in any othei business oi
capacity,
Confidential Information does not include information, knowledge, oi know how which
you can demonstrate lawfully came to your attention befoie we piovided it to you diiectly oi
indiiectly, which, at the time we disclosed it to you, already had lawflilly become geneially
known in the exeicise industiy through publication oi communication by othei s (without
violating an obligation to us), oi which, aftei we disclose it to you, lawflilly becomes generally
known in the exercise industiy through publication oi communication by otheis (without
violating an obligation to us) Howevei, anyone whjo claims that infoimation it is not
Confidential Infoimation must piove that one of the exclusions piovided in this Section 10 4 is
fulfilled
I
You acknowledge and agiee that, as between us and you, we and our affiliates aie the
sole ownei of all light, title, and interest in and to the System and any Confidential
Infoimation All impiovements, developments, deiivative woiks, enhancements, oi|
modifications to the System and any Confidential Infoimation (collectively, ‘Innovations”)
made oi cieated by you, your employees oi your contractois, whethei developed separately oi
in conjunction with us, shall be owned solely by us and oui affiliates You lepresent, wan ant,'
and covenant that your employees and conti actors aie bjound by wiitten agreements assigning
25
Piia Barrc
201^-052016 rOD | C\ B - rnnchisc Ai,r(.Lnicnt
This document was1168
downloaded
001 from franchimp.com.
0045/I221 j0 IAllI41I00
the information
1 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
to you 01 LIS and oui atliliates all nghls in and it aiiv Innovations developed oi cicatcd by
them To the extent that you youi employees oi yoiii contiactois aic deemed to have any
inteiest in siieh Innovations you hcieby agiec to assign and do assign, all light, title and
inteiest in and to such Innovations to us To that end, you shall execute veiity and dclivei
such documents (including assignments) and peitonn sJph othci acts (including appealances as
a witness) as we may reasonably lequest toi use in applying foi, obtaining, peitecting,
evidencing, sustaining, and entoicing such owneiship rights in and to the Innovations, and tlie
assignment theieot Youi obligation to assist us with lespect to such owneiship lights shall
continue beyond the expiiation oi teimination of this Agicement If we aie unable foi any
leason, aftei reasonable effoit, to secure youi signatuie jon any document needed in connection
with the actions specified in this paiagiaph, you heieby iirevocably designate and appoint us
and oui duly authoiized ofificeis and agents as youi agent and attorney in fact, which
appointment is coupled with an inteiest and is irrevocable, to act foi and on youi behalf to
execute, veiify, and file any such documents and to do all othei lawfully pei nutted acts to
flirthei the pui"poses of this paiagraph with the same legal foice and effect as if executed by
you The obligations of this paiagiaph shall suivive any expiration oi teimination of the
Agreement
11 RENEWA
1 I 1 Renewal Teims Subject to youi comp lance with this Article 11 and on oui
election to continue fianchising both generally and in the geographic legion in which youi
Studio IS located, you will have the oppoitunity to lenew the Teim foi two successive peiiods
of five (5) yeais each (each a “Renewal TeinV’) The conditions foi lenewal foi the initial
Renewal Teim aie set foith below, while the conditions 01 the lenewal of the second Renewal
Pure BnriL
3015 032016 TDD | C\ B - rrjnchise A!,ru.mcm
This document was1 downloaded from franchimp.com.
16S 001 0045/1324 jO-1All143100
the information
3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
feim Will be as set toith in oui '>tiin ot hanehisL dgieeinent which you sign in connection with
the initial Renewal Tcini in the fianchise agiecment in effect at that time
(
(a) We must leccivc wiilten notiee of youi dcsiie to acqiiiie a Renewal feim (the
“Renewal Notice ) not less than 90 days and not moicj than 180 days piioi to the end ot the
expiiing Teim, except that we aie permitted to modify this notice peiiod by piioi wiitten
notice to you in the event that applicable law requiies us to piovidc gicatci than 60 days’
notice ot any non-renewal
(b) You must be in full compliance with this Agreement, any othei agieement
between you and us or oui affiliates, the Manuals, and any othei System lequirements as of the
end of the Tenn,
(c) You must have obtained maintained, and be in good standing with all of youi
necessaiy and applicable licenses and permits as of the end of the Teim
(d) You must be in compliance with all monetaiy obligations to us, oui affiliates,
and to all vendors, supplieis, lessors, and governmental and taxing authorities as of the end of
the Terra,
(e) You must have made any modifications, repairs, updates, upgrades, and
lenovations we require to the Location, to the goods and services offered by you, to your
advertising, marketing and promotional programs, and to your computer, financial, and
accounting systems, and be current on all then-i equired tiaunng programs as of the end of the
Term,
(f) You must have committed no moie than two (2) material defaults of this
Agreement foi which we have issued wiitten notice and demand for cure duiing the Term, '
(g) You must piesent evidence satisfactoiy to us that you have oi will have the
light to lemain in possession of the Location foi the durkion of the Renewal Teim, I
(h) You and youi Owneis must, at the end of the Teim, execute a geneial leleasej
in the form we piescribe, of any and all claims accruing piior to the end of the Term in favoi
of us and oui shareholdeis, officeis, diiectois employees, affiliates, and agents to the extent
that release is permitted by applicable law
(■) You must meet all geneial lequiiemcnts then applicable to appioval of new
fianchisees,
You must pay a lenewal tec toi the Ren ;wal Teim of $5,000, which tee you
will pay in lieu of any initial fianchise fee othei wise required by that agieement and
27
Piir Barre
2013 052016 TDD | T.\ B - Tr incliiu ALrcuiKiit
This document was116Sdownloaded
001 from franchimp.com. lAlll4rin03
004‘i/l22lj0 the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(k) You unci >oui 0\vnei'. must c\tLUle pno' to but commencing us ol the end oi
the Tcim 0111 Ihui-euiicnt toim ot fianchise ugicement and all ancilluiy ugicements then used
to giant new hanchises us dcsciibed in Section 11 4 below
I 1 3 Tempoiary Extension It, thiough no tault ot youis, we and you do not entei
into oui then-current toim of fianchise agicement but you continue to opeiate the Studio aftei
the end of the Term, with oui consent, then that will be consideicd a tempoiaiy extension of
this Agieement, which extension wc aie peimitted to discontinue at any time and foi any
reason upon 30 days’ wiitten notice If we discontinue that extension, the discontinuation will
be consideied a non-renewal of this Agieement and not a teimination If we do not consent to
your continued opeiation of the Studio affei the end of the Teim, then this Agieement will be
expiie at the end of the Term and undei no ciicumstances will you continue to operate the
Studio
12 TRANSFER
(a) You must be in full compliance with this Agicement, any othei agieemcnt
between you and us oi oui affiliates the Manuals, and a ny othei System lequiiements,
(b) Pi 101 to the Tiansfei, you must have peifoimed all modifications, lepaiis
updates upgiades, and lenovations we lequire to the Location, to the goods and services
offeicd by you, to youi adveitising maikcting and piomotional piogiams, and to youi
computei, financial and accounting systems
(c) Pi 101 to the Tiansfei, you must have paic us a tiansfei fee equal to 25% of the
then-cunent initial hanchise fee foi cnteiing into a iianciise agieement with us,
(d) You must provide to us in writing the teims of the proposed Transfer, and we
must determine, in oui sole discretion, that the teims of the proposed Tiansfer aie leasonable
and will not unduly hinder the transferee’s ability to operate the Studio successfully, i
(e) The transferee must submit any information or documents then required of new
franchisees, and the transferee must meet all of our subjective and objective standards,
mcluding experience, financial capacity, talent, skills, and qualities of character, applicable to
new franchisees,
(f) The tiansfeiee and its Owneis (if the transfeiee is not an individual) must agree
in writing to assume this Agreement, all ancillaiy agicements, and all obligations of youis in
connection with the Studio oi, if we lequest, the transferee (oi you if the subject of the
tiansfei is a paitial owneiship inteiest in you) will instea'jd execute any oi all of the documents
we then lequiie of new fianchisees, including a guaranty agieement and a hanchise agreement
on OUI then-cuiicnt fonn The new franchise agreelment may vary mateiially from this
Agieement, but will be the same generally as othei agicements we offer at that time, except
that, at our option, the temi of a new franchise agieement will be the standard teim ofteied
undei the then-cuirent form of fianchise agieement or the lemainmg pciiod of the Teim,
(g) At OUI option, you must simultaneously tiansfei to the tiansfeice anjl'
development agreement multi-unit agieement, aiea lepiesentative agieement, and any othei
agieement between us oi oui affiliates and you oi youi a|ffihatcs, undei which oi in conjunction
with which this Agreement was granted oi enteied into
(h) The tiansfei ee must agiee in writing to complete at its expense and to oui
satisfaction a naming piogram within 30 days after the effective date of Tiansfei and pay us
OUI then-cuiient fee for thaf naming
Purv. Birrc
2011 052QI6 rOD | T\ B - rnnchisi. A^,ri.i.nuni
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6S 001 0045/I2-2-I iO 1143100 2
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ticinsfeicc of leases agiei,mtiils pemiiis, appiovals anfi liLenses used in eonnection with the
Studio, and
(j) You and youi ovvneis (and li the tiansfeiec is an existing Puic Banc Studio
fianchisce, the tiansfciee and its owneis) must exetulc a geneial lelcase, in the toim wc
piesciibe, of any and all claims acciiiing piioi to the effective date of tianstei, in favoi ol us
and oui shaieholdeis, officcis, directois, employees, affi lates and agents
12 3 Non-Exclusivc Additional Bases foi Denial Foi sake of claiity and without
limitation, in addition to the bases identified above, we also aic permitted to deny appioval of
the pioposed Transfei if wc have elected to discontinue, peimanently oi tcmpoiaiily, to sell
fianchises, eithei geneially oi in the geogiaphic area in which the Studio operates oi is locatcld
01 if we would not sell a hanchisc diiectly to the tiansfeice under noimal ciicumstances
12 5 Right of Fust Refusal No latei than five (5) days after leceipt by you of'a
bona fide offer acceptable to you to purchase oi acquire all oi part of you or the Studio (th'e
subject of which bona fide offer is defined as the “Assets,” and that offei will include any offei
originated ot extended by you and agreed to by a prospective puichasei), you will delivei to us
a signed copy of the complete offer We oi oiii assignee is then permitted to puichase and
acquire the Assets and youi lights under this Agieement at the same price and on the same
terms and conditions as offeied to you We aie peimitted to substitute cash foi any othei form
of consideiation contained in the offei and to pay the entiie pui chase puce at closing If we
elect to exeicise this light to pui chase, we will do so in wilting and no later than 30 days aftei
leceiving youi notice If we do not exercise this light to pui chase within 30 days, then subject to
the othei lequiiements of this Article 12, you are permitted to tiansfer the Assets to the offei oi, but
only on the tenns disclosed to us in wnting If the teims of the offei matenally change at any time
pi 101 to tiansfei, then you will notify us of such change, and wc will have a lenewed nght of fiist
lefusal as piovided in this Section 12 5 If you do not liansfei the Assets to the ofteioi within 90
days fiom the date on which you deliveied a signed copy of the complete ottci to us, then you will
agaui extend this fiist light of leftisal to us befoie making any tiansfer oi assignment
Notwithstanding the foregoing, if youi Studio has been used as collateial foi a loan
guaiantecd by the Lf-S Small Business Administiation (“SBA^ (which is subject to oui consent as
described in Section 12 4) we will not while such loan lemains unpaid, cxeicise our light ot fiist
leflisal undei this Section 12 5 with respect to a tiansfei of part of the owneiship intciests in you
unless, in connection with oui exeicise of the light of fiist icftisal, we aie paying off the SBA-
Piirc Barrc
3013 032016 TDD | rx B - I nnchisL AtrLLnKin
This document was downloaded from franchimp.com. All the information
I 1 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
guaifinieeci loan Howevc vvc icrain iighl to assign oiii iighi oL fiist lefusal \Mlh 'Aspect to
such tiansteis to an unaffilialed thiid-pai1y
12 6 Sales of Seem itics In addition to youi atliei obligations, it you sell oi offei to
sell secuiities oi othei owneiship inteicsts in you such that that sale is legulated by any
applicable law, then you will (i) fully comply with all applicable laws, (ii) disclose to offeiees
and puichaseis that neithei wc noi oui employees affiliates
'''' ' oi agents aie an issuci oi
undeiwiitei, oi aie in any way liable oi lesponsible foi he ofteiing, (iii) ensuie that we have a
reasonable time to the leview any leferencc to us oi oiii hanchisees in any piospectus oi
offei mg documents befoie you uses oi distiibutes them, (iv) pay oui actual legal costs incuired
for oui review, (v) defend and indemnify us oui officejis, diiectois, employees, affiliates, and
agents fiom any liability, cost, damage claim, and expense and fiom ongoing obligations to
shareholders and to governmental agencies aiising out of oi ielating to the offei, sale, oi
continuing investment, and (vi) sign any furthei indemnities and provide any furthei assuiances
we reasonably requiie
3I
Pull. Biia
201^ 052016 rOD | T\ B - Tr indiist ALKuiiunt
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S 001 0045/4j-2 b0-l-143l00 .
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
!3 l^-DCMNiFlCATFON AND INSURANCE
13 Yolii Indemnification You shall indemnity and hold us ind oui affiliates and
OLii and then lespcctivc ovvncis, diiectois, manageis officeis employees, agents successois,
and assignees (the ‘ Indemnitees”) haimless against any and all causes of action, claims, losses,
costs, expenses, liabilities, litigation, penalties, damagesj oi othci expenses (including, but not
limited to, settlement costs and attorneys’ tecs) aiising diiectly oi indiiectly from, as a lesiilt
of or in connection with the opeiation of the Studio or youi conduct undei this Agiecment,
including those alleged to be caused by the Indemnitees’ negligence unless (and then only to
the extent that) the claims, obligations or damages aie jdeteimined to be caused solely by the
Indemnitees’ gioss negligence oi willful misconduct accoiding to a final, unappealable luling
issued by a couit oi aibitiatoi with competent juiisdicticjn You agree that with lespect to any
threatened or actual litigation, pioceeding oi dispute W|hich could directly oi indirectly affect
any of the Indemnitees, the Indemnitees shall have the! right, but not the obligation to (i)
choose counsel, (ii) direct, manage and/or contiol the handling ot the mattei and (in) settle on
behalf of the Indemnitees, and/oi you, any claim against the Indemnitees in then sole
discretion All voucheis, canceled checks, leccipts, leceipted bills oi othei evidence ojf
payments toi any such losses, liabilities, costs, damages, chaiges or expenses of whatsoevei
natuie incurred by any Indemnitee shall be taken as pnma facie evidence of your obligation
hereunder
13 4 Insuiance You will procuic and maintain general compiehensive liability and
business automobile liability insurance, with policy limits in amounts we specify in the Manuals^
To the extent available, we aie permitted to lequiie you to obtain insurance toi contractual
liability, enois and omissions, and employei’s liability (woikeis’ compensation), with policy
limits in amounts we specify in the Manuals You will ensuie that all insuiance policies toi
liability coverage name us and our owners, officeis, diiectois and employees as additional!
insLiieds (on a primary and non-conti ibutory basis), and contain a waivei ot subiogation ml
favoi ot us and oui owneis officeis, diiectois and employees We aie permitted to establislV
leasonable minimum standaids foi coveiage to be met by undeiwiiteis toi insuiance, which we
will state in the Manuals Before opening foi business, you will piovide us with certificates ot
insurance foi all policies and will obtain any othei insuiance lequiied by law You wilf
maintain in good standing all lequued insurance during the Teim, and will immediately notify^
32
Puie Birn.
301a 032016 rOD | C\ B - rniichiSL Agreement
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
US 0^ any !apt,L, altei Uio" oi v.ancdl?tion oi my polity oi co\eiage We aio enlit'ed to make
any levision lo any insiiiance leqmicments heicin upon tasonablc notice to you '
TERMINATION
14 1 Termination by You If you and your owners are fully complying with this
Agreement, you may terminate this Agreement if we vio ate a material and substantial provision
of this Agreement and fail to (i) remedy or to make substantial progress toward curing the
violation withui 60 days aftei receiving wiitten notice from you detailing oui alleged violationi
or (ii) give you reasonable evidenee of our effort to cure such failure within a reasonable time
(if we cannot correct the failure within such 60 days) within 60 days aftei receiving written
notice from you detailing our alleged violation
(ill) become bankrupt oi insolvent oi other A'lse unable to pay youi debts as they
become due
33
Puri, Barn.
COI; 032016 TDD | Cx B - Tr inchisi. A,,n.cni(.nl
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(iv) make tin cibSignmciil loi the bciidlt ot cieditois, have a leceivci oi bimilai
custodian appointed oi make a disposition ol su istantially ali oi yoiii assets
(vi) yoLiiselt 01 thiough any ownei aie ai csted foi held liable toi, aic convicted
of, 01 plead guilty oi no contest to a chaige ol v lolating a law lelevant to the Studio,
(vii) youiself oi any ownei is intoxicated 01 undei the influence ot illegal diugs
while at the Location
I
(viii) attempt to make a Tiansfei without complying with Article 12, oi make
unauthorized use of the Maiks oi disclose oi make unauthoiized use of the Manuals oi
othci Confidential Intoimation,
(ix) fail on thiee (3) oi moic separate occasions within any 12-consecutive-
month period to comply with this Agreement w lether oi not you conect the failuies
after our delivery of notice to you.
(x) fail on two (2) or moie separate occasions within any 6-consecutive-montli
period to comply with the same obligation under this Agreement, whether oi not we
notify you of the failures, and, if we do notify you of the failures, whether oi not you
correct the failures after our delivei-y of notice to you, 1
(xi) fail to meet the Minimum Cumulative Royalty lequirement in any applicable
Measuiement Peiiod oi fail to cuie such failure if a cuie IS applicable as piovided in
Section 4 9,
(xii) fail to pay when due any amount owed to any creditoi, supplier oi lessoi of
the Studio (excluding us and oui affiliates) and do not conect the failuie within any
applicable cure period.
txv') create or allow to exist anv condi ;ion in 01 at the Premises that w&
leasonablv determine to nresent immediate healtl or safetv concerns foi the Studio’s
1
customeis or emnlovees. oi
1
(xvO violate anv health, safetv. oi sanitatiion law. oidinancc. oi legulation. or'
oneiate vour Studio in an unsafe mannei. and do not begin to cuie the violation
immediatelv. and correct the violation within seve itv-two ni) houis aftei vou receive
Piiri, Bjrrt.
2015 032016 TDD | T\ B - rrjnchisc A^rtLiiiLjU
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
notice fiom us oi an\ othei naitv. leuaidle^; i t anv Icnaei nciiod ot tunc that anv
covcinmental aulhoiitv oi airencv mav have civc' 1 vou to cuic such violation
1
14 5 Remedies Othei Than Teimination you commit any act oi omission that
would give use to oui light to teiminate, then we aie pemiittcd to, instead ot oi in addition to
teiminating, withhold, postpone, oi forgo any services, payments, access to any electionic
systems oi othei materials, oi any other obligations imposed on us by this Agreement oi the
Manuals, until you have cured youi violation oi have ithei-wisc lemedied the default to oui
satisfaction
(a) You will immediately pay all amounts owed to us, including all Royalties, Ad
Fees, and any other fees based on Gross Sales for all Gross Sales through the effective date of
expiration oi teimination,
(b) You will promptly letuin to us at your expense all Confidential Information,
including without limitation, the Manuals, any item beaiing the Marks, and any othei
copyrighted ot proprietary mateiials oi softwaie i elating to the System in youi possession,
custody, 01 control, will cease doing any business unda oi associated with the Marks, will
cancel any corpoiate oi tiade name icgistiations that use| any Maik oi deiivative ot any Mark'
and will lefiain fiom identifying yourself as out fianchisee oi licensee
(c) You will lemove fiom the Location and any othei pioperty in your possession,
custody 01 contiol all Maiks and signs displaying any Maiks, including any trade diess
associated with us oi the System
(d) At oui option, you will assign to us any telephone number, Internet domain
name email addiess, electionic network, and diiectoiy listing ielating to the Studio, and will
coopeiate in all communications lequiied with thud parties to ensuie such assignments aie
peifoimed,
(c) You will allow us oi oui designee to veiify youi compliance with all post-
temiination obligations, and will allow us to make a fina inspection and audit of your books.
recoids, and accounts,
3.S
Piirt Bnrri.
3015 -0‘<20I6 TDD | T\ B - rnncliisL Ai,rccnicm
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S 001 0045/1-33-I30 1143100 1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(0 You will comply with all othoi obligt, loiis undci tliib Agicement that cxpiessly
01 by implication aic intended to suivivc teimination oi expiiation of this Agiecment, including
the covenants contained in Aiticic 10 above and
(g) Wc wall be entitled to cxeicise all othci mcdies available undei this Agiecment
01 by law
14 7 Oui Right to Puichase Ceitain Assets ot the Studio Upon (i) any termination
of this Agiecment 01 (ii) upon cxpiiation of this Agreement without icnewal, we shall have the
light and option but not the obligation to exeicise the following lights within 30 days aftei
such tennination oi expiiation
(a) Puichase the equipment used in the opeiation of the Studio at a puichase puce
equal to the net lealizable value of the Studio’s tangible assets in accoidance with the
liquidation basis of accounting (not the value of yoiii Studio as a going concern) and puichase
the fee simple inteicst in the Location of the Studio at fan market value (if you or one of youi
affiliates own the Location of the Studio and we elect not to lease oi sublease the Location as
piovided in (b) below) We will have the right to inspect the equipment and the Location at
any time during the 30-day pet lod that we have to exercise our rights, and/or
(b) Exeicise the rights to the Location of the Studio as provided in this Paragraph
(b) If you lease or sublease the Location for the Studio fiom an unafBliated lessoi, or if we
choose not to puichase your (or youi affiliate’s) fee simple interest in the Location for the
Studio, you agree (as applicable) at our election to (ij assign youi leasehold mterest in the
Location of the Studio to us (or our assignee), (2) entei mto a sublease with us (or oui
assignee) foi the lemaindei ot the temi ot youi lease/sublease on the same temis (including
lenewal options) as your lease/sublease, or (3) lease the Location of the Studio to us foi an
initial five (5) year tcmi, with two 5-yeai lenewal terms (at our option), on commercially
leasonable terms
If we elect to exeicise this option, we will delivei wiittei notice to you of oui election within
30 days alter the date of termination oi expiration of this Agreement We have the
uniestricted light to assign the option under this Section 14 7 We aie entitled to all
customaiy wananties and lepiesentations in oui purchase of the equipment and/oi Location
including lepiesentations and wananties as to owneiship and condition of and title to thej
equipment and the Location, hens and encumbiances on equipment and the Location, validity
of contiacts and agieements and liabilities affecting the equipment and the Location,
contingent oi otheiwise
We may exclude fiom the equipment pin chased any equipment that is not reasonably necessaiy
(in function oi quality) to the Studio’s opeiation oi that we have not appioved as meeting'
standards tor the Studio, and the purchase puce wnll reflect these exclusions If we and you
cannot agiee on fan maikel value foi the Location of the Studio, fan maiket value will be
detei mined by thiee (3) independent appraiseis, each of whom will conduct a sepaiatc appiaisa
and, in doing so, be bound by the ciiteria specified in this Section 14 7) We will appoint one
appiaisei, you will appoint one appiaisei and the two paity appointed appraiseis will appoint
36
Pure Bdrrc
3015 032016 rOD | P\ 13 — Pr inthisc A^rLeniLiit
This document was116S
downloaded from franchimp.com.1143100
001 004V132I30 All the information
j on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
the thud appiaisci We and yon <igitc to b(.lcU o n ai ■d yoni 'CspectiNv. appiaiseis within 15
days attei we notify yon that wc wish to L\eiuse oni lights to pin chase and the two
appiaiseis so chosen aie obligated to appoint the thud cppiaisei within 15 days aflei the last ot
the two paity appointed appiaiseis was appointed Wc and yon will each beai the cost ot oni
icspcctively appointed appiaiseis and shaie equally the ees and expenses ot the thud appiaisci
chosen by the two paity-appointcd appiaiseis The appiaiseis aic obligated to complete then
appiaisals within 30 days attei the third appiaisci s appointment The pui chase pi ice toi the
Location will be the aveiage of the thice appiaisals
Notwithstanding anything to the contrary in this Section 14 7 it yoin Stndio has been used as
collateral foi a loan guaiantecd by the SBA (which is subje'et to oni consent as desciibed in Section
12 4), neither we noi oni atfiliatcs will have the option to pui chase any leal estate owned by
you, mcluduig the Location We, howevei, may lease he Location toi the icmaindci of the
Teim (excluding additional lenewals) foi tan maiket value i
I
Pmt Barn.
30|-> 052016 rPD I T\ B - rranchisc A^r^Lmuil
This document was116S 001 from
downloaded 0045/122-Ml
franchimp.com. 1143 100 3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
All the information
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
without waiving olii light to icimiiiatc tlu Agiecnic It undei Section 14 3 to cntei the
--------------------------------------
picniises of the Location and assume the management of youi Studio (oi to appoint a thudI
paity to assume its management) toi any pciiod ot time we deem appiopiiate but not to
exceed 90-day incicments, icncwabic toi up to one yeai. in the aggiegatc Wc will pciiodically
discuss with you the icsults of ^ opciation of youi Studio dining the time that wc manage it
It w'e (oi a thud paity) assume the management ot youi Studio undei clauses (a) oi (b) above,
you agiee to pay us (ui addition to othei amounts^due undei this Agicement) an amount equal
to 10% of Gross Sales, plus oiii (oi the thud paity’s) diiect out-ot-poeket costs and expenses
foi any peiiod we deem appropnate ft we (or a thud paity) assume the management ot youi
Studio, you agiee that we (oi the thud party) will have a duty to use only icasonablc efforts
and will not be liable to you oi youi owneis foi any debts, losses oi obligations youi Studio
incurs, or to any of youi cieditois toi any supplies, piolducts, oi othei assets oi sei vices youi
Studio purchases, while we (oi the thud party) manage youi Studio
DISPUTE RESOLUTION
(c) the scope oi validity of this Agieement oi any othei agieement between you (oi
any of your Owneis) and us (oi any of oui affiliates) oi any piovision of any of suchi
agi cements (including the validity and scope of the aibitration piovision undei this Section^
15 1, which wc and you acknowledge is to be detei mined by an aibitratoi, not a court), oi
Pure B irri.
301 a 052016 TDD | T\ B - rrancliiSL A,,ii.cmi.nl
This document was1 downloaded
168 001 0045/132 IjO I All1-13100
from franchimp.com. 3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
the information
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
must be submitted ioi I md,ii^ uib.nation on demand of cithei paity to the Ameiiean
Aibiliation Association The aibitiation pioccedings will be conducted by one aibitiatoi and
except as this Section otheiwisc piovides accoidng to the then-cun ent Commcicial
Aibitiation Rules ot the Amciican Aibitiation Associatii )n All piocecdings will be conducted
at a suitable location chosen by the aibitiatoi in oi within 50 miles ot oui thcn-cuiicnt
piincipal place of business (cuiiently, Spaitanbuig, So jth Caiolina) All mattcis ielating to
aibitiation will be governed by the Federal Aibitiation Act (9 U S C 1 et seq ) Judgment
upon the aibitiatoi’s award may be enteied in any couit of competent juiisdiction
The aibitiatoi has the light to awaid oi include in his or hei award any relict which he oi she
deems propei, including, without limitation money damages (with inteiest on unpaid amount's
fiom the date due), specific peifoimance injunctive relief, and attorneys’ tees and costs,
piovided that the aibitiator may not declare any of jthe tiademarks owned by us or ouji
affiliates geneiic or otherwise invalid oi, except as expiessly provided in this Aiticle 15, awaid
any punitive, exemplaiy, oi multiple damages against any paity to the aibitration proceeding
(we and you heieby waiving to the fullest extent peimittcd by law any such light to oi claim
for any punitive, exemplary, oi multiple damages against any party to the aibitration
proceedings)
We and you agree to be bound by the provisions of any applicable contractual or statutory
limitations provision, whichever expires earliei We and you further agree that, in any
arbitration proceeding, each party must submit oi file any claim which would constitute a
compulsory counterclaim (as defined by Rule 13 of the Federal Rules of Civil Procedure)
within the same proceeding Any claim which is not submitted oi filed as lequired will be
forever baired The arbitrator may not considei any sett cment discussions or offers that might
have been made by eithei you oi us
We and you agree that arbitration will be conducted on an individual—net-a-class wide^ basis
and that an arbitration pioceeding between us and oui affiliates, or our and their lespective
shaieholdeis, oflficeis, directois, agents, and employees on the one hand, and you (or youi
Owneis, guarantors, affiliates, and employees) may not be (0 conducted on a class-wide basis.
