Does the Amorino Area Development Agreement allow assignment to an affiliate?

7.5 Individual Franchise Agreements

Area Developer shall not execute any Franchise Agreement, or construct or equip any Store with a view to transfer or assign such Franchise Agreement or Store.

7.6 Assignment to Affiliate

Notwithstanding the foregoing, Company shall permit Area Developer to form a new legal entity ("Affiliate") to sign a Franchise Agreement under this Agreement and a lease for a Store to be opened under this Agreement, provided that:

• (i) The affiliate has the same owners as the area developer holding 51% or more of its property or voting rights, or the affiliate is a directly or indirectly controlled affiliate of the area developer, and the area developer provides written evidence of same;
• (ii) that the Affiliate expressly assumes in writing for the benefit of Company all rights and obligations of Area Developer under this Agreement and all franchise agreements executed pursuant hereto;

• (iii) that as of the date of any such assignment, the Area Developer shall have fully complied with all of its obligations to Company, whether under this Agreement or any other agreement, arrangement or understanding with Company;
• (iv) that Area Developer provides a general release to Company, its owners, officers, directors, and affiliates;
• (v) that the Area Developer shall pay to Company a transfer fee equal to $1,000 which is reasonably required to cover Company's legal and administrative expenses in connection with this transfer of these rights.

Source: Item 22 — CONTRACTS (FDD pages 80–81)