What is Exhibit 5 to the Bee Organized Franchise Agreement?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
terms shall have the meanings set forth in the Franchise Agreement between Franchisor and Franchisee.
If Franchisee is a Corporate Entity, Franchisee represents and affirms to Franchisor that the following list identifies each and every Owner of Franchisee and their respective ownership interests. Owner Name Managing Owner: Franchisor: Owner Address Name of designated Bee Organized Enterprises, LLC Name and Title (please print) Name (please print)
Franchise Agreement Exhibit 1 Owner and Spouse Agreement and Guaranty
OWNER AND SPOUSE AGREEMENT AND GUARANTY
This Franchise Owner and Spouse Agreement and Individual Guaranty (the "Agreement") is individually entered into by you as either an owner of ____________________________ (hereinafter referred to as "Franchisee"), Franchisee, or the spouse of the owner of franchisee and is given and signed by you in favor of Bee Organized Enterprises, LLC, franchisor of the Bee Organized franchise system and in favor of Bee Organized Enterprises, LLC's successors and assigns, upon the terms and conditions set forth in this Agreement. In this Agreement Bee Organized Enterprises, LLC is referred to as "us", "our" or "we", and each individual that signs this Agreement is referred to as "you".
Recitals and Representations
WHEREAS, Franchisee has entered into a Bee Organized Franchise Agreement (the "Franchise Agreement") for the development and operation of a Bee Organized business (the "Franchised Business" or "Bee Organized Business") that offers and provides home and business organization services, life transition and moving assistance, and related concierge services (the "Approved Services and Products") under the Licensed Marks (defined below);
WHEREAS, you represent that you have received and have thoroughly reviewed the completed Franchise Agreement, including schedules and exhibits attached to the Franchise Agreement;
WHEREAS, we have recommended that you thoroughly review the Franchise Agreement, this Agreement and all schedules and exhibits to the Franchise Agreement with a lawyer selected and hired by you;
WHEREAS, you represent to us that you are either: (a) an Owner of Franchisee such that you own or control a legal, equitable or beneficial ownership or equity interest in Franchisee and/or otherwise meet the definition of an "Owner" as set forth in this Agreement; and/or (b) the "Spouse" of an Owner of Franchisee;
WHEREAS, you acknowledge that this Agreement will apply to you individually, jointly and severally with all others who sign this Agreement (including if this Agreement is signed in counterparts or electronically among other Owners and Spouses);
WHEREAS, you acknowledge that this Agreement, among other things, personally obligates you to guarantee Franchisee's obligations to us and obligates you to brand protection, confidentiality and noncompetition restrictions and covenants and that you enter into this Agreement to induce us to enter into the Franchise Agreement with Franchisee; and
WHEREAS, you acknowledge that we are relying on this Agreement and that without this Agreement we would not have entered into and/or would not be simultaneously entering into the Franchise Agreement with Franchisee.
NOW THEREFORE, to induce us to enter into the Franchise Agreement and as consideration to us for entering into the Franchisee Agreement with Franchisee and other consideration, the receipt and sufficiency of which you acknowledge, you agree as follows:
1. Recitals and Representations.
You agree that the foregoing Recitals and Representations are true and accurate and constitute a material part of this Agreement and are hereby incorporated into the main body of this Agreement.
2. Definitions.
Supplementing the terms and definitions contained in the Recitals and Representations:
"Administrative Office(s)" means the fixed administrative offices and/or facilities from which Bee Organized Businesses are established, operated and managed.
"Approved Services and Products" shall have the meaning defined in the Recitals and Representations section of this Agreement and shall further refer to and mean those products and services that we authorize for sale by Bee Organized Businesses.
Source: Item 23 — RECEIPTS (FDD pages 54–218)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Exhibits 1 and 2 to the Bee Organized Franchise Agreement are the Owner and Spouse Agreement and Guaranty, and the Confidentiality Agreement, respectively. The FDD also mentions Exhibit J, which is the receipt. The document does not specify what Exhibit 5 to the Bee Organized Franchise Agreement is.
A prospective franchisee should ask Bee Organized for a full list of exhibits to the Franchise Agreement. This will ensure they understand all documents they will be required to sign and adhere to.
Understanding all exhibits is crucial as these documents contain important terms, conditions, and obligations related to the franchise. Knowing what each exhibit entails helps a franchisee make an informed decision and avoid potential misunderstandings or disputes in the future.