expeditiously such substitute site in compliance with specifications and standards then applicable under new or successor franchises for Pretzel Time units; and (3) Pretzel Time has not given notice of its election not to renew six (6) months prior to the expiration of the initial twenty (20) year term; and (4) Franchisee is not in default of any material term or condition of the lease agreement, or any other agreement between Pretzel Time and Franchisee; and (5) Franchisee executes Pretzel Time's then current Franchise Agreement and other ancillary agreements required and being offered to new Franchisees on the date of renewal, which agreements shall supersede in all respects this Agreement and the terms of which may differ from the terms of this Agreement, including, without limitation, Royalty Fees and Advertising Fund Fees, other fees and charges, performance criteria, and a provision which allows Pretzel Time and its Affiliates to reserve the right, both within and outside of the Territory, to offer and sell at wholesale or retail, through channels of distribution distinct from those of a Franchise, Products and services which comprise, or may in the future comprise a part of the Pretzel Time System, which Products may be resold at retail to the general public by such entities; and (6) Franchisee is in full compliance with Pretzel Time's Operations Manual; and (7) On renewal, Franchisee agrees to pay the current renewal fee, the Royalty and Advertising Fund fees specified in Pretzel Time's current Franchise Agreement then being offered new Franchisees on the date of renewal; and (8) Franchisee shall execute general releases, in form satisfactory to Pretzel Time, of any and all claims against Pretzel Time and its Affiliates and their officers, directors, employees, agents, successors and assigns arising under this Agreement; and (10) Franchisee has complied with Pretzel