Who is the guarantor for Big O Tires' obligations?
Big_O_Tires Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, TBC Holdings, LLC, a Delaware limited liability company (the "Guarantor"), located at 4260 Design Center Drive, Palm Beach Gardens, Florida 33410, absolutely and unconditionally guarantees to assume the duties and obligations of Big O Tires, LLC, located at 4260 Design Center Drive, Palm Beach Gardens, Florida 33410 (the "Franchisor"), under its 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 the franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement 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 receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor signs this guarantee at Palm Beach Gardens, Florida on the 10th day of June, 2025.
Guarantor:
TBC HOLDINGS, LLC
By: /s/ Marilyn Spunar Name: Marilyn Spunar TBC Holdings, LLC Title: Chief Financial Officer
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 101–102)
What This Means (2025 FDD)
According to Big O Tires' 2025 Franchise Disclosure Document, TBC Holdings, LLC, a Delaware limited liability company, serves as the guarantor for Big O Tires, LLC's obligations. TBC Holdings, LLC is located at 4260 Design Center Drive, Palm Beach Gardens, Florida 33410. As the guarantor, TBC Holdings, LLC absolutely and unconditionally guarantees to assume the duties and obligations of Big O Tires, LLC under its franchise registration in each state where the franchise is registered and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document.
This guarantee remains in effect until all obligations of Big O Tires under its franchise registrations and the Franchise Agreement are satisfied, or until the liability of Big O Tires to its franchisees under the Franchise Agreement has been completely discharged, whichever occurs first. The guarantee specifies that TBC Holdings, LLC will not be released from liability if a franchisee's claim against Big O Tires remains outstanding.
The guarantor, TBC Holdings, LLC, does not waive receipt of notice of default on the part of Big O Tires. The guarantee is binding on TBC Holdings, LLC, including its successors and assigns. The document indicates that TBC Holdings, LLC, signed the guarantee on June 10, 2025, in Palm Beach Gardens, Florida, with Marilyn Spunar, as Chief Financial Officer, signing on behalf of TBC Holdings, LLC.