(iif commenced, conducted^ oi consolidated with any othei arbitration proceeding, oi
(iiO biought on vour behalf bv anv association or agency! Notwithstanding the foiegoing, if any
court or aibitrator determines that all or any part of the preceding sentence is unenfoiceabic
with lespect to a dispute, contioveisy oi claim that otheiwise would be subject to arbitiation
Lindci this Section, then all parties agree that this aibitiation clause shall not apply to that
dispute, contioveisy oi claim and that such dispute controveisy oi claim shall be lesolved in a
ludicial pioceeding in accoidance with the dispute lesolurion piovisions of this Article 15
Despite OUI and your agieement to arbitiate, we and you each have the light in a piopci case
to seek tempoiai'y restiainmg ordeis and temporal^ oi preliminai'y injunctive lelief fiom a court
of competent juiisdiction, provided, howevei, that we and you must contcmpoianeously submit
oui dispute, controversy oi claim foi arbitiation on the meiits as piovided m this Section
PiirL BariL
3013 052016 rOD | C\ B - rnncliist ALru.niuil
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 0043/4-33.|j6 IMjIOOj
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
You and wl agiei ll.u in cn< aibiliation aiibins is .suibed in thib Section lequcsts fdi
documents shall be limited to documents that aie diieclly iclevant to significant issues in the
case 01 to the case s outcome shall be icstiicted in teims of time fiame subject mattci anjd
jDCisons 01 entities to which the icquests peitain, and shall not include bioad phiaseology such
as ‘dll docLiirients diiectly oi indiiectly lelatcd to You and wc luithei agicc that no
inteiiogatoiies oi lequests to admit shall be piopounded With lespect to any electionic
discovei'y, you and vve agree that
(a) pioduction of electionic documents neeld only be fiom souices used in the
oidinai-y couise of business No such documents stall be lequiied to be pioduced horn
back-up seiveis, tapes oi othei media,
(b) the production of electionic documents s tall noimally be made on the basis of
generally available technology in a seaicitable format which IS usable by the party leceiving
the documents and convenient and economical foi tlie pioducing party Absent a showing
ot compelling need, the parties need not produce metadata^ with the exception of header
fields for email coiTespondence,
(c) the desciiption of custodians fiom whom electionic documents may be collected
shall be narrowly tailored to include only those individuals whose electronic documents may
reasonably be expected to contain evidence that is material to the dispute, and
(d) where the costs and burdens of electronic discovery are disproportionate to the
nature of the dispute or to the amount in controversy, or to the i elevance of the materials
lequested, the arbitrator shall either deny such requests or older disclosure on condition
that the lequesting party advance the leasonable cost of pioduction to the othei side
subject to allocation of costs in the final award as piovided herein
In any aibitration arising out ot oi related to this Agicement, each side may take no more than
three depositions Each side’s depositions are to consurne no more than a total of 15 houis’
and each deposition shall be limited to 5 houis There are to be no speaking objections at the
depositions, except to preset ve piivilege
The piovisions of this Section aie intended to benefit and bind certain thud party non-
signatoiies and will continue in ftill foice and effect subsequent to and notwithstanding the
expiiation oi teimination of this Agieement
Any provisions of this Agieement below that pertain to judicial pioceedings shall be subject to
the agieement to aibitiate contained in this Section
15 2 Consent to Jurisdiction Subject to the piovisions ot this Aiticle 15, you and
youi Owneis agiee that all actions aiising under this Agieement oi otherwise as a lesult of thci
lelationship between you and us must be commenced in the-state oi fedeial court e-f geneial
jurisdiction in oi within 50 miles of oui then-cuirent piincipal place of business (currently
Spartanburg, South Caiolina), and you (and each Ownei) iiievocably submits to the juiisdiction
of those courts and waive any objection you (oi the Ownei) might have to eithei the,
40
PiiK B irrc
3015 0'<20I6 rOD j Cx B - rnnehist ALiu.nn.nl
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
jiiiibdiction ol O' venue in those c.ouit', Nonedieless yc Li and yoiii Owneis agice that may
cnioice this Agiecmcnt and any aibitiation oidus and avvaids in the couits oi the state 0|i
states in which you aie domiciled oi the Studio is located
15 3 Immediate Equitable Reliet Nothing in this Agieemcnt bais otii light to obtain
specific pcitoimance of the piovisions of this Agieement and injunctive lelicf against conduct
that thieatcns to injuie oi haim us, the Marks oi the System, under ciistomaiy equity uiles,
including applicable lules foi obtaining lestraimng oideis and preliminaiy injunctions You
agiee that we may obtain such injunctive leliet and will not be icquired to post a bond to
obtam injunctive leliet and that youi only lemedy if an injunction is cnteied against you will be
the dissolution of that in)unction, it wan anted upon due hearing, and you heieby expiessly
waive any claim toi damages caused by such injunction
15 6 WAIVER OF JURY TRJAL You and wc agree that, in enteiing into this
Agieement, we each waive our rights to a jui-y tiial to the maximum extent peinutted by law
foi any dispute i elating to or arising out of this Agreement
15 8 Costs and Attorneys’ Fees It we incui costs and expenses due to youi tailuic
to pay when due amounts owed to us, to submit when due any lepoits, information, oil
supporting iccoids, oi otherwise to comply with this Agieemcnt, you agiee, whethei oi not we
initiate a formal legal proceeding, to leimbuise us toi all of the costs and expenses that we
incui including, but not limited to, leasonable accounting, attorneys’, aibitratois’, and lelated
fees If eithei paity initiates an arbitration, judicial oi othei pioceeding, the pi evading party will
be entitled to reasonable costs and expenses (including a.ttoineys’ fees incuried in connection
with such judicial oi othei pioceeding)
Pine Bairi.
2frl-5 O^'IOie rOD I r\ B - rranclus^ ALrcuiiun
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
15 9 4^ Mav Not Witliliold ‘ayinent^ Due to Us 5''ou may not
withhold piymcnt ot any amounts owed to us on the giounds ot oui alleged nonpei toi mane|e
of any ot oui obligations undei this Agicement oi toi any othei icason and you speutlcally
waive any light you may have at law oi in equity to oftset any funds you may owe us oi to tail
01 letuse to peitoim any oi youi obligations undci this Agiecmcnt 1
16 GENERAL PROVISIONS
16 3 Wan unties and Guaiantees We aie not liable foi any guaiantee oi waiianty'
you make oi offer to any customei or othei person
Pure Burre
20-k>- Qa20l 6 rOD | r\ B - ri mcliisi. A.recnicnt
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
16 5 Const motion No pieMoiis couisc o! 'lealing shall bo admissible to explain
modily 01 contiadict the teims ot this Agieunenl No implied covenant ot good taith and fan
dealing shall be used to altei the expiess teims ot this y^gieement Unless othciwisc indicated
the woid ‘ineliiding” means ‘including without limitation
16 7 Consent Unless otherwise specified, an> pi ovision that leteis to oui consent”
will mean oui piioi wiitten consent which consent we aie permitted to withhold or deny foi
any leason in our sole discietion
Pure B irre
032016 rOD I C\ B- rrjnchise Ai,recniLnl
This document was116S
downloaded from franchimp.com.
001 004VI224 jO-I All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1431003
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
pcimiUed to chans^e iK c'^-'ntact mfotmalion by deii\ciin^ xviitten not cc to tliC othei idenliiyin
the new intoimation Unless a paity notifies the othei ol alternative eontaet infoimation, a
notices wnll be sent to the addiess show/n on the fiist page hcieof, and/oi with icspect to any
appiovals and notices that we piovide to you oi youi Qwmeis, at the Studio’s addiess, to th[c
attention ot the designated peison as follow'
It to you Attn
16 14 Seveiability It any part of this Agreement, foi any leason, is declaied invalid
by a court of competent juiisdiction, then that declaiation will not affect the validity oi
enforceability of any remaining portion The lemaming portion will lemam in force and effect
as if this Agreement were executed with the invalid portion eliminated or curtailed
Pure Biik
:0l3 05201(1 rOD | r\ B - rrdncln',;. A.rcunuit
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I ! 6S 001 004>,'122120 I 143100 1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EKECUIFn on the Jalc below and eifcclivc as of the FIJcclivc Date by and bet^\cen
Sianatuie
Punt Name Print Name
Tit!e_
Date
Date~'
If other than an Individual
r*Th]S IS the Fffective Date of this
A»reement.t
Name
Title
FRANCHISE
PB FRANCfflSiNG,-FfcC If an IndividuaF
PnnFName Signatuie
Tatle- Print Name
Name
Date Date
Purt B im.
3915 &-S20I6 TDD [ f\ B - runthisi. A^rci-mtiU
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
0 00 3
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
\TT4CHMENr
Fianchisee Owneis
Foi m of 0\Miei
2 Owners The following identifies the ownei that you have designated as, and that we
appiove to be, the Designated Repiesentative and lists the full name of each person who is one
of your owners (as defined m the Franchise Agreement)| oi an owner of one of youi owneis
and fully describes the nature of each ownei’s interest (attach additional pages if necessaiy)
Othei Owners
Purt B irrt
2015 052016 TDD | T\ B - rnnthist. Ajccm<.nl
This document was1168
downloaded from franchimp.com.
001 004V4- 22-1^0 IAllI4.1I00
the information
3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Seaic!) Ajcr
If we and you have not agiccd on the Locati(j)n as o1 the Efteetive Date then th:
geogiaphic aiea in whieh you aie peimitted to seaich toi candidate sites toi the Studio shall b]c
defined eithci by the geogiaphic boundaiies set toilh below oi by the geogiaphic boundaiies
set foith on the attached map (“Seaich Aiea Map”) o^i othei visual lendeiing (the ‘Seaich
Ai ea’) Unless othei wise set toith heicin you shall ha\|c exclusive lights to the Seaich Aiea
toi a peiiod of 60 days after the Effective Date (the ‘ Elxclusivity Peiiod”) You acknowledge
and undeistand that aftei the cxpiiation of the Exclusivity Peiiod it is possible at any one time
to have moie than one piospective franchisee of the System seeking to locate a Location foi a
Studio within the Search Area Foi the avoidance of any doubt, the Search Aiea is not the
same as the Teriitoiy and the Teiritoiy may covei a smallei geographic aiea than the Search
Aiea The Seaich Atea may not be modified oi amended except in a wiiting signed by us and
specifically identified as an amendment to the Search Aiea The following is the desciiption o
the Search Area If none, the aiea shown on the Seaich Aiea Map shall desciibe the Seaicl
Atea
Acknowledgement and agieement by us and you to the foiegoing and the description of the’
Search Area as of the Effective Date
FRANCHISOR FRANCHISER
Signatuie
___________________ Pi int Name
Punt Maine
Title
Date
Date
If othei t tan an Individual
By.
Name
Title
Puri. B irn.
3015 Q520I6 TDD | C\ B - rrancliiM. A_ru.niui(
This document was11downloaded from franchimp.com. IAll
OS 001 0045/123-1jQ the information
143100 3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Date
fa-cHK+htsec-
By-
Title TaBe
Purc 13 UK
2015 0j2016 TDD | P\ B - 1 r iikIuk A_rt.uiii.iil
This document wasI downloaded from franchimp.com.1 All
16>( 001 004VI22n0 14the>100
information
3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ATTACHMENT A (coot)
(if theie lb no wiiltcn dcsciiption of Ihc Seaicli Aiea on the initial page of this Attachment A
the Seaich Aiea Map shall desciibe and/oi illustiate th(i geogiaphic boiindaiies of the Scaich
Aiea)
Pure B irre
2015 032016 TDD | T\ B - rnnchise A^ittmuK
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ATf^ACHMFNT A ( out)
2 The Teiiitory IS
a a Glide having the hont dooi of the Studio as Its centei and a ladius of
miles, or
b the area shown and/oi described on the following map entitled “Teuitoi7
Map
Acknowledgement and agreement of the Location and erritoiy by us and you (to be signed
once the Location is approved by us, the Location is mrchased or leased by you, and the
Temtoiy is agreed to by the parties)
FRANCHISOR FRANCHISKK
Bv Signature
Flint Name Print Name
Title
Date
Date
It othei than an Individual
By.
Name
Title
Date
Fianchisoi Franc! isee-
PB Franchising, LLC
Piiic Barr,.
-:0I5 Q-»2()I6 TDD | C\ B - rrandiiSL A^rcunuil
,1003
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Pi iiti-Nxvm€—_ P++ftt—NxHTIfc—
-Prtle-----------
Bate- Bate-
PurL BnrrL
^1-^ Qa20l6 TDD | Tx B - Tr inchisi. A^rLuncm
This document was downloaded
I 168 from franchimp.com.
001 0046/P3T1 jO I All the information
143100 3 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ATTACHMENT A (tont;
Teiritory Map
(it the Location has been selected and appiovcd and the paitics desuc to use a map to show
and/oi desciibe the Tenitoiy the Teiiitoiy Map she ws and/oi desciibes the gcogiaphic
boundaiies ot the Tcmtoiy)
Pure Bjrri.
-2015 032016 TDD | I \ B - rrjiitliisc Ajtcmenl
1168
This document was 001 004V4jj4j»4l43IOn3
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
I
1
1
1
1
1
ATTACHMENT B
In consideration of, and as an inducement to, the execution of that ceitain Fianchisc
Agieement (the “Fianchise Agieement”) on this date by PB Fianchising, LLC (“us’ ‘we
“oui”), each of the undeisigned peisonally and unconditionally (a) guaiantees to us and oui
successors and assigns, foi the teim of the Franchise Agieement and afteiwaid as piovided in
the Fianchise Agreement, that (‘Franchise
Ownei”) will punctually pay and perform each and evei-y undertaking, agreement, and covenant
set forth in the Fianchise Agreement and (b) agiees to be peisonally bound by, and peisonally
liable for the breach of (in each case as though the undeisigned Guarantoi were a party to the
Franchise Agreement), each and eveiy piovision in the Franchise Agreement, both monetary
obligations and obligations to take or lefrain from taking specific actions oi to engage o_i
refram from engaging in specific activities, including the non-competition, confidentiality, and
transfer requirements
Each of the undersigned consents and agrees that (1) his oi her direct and immediate liability
under this Guaranty will be joint and several, both wiih Fianchise Owner and among othe'i
guarantois, (2) he or she will render any payment oi performance required undei the Franchise
Agieement upon demand it Franchise Owner fails oi leflises punctually to do so, (3) this
liability will not be contingent or conditioned upon oui puisuit of any lemedies agains't
Franchise Ownei oi any other peison, (4) this liability will not be diminished, lelieved, oi
otherwise affected by any extension of time, ciedit, or other indulgence which we may fiom
time to time grant to Fianchise Owner or to any other pl^erson, including the acceptance ot any
partial payment oi peiformance or the compromise or lelease of any claims, none of which will
in any way modify oi amend this Guaranty, which will be continuing and iiievocable during tlie
teim of the Franchise Agreement, and (5) upon our lequest, he or she must submit to us
suitable credit and financial information to allow us to make a reasonable decision as to the
Lindeisigned’s cieditwoithiness and financial position including, without limitation, a peisona'l
net woith statement and such othei information which would leasonably be considcied lelevant
to us in detennining whcthei oi not the undersigned has the ability to satisfy his oi hei
obligations undei this Guaianty
Each of the undeisigned waives (i) all rights to payments and claims toi leimbuisement oi
subiogation which any of the undersigned may have against Franchise Ownei aiising as a lesult
of the Lindeisigned’s execution of and peifomiance undei this Guaianty, and (ii) acceptance and
notice of acceptance by us of his oi her undertakings undei this Guaranty, notice of demand
foi payment of any indebtedness or non-peiformanee of any obligations heieby guaianteed.
Each ol the iindei signed lepiesents and wan ants that no signatLiie appeiis below ioi such
Lindei signed s spouse, such undci signed is cithei not me Hied Ol, if maiiicd, is a lesidcnt ol a
state which does not lequiie the consent of both spouses to encumbei the assets of a maiitall
estate
The piovisions contained in Article 15 (Dispute Resolution) ot the Fianchise Agicemen(,
including Section 15 I (Arbitiation), Section 15 2 (Consent to Juiisdiction) and Section 15 8
(Costs and Attorneys’ Fees) of the Fianchise Agieement aie incoipoiated into this Guaranty by
leference and shall govern this Guaianty and any disputes between the undeisigned and us llf
we aie lequiied to engage legal counsel in connection with any failuie by the undeisigned to
comply with this Guaianty, the undeisigned shall reimburse us foi any ot the above-listed costs
and expenses we incui
By signmg below, the undersigned spouse ot the GuaiaiVtoi indicated below, acknowledges and
consents to the guaranty given herein by his/her spouse Such consent also selves to bmd the
I
assets of the marital estate to Guarantoi’s performance of this Guaianty We confirm that a
spouse who signs this Guaranty solely in his oi her capacity as a spouse (and not as an owner)
is not personally guaranteeing the performance oi assuming the obligations of the Franchise
Owner, rather, he or she is merely acknowledging and consenting to the execution of the
Guaianty by his or her spouse and agieeing that the assets of the marital estate (not his or her
separate property) are at risk under and by virtue of the execution of this Guaranty
IN WITNESS WHEREOF, each of the undeisigned has affixed his oi her signatuie on the
same day and year as the Fianchise Agieement was executed
Pure Birrc
052016 rOD I T\ B - rriiKlii*-!. ALaLiiii-nt
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
116S 001 004S/1.22 b0 1 1411003
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
GUARANrOR(S^ SPOUSE(S)
#1 #1
Signatuie _______ Signatuie _
Punt Name Punt Name
Address Addles
Name- N-ame-
#2 #2
Signature _ Signatu
Print Name Piint Name
Address Address
#3 #3
Signatuie Signatuie
Print Name Print Name
Address Address
Pur Birri-
■20-l-§- 052016 rOD | T\ B - rrandiisc A^n.Lnicnt
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT C
Piirt B irrc
^15 0^^2016 TDD | C\ C - MUDA
I 168
This document was 001 00-I
downloaded from I23131 13/I4il0l
franchimp.com. 2
All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
PB FRANCHISING, XC
MULTI-UNIT DEVELOPER
DATE OF AGREEMENT
DEVELOPMENT AREA
Pure H irre
5 8-52016 FDD | F\ C - MUDA
1168 001 00-M-;i24^yi43l01 2
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
TABLE OF CO^'TEM
Pajie
3 Fees
TI ansfei 8
A By Us 8
B By You 8
C Fust Right of Reflisal 10
D Public 01 Piivate Offerings 11
Temiination of Agicement
A Events of Teimination
B Effects of Termination oi Expiration 13
C Covenant Not to Compete / Non-Solicitation 13
D Oui Option to Puichase 14
Puri. BarrL
3^-^: 0>2016 rOD | L\ C MUDA
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00-1 132 13 I I S 14j IOJ 7
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Page
Enfoiccmciit, Aibitiation 16
A Aibitiation I'6
B Applicable Law 18
C Consent to Juiisdiction _ 18
D Wdivei ot Punitive Damages Juiy Tiial and Class Actions ‘i;8
E Injunctive Relief 19
F Limitation ot Claims __ 19
G Attorneys’ Fees And Costs 19
MtSCELLANEOUS 19
A Notices 1,9
B Joint and Seveial Obligation 2’0
C Severability 20
D Headings, Constiuction 20
‘“20
E Waivei
F Fuither Assuiances 2p
G Entire Agreement 20
H Binding Agreement
ATTACHMENTS
Piiri. B^ra
2013-052016 rOD | C\ C - MUDA
This document wasI downloaded
168 001 001 123-IjI l3/l-inOI
from franchimp.com. 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
All the information
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
PB FRANCHISING L LC
MULTI-UNIT DEVELOPMENT AGREEMENT
PREAMBLES
(1) We giant, to peisons oi entities who we determine meet oui qualifications,
fianchises (each a “Franchise”) for the development and opeiation of exeicise and woikout
studios (each a “Pure Barre Studio”) using the tiademark Pine Bane‘S and othei tiademarks
we authorize from time to time (the “Marks”) and the system and system standaids undei
which Pure Barre Studios are developed and operated (the “System”) Each Franchise is
granted solely pursuant to a written franchise agreement and related documents and
agreements signed by us and a franchisee (each a “Franchise Agreement”) '
(2) We also grant, to persons or entities v /ho we determme, in oui sole discretion,
meet certain additional qualifications and who are willing to commit, the light to acquire
multiple Franchises for the development and opeiatio'n of Pure Bane Studios within a defined
area (the “Development Area”) pursuant to an agieed upon schedule (the “Development
Schedule”) i
(3) You and, if you are an Entity (defined below), your owneis have requested
that wc grant you such rights, and we aie willing to do so in leliance on all of the
infoimation, icpreseutations, wairanties and acknowledgements you and, if applicable, your
owners have provided to us m support of yoiii request, and subject to the tenns and
conditions set forth in this Agi eement
B
GRANT OF RIGHTS, TERM
We giant you the light, and you undei take the obligation, eithei youiself oi thiough ydiii
appioved Affiliates (defined below'), to acquire Franchises to develop, own and opciate Puie Banc
Studios (the “Development Rights”) In exeicising the Development Rights you agiee at a
minimum to strictly comply with the Development Schec ule reflected on Attachment A T|'lie
Development Rights may only be exeicised foi Pure Bane Studios to be developed and opeiated
within the Development Aiea desuibed on Attachment A The Development Rights may [be
exeicised from the Effective Date and, unless soonei terminated as piovided heiein, continuuig
through the earliei of (1) the date on which the last Piiiej Bane Studio which is lequiied to be
opened in oidei to satisfy the Development Schedule opens foi regular business oi (2) the last day of
the last Development Peiiod (the “Term”) I
The Development Rights aie limited to the lights to acquiie Fianchises in accoidance with
and as desciibed in this Agreement Rights to develop and opeiatc Puie Bane Studios oi to use the
Maiks aie gianted only puisuant to individual Fianchise Agi cements, and you agiee that tie
PuK
This document wasBarre
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of 201 052016
this information. Any POD | T\
action you take C- MUDA
upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
An ‘Affiliate” is an Entity (ciehned below) in whici you oi youi owneis (i) own moie than
51% of the issued and outstanding owneiship inteiest and voting lights oi (ii) have the light and
powci to control and detciminc the Entity’s management and policies i
(6) opeiate oi giant any thud paity the right to opeiate a Puie Bane Studio at a
site within the Development Aiea that v\e have piopjosed to you, but that you have elected
not to accept
D BEST EFFORTS/BUSINESS ENTITY
You must at all times faithftilly, honestly and diligeitly perfomi youi obligations and fully
exploit the Development Rights dining the Term and throughout the entire Development Aiea You
Pure Barre
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
3013 032016 rOO I Tx C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
may not siibcontiaet oi delegate any ol yoiii obligations ui dci this Agicement to any thud paities
11 you aic a coipoiation, limited liability company paitnership 01 anothci loim of business entity
(collectively an ‘Entity ) you agiec and lepicsent that
(1) Attachment A lists all ot yoin ownei's and then inteiests as ol the httectivc
Date
(2) such pel sons as we designate, which nay include the spouses ot youi owneis.
