Where can I find a copy of the Assetco guarantee for the Bft franchise?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
As described in Item 21 of this Disclosure Document, Assetco guarantees our obligations as franchisor.
EXHIBIT D GUARANTY OF PERFORMANCE
GUARANTY OF PERFORMANCE
For value received, XPOF ASSETCO, LLC, a Delaware limited liability company located at 17877 VON KARMAN AVENUE, SUITE 100, IRVINE, CALIFORNIA 92614 (the "Guarantor"), absolutely and unconditionally guarantees the performance by BFT FRANCHISE SPV, LLC, a Delaware limited liability company, located at 17877 VON KARMAN AVENUE, SUITE 100, IRVINE, CALIFORNIA 92614 (the "Franchisor"), of all of the obligations of Franchisor in accordance with the terms and conditions of the franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees as amended, modified or extended from time to time. This guaranty continues in full force and effect until all obligations of the Franchisor under its franchise registrations and Franchise Agreements are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive notice of Franchisor's default. This guaranty is binding on the Guarantor and its successors and assignees.
The Guarantor signs this guaranty at Irvine, California on the 14 day of March , 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the Assetco guarantee, where XPOF Assetco, LLC guarantees Bft's obligations as franchisor, can be found in Item 23 as Exhibit D. This exhibit contains the Guaranty of Performance, which outlines the terms and conditions of the guarantee provided by Assetco. The guarantee ensures that Assetco will cover Bft's obligations under the franchise registration and Franchise Agreement.
This guarantee remains effective until all of Bft's obligations under its franchise registrations and Franchise Agreements are fulfilled or until Bft's liability to its franchisees is completely discharged. The guarantor, Assetco, is not released from liability if a franchisee's claim against Bft remains outstanding. Notice of acceptance of the guarantee is waived, but the guarantor does not waive notice of Bft's default.
For a prospective Bft franchisee, this guarantee provides an added layer of security, knowing that Bft's obligations are backed by its parent company, Assetco. It assures franchisees that even if Bft faces financial difficulties, Assetco is legally bound to ensure that Bft meets its commitments under the Franchise Agreement. This can be a significant factor in building trust and confidence in the franchise system.