THE #1THE #1

FRANCHISEFRANCHISE **

TEAM WITHTEAM WITH WINNINGWINNING BE PART OF A BE PART OF A

Fred DeLuca and Dr. Peter Buck

opened the first SUBWAY® store in

the city of Bridgeport, Connecticut,

USA, in the summer of 1965. The

company was later incorporated in the

name of Doctor’s Associates Inc.

The SUBWAY® franchise has more

locations worldwide than any other

fast food chain in the world and each

year, our growth creates thousands of

new job opportunities across the

globe.

The SUBWAY® franchise system

places a focus on making great

sandwiches. In fact, it is so great, that

many SUBWAY® customers have

become franchise owners simply

because they believe in the product.

Exceptional growth

With the SUBWAY® franchise system’s

outstanding support structure and

operational history, it’s no surprise that

its global growth continues to

accelerate.

SUBWAY® is the #1 Quick Service

Restaurant brand by total store count.

In most years, about 70% of new

franchises are purchased by existing

owners.

SUBWAY® is a registered trademark of Doctor’s

Associates Inc. ©2012 Doctor’s Associates Inc.

Franchise may be offered by prospectus, through

affiliate companies. Numbers subject to change.

Please visit www.subway.com for the latest store and

country counts.

*SUBWAY® is the #1 Quick Service Restaurant brand

by total store count.

More than 36,000 SUBWAY® locations throughout the world

Great food

SUBWAY® Sandwich Artists™ begin

making customers’ sandwiches on a

varied selection of daily baked

gourmet breads. With the option of

many ingredients, the sandwiches

are customised with an array of

meats, cheeses, vegetables, and

lastly topped off with exclusively

formulated sauces.

In addition, customers have the

option of having their sandwiches

toasted.

Products you will be proud to serve

The SUBWAY® franchise offers your

customers many great options to eat

a fresh meal, fast.

Think about your customer base and

all the potential consumers who

patronise your business. Wouldn’t

the quality of the SUBWAY® products

appeal to those consumers?

Décor

The SUBWAY® décor integrates the

look of natural building materials -

brick, wood, stone - into the stores

and conveys to customers that

SUBWAY® locations are warm and

inviting family dining destinations.

The franchisee is responsible for:

Initial franchise fee

Finding locations

Leasehold improvements and

equipment

Hiring employees and operating stores

Paying 8% royalty to the company

and a fee into the advertising fund

The company provides:

Access to formulas and operational

systems

Store design and equipment ordering

guidance

Training programme

Operations manual

Representative on-site during opening

Periodic evaluations and ongoing support

Informative publications

British Sandwich Association

According to a report published

by the British Sandwich

Association, the SUBWAY® brand

has hit the number one spot in the

UK for sandwich sales – with

nearly double the sales of its

nearest competitor.

May 2008

The AllBusiness

AllStar list is the

most transparent

and Interactive

ranking of its

kind and the only

such ranking that lets would-be

franchisees sort and surface

information that’s most important to

them. It is also the only list that

draws upon the in-depth financial

analysis of our parent company,

Dun and Bradstreet.

“SUBWAY®, now the world's

largest Quick Service Restaurant

brand, continues to lead our AllStar

list as the #1 franchise for the

fourth year in a row.”

The Top 100

Global Franchises

have been selected

from thousands of

franchises that have

invested in international expansion

strategies and have been ranked

using an objective and measura-

ble criteria. SUBWAY® ranked #1. FRANCHISE DIRECT.COM

QUESTIONS?

Direct your questions to the

following appropriate regional

SUBWAY® office:

Europe

Amsterdam

+31 20 53 17 300

Cambridge

+44 1223 550 820

Cologne

+49 221 788 7460

Madrid

+34 913 013 968

Paris

+33 14 198 6003

Australia

Brisbane

+61 732 16 0665

Asia

Singapore

+65 6227 2557

Seoul

+82 279 75 036

Latin America

Miami

+1 305 883 3966

Middle East

& South Africa

Beirut

+961 1 999 663

www.subway.com

US & Canada

1 800 888 4848

All other countries

1 203 877 4281

Location performance

Generally, the most important

factors for performance are the

location of the franchise and how

well it is run. Because these key

factors are unknown,

Doctor’s Associates Inc. cannot

predict your results.

