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Business Description

We are a Delaware limited liability company fbrmed on April 21, 2016. Our current principal business address is 15305 Dallas Parkway, Suite 400, Addison, TX 75001. Our registered agent for service of process in Delaware Is Corporation Service Company, 251 Little Falls Drive Wilmington, DE 19808. If We have a separate registered agent for a particular state, it is disclosed in Exhibit A.

Prior Experience

We conduct business under our corporate name and under the trade and word and image service marks “REGUS®,” (“Trademarks” or “Marks'') and associated logos, designs,, symbols and trade dress; We began offering franchises on April 4, 2018. We have not conducted a business of the type you will be operating and do hot engage in any types of business activities other than franchising.and providing services to oiir franchisees. However, as of the'issuance date of this disclosure document, our affiliates (identified below) operate REGUS Offices similar to the one you will operate under the Franchise Agreement. We have hot offered, nor do we currently offer, franchises in other lines of business.

Business Offered

Our current form of Franchise Agreement is attached as Exhibit B to this disclosure document. A typical REGUS® Officeoccupies approxiihately 12,000 to 30,000 square feet of commercial office space,, but can be smaller or larger depending,on the site you chooseand the regional demographics of the area in which your site is located, The REGUS® Offices operated by dur affiliates in the United States range in size from approximately 6,458 to 64583 square feet with the average size being approximately 18,238 square feet. Your REGUS® Office may occupy a single floor, a number of floors, parts of a building or an entire building. All Offices are Constructed to dur specifications as to size, layout, decor and the like. REGUS® Offices are: typically leased and are located in metropolitan areas or surrounding suburbs. You will offer a variety of private memberships to individuals and businesses. REGUSf® Offices contain multiple workStations including,private, designated and shared spaces, conference roonis,jand boardrooms, all with access to telecommunications systems, data transmission services, lounges, reception areas, and administrative support from trained client support representatives. regus® Offices operate under the Trademarks (see Itern 13) and under distinctive business formats, including prescribed exterior and interior design, decOr, colOr scheme and furnishings; uniform standards, specifications and procedures for operations; quality and uniformity of products and services offered; and advertising and promotional programs, all of which we may improvei further develop or otherwise modify from time to time (the“System”). We use, promote and license in the operation of a REGUS® Office the Trademarks, plus designs, artwork, trade dress, commercial symbols and e-names,all of which have gained and continue to gain public acceptance and goodwill. We may in the future create, use and license additional trademarks, service marks; logos, commercial symbols, e-names, designs, artwork and trade dress in conjunction with the operation of REGUS® Offices. You will operate a REGUS® Office as an independent business unit utilizing the Trademarks, System, business concepts, support, guidance and materials developed by us. You will offer and provide products and services to the general public under the terms and conditions contained in the Franchise Agreement and our confidential pperations manuals (the “System Standards Manuals”) that will be loaned to yOu at the time of training. Ypu must offer for sale all services, products, and merchandise we designate, unless, you Obtain our approval not to offer certain services; products or merchandise. You may not offer other services, merchandise or products without our prior written approval. Your REGUS® Office must at all times be compliant with our current proprietary standards as set forth in our System Standards Manual (the“System Standards”).

Initial Fees

The lnitial Franchise Fee is $50,000. You must pay the Initial Franchise Fee in a lurnp.sum when you sign the Franchise Agreement. The lnitial Franchise Fee is fully earned and nonrefundable.

Financing

We do not offer direct or indirect financing. We do not guarantee your note, lease-Or obligations.

Franchisee Revenue and Profit

The FTC's Franchise Rule permits a franchisor to provide information about the actual financial performance of its franchises and/or franchisor-owned units, if there is a reasonable basis for the information, and if the information is included in the disclosure document. Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location under particular circumstances.