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First Right Of Refusal For Reassignment

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:

Franchiser reserves the first right of refusal with a reasonable and realistic offer to acquire any and all rights granted the franchisee in contractual agreement. Franchisee must submit any offer proved franchisee in writing to the franchiser and the franchiser is allowed ____ amount of (days, weeks) to use first right of refusal terms.

Date: ________.

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Franchiser

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Franchisee

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Witness

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Witness