Silvernail was a long-term employee of Guarantor prior to the
consummation of the transactions described in the Purchase Agreement. Guarantor
desires continuity in the Macon, Georgia market by way of a sale to an
experienced operator like Silvernail, with an opportunity, in consideration of
this Guaranty, to reclaim the Macon, Georgia operations in the event of a
default by the S&P to Lender. Guarantor has a
substantial interest in assisting Silvernail in acquiring the
franchise subject to the Purchase Agreement, and has caused the
incorporation of S&P to acquire the operating assets of such franchise and to
thereafter operate the same.
Silvernail was a long-term employee of Guarantor prior to the
consummation of the transactions described in the Purchase Agreement. Guarantor
desires continuity in the Macon, Georgia market by way of a sale to an
experienced operator like Silvernail, with an opportunity, in consideration of
this Guaranty, to reclaim the Macon, Georgia operations in the event of a
default by the S&P to Lender. Guarantor has a
substantial interest in assisting Silvernail in acquiring the
franchise subject to the Purchase Agreement, and has caused the
incorporation of S&P to acquire the operating assets of such franchise and to
thereafter operate the same.
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