1.1 In consideration of the Franchisor entering into this Agreement with the Franchisee at the request of the Principal, the Principal:

• 1.1.1 irrevocably guarantees to the Franchisor that the Franchisee will duly observe and perform all of its obligations contained in this Agreement and all other agreements entered into by the Franchisee pursuant to the Business; and

• 1.1.2 further covenants with the Franchisor that if the Franchisee shall:

• • (a) fail to pay to the Franchisor any sum or sums due under the Agreement; or

• • (b) fail to observe or perform any of its obligations under the Agreement [and whether or not any action has been taken to enforce the obligations of the Franchisee or any judgement has been obtained against the Franchisee, or there have been any dealings or transactions between the Franchisee and the Franchisor and whether or not the Franchisee has been dissolved or liquidated or there has been a change in the control or ownership of the Franchisee or any other circumstances have occurred which might otherwise constitute a legal or equitable discharge of a guarantor],