For Brightstar Care, what exhibit must each owner sign and be irrevocably bound by when executing Exhibit D?

According to Brightstar Care's 2025 Franchise Disclosure Document, when executing Exhibit D, each owner, regardless of their ownership interest, must sign and be irrevocably bound by the Personal Guarantee included as Exhibit E. Additionally, if the franchisee is a corporation initially owned in majority by the corporation's 401(k) plan, they must also sign Exhibit L.

This requirement ensures that all owners are personally responsible for the obligations and liabilities of the franchise. The Personal Guarantee (Exhibit E) likely holds each owner individually liable for the debts and performance of the franchise, providing Brightstar Care with an additional layer of security. This is a common practice in franchising, as it aligns the owners' personal interests with the success of the franchise and encourages diligent management.

For a prospective Brightstar Care franchisee, this means that before finalizing the franchise agreement, each owner needs to carefully review and understand the terms of the Personal Guarantee (Exhibit E) and, if applicable, Exhibit L. They should seek legal counsel to fully grasp the implications of these documents, as they will be personally liable for the franchise's obligations. This personal guarantee remains in effect regardless of the owner's percentage of ownership in the franchise.