Guarantees Of Master Franchise Agreement

• Parties: Kiosk Concepts, Inc. ("Franchisor"), ("Master Franchisee"), ("Guarantors")
• Section: Commercial Contracts

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AttachmentBto

MasterFranchiseAgreement

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GUARANTEESOFMASTERFRANCHISEAGREEMENT

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AsaninducementtoKioskConcepts,Inc.(“Franchisor”)toenterintoaMasterFranchiseAgreementwith

__N/A____________________(“MasterFranchisee”)dated__________________,20____(the“MasterFranchiseAgreement”),

___________________________________(“Guarantors”),jointlyandseverallyagreeasfollows:

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A.GuarantorsshallpayorcausetobepaidtoFranchisorallmoniespayablebyMasterFranchiseeundertheMasterFranchise

Agreementonthedaysandtimesandinthemannerthereinappointedforpaymentthereof.

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B.GuarantorsshallunconditionallyguaranteefullperformanceanddischargebyMasterFranchiseeofalltheobligationsofMaster

FranchiseeundertheMasterFranchiseAgreementatthetimesandinthemannerthereinprovided.

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C.GuarantorsshallindemnifyandsaveharmlessFranchisoranditsaffiliatesagainstandfromalllosses,damages,costs,andexpenses

whichFranchisoranditsaffiliatesmaysustain,incur,orbecomeliableforbyreasonof:(1)thefailureforanyreasonwhatsoeverofMaster

FranchiseetopaythemoniespayablepursuanttotheMasterFranchiseAgreementortodoandperformanyotheract,matterorthingpursuant

totheprovisionsoftheMasterFranchiseAgreement;or(2)anyact,action,orproceedingoforbyFranchisorfororinconnectionwiththe

recoveryofmoniesortheobtainingofperformancebyMasterFranchiseeofanyotheract,matterorthingpursuanttotheprovisionsofthe

MasterFranchiseAgreement.

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D.FranchisorshallnotbeobligatedtoproceedagainstMasterFranchiseeorexhaustanysecurityfromMasterFranchiseeorpursueor

exhaustanyremedy,includinganylegalorequitablereliefagainstMasterFranchisee,beforeproceedingtoenforcetheobligationsofthe

GuarantorsunderthisGuarantee,andtheenforcementofsuchobligationsmaytakeplacebefore,after,orcontemporaneouslywith,enforcement

ofanydebtorobligationofMasterFranchiseeundertheMasterFranchiseAgreement.

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E. WithoutaffectingtheGuarantors’obligationsunderthisGuarantee,Franchisor,withoutnoticetotheGuarantors,mayextend,

modify,orreleaseanyindebtednessorobligationofMasterFranchisee,orsettle,adjust,orcompromiseanyclaimsagainstMasterFranchisee.

GuarantorswaivenoticeofamendmentoftheMasterFranchiseAgreementandnoticeofdemandforpaymentorperformancebyMaster

Franchisee.

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F.Guarantors’obligationsunderthisGuaranteeshallremaininfullforceandeffect,andshallbeunaffectedby:(1)theunenforceability

oftheMasterFranchiseAgreementagainstMasterFranchisee;(2)theterminationofanyobligationsofMasterFranchiseeundertheMaster

FranchiseAgreementbyoperationoflaworotherwise;(3)thebankruptcy,insolvency,dissolution,orotherliquidationofMasterFranchisee,

including,withoutlimitation,anysurrenderordisclaimeroftheFranchiseAgreementbythetrusteeinbankruptcyofMasterFranchisee;(4)

Franchisor’sconsentoracquiescencetoanybankruptcy,receivership,insolvency,oranyothercreditor’sproceedingsoforagainstMaster

Franchisee,orbythewinding-upordissolutionofMasterFranchisee,oranyothereventoroccurrencewhichwouldhavetheeffectatlawof

terminatingtheexistenceofMasterFranchisee’sobligationspriortotheterminationoftheMasterFranchiseAgreement;or(5)byanyother

agreementsorotherdealingsbetweenFranchisorandMasterFranchiseehavingtheeffectofamendingoralteringtheMasterFranchise

AgreementorMasterFranchisee’sobligationsunderthisGuarantee,orbyanywantofnoticebyFranchisortoMasterFranchiseeofanydefault

ofMasterFranchiseeorbyanyothermatter,thing,act,oromissionofFranchisorwhatsoever.

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Source: SOUPMAN, INC., 8-K, 8/14/2015