ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

this Lease inures to the benefit of and is binding upon the heirs, personal representatives, and
permitted successors and assigns of the parties hereto.
16.) Ownership. The Equipment is and shall at all times remain the sole and exclusive
property of Lessor. Lessee shall have no right, title, or interest therein or thereto except as
expressly set forth in this Lease. The Equipment shall remain personal properly regardless of
whether it becomes affixed or attached to real property, or permanently rests upon any real
property or any improvement thereon. Lessee agrees to execute all such agreements and other
documents, and to obtain the execution thereof, in recordable form, by all parties having an
interest in any real property to which any of the Equipment is affixed, as Lessor may, from time
to time, reasonably request, with respect to the identity of the Equipment as personal property,
and Lessee further consents to the recordation of all such agreements and documents.
17.) Surrender. Upon the expiration or other termination of this Lease in respect of
any unit of Equipment, whether by passage of time or otherwise, Lessee shall surrender and
return possession of such Equipment to Lessor, free of all advertising and insignia placed thereon
by Lessee, and in good condition, repair, and working order, ordinary wear and tear resulting
from proper use thereof excepted, unless Lessee exercises its option to purchase the Equipment
pursuant to Section 5 above. Lessee shall have the duty, and Lessor shall have the right, to
remove the Equipment from the premises whereon the same is located, whether or not affixed or
attached to the realty or any building, at the sole risk, cost and expense of Lessee. The Lessor
shall not be liable for any damage caused to the realty or any building by the removal of the
Equipment. Equipment returned to the Lessor shall be properly prepared for shipment and shall
be shipped in accordance with Lessor's instructions, at Lessee's expense and with insurance and
freight charges prepaid by Lessee to a point designated by Lessor.
18.) Offset. Lessee hereby waives any and all existing and future claims and offsets,
against any rent or other payments due hereunder, and agrees to pay the rent and other amounts
hereunder regardless of any offset or claim which may be asserted by Lessee or on its behalf.
Lessee hereby further acknowledges that the manufacturer or vendor of the Equipment, including
their agents and employees, were at no time and are not now the agent or under the supervision
of the Lessor, nor was or is the Lessor in any manner, the agent of the manufacturer or vendor.
19.) Non-Waiver. No waiver of any Lessee's obligations, conditions, or covenants
shall be deemed to take place except such waiver that may be in writing and signed by Lessor.
Failure to exercise such remedies which Lessor may have hereunder or any other acquiescence in
the default of Lessee by Lessor shall not constitute a waiver of any obligation of Lessee,
including if applicable the obligation in which Lessee is in default, and Lessor shall be entitled to
pursue any remedy available to it hereunder or at law or equity until Lessee has rendered
complete performance of all obligations hereunder.
20.) Notice. All notices required or permitted under this Agreement shall be sufficient
if delivered personally or mailed to the party at the address set forth below after its signature, or
at such other address as either party may designate in writing from time to time. Any such notice
shall be effective when delivered, or three (3) days after it has been deposited in the United States
mail, duly addressed and postage prepaid.
7.