What is the 'Guaranty Agreement' in relation to the All Team agreement?

FRANCHISEE IS NOT A FRANCHISEE OF ATFC AND MAY NOT RELY UPON BECOMING A FRANCHISEE OF ATFC.**

IN WITNESS WHEREOF, the parties have executed this Agreement on the date set forth below their names.

ALL TEAM FRANCHISE CORPORATION Brian Hindman, Chief Executive Officer , Address of FRANCHISEE:# GUARANTY AND ASSUMPTION OF OBLIGATIONS

In consideration of, and as an inducement to, the execution of the above Franchise Agreement (the "Agreement"), by ALL TEAM FRANCHISE CORPORATION ("ATFC") in favor of _______________________ ("FRANCHISEE"), each of the undersigned ("GUARANTORS") hereby personally and unconditionally guarantees to ATFC, its Affiliates (as hereinafter defined), and their successors and assigns for the term of the Agreement and thereafter as provided in the Agreement, that FRANCHISEE shall punctually pay and perform each and every undertaking, agreement and covenant set forth in the Agreement and agrees to be personally bound by, and personally liable for the breach of each and every provision in the Agreement, including but not limited to, the restrictive covenants and nondisclosure provisions contained in the Agreement, as well as the provisions in the Agreement relating to the Marks and Transfers to the same extent as and for the same period of time as FRANCHISEE is required to comply with and abide by such covenants and provisions. All of the foregoing obligations of the undersigned shall survive any expiration or termination of the Franchise Agreement or this Guaranty and Assumption of Obligations. The GUARANTORS further hereby personally and unconditionally guarantee all debts and obligations FRANCHISEE incurs to ATFC, its successors, assigns, affiliated entities, parent corporation, and subsidiaries ("Affiliates"), as the case may be, as a result of any obligations under the Agreement and as a result of purchases of products or services from ATFC and its Affiliates. Each of the undersigned waives:

• (1) acceptance and notice of acceptance by ATFC or Affiliates of the foregoing undertakings;
• (2) notice of demand for payment of any indebtedness or nonperformance of any obligations hereby guaranteed;
• (3) protest and notice of default to any party with respect to the indebtedness or nonperformance of any obligations hereby guaranteed;
• (4) any right he or she may have to require that an action be brought against FRANCHISEE or any other person as a condition of liability;
• (5) all rights to payments and claims for reimbursement or subrogation which any of the GUARANTORS may have against the FRANCHISEE arising as a result of the GUARANTORS' execution of and performance under this guaranty; and
  • (6) any and all other notices and legal or equitable defenses to which he or she may be entitled.

Each of the undersigned consents and agrees that:

• (1) his or her direct and immediate liability under this guaranty shall be joint and several;
• (2) he or she shall render any payment or performance required under the Agreement upon demand if the FRANCHISEE fails or refuses punctually to do so;
• (3) such liability shall not be contingent upon or conditioned upon pursuit by ATFC or Affiliates of any remedies against the FRANCHISEE or any other person; and
• (4) such liability shall not be diminished, relieved or otherwise affected by any extension of time, credit or the indulgence which ATFC or Affiliates may from time to time grant to the FRANCHISEE or to any other person, including, without limitation, the acceptance of any partial payment or performance or the compromise or release of any claims, none of which shall in any way modify or amend this guaranty, which shall be continuing and irrevocable during the term of the Agreement.

If ATFC or any of the Affiliates are required to enforce this Guaranty and Assumption of Obligations in any judicial proceeding or appeal thereof, the GUARANTORS shall reimburse ATFC and Affiliates for its costs and expenses, including, but not limited to, reasonable accountants', attorneys', attorney assistants', and expert witness fees, costs of investigation and proof of facts, court costs, other litigation expenses and travel and living expenses, whether incurred prior to, in preparation for or in contemplation of the filing of any written demand, claim, action, hearing or proceeding to enforce this Guaranty.

The terms of this Guaranty and Assumption of Obligations shall be governed by and construed according to the laws of the State of Florida. ATFC may institute any action arising out of or relating to this Guaranty and Assumption of Obligations in any state or federal court of general jurisdiction in the State of Florida, and guarantors irrevocably submit to their jurisdiction and waive any objection to the application of Florida law or to the jurisdiction, governing law or venue in those Florida courts.

Source: Item 22 — CONTRACTS (FDD pages 33–34)