What exhibit in the Batteries Plus Bulbs Franchise Agreement covers the 'Guaranty and Assumption of Obligations'?

According to the 2025 Batteries Plus Bulbs Franchise Disclosure Document, Exhibit C to the Batteries Plus Bulbs Franchise Agreement contains the Guaranty and Assumption of Obligations. This exhibit is a standard legal document where a third party (the guarantor) agrees to be responsible for the financial or performance obligations of the franchisee if the franchisee defaults.

This is a common practice in franchising, especially when the franchisee is a corporate entity or has limited operating history. The guarantor is often a principal owner or related party with sufficient assets or financial standing to provide assurance to Batteries Plus Bulbs that the franchise obligations will be met.

Prospective Batteries Plus Bulbs franchisees should carefully review Exhibit C with their legal and financial advisors to fully understand the scope of the guaranty and the potential liabilities it creates. They should also be aware of the conditions under which the guaranty may be triggered and the steps they can take to mitigate the risk of default.