According to Aplus's 2024 Franchise Disclosure Document, 'Premises' specifically refers to the 'APLUS Premises Lease.' This definition is crucial for understanding various aspects of the franchise agreement, particularly concerning transfer conditions, franchisor's rights, and obligations related to the physical location of the Aplus store.

Specifically, the term 'Premises' is referenced in the context of franchisee transfers, where Sunoco's prior approval is required for all transfers of rights, interests, or obligations under the Aplus Franchise Agreement and related agreements, including the Premises Lease. Additionally, the franchisor's right of first refusal to acquire the franchisee's business and the conditions surrounding such a transaction are tied to the 'Premises'.

Furthermore, in the event of the death, disability, or incapacity of the franchisee, the transfer of ownership of the Aplus store, which includes the 'Premises', to a successor is subject to Aplus's approval and training requirements. Understanding the definition of 'Premises' as it relates to the lease agreement is essential for franchisees to navigate their rights and responsibilities concerning the physical location of their Aplus franchise.