In fact, to eliminate possible

misunderstandings, the company

has a policy that no employee or

agent can provide you with

projections as to potential sales,

earnings and profitability.

You can obtain more information

about the typical franchise

experience from existing

franchisees, whose contact details

you will be given, together with a

disclosure document, following

receipt and consideration of your

completed application form.

Support

Franchise World Headquarters is

proud of the excellent support

systems available to SUBWAY®

franchisees. Ongoing support is

provided before and after you open

your store. As soon as you join the

SUBWAY® team, you’ll have

access to help to get you started.

Once open, systems are in place to

help you operate your location

effectively.

Before you open:

Training

You and your designee or

manager will take part in our

intensive two-week programme.

Store design

You will be provided with floor

plans for your specific location.

Site selection

You will be assisted in evaluating

the location for your business.

Equipment ordering

You will receive guidance on

ordering your equipment

package for timely delivery.

After you open:

Operations manual

SUBWAY® stores’ in-depth

manual covers a full range of

topics important to running

your business.

Field support

Your local representative will

help you get started and provide

ongoing operational evaluations.

Franchisee services

A Coordinator will serve as your

main contact person, who is just

a phone call or e-mail away. R&D

SUBWAY® franchise executive

chef, baking specialists, staff

nutritionist, and product

development team continually

strive to make our excellent food

even better.

Continuing education

Regular newsletters, e-mails and

voice-mails, DVDs and additional

learning tools are also available.

Eat Fresh Live Green

The SUBWAY® system is committed to

providing a variety of great tasting food

choices while reducing our

environmental footprint and creating a

positive influence in the communities

we serve around the world.

Our vision is to make our stores and

operations as environmentally and

socially responsible as possible. Every

day, we strive to conduct business in a

way that has a positive impact on the

environment while improving the lives

of our customers, franchisees,

employees, vendors and communities

worldwide. We believe that using good,

environmentally sound business

practices help increase our

franchisees' profitability, improve our

customers' dining experience as well

as help protect the planet.

We are committed to:

Continue to evolve our menu of great tasting options as well as provide

access to nutrition and healthier lifestyle information

Ensure our food meets the highest quality and safety standards

Find sustainable and cost effective solutions that serve the business needs

of our franchisees

Focus our sustainability initiatives on energy efficiency, water & resource

conservation, waste reduction, sustainable sourcing and supply chain

management

Encourage our franchisees to contribute to their communities, promote

diversity and choose "environmentally friendly" options and business

practices such as building Eco-Stores

The SUBWAY® brand is committed to offering a full range of great tasting

products for our customers around the world. Nutrition information is available

on-line so customers can make more informed meal choices. We are working

continually to improve our menus and the nutritional benefit of our food. Our

tea and coffee is also Rainforest Alliance certified.

Attend a SUBWAY® Seminar

At your convenience,

visit our website to

attend the online

seminar. We

encourage you to

attend local seminars

in person as well, to

learn more about your

specific location and to meet your own

Development Agent who can discuss

franchise opportunities with you.

www.subway.com

The next steps

STEP 1

Apply

Simply complete the application

included in this brochure and mail, or fax

it to Franchise Sales, at

Franchise World Headquarters, LLC.

A disclosure document will be

sent to you that includes more

information about the franchisor.

To speed up the process, you can also

complete the application online at

www.subway.com/apply

STEP 2

Research

Talk to our franchise owners to learn

more about us. Ask them why they

chose the SUBWAY® franchise. Visit the

locations, enjoy the great food and imag-

ine what it would be like to join our terrific

team.

STEP 3

Join the team

Once you have finished your investigation and

have secured approval to become a

SUBWAY® franchise owner, don’t wait.

Joining the SUBWAY® team gives you

the great opportunity to own your own

business, but not just any business, a

proven business with a low investment,

simple operations, flexible floor plans,

national and local support, national and

regional advertising, a two week training

program, ongoing learning for our

owners and their staff, store development

assistance, design support; lease

negotiations, construction guidance

and much more.

There’s a world of opportunity waiting for

you once you make your decision. We’re

looking forward to hearing from you

soon!