will execute an agi cement, in the toim set foith in Attachment B (the “Guaranty”), undei
which such pel sons undeitake peisonally to be bouv d, jointly and severally, by all piovisions
of this Agreement and any ancillaiy agicements between you and us However, a spouse
who signs the Guaranty solely as a spouse and not as an ownei will meiely be acknowledging
and consenting to the execution ot the guaranty by ms oi hei spouse and agieeing to bind'the
assets of the maiital estate as described therein and foi no othei puipose (including to bind
the spouse’s own separate pioperty)
(3) the business that this Agieement contemplates will be the only business you
operate (although youi owneis may have othei, non-competitive business interests), and I
(4) you will designate an individual (the ‘Managing Owner”) who we approve
and who (a) must own at least 25% of the owjnership interests in you, (b) devote a
reasonable amount of his or her time and efforts to the operation, promotion and
enhancement of the business under this Agreement, a^nd (c) have the authority to deal with us
on your behalf m respect of all matters whatsoever which may arise in respect of this
Agreement We will be entitled to rely solely upon the decision of the Managing Owner m
any such dealings without the necessity of any discussions with any other party named in this
Agreement The initial Managing Owner’s name is listed on Attachment A, and any
leplacement Managing Owner must be appioved by us To ensure that they meet oui criteria
to seive in those roles, we also leserve the right to approve youi intention to appoint any of
your employees as legional oi distiict manageis
E MINIMUM LIQUIDITY
We have granted the Development Rights to you based, in pait, on youi iepresentations|to
us, and our assessment of, your levels of liquidity as of the Effective Date You will ensure that,
thioughout the Teim, you will maintain sufficient liquidity to meet youi obligations under this
Agieement We leseive the light to establish and modify specific liquidity thiesholds from time to
time, and you agiec to comply with such minimum liquidity rcquiiements that we leasonably impose
Puie Barrt
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
201-> 0*12016 rPD I r\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
We will count a Puie Bane Studio towaid the Development Schedule only if it is actually
opeiating in the icgulai couise within the Development Aiea and substantially complying with the
teims of its Fianchise Agreement as of the end of the Development Period Howcvei, a Puie Bane
Studio which IS, with our appioval oi because of fiie or othei casualty, peimanently closed dui'mg
the last 90 days of a Development Peiiod, aftei having belen open and opeiating, will be counted
Piirv. B irrt,
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
2015 052016 rOD | Cx C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(1) within 30 days aftei the end of each calendar quaitei, you must provide! us
with a balance sheet and piotlt and loss statement for you and youi Affiliates covering tiat
quaitei and the yeai-to-date,
(2) within 30 days aftei the end of each calendai yeai you must piovide us with
an annual piofit and loss and souice and use of funds statements and a balance sheet foi |ou
and youi Affiliates coveiing the pievious yeai, and an updated balance sheet and ielated
financial statements foi each person signing the Guaianty and
(3) such othei data, lepoits, infoimatio 1, financial statements and suppoiting
iccords as we lequest horn time to time
Each ot the foiegoing shall be in the foim and foimat that we leasonably specify, shall be dcliveied
to us in the mannei we specify, and shall be ceitified as coriect by you oi, if you are an Entity, 'by
youi Managing Ownei
Pure
This document wasBnrre
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
301 j fr5201ft rPD I C\ C-MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
You must pay us, on youi execution ot this Agiccinent and in considciation ot the giant ot
the Development Rights, a noniccuiiing and nonielundablc development tec in an amount equal to
(I) $20,000 multiplied by (2) the numbei ot Puie Bane Studios lequiicd to be opened puisuant to
the Development Schedule (the “Detelopment Fee’) Th:; Development Fee is tally earned by us
when you and we sign this Agieement and is nonieiundable Howcvci we will i educe by $20,000
the amount of the Initial Fees due undei each Fianchisc kgicement which you oi youi Atfiliates
execute puisuant to this Agieement, subject to a maximum aggiegate ieduction foi all sucb Franchise
Agi cements equal to the total Development Fee
A CONFIDENTIAL INFORMATION
All infoimation turnished to you by us whethei oially oi in wilting, including the Fianchise
Agreements, this Agreement, the System plans specifications, financial oi business data' oi
projections, all documents, data, infoimation, materials, leports, pioposals, piocedures, financial
information, compensation infonnation, job descriptions, employee biographies, proposed advertising,
advertising and marketing plans, operations manuals, formulas, samples, improvements, models,
drawuigs, piograms, compilations, devices, methods, designs, teclmiques and specifications,
inventions, know-how, processes, btismess plans, marketuig techniques, customer lists and
information, purchasing techniques, supplier lists, supplier information, advertising strategies,
operations, oui trade secrets, or any othei forms of business information, whethei or not marked as
confidential (collectively, the “Proprietary Information”) (i) shall be deemed proprietary and shall
be held by you in strict confidence, (ii) shall not be disclosed oi levealed oi shared with any other
pel son except to youi employees oi contractois who hW a need to know such Piopiietai-y
Information foi purposes of this Agreement and who aie undei a duty ot confidentiality no less
lestiictive than your obligations heieundei, oi to individuals oi entities specifically authonzed by us
in advance, and (in) shall not be used except to the extent nccessaiy to exeicise the Development
Rights or as peimitted undei Franchise Agi cements, and then only in circumstances of confidence
and in accordance with the obligations set foith in the Fran:hise Agiecments You will piotect the
Piopiietaiy Infoimation from unauthoiized use, access oi disclosuie in the same mannei as you
piotect youi own confidential or proprietai7 information of a similai natuie and with no less than
leasonable caie
All Propiietaiy Infoimation will at all times lemain oui sole piopeity You agiee to letuin to
us 01 destioy, at oui election all Piopiietaiy Infonnation in youi possession oi contiol and
peimanently erase all electionic copies of such Propiietaiy Infoimation piomptly upon oui request' oi
upon the expiiation or teimination of this Agieement, whichevei comes first At oui lequest, >|ou
will certify in w'lituig signed by one of youi officeis that you have fully complied w'lth the foiegoing
obligations I
B INNOVATIONS
You agiee that, as between us, we oi oui affiliates own the System and any Piopiietary
Information, and that youi rights to use the System and Prdprietai^ Infoimation, deiive solely from
this Agieement oi tiom Fianchise Agi cements executecl puisuant to this Agieement kll
Pure
This document wasBant
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
2015 052016 TDD | C\ C - MUD \
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
C GENERAL
If you breach any of the piovisions of this Section |4, we will be entitled to equitable relief,
including in the form of injunctions and orders for specific performance, in addition to all othei
lemedies available at law or equity The obligations undei t ns Section 4 shall suivive any expiration
01 termination of the Agreement
Pure Birre
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
2015 052016 TDD | P\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
The tcim Competitive Business means any business (othei than anothei Puic Banc
Studio) that (a) opeiates giants fianchiscs oi licenses foi the opeiation of, oi othciwise assists the
opeiation of a fitness oi exeicisc business or (b) sells fitnes appaicl oi equipment
B
NON-SOLICITATION AND NON-INTERFERENCE
Duiing the Tetm, neithei you noi any of youi owneijs youi oi youi owneis’ Affiliates, oi the
officers, directors, manageis oi immediate family members of any of the foiegoing, will '
(a) without obtaining the employei’s 01 foimer employer’s piioi wiitten
pel mission, recruit oi hue any person who is then oi was, within the immediately picceding 6
months, employed by us any of oui affiliates, or a fianchise ownei as (1) an instiuctori oi
general managei oi assistant manager at any Puie Baire Studio, (2) a distiict oi legional
manager or any othei such person having responsibility foi overseemg oi supei vising the
operation of multiple Pine Bane Studios, or (3) any of our or oui affiliates’ officers,
directors, or employees, oi
(b) interfere with the relationships we, our affiliates, or our franchisees have from
time to time with vendois, suppliers or consultants, or
(c) engage m any othei activity which might injure the goodwill ot the Marks
and/or the System
6 TRANSFER
A BY US
We have the right to tiansfei this Agieement to any affiliate or thiid-paity and, upon such
tiansfei, we will be leleased fiom any flirthei liability undei this Agieement, and all of oui
obligations heieundei will theieaftei be the obligations of the tiansfeiee We also have the light
Pure Barre
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
gpi^i 0^2016 roD I r\ c- muda
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
B BY YOU
Wc have granted you the Development Rights baser upon, among othei things the chaiactei,
backgiound and othei qualihcations and abilities personal to you Ol, it applicable, youi owncis
Accoidingly, you agicc that this Agi cement, owneiship ihteiests in you oi, any inteicsts in this
Agicement, the Development Rights oi all oi any part of thje business opciated undei this Agiecrncnt
will not be sold, assigned, donated or otheiwise transfeiiejd including as a lesult of death (each a
“Sale”), to any peison oi Entity (heieinaftei lefened to specifically in this Section 6 as I the
“Recipient”) without our prioi wiitten consent Foi pui-poses of-the preceding-sentence “Contiol’
means the right and powei to direct oi c-ause the direct-ien- of yeiii management and policies You
flirthei agree that you will not entei into any pioposed mortgage, pledge, hypothecation,
encumbrance or giving of a secuiity mteiest in oi which aftects the Development Rights and youi
other rights under this Agieement (a ‘Security Interest”) without oui pi 101 wiitten consent The
Development Rights may not be transferied separate and a aait fiom the entiiety of this Agreement,
and a proposed tiansfer of this Agieement may not be made separately from oi independently of a
transfer to the same Recipient of all of the Franchise Ajgreements (and the Pure Bane Studios
operated pursuant thereto) executed pursuant to this Agreernent
If you intend to list your Pure Barre Studios or youi rights under this Agreement for Sale
with any broker oi agent, you shall do so only after obtaining our written approval of the bioker oi
agent and of the listing agreement You may not use or authorize the use of any Mark in advertising
the Sale noi may you use or authorize the use ot, and no thud party shall on your behalf use, any
written materials to advertise or promote the Sale without oui piioi wiitten approval of such
materials
Oui appioval of a tiansfer of ownership interests in you as a lesult of the death oi incapacity
of the proposed transferoi will not be unreasonably withheld oi delayed so long as at least one of the
Managing Owneis designated on Attachment A continues to be the designated Managing Owner If,
as a lesult of the death oi mcapacity of the transfeioi, a tiansfei is pioposed to be made to jthe
tiansfeior’s spouse, and if we do not appiove the tians ei, the tuistee oi administrator of |the
transfeior’s estate will have nine months aftei oui letusal to consent to the tianstei to the
tiansfei01’s spouse within which to tiansfei the tiansfeioi’s inteiests to another party whom we
appiove in accoidance with this Section 6 B
We may withhold oui consent to a Sale oi giant ot Secuiity Inteiest toi any leason, and we
Will not be lequired to considci a pioposed Sale oi Secuiiity Inteiest unless you comply with the
following lequuements eithci at the time the lequest is mac e 01, if applicable, by the completion
the Sale oi giant of the Secuiity Inteiest
(1) with lespect to any pioposed Sale
(a) you must submit an application in writing to us lequesting oui consent
The application must set out (i) the exact tenns ot the pioposed Sale and a copyj ot
a duly signed bona fide wiitten ofifei, (ii) mfoimation lelating to the busmess
leputation and qualifications of the Recipient to cany on business (iii) suitable ciedit
and financial mfoimation of the Recipient to allow us to make a reasonable decision as
Purt
This document was Barre
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of 20l^ 052016
this information. rODyou
Any action | T\ C - the
take upon MUDA information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
to the cicdit woithmess cind hnaneia! position of Iht Reupienl and such infoimation
will include as in appendix theicto, a peisonal net woith statement ot the Recipient oi
in the event the Recipient is an Entity a peisonal net vvoith statement of its
contioiling shaieholdei(s) oi membei(s), (iv) such othei intoimation as you may have
knowledge and would icasonably be eonsideied of a lelevant iiatuie to us^ in
deteimining whethei oi not to giant oui consent, and (v) such othei intoimation as we
may lequiie,
(b) the Recipient must aiiange tor and successtully complete to 'oui
satistaction, all oi such tiaining in the opjeiations ot the multi-unit development
business and a Pure Bane Studio, at its oi your sole expense, as we deem necessaiy
prioi to the commencement of the tiaining oy the Recipient, you must delivei to us,
the sum of $2,500 by means ot eash or certified check which amount will be non-
lefundable, except that if the Sale is successfully completed, the entire amount will be
applied by us against the amount payable by you puisuant to Section 6 B(l)(h) below
01 such other amounts as may be owing by you to us pursuant to this Agreement,
(c) the Recipient and its immediate family inembeis (and, if it is not a
natuial peison, its owners and immediate family membeis of its owners) must not have
an interest or be engaged in activities which would violate the restrictions regardmg
Competitive Businesses as described in Sections 5 A,
(d) the Recipient must enter into any and all agreements and covenants
(including our then-current form of multi-unit development agreement) which we aie
then requiring of new multi-unit developersj and if the Recipient is an Entity, the
Recipient must provide such personal guarantees oi other assurances of its
shareholdeis oi membeis oi otheis as we may require,
I
(e) you must have dischaiged and/or satisfied all of youi obligations
(financial oi otherwise) to us and our affiliates mcuried in connection with the
business opeiated uudei this Agieement, as of the date ot the completion of the said
Sale,
(f) you, and if you aie an Entity, youi owneis, officers and diiectors, and,
if the Recipient alieady owns oi owns an int|ciest in an Entity that owns Pure Baire
Studios, the Recipient and its owneis, officcis and diicctois, will execute and deliyei
to us and oui officers directors, shaieholdeis, employees and oiii and their hens
execLitois, administiatois, siicccssois and assigns, a geneial lelease, in a foim
appioved by us, of all claims, demands, liabilities actions, damages costs oi expenses,
howevei arising, as ot the date of oui consent,
I
(g) you must pay all of our expenses incuiied in connection with the Sale
whethei oi not such Sale is completed, up to a maximum amount of $3,000 plus
disbuisements and applicable taxes theieon, in this rcgaid, you must delivei to us
togethei with the oiiginal application submitted toi appioval of the Sale, the sum of
$1,500 towaids such expenses plus applicabl : goods and sci vices taxes thereon and
pay the balance upon completion of the appioved Sale
(h) you must pay to us, an amou equal to the gieatei of (i) 5% of the
purchase pi ice to be paid and/oi othei consideaation to be leceived fiom and/oi debt
Pure Barre
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
3015 0S20I6 rPD I T\ C-MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Notwithstanding the foiegoing, if youi Studio has been used as a Secuiity Inteiest foi an SBA-
guaianteed loan (which is subject to oui consent as described in Section 12 B) we will not while
such loan icmains unpaid, exeicise our light of fiist lefusal under this Section 12 C with lespect to a
Sale of pait of the ownership intciests in you unless, in connection with oui exeicise of the light ,of
fust lefusal, we are paying off the SBA-guaianteed loan Hojwevei, we letain the light to assign oui
light of fust letusal with lespect to such transfers to an unaffiliated thud party
Pure
This document wasBurre
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of301^-052016 rODyou
this information. Any action | T\
take C -MUDA
upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
7 TERMINATION OF AGREEMENT
A EVENTS OF TERMINATION
In addition to any othei lights we have undei this Agieement we will have the right^ to
teiminate this Agieement at any time and without notice upon any of the following events 1
(1) you 01 yoiii Affiliates fail to pay any amount due undei this Agieement or any
Fianchise Agreement when and as it becomes due and payable, and such failure continues for
a period ot 10 days after written notice from us,
(2) you abandon or threaten to abandon the Development Rights, or take oi
thieaten to take action to liquidate your assets, oij if you do not pay any debts or othei
amounts incurred by you m operating the business hereunder when such debts or amounts are
due and payable,
(3) you tail to comply with the Developiijient Schedule and such failure continues
foi a period of 30 days aftei wiitten notice horn us (subject to yoiii cine light undei
paiagraph (12) below if the failuie is the duect result' of a Casualty Event),
(4) you make or puipoit to make a geneial assignment foi the benefit of ci editors,
01 it you heieto institute any proceeding undei any statute oi othei wise i elating to insolvency
01 bankiuptcy, oi should any pioceeding undei any such statute oi othei wise be instituted
against you, oi if a custodian, leceivcr, managei o any other pci son with like powers is
appointed to take chaige of all oi any pait of the business gianted heieunder oi of the shaies
01 documents of title owned by any ot youi shaieholdeis oi title holders, oi if you commit oi
suffei any default undei any contiact ot conditional sale, moitgage oi othei security
instrument in lespect of the business being opeiated heieundei oi of the shaies oi documents
ot title owned by any ot youi shareholdeis oi title holdeis oi it any of youi goods, chattels
01 assets oi of the business aie seized oi taken in execution oi in attachment by a eieditoi oi
it a wilt of execution is issued against any ot such goods, chattels, oi assets, oi if a judgment
01 judgments foi the payment ot money in amounts i|n excess of $20,000, is lendeied by any
coLiit of competent juiisdiction against you
(5) you fail to ftiinish rcpoits financial statements, tax i etui ns oi any othei
documentation lequiied by the provisions of this Ag cement and do not collect such failuie
within 10 days following notice,
Puri. B irri.
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
30-15-9-^;2016 I DD I I \ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(11) you oi your Affiliates fail to comply with any provision of any Franchise
Agreement and do not cure such failures within the applicable cuie period, if any,
(12) you fail to obseive, peifoim oi comply with any other of the terms I oi
conditions of this Agieement not listed in items (1) thiough (11) above, and such failuie
continues for a peiiod of 15 days after wiitten notice thereof has been given by us to you,
piovided, howevei, that if your failuie is of youi obligation to comply with the Development
Schedule, such failuie is the diiect lesult of a Casualty Event, and you are using good faith
effoits to cuic the failure, we will not exercise oui ights undei this Section 7 A unless you
have failed to cure such default within 180 days following wiitten notice thereof As used in
this paiagiaph, a “Casualty Event” is a fiie, toinadq, huriicane, flood eaithquake oi similat
natuial disastei which is not within youi contiol, oi
(13) you have i ejected two oi moie pioposed sites within the Development Aiea
foi development of a Puie Bane Studio that wc have piovided to you puisuant to the
Development Services Agieement
Pur
This document . Burre
was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
3»15 ^2016 TDD 1 T\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(2) Non-Solicitation You furthei agree that, for two (2) yeais beginning on Ithe
effective date of termination oi expiration, neithei you noi any of your owneis, youi oi ybui
owners’ Affiliates, oi the officeis, directois, manageis or immediate family membeis of any of
the foregoing, will
(a) recruit oi hue any peison who is then oi was, within the immediately
pieceding 6 months, employed by us, any of oui affiliates oi a fianchise ownei asi(a)
an instiuctoi, geneial managei oi assistant managei at any Puie Bane Studio, (bj) a
district 01 legional manager oi any othei such peison having lesponsibility foi
oveiseeing oi supervising the opeiation of multiple Pure Bant Studios oi (c) any of
oLii 01 OLii affiliates’ ofBceis, directois, oi employees.
(b) inteifeie oi attempt to interfere with oui, oui affiliates’ oi bui
fianchisees’ lelationships with any vendors oi consultants, oi
(c) engage in any othei activity which might injiiie the goodwill of )he
Maiks and/oi the System '
If you fail to comply with paiagiaph (a) above you agiee to pay us an amount equal
to 200% of the annual salaiy/ of such peison
(3) Miscellaneous The foiegoing lestnctions also apply to the selleis undei a Sale
with the time refen mg to the effective date of the Sale rathei than the date of cxpiralionj oi
Pure B irri,
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
30lo 0^2016 TDD | T\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(2) The puichase puce foi the assets of each Puie Banc Studio that we electIto
puichase puisuant to subsection D(l) above shall be the pioduct of the eainmgs befoie
interest, taxes, depieciation and amortization (“EBITDA”) of the Pure Bane Studio foi the
ti ailing 12-month period ending 10 days immediately oreceding the closing date multiplied tby
two (2), piovided, howevei, that we may ieduce the Hiichase puce of any Pine Baire Studio
by the following (i) if the Studio is leased and fewei than two (2) yeais icmain on the
Studio’s cunent lease, then the puichase puce will be discounted by a icasonable amount Ito
be detci mined by us to account foi the shoit-tcim lease and (ii) the cost of any capital
improvements necessaiy to bung the Studio into confoimity with oui then-cuiient System
standards foi new Puie Banc Studios We shall have the light to set off against and ieduce
the purchase puce by any and all amounts owed by you oi youi Affiliate to us, the amount of
any liabilities assumed by us, and the amount necessaiy to modify oi leplace any assets so
that the Puie Bane Studio meets oui then-cunent standards and specifications foi Puie Bai'ie
Studios
(3) The puichase price shall be paid in cas 1 at the closing of the purchase, which
shall take place no later than 90 days aftei receipt by you of notice of exeicise of this option
Pua Bjrre
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
0s20l6 TDD | C\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(4) It we 01 0111 assignee exeicisc this option to puichase, pending the closing ot
such puichase as heieinabove provided, we shall have the light to appoint a managei to
maintain the opeiation of yoiii Pure Barre Studio(s) if we choose not to exeicise this right,
you shall continue to operate those studios on the tenns of this Agreement and the applicable
Franchise Agreement with us until the closing of the aurchase Alternatively, we may require
you to close your Pure Barre Studio(s) during such t!ime period without removmg any assets
from them You shall mamtam in force all insurance policies required pursuant to this
Agreement and the applicable Franchise Agieement(s) with us, through the date of closing! If
the premises of your Pure Barre Studio(s) are leased, we agree to use reasonable efforts 4o
effect a termination ot the existing lease(s) for the premises and enter into new lease(s) on
leasonable tenns with the landloid In the event we aie unable to enter into new leases foi
yoiii Pure Bane Studio(s) and youi lights under the ease foi the premises aie assigned to ius
01 we sublease the premises horn you, wc will indemnify and hold you hannless fiom any
ongoing liability undei the lease from the date we ass ■line possession of the piemises
INDEPENDENT CONTRACTORS
Each of us IS an independent contractoi, and neithei is consideied to be the agent,
lepiesentative, mastei oi servant ot the othei toi any puipose Neithei of us has any authoiity to
cntei into any contiact, to assume any obligations oi to gi\ c any waiianties oi lepresentations on
behalf of the othei Nothing in this Agreement may be const ued to cieate a lelationship of paitneis.
joint ventuiers, fiduciaiies agency oi any other similai lelationship between us and you
B INDEMNIFICATION
You agiee to indemnity, defend, and hold haimless us, oui affiliates and oui and then
lespective current and foimer owneis, managei s, diiectois, officeis, employees, agents, successois,
and assignees (the ‘indemnified Parties”) against, and to leimbuisc any one oi moie of the
Indemnified Patties foi, all claims, obligations, and damages jdirectly oi indiiectly aiising out of tlie
operation ot the busuiess you conduct undei this Agieement, or youi bieach of this Agi cement,
including those alleged to be caused by the Indemnified Patty’s negligence, unless (and then only to
the extent that) the claims, obligations oi damages aie detemiined to be caused solely by the
Puru
This document wasBaiTL
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
3015-052016 rOD | T\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
9 ENFORCEMENT, ARBITRATION
A ARBITRATION
We and you agree that all controversies, disputes, oi claims between us or our affiliates, and
oui and their respective shareholders, officers, directors, aj ^ents, and employees, on the one hand,
and you (and your owners, guarantors, Affiliates, and employees), on the other hand, ansuig out of
or related to ,
1
(a) this Agreement oi any othei agieement between you (oi any of youi owners) and} us
(oi any of oui affiliates),
(c) the scope oi validity of this Agreement or any othei agieement between you (oi any
of youi owneis) and us (oi any of oui affiliates) or any piovision of any of such agreements
(including the validity and scope of the aibitiation piovision under this Section 9 A, which we and
you acknowledge is to be detci mined by an aibitiator, not a court)
must be submitted for binding aibitration, on demand of eithei party, to the American Aibitiation
Association The aibitiation pioceedings will be condiictccl by one aibitiatoi and, except as this
Section othei"wise piovidcs, accoiding to the then-cuiient Commeicial Aibitiation Rules of the
Amciican Aibitiation Association All pioceedings will be conducted at a suitable location chosen by
the aibitiatoi in oi within 50 miles of oui then-cunent piincipal place of business (cuiiently
Spaitanbuig, South Caiolina) All matteis ielating to aibitiation will be governed by the Fedeial
Aibitiation Act (9 U S C §§ I e/ very) fudgment upon tie arbitiatoi’s awaid may be enteied
any court of competent juiisdiction
The aibitiatoi has the light to award oi include in his oi hei awaid any lelief which he oi she
deems piopei, including, without limitation, money damages (with inteiest on unpaid amounts fiom
the date due), specific perfoimance, injunctive lelief, and attorneys’ fees and costs, piovided that the
aibitiatoi may not declaie any ot the trademaiks owned by us oi oui affiliates geneiic oi othei wise
invalid OI, except as expiessly provided in this Article 9, awaid any punitive, exemplary, oi multiple
17
Pine
This document was Bane
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
301*; 0^2016 rOD I C\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
We and you agice lo be bound by the piovisions ct any applicable conliactual oi statutoiy
limitations piovision whichcvei cxpiics cailici Wc and you tuithei agiec that, in any aibitiation
pioceeding, each party must submit oi file any claim which \vould constitute a compulsoiy
counteiclaim (as defined by Rule 13 ot the Fedcial Rules ot Civil Pioceduie) within the same
pioceeding Any claim which is not submitted oi filed as lequiied will be toievei baned The
aibitratoi may not considei any settlement discussions oi otjfeis that might have been made by eithci
you oi us
We and you agice that aibitiation will be conducted on an individual, not a class wide, basis
and that an aibitiation pioceeding between us and our affiliates, oi oui and their lespective
shaieholders, officers, diiectois, agents and employees, on he one hand, and you (oi youi owneis,
guaiantois, affiliates and employees) may not be (i) conducted on a class-wide basis. VlO
commenced, conducted or consolidated with any other ar )itration proceeding, tiii^ or brought on
vour behalf bv anv association oi agency Notwithstanding the foregoing, if any court or arbitiator
detennines that all or any part of the preceding sentence is unenforceable with lespect to a dispute,
controversy or claim that otheiwise would be subject to arbitration under this Section, then! all
parties agree that this aibitration clause shall not apply to that dispute, controversy oi claim and that
such dispute, controversy or claim shall be resolved in a jujdicial proceedmg in accordance with the
dispute lesolution piovisions of this Article 9
Despite oui and youi agi cement to arbitrate, we and you each have the right in a propei case
to seek tempoiaiy restiaining ordeis and temporaiy oi pre iminary injunctive relief fiom a court] of
competent juiisdiction, piovided, however, that we and you must contempoianeously submit our
dispute, contioversy or claim for aibitration on the meiits as provided in this Section
You and we agiee that, in any aibitiation aiising as desciibed in this Section, lequests
documents shall be limited to documents that aie diiectly lelevant to significant issues in the ease ...
to the case’s outcome, shall be restiictcd in teims of time frame, subject mattei and peisons'oi
entities to which the lequests pertain, and shall not include bioad phraseology such as “all documents
directly oi indirectly related to ’ You and we furthei agree that no inteiiogatoiies oi lequestsi to
admit shall be piopounded With icspect to any electionic c iscovciy, you and wc agiee that
(a) pioduction of eleetionic documents need on y be from souices used in the oidmaiy
coLiise of business No such documents shall be lequiied to be pioduced fiom back-up seiveis
tapes 01 othei media,
(b) the pioduction of electionic documents shall noimally be made on the basis
gencially available technology in a seaichable foimat which is usable by the party leceiving the
documents and convenient and economical foi the producing party Absent a showing I of
compelling need, the parties need not produce metadata With the exception of headei fields foi
email coriespondence.
I’ua
This document wasBarrL
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of3013
this information.
012016 Any action
TDDyou take C
1 T\ upon
- the
MUDA information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(d) wheie the costs and buidens of electionic discovciy aie dispiopoitionate to the natuie
of the dispute oi to the amount in contioveisy, oi to the lelevance ot the mateiials lequested, the
aibitiatoi shall eithei deny such lequests oi ordei disclosuie on condition that the lequesting
party advance the leasonablc cost of pioduction to the othei side, subject to allocation of costs in
the final awaid as piovidcd heiein
In any aibitiation aiising out ot oi lelated to this Agreement each side may take no more
than three depositions Each side’s depositions aie to consume no moie than a total of 15 hours, and
each deposition shall be limited to 5 houis Theie aic to be no speaking objections at the
depositions, except to pieserve piivilege
The piovisions of this Section aie intended to benefit and bind ccitain third paity hon-
signatories and will continue in full force and effect subsequent to and notwithstanding the expiration
or termination of this Agieement
Any provisions of this Agreement below that pertain to judicial pioceedings shall be subject
to the agreement to arbitrate contained in this Section
B APPLICABLE LAW
This Agreement will be construed and interpreted under the laws of the State of South
Carolina, without regard to its conflicts of laws lules, exce )t to the extent governed by the United
States Tiademark Act of 1946 (Lanham Act, 15 U S C Sec ion 1051 et seq ) i
C CONSENT TO JURISDICTION
Subject to the agieement to aibitiate (Section 9 A above) and the piovisions below, you and
your owneis agree that all actions aiising under this Agieement or othei wise as a lesult of the
lelationship between you and us must be commenced in a court of general mi isdict-ion nearest tostate
01 federal court in oi within 50 miles of oiii then cuiTent principal place of business (currently
Spartanburg, South Caiolina), and you (and each ownci) iirevocably submit to the jurisdiction of that
court and waive any objection you (oi the ownei) might have to eithei the juiisdiction of oi venue in
that court I
We and you iiievocably waive tiial by jiiiy in any action, proceeding, oi counteiclaim,
whethei at law oi in equity, biought by eithei party We and you fliithei agiee that any aibitiation oi
Pur^. Barn.
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
2015 0->20I6 rOD I Px C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
F LIMITATION OF CLAIMS
Except for claims aiising from youi non-payment oi Lindeipayment of amounts you owe to us
pursuant to this Agreement, any and all claims arising out of 01 1 elating to this Agreement oi oui
relationship with you will be baned unless a judicial pioceeding is commenced within one (1) yeai
from the date on which the party asserting such claim knew oi should have known of the facts
giving rise to such claims
You and youi owneis agree that our and our affiliates5’ owners, diiectors, managers, officers,
employees and agents shall not be personally liable noi nam as a party in any action between us oi
our affiliates and you or your owners
10 MISCELLANEOUS
A NOTICES
All notices, consents appiovals, statements, documents oi othei communications lequiied'oi
permitted to be given heieundei must be in wiiting and must be deliveied (i) personally oi (ii)
mailed by legistered mail, postage piepaid, oi (in) sent by leputable overnight couiiei (such as
Federal Expicss oi UPS), to the said parties at then lespeUive addicsses set forth in the opening
paragiaph of this Agieement to the attention of the pci son indicated below
01 at any such othei addicss oi addresses as the party to whom such notice, consent appioval,
statement, documentation oi othei communication is to be given, may designate by notice in wilting
so given to the other parties heieto as piovided heieinbefoie It any one of the said parties is
comprised of moie than one peison oi Entity, any notice, consent, appioval, statement, document 01
other communication may be given by or to any one thereof, and it will have the same foice and
20
This documentPure was Banc
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of ■:this
015 052016
information. TDDyou
Any action | C\
take C - the
upon MUDAinformation you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
C SEVERABILITY
If any teim oi condition of this Agieement is, to any extent, declaied to be invalid oi
unentoiceable, all other terms and conditions of this Agieement, othei than those as to which it is
held invalid or unenfoiceable, will not be affected thereby and each teim and condition of this
Agreement will be separately valid and enforceable to the fullest extent pei nutted by law
D HEADINGS, CONSTRUCTION
Eleadings preceding the text, sections and subsections hereof have been mserted solely for
convenience of refeience and will not be construed to affect the meaning, construction or effect of
this Agreement The term “including” means “mcludmg, without limitation” unless otherwise noted
The term “control” means the right and power to direct or cause the direction of an entity’s
management and policies
E WAIVER
The waiver by either you oi us of a bieach of any term oi condition contained in this
Agieement will not be deemed to be a waivei of such temi oi condition oi any subsequent breach of
the same or any othei term oi condition hereui contained unless such waivei is expressly set foith in
writing A paity’s failure to exeicise any light to demand exact compliance and any custom or
piactice at variance with the tenns and conditions of this Agreement will not constitute a waiver of
the light to demand exact compliance with the tenns and conditions heieof Oui subsequent
acceptance of any amount payable heieundei, will not be deemed to be a waivei of any preceding
bleach of any term oi condition of this Agieement, other than the failuie to pay the paiticulai
amount so accepted, legardless of oui Icnowledge of such pieccding bieach at the time of acceptance
of such amount
F FURTHER ASSURANCES
You and we agiee to execute and delivei such fiiithei and othei agieements, assuiances
undei takings, acknowledgements oi documents, cause such meetings to be held, lesolutions passed
and by-laws enacted, exeicise oui vote and mfluence and do and peifoim and cause to be done and
peifoimed any flirthei and othei acts and things as may be nccessaiy oi desiiable in oidei to give full
effect to this Agieement and eveiy pait heieof
G ENTIRE AGREEMENT
This Agreement and all schedules attached heieto constitute the entiie agieement of the
paities heieto and all piior negotiations, commitments, lepiesentations, wairanties, agieements and
21
Pull.
