Does City Wide require a Spousal Guaranty and Assumption of Obligations, as indicated by Attachment A-2?

According to City Wide's 2025 Franchise Disclosure Document, spouses or domestic partners of principals, owners, or stockholders are required to provide a conditional guaranty of payment. This guaranty is detailed in the form attached to the Franchise Agreement as Attachment A-2, titled "SPOUSAL GUARANTY AND ASSUMPTION OF OBLIGATIONS."

The Spousal Guaranty unconditionally guarantees the punctual payment of all obligations of the Franchisee under the Franchise Agreement. This includes fees, expenses, and interest. The Spousal Guarantor also agrees to cover any expenses, including attorney fees, incurred by City Wide in enforcing its rights under the Guaranty, with some limitations. The Guaranty remains effective even if any payment of the obligations is rescinded or returned due to the Franchisee's insolvency or bankruptcy.

However, City Wide includes a limitation on liens against spousal property. City Wide agrees not to seek to place or enforce any lien, security interest, or other encumbrance upon the Spousal Guarantor's ownership interest in residences, motor vehicles, 401(k), pension, IRA, or other retirement accounts owned or jointly owned by the Spousal Guarantor and/or Franchisee. Except for these limitations, City Wide retains all rights and remedies to collect directly from the Spousal Guarantor to satisfy the obligations to the extent permitted by law.