other physical characteristics of the site, photographs of the site, demographic characteristics, traffic patterns, competition from other businesses in the area, and other commercial characteristics. Pretzel Time's approval of the site indicates only that Pretzel Time believes that the site falls within acceptable criteria established by Pretzel Time as of the time period encompassing the evaluation. Franchisee agrees that Pretzel Time shall not be responsible for the failure of a franchise, site and/or premises approved by Pretzel Time to meet expectations as to potential revenue or operational criteria. Franchisee acknowledges and agrees that his acceptance of a Franchise for the operation of a Unit in the Territory is based on his own independent investigation of the suitability of the mall location. Franchisee acknowledges that Pretzel Time's approval of the lease or sublease for the Unit does not constitute a guarantee or warranty by Pretzel Time, express or implied, of the successful operation or profitability of a Unit operated at the designated Site. Such approval indicates only that Pretzel Time believes that the Unit and the terms of the lease fall within the acceptable criteria established by Pretzel Time as of the time period encompassing the evaluation. 7.B. LEASE. Pretzel Time and Franchisee further agree that Pretzel Time shall negotiate the basic economic terms of the lease in consultation with the Franchisee. Franchisee agrees to execute a letter of intent for the lease premises which outlines the basic economic terms of the lease and return it to Pretzel Time within five (5) days of receipt of same. Franchisee acknowledges and agrees that he is responsible for reviewing the terms of the agreement and making any necessary changes to the lease agreement. Franchisee shall not execute any lease agreement without the prior approval of Pretzel Time, which shall be conditioned upon inclusion