How are references to the Assignor changed in the Belocal Franchise Agreement?

According to Belocal's 2025 Franchise Disclosure Document, when a franchise agreement is assigned from one party (Assignor) to another (Assignee), specific changes are made to the original agreement. All references to the original franchisee, identified as '[Assignor Name]' in the Franchise Agreement, are deleted and replaced with the name of the new franchisee, '[Assignee Name]'.

Additionally, Attachment E to the Franchise Agreement, which likely contains specific details related to the Assignor, is completely removed and replaced with an amended version. This ensures that the agreement reflects the current ownership and relevant details of the Assignee. The amended Attachment E is attached to the agreement, and it includes a table accurately describing the ownership interests in the Assignee. Each person listed in that table is required to sign a Principals' Undertaking, which is included as Schedule 1.

This process ensures that the Franchise Agreement is updated to accurately reflect the new franchisee and their obligations, while maintaining the integrity and enforceability of the original agreement with necessary modifications.