What conditions must a proposed transferee meet to be approved by Crawlspace Medic for a franchise transfer?

If Franchisee has complied fully with this Agreement and subject to Franchisor's Right of First Refusal set forth in Section 16.6, Franchisor will not unreasonably withhold its consent of a Transfer that meets the following requirements:

• 16.3.1.

The proposed transferee and all its principals must have the demeanor, and be individuals of good character and otherwise meet Franchisor's thenapplicable standards for franchisees.

• 16.3.2.

The transferee must have sufficient business experience, aptitude and financial resources to operate the Franchised Business and to comply with this Agreement;

• 16.3.3.

The transferee has agreed to complete Franchisor's Initial Training Program to Franchisor's satisfaction;

• 16.3.4.

Franchisee has paid all amounts owed to Franchisor and third-party creditors;

• 16.3.5.

The transferee has executed Franchisor's then-standard form of Franchise Agreement, which may have terms and conditions different from this Agreement, except that the transferee shall not be required to pay the Initial Franchise Fee;

• 16.3.6.

Franchisee and the transferee and each of Franchisee's and the transferee's Principals shall have executed a general release under seal, in a form satisfactory to Franchisor, of any and all claims against Franchisor and Franchisor's officers, directors, shareholders, members and employees in their corporate and individual capacities, including, without limitation, claims arising under federal, state and local laws, rules and ordinances.

Source: Item 22 — CONTRACTS (FDD page 42)