What is the date of the Equipment Lease referenced in the Aira Fitness Guaranty?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
(iii) FRANCHISEE ACCEPTS THE CONDITION OF THE EQUIPMENT AS DELIVERED ON:
| Date: | |--------------| | Franchisee: | | By: | | (Print Name) |
EXHIBIT 1 TO PURCHASE AGREEMENT
List of Initial Fitness Equipment
EXHIBIT G FITNESS EQUIPMENT LEASE
FITNESS EQUIPMENT LEASE AGREEMENT
| THIS LEASE | AGREEMENT (the "Agreement") is made on the day of, 20, | |
|---|---|---|
| (the "Effective Date") by and between Pure Gym Equipment LLC, an Illinois limited liability company | ||
| ("Franchisor's Affiliate") and, a, | ||
| (hereinafter called "You" or "Franchisee") for the lease | of Fitness Equipment for Franchisee's Aira Fitness | |
| franchise business located at ("Business Premises"). | ||
| WITNESSETH | ||
| WHEREAS, Franchisee | and Franchisor's | |
| owns and operates an Aira Fitness franchise business | ||
| Affiliate | ||
| is in the business of leasing and selling fitness equipment to Aira Fitness franchisees; | ||
| WHEREAS, Franchisor's Affiliatedesires to provide for Franchisee's equipment needs as they | ||
| arise from time to time by supplying it equipment. | ||
| WHEREAS, Franchisee is leasing from Franchisor's Affiliate and Franchisor's Affiliate is | ||
| leasing to Franchisee the equipment listed on Schedule 1 to this Agreement on the terms | ||
| described in this Agreement. | ||
| NOW THEREFORE, intending to be legally bound, the parties agree as follows: | ||
| 1. | Basic Lease Terms. | |
| (a) | Franchisor's Affiliate's Address for Notice: | Pure Gym Equipment LLC |
| 600 Rt. 59 | ||
| Ingleside, IL 60041 | ||
| Attn: Mike Bell | ||
| With a copy of all notices going to: | Huck Bouma PC | |
| (Franchisor's Affiliate) | 1755 S. Naperville Rd., Ste. |
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, the Equipment Lease agreement is made "on the day of, 20,". The agreement is between Pure Gym Equipment LLC, identified as the "Franchisor's Affiliate", and the franchisee. The document states that the franchisee will lease fitness equipment for their Aira Fitness franchise business located at a specified "Business Premises".
The agreement specifies that concurrently with the execution of the lease agreement by the franchisee, the guarantor, who is the franchisee, must execute and deliver a Guaranty to the Franchisor's Affiliate. This Guaranty, in the form attached as Schedule 2, ensures the franchisee's full performance under the lease agreement.
Prospective Aira Fitness franchisees should note that the exact date is not specified in the provided excerpt, only that it occurs "on the day of, 20,". It is important to confirm this date, along with all terms and conditions outlined in the Equipment Lease and Guaranty, with Aira Fitness prior to signing any agreements.