According to the 2025 Pump It Up Franchise Disclosure Document, a Collateral Assignment of Lease agreement is included as an exhibit. Specifically, Exhibit 2 to the Pump It Up Franchise Agreement is a "FORM OF COLLATERAL ASSIGNMENT OF LEASE".

This agreement is significant because it allows the franchisee to collaterally assign their lease to Pump It Up or its designee. This grants Pump It Up the option, but not the obligation, to assume the lease if they take possession of the premises. This arrangement is typically put in place to protect the franchisor's interest in maintaining the location for continued operation of a Pump It Up business, especially if the franchisee defaults on their obligations.

Furthermore, the landlord agrees to consent to this collateral assignment without any assignment fees, similar charges, or increases in rent. Pump It Up's review of the lease does not guarantee the success or profitability of the Pump It Up Business, but it indicates whether the lease terms meet Pump It Up's acceptable criteria. This form is a standard part of the franchise agreement and is intended to provide Pump It Up with a mechanism to secure the location of the franchise in certain circumstances.