This document was Birri.
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
29-13 012016 TDD | T\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
H BINDING AGREEMENT
This Agreement will mure to the benefit of and be binding upon us and oui successois and
assigns and will be binding upon you and youi hens, cxecutois administratois, successois and
authorized assigns
1 COUNTERPARTS
This Agi cement may be executed in multiple copies, each of which wilJ be deemed, an
original Signatures transmitted via facsimile oi scanned and emailed shall have the same force and
effect as originals
IN WITNESS WHEREOF, the parties have executed and delivered this Agreemenf in
Spartanbuig, South Carolina, effective as of the Effective Date
[Name|
By.
Name
Title _ Name
-^Date Title
"(This IS the Effective Date) Dated
Piia
This document was B irrt
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
j41-S 0^2016 rOD I T\ C - MUDA
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1
1
A-1
Pure Bunt
052016 FDD | F\ C - MUDA
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
116S 001 00-M3213I 15/143101 2
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Ownei s Name Tvoe cind Pcicentasie ot Intcitst
Managing Owner
Othei Owiieis
INamel
Name By
Title _ Name
Date Tit e
Date
A-2
Pure B irn.
2015 052016 PDD | Cv C - MUDA
This document was 1 downloaded from franchimp.com. All the
108 001 00-I'-I-22I3KI5/I4 jinformation
IOI 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
M \P or DEVELOPMEN r a\REA
A-3
Pure Barre
2015 052016 PDD | P\ C - MUDA
116S 001 00I\I2213I 15/143101 2
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ATTACHMENT
Tn considciation ot, and as an inducement to, the execution of that ceitain Multi-Unit
Development Agreement (the “Agreement”) on this date by PB Franchising, LLC a Delaware
limited liability company ( we,” “us” or “our’) each of the undersigned personally and
unconditionally (a) guaiantees to us and oui successois and assigns, foi the teim of the
Agreement (including extensions) and aftcrwaid as piovided in the Agi cement, that
(‘Developer”) will punctually pay and peifonn each and
every undertaking, agreement, and covenant set foiti in the Agreement (including any
amendments or modifications of the Agicement) and (b) agiees to be peisonally bound by, and
personally liable foi the breach of, each and every piovision m the Agreement (includuig any
amendments oi modifications of the Agieement), both monetary obligations and obligations to
take or refrain fiom taking specific actions oi to engage or refrain from engaging in specific
activities, includmg the non-competition, confidentiality, and tiansfer requirements
Each of the undersigned consents and agiees that (1) his oi her direct and immediate
liability undei this Guaranty will be joint and seveial, both with Developei and among other
guarantors, (2) he or she will lender any payment joi peifonnance required under the
Agreement upon demand it Developei fails or leflises punctually to do so, (3) this liability will
not be contingent oi conditioned upon oui pursuit of any icmedies against Developer oi any
othei person, (4) this liability will not be diminished, lelieved, or otheiAvise affected by any
extension of time, credit, oi othei indulgence which wc may fiom time to time giant to
Developei oi to any othei peison, including the acceptance of any paitial payment oi|
perfoimance oi the compromise or release of any claims (including the lelease ot othei
guaiantois), none of which will in any way modify oi amend this Guaianty, which will be
continuing and iiievocable duiing the teim of the Agieement (including extensions), foi so long
as any peifonnance is oi might be owed undei the Agieement by Developei oi its owneis, and
foi so long as we have any cause of action against Developei oi its owneis, (5) this Guaianty
will continue in full foicc and effect for (and as to) any extension oi modification of the
Agieement and despite the tiansfei of any inteiest in the kgieement oi Developei, and each ot
the undersigned waives notice ot any and all lenewals, extensions, modifications, amendments,
OI tiansfeis, and (6) upon oui lequest, he oi she must su 3init to us suitable ciedit and financial
information to allow us to make a leasonable decision as to the undei signed’s cieditw^oithiness'
and financial position including, without limitation, a peisonal net woith statement and such'
othei information which would reasonably be considcied lelevant to us in detei mining whethei
01 not the undeisigned has the ability to satisfy' his oi hei obligations undei this Guaranty
B-l
I’lirc BarfL
3frl-> 052016 rOD I r\ C -MUDA
I I6S 001 QO-n32ljl 15/143101 2
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Each of the uiidei signed waives (i) all lights to payments and claims foi icimbuisemen't
01 subiogation which any of the undeisigned may have against Devclopei niising as a lesult ol
the iindeisigned’s eveuition ol and peitoimance iindei this Guaianty and (ii) acceptance and
notice ot acceptance by us of his oi hei undeitakings u'ndei this Guaianty, notice ot demand
L
toi payment ol any indebtedness oi non-peiloimance ot any obligations heieby guaianteed
piotest and notice ot default to any paity with lespect to the indebtedness oi nonpeitoimance
ot any obligations heieby guaianteed, and any othei notices to which he oi she may be entitled
Each of the undeisigned acknowledges and leaicsents that he oi she has had an
oppoitunity to leview the Agieement and agrees that the piovisions of Aiticle 9 (Entoicement,
Arbitiation) have been reviewed by the undeisigned and aie incorporated, by lefeience, into
and shall govern this Guaranty and Assumption of Obligations and any disputes between the
undersigned and us Nonetheless, each of the undei signeld agiees that we may also enfoice this
Guaranty and Assumption ot Obligations and awaids in the couits of the state oi states in
which he oi she is domiciled
B-2
Puri. Barn.
3013 052016 TDD | T\ C - MUOA
This document was1168downloaded from franchimp.com.
001 00-IU234 All the information
jI 1*1/1-13101 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
IN WI FNESS ^VHEREOF each of the uncieisigned has nffixtd his oi hci signaluie oil
the same day and yeai as the Agicement was executed
GUARANTOR(S) SPOUSE(S)
#1- #1-
Signatuie Signatuie
Flint Name Pi int Name
Addiess
Sign
Address -SigR#2
Signatui :»
#2- #2-
Name
StgnSignature Address
___
Print
m- Name #3-
Signatui
Print Na
Sigft
Address Address
Signature
Print Name
Address
B-3
Pure B lire
20 Ij Q‘i20l6 TDD | T\ C - MUDA
This document wasI downloaded from franchimp.com.
16S 001 OOP-123131 All the information
IS/I43I0I 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
A^TA-€MMENTATTACH MENT C
Pure B irre
204-3-052016 TDD \L\ C- MUDA
This document wasI downloaded
I6S001 001 from franchimp.com. All the information
1221jI 15/143101 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
PFVELQPiVlLNr SERVICES AGREEMENT
RECITALS
Oui affiliate, PB Franchising, LLC {"‘Franchisoi , and you aie paities to a Multi-Unitj
Development Agieement, dated as of [________ , 20^] (the "Development
Agreement”), pursuant to which Fianchisoi gr inted you, and you undeitook thej
obligation to aequiie an agreed upon numbei of Fianchises to develop, own and opeiate
Pure Barie“ Studios (each a ""Studio”) puisuant to individual franchise agieements.
(each, a ""Franchise Agreement”)
B Under the Development AgreeiTient, Franchisoi—requires that you use, and you'
agreedYou wish to use, certain of our services m connection with the development of
your Studios You and we desue to entei into this Agreement to set forth your and'
our obligations with respect to the development services |
Capitalized ternis used but not defined in this Agieement shall have the meanings|
ascribed to them in the Development Agreement or Fianchise Agreement, as applicable
AGREEMENT
FOR AND IN CONSIDERATION of the foiegoing Recitals (which aie incorporated in and,
made a part heieof), the covenants contained in this Agreement, and other valuable/
consideration, leceipt and sufficiency of which aie acknowledged, you and we agiee as follows
Our Responsibilities We will piovidc on your aehalf, and you heieby appoint us as
your agent to provide in youi name, the following services (the ""Services”) that you aie
otheiwise requiied to peifonri undci the Fianchisc Agieements foi each of youii
Studios
C-1
Pure Barre
2013 052016 TDD | Cx C - MUDA
This document wasI downloaded
16S 001 from
001franchimp.com.
122 IjI I VM All thejinformation
IOI 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
such demo^iaphic commeicial, and of lei inloiinaiion as Fianchisoi ma\
icqucsl) loi each potential site
Letter ot Intent and Lease Negotiation Once you have accepted a polentia
site, and it has been appioved by Fianchisoi in accoidance with the applicable
Franchise Agicement we will negotiate on youi behalt all lettcis of intent anc
the Lease foi the Studio pieniises, pioMcIecI, howevei, you must sign the Lease
Construction Management Piior to your signing the Lease foi the pioposed
site, we will prepare an initial pio fomia constiuction budget Foi youi approval
Once you have appioved the initial pro forma constiuction budget (as amended
fiom time to time in accordance with this Agieement, the '‘Biulger), we will
pioceed to manage the construction of the Studio in accoi dance with the
applicable Fianchise Agreement and the Budget on youi behalf as youi agent
In this legaid, we will, as youi disclosed agent and without assuming any diiect
liability to the othei party, in accordance with the applicable Franchise
Agieement and the Budget, be entitled to
Designate, in our sole but reasona ble discretion, the architects, general
conti actors and other contractors (collectively, the ‘‘'‘Contractor’s'') to be
used on the construction of the Stuidio,
C-2
Piiic B irri.
■20lj-0520l6 TDD | C - MUDA
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 001 I22I3I 15/U3I0I 2
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
as Yom disclosed agent, and you hat you wmI be lesponsible loi youi
peitoimanee and any payments due theieundei piovidcd that such eontiaet is in
fuitheiance ot the Sci vices and within the scope o1 the Budget oi is othciwisc
authoiizcd in wilting by you
Furniture, Fixtmes, Equipment and Iniventory We will, on youi behalf, as
yoLii disclosed agent and foi your account and at youi expense, oidei all
fiiinituie, tixtuies and equipment as well as the lequiied initial inventoiy as
necessaiy toi building out and equipping the Studio in compliance with the!
System Standards All tiiinituie, fixtmes equipment and inventoiy will be
purchased in youi name WE DO NOT PROVIDE, AND HEREBY
DISCLAIM, ANY WARRANTY OF ANY ICIND, EITHER EXPRESS OR
IMPLIED INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
HOWEVER, WE WILL PASS ON TO YOU ANY MANUFACTURER’S
WARRANTIES THAT ARE PROVIDED WITH THE PURCHASE
Utilities Start Up You will establish accounts with all utility companies Once
the accounts are established, we will anange for the appiopriate utility
companies to begin seivice at the Studio at the appropriate time
Youi Responsibilities You agicc to be lesponsiblc foi and agiee to pcifoim, at youi
cost, the following with lespect to each of the Studios
a Development Costs and Fees You shall pay all costs and expenses incuiied in
connection with the development and constiuction of the Studio puisuant to this
Agieement, including, without limitation bijokei commissions, taxes and peimits,
and impact studies (eg, watei and sewci), and othei local agency tees
(collectively the 'Development Costs") You agiee to fund the Development
Costs in the manner desciibed in Section 2 b below and ensure that, at all times,
you will have deposited into the lequired bank account sufficient funds in oidei
to pay all Development Costs when due Furthei you agree to pay all
C-3
Piir>- Bam,
:G-1-:^ 052016 TDD 1 P\ C - MUDA
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S 001 00-IU2jl3l 1-3/143101 2
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
DLvelopmuil Co^ts \%hen due di cell} .0 ihc upplicablt \encloi unlebs wc
instiLict you olliciwise Wc will be lesponMblc foi the costs and expenses ofouii
own employees and inhasti uctuie, but vve aic not lequiied to advance oi|
otheiwise expend any of oui kinds in oidei cithei to pay any poition ot the
Development Costs 01 to piovide any C't the Scivices 11 wc in oui sole
discietion, elect to advance on youi behalf any kinds toi such puiposes, you
shall leimbuisc us toi any such advances immediately on leceipt ol oui invoice j
II Upon your approval of the final constiuction and vendoi bids, you shall|
deposit into the Account the difference, if any, between the amount of
those bids and the amounts already deposited mto the Account under
clause 1 above, and
You agiee to pi0vide us with documentation confiiming that you have depositee
the lequiied amounts into the Account as desciibed above You fuithei agieej
that, once deposited, you will not withdraw any funds from the Account except,
in payment of the Development Costs anjd the othei amounts due undei this!
Agieement You agiee to pi0vide us with appiopiiate log-in infoimation tO]
access youi online banking account toi the puipose of veiifying that you have
made the lequiied deposits and to veiify account activity in accoi dance with this
Agieement Fuither, at oui lequest, you authoiizc us to automatically debit fioni
the Account any amounts necessary to pay the Development Costs and will sign
any documentation lequiied by the bank to effectuate this authoiization
Payment of Expenses We will be icspo nsible foi the costs and expenses of
OUI employees, provided, howcvei that you shall leimbuisc us foi up to $2,500
C-4
Pure Bnirc
2013 052016 FDD | T\ C - MUDA
This document was downloaded
1168 from franchimp.com.
001 00-l' All the information
l22-tal 15/143101 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
pel Studio loi tiavcl, LJging living c'lpciiseb and othei costs and expenses
leasonably inclined by us and oiii employees peifoiming Seivices We will
submit to you leasonably detailed invoicej loi ill sueh expenses inclined The
invoice will be due and payable within fi teen (15) days attci wc submit it to
you
Employees and Benefits Foi all Studio and above-Stiidio employees, you oi^
yoiii Aflfiliate will be solely lesponsible toi lining, detcimining the teims anc
conditions ot employment (including leciuiting, hiiing and filing decisions,
tiaining, compensation, woik hours and schedules, woik assignments, safety and
secuiity, disciplme, and supeivision and direction) You agiee that any employee
that you hue will be yoiii employee, and not 0111 s You agiee to manage the
employment functions ot the Studio in coi npliance with fedeial, state, and local
employment laws
Timely Review and Approvals of Budget We will propose, but you shalj
have the right to approve the Budget, as dcsciibed in Section 1 d above, and
any adjustments to the Budget as provided in this Agreement You shall
complete youi leview and issue youi approval oi rejection ot the Budget and
each proposed adjustment to the Budget submitted by us within five (5) business
days after we submit the proposed Budget oi adjustment to you If you fail tci
timely issue eithei an approval oi rejection, the proposed Budget oi adjustment
shall be deemed approved, and the parties shall theieaftei pioceed in accoi dance
therewith
C-5
Pure Barri.
-0*^2016 rOD 1 T\ C - MUDA
This document was1 downloaded
168 001 from franchimp.com.
00IM22M All the information
Ii/I40ni 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ail contifi [ pcitamin^ to payu d plOLc^^Ois insLiiancL and othti,
contiacts i dated to the opciation o r the Studio
You shall piovide us with executed copies ot any othci documents that we,
leasonably lequcst in connection witl pioviding the Seivices iindei this'
Agi cement
Opening for Business You will open the Studio foi legulai business with thd
public withm 10 days of the Possession Date, subject to youi obtaining all
approvals and satisfying all requirements and conditions undei the Fianchise,
Agreement You will be responsible for pierfoiming any pre-opening maiketing
that you desue oi aie required undei the Fjianchise Agieement to perform
Transfer You and we have each entered into this Agieement based on the specific,
conditions and capabilities of the othei Theiefore, neithei of us may tiansfer oi assign
this Agieement without the piioi written consent ot the othei Notwithstanding the
foregoing, we may, on notice to you, assign this Agieement to oui affiliate '
Termination This Agieement may be terminatec only in the following mannei and foi
the following reasons
C-6
Piiic Bane
2015 0^2016 TDD | I \ C - MUDA
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6S 001 001 I22I3I I5/U310I 2
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
lailuH. withi'i days dclivtiy of n aticc whieh identifies the bieach In
addition wc may iciminate this Agicemen conciiiicntly with the teimination of
the Development Agi cement
Yon acknowledge and agiec that youi bicach of this Agicement will be a bieach ot the
Development Agi cement and applicable Fianchise Agi cement It we tei inmate this
Agi cement piioi to the Possession Date because of youi bicach, we will have the light
to acquiie owneiship of such Studio and, despite any protection granted undei thei
Development Agieement, eithei operate the Studijo ourselves oi authorize oui afFiliatcsl
01 anothei fianchisee to own and opeiatc such Studio We will excicise that option,
within 14 days aftei oui notice of teimination of this Agieement It we elect to acquiie
the Studio undei these ciicumstances you must assign the Lease to us oi oui designee,'
and we will leimbuise you foi any Development Costs you have expended in!
connection with the development ot the Studio, as of the date ot oui election, with
lespect to such Studio
c None of oui olficeis, duectois employees oi agents shall be personally liable foi
the perfoimance oi failure ot peifoimance of oui obligations undei this
Agieement You will look solely to us in t lat legald and
Wc do not lepiesent oi guaiantee that oui piovision of the Sci vices will cause
the Studio to be piofitable oi to achieve any paiticulai level of success oi
peifoimance
C-7
Pure Barrc
3-&lg-0320l6 TDD | T\ C - MUDA
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00-I-1221j1 15/143101 2
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
oui affiliates' stututoiv uglify and lemcdus lelating to tiadeinaiks, copviiglits, tiade
seuets and othei intellectual piopeitv), and acknowledge and agiee that the lights
and leinedies in this Agieeinent, and all othei rights and leinedies at law and in
equity, will be adequate in all ciicuinstances Jot any claims the pen ties might have
with lespect theieto You agiee that in the event of any claim by \oii against us
undei this Agreement, our liability foi oi with lespect to the Sei vices shall not
exceed an amount equal to the Development fJc paid, whethei in full oi paitial, by
you to us under this Agieement
7 Notices All notices requu-ed to be given undei t us Agreement will be given and will
be effective as described in the Development Agreement
Binding Effect This Agieement will be binding upon and inuie to the benefit of the
SLiccessois, assigns, tiustees leceiveis, personal lepiesentatives, legatees and devisees of
the parties heieto
Entirety This Agieement embodies the entiic a gieement and undeistanding between
the parties and supersedes all piioi agieements and undei standings related to the subject
mattei hereof
Execution This Agieement may be signed in mul iple counteipaits which when taken
togethei, shall constitute one agieement Signatuies tiansmitted via facsimile oi
scanned and transmitted electionically shall have he full foice of and be consideied
oiiginals
IN WITNESS WHEREOF, you and we have caused this Agreement to be made effective in
Spaitanbuig, South Carolina, on and as of the Effective Date
C-8
Pure Barre
51M3-Qj2016 TDD | C\ C - MUDA
This document was1 downloaded from franchimp.com.
16S 001 00-l4jj131 All the information
4-VI43I0I 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
PB OpCo, LLC |DEV ELOPER!
By By
Name Name
Title 1 illc
Date" Date 1
C-9
Pure Birrt
jW-o 052016 TDD | E\ C - MUDA
This document wasI downloaded
16S 001 from franchimp.com.
Q0-IM22 All the information
bl 15/143101 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1
D-1
I’ll a Biiri.
2015 9>20I6 TDD | C\ C - MUDA
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00-1^ 22 L-t-15/143101 2
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
AMENDMENT INO 1 TO fRANCH SE AGREEMENT
RECITAES
A You and we are paities to that ceitain lianchisc agreement, dated as of thel
Effective Date (the “Fiancliise Agreement”), which gov iins youi owneiship and opeiation ot
a Puie Bane Studio located oi to be located at
(the ‘ Franchised Business”)
AGREEMENT
FOR AND IN CONSIDERATION of the foregoing Recitals, the covenants set forth
herem and other valuable consideration, receipt anc sufficiency of which aie hereby
acknowledged, you and we agree as follows
Pure Bdrre
201^ 0>20I6 TDD I C\ C - MUDA
This document wasI downloaded
168 001 from franchimp.com.
00I\I2213I All the information
1VI43I0I 2 on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Any failuu bv riaiichiscc to guitialL the icc|iiiicd Minimum Cumulatjvi.
Royalties in any specified puiiod will cause rianehisce to be in mateiial dclault
Lindci this Agiccmcnt llowcvci with lespcet to the initial instance hciciindci in
which the Franchisee fails to gcnciatc the spceificd Minimum Cumulative Royalties,
Fianchiscc may cuic the dclault by paying to Fiancnisor any shorttall in any icquiied
Minimum Cumulative Royalties This means that the Franchisee may pay the
Fianchisoi the diftcrcncc between the amount Fianchisoi would have icccivcd it
Franchisee had generated the icquired Minimum Cumulative Royalties loi the
applicable pciiod and the amount Fianchisoi actual y icccivcd during such pciiod
Franchisee acknowledges that such shortfall payment is due thirty(30) days
following the end of the applicable pciiod in which tic shoittall occurred Fianchiscc
acknowledges and agrees that it is given the light to cure the shortfall the fiist time,
and only the first time, that it fails to generate the specified Minimum Cumulative
Royalties Any subsequent failure by Fianchiscl; to gcnciatc the Minimum 1
Cumulative Royalties will not be curable Failuic to pay the shorttall, ifcurable, or
otherwise pay MinimumCumulative Royalties as icquiicd above shall permit |
Franchisoi to terminate this Agreement pursuant to Section 16 below I
1
2 The Franchise Agreement shall be amended only m the particulais set forth;
above All other provisions of the Fianchise Agreement shall continue in full force and effect
as set forth therein
3 The terms of this Amendment foi m an inte pal part, and hereby are incorporated
into and made a part, of the Franchise Agieement In the event of a conflict between the
teims contained in the Franchise Agieement and this Amendment, the terms and conditions of
this Amendment shall govern, contiol, and supeisede an} inconsistent or conflicting tcims of
the Franchise Agieement
4 This Amendment may be signed in counter^aits each of which shall be deemed
an origuial but all of which taken together shall constitute one and the same instiument
Signature by facsimile is heieby authoiized and shall have the same foice and effect as an
original All capitalized tetms used but not defined in this Amendment shall have the meanings
asciibed to them in the Franchise Agieement
JN WITNESS WHEREOF, you and we have signed this Amendment on the dates
shown below and made effective as of the Effective Date
PB FRANCHISING, LLC IINSERT ENTITY!
By.
Name Name
Title Title _
Date'" Date
C^Thts IS the Effective Date)
Pua Barrc
20l> 0-^2016 mo I Cx C- MUDA
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6S 001 00-1 I22Ij1 1S/I43I01 2
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
■■i
EXHIBIT E
LIST OF FRANCHISEES
fiirc B irrc
3015 0j2016 rPD I Tv T - LiM of I r inchistLs
I 168
This document was 001 OO'IMJJ
downloaded 1315/14All1104
from franchimp.com. the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Cimeiu FianchisecES
____________________
Kelsey Rood 231 S La Cienega Boulevard Bevel ly Hills 424-204-9722
CA 90211
Pare B irrt
E-1
2013 052016 PDD | T\ T- Lisi of rnnchisei-s
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00 012213j5/l4M04
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Pr a n c h ist L-0« \ddrcss' SHtc Telephone
A^M Fihiess I I r 407 West Imperial HiP^hw.iy 09Q9I 71^-riQ^ 7811
Siiite I
Alyssa Boihnnn. I I.C 1440 Chapin A\ciuie Suite Bulling line CA 94010 6a0 342-19M)
100
J&KT LI C 62fi5_Xl£amins_R£aL_SiiJlL r arlshad 92009 7A0-S87 338^
D201
Mnnicfi CinihinMr Pnmmiei. 234 E 17th Street Suite 116 Costa Mesa CA 92627 949-230-9131
Ine*
MA^A Rarre Ilf *' guggrliUii^gurebarrexQUi jjggliL
determiner!
Vanessa HeitdeisonEB 7519 Sunset Boulevard Hollvwood CA 90046 323-850-1800
Hnll VwoocLLLC
Monica Ci-HbinMi Pommier. 7101 Yorktown Avenue Suite Huntington CA 92648 714-330-9001
101 Beieh
_______________________ 6791 Quail Hill Parkway CA 92603
lr\ me 949-500 5924
Marni Chaikin & Kayla 11819 Wilshire Boulevard ^os Angeles 90049 310 463-7873
AllenFitness A Wellness Suite 213
LLC I
Katelin Martini Tim 740 South Olive Street, Suite Los Angeles 90014 323-305-7025
106
U£.____________
Emilya NatewHealth & 50 University Avenue, Suite .os Gatos 95030 408-458-6811
Fitness f.r.C B-101
Cynthia Webb cwehh@.nureharre com23410 Malibu CA 90265 not yet
Mahhii I.LC Civie Center Wav, ^inte F.-Q determ I nedll
0-456-2134
F.&K Barre I.ouie. Ll.C ■*'* 13175 Mindanao Wav Vlanna Del T?av CA 90292 not vet
Hetermined
MegMG Flliolt. Ll.C 800 Redwood Highway Mill Valley CA 94941 415-383-1130
Frontage Road Suite 616
Monica GruhinMr Pommier. 28321 Marguerite Parkway Mission Viejo CA 92692 949 861-1565
Inu Suite 201
Shelley SinegalWine 3632 Bel Aire Plaza 9apa 94558 707-257-7215
Country Sieiilpl. FT P
Brittany F.phert^t^. LLC 4929 Lankershim Boulevaid_ North
I
91601 net| yet
Suite D Hollywood determinedSl
g-Q^7-70QS
Palm Rarre FI C 77 624 n Paseo Suite PS Palm Desert CA 92260 760-836-0333
Emilys NotewHeallh & 299 S California Avenue Pilo Alto CA 94306 650-798 4048
Fitness 1 IP
Alexis Hnvden fii Goedhait. 107 South Fair Oaks Axeniie Pasadena CA 91105 626-765 9400
LLC Suite 109
Adrienne RichinondEB 6754 Bernal Avenue #730 Pleasanton CA 94566 925-399-1624
Studios FLP
A-shley SinkeldamEB 8792 19lh Street Rancho CA 91701 909-944 4978
I
Rancho Piicamonpa 1 I P Cucamonga
t4ertw-Vicencia Fitness. I I C 22411 Antonio Parkway Suite Rancho Santa CA 92688 949-216 0732
C150 Margarita
KertNew-Beach Wilson & 403 North Pacific Coast Redondo Beach CA 90277 424-247-8686
Gen Bench Partners. LLC Highway Suite 200
Anne SandeFS-& Ertea 1041 Avenida Pico. Suite A San Clemente CA 92673 949-812 2847
^l£UienieJJ_C_______
E-2
Pure Bnrrc
2015-052016 rOD | f\ C - Lisl ol rruiichisees
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6S 001 001M22133S/14SI04
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
r rantliiscL-0^nei-{s) Address' State Ttltplionc
E-3
Pure Barrc
20-15 032016 TDD | P\ f - List of ruiithibcts
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 00t'-t-321j3VI43l04
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
r r a 111 li 1 scL-OwfHH~-{^4 Address' Cit. Stite Telephone
R.inc rngrt/v Pflitner<;- slnnleton^/7.Jniirt bai re i om 'Siagiclou nnl vet
LLC^-"
LQ fletei miiierl
CaiH«-Rtwr.iinv Inc 11961 Ri tdbuin Boulevird Westministci CO 80031 720 633-6398
Suilc 500
3 13 Heights Roid Darien CT 06820 203-309-5690
Kristin McCliilchvDanen
E-4
Pine Barre
3«lo 0^2016 rOD I P\ I - List of Pi inchisccs
This document was I downloaded
168 001 0044?^a-33/M3l0a
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
rrandiisiL 0^>nci (s) Addi css ''iG
State Telephone
Rachel Robei (‘jonPuic -182.S Deei Like Diive West 1 icksonville FL 32246 90^ o64 1600
Anlifiide I I C
VieteFtaThe Kostei &- lemvy 1661 Ri\eisidc Avenue Suite ll icksonville
FL 32204 904 778-5922
PfH-ke4-rimiin. l l .C 125
Victoiia Kostei & Jcmiv 1988 Sin Mil CO Boulevard y icksonville
FL 32207 904-778-5642
Parker ^
taeeylhg^Wa 11 ace^Gxoug. 1056 3rd Street Noilh yacksonville
I 32250 904-504-1150
LLC Beach
Melissa HirachMl.H Fitness. 6330 W Indiantown Road lupitei 561-277 9215
33458
Inc. ' Suite 12
^ii£^Pin£C£esLARJJ^£^ I I14Q Sniilh Dixie Hityhw^n Miami
33156 not vet
determined
Lenka Valigurska &-Qlga 1410 Pine Ridgt Roid #10 Naples 34108 239-384-9684
Met?4ef011ie. Inc.
