What is the name of the exhibit that contains the Guaranty and Assumption of Developer's Obligations for a Buona franchise?

According to Buona's 2025 Franchise Disclosure Document, Exhibit C to the Area Development Agreement contains the Guaranty and Assumption of Obligations. This exhibit is important because it requires the owners of the entity (Developer) entering into the Area Development Agreement to personally guarantee the obligations outlined in the agreement.

In simpler terms, Buona requires that the individuals behind the company committing to develop multiple franchise locations also commit their personal assets to ensuring the development obligations are met. This is a common practice in franchising, especially when dealing with area development agreements, as it provides the franchisor with an additional layer of security and assurance that the developer is fully invested in the success of the venture.

Prospective Buona developers should carefully review Exhibit C with their legal and financial advisors to fully understand the extent of their personal liability under the Guaranty and Assumption of Obligations. They should also be aware that all owners of the Developer entity must execute this guaranty concurrently with the execution of the Area Development Agreement.