Franchise (please explain the meaning and need of this clause)

alpana gupta (Querist) 19 July 2014 This query is : Resolved
Sir/Madam,

PRINCIPAL(S) - ______________________, _____________________,
_____________________ and __________________________, (if any) who are (and
such other persons or entities to which restaurant gives consent and which are
from time to time) the record and beneficial owner of, and has the right to
vote its respective interest (collectively 100%) in the Securities of
Franchisee or the securities or partnership interest of any person or entity
designated by Restaurant's which owns or controls a direct or indirect interest
in the Securities of the Franchisee.

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