Ann & Spencer HopkinsEurg 7339 West Sand Lake Road Orlando 32819 407-930 27a9
nr. Phillms l.rr " #412
Ann & Snencer HopkinsPiire 1430 North Mills Avenue Orlando FL 32803 407-745-5461
HnnCn. I T .P ■ #160
Melissa HirschMI.H Fitness. 11290 Leg icy Avenue kl20 Palm
I
Beach 33410 561-622-7006
InCjJ_____________________ Gardens
Catalina LehmanEB 6 South Palafox Street Pensacola 32502 850-912-4470
Pensacola T 1 C.
The Knster rirniin PV 2SQ_^lilSg£_MBlD_Sl^£L;^lllt£ Lonlg^^gdta 32082 not! vet
LLC** Reach determined
Ashley SmeletonAs Fit.
m.
174 Wateicolor Way, Suite Santa Rosa 32459 850-231-0147
LLC 101 Beach
Jodi Bcarman & Lindsay 3800 S Tamianii Trail Suite Sarasota 34239 941-953-2323
LancasterPR SRO. T -LC 16 Saiasota, FL 34239
Elle & Lauren McComb^ 3637 Fourth Stieet Noith St Petersbuig 33704 727-823-8663
Pete Rai re. I f .C
Connie Ponwoll **C+P 3425 Thomdsvillc Road #8 allahassce 32309 not, yet
Fitnes*? Piorida U.C determined85
n-(S2Q-4l23
Rile & Lniiien McCninhPiirc 3830 West Neptune Street Tampa 813j-254-8663
33629
^aii^JCam£a;_LLC_______ Suite C5
Shannon OBnenPiire Banc 12921 N Dale Mabiv impa 33618 813,-968 1122
TPA lie 11 mil way
Aimee ONeilPB Florida. 12233 W Linebaugh Avenue Tampa 813J-510 3949
33626
LLC 1
Jamie Babb & Casey 18091 lliginvoods Pieserve Tampa 8131-866-7873
33647
NenhertPB New Tamna. Paikwav Suite 3
LLC
F O Wetmore 11 f ■< i- \ icrn^niiicb.irrt^ com Vieia I Vet
determined
Melissa HirschMI.H Fitness. 1 1950 W Forest Hill Wellington 33414 561-469-7943
Boulevaid Suite 22
501 Fein Stieet Suite 102 \yest Palm 33401 o61-318-a723
IruL-.^ Beach
Connie PonwellC+P Fitness. 191 Alps Road #17 Athens Athens 30606 7061850-4000
J=L£______________ GA 30606
Shoeba? i e 1 I P ^ choslaiii^^gyiehatEcxoin Atlanta not vet
determined
E-5
Pure Bjitc
gOI5-6s2016 FDD 1 F\ F - Lisl of FrinchiscLS
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
t 168 001 00 I'I22Ijjs/I4jI04
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
rraiitliiscL Ow-wm{s) Adcli css' State Zip Telephone
Kady -Deekei & Snrah j!45 Peiehliee Road Ni: Allan! 1 GA 30305 404-550 8o42
MnatsMnDerk 1,1 C Suite 169
Pliili|>-R-iiss &-Matt 2951 Norlh Diuid Hills Roul Allanl 1 GA 30329 404-313 9001
fedTH=BtmAT]. Toco Hills.
,LLLj
Philip-R-ttss & Matt 4300 Paces Ferij' Road SC Atlanta GA 30339 770-989-1373
r.nlnmnriATI PR Vininas. Suite 476
i.i.r ^___________________
Philip Russ & Matt I 100 Howell Mill Road Suite Atlanta 30318 404 464 7443
ealanaaftATL PB 1. LLC A07
P-hilip-R-uss & Matt 240 Noith Highland Avenue Atlanta GA 30307 404-975-3244
CnlamariATI. PR Inman Northeast #1
Park LLC '
Katy Gibson &- Ashley 1402 Noith Highland Avenue Atlanta 30306 404-883-3882
GootGC^^irgioji^ighJan^ NC
LLC
Jill Kraft l^PR Aiicnista 2907 Washintiton Road. Suite Augusta GA 30909 net-^t
Inc- determinedlQ
m 6-667-7300
Penny R A Me 1.1 ,C 1591 Rradlev Park nrive C oluiTihus GA
Suite F6
mM
Philip Russ & Matt 410 Peachtree Parkway Suite Cumming 30041 770-889-0735
CalamariATL PR Ciimniing. 216
LLC t
KatvCioot Cl 1 bson & Ashley 415 Church Street Decatur GA 30030 not yet
C.oot I.LC determined^
0-428-2290
Deb Perlstein 5539 Chamblee Dunwoody Dunwoody GA 30338 404-550 0451
Road
Philip Russ «Sl Matt 9810 Medlock Bridge Road John s Creek GA 30097 404 858-1186
Calamaii ^The Coon Co. Suite 500
JLLC__________________
ADM I 1C Kenne<;nv\ 301S9 678-402-1458
mi
Whitney BerrvHealthv 4420 Foisyth Road Suite 140 Macon GA 31210 478-757-8561
r iviniJ Partners IIP
3600 Dallas Hif^hwav. Suite Maiietta GA 30064 678-742-7031
ii£[
Ashley Havnes ** 13085 Hudiwav 9 North Milton 30004 not vet
Suite 410 determined
Philip -Russ & Matt 405 City Cncle Suite 1620 Peachtree City GA 30269 770-632-8855
Calamari ~rRnrre Fitness.
LLC
Philip Russ & Matt 1155 Woodstock Road Suite Roswell GA 30075 470 268-5412
Calaman HTR R. LLC 705
Brook Na.shPiire Rarre 5521 Abercoin Stieet Suite Savannah 31403 912-665-1129
anah. LLC 500
Pliilip Russ & Matt 1330 Scenic llighw'ay Suite Snellville GA 30078 678-825-2189
Calaman ^PR Snellville. 808, Snellville GA 30078
________________
HiRarre Oahn I I P 4^1 I Waialae Ave rtonoliihi
m mm not vet
HetenninpH
E-6
Pure Barre
2015 052016 TDD | F\ E- List orPrindiistes
This document wasI downloaded
I6S00I from 001franchimp.com.
I22t33a/14jl04
All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Frinchiscc 0>vnc‘i(s) Cit> Stall. Ziji Telephone
Susan Rothman ’*’=i‘Warner srnthman@nureharre com 1 170 Chicago 60607 not yet
West MaHison Street detain I nedll
7-877-5599
Susanna JohnsonPure 720 Waukegan Road Suite J Deerfield 60015 847-914 0755
neerfle.ld T I C
Susanna JohnsenPiire 910 Church Street Evanston 60201 847-491-6245
Rvanston TXC
Brvnn HansonStiidio 26. 500 S Third Street Suite 123 Geneva 60134 630-492-1224
LLC
DEW Fitness Inc ** 2071 Tower Drive Glenview. 60026 nnt vel
HeteViTuneH
Susanna JohnsonPure 20771 N Rand Road Kildeer 60047 847-550-8355
Kildeer T I C
Susanna JohnsonPure 144 W Jefferson Avenue Naperville 60540 630-922-8S0J
Nanerville I.LC
I SP PR HolHmPs Inc *** ')arkridp0il(?/)nLirebarre enm Park Ridpp not vet
determined
Susanna Johm.onPure 33 Rice Lake Square Whe lion 60189 630-933 9303
Wheaton t l C
Donhle A Fitness; ihn.<;dnlp 71 S7 S. Kinperv Hiphwnv I llowhrook 60577 d30'965-1 175
LLC **
726 Adams Street Suite 130 Carmel 46032 317-816 1261
LLC
Frame Road Fitne's^; 1 LC fSSOI F. 1 invd r.\press\\av Fvan.willc 47715 917J455-7768
Suite 2 I
Becky RetriimCiirlv Ton 2. 11501 Geist Pavilion Drive Fisheis 46037 317 436-7243
LLC Suite 112
Three l adies and a Ruck, 43JiC!ia£l£S]toiyn_EQadL_Suiig 47150 871-775-7394
He m
m ■w Albany
Katie-ConaerPureKC. LLC 4945 W 119th Street 66209 30^m-
ft Park 6m-954-
RR I T1 r.
4242_Aj]ihaiSsadQL£afiei^ LA 70508 312r29i-2454
Suite 1 n
Hope ClaySlydiQ-LlA=LL£ 1814 North Causeway r^4andeville 70448 985 674-7577
Boulevard Suite 8 I
■lennifor ThomnsStiidm .1. 701 Metairie Road, Suite 101- Metairie 70005 504^324-9321
LLC 2A
Jennifer ThomnsStudin .1. 3923 Magazine Street New Orleans 70115 504-342-2208
LLC
[.auren Shei man Room. LLC 350 Newbury Street Boston MA 02115 617^-247-5360
Rachel R-ober-ts & Lauren 1333 Beacon Street Brookline MA 02446 617-232-1242
ShcrmanPB Bionkline. Ll.C
Jessica Grasso. N T 82 Burlington Mall Road Burlington MA 01803 781I365-1898
RacheL Roberts & Lauren rachel@purebarre com &. Cambridge MA not yet
Sherman Rachel Roberts lauiens@purebarrc com determined
Anna--& Vicky 3139 Oak Valley Dri\e Ann Arbor Ml 48103 734 76l-53:>0
j-fw4reTiimnns 1 1 f
Onrdnn Hei<sel F orke. f I T •■i39 F I ihertv Street Ann AI bor Ml 48108 not vel
determined
Bedford Wevand 1 LC** lurminphammi@niirehnrre cQ Hjxuiingliaffi MI not vel
determined
Allison WevandRedFord 9418 Village Place Boulevard Brighton Ml 48116 810-225-9335
Wevanrl ITG
Kiersten KemoStuclio Fba- 2107 E Beltline Avenue NE Grand Rapids Ml 49525 616 361 4466
Kemn fir Suite C
Renae Lange-&-Lia 75 Kercheval Avenue #101 Grosse Pointc Ml 48236 313-458 78s7
AmineTwoXiLig-ajiiLA
Barre U.C.
Allison 42972 Grand River Avenue Novi Ml 48375 248-596 0002
Wevand. [J.C
Devon Glass & Dana 3544 Meridian Crossings Okemos Ml 48664 517 347-4772
Drive Suite 160
PR Rochester td.C 432_SoulL^ain_Str£eL_Siiilg Rochester Ml 48307 248-842-6516
JL5Q
Ann Mane GoidosilcPB 30 N Center Road Saginaw MI 48638 989-793-2673
Sapinaw. l.f.G
P R of Annie Valiev. I T G 1 S^Q4 Pilot Knoh Rond AnQle_Val!£Y MN 55124 not vet
3M determined
M^R G.firn Prairie Center Drive Rden Prnine MN 35344 8581344-721 I
Suite 225
Maree-FarretiPR Twin 7101 France Avenue South Edina MN 55435 9521928-3000
Gities U,G #201
Kelsey Rood & Robin 5620A W 36th Sheet Minneapolis MN 55416 952-378-1586
GnrnaechioKMP Health
Wellness UG
A Banducci Barre I,LG 1045 Gland Avenue St Paul MN 55105 651 333-0508
A£tiY£XdiLJngJ wondhiirymnf^niireharre eom Woodhiirv MM not vet
determined
TRAAR r.l G 1740 riaiksnn Road Ghesterfielrl MO 63017 636'591-4499
Laura Roeder & Lauren 124 East Nitong Bouleviid Columbia MO 65203 573-874-9006
Coliimhia. U.G
PRKH HnIHinps M G 1 1684 Mam hester RmH DeS-Egrgs MO 63131 7 14-966-1216
GlistrQusJ-jniileiXQDiQany S526XoilbAffiSjX^_2^iU£ Kansas Gitv MO 6415" 816-912-0864
View Rnarl Suite tOft
luhe Belz, Ellie Williams 8885 Ladue Road St Louis MO 63124 314-721-9300
Heidi YatesHFJ Fund II.
LL£L'
Julie Belz Ellie Williams & 4931 Lindell Boulevard #100 Louis MO 63108 net-yet
Heidi Yales Fund II. determ medal
I.I.G ^_____________________ 4-932-561 I
E-9
1 lire Barri.
^15 052016 TDD | f\ f- List ol rniidii'-t.LS
This document was11001
downloaded 004M
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
221^55/143104
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
frant histc-OwHiM={s) Aildi liss' fc.lv SlatL Tcicphont
BHHany-PiiceBRE I6j Tuitle Cieek Diive laltiesbui^ MS 39402 601-714 1009
Chnstina-Cromwell &
Im
1310 Westover Teirace, Suite Greensboro NC 27408 336 333-3938
105
leim ifei- Rohm son-* * 1 TB 420 East Arlington Boulevaid_ Greenville 27858 252 689 6103
Creenville \ 1 C Suite 1
PR HP r r c ** Drive Suite Kill Point 27265 3361883-1231
m
PR Hnllv Snrinos I I C 248 Ciand I III) Place I lolly SIprin<JS 27540
HetermmeH
Kathrvn MoscovitchLKN 16813 Cian!>ai Road Suite A I luntcisville NC 28078 704-997-6041
Rarre I I C______________
Kathrvn Mosco\ilchl.KN 129 Market Place Drive Mooresville NC 27028 7041360-9901
Rarre I t C
Amr Seien & Denise 1412 Village Mnket Place Moriisville NC 27360 919 377 0299
AdnlrtPR Anev I t C
Ami Seiei & Denise 4209 Lassiter Mill Road Raleigh NC 27609 919-896-7464
AtetePB Anex. I.LC Suite 134
Ann-Seier-& Denise 9660 Falls of Neuse Road, R ileiah NC 27615 919-'846-7090
AhdftPB Anex. LLC Suite 149
E-10
Pun. Burre
3015 0-S20I6 TDD | C\ P - Lim of rnnclii-iuLS
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 001 I3j-t3js/l4il0a
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Fi incliiscc Owiier(s) AtUlrcss' ;itv Stitc Zip Pckphonc
Alexandra Q Rtwike & 1123B Miliiaiv Cutofl' Road AOliningloii NC 28405 910-679 8171
j^atelxn -kwweflAOK Bai i e. Wiliningloii NC 28405
LLL
I 14k Reynolda Vdhge iVinslon Silem NC 27106 336-602 1473
Piedmont 4 i lad 1 I C 1
F.mma ^ Rriltnnv I I C 2900 Pine J_ake R_oad Suite F, I inrnin 402-904-4841
Cmma^ SodorePR. I 4 C 577 North 155th Plaza bmaha NE 68154 402-916-9692
Kristen PanenRisr.PR K 2501 South 90th Street #118 Omaha NE 68124 402-933-5010
Adnenne Boss & Ken 112 Spit Biook Roid. Suite R Nashua NH 03062 not yet
McCarthy **KBOSS. El.C determined 60
3-9^3 5092
RetE Ril-hneier ^’^Healtliv 20 West Mam Street Den VI He OT^Qia not; yet
Investments I I C 34 delermmed97
3-664-9000
Noelle ZnneEI .r.EON, I.I.C 112 Kings Highway East Haddonfield 08033 856-375-2700
Chris Pepe & Ashley Resto aresto@purebarre com & Hoboken 07932 not ^ yet
cne|->e@.Dureharre eem 187 determinedSI
Columbia Turnnike 3-845-9600
Susan Bornie, Beth Flynn 357 Route 9 South Manalapan 07726 732-449-3272
Ellen RionergerPure
Partners I ,T C
Melanie Colman & M0H5 237 Millburn Avenue Millburn NJ 07041 973-379-4537
D'Alessio =i‘*M2 Fitness.
lie
EaRonda Gumm **Wellness 1260 Springfield Avenue #9 New Providence NJ 07974 not |yet
Rssentials I \ C determmed90
8-464-0050
Inhe Closter T I C 141 A KinHeikamak Rond Park Ridpe 07656 not vet
fieteniiined
■lacqiii Aroe-Oiiinton Princeton 08542 not vet
Street determiner!
Melanie Colman & Molly 127 Broad Street Red Bank NJ 07701 732f842-7873
D-AlessioM? Fitness 1 I C
Beth Flynn & Ellen 1200 Third A\enue Spiing Lake 07762 732.449-3272
RippergerPuie Venture. I.IC
Beth Fl>aua & Ellen 708 Noilh Avenue Westfield 07027 908 232 1332
RmnereerPnre Venliircs.
LLC
Raise The Bane. I.l C 223_5outh_£i£eii_^aJj£y5j^ui^ endei son NV 89012 702-558-4149
42A Parkway
Emily Johnson & Lauren 3330 S Hualapai Waj Suite Las Vegas NV 89117 702-525-3454
QiNflol F.y Rarre I 1 C 140
Tiffany Cai-md^'^Stiidio TS 178 5th Avenue Biookl>ai NY 11217 718 623 3300
m:
Tiffany CuiridStudm TC. 266 Couit Street Biooklyn NY 11231 347-S987 3609
U£____________
Becca MeCni thvPortside 204 Wythe Avenue Brooklyn NY 11249 718-384 3481
Crnim LLC
E-11
Purr B irrc
2015 Q320t6 TDD 11\ C - List ot Tr mthisces
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 00-l'l-22-n35/l43l04
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Pi 1IU.I1ISCL 0>vnei(s) A'ldrcss' Cil> State Telephone
Recc.i K4eCai lliv * ' Pni Isicle 225 Fiankim Slieel Biooklyn Biooklyn NY I 1222 7l8-623o300
NY I
GmuD I I r
SkHwnaSR McKie. l.l.f 7660 Tiansil Road Bulfalo NY 14221 716 276-3070
MS4 Fii I I r 19I Sevenih Slieet Cinrclen Cil\ NY 11530 nnl vpI
deteruimed
Jenny Bernholz & Deeiw 1681 Noithein Boulevard Minhassel NY I 1030 516 365-9090
I
CnvnlliPnre Re.siilt.s Lon^
klnnd T l.r
Katharine & Li/ Hamlin khamlin@purebaiie com & New York NY 10014 not yet
^7H Investment's F I C tiiamlin@f>tii ehai le cnin554 detWmined64
Hudson Street (S-744-1142
Trihera PR TIC** I 10 Read Street sjpw York NY 10013 not vet
determined
Sweat Fnintv I I P 1737 SemnH Avenue 4ew York 10065 noti vet
determined
Margo-McCann-**£B 412 Columbus Avenue New Yoik NY 10024 not yet
Tiirmiip Point IT.C determmedO I
7-9*65-2175
F.H Silvern *t‘,e;iirrev PR 80 Pine Street. P' Floor New York NY 4tJOQ^IOO
LLC IS determ ined21
7-785-1777
Leslie Geakley &- Kaitlm 78 Fifth Avenue, 4th Floor New York NY 10011 917-675-1528
Vandur-aEurg^^airgJEiflb,
Avenue T.l C
Leslie Coakley & Kaitlm 1841 Broadway Suite 330 New York NY 10023 917-344-9175
VanduraPure Barre I
_ManhattaD;-Y;I£
Leslie Coaldey & Kaitlm kaitlin@pBf-ebarre com New York NY 10128 Ftot'yet
VnndiimPR Upper Fast Side
LLC ** 1 .exinpton Avenue 6-484-5447
Leslie Geakley &- Kaitlm 5 Windmill Lane #4 Southampton NY 11968 631-353-3064
-VanduraEB-SouthanigtQ^
LLC
Cathy McKie 6789 East Genesee Street Syracuse NY 13066 315, 446-5084
Lon StandenPenelone Lane. 33576 Detroit Road Avon OH 4401 I 440-773-0259
Inc_________________________
Mered i th-Da vis -^Ti fFaiaj 31100 Pmetite Road Suite Beachwood OH 44124 216| 870
lacohsPiireheach. I LC 115 1565
Beth Karzmer & Hannah 1393 Boaidman Canfield Bondman OH 44512 not 'yet
Morrison **Slaii^-Nig]il_by Road. Suite .1 deteri»med21
SFJ.A. LLC 4-2S4-4I SO
Lea WarnerThe Ranieri 3083 Madison Road Cincinnati OH 45209 513-321-5800
GI OLIO LLC
Lea Wa-mer *~’‘The Ranieri 8154 Montgomeiy Road #102 Cincinnati OH 4323.5457 7l3-m22i-
Cl roll n Lie 58002222
Rmilv lohnsonFM .1 960 W 5th Avenue Columbus 011
M____
43212 614 357 5324
ConiDSiiies LLC
Emily .TohnsonF.M 3650 W Dubim-Gianville oliimbiis OH 43235 6141718 3340
Cnmpanips t I C Road
Emily .lohnsonFM .1 180 Maiket Sheet Suite D Columbus OH 43054 614|600-7138
Comnanies;. ] LC
E-12
Pure B lire
2015 OS20I6 TDD | C\ P - List of Pr incInsets
This document wasI downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
168 001 n0-l4-22nj5/l43l04
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
r rniLliistL-Ow nui (*<) Acicli (.sh' State rekphoiK
lont-Gi-een -&-Janna 62 W Hiankim Sticei 5 i^lon ON 4:>4a9 917 515 2876
WilliflmsPiirc Rfirrg D?ivton.
LL C
50 \V Sliectsboio Slit^.1 Hudson Oil 44236 330-801-5397
Inrnly'Piirp lliifl I I f Sillies 3 <S_ 4
loni-Gieen &■ Jnnna o939 Deei field Boiilevnd vhsoii OH 4o040 513-204 1978
W11-t-ia m sO£galgj_LjjiLijjjiaiJ. Suite 101
Fitness I I C
l.nrHStandeftPenelone l.nne. 19940 Dell oil Road Rocky Rivei OH 44116 440-773 0259
Inc.
Maroon Peak InvpsImenU ^157 WesI Central Avenue Toledo 43606 10^-Q4I-7?9I
Erin Anderson Griffith 520 SW Powerhouse Drive Bend OR 97702 54f-678 5478
Suite 150
Allw-GeuckePDX Wolf Pack. 1124 Northwest 13th Avenue Portland OR 97209 503'-894-8623
IT.r______________________
Stenhnnie Richen PR. 1,1 O 1504 Northeast Broadway I^ortland OR 97232 971-202 2696
Oootie Productions TTO ** ^773_Ei££iBi4nsh|irg_A:Y£nu£i Bethlehem 18045 305-338 6968
Unit D102 _Io^gshi£_
Michele-HartungTradewinds 1745 South Easton Road Doylestown 18901 215-491-7873
Canital. l.I.C
6 Dons 1 r r 2Q3=Bliie^^Bi!JC£;^ay 15668 7241-5 19-8571
Melissj DelloyndeKavlee 4000 Washington Road #108 Peters Township 15217 724:941 8663
Rarre 140
NoeHe-ZaneELLEON. 1,1.0 1701 Walnut Street 4th Floor Philadelphia 19103 2671234-7825
MelFiSa DelloyndeThree 1612 Cochnn Rond Pittsburgh 15220 4I2'248 2424
Pimnies. 11 C
Laura DicIcLGJD^SliidiQ^ 5986 Penn Circle SeudrCenlre Pittsburgh 15206 412-1248-3333
LLL Avenue
Danielle Scott **DSP P ttsburgh I 5238 not yet
Fitness. 1.1 C EreggorL^^d detenninedll
2 408-3335
NoeReZaneEI .I EON. I 1C 503 W Lancaster Avenue Wayne 19087 484-588-2628
■Eaur-a- 12091 PeiryHighwn> Wexford 15090 724-719-9191
LLC
PS Tenarilv 1 I C 50_CasL_W^ingMgQd_Rgad Wvnnewnnd 19096 484 231 1078
Jaime & Leslie 2000 Chapel View Boulevard Cianston 02920 401-944-0411
SweeHevPBRl. I I C Suite 125
Jaime & Leslie 1000 Division Street #16 East Greenwich 02818 401 885-2714
SweefievPRRl-ll. TI C
Jen Eettch &r-Jenn 164 Mai ket Street Suite C Charleston 29401 843-606 0559
VannattaPiire Rarre
Downtown T 1 C
■Jen Leitch & Jenn 919 Houston Norlhcult Blvd Charleston 29464 843 606-0559
Charle<;tf>n f T C
E-13
Pure BaiTL
2015 052016 TDD | Cx C - List ol rraiKhistes
This document wasI downloaded
I(S8 001 00-PI22I3 j5/143I04
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Ti a IK li I stL-Ow«H-(i) Address' Ci'y Tclcplionc
Stitc
Randi Sedu-Hga -Jen Leilch 1300 Savmnali I ligliway Chai lesion SC 29407 wot yet
Wcsl dwfehmined84
Ashlev LI r s-813 533?
Addle Fnirey & Anna 2123A Gitene Slice! Columbia 2920O 803-254 0078
sc
Addle Fairey-& Anna 1230 R3A Bowei Parkv\ iv Columbia 29212 803-732 3303
RevHGklsAFAR 2. LLC
Pans Howe & Jane 733 Stockbridge Diive Eoit Mill 29708 803-462-5303
I
JenesITRSC. LLC
1922 Augusta Street Suite Gieenville 29605 864-477-8312
113
l.niiren VVilsonRarre 4. I I L 3722 Pelham Road Greenville 29615 864 477-8312
Hilton HenH. 38 Sheltei Cove Lane #129 Hilton
I
Held 29928 843-785 7888
Island I
K HnlHinp<ii 1 I P I 1897 Hiphwav 707 Murrells Inlet 22526 not vet
Carol Corson & Kelly 1200 E Mam Street Suite 7 Spartanbuig 29307 864-764-1372
KnylowskiFmerpe Pilates.
JJ£______________
330 Franklin Road Suite Brentwood TN 37027 615 278 8991
Hnldmps TI C 137A
AmandnHarlcins Holmes. 1414 Jenkins Road Suite 122 Chattanooga TN 37421 423-468-4960
Tnc.
AmaiidaHarkins Holmes 214 Manufacturers Roulevard Chattanooga 37405 423-580-1162
Inc.
Martha NemerRarre Fitness. 1556 West McEwen Drive Franklin 37067 615 472-1669
LLC
Kimberly Morgan &- Lindsey 7820 Poplar Avenue, Suite 12 Germantown TN 38138 901,-484-0705
Laurenzi & Mnrtmn. I.LC
Lauren Luftman & Lindsey 133 S Forest Park Roulevard Knoxville TN 37919 865-212-0025
PliimmprPR Knoxville 1,1 F.
