Does Fast Fix Jewelry And Watch Repairs guarantee any of the franchisee's leases?

CONDITIONAL ASSIGNMENT AND ASSUMPTION OF LEASE

CONDITIONAL ASSIGNMENT AND ASSUMPTION OF LEASE

This Conditional Assignment and Assumption of Lease (the "Assignment") is made, entered into and effective as of the effective date of the Lease (as defined herein below), by Jewelry Repair Enterprises, Inc., a Pennsylvania corporation, with its principal place of business at 6413 Congress Avenue, Suite 240, Boca Raton, Florida 33487 ("we," "us" or "our") and, a(n){corporation, limited liability company}, with its principal place of business at ("you" or "your"). BACKGROUND INFORMATION We entered into that certain Franchise , 20 with you, pursuant to which you plan to own and operate a franchise to operate a Agreement (the "Franchise Agreement") dated as of jewelry and watch repair business, which offers products and services from a kiosk or Inline Store (the "Service Center") located at that certain site approved by us pursuant to Sections 3.1 and 7.1 of the Franchise Agreement ("Site"). In addition, pursuant to that certain Lease Agreement (the "Lease"), you have leased or will lease certain space containing the Service Center described therein from (the "Landlord"). The Franchise Agreement requires you to deliver this Assignment to us as a condition to the grant of a franchise.

OPERATIVE TERMS

We and you agree as follows:

• 1. Background Information: The background information is true and correct.

This Assignment will be interpreted by reference to, and construed in accordance with, the background information.

• 1. Incorporation of Terms: Terms not otherwise defined in this Assignment have the meanings as defined in the Lease.

Source: Item 10 — FINANCING (FDD page 19)