Franchise Capital Requirements

The SUBWAY® franchise has some of the

lowest start-up costs in the industry. Your

complete investment will depend on your

location, size, and the extent of renovations

required. There are traditional and non-

traditional locations for SUBWAY® franchises. A

traditional store is one you see in a shopping

centre or on the street corner. A non-traditional

store is a store located in an airport, hospital,

service station, college, bus terminal, or other

sites associated with another business. The

non-traditional locations are usually owned by

existing franchisees that have proven to be very

successful with the SUBWAY® system. If you own

a location such as a convenience store, or any

non-traditional site, you may have the

opportunity to buy a franchise for that location.

Capital requirements for your area can be found

online at www.subway.com.

The estimated costs to the right, represent a

wide range of possible locations throughout

Europe. Remember that costs will vary in

relation to the physical size of the store. A lower

cost store is one that would require fewer

leasehold improvements, less seating and

fewer equipment expenditures. Moderate and

higher costs stores may require extensive

interior renovations, extensive seating and

additional equipment.

If you are purchasing a franchise for a location

opportunity, such as a non-traditional, the listed

capital requirements may vary and could be

lower depending upon the necessary

equipment you must acquire or changes in

property improvements and maintenance

according to the lease of the store premises.

Also note that the figures listed do not include

extensive exterior renovations.

GENERAL BREAKDOWN FOR:

INITIAL FRANCHISE FEE

€7,500 - €10,000 (Depending on country*)

REAL PROPERTY

€2,500 - €16,000

LEASEHOLD IMPROVEMENTS

€25,000 - €69,000

EQUIPMENT PURCHASE €20,000 - €45,000

SECURITY SYSTEM (Not including monitoring costs)

€1,000 - €4,500

FREIGHT CHARGES (Varies by location)

€2,000 - €4,500

OUTSIDE SIGNS €1,500 - €4,500

OPENING INVENTORY

€2,500 - €4,500

INSURANCE

€1,000 - €1,500 SUPPLIES

€1,000 - €2,000

TRAINING EXPENSES (Including travel and lodging)

€2,000 - €3,700

LEGAL & ACCOUNTING

€1,500 - €2,500

OPENING ADVERTISEMENT

€1,500 - €4,000

MISC. EXPENSES (Business licenses, utility deposits, small equip. & surplus capital)

€1,500 - €6,500 ADDITIONAL FUNDS - 3 MONTHS

€6,000 - €16,500

ESTIMATED TOTAL INVESTMENT

€76,500 - €192,200 +

THESE FIGURES ARE ESTIMATES OF THE COMPLETE INVESTMENT IN SETTING UP A SUBWAY® STORE AND OPERATING IT FOR

3 MONTHS. IT IS POSSIBLE TO EXCEED COSTS IN ANY OF THE AREAS LISTED. FINAL COSTS WILL DEPEND MATTERS INCLUDING BUT NOT

LIMITED TO LOCATION, AMOUNT OF RENOVATIONS, TYPE AND SIZE OF PREMISES, LOCAL LAWS, ETC. TO SEE MORE DETAILS,

COMPLETE APPLICATION TO RECEIVE DISCLOSURE DOCUMENT.

Worldwide Development Agent Opportunities A Development Agent works to build franchise sales by building on the SUBWAY ® internationally recognised brand. Several areas

around the world need Development Agents and if you are 1.) willing to live in that country full time or have a partner who w ill, and

2.) have franchisee experience, you may be the Development Agent that the SUBWAY ® system needs now.

Company Values

Family: We build our business relationships

by serving each other, our customers and our

communities, much as we do within our own

families.

Teamwork: We challenge ourselves and

each other to succeed through teamwork,

against shared goals and to be accountable

for our responsibilities.

Opportunity: We create an entrepreneurial,

ever growing SUBWAY® community,

increasing the opportunity for everyone.

Qualities of a successful

SUBWAY® Development Agent:

Excellent leadership capabilities

Vision for the future of the SUBWAY® brand

and store development

Passion for the SUBWAY® brand

Local market knowledge

Excellent communication skills

Determination to lead a successful territory

Excellent organisational skills

To find out more about which countries are looking for Development Agents and to express interest in

becoming a Development Agent, Contact Crystal Babcock E-mail: babcock_c@subway.com

or telephone: 1 203 877 4281 x 1700

Company Vision

Be the #1 Quick Service Sandwich Store brand in

the world.

Company Mission

Delight every customer so that they want to

tell their friends; with great value through

fresh, delicious made-to-order sandwiches

and an exceptional experience.

