12.2. In the event that MSF is also franchised under a written franchise agreement with the company at the time of termination of this agreement, clause 12.1 MSF is not obliged to return the materials on which MSF is authorised under the current written franchise agreement. Regional activities are also very important in our relationship and for your continuing education. These activities help keep franchisees informed of a wide range of topics and allow you to interact with other franchisees and Mr. Clean Car Wash`s management team. 15.2. Form of the extension agreement. The renewal agreement is the current form of the franchisor`s franchise agreement. Its conditions may provide for other fees or additional charges, or both, and may also deviate significantly from the provisions of this Agreement, except that the duration is the period provided for in point 2.3. The term of this Agreement shall commence on the date set forth above and shall last for ten (10) years, unless terminated earlier by agreement between the Parties or otherwise provided. If MSF has fully fulfilled all the conditions precedent for renewal of Section 14, MSF has the right, but no obligation, to enter into an extension master franchise assignment agreement (the “Extension Agreement”) for a consecutive period of ten (10) years (the “Extension Period”) upon the expiration of this Agreement. Prior to the date of signing the renewal agreement, the franchisee must have met or agreed to the franchisee`s current qualification and training requirements for a renovating Pronto Wash franchisee. This may include, among other things, participation in and successful completion of the franchisee`s initial training program and other training programs defined by the franchisee by the franchisee and the point of service manager, whether such a person has completed such programs or other training programs beforehand.
hold, for passive investment purposes, up to 3% of the shares of a competitive publicly-owned company, such shares being listed and traded on a national stock exchange or through nasdaq, provided that the franchisee does not control the business and does not prevent the franchisee from holding another Pronto Wash franchise under a franchise agreement with the franchisee. . . .