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Close Out Sale Of Trademarked Product

The franchiser, _______________, and the franchisee, ___________________, as set forth in their franchise agreement on __________________ and as witnessed by _______________, have agreed to the following additional terms and conditions:

If both parties have agreed to negate contractual agreement, the franchisee will be allowed _______________, to move inventory in the form of a sale on premise. This merchandise must have been purchased prior to expiration or negation of contract. No other locations are considered authorized to sell said merchandise and must be agreed to in writing by franchiser.

Date: ________.

____________________________

Franchiser

____________________________

Franchisee

____________________________

Witness

____________________________

Witness