In the Belocal franchise agreement, what happens to all references to the Assignor's name as Franchisee?

According to Belocal's 2025 Franchise Disclosure Document, when a franchise agreement is assigned from one party (Assignor) to another (Assignee), all references to the Assignor's name as Franchisee in the original Franchise Agreement are deleted and replaced with the Assignee's name. This amendment ensures that the Franchise Agreement reflects the new party who is assuming the rights and obligations of the franchise.

This change is formalized through an Assignment and Assumption Agreement. The Assignee commits to adhering to all the original obligations, agreements, commitments, and duties as if they were the original franchisee. This protects Belocal by ensuring the new franchisee is fully bound by the existing terms.

Attachment E to the Franchise Agreement, which likely contains specific details related to the franchisee, is also replaced with an amended version. This suggests that Attachment E contains information that needs to be updated to reflect the new franchisee, such as ownership details or other relevant information. The new owners must sign a Principals' Undertaking, further solidifying their commitment to the agreement.