What does the guarantor of a Floyds 99 franchise agree to be personally bound by?

In consideration of, and as an inducement to, the execution of the above Franchise Agreement (the "Agreement") by Floyd's 99 Franchising, LLC (the "Franchisor"), each of the undersigned hereby personally and unconditionally:

Guarantees to the Franchisor and its affiliates and their respective successors and assigns, for the term of the Agreement and thereafter as provided in the Agreement, that the Franchisee as that term is defined in the Agreement (the "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.

Each of the undersigned waives the following:

• 1. Acceptance and notice of acceptance by the Franchisor and its affiliates of the foregoing undertakings;
• 1. Notice of demand for payment of any indebtedness or nonperformance of any obligations hereby guaranteed;
• 1. Protest and notice of default to any party with respect to the indebtedness or nonperformance of any obligations hereby guaranteed;
• 1. Any right he or she may have to require that any action be brought against the Franchisee or any other person as a condition of liability; and
• 1. Any and all other notices and legal or equitable defenses to which he or she may be entitled.

Source: Item 22 — CONTRACTS (FDD pages 57–58)