1. The Licensee shall submit an Application to KKI on the Form annexed hereto complete in all respects, supported by the documents listed in the Form.

2. KKI will process the Application and inform the Applicant within a reasonable time, if his Application is rejected out rightly by KKI without having to assign any reasons whatsoever.

3. If the Application is worth considering in KKI’s sole judgment, then KKI will invite the Applicant for a preliminary interview. The Applicant must bring along all the records and present his credentials at such interview. The interview may have to be followed by two to four successive interviews and meetings for clarification and obtention of further information and documents as KKI may at its discretion consider necessary.

4. The final decision will be made by KKI’s Board. If the Application is rejected by KKI’s Board, the Applicant will be informed accordingly within a reasonable time without having to assign any reason.

5. If the Applicant is selected by KKI’s Board, then the Applicant will have to execute a formal Franchise Agreement in the form and substance.

6. Further formalities shall be indicated to such Applicant during the course of interviews, meetings and at the time of signing the Franchise Agreement.

7. The Application, the interviews and discussions shall be kept confidential by KKI and the Applicant.