Kiinbeily Morgan & Lindsey 4700 Spottswood Avenue Memphis 901'766-1882
TN 38117
Laurenzi & Morgan. LT.C
r r^M Collierville LLC 4emnh is noEygl
determined
Sunshine BurnsEB 1970 Medical Centei Paikway Murlreesboio TN 37129 615,-203 3129
Murfreesboro LLC
Kadv-ReckerKnn Venliires 2207-Crestmoor Road Suite Nashville 615'-904-4585
TN 37215
LI C ^0^7101 R^inflvwood Drive
Kad;f Decker- & Sarah Moats 21 White Bridge Road #210 Nashville TN 37203 net-yel
^MoDpck TN LLC delermmed61
5-278-0450
Kady Deckei^ Sarah k-ady@purebafre com & Nashville TN 37203 not-yet
MonlsMoDeek TN. l .F.C ^ sniah@nuiebarre com228 I I ''’
Avenii0 South 5-603 8335
Amanda Kovach. Inc. 972 Village Green Drive Allen 214 383-9235
73013
Deshanda DavisStiidin 2500 NE Gieen Oaks Ailmgton TX 76006 817-652-2920
Firmw. t.l.C Boulevaid Suite 128
Rashanna MossAnani Star. 10710 Research Boulevard Austin 78759 512-574-2344
LLC Suite 316
Denvse KmllSierra Rarie. 2300 Lohmans Spur Suite Austin
TX 78734 512-574-3348
LLC 186
E-14
Piiri. Barrc
jOt-5 052016 TDD | Cs f - Lisl of fr inchisecs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Fi diuliiscL Q>mict(s) Address' Cit\ State Tdtphoiic
Rnslwnnn MossAnani Stai. 3267 Bee Cases RokI \iislin T\ 78746 s12 574 8644
LLC
BarieOunn I I C I s75 Cy]-)!P'sS Cleek Road edni Paik 7861s 'll 7-SQQ-767Q
Suite H
Weir Friends LI C 4717 Cnllevvillp RIvd 4 I sf) C oliewille 76034 214 507-1851
MinimnI Movement I I C Cnpnell 7iQ19 072-771-7873
Suite 107
Oiippn Nefprhti VVellne.'s^ QQ?S Rnrlcpr Pviirpsis; Sintp IX 77433 nol yet
flplLriniiipH
fne **
Beth SloiiL-liPB Untown. m__________
3700 McKinney Avenue Dallas TX 75204 214-521-6600
LLC
Beth-SlcHirdiPB Partners. 5919 Greenville Avenue Dallas 75206 214-361 2882
LU£______________
Britta-LoferewPiire 6025 Royal Lane #203 Dallas 75230 469-930 5755
I alcewnnd I I C
Giselle Cnfford Pure i m 5000 Belt Line Roid #200 Dallas TX 77254 972-661-2876
LLC
Betftl.TB GLIhT.LC 1400 South Loop 288 #116- Denton 76205 not-yet
Denton, TX 76205 determinedM
0 600-4012
5610 North Desert Boulevard El Paso 79912 915-875-0031
AtwAVetflTB FM. LLC 5801 Long Prairie Road, Suite Flower Mound 75028 972 539-3065
825
Kelsey TnrtnrigiSteher PB. 6333 Camp Bowie Boulevard Fort Worth 76116 817 677-8731
LLC Suite 220
■lessiea Miller.lesler Gmun. 5570 FM 423, Suite 500 Frisco 75034 214-469-1147
LLC
Taylored FrafsenDietetics. 1948 West Gray Street Houston 77019 713-524-2690
___________________
PB West II I rC ** Hniistnn IX 77005
2429 I Iniversitv RIvd 832 ,804-7456
Dorv-BlackevPB The 1436 Studewood Street rtoListon TX 77008 832 831-5071
Heights I I C
Rashanno Moss & Kathryn 1379 South Voss Road Suite Houston 77057 713-784-7873
■I lolleHTOnAnaai-StaLJLLC B
NRNK Investments IT C filft] North fs/fnp?^r!hiii Irvimz IX 75309 not vet
Suite 140 determined
Tive 23501 Cinco Ranch Boulevard Kaly 77494 2811-394-9000
Wellness I T C dl20
Lrainn—Staronf.emon Rai re. 4505 98th Street Lubbock TX 79424 806' 698 6300
JLLC
Amnndn KnvnHi (tR40 Viioinin Pflrkvvnv Siiiip ISllcKi 75071 2I4'-592-9471
115
3450 C Hcbion Paikway Plano TX 75010 972-248-6161
Jov LLC Suite 116
1P8 Stone 1 I C 810S Pre'=;ton Rond EktiQ 75024 nol \et
determined
Hershev Rarre I 1 C ^ Richardson@piiiehnrrt mm Richardson IX not vet
determined
Kelly Price & Courtnev 21019 US Highwiy 281 San Antonio TX 78258 210-529 1728
Stanton & Price. LLC North Suite 33
Lindsev-AVhitePI. Blondie. 480 W Southlake Bouleaard Southlake 76092 817 488-7434
LLC Suite 131
E-15
Phil BarfL
3015 052016 TDD | Fx C - List of I ranchiSLcs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1 1001 00-tM32 1335/143104
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
n JiichiscL Qwni‘i(s) Addi css' Cih St itc Telephone
Jjimee Myeis & Ilearhei (SOOO Reseaich Poiest Dii\e TIil Woodliiids TX 77382 281-298-8998
Srmders RoberlsonBaiie #I 10
Monies LLC
Rniie Monies LLC IQSO Hiiphes Lnnfhnp Rlvfl rriie Woodlnnfls 77'^^80 S3? 823 47s0
Suite 1600
Jannee Myers & Heather tfH+fteeIvlgt@pui ebai i e eem TX not yet
Sandeis RobertsenThe cS. heatheis@puiebarie com aVoixIL-wdsTvIei dctei mined
DoiJwriod Trad I d C
■Slenhanie BlodsettPiire 280 East 12300 South Suite Draper 84020 801-523 6210
Rarrellfah T IT 104
Susanna -Has.se-Eubank 1708 West Uinta Street #2 Paik City UT 84098 435-214 7430
Resniirees- T J.C
Katie Shearin (fe-Chip 429 lohn Carlyle Street Alexandiia VA 22314 703-303-8146
Christianson Alexandria
rCarlvIet PR I l.C
Katie Shearin & Chip 1024 North G irlield Stieet ,\i lington VA 22201 571-319-0588
Courtney Miller ^L&M emillei-@nurebarre com 19825 Ashburn VA 20147 notj yet
Studios l ie Relmonf Chnse Drive, ^nife determinedSQ
J2l S-V-:tQ-7097
Anay Jo Bright & Chip 2200 Old Ivy Road Charlottesville 22903 434-245-1119
Chrir.tiansonPiire Rarre
^hailQU£syil|fi3;iI£__
F.r-m-RhamstineBarre 733 Eden Way North #406 Chesapeake VA 23320 757-842-4288
Chesaneake. Id.C______
Rroolce SidesPR Fairfax. 4201 Rtdge Top Road Fairfax VA 22030 703-591-3270
LLC
GMFlMCFni 1 I I C ** S680 Kinp Center Drive Kmastowne 22315 303-867-3187
Suite IDO
PR I ppsbiirrr r 1C Leesbiirt? nQtjyet
determined
Chip Christianson 6825 Redmond Drive Suite E McLean VA 22101 703 761-2228
Barre Midlo LLC ** juidlgthjan^gutgharKXQm Midlothian not Ivpt
Efieka Foster & Deanna 320 West 21 St Street Norfolk VA 23517 757-333-7393
Graham Rarre One LI C
Brooke Sides **PB Fairfax. 12975 Highland Crossing Res ton VA 20171 not jyet
LLC Dri\e Suite R detei mined57
1-287 7271
Giacie McGurn & Chip 4017 Lauderdale Drive Richmond VA 23233 804 918-2568
ClmstiansonRichmond
rShort PiimnlPR. Id.C
Sarah I owRVA Rarre LI C 623o Ri\er Road Richmond VA 23229 804U77 6036
Traci DorityDancmn Turtle 5036 Keagy Road Suite 202 Roanoke VA 24018 540'904-7446
LLC
Second Rest I I C * '• soiilhi idinn@niirebarre com S'oiilh RiHinij
deteVr
PR Vienna. LLC f West V lenna 22180 703-^281-4100
Erteka Foster & Deanna 741 Fust Colonial Road Suite Viigima Beach VA 23451 757 422-2220
GrahamRarie One. LLC 104
CW Barre I T C 5231 Monticello Ave Suite R vitdl lamsbiirir YA 23d 8 8 757'37S 2476
E-16
Pure Barre
3015 Qa20l6 TDD j T\ T - List of fr inchisi.es
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1 16S 001 00I-133-I3r5/I4jl0a
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Ft tii<.liiscL Ovviiei (s) Adciri^s' Cil\ Slate Telephone
NOTES
'/ If a studio addiess has not been established as ot December 3 1, 30-142015. we have
indicated the franchisee’s c-mail addiess
Fianchisees that have signed a Pure Baire franchise agieement, but aie not yet
opeiating as of December 31, 20142015
t Fianchisees that have signed multi-unit development agieements
E-17
Pure B lire
2AF>-0520I6 rOD I Cm C - List of rrinehisces
This document wasI downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
168 001 0Q-l'l23niVI4jl04
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Fianchisees That Have Left the System as ut PeLem jer 31. 201S. oi Not Commiinicpted
within 10 Weeks oi the Issuance Date of he Disclosiiie Document
Stat
Cit\ c Tcicphont Reason Comments
Knrn PearlmnnPiire 4S GAA 70^-001 n'^QS Terminated!
Rarre Anhnrn 1 1 T RdOfehAiihii L ransfer
M________ 73^2242
Chelsea-Gregoi vPB T Huntington &AA 3442M-3T62M- Tiansfer alse-transferred ownership oF Irvine,
town LLC BenchT usca L 900+2122 CA-location in same deal as
lonsa Huntington Beach -€A
Fmilv s Health and 408-4.7S 6RI 1 Tr
Fitness. l.I.C
Lon AllenPiire Barre San Diego (U9760-396R87 Transfer
Hillcrest TIC 03002245
Alexandra and Jerdan Edvvar-ds.Ioh CQG 970404-100822- Transfer
GoncharoFATf. PB n’s Creek A +1+00625
John <s Creek IT.C
ATT Peachtree Cilv LLC Peachtree 404-S77 007S Transfer
If you buy this fianchise, youi contact infomiation may be disclosed to othei buyeis when
you leave the fianchise system
E-18
PiMi. Barre
201-5-052016 TDD | Tx f - List uf rianchisees
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 001 143-^75/14310-1
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT F
Puri. Burn.
2015 0:)2016 TDD | f\ P - 1 OC tor Opcr itions Manuals
This document was
I downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
16S 001 004^t-22-lj45/143IPS
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(0) pure barrel
lifr one Juin
1 able ot Contents
F-1
Pun. Bam.
^15-6^2016 FOB I C\ F-TOC lor Optntioiib Manuals
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 001-1221 >IVI43106
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT G
Pure 13 lire
052016 FDD | P\ G - St ite ALU1CIL^
1 168
This document was 001 00-1'-I22I3‘^5/M3I06
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
STAIL ACENCIES/AGFNTS FOR SERVICE OF PROCESS
Listed heic aic the names addi esses and telep lone numbeis of the state agencies
having lesponsibility foi the fianchising disclosuie/iegisliation laws Wc may not yet be
legisteied to sell fianchises in any oi all of these states
CALIFORNIA HAWAII
Olficc of the Attorney Gencial Office of the New Yoik State Oepaitment of
Scciiiitics Division LawAllQLQ£y_G£Ociiai
200 St Paul Place Buieau-of Invcstoi Protection Riiieaii
Baltimoic Maryland 21202-2021 ^CCLll itlCS
(410) 576-6360 120 Bioadwav. 23'^' Flooi
New\{ork New York 10271-0332
(agent foi set vice of pioccss) (212) 416-SOOa8236 Phone
(212’) 416-6042 Fax
Maiyland Secuiitics Commissioner
at the Office o( the Attorney Gencial (agent foi service of pioccss)
Securities Division
200 St Paul Place Attn. New York Sccictaiy of State of-New
Baltimore, Maiyland 21202-2021
(410) 576-6360
Dnp rinnimorrf'
MICHIGAN
Albanjl, New York 12231-0001
(state admimstiator) (518) 474473-4:7402492
G-1
Pure Birre
20lj 0S20I6 TDD | G - St tie Alcikils
This document wasI downloaded
168 001 001from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1221335/143106
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
SOUTH DAKOTA VIRGINIA
(state admmistiator)
WISCONSIN
G-2
Pure Banc
gPI't 052016 TDD | f\ G - Si ilc A-cnuc;,
I I6S00I
This document was downloaded00-M22I-!■'5/143106
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT H
Pure Burre
jOtJ Q'^2016 TDD 1 Tv 11 - Suie Addend i/Riders
I 168
This document was 001 00PI22'I365/M3IQ7
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ADDITIONAL DISCLOSURES FOk THE
FRANCHISE DISCLOSURE DOCUMENT OE
PB FRANCHISING, LLC
The tollowing aie additional disclosuicb toi the Fnnchisc Diselobiiic Douimcnt o1 PB
Fianchising, LLC lequiied by vanoiis state fianchise laws Each piovision ot these additional
disclosuies will only apply to you il the applicable state fianchise icgistiation and disclosuie
law applies to you
CALIFORNIA
3 OUR WEBSITE, www purebarre comwww nurebarie com. HAS NOT BEEN
REVIEWED OR APPROVED BY THE CALIFORNiK DEPARTMENT OF BUSINESS
OVERSIGHT ANY COMPLAINTS CONCERNING THE CONTENT OF THE WEBSITE
MAY BE DIRECTED TO THE CALIFORNIA DEPARTMENT OF BUSINESS
OVERSIGHT AT www dbo ca -gov www dbo ca gov
Neithei we, our patent, predecessoi oi affiliates ni^i any person in Item 2 of the
Disclosure Document is subject to any currently effective oidei ot any national
securities association oi national sccuiities exchange, as defined in the Securities
Exchange Act of 1934, 15 U S C A Sections 78a ct seq , suspending oi
expelling such peisons trom membership in that association oi exchange
California Business and Piotcssions Code Sections 20000 thiough 20043 provide
lights to the tianchisec and multi-unit develope concerning teimination oi
nonienewal of a tranchisc If the Fianchise Agreement oi Multi-Unit
Development Agieement contains a pi ovision that is inconsistent with the law,
and the law applies, the law will contiol
H-l
Puri. U ira
2015 0*^2016 FDD | C\ 11 - St iIl Aildtnd i/Ritlus
This document wasI downloaded
168 001 from
00lfranchimp.com.
l22h6S/l43l07All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
I he Firinchisc Agitcment and Muiti-Ljn,t De\eli jpiiient Agieement contain a
co\cnant not to compete that extends beyond tein ination ot the hanchisc This
piovision might not be enfoiceable iindei Califoinia law
H-2
PuiL Bairc
3015 052016 rOD | C\ II - St iIl AdiJtncI i/RicIcrs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ILLINOIS
Illinois law governs the agieemeiits between the paitics to this hanchise
Section 4 of the Illinois Franchise Disclosme Act Diovides that any piovision
in a fianchise agieemcnt that designates juiisdiction oi venue outside the
State of Illinois is void Flowevci, a franchise agiecment may provide foi
aibitiation in a venue outside of Illinois
MARYLAND
I The followmg is added to the end of the “Summary” sections of Item 17(c),
entitled “Requirements for franchisee to renew or extend” and Item 17(m), entitled “Conditions
for franchisor approval of transfer”
2 The tollowing is added to the end ot the “Summary” section ot Item 17(h),
entitled “‘Cause’ defined - non-curable defaults”
3 The following sentence is added to the enc ot the “Summaiy” sections of Item
17(v), entitled “Choice of foi urn”
You may bung suit in Maryland foi claims ausing undei the Maiyland Franchise
Registiation and Disclosuie Law
You must bung any claims arising undei the Maryland Fianchise Registiation
and Disclosure Law within 3 years after the giant of the franchise
H-3
Pun. BdiiL
2015 0>20I6 TDD | Cx II - Suit Adiiuidi/RKLrs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 168 001 001122 1365/142107
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
MINNESOTA
Piovided you have complied with all piovisions of the Fianchise Agicement and
Multi-Unit Development Agieement applicable to the Maiks, we will piotect
youi rights to use the Maiks and we also will indemnify you from any loss,
costs 01 expenses fiom any claims, suits oi demands legaiding youi use of the
Maiks in accordance with Minn Stat Sec 80C 12 Subd 1(g)
Minn Stat Sec 80C21 and Minn Rule 2860 4400(f) might prohibit us
from requirmg litigation to be conducted outside Minnesota, lequiring waivei of
a juiy trial oi leqiiiring you to consent to liquidated damages, termmation
penalties oi judgment notes In addition, nothing in the Franchise Disclosuie
Document, Franchise Agieement or Multi-Unit Development Agreement can
abrogate or ieduce any of Franchisee’s oi Multi-Unit Developei’s lights as
provided for in Muinesota Statutes 1984, Chapter 80C, oi your rights to any
procedure, foinm or lemedies piovided toi by the laws of the jurisdiction
Those piovisions also provide that no condition, stipulation oi piovision in the
Fianchise Agreement oi Multi-Unit Development Agieement will in any way
abrogate or leduce any of youi lights under the Minnesota Fianchises Law,
including, if applicable, the light to submit matteis to the jurisdiction of the
couits ot Minnesota
H-4
PiifL Banc
:01a 052016 rOD | r\ ll ^ sntc Adduxli/Ridcrs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
NEW \QRK
Except as piovided above, with legaid to us, oui| paient, affiliates, the persons
identified in Item 2, oi an affiliate ofTeiing fianchises under oui piincipal
tiadcmark
H-5
Puri. B irrt
gO-l-5 0^2016 TDD | C\ 11 - Sntc Addcndi/RiclLis
This document wasI downloaded
168 001 from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
00PIJ:I-6VI43I07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
C No such |)ciiy IS subject [o d cunently efle iJijLinctive 01 lestiictive oidti
01 dccicc relating to the tianchise, oi iindei a Fcdcial State oi Canadian
tianchisc secuiities, antitiiist tiade legulation oi tiadc piactice law
icsLilting tiom a concluded oi pending action oi piocceding bi ought by a
public agency oi ib subject to any cur ently eftectivc oidei ot any
national sccuiities association oi national secuiities exchange, as defined
in the Secuiities and Exchange Act of 1934 suspending oi expelling such
pci son fiom membership in such association or exchange, oi is subject to
a cunently effective injunctive oi lestiictile oidei ielating to any othei
business activity as a lesult of an action oiought by a public agency oi
department, including, without limitation actions affecting a license as a
leal estate brokei or sales agent
4 The following is added to the end of the “Summaiy’ sections of item 17(c),
entitled “Requiiements foi fianchisee to icnew oi extend’ and Item 17(m), entitled “Conditions
foi fianchisoi appioval of tiansfei”
Howevei, to the extent lequired by applicable law, all lights you enjoy and any
causes ot action arising in youi favoi fiom the provisions of Article 33 of the
General Business Law of the State ot New Yoik and the legulations issued
theieundei shall lemain in foice, it being the intent of this pioviso that the
non-waivei piovisions of Geneial Business Law Sections 687 4 and 687 5 be
satisfied
5 The following is added to the end of the ‘Summaiy” section ot Item 17(j),
entitled “Assignment of contiact by hanchisoi ’
I
Any icpiescntations oi pioniiscs outside the Disclosuic Document may not bei
cnfoiceable
7 The following is added to the end of the Summaiy’ sections of Item 17(v)
entitled “Choice of foium” and Item 17(w), entitled “Cho cc ot law”
Howevci, the governing choice of law and choice of toium shall not be
consideied a waivei of any right confciied upon you by the piovisions of Aiticle
33 of the Gcneial Business Law of the State of New York
NORTH DAKOTA
1 The following is added to the end of the “Summaiy” sections of Item 17(c),
entitled “Requiiements for franchisee to lenew oi extend and Item 17(m), entitled “Conditions
for franchisor approval of transfer”
2 The following is added to the end ot the “Summary” section of Item I7(i),
entitled “Non-competition covenants after the franchise is teiminated oi expires’
3 The following is added to the end ot the “Summaiy” section of Item 17(t),
entitled “Integiation/meigei clause”
4 rhe “Summaiy” section ot Item 17(u), enti led ‘Dispute lesolution by aibitiationl
OI mediation” is deleted and leplaced with the following
To the extent lequiied by the Noith Dakota Fraichise Investment Law (unless such!
lequiiement is pieempted by the Fcdeial Arbitiation Act), aibitration will be at a site to
which we and you mutually agiee
6 The ‘Summai7’ section ot Item I7(w), er titled Choice ot law’ is deleted and
leplaced with the following
RHODE ISLAND
1 The following language is added to the end of the “Summaiy” sections of Item
17(v), entitled “Choice of toium” and 17(w), entitled “Choice ot law”
Section 19-28 1-14 of the Rhode Island Franchise Investment Act provides that
“A provision in a franchise agreement lestricting juiisdiction oi venue to a foium
outside this state oi requiring the application of the laws of anothei state is void
with lespect to a claim otherwise enforceable under this Act ”
H-8
I’lirL B^rrc
301-3-012016 TDD | C\ II - ShIl Adduida/RidLrs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
VIRGINIA
1 The following language is added to the end ot the ‘Sunimaiy seel ion ot|
Item 17(c) entitled ‘Teimination by hanchisoi without et use I
WASHJNGTON
H-9
PiirL Barre
201 > OS2016 TDD | E\ 11 - Slate Addend i/Ridere
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1168 001 00r-l221365/l4al07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
THE FOLLOWING PAGES IN TH S EXHIBIT ARE
STATE-SPECIFIC RIDERS TO THE
FRANCHISE AGREEM ENT
Pure Barrt
3013 032016 FDD | F\ II - Stitt Atidtndi/Ridtri
I downloaded
This document was 168 001 Q0r-I33b66/I43l07
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO THE
FRANCHISE AGREEMENT
FOR USE IN ILLINOIS i
THIS RIDER IS made and cntcied into by and bejtwecn PB FRANCHISING, LLC a
Delawaic limited liability company with our piincipal business addiess at 100 Dunbai Stieet,!
Suite 301, Spaitanburg, South Carolina 29306 (‘^”) anc
2 ILLINOIS LAW The following paiagraphs aie added to the end of the
Franchise Agieement and supersede any conflicting provisions in the Fianchise Agreement
Illinois law governs the agreements between the parties to this franchise
Section 4 ot the Illinois Franchise Disclosure Act provides that any pi ovision in
a franchise agieement that designates jurisdiction 01 venue outside the State of
Illinois IS void However, a fianchise agreement may provide foi aibitration in a
venue outside of Illinois
Section 41 of the Illinois Franchise Disclosuie Act piovides that any condition,
stipulation, 01 piovision purporting to bind any person acquiiing any franchise to
waive compliance with the Illinois Fianchise Disclosuie Act oi any othei law ot
Illinois is void
Puri. B irri.
201-5- 0:>20I6 POD | C\ 11 - Sl iic Adduida/Ridas
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
IN WITNESS WHEREOF the pailics have executed and dcliveied this Ridei on the
dates noted below to be effective as of the Effective Date of the Tianchise Agi cement
FRANCHISOR FRANCHISEE
Name
Title
Date Date
Pure 1} iiTL
3013 052016 TDD | P\ 11 - Si iti. AdduKld/RiclLrs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO
FRANCHISE AGREEN ENT
FOR USE IN MARYLAND ;
I
THIS RIDER IS made and entcicd into by and between PB FRANCHISING, LLC aj
Delaware limited liability company with oui piincipal busness addiess at 100 Dunbai Stieet
Suite 301, Spaitanbuig, South Caiolina 29306 (“we”) anc
BACKGROUND We and you aie parties to that certain Fianchise Agi cement}
dated __________ _____________ , 20______ (the “Fiaichise Agieement”) This Ridci isj
annexed to and foims pait of the Franchise Agi cement This Ridei is being signed because'
(a) you aie domiciled in Maryland, and/oi (b) the Pure 3aiic Business that you will opeiate^
Lindei the Franchise Agi cement will be located in Mainland
Clause 14 3(iii) may not be enforceable undei federal bankiuptcy law (11 U S C
Sections 101 et seq )
You may bung a lawsuit in Maryland foi claims arising undei the Maryland Fianchise
Registration and Disclosuie Law
You must bung any claims aiising undei the Njlaiyland Fianchise Registiation and i
Disclosuie Law within 3 yeais aftei we giant you a the fianchise
Pine B me
301-5-052016 TDD 1 C\ II - St ile AdduidVRiders
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S 001 004'|j3 lj65/l4il07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
16 17 AcknowlLdmnenlb All lepicscntiliun^ iquiiing you to assent to a
icleasc estoppel oi vvaivti ol liability aie not intended to noi shall they aet as a
lelease estoppel oi waivci of any liability un du the Maiyland Fianehise
Rcgistiation and Diselosuie Law
IN WITNESS WHEREOF the paities have exeeuted and delivered this Ridei on the
dates noted below, to be effective as of the Effectse Date of the Fianchisc Agreement
FRANCHISOR FRANCHISEE
Name
Title
Date Date
H-2
Pure Li ira
304-' 6^2016 TDD | II - Sua Adduidi/Riclcrs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RJDER TO THE
FRANCHISE AGREEMENT
FOR USE IN MINNESOTA
THIS RIDER IS made and entered into by and between PB FRANCHISING, LLC a
Delawaie limited liability company with oui principal business addiess at 100 Diinbai Stiect, ,
Suite 301, Spaitanbuig, South Caiolina 29306 and
Provided you have complied with all provisions of this Agieement applicable to
the Marks, we will protect your right to use the Marks and will indemnify you
from any loss, cots oi expenses arising out of any claims suits oi demands
regarding youi use of the Maiks in accoi dance with Minn Stat Sec 80C 12,
Subd 1(g)
I iiri. Baire
201032016 TDD | C\ II - Si itc Adcluul i/Ridus
This document was1 downloaded
I6S 001 00-I'I22I<65/143I07
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
5 REMEDIES QT'iER THAN TERMIN \r50N The lollowing language is
added to the end of Section 14 5 of the fianchise Agiecment
We and you acknowledge that ceitain paits of this piovision might not be
enfoiccable undei Minn Rule Pait 2860 4400(J) Howevci we and you agicc
to cntorce the piovision to the extent the law allows
We and you acknowledge that ceitain paits ot this piovision might not be
enfoiceable undei Minn Rule Pait 2860 4400J Howevei, we and you agiec to
enfoice the provision to the extent the law allows
CONSENT TO JURISDICTION
7 The bllowing language is added to the end
ot Section 15 2 of the Franchise Agreement
Notwithstanding the foiegoing, Minn Stat Sec 80C21 and Minn Rule 2860 4400(J)
prohibit us, except ui certain specified cases, from requiring litigation to be conducted outside
of Minnesota Nothing in this Agreement will abrogate or reduce any of your lights undei
Minnesota Statutes Chapter 80C or your rights to any procedure, forum or remedies that the
laws of the jurisdiction provide
Nothing in this Agi cement will abrogate oi reduc : any of your i ights under Minnesota
Statutes Chapter 80C oi your light to any proceduie, fo urn 01 lemcdies that the laws of the
juiisdiction piovide
10 WAIVER OF JURY TRIAL It and then only to the extent lequiied by the
Minnesota Fianchises Law, Section 15 6 ot the Fianchise Agreement is deleted
H-2
Pure Barre
■2915 »52016 rOD I E\ 11 - Si lU Addciida/RKieis
I 16S 001 00-4'1-23-1165/143 107
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
[N WITNESS WHEREOF Ihc paitics have execiilcd and dclivcied this Ridci on the
dates noted below to be effective as ol the Effective D<: te oi the Fianchise Agieement I
FRANCHISOR FRANCHISEE
Name
Title
Date Date
Pure Bnric
3fllS-Qa2QI6 TDD | C\ II - Sute Addeiida/Rideri,
This document was downloaded
I 16S from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
001 001M32U6S/I4U07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO THE
FRANCHISE AGREEMENT FOR USE IN THE
STATE OF NEW YORK j
I
THIS RIDER IS made and enteicd into by and between PB FRANCHISING, EEC, a
Delawaie limited liability company with oui piincipal buiiness addiess at 100 Dunbai Stieet
Suite 301, Spaitanbiiig, South Caiolina 29306 (and
Notwithstanding the foregoing all rights enjoyed by you and any causes of action
arising ui youi favor from the provisions of Article 33 of the General Business Law
of the State of New York and the regulations issued thereunder shall remain in
force to the extent lequired by the non-waivei provisions of GBL Sections 687 4
and 687 5, as amended
4
TERMINATION BY YOU The following language is added to the end of
Section 14 1 of the Fianchise Agreement
You also may teiinmate this Agieement on any grounds available by law undei
the piovisions of Aiticle 33 of the General Business Law of the State of New ,
Yoik
This seetion shall not be consideied a waiver of any light confened upon you by
the piovisions of Article 33 of the New York State Geneial Business Law, as
amended, and the legulations issued theieundei
IXifL Bnrrc
^0l5 0~>201(i rOD I r\ 11 - Sl Hc Addi.nda/Ridi.r!,
This document wasII6S
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
001 00-l'l23-iy)VI43l07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
GOVERNING LAW The tollowins statement is added at the end of
Section 15 4 ot the Fianchisc Agieement
1 his section shall not be consideied a waivei ot any light conieiied upon you by
the piovisions ot Aiticle 33 ot the New Yoik State Geneial Business Law, as
amended, and the legulations issued thcieundei
7
ENTIRE AGREEMENT The tollowing sentence is added to the end ot
Section 16 4 of the Fianchise Agreement
IN WITNESS WHEREOF, the parties have executed and deliveied this Rider on the
dates noted below, to be effective as of the Effective Date of the Fianchise Agieement
FRANCHISOR FRANCHISEE
Name
Title
Date Date
H-2
Pure B irrt
3(H-> 052016 rOD | E\ II - Stale Addcndn/Riclers
This document was116Sdownloaded
001 from
QO-n franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
231363/143107
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO THE
FRANCHISE AGREE VIENT
FOR USE IN NORTH E A KOTA
THIS RIDER IS made and enteied into by and between PB FRANCHISING, EEC, a
Delawdie limited liability company with oui piineipal business addiess at 100 Diinbai Stieet,
Suite 301, Spaitanbuig, South Caioluia 29306 (“^”) ar
3 REEEASES The following is added to the end of Sections 11 1(h) and 12 2(j)
of the Franchise Agreement
We and you acknowledge that certain parts of this provision might not be
enforceable undei the North Dakota Franchise In /estment Law Howcvei, we
and you agiee to enfoice the piovision to the exte It the law allows
Pure Bnrrc
2013 032016 TDD | I x 11 - Sl iii. Addend i/Riders
This document was11001
downloaded 00-IM221365/143107
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Wc and vuu agiec diat ull tontiovusics disputes oi claims between us and oui
aftiliatcs and then icspectivc shiicholdcis olficeis diicelois agents and employees and you
(and yoLii Owncis guaiantois, al-filiatcs and employees) aiising out of oi ielated to
(c) the scope and validity ot this Agieement 01 any othei agieement between you
and us or any piovision ot any of such agi cements (including, but not limited to,
the validity and scope of the arbitiation obligations undei this Section 15 1
which we and you acknowledge is to be deteimined by an aibitiator, not a
COUlt), 01
must be submitted tor binding aibitiation, on demand ot either party, to the American
Arbitiation Association The aibitiation pioceedmgs will be conducted by one arbitiator and'
except as this Section otherwise provides, according to the then-current Commercial
Arbitration Rules of the Aineiican Arbitration Association All proceedings will be conducted
at a suitable location chosen by the arbitrator within 5^ miles of our then-current principal
place of business (currently, Spartanbuig, South Caiolina), provided, however, that to the
extent otherwise required by the North Dakota Franchise Investment Law (unless such a
requirement is pieempted by the Federal Arbitiation Act), arbitration shall be held at a site tol
which wc and you mutually agiee All matteis relating to arbitration will be governed by the
Federal Aibitration Act (9 U S C 1 ct seq ) Judgment upon the arbitrators award may be
enteied in any couit ot competent jurisdiction
7
GOVERNING LAW Section 15 4 ot the Fianchise Agieement is deleted and
leplaced with the following
The statutes of limitations undei Noith Dakota Law applies with lespcU to
claims diising iindet the Noith Dakota franchise nvestment Law
Nothing in this or in any i elated agi cement, howevei is intended to disclaim the
lepresentations we made in the Disclosuie Document that we furnished to you
IN WITNESS WHEREOF, the paities have executed and delivcied this Ridei on the
dates noted below, to be effective as of the Effective Date of the Franchise Agieement ]
FRANCHISOR FRANCHISEE
Name
Title
Date Date
Pure B irrv.
201-' 052016 rOD | F\ II - Si ite Aclduidi/RiclLis
This document wasI downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I6S00I 00ri221j6S/l4H07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO THE
FRANCHISE AGREE MENT
FOR USE IN RHODE ISLAND
I HIS RIDER IS made and cnteied into by and between PB FRANCHISING, LLC,
Delaware limited liability company with oui piincipal business addicss at 100 Dunbai Stieet
Suite 301, Spaitanbiirg, South Caiolina 29306 ( we’) and
Section 19-28 1-14 of the Rhode Island Franchise Investment Act provides that
“a provision in a franchise agreement restricting jurisdiction oi venue to a forum
outside this state or requiring the application of the laws of anothei state is void
with lespect to a claim otheiwise enforceable under this act” To the extent
requu^ed by applicable law, Rhode Island law wil apply to claims arising undei
the Rliode Island Fianchise Investment Act
Pure B irrt
3013 Q120I6 TDD | Cx 11 - St il>. Addenda/Ridcrs
This document wasI downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
168 001 004-1321363/141107
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
IN WITNESS WHEREOF, ihe paities have e\ ecLited and deliveicd this Ridei on the
dates noted below to be effective as oi the Elective Date of the Fianchise Agicement
FRANCHISOR FRANCHISEE
Name
Title
Date Date
Pure Burn.
■2015 052016 rOD | f\ II - Si ile Acldendi/Riders
This document was116S001
downloaded 0Q'I1221 j65/I43107
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO TtiC
FRANCHISE AGREEIVIENF
FOR USE IN WASHINGTON
THIS RIDER IS made and enteicd into by ind tetween PB FRANCHISING, LLC a
Delawaie limited liability company with oui piincipal business address at 100 Dunbai Stieet
Suite 301, Spartanbuig, South Caiolina 29306 ) and^
2 WASHINGTON LAW The foliowuig paragraphs are added to the end of the
Franchise Agreement
The State ot Washington has a statute, RCW 19 100 180, which might
supersede this Agieement in youi lelationship vv ith us, including the aieas of
termination and lenewal of your franchise Thete might also be couit decisions
which supersede this Agreement in youi relationship with us, including
termination and renewal of youi franchise
In the event of a conflict ot laws, to the extent lequired by the Act the
piovisions of the Act, Chaptei 19 100 RCW, shall pievail
To the extent requited by the Act, tiansfer fees are collectable to the
extent that they leflect oiii leasonable estimate oi actual costs in effecting a
transfei
I’lirc Uarre
2015 032016 TDD 1 Tx I! - Sutx AddtntlVRidLrs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6S001 00n^2-l365/l43107
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
In any aibitiation inxo'ving a liandiK’ puichabtd in Washington the
dibitiation site shall be eithei in the State of Washington oi in a place mutually
agiecd upon at the time of the aibitiation oi as cietennined by the aibitialoi
JIN WITNESS WHEREOF, the parties have executed and deliveied this Ridei on the
dates noted below, to be effective as of the Effective Date of the Franchise Agi cement ^
FRANCHISOR FRANCHISEE
By_
Name
Title
Date Date
H-2
Pure Barre
3013 0^20Ifi TDD I C\ II - Stale Adcltnda/Riders
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I I6S 001 001 I22 U65/I41I07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
THE FOLLOWING PAGES IN THIS EXHIBIT ARE
STATE-SPECIFIC RIDERS TO THE
MLLTI-LNIT DEVELOPMENT AGREEMENT
Pun. B im.
2QI5 052016 TDD | P\ II - Si ilc Adderuli/Ritlcrs
116S
This document was 001 001'I221
downloaded j63/143I07
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO THE PB FRA\C USING, LLC
MULTI-UNIT DEVELOPMFN AGREEMENl
FOR USE IN ILLINOIS
T HIS RIDER It. made and enleicd into by and tietween PB FRANCHISING, LLC, a
Delawaie limited liability company with oui pnncipal business addicss at 100 Dunbai Stieet
Suite 301, Spaitanbuig South Caiokna 29306 (‘we”) and
2 ILLINOIS LAW The following paiagra[)hs are added to the end of the Multi-
Unit Development Agreement and supersede any conflicting provisions in the Multi-Unit
Development Agreement
Illinois law governs the agreements between the parties to this franchise
Section 4 of the Illinois Fianchisc Disclosuie Act provides that any piovision in
a franchise agieement that designates juiisdiction 01 venue outside the State of
Illinois IS void However, a fianchise agreement n lay piovide foi arbitiation in a
venue outside of Illinois
Section 41 of the Illinois Franchise Disclosure Act piovides that any condition,
stipulation, 01 provision pui porting to bind any pci son acquiiing any franchise to
waive compliance with the Illinois Fianchise Disclosuie Act oi any othei law of
Illinois IS void
PiirL' Oiirru
3<M5_05 FPD I P\ II
I+6S 001 OO.r.|22n6
Piir., Harri.
2016 rPD I r\ II - SniL Adduuh/Ridi.1^
I 168
This document was 001 OOs/143107
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
IN WITNESS WHFPEOF tlit pames h c cx|cuited and dclivucd Ihis Ridu on the
dates noted below to be efFective as ol the Eftcctivc Date ol the Multi-Umt Development
Agi eement
|Narae|
Name By___
Title _ Name
" Date Title
*(This is the Effective Date) Date
H-2
Pure birri.
20 b 032016 rOD I f\ 11 - St He Addi-ncl i/Ridcrs
I 168 001 OO'I 122P6S/I43I07
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER rO THE PB FR/\NCHISING, LLC
MULTI-UNIT DEVELOPMENT AGREEMENT
FOR USE IN MARYLAND
THIS RIDER IS made and entcicd into by and betvvcui PB FRANCHISING, LLC cl
Delawaie limited liability company with oui piincipal business addicss at 100 Diinbai Sheet
Suite 301, Spaitanbuig, South Carolina 29306 () and
This Section 7 A(4) may not be entoiceable u ndei fedeial bankiuptcy law
(11 use Sections 101 et seq )
You may bung a lawsuit in Maiyland loi claims aiising undei the Maiyland Fianchise
Registiation and Disclosuic Law
You must bring any claims aiising undei the Mai yland Fianchise Registiation
and Disclosure law within 3 yeais aftei we giant you a fianchise
PufL Barn,
201-S 052016 TDD | T\ 11 - Sl ite Adtluida/Ridu
This document was
1 downloaded from franchimp.com.
168 001 00-1' All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I22-Ij65/U3I07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
6 ACkNO^V LFPGMENTS The lollownig is added to the end ot the Mul
Unit Development Agiecment as new Section 10 J (nndei Section 10 ‘Miscellaneous’)
IN WITNESS WHEREOF, the parties have executed and deliveied this Ridei on the
dates noted below, to be effective as of the Effective Date of the Multi-Unit Development
Agreement
INamel
Name
Title _ Name
*Date
*(This IS the Effective Date)
H-2
Piiri. B ira
3013 032016 rOD I r\ 11 - Stdiv. Addend i/RidLis
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
116S 001 00-l'-l23-l3<i5/l43l07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO THE PB FRANCHISING, LLC
MULTI-UNIT DEVELOPMENT AGREEMENT
FOR USE IN MINNESOTA
TRIS RIDER IS made and enteicd into by and between PB FRANCHISING, LLC a
Delawaie limited liability company with oui piincipal business addiess at 100 Dunbai Sticet^
Suite 301, Spaitanburg South Caiolina 29306 (“W’) andj_
However, with respect to franchises governed by Minnesota law, we will comply with
Minn Stat Sec 80C 14, Subds 3, 4 and 5 which requiie, except in certain specified cases,
that you be given 90 days’ notice of teimination (with 60 days to cure) and 180 days’ notice
of non-ienewal of this Agreement
Nothmg in this Agieement will abiogate oi reduce any of youi lights undei Minnesota!
Statutes Chaptei 80C oi youi light to any pioceduic, fo um 01 lemedies that the laws ot the
juiisdiction piovide
Pure B irrt
3015 052016 rOD | T\ 11 - Si iie Addcndi/Ridcis
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Noiwithstcinciin^ the foiegomg, Minii Slat Sec S0C2I and Minn Rule 286^0 4400(J)
piohibil us, except in ccitain specified cases fiom lequmng litigation to be conducted outside
of Minnesota Nothing in this Agiecment will abiogate oi leduce any of youi lights undei
Minnesota Statutes Chaptci 80C oi youi lights to any 3ioceduie toium oi lemcdies that the
hws of the jLiiisdiction piovide
Nothing in this Agreement bais eithei party’s right to seek injunctive relief against
conduct that thieatens to injuie oi haim the othei undei customaiy equity rules, including
applicable rules foi obtainmg lestiaming oiders and preliminaiy injunctions You agiee that we
may seek such injunctive lelief You agree that your only lemedy if an injunction is entered
against you will be the dissolution of that injunction, if wan anted, upon due hearing, and you
hereby expressly waive any claim for damages caused by such injunction A court will
determine if a bond is required
provided, however, that Minnesota law piovidcs that no action may be commenced under|
Minn Stat Sec 80C 17 moie than 3 yeais aftei the cans of action acciues
IN WITNESS WHEREOF, the paities have executed and deliveied this Ridei on the
dates noted below, to be effective as of the Effective Dat ; of the Multi-Unit Development
Agreement
|Namel
By
Name
Title _ Name
■^Date Title
'’(This IS the Effective Date) Date
H-2
1 lire Birru
^l3 0-52016 I DD I T\ II - Slate AdilcnclVRidcrc
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
R!DER TO THE PB FRANC 4IS1NG, LLC
MULTF UNIT DEVELOPMENT AGREEMENT
FOR USE IN NEW Y ORK
THIS RIDER IS made and cnteied into by and between PB FRANCHISING, LLC, a
Delawaie limited liability company with its piincipal business addiess at 100 Dunbar Sticct'
Spaitanbuig, South Caiolina 29306 (‘we’), and ______________ , whose piincipal
business addiess is (“you”)
Notwithstanding the toiegoing all rights enjoyed by 'you and any causes of action
aiisvng in youi favor from the provisions of Article 33 of the General Business Law
of the State of New York and the regulations issued thereunder shall remain in
foice to the extent requiied by the non-waiver provisions of GBL Sections 687 4
and 687 5, as amended
Howevei to the extent lequiied by applicable law, no tiansfci will be made except to
an assignee who, in oiii good faith judgment, is willing and able to assume oui obligations!
undei this Agieement
You also may teiminate this Agreement on any giounds available by law undei the
piovisions of Aiticle 33 of the General Business Law of the State of New Yoik
I’urc Barii.
052016 rOD I T\ 11 - State Addend i/Riders
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
5 APPLICABLE LAW The 1ollo\ statemcnl li. added at the. end o!
Section 9 B o1 the Multi-Unit Development Agieemcnt
This Section shall not be consideicd a waivti of any light confciicd upon you by the
piovisions of Aiticle 33 of the New Yoik Slate Gencnl Business Law, as amended and the
legulations issued theicundei
This section shall not be consideicd a waivei of any lightL confeiicd upon you by the piovisions
of Article 33 of the New York State Geneial Business Law as amended and the legulations
issued theieundei
IN WITNESS WHEREOF, the paities have executed and deliveied this Ridei on the
dates noted below, to be effective as of the Effective Date of the Multi-Unit Development
Agreement
[Nam
Name
Title _ Name
•^Date Title
‘'(This IS the Effective Date) Date
H-2
Pun. Baire
■3015 052016 rOD | T\ II - Sl iic Adclv.ndj/Ridtrs
This document was downloaded from franchimp.com. All >107
the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDER TO THE PB ERANC USING, LLC
MULTI-UNIT DEVELOPMENT AGREEMENT
FOR USE IN NORTH DAKOTA
THIS RIDER IS made and enteied into by and between PB FRANCHISING LLC a
Delawaie limited liability company with oui piincipal bilisiness addiess at 100 Dnnbai Stieet
Suite 301, Spartanburg, South Caiolina 29306 (“we”) and
Covenants not to compete such as those mentioned above aie geneially consideied
unenfoiceable in the State of North Dakota, howevei, we will entoice the covenants to the
maximum extent the law allows
ARBITRATION
We and you agiee that all controversies disputes, oi claims between us and oui
affiliates, and oui and then lespective shaieholdeis, ofticeis, diiectois, agents, oi employees,
and you (or youi owneis, guaiantois. Affiliates, oi employees) aiising out of oi ielated to
(1) this Agieement oi any other agieement between you (oi youi
owners) and us (oi oui affiliates),
Pure Barrc
=0l3 032016 TDD I L\ II - Stale Adclcnda/Riclcrs
This document wasI downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
Ids 001 00-t-1324j<S5/l43l07
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
(2) oui icLUion->hip with ynu oi
must be submitted foi binding aibitiation, on deman d of cithei paity, to the Ameiican
Aibitiation Association The arbitiation pioceeduigs wi I be conducted by one arbitiatoi and[
except as this Section otherwise provides, accoidmg to the then-cun ent Commeicial
Arbitration Rules of the American Arbitration Association All proceedings will be conducted
at a suitable loeation chosen by the aibitratoi in oi within 50 miles of oui thcn-curient
piincipal place of business (curiently Spaitanbuig, South Caiolina) piovidcd, howevei, that to
the extent otheiwise required by the North Dakota Fianchise Investment Law (unless sueh a
requirement is preempted by the Federal Arbitiation Act), aibitiation shall be held at a site to
which we and you mutually agree All matteis i elating to arbitration will be governed by the
federal Arbitration Act (9 U S C §§ I et seq ) Judgment upon the aibitrator’s awaid may be
entered in any court of competent jurisdiction
This Agreement will be construed and interpieted under the laws of the State of Southi
Carolina, without legard to its conflicts of laws lules, ejxcept to the extent goveined by the'
United States Tiademark Act of 1946 (Lanliam Act, I 5 use Section 1051 et seq) andl
except as othei-wise lequired by North Dakota law
Notwithstanding the foregoing, to the extent lequiied by the North Dakota Fianchise
Investment Law, you may bring an action in North Dakota foi claims aiising undei the North
Dakota Fianchise Investment Law
The statutes of limitations undei North Dakota law apply with lespect to claims aiising undei
the North Dakota Franchise Investment Law
H-2
Pure Biire
2013 052016 TDD | C\ 11 - Stale Addi.nda/Ridcrs
This document was1 downloaded
I6S00I 001 from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1221163/143107
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
IN WIINESS WHEREOF the paitie- have ev CLhed end deliveied this Ilidei on the
dates noted below to be cftective as of the Effective Date of the Multi-Unit Development
Agiecmeni
[Nam
By
Name By.
Title _ Name!
"Date Title
•"(This IS the Effective Date) Date
H-3
1 iri. B irrc
0S2016 TDD I C\ 11 - St III. Addunda/Ridi.rs
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIOrR ro THE PB FRANC RISING, LLC
MULTI UNIT DEVELOPMEN AGREEMENT
FOR USE IN RHODE SLAND
THIS RIDER IS made and enlcied into by and b Aween PB FRANCHISING, LLC a
Delawaie limited liability company with oui piincipal bi siness addiess at 100 Dunbai Street
Suite 301, Spaitanbuig, South Caiolina 29306 (“^”) and
Section 19-28 1-14 of the Rhode Island Franchise| Investment Act provides that
“a provision in a [multi-unit development agreernent] resti icting jurisdiction or
venue to a toium outside this state oi lequiring the application of the laws of
anothei state is void with lespect to a claim othWwise enforceable undei this
act ” To the extent lequiied by applicable law, Rhode Island law will apply to
claims aiising undei the Rhode Island Fianchise Investment Act
IN WITNESS WHEREOF, the parties have exeejuted and deliveied this Ridei on the
dates noted below, to be effective as of the Effective Date of the Multi-Unit Development
Agi eement
INamdl
Name By_
Title _ Name
” Date Title
“(This IS the Effective Date) Date
Pure b irrc
2015 02016 TDD | r\ 11 - Stale \ddencl i/Rideri
This document was116S
downloaded
001 from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
00-ri22lj65/l43107
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RIDE«? TO THE PB FRANCI USING, LLC
IVIULTMJNIT DEVELOPMENT AGREEMENT
FOR USE IN WASHINGTON
THIS RIDER IS made and cntcicd into by and between PB FRANCHISING, LLC, a
Delawaie limited liability eompany with oiii piineipal business addiess at 100 Dunbai Stieet*,
Suite 301, Spaitanbuig, South Caiolina 29306 (‘we’) and
2 WASHINGTON LAW The following paiagraphs are added to the end of the
Multi-Unit Development Agreement
In the event of a conflict of laws, to the extent lequiied by the Act the
piovisions of the Act Chaptei 19 100 RCW, shall pievail
Pure Biru.
^I> 052016 rOD I fx 11 - Sl lie Addendi/Ridcri
This document was1168
downloaded from franchimp.com.
001 00'1'122 All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
1365/141107
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
To ihc extent ie(.|imc'l by the Act iiansici tees aie collectable to the
extent that they icllect oiii leasonable estimate 01 actual costs in eftecting a
tianstci
IN WITNESS WHEREOF the paitics have executed and deliveied this Ridei on thC|
dates noted below, to be ettective as ot the Effective Date of the Multi-Unit Development
Agi cement
[Name|
By.
Name
Title _ Name
•^Date Title
*(This is <the Effective Date) Date
H-2
Puri. Bniri.
20l-S-052Qiri rOD I T\ II -‘SniL AdciLiicI i/Ridcr.
1 downloaded
This document was 168 001 004' -I^4j65/I4
from franchimp.com. Allj 107
the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT I
CONSENT TO TRANSFER
Pure B irre
I DD I I \ I - Consul! to I r inslei
This document was downloaded from franchimp.com. All:>108the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
CONSENT IO TRAN bFER
THIS CONSENT TO TRANSFER (this Agic mtnt ) IS made and cnleied \nto as o1
the Effectnc Date by and betv\ccn PB FRANCHISING, EEC a Delawaie limited liabilit)
company ( wc”) \j a |[( you ) \] a |J whose addiess is \| (“Assignee”) and
I
the undeisigned Guaiantois in In tins
this Agieement we, you Assignee and the Guaiantois aie
sometimes lefeired to individually as “Paitj' and togetliei as the Parties 1 he Eileetive Date
IS the date this Agieement is signed b> us as indieated beneath oui signatuie
RECITAES
A You and w'e aie paities to that eeitam Fianchise Agieement dated 1J as it
might have been pieviously amended (as amended the Franchise Agreement ), puisuant to
which you aie authoiized to owm and opeiatc a Puie Bane‘S studio located at [] (tile
Studio )
B Guarantors die the owneis of you and, pursuant to that ceitam Guaianty ot
Peiformance signed concunently with the Fianchise Agreement (the ‘Guaranty’), have agreed
to be personally bound by, and personally liable foi the preach of, each and every piovision in
the Franchise Agreement
C You have advised us that you desire to se 1 to Assignee, who desires to acquire,
all of youi light, title and inteiest m and to the Studio (the ‘Transfer’) j
I
D Under Section 12 1 of the Fianchise A gieement the fianster requires our
consent You, Assignee and the Guarantors have requested oui consent to the Transfer, and we
are willing to giant oui consent on the teims and conditions contained in this Agieement
E Capitalized teims used but not defined m th IS Agieement shall have the meanings
ascribed to them m the Franchise Agieement and GuaianP , as applicable
AGREEMENT
Consent to franstei and Waivei ot Right o1 Fust Refusal You and Assignee
represent that you and they have entered into that ccitain Asset Puichase Agieement m the toim
attached heielo as Exhibit A and the related agieements, puisuant to which you have sold oi wall
sell to Assignee, and Assignee has acquired oi will acquire from you all right, title and interest m
and to the assets of the Studio and the lease for the premises at which the Studio is operated We
hereby consent to the Tianstei and hereby waive our light of fust lelusal undei Section 12 5 ot
the Fianchise Agreement to acquire the interests being tiansfeiicd by you to Assignee as
1
PuiL Barn.
20b 0^2016 I DP I L\ I - Consi.nt lo I r niiki
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
leflcclctl in ihe As^cl PuiclnjC Ai’iccmenl- niovidcc howcvci such consent is cxmcsslv
contini’cnt upon compIkiiKC with the turns jnd condili )ns set loith in Sections 3 and 4 on oi
betoie the dale of the Uosinsi of the Tianstei ( Closing Date ) which is expected to lake place
no latei than We mav teiminale this Ajrieement and/oi the Assignee Fianchisc
Aaicement if the conditions set foilh in Sections 2 thioiiLfh 4 aic not met oiioi to oi concuiientiv
with the Closm» Date
22 letrain from an4y after the Etfective Date, vou and they will notfurthei use
af the Maiks oi hold themvourselves out as a Puie Baire® franchisee oi as an ownei of a
Pure Baire® fianchise oi franchisee except as authliiized undei any other agieement with
24 >OLi and they will comply with the plost-tcimination obligations set lorth m
Aiticle 10 of the Fianchise Agieement (¥ewFianchisee Covenants)raF>d, !
2 5 you and they vmII eemply with the provisions of the Fianchise Agieement
that either expiessly oi b> then natuie, suivive termination-of the Fianchise Agieement
(mcluding—u ithout—limitation—the—pest terfflmatiei^—leshnetive—covenants—dispute
lesolution and notice and confidentijlity pioMSions of the Fianchise Agreement)
Pure Barn.