Development Agent’s Role

A Development Agent is an independent

contractor who sees the “big picture”. When

approved, the DA develops a territory by

helping franchisees own and operate

SUBWAY® stores in that territory.

Country Country Spouse’s Name_____________________________ Citizen of___________________Permanent Resident of _____________

Date of Birth___________ Tax ID/Social Security Number*________________________________ Gender □ Male □ Female

Other names known by ___________________________________________________ Are you of legal age ? □ Yes □ No

First/Given Last/Surname Country Country

Area code / country & city code Area code / country & city code Area code / country & city code

Date____________ Where did you hear about the SUBWAY® franchise?____________________________________________

Name______________________________________ Citizen of___________________Permanent Resident of _____________

Date of Birth___________ Tax ID/Social Security Number*________________________________ Gender □ Male □ Female

Other names you are known by ________________________________________________Are you of legal age ? □ Yes □ No

Telephone (Home) _______________________________ (Fax) ___________________ (Mobile) _______________________

Residence Address ______________________________________________________________________________________

City___________________________ State/Province________________________________ Zip/Postal Code______________

Country __________________________________Email address_____________________________________________________

Area code / country & city code Area code / country & city code

□ Self Employed □ Employed by ______________________________________________

No. Years___________ Nature of Business__________________________________________

Title _________________________Describe Position_____________________________________

Address___________________________________________________________________________

City_____________________State/Province_________Zip/Postal Code________Country__________

Telephone (Bus.) ________________________Telephone (Alt.)_______________________________

Excluding any financing listed below

_____________________________________________________________________________

_____________________________________________________________________________

______________________________________________________________________________

YOUR PERSONAL INFORMATION

Have you ever been convicted of a felony

or its equivalent?

Yes □ No □

Have you ever been associated directly or indirectly

with terrorist activities?

Yes □ No □

Has a judgment been filed against you or have you been involved in any litigation proceeding

within the last 5 years?

Yes □ No □

(If yes, you will need to provide the following for each proceeding: names of the parties involved, date filed, court where

filed and nature of the proceeding.)

SPOUSE PERSONAL INFORMATION (Use a Separate Application for Partners)

Have you ever been convicted of a felony

or its equivalent?

Yes □ No □

Have you ever been associated directly or indirectly

with terrorist activities?

Has a judgment been filed against you or have you been involved in any litigation proceeding

within the last 5 years?

Yes □ No □

(If yes, you will need to provide the following for each proceeding: names of the parties involved, date filed, court where

filed and nature of the proceeding.)

Highest Education Achieved Schools Attended City State Country Years Grade or Degree Attained

□ College Degree or higher

□ Some College

□ High School □ GED

□ Didn’t Complete High School

EDUCATIONAL BACKGROUND

BUSINESS INFORMATION (Complete All Questions)

Income from current occupation ________________/year

Income from other sources ________________/year

Please explain other income_________________________

Personal Bank(s) /Branch Address

________________________________________________

________________________________________________

________________________________________________

FINANCIAL INFORMATION (Please List Figures in US Dollars, if possible)

Individual Liquid Assets (Cash, Stocks, etc.) a)___________

Individual Fixed Assets (Home, Car, etc.) b)___________

Individual Total Assets (a + b) c)___________

Individual Liabilities (Mortgages, Loans, etc.) d)___________

Your Individual Total Net Worth (c - d) e)___________

Would this business be your sole income source? Yes □ No □ Is there other financing not included in (e) above? Yes □ No □ If yes, how much financing is available? _______________

APPLICATION ©2012 Doctor's Associates Inc. SUBWAY® is a registered trademark of Doctor’s Associates Inc. ©2012 Doctor’s Associates Inc.

DA Name ______________

DA # __________________

Sales Manager __________

Disclosed Date __________

O

FF

ICE

US

E O

NL

Y

*Optional for additional information purposes but required to begin the process of the purchase and transfer of an existing location. Also note: it will be required prior to the purchase of a new franchise.

Yes □ No □

Type of Currency_________________

Select Your Business Experience Level

□ Restaurant Management

□ Other Business Management

□ Restaurant Non Management

□ No Business Experience

May we contact you at work? Yes□ No□

List all restaurant & food service businesses in which you have an ownership interest:

Application for Additional Information

In addition to requesting additional information, this application is used for purchasing a new franchise, an additional franchise, or the purchase and transfer of an existing store. The filing of this form does not obligate

the applicant to purchase or the franchisor to sell a franchise or location.

