In the B Bops agreement, what parties are included in the terms 'Company' and 'Developer'?

According to B Bops' 2025 Franchise Disclosure Document, the term 'Company' refers to B-Bop's Franchising Corp. The term 'Developer' includes the entity entering into the Multiple-Unit Development Agreement.

Furthermore, the Personal Guaranty of Obligations Under Multiple-Unit Development Agreement specifies that the undersigned persons represent to B Bops Franchising Corp. that they are partners or shareholders of the developer entering into the agreement. These individuals agree to be personally bound by the terms, provisions, and conditions of the Agreement, guaranteeing the developer's obligations to B Bops.

In practical terms, this means that not only is the developing company responsible for fulfilling the obligations under the agreement, but also its partners or shareholders are personally guaranteeing the performance of those obligations. This provides B Bops with an additional layer of security, ensuring that there are individuals with a vested interest in the success and compliance of the developer. Prospective developers should be aware that their personal assets could be at risk if the development company fails to meet its obligations under the agreement.