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13.03 Acceptance Procedure. <br />A. Company shall accept the Franchise, in form and substance acceptable to <br />Grantor. Upon acceptance of the Franchise, Company shall be bound by all <br />its terms and conditions. <br />B. The Offering shall be permanently kept and filed in the Office of the <br />Commission and the originals or reproductions thereof shall be available for <br />inspection by the public during normal business hours. <br />C. Company shall have continuing responsibility for the Franchise, and if <br />Company be a subsidiary or wholly owned corporate entity of a parent <br />corporation, performance of the Franchise shall be secured by guarantees of <br />the parent corporation in form and substance acceptable to Grantor, which <br />shall be delivered at time of, and as part of, acceptance of the Franchise. <br />D. With its acceptance, Company shall deliver to Commission true and correct <br />copies of documents creating Company and evidencing its power --and <br />authority to accept the Franchise. Further, such documents shall describe <br />officers authorized to accept on behalf of Company. <br />E. With its acceptance, Company shall also pay all costs and expenses incurred <br />by Grantor in connection with the franchising process. Grantor shall provide <br />an itemized statement to Company. Costs or expenses of Grantor not <br />identified at that time shall be paid promptly by Company upon receipt of an <br />itemized statement from Grantor. It is the intent of Grantor and Company <br />that Grantor be reimbursed for all costs and expenses in connection with the <br />31 <br />