What is the 'Premises' defined as in the context of the Byrider lease addendum?

According to the 2025 Byrider Franchise Disclosure Document, the term "Premises" in the context of the lease agreement refers to the physical location that the Tenant (franchisee) leases from the Landlord. This location is where the franchisee will operate their Byrider business. The lease agreement outlines the terms and conditions for the use of this Premises.

The lease addendum includes provisions related to the use of the Premises, compliance with laws, parking, signage, and other operational aspects. Specifically, the franchisee has the right to use the Premises for operating a business offering used vehicles and related financing services under the Byrider name. The landlord also makes representations and warranties that the Premises complies with all applicable laws, including those related to parking.

Furthermore, the lease addendum addresses the relationship between the Landlord, Tenant (franchisee), and Byrider Franchising Partners, LLC (Franchisor). It includes clauses pertaining to the Franchisor's rights, such as the ability to assume management of the business under certain conditions and the right to enter the Premises to remove Byrider signage upon termination of the lease or franchise agreement. The Landlord's consent is required for any modifications or amendments to the lease, and Byrider is to receive copies of any such changes.