Common use of OPTION TO PURCHASE ADDITIONAL TERRITORY Clause in Contracts

OPTION TO PURCHASE ADDITIONAL TERRITORY. Provided Franchisee is not in default under this Agreement any time during the term of the Franchise, Franchisee shall have an option to purchase one or more additional Areas of Primary Responsibility ("ADDITIONAL AREAS") subject to the terms in effect at the time of Franchisee's election to do so, and subject to the approval of V2K and the availability of Additional Areas. Additional Areas may have more or less than 30,000 households. The fee for each Additional Area is based on the number of households in the Additional Area, and will be the then-current fee, which will be less than the then-current Franchise Fee. Under this provision, Franchisee does not receive any rights other than the right to Actively Promote its Franchise in the Additional Area. The parties will execute an addendum to the Franchise Agreement for each Additional Area, in the form of addendum in the V2K Franchise Offering Circular provided by V2K to Franchisee.