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Franchisee Corporate Reorganization
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:
Upon signing, franchiser employs franchisee not to alter standard conduct of business. In the case of merger, consolidation and or reorganizing the company, franchisee must obtain agreement of franchiser in writing before any changes may be executed. No exchange, or transfer of stock will be recognized unless in accordance of prior contractual agreement or written request with legal consent.
*** If Required By State Law ***
This Section for Notary:
State of _________
County of ________ [COUNTY]
On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
My commission expires: _____