What is the title of the person who signed the Big O Tires document?
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 signed the TBC Holdings, LLC Guarantee of Performance as Chief Financial Officer. TBC Holdings, LLC guarantees Big O Tires' obligations under its franchise registration and Franchise Agreement. This guarantee remains in effect until all obligations are satisfied or the liability of Big O Tires to its franchisees is completely discharged.
The document specifies that TBC Holdings, LLC, located in Palm Beach Gardens, Florida, provides this guarantee. The guarantee is binding on TBC Holdings, LLC, including its successors and assigns. This indicates that Big O Tires franchisees are protected by a corporate guarantee from Big O Tires' parent company, TBC Holdings, LLC, assuring that the franchisor will meet its financial and contractual obligations.
Prospective franchisees should note that this guarantee provides an additional layer of security, ensuring that Big O Tires has a financially stable entity backing its commitments. Franchisees should review the full guarantee and franchise agreement to understand the extent and limitations of this protection. This type of guarantee is relatively common in franchising, especially when the franchise brand is part of a larger corporate group.