the event Franchisee or its successor is a corporation or partnership or similar entity, it is agreed as follows: (1) That the Articles of Incorporation and By-Laws or the Partnership Agreement, shall reflect that the issuance and transfer of voting stock or other ownership interest therein, is restricted by the terms of this Agreement. Franchisee shall furnish Pretzel Time at the time of the execution of this Agreement or of assignment to the corporation or partners of Franchisee, a written agreement stating that no stockholder or partner will sell, assign or transfer voluntarily or by operation of law any securities of Franchisee, or other ownership interest in Franchisee, to any person or entity other than existing shareholders or partnership, to the extent permitted hereunder, without the prior written consent of Pretzel Time. All securities issued by Franchisee will bear the following legend which shall be printed legibly and conspicuously on each stock certificate or other evidence of Ownership Interest: "The transfer of these securities is subject to the terms and conditions of a Franchise Agreement with Pretzel Time, Inc. dated , 199____. Reference is made to said Agreement and to the restrictive provisions of the Articles and By-laws or Shareholders or Partnership Agreement." (2) That if Franchisee or a successor, is a corporation, the majority of the capital stock thereof shall not at any time or in the aggregate be sold, assigned, pledged, mortgaged or transferred without the prior written consent of Pretzel Time. (3) Franchisee represents and warrants that its Owners are as set forth on Exhibit B attached to this Agreement and covenants that it will not vary from that ownership structure without the prior written approval of Pretzel Time. 17.F. DEATH OR DISABILITY OF FRANCHISEE. Upon the death or Permanent Disability of Franchisee or, if Franchisee is