Appendix B to the Area Development Agreement

PERSONAL GUARANTY OF OWNER/SHAREHOLDER

This Personal Guaranty and Assumption of Obligations (this "Guaranty") is as of the Effective Date set forth on the Area Development Agreement to which this Guaranty is attached.

In consideration of, and as an inducement to, the execution of that certain Area Development Agreement of even date herewith ("Agreement") by Beauty Bungalows Franchising, LLC ("Franchisor"), a Wyoming limited liability company, and the franchisee(s) named in the Area Development Agreement to which this guaranty is attached ("Franchisee"), the undersigned hereby personally and unconditionally, jointly and severally: guaranties to Franchisor and its successors and assigns, for the Term of the Agreement and, including any renewal thereof, as provided in the Agreement, that Franchisee shall punctually pay and perform each and every undertaking, agreement and covenant stated in the Agreement and any documents, agreements, and instruments signed with or in connection with the Agreement (collectively, the "Franchise Documents"); and (2) agrees to be personally bound by, and personally liable for the breach of, each and every provision in the Franchise Documents applicable to the owners of Franchisee.

The undersigned waives:

• 1. acceptance and notice of acceptance by Franchisor of the foregoing undertakings;
• 1. notice of demand for payment of any indebtedness or nonperformance of any obligations hereby guarantied;
• 1. protest and notice of default to any party with respect to the indebtedness of non- performance of any obligations hereby guarantied;
• 1. any right the undersigned may have to require that an action be brought against Franchisee or any other person as a condition of liability;
• 1. any and all other notices and legal or equitable defenses to which the undersigned may be entitled;

The undersigned consents and agrees that:

Source: Item 23 — RECEIPTS (FDD pages 48–177)