Who signed the receipt on behalf of Big O Tires, LLC?
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 23 — RECEIPTS (FDD pages 102–535)
What This Means (2025 FDD)
According to the 2025 Big O Tires Franchise Disclosure Document, Marilyn Spunar, in her capacity as Chief Financial Officer of TBC Holdings, LLC, signed the guarantee of performance on behalf of TBC Holdings, LLC. TBC Holdings, LLC is the guarantor assuming the duties and obligations of Big O Tires, LLC under its franchise registration and Franchise Agreement.
This guarantee ensures that TBC Holdings, LLC will fulfill Big O Tires' obligations to its franchisees. This is particularly important for prospective franchisees as it provides an additional layer of security, knowing that a larger entity is backing Big O Tires' commitments. The guarantee remains in effect until all obligations of Big O Tires are satisfied or the liability of Big O Tires to its franchisees has been completely discharged.
The document specifies that the guarantee was signed in Palm Beach Gardens, Florida, on June 10, 2025. It also clarifies that TBC Holdings, LLC does not waive receipt of notice of default on the part of Big O Tires. This means that TBC Holdings, LLC retains the right to be informed if Big O Tires fails to meet its obligations. This guarantee is binding on TBC Holdings, LLC and its successors and assigns, further solidifying the commitment.
While Marilyn Spunar signed the guarantee on behalf of TBC Holdings, LLC, the FDD excerpts do not contain a direct example of a receipt signed by Big O Tires, LLC. However, the document does state that Big O Tires, LLC acknowledges receipt of a franchise deposit in a specified amount from the applicant, but the signature line for Big O Tires, LLC is not provided in the excerpt.