Complete in full and do not use abbreviations. Please print clearly or type.

Online: http://www.subway.com/apply By Fax: +31 20 5317 301 By Mail: SUBWAY International B.V. Prinsengracht 13 1015DK Amsterdam, The Netherlands

SUBWAY® is a registered trademark of Doctor’s Associates Inc. ©2012 Doctor’s Associates Inc.

REFERENCES (Excluding Relatives)

PARTNERS (All partners need to fill out a separate application and if listed, must be named on any Franchise Agreement executed in con nection with this application unless we allow otherwise. )

RESTAURANT OPERATIONS

Name Address Telephone (area/country & city code)

% Ownership First Last Middle Initial

Partner’s Name ________________________________________ □ Active □ Silent _______ □ Male □ Female

Will you have partner (s)? □Yes □ No If not, you may skip this section. Otherwise, please complete all relevant sections below:

Partner’s Name ________________________________________ □ Active □ Silent _______ □ Male □ Female

Partner’s Name ________________________________________ □ Active □ Silent _______ □ Male □ Female

Partner’s Name ________________________________________ □ Active □ Silent _______ □ Male □ Female

How involved will you be in operating the restaurant?

□ 0% Not involved at all

□ 50% Somewhat involved

□100% Completely involved

In what country would you like to open your SUBWAY® restaurant?:

(If different from your country of residence) ____________________________________________________________________________________

Estimated training date should you choose to invest: __________________________________________

If qualified, when will you invest in a franchise?

□ Now

□ Within 6 months

□ 6 months to 1 year

□ More than 1 year

Submit your completed application in one of 3 convenient ways listed:

APPLICATION ©2012 Doctor's Associates Inc.

Date_________________________ Applicant’s Signature (required) ________________________________________________________________________ Date_________________________ Spouse’s Signature (required)__________________________________________________________________________

□ I consent to electronic disclosure (If available in my country)