032016 1 DD I L\ 1 - ConsLiil to 1 r insiLr
This document was1 downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I6S 001 n0l\l23n7.->/l4.'U0S
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Pciymci.l ol lunslei Tee Unclei Sectiun 12^ ol Ih'- fianchisc A"gieemenl \'C
may as a condition ot gianling oui conbcnt to the Tianslei icquiie yon oi Assignee to pavla
tianslci Ice oi In consideiation loi the agieements piovided heiein Assignee
shall pay the lull tiansfci lee to us on execution ol th s Agieemenl Fhc tiansfei (cc is not
lefundablc iindei any ciicumstances
_%
7 Notices to You Unless and until changed in accordance with the Assignee
Franchise Agreement, Assignee’s addiess for puiposes o 'notices undei the Assignee Fianchise
Agreement shall be the addiess ot the Studio
9 Release ot Us and Related Patties You, Assignee and Guarantor, on behalf o'l
themselves and then lespective cuiient and tormei patents affiliates and subsidiaiies, and then
respective agents spouses, hens, principals attorneys cjwneis officers dnectois, employees,
lepiesentatives piedecessois successors and assigns (co lectively the Releasing Patties ) do
hereby absolutely and nievocablv lelease and dischaige us and oui parents subsidiaries and
affiliates and then respective cuiient and foimei owneis officers dnectois, employees
manageis agents lepiesentativcs piedecessois successo'is and assigns (the ‘RelatedReleased
Parties ) of and from any and all claims obligations debts proceedings demands, causes ol
actions lights to teiinmate and rescind liabilities, losses 'damages and lights of every kind and
natuie whatsoever (collectively Claims ) whether known oi unknown suspected oi
unsuspected at law oi in equity which any of them has, had oi may have from the beginning of
time to the EftectH^eClosina Date including without lim tation those arising out ot oi relating
in any way to the Fianchise Agieement the relationship c eated by the Fianchise Agieement oi
the development owneiship oi operation ol the Studio You Assignee and Guaiantois on
behalf ol themselves and on behalf of the other Releasing ’aities furthei covenant not to sue any
Puri. B irrt
20h 0->2()l6 I DO I I \ I - Consult to I r inskr
This document was1168 001 OOP
downloaded 12-2-1.170/143108
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
ol Ihe RclatedReleasecI Paities on any ol Ihc Claims i<.L'’scd b^ this Section 9 tuicl waiiant and
lepicscnt that they have not assigned oi othciwisc t^nsleiicd an> Claims leleased b\ this
Section 9
ijf the Sliic/io IS located in Califoiiiia oi // ]oii cue a icsideni of Ca/ifoinici the followiin^ shall
apply)
Waivei ol Statutory Pieseivation Piovisions It is youi intention on your own behalf and
on behalt ol the Releasing Paities fn e\ecuting tt IS lelease that this instiument be and is
a geneial release which shall be elfeclive as a be r to each and eveiy claim demand oi
cause ot action released by you oi the Releasing Paities You lecognizc that you oi tlie
Releasing Parties may ha\e some claim, demand Ol cause ol action against the Released
Parties ot which you he she oi it is totally unawaic and unsuspecting, which you he
she OI It is giving up bv executing this release It is youi intention on your own behalt
and on behalt ot the Releasing Parties m executing this instiument that it will depnv|e
you, him, hei or it ot each such claim demand ol cause ol action and pievent you him,
her or it horn asserting it against the Releasing Ij*arties In furtheiance ot this intention,
you, on youi own behalt and on behalf of the Releasing Parties, expiessly waive any
rights or benefits conferred by the provisions ot|‘ Section 1542 ot the California Civil
Code, which provides as follows
A general release does not extend to claims which the creditoi does not know oi
suspect to exist m his or her tavor at the time ot executing the lelease, which it
known by him or her must have materially aftected his or hei settlement with the
debtor
1 his waivei extends to any othci statute oi common law pimciple ot similai effect m any
applicable jurisdiction including without limitation Cahtomia and oi any othei
jurisdiction m which the Releasing Parties leside
You acknowledge and repiesent that you have consulted with legal counsel bcfoie
executing this release and that you understand its meaning, including the ettect ot Section
1542 ot the California Civil Code and expiessly consent that this lelease shall be given
tull toice and effect accoidmg to each and all of its expiess teims and provisions
including without limitation those relating to the iplease ot unknown and unsuspected
claims demands and causes ot action
(// the Studio IS located in MaiylancI oi if j on ai e a i esident of Maiyland the following shall
apply)
Any general lelease piovided toi heieundei shall not apply to any liability undei the
Maiyland Fianchise Registiation and Disclosuie Law
12 Binding El feet 1 his Agieement inuies to the benefit ol us and oui successois
and assigns and will be binding upon you Assignee Gua antors and then lespective successois
peimitted assigns and legal lepresentatives
13 Miscellaneous
13 2 Any disputes aiising under this Agi eement shall be subject to and lesolved
in accordance with the provisions oi Article 15 ol the Fianchise Agieement (Dispute
Resolution), which provisions are incorporated hei ein as though copied in then entirety
13 3 Each party shall be lesponsible for the costs and tees associated with the
preparation of this Agreement However, in the event of a dispute arising under this
Agreement, the prevailing party in such dispute shall be entitled to an award of
reasonable attorneys’ fees costs and expert witness fees in accordance with Section 15 8
of the Franchise Agieement
13 4 The captions and headings aie only for convenience ol lefcrence aie not a
part of this Agieement, and will not limit oi construe the provisions to which they appl>|
All reteiences in this Agieement to the singulai usage will be constiued to include the
plural and the masculine and neutei usages to include the othei and the feminine
Pure Birrc
2011 032016 I PD I L\ I - ConSLiit 10 rniiblt]
This document wasI downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
168 001 00lM?3-1..7VI4ri08
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
IN WIINFSS WHEREOF ihc Poiliej ha,c duh exeuit^d this Agieement as ot the
CIlcLtive Date
By
Name By _
Its _ Name
Date=" Its _
(■"This IS the Effective Date) Date
ASSIGNEE
By _
Name
Its __
Date
GUARANTORS
[name]
Date
[name]
Date
[name]
Date
Pure Birre
20-I-3 032016 rPD 11 \ I - Consuil 10 I r m^ler
I downloaded
This document was 168 001 00-PrP2-2 t.'j?,VI4.a0S
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT A
TO
CONSENT TO TRANSFER
A-1
Pure B jm.
I DD 11 \ I - CoiiiLin to I nnsl;.r
11 fis 001 oo-i\4-3-j-rc?.vi4sins
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT H
TO
CONSENT TO TRANSFER
B-1
Pi re B II re
201 > 032016 FDD | L\ 1 - Consult lo 1 r inskr
This document wasI downloaded from franchimp.com.
168 001 00-0122 All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I37VI4.3108
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
AMENDMENT NO 1 TO FRANOJ ISE AGREEMENT
RECITAES
A We and you aie paities to that certain tianchisc agieement, dated as oi the
Effective Date (the Franchise Agreement ) which governs voui owneiship and opeiation ol r
Puie Bane Studio located at [] (the ‘Studio )
B We and you desiie to entei into this Amenc ment to itvise ceitam piovisions ol
the Franchise Agieement as desciibed heiein
AGREEMENT
FOR AND IN CONSIDERATION of the foregoing Recitals, the covenants set forth
herein and other valuable consideration, receipt and suffici'ency of which are hereby
acknowledged, we and you agree as follows
I
2 No Initial Fee In connection with oui consent to youi purchase of the Studio
fiom the formei franchisee, the fonuer fianchisee paid a tianslei fee, as lequiied undei its
franchise agieement Iherefoie Section f] ol the Fianchise Agieement (Initial Fee) is
deleted
I
Gland Openina—Siiice the Studio is an existin g-T-ute BrHie-Studio >ou will net be
lequired to conduct a giand opening event-at-tl^e Studio unless you choose-to cte so—Fheiefoie
Seekon-7 ‘^l-of t-he Franchise Agi-eeiTient-is deleted
4- -Miscellaneous The Franchise Agieement shall be amended only m the
paiticulais set forth above All othei piovisions of the Franchise Agieement shall continue in
full loice and effect as set foith therein 1 he teims of this Amendment foim an mtegial pait, and
heieby aie incoipointed into and made a pait of the Fianchise Agieement In the event ol a
conflict between the temis contained in the Fianchise Agieement and this Amendment the teims
and conditions of this Amendment shall govern, contiol and supeisede any inconsistent oi
conflicting teims of the Fianchise Agreement This Amend ment may be executed in one oi moic
counteiparts, each of winch will be deemed an oiiginal You acknowledge that this Amendment
will not take effect until accepted and executed by us Sigiiatuies tiansmitted by lax oi scanned
I’lirL Bam.
1 DO I L\ I - ConsLiil lo I r msfu
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
and emailed shall ha\c Uk saiiK ellecl as oiiginals All eapilalized lums used but not dcHned in
this Amendment shall have the meanings aseiibed to them m the fianehise Agicement
IN WITNESS WHEREOF, )OLi and \vc have sig ned this Amendment on the dates
shown below and made elleetive as ot the Ellcetivc Date
PB FRANCHISING LLC \------
PB FRANCHISING. EEC 1 1
Bv Bv
Name Name
Title Title
Date* Date
r*This IS the Effective Datef
By-
Name Name-
Title- Title- 1
Pate*— Date
(*This IS th^-fitfec-tive Date)
Pure n irrc
OsZflJ.^ I DD I E\ I - Consuil to I r iiiskr
This document was116S 001 0044jTl^>7VI4SIOR
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT J
GENERAL RELEASE
Pure Bui re
30P5- 0^2016 TDD | C\ I - General Release
116S
This document was 001 OO-P-1221183/143
downloaded 109
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Giant ot rianthisoi Consent and ■’lanchisee Release
I
PB FRANCHISING, LLC (‘we’ ‘us,’ oi ‘oui’ ■) and the undei signed [tianchisee oi
I
multi-unit developei I
(“you’ oi ‘youi”), cuucntly ate parties to a
certain [franchise agreement oi multi-unit developIment agreement] (the [“Fianchise
Agreement” or “Multi-Unit Development Agieement’ ’]) dated , 20
You have asked us to take the following action oi to ,agiee to the following lequest [insert
as appropriate for renewal oi transfer situation]
t
I
I
We have
a general lelease fiom you (and, if applicable, youi owners) as a condition ot taking this action
or agreeing to this request Theiefore, we aie willing to take the action oi agree to the
lequest specified above if you (and, if applicable, youi owners) give us the lelease and
covenant not to sue provided below m this document You (and, if applicable, youi owners)
aie willing to give us the release and covenant not to sue provided below as partial
consideration foi our willingness to take the action or agree to the request described above
1 Geneial Release Consistent with the previous introduction, you, on your own'
behalt and on behalf of youi successors, heirs, executors, administrators, personal
repiesentatives, agents, assigns, partners, owneis, man agers, directors, officers, principals,,
employees, and affiliated entities (collectively, the “Releasing Parties”), hereby forevei release!
and dischaige us and oui current and formei officeis directors, owners, managers, principals,
employees, agents, lepiesentatives, affiliated entities, successors, and assigns (collectively, the
“Released Parties”) from any and all claims, damages (known and unknown), demands, causes
of action, suits, duties, liabilities, and agreements ot any natuie and kind (collectively,
‘Claims”) that you and any of the othei Releasing Parties now has, ever had, or, but foi this
document, hereafter would oi could have against any of the Released Parties, including without
limitation, (1) aiising out of or ielated to the Released Paities obligations under the
[Franchise Agreement or Multi-Unit Development Agreement] or (2) otheiwise aiising
from 01 1 elated to youi and the othei Releasing Paities relationship, from the beginning ot
time to the date of your signatuie below, with any ot the Released Parties You on youi own
behalf and on behalf ot the othei Releasuig Parties, ftiither covenant not to sue any ot the
Released Parties on any of the Claims leleased by this pai agiaph
We also are entitled to a lelease and covenant not to sue fiom youi owners By his.
hci 01 their sepaiate signatuies below, youi owneis likewise giant to us the lelease and
covenant not to sue piovided above
A geneial release does not extend to claims which the creditor does not know oi
suspect to exist in his or her favor at the time of xecuting the lelease, which if known
by him or her must have materially affected his or her settlement with the debtoi
This waivei extends to any other statute oi common law piinciple of similai effect in'
any applicable juiisdiction, including without limitation, Califomia and oi any othei jurisdiction
in which the Releasmg Parties reside I
You acknowledge and lepiesent that you have consulted with legal counsel befoie
executing this release and that you undeistand its meaning, including the effect of Section 1542
of the CalifoiiiH Civil Code, and expiessly consent that tins leleasc shall be given full foice and
effect accoiding to each and all of its expiess teims and provisions, including, without
limitation, those i elating to the lelcase of unknown and unsuspected claims, demands, and
causes of action
4 Miscellaneous
(a) This release cannot be modified, alteied 01 othei wise amended except by an
agieement in writing signed by all of the parties heieto
(b) This release, togethei with the agieements lefcienced in this lelease, constitute
the entue undei standing between and among the parties vith lespect to the subject mattei of
this lelease This lelease supeisedes any piior negotiations and agieements, oial oi wiittcn,
with respect to its subject matter No lepicsentations, waiianties, agreements oi covenants
J-2
Pun. Biitl
a 052016 FDDICx I - Gcncr il RUc isl
This document was
I downloaded from franchimp.com.
I6S00I 001'I23 4^SVI4 Allj
the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I09
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
have been made wuh ieb|tLa lo Ibis lelease, and in e\ec .iting !his lelease, none ol the paities is
lelying upon any icpicscntalion vvaiianty agiecment oi covenant not set foith in this icleasc
1
(c) 1 his leleasc may be executed in any numl ei of counteipaits each ol which sha'll
be deemed lo be an oiiginal, but all of which togeth :i shall constitute one and the same
instiument Signatuies transmitted via fax oi scanned and c-mailed shall be given the same
toice and effect as oiiginals
(d) This lelease shall be binding upon and inuie to the benefit of the parties to this
lelease and then lespective succcssois and pennitted assigns
(f) This release shall be governed by and construed in accoi dance with the internal
laws of the State of South Carolina, without reference to conflict of law principles '
If the franchise is located in Maiyland or if you are a res dent of Maryland, the following shall
apply
Any general release provided foi hereunder shall not apply to any liability under
the Maryland Fianchise Registration and Disclosure Law
J-3
Pure B irre
0>20lg rOD I C\ J - Gentrul Rele ise
This document was downloaded
1168 from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
001 OO-IU-22-11,S5/I43I09
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
IN WITNESS WHEIlEOr the paitics have e lus ;cl this mbtiLimcnt to be ciuly exceiitec
Dated
[Signatuic]
[Print Name]
[Signatiiie]
[Punt Name]
J-4
Pure Bdrre
20I-S-0>20I6 TDD | T\ J - General Rticjbe
This document was
I downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
168 001 004'1^^383/143109
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT K
Pun. B irrL
3013 05201 () TDD ] f\ K - Reps md AcknowLd.meni
116S
This document was 001 004433439V143LL0
downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
REPRESENTATIONS AN^ ACKNCV'LEDGMENT STATEMENT
I understand that buying a franchise is not a guaiantcc of s uccess Pui chasing oi INITIAL 1
establishing any business is iisky, and the success oi failure of the tranchisc is subject
to many vaiiables ovei which Fianehisoi has no contiol such a s my skills and abilities 1
(and those of my partners, officcis, employees) the time my a; sociatcs and 1 devote to
the business, competition, interest rates, the economy, inf ation, operation costs,
location, lease terms, the market place gcneially and other economic and business 1
1
factors 1 am aware of and am willing to undertake these bus' ness risks 1 understand 1
that the success or failure of my business will depend primarily upon my efforts and not
1
those of Franchisor 1
I icceivcd a copy of the FDD, including the Franchise Agi cement and Multi-Unit INITIAL
Development Agreement at least 14 calendai days (10 business days in Michigan, New
York and Rhode Island) bcfoic 1 executed the Franchise Agic ement and/or the Multi-
Unit Development Agieement, as applicable I undcistand thiit all ot my lights and
lesponsibihtics and those of Franchisoi in connection with the firanchisc aic set forth in 1
these documents and only in these documents 1 acknowlcdl that 1 have had the
opportunity to personally and caicfully icview these documents and have, in fact, done
so 1 have been advised to have professionals (such as lawyers md accountants) review
the documents foi me and to have them help me understand thIcsc documents 1 have
also been advised to consult with othei franchisees icgaiding tl e iisks associated with
the puichase of the fianchise
1
Neither the Franchisoi nor any of its officcis, employees or agents (including any INITIAL
fianchise brokci) has made a statement, piomisc oi assuiancc to me concerning any
mattci I elated to the fianchise (including those icgaiding idvcitismg, maikcting,
training support scivicc oi assistance provided by Fianchisoi) that is contiary to, oi
different fiom the infoimation contained in the FDD 1
My decision to pin chase the fianchise has not been in fliicnccd by any oial INITIAL
icprcscntalions, assuianccs, wan antics, guaiantccs oi pi onuses ivhatsoever made by the
Fianchisoi oi any of its officcis, employees oi agents (includins5 any franchise biokci)
including as to the likelihood of success of the franchise
K-l
I’lirL B irrc
201-^-052016 rOD | E\ k - Ri.ps ind Acknowltdyncnt
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S 001 Q0-l-lj2r>05/143l 10
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
1 have m idc my own independent dclei minal'jn as to \'hclhu have the capital INITIAL
ncccssaiy to fund the business and my living expenses, paitieii ally dining the stait-iip
phase
Have you icccived any information fiom the Fianchisoi oi any of its ofnccis employees oi agents
(ineluding any franchise biokci) conccining actual avciage, piojcctcd oi ioiccastcd sales, icvcnucs[
income, profits oi cainings of the lianchisc business (including any statement piomisc oi assuiancc
eonccining the likelihood of success) other than infoimation contained in the FDD^
If you selected “Yes,’ please desciibc the infoimation you lecei ved on the lines below
Prohibited Parties Clause I acknowledge that Franchisor, its employees and its
agents are subject to U S laws that prohibit or restrict (a|) transactions with certain parties, and
(b) the conduct of transactions mvolvmg certain foreign parties These laws include, without'
limitation, US Executive Order 13224, the US Foreign Corrupt Practices Act, the Bank
Seciecy Act, the International Money Laundering Abatement and Anti-terrorism Financing Act,
the Expoit Administiation Act, the Arms Export Contre 1 Act, the U S Patriot Act, and the
International Economic Emeigency Poweis Act, and the regulations issued pursuant to these
and other U S laws As part of the express consideration foi the purchase of the fianchise, I
lepiesent that neither 1 noi any of my employees, agents, or lepiesentatives, noi any othei
pel son 01 entity associated with me, is now, oi has been listed on
2 the U S Commeice Department’s Denied Pei sons List Unveiified List, Entity^
List, 01 General Oideis,
1 wan ant that neithei 1 noi any ot my employees, agents, oi lepiesentatives, noi any 1
othei pel son oi entity associated with me, is now, or has been (i) a peison oi entity who i
assists, sponsois, oi supports terioiists oi acts of teirorism, oi (ii) is owned or controlled by I
ten ousts oi sponsois of ten oi ism 1 wan ant that 1 am now, and have been, in compliance
with U S anti-money laundeiing and countei-terrorism financing laws and regulations, and that
any flinds provided by me to Fianchisoi were legally obtaned in compliance with these laws
K-2
Pure Bine
2011 052016 rOD j P\ K - Reps ind XckiiowkduiKiil
This document wasI downloaded
I6S00I 00N32.1301/I431
from franchimp.com. All the 10
information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
I fuithei co\entint that eilhci noi ciiiy niy winploveL-s agents oi lepiesentativcs’
1101 any othei pci son oi entity associated with me w ill, dm mg the teim ot the Fianchisc
A.gicement become a peison oi entity desciibed above OI othei wise become a taiget ot any
anti-teiioiism law
It the Puie Baiic hanchise that you will puichase is located m Maiyland oi it you aic a
lesidcnt ot Maiyland, the tollowing will apply
FRANCHISEE
Sign here if you aic taking the franchise as Sign here if you are taking the franchise as
an CORPORATION, LIMITED LIABILITY
INDIVIDUAL(S) COMPANY OR PARTNERSHIP
(Note use these blocks if you are an
individual or a partnership but the
partnership is not a separate legal entity)
Print Name of Legal Entity
Signature Signature
Print Name
Date Punt Name
Title
Date
Signature
Punt Name
Date
Signature
Punt Name
Date
Signature
Punt Name
Date
K-3
Pure 131] tl
:015 052016 rOD I P\ k - Rlps nnd ^cknouIcd^imni
1168 001 001>133'I395/U3II0
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT L
Pure Baia
201:) 0:*20I6 TDD | P\ L - Renew il Adduidum
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RFNEW4L 'xDDCNC'JM TO FRAfNCHISE AGREElVIENr
RECITALS
C As required under the Original Franchise jj^gieement, you and we have entered
into that ceitain franchise agreement, dated as of the Effective Date (the “Franchise
Agreement”), which will govern your ownership and operation of the Studio from and aftei
the Effective Date
AGREEMENT
FOR AND IN CONSIDERATION of the foiegding Recitals, the covenants set foith
herein and othei valuable consideiation, leceipt and sufficiency of which aie hereby
acknowledged, the parties agree as follows
The ‘Term” is the pciiod of time commencing on the Effective Date and ending
at the close of business on [iiv^eit the date that is five ^eclls aftei the beginning
of the lenewal teim]
Purs. Barrc
gQl3-»52016 TDD | P\ L - Ruiku il ^ddulcim11
This document was downloaded
116S from franchimp.com. All
001 0045/4^2.MQ-l Ullthe information
I I on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
No Initial Fee '^ou pit''loii'^ly paid in initial haneliisL Icc in eonneelion with
the Oiiginal Fianchisc Agieement Iheietoie Section 2 of the Fianchise Agieement (Initial
Fee) IS deleted Flowevei in accoidancc with Section -1-1—t-(j)£ =±1 ot the Oiiginal&
FianchiseI
Agieement, you have paid us a icnewal fee of $5 000 imultaneoLislv with youi execution o)
the Fianchisc Agieement
4 Development ol the Studio Because you have been opeiating the Studio as
an existing business, you and we agiee that the sections ot the Fianchise Agieement that
pel tain to development of the Studio (including sections 3 1 thiough 3 6) aic deemed to have
been satisfied as of the Effective Date
5 Grand Opening Because the Studio is an existing Puie Bane Studio, you wi
not be requiied to conduct a giand opening event at the Location unless you choose to do so
Theiefore, Section 7 4 of the Franchise Agieement is delked
6 Initial Training We and you hereby acknowledge that you have previously
completed the Initial Tiaming as requued undei Section 8 1 of the Fianchise Agreement and
that we have fulfilled oui obligation to provide Initial Tiaining
(// the Studio IS located m Califoinia oi // voii cue a le. ident of Califoinia the following
shall apply)
This waiver extends to any othei statute oi common law piinciple of similai effect in
any applicable juiisdiction, including without limitation California and oi any othci
jurisdiction in which the Releasing Parties reside
You acknowledge and lepiesent that you have consulted with legal counsel befoie
executing this lelease and that you understand Its meaning, including the effect of
Section 1542 of the California Civil Code, and ex Diessly consent that this lelease shall
be given full foice and effect accoiding to each and all of its expiess teims and
piovisions, including, without limitation, those relating to the leleasc ot unknown and
unsuspected claims demands, and causes of action
{If the Studio IS located in Men viand oi if sou cue a lesident of Man land the follos\ing shcill^
appiv)
Any geneial leleasc piovided foi heieundei shall not apply to any liability undei the
Mainland Fianchise Registiation and Disclosuie Law
Pure IJjrre
2-0-1-3 0-'20I6 TDD | F\ L- RenewTl Addendum
This document was1168 001 004V122II0
downloaded from franchimp.com. IAll
1431 II
the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
MisceHant^ou- The Fianchisc Agieement shall bo amended only in the
paitiCLilais set toith above All othci piovisions ot the Fianchisc Agiecmenl shall continue in
full foice and effect as set foith theiein The teims ot this Addendum toim an intcgial pait
and hcieby aic mcoiiDOiated into and made a pait of the Fianchise Agicement In the event 6l
a conflict between the tcims contained in the Fianchis^ Agiecmcnt and this Addendum the
teims and conditions ot this Addendum shall govern, contiol, and supeisede any inconsistent oi
conflicting teims ot the Fianchise Agieement This Addjendum may be signed in counteipaits',
each of which shall be deemed an oiiginal but all of which taken togethei shall constitute one
and the same instiument Signatuie by facsimile oi scanned-and-e-mailed is hereby authoiized
and shall have the same foice and effect as an oiiginal All capitalized teims used but not
defined in this Addendum shall have the meanings asciibed to them in the Fianchise
Agreement
IN WITNESS WHEREOF, you and we have signed this Addendum on the dates shown below
and made effective as of the Effective Date
Signature
Print Name
Date
Piiri, BaiTL
2015 OSZOIC) TDD | T\ L - Ruit.« il AdcJLndiim
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
Exhibit A
to
Renewal Addendum to Fianchiise Agieement
Ex-A
Pure Barrt
30-l-> 032016 TDD | C\ L - Renew il Adclencliini
116S
This document was 001 0045/+j?440-t-143l
downloaded I I
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
NEW YORK REPRESEN FA 70NS P\GE
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
EXHIBIT M
RECEIPTS
Pure Birre
2015 052016 rPD I r\ M-Reeeipis
1I6S00I
This document was downloaded004453444-5/143112
from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RECEIPT
(OUR COPY)
riiis DislIosuic Douinicnt sumimii/cs ceitim pio\ sions ol <m ridiicii' ngieimciu inti othci uiroini ilion in pi un Linginge
Redd this Disclosuic Documenl ind nil dgiccmciils caielully
II PB Finnehising LLC olleis you i linnUiist. ii must piovicle this Disc osuie Document to >ou 14 cilendii dnvs beloie you
sign n binding agieement with oi make 1 pnyment to the lianchisoi oi m nftiintc m connection with the pioposed (innchist
s lie 01 soonei il requned by applieible stnlc law Undei lowi 1 i\v we ijiiust give you this disclosure document at the eailiei
of oui 1st peisonal meeting oi 14 calendar days before you sign an ngieement with oi make a payment to us oi anjnftilinte
in connection with the pioposed franchise sale Undei New Yoik and Rhode Island law we must provide this Disclosure
Document it the earlier of the I ' personal meeting or 10 business days bjefoie you sign a binding agreement with or make a
payment to, us or an afliltate m connection \Mth the pioposed iTdiichise sale Michigan lequiics that we give vou this
Disclosure Document at least 10 business days before the esecution o any binding franehisc oi other agieement or the
payment of any consideiation whichevei occuis lirst
If PB Franchising, LLC does not deliver this Disclosuie Document on time or if it contains a false oi misleading statement oi
a mateiial omission, a violation of federal law and state law may have occurred and should be repoited to the Federal Trade
Commission Washington D C 20580 and the appropriate state agency identified on Exhibit G
Franchise seller(s) offeiing the fianchise PB Franchising LLC 100 Ipunbii Street Spartanbuig South Carolina 29306,
(864) 594-5712 Also please identify any additional individual franchise sellei who offered you a Pure Bat re franchise in the
space provided below
See Exhibit G foi our legistered agents authorized to leceive service of process
I have received a Disclosure Document dated March 18 2015 ns amended May ■2015 Ann I I. 2016. that included the
following Exhibits
Please sign this copy ot the receipt print the date on which you leceived tl iis Diselosuie Document ind return it to PB
I 1 inchismg LLC 100 Dimbai Sued Spaiianbuig SC 29306
Pun. Barn
201; 032016 FDD | F\ M - R^CLipts
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
I 16S
accuracy 001information.
of this 00-n22IIIVI43l
Any action you take12
upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.
RECEIPT
(YOUR COPY)
This DisclosLiie DoL,uincm summaiizts c^i ai i p'u i^i ms ul ' i'- (’nuthisc i^icemcnt iml uthei iiitoimitioii lii pi ini liiiguage
Reu] this DiscIosliic Douinienl incl ill agietments Liieliillv
II PB Fi inchismg LLC oKtrs you n fnnchist ii mubt piOMcIt ihis Disc osLiic Document to vou 14 caicndai davs bcloie )'ou
sign n binding agieeinent with or niakL i payment to the Innehisoi oi n iflilnlt 111 connection with the pioposcd franchise
sale 01 sooner if required by applicable stale h\v Undu Iowa law w'e mibl gi\e you this disclosuie document at the eailiei
of OLii 1st peisonal meeting oi 14 calendai chvs befoic vou sign in igieenient with or make a payment to us or ani altiintc
111 connection with the proposed Innchise silc Uiidci New York and Rhode Ishnd law w'e must pioiidc this Disclosure
Document at the earliei of the T' peisonal meeting or 10 business days tpeioie you sign i binding agicemuit with or make a
payment to us or an iffiliate m eonnection wath the pioposed franchise sile Michigan lequnes that w'e give'you this
Disclosure Document at least 10 business diys befoie the cxeeutioii of any binding lianehise oi other igieement oi the
payment of any consideration whicheier oeeuis first
If PB Franchising LLC does not delivei this Disclosure Doeunient on tun e or if It contains a Itlst or misleading statement oi
a material omission a violation of fedeial law and state liw may have o ceuried and should be lepoited to the Fedeial Tiadc
Commission Washington D C 20580 and the appropiiatc state agency i Jentified on Exhibit G i
Franchise seller(s) offering the fianchise PB Franchising LLC 100 Dunbai Street Spartanburg South Carolina 29306
(864) 594-5712 Also, please identify any additional individual fianchise sellei who offered you a Pure Bane franchise m the
space provided below
See Exhibit G foi our registeied agents authorised to receive seivice of process
I have received a Disclosure Document dated March 18 2015. ns amended-Mnv 7 20-l-5Annl I. 2016. that included the
follow'ing Exhibits
Puri. Biirc
3»I5 0;20I6 FDD | F\ M - RccLipts
This document was downloaded from franchimp.com. All the information on this website is published in good faith and for general information purpose only. FranChimp.com does not make any warranties about the completeness, reliability, and
116S 001 001 1221 lls/1431 12
accuracy of this information. Any action you take upon the information you find on this website (FranChimp.com), is strictly at your own risk. We will not be liable for any losses and/or damages in connection with the use of our website.