TERMINATION OF MASTER FRANCHISE AGREEMENT

FOLLOWING THE RECENT TERMINATION OF THE SAN CHURRO MASTER FRANCHISE AGREEMENT FOR INDIA AND NEPAL, SAN CHURRO DOES NOT PRESENTLY INTEND TO APPOINT A NEW MASTER FRANCHISEE OR GRANT ANY NEW FRANCHISES IN INDIA AND NEPAL. PLEASE NOTE THAT NO PERSON OR ENTITY HAS ANY AUTHORITY TO GRANT FURTHER SAN CHURRO FRANCHISES IN INDIA AND NEPAL AT PRESENT. THIS INCLUDES MR. DHAVAL PATEL, DIVINE COCO PTY LTD AND THEIR ASSOCIATES.

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