I understand that the granting of a franchise is at the sole discretion of the Franchisor (Doctor’s Associates Inc., Subway Franchise Systems of Canada, Ltd., Subway International, B.V, Subway Systems do Brasil Ltda., Subway Partners Colombia, C.V., Subway Systems India, Private Limited, Sandwich and Salad Franchises of South Africa, (Pty) Ltd, Subway Systems Australia, Pty. Ltd. or its affiliate). I understand that I must be a citizen or permanent resident of the United States or Canada to purchase a franchise to be located in the respective country. I understand that any information I receive from the Franchisor or from any employee, agent or franchisee of the Franchisor or its affiliate is highly confidential (“Confidential Information”), has been developed with a great deal of effort and expense to the Franchisor, and is being made available to me solely because of this application. I agree that I shall treat and maintain all Confidential Information as confidential, and I shall not, at any time, without the express written consent of the Franchisor, disclose, publish, or divulge any Confidential Information to any person, firm, corporation or other entity, or use any Confidential Information, directly or indirectly, for my own benefit or the benefit of any person, firm, corporation or other entity, other than for the benefit of the Franchisor. I authorize the Franchisor or its designee to procure an investigative consumer report, a general background search and an investigation in accordance with anti-terrorism legislation, such as the USA Patriot Act and Executive Order 13224 enacted by the US Government (collectively referred to as “Investigations”). I understand that these Investigations may reveal information about my background, character, general reputation, mode of living, association with other individuals or entities, creditworthiness, litigation history and job performance (collectively referred to as “Investigation Data”). I understand that, upon written request, within a reasonable period of time, I am entitled to additional information concerning the nature and scope of these Investigations. I hereby release any representative of the Franchisor or its affiliate, a credit bureau, security consultant or other investigative service provider selected by the Franchisor, its affiliates, officers, agents, employees, and/or servants (collectively referred to as the “Investigator”) from any liability arising from the preparation of these Investigations. This authorization for release of information includes but is not limited to matters of opinion relating to Investigation Data. I authorize all persons, schools, companies, corporations, credit bureaus, law enforcement agencies or other investigative service providers to release such information without restriction or qualification to the Investigator. I voluntarily waive all recourse and release them from liability for complying with this authorization. This authorization/release shall apply to this as well as any future request for these Investigations by the above named individuals or entities. I authorize that a photocopy or facsimile of this release be considered as valid as the original. US, PUERTO RICO, GUAM AND CANADA I agree that I will settle any and all previously unasserted claims, disputes or controversies arising out of or relating to my application or candidacy for the grant of a SUBWAY® franchise from Franchisor, pursuant to the laws of Connecticut, USA1 and by binding arbitration only. The arbitration shall be administered by the American Arbitration Association (“AAA”) or its successor (“AAA”) in accordance with its administrative rules including, as applicable, the Commercial Rules of the AAA and under the Expedited Procedures of such rules or under the Optional Rules For Emergency Measures of Protection of the AAA. In the event that the AAA is no longer in business, arbitration shall be administered by the American Dispute Resolution Center or its successor (ADRC”) in accordance with its administrative rules. If both AAA and ADRC are no longer in business, then the parties will agree upon an alternative agency to administer the arbitration. I agree that arbitration will be held in Bridgeport, Connecticut, USA2, conducted in English and decided by a single arbitrator. 1 If I am a resident of Canada, Ontario laws will apply, unless I am a resident of Alberta, Prince Edward Island, or New Brunswick, in which case local provincial law will apply. 2 If I am a resident of Ontario, I agree that arbitration will be held under the Ontario Arbitrations Act in Toronto, Ontario, Canada. If I am a resident of Alberta, I agree that arbitration will be held under the Alberta Arbitrations Act in Calgary, Alberta. If I am a resident of Prince Edward Island, I agree that arbitration will be held under the Prince Edward Island Arbitration Act, in Charlottetown, Prince Edward Island. If I am a resident of New Brunswick, I agree that arbitration will be held under The New Brunswick Arbitrations Act in Fredericton, New Brunswick. EUROPE, LATIN AMERICA, US VIRGIN ISLANDS, ASIA, SOUTH AFRICA, MIDDLE EAST, AUSTRALIA AND NEW ZEALAND I agree that I will settle any and all previously unasserted claims, disputes or controversies arising out of or relating to my application or candidacy for the grant of a SUBWAY® franchise from Franchisor (the “Dispute”), pursuant to the laws of the Netherlands3 and by binding arbitration only. The arbitration will be held in accordance with the United Nations Commission on International Trade Regulations and Law (UNCITRAL) Arbitration Rules administered by the International Centre for Dispute Resolution or its successor (‘ICDR”), an affiliate of the American Arbitration Association. In the event that the ICDR is no longer in business, arbitration will be held in accordance with the UNCITRAL Arbitration Rules administered by the American Dispute Resolution Center or its successor (“ADRC”). If both ICDR and ADRC are no longer in business, then the parties will mutually agree upon an alternative arbitration agency to administer the arbitration. I agree that arbitration will be held in New York, New York, USA4, conducted in English and decided by a single arbitrator. 3 If I am a resident of Brazil, Colombia, Ecuador, Mexico, Egypt, India, the Philippines or Thailand, local laws will apply. If I am a resident of South Africa, the laws of Connecticut, USA will apply. If I am a resident of Australia, the laws of Queensland will apply. 4 If I am a resident of Argentina, Austria, Belgium, Brazil, Colombia, Ecuador, Egypt, Liechtenstein, or Thailand, arbitration will be held in my country. If I am a resident of Australia, I agree to non-binding mediation of the Dispute prior to filing for arbitration, which will be conducted in Australia under the auspices of a mediation service from my State or Territory that the Franchisor and I mutually agree upon. I further agree that if the Dispute is not resolved through the mediation process, arbitration will be held in Queensland under the UNCITRAL Arbitration Rules to be administered by an arbitration association, such as the American Arbitration Association or the Institute of Arbitrators or Mediators Australia. If I am a resident of Brazil, arbitration will be administered by the Mediation and Arbitration Chamber of São Paulo. If I am a resident of Germany, arbitration will be held in the Netherlands to be administered by the Netherlands Arbitration Institute. If I am a resident of South Africa, arbitration will held in Connecticut, USA. Everything that I have stated in this application is true and I understand that the information provided by me will be relied upon by the Franchisor. In accordance with anti-terrorist legislation, I understand that I will not be approved to purchase a franchise if I have ever been a suspected terrorist or associated directly or indirectly with terrorist activities. I read, understand, and agree to all of the above. Additionally, I understand that the Franchisor may require me to pass a standardized Math and English exam. I understand that I will be required to provide proof of amounts listed as Liquid Assets above by providing copies of my bank statements for the past three (3) months as verification.

