1. The Applicant must identify the location of the Premises where the Franchise Business would be commenced or carried out, in the Application. If such Premises have not been purchased or taken on rent at the time of the submission of the Application, the Applicant must identify the area within which he proposes to commence the Franchise business. If the Franchise License is eventually granted to the Applicant, then the Applicant shall, within a period of three months from the date of the grant of Franchise License and in any case, before the commencement of the operations, acquire or take on long term lease a suitable premises within the same area as was committed by him in the Application, failing which the Franchise would be terminated at KKI’s discretion. Appropriate proof of the acquisition or renting of the Premises shall be submitted to KKI.

2. The Premises will be subject to the prior approval of KKI and the Franchise would become operational only after the Premises have been approved.

3. The entire Premises will be purchased or taken on lease by the Franchisee in its exclusive name and shall be used only for carrying on the Franchise business of KKI as the Exchange Company and for no other business, occupation or other purposes whatsoever.

4. The Premises must not be located, where KKI has its own operations or branches or other Franchisees under Franchises already granted by KKI. This factor clearly should be borne in mind before the Applicant selects the location for establishing a Franchise outlet of KKI and/or submitting a formal Application to KKI.

5. Furnishing and furbishing of the Premises would also be done in consultation with KKI through appropriate interior designer and contractor. The interior space planning, air-conditioning, designing, furnishing, lighting and in particular, the colour scheme shall be subject to KKI’s approvals. The exterior shall also be painted and decorated in accordance with KKI’s approved standards.

6. Appropriate safe deposit vault of the size and specifications as may be approved by KKI must be installed in the Premises with dual lock control system.

7. The Premises shall be equipped with all modern business equipment and facilities, such as cameras, automated security system, computers, fax machines, calculators, telex, telephones, etc. with e-mail and internet connections, satisfactory to KKI.

8. A prominent sign-board, bill-board / name plate will be affixed in front of the Premises near the main entrance, prominently displaying the following: