According to Ledgers' 2025 Franchise Disclosure Document, Schedule 4 is the Lease Rider. The Lease Rider outlines the rights and responsibilities of Ledgers, the franchisee (referred to as Tenant in this context), and the Landlord in the event that the franchisee defaults on their lease, the lease is terminated, or the franchise agreement is terminated.

Specifically, the Lease Rider ensures that Ledgers receives copies of any default notices sent to the franchisee and grants Ledgers the option, but not the obligation, to cure any default under the lease if the franchisee fails to do so. This allows Ledgers to protect its brand and the location of the franchise. The Landlord must also copy Ledgers on any lease termination notices. If the lease is terminated due to the franchisee's default, Ledgers has the option to enter into a new lease with the Landlord under the same terms and conditions, subject to the Landlord's approval.

Furthermore, if the Franchise Agreement between Ledgers and the franchisee is terminated during the lease term, the franchisee is required to assign the lease to Ledgers upon Ledgers' written request, again subject to the Landlord's approval. This ensures Ledgers can maintain control over the location. The Lease Rider also allows the Landlord and Ledgers to communicate directly with each other about the franchisee and their business. Upon termination or expiration of the Franchise Agreement or the Lease, Ledgers has the right to enter the premises to remove signage and materials bearing Ledgers' brand name, provided they give reasonable notice and cover any damages caused by the removal.

By executing the Lease Rider, Ledgers does not assume any liability with respect to the leased premises or any obligation as the tenant under the lease. This clause protects Ledgers from being held responsible for the franchisee's lease obligations. The Lease Rider is signed by the Landlord and the Tenant (franchisee), acknowledging their agreement to these terms.