Revised 02-2012

Through the SUBWAY® brand we got the chance to work together towards fulfilling our dream. With a strong

brand name behind us we are able to run a succesful business and at the same time be proud of selling a fantastic

product to devoted customers. As the company grows we see more and more opportunities come our way and we

can honestly say: This is just the start of a long and prosperous journey. In four years we have developed around 30

stores in the greater Stockholm area and before 2015 our goal is to have more than 100 SUBWAY® stores

up and running. Jennie & Mikael Von Bargen, DAs Sweden

I´m a Chef by profession and have worked as such for over 20 years in restaurants and hotels in Europe. We were so confident of

the SUBWAY® franchise that we sold all our properties in Iceland to open our first SUBWAY® store in July 1999 in Benidorm, Spain.

We opened our second store in 2001 and in 2004 I became the second DA in Spain. The third store opened in 2006 and now we

are opening our fourth store, all in Benidorm. I now have 10 stores open in my territory and things are looking bright for SUBWAY®

stores and franchisees in Comunidad Valenciana.

Helgi B Helgason, DA Spain, 3 franchises

NOTABLE GLOBAL QUOTABLES

After working in the SUBWAY® system for seven years as an employee, first as a Sandwich Artist and eventually as a

Store Manager, all while in college - I had the chance to work as an Area Supervisor for a multi-unit owner. I witnessed

firsthand how the SUBWAY® franchise is such a great opportunity. When I was offered the chance to buy five stores and

become a multi-unit owner myself, it was a dream come true. Eight years later, I own twelve stores and am the Chairman

of the local iFAF board. The SUBWAY® system has been a very lucrative and exciting business to be part of. It has made

all of my financial and personal goals a reality, while at the same time, I enjoy a quality lifestyle. Brad Harris, Franchisee, Denver, Colorado, 13 franchises

I lived in Michigan as a teenager and I especially enjoyed meals at SUBWAY® stores. When my family decided to return to

Poland, I was missing my favourite sandwiches. Then, after several business projects and brushing up on my Polish, I

decided to establish the SUBWAY® brand in Poland. In 1999, I passed the franchise training and opened the first store in

Poland a year later. It was a success and so I decided to open two more SUBWAY® stores. I intend to open up others

because I can see that the popularity of this brand is growing. It is a very interesting job because we create a new quality of

meals and new customs. Because our sandwiches are fantastic and people like them freshly prepared before their eyes, the

SUBWAY® brand will expand in the Central Europe area with great success.

Michael Moritz, Franchisee, Warsaw, Poland, 5 franchises

I grew up on SUBWAY® sandwiches while living in the village of Manotick, Ontario, and after working at the local store first

as a Sandwich Artist™ and then Store Manager, I soon realised that the concept and the brand itself had great potential.

After identifying the UK & Ireland as an untapped market back in 1997, I decided to move to England to become a

Franchisee & Development Agent. The quality of the product and the level of customer service that the SUBWAY® team

provides was exactly what was needed in this marketplace, and SUBWAY® franchise soon became one of the top food

service providers on the High Street. With the assistance of my sister, Andrea Fleck, I am responsible for the development

of the SUBWAY® brand within the Five Counties. Now totalling 60 stores, the SUBWAY® brand is the largest QSR in the

Five Counties, of which we are the proud owners of three stores. The SUBWAY® system provides the product, structure,

and support that is required to assist their Franchisees to reach their goals. James Fleck, DA United Kingdom, 5 franchises

I opened my first SUBWAY® store 6 years ago having worked for another QSR brand for the previous 15 years. Even

though at that time the SUBWAY® brand in the UK was still in its infancy I was attracted to the brand because of its

proven success in the North American market, I was excited by the opportunity to grow my business alongside the brand in

the UK. The SUBWAY® Franchise allows ordinary people to become business owners without the need for a large capital

investment or previous food experience. I have continued to grow my business alongside the SUBWAY® Brand and look

forward to opening many more stores in the future.

Chris Scott, Franchisee, UK, 5 franchises

©2012 Doctor’s Associates Inc.

SUBWAY® is a registered trademark of Doctor’s Associates Inc.

Franchise World Headquarters, LLC

325 Bic Drive, Milford CT 06461

www.subway.com