What document must be executed and delivered to the Franchisor simultaneously with the execution of the Monicals Pizza Development Agreement by holders of a legal or beneficial interest of 5% or greater in the Developer?

According to the 2025 Monicals Pizza Franchise Disclosure Document, any individual or entity holding a legal or beneficial interest of 5% or greater in the Monicals Pizza Development Agreement must execute and deliver the Unlimited Guaranty and Assumption of Obligations to Monicals Pizza Corporation. This document is attached as Exhibit B to the Development Agreement and must be provided simultaneously with the execution of the Development Agreement.

By signing the Unlimited Guaranty and Assumption of Obligations, these holders agree to personally assume and discharge all of the Developer's obligations under the Development Agreement. This means they become personally liable for ensuring all terms and conditions of the agreement are met. This requirement is in place to provide Monicals Pizza with additional security and assurance that the Development Agreement will be fulfilled.

For a prospective Monicals Pizza developer, this implies that if your development entity has multiple stakeholders with significant ownership, those stakeholders will need to be willing to personally guarantee the obligations of the development agreement. This is a significant commitment and should be carefully considered in consultation with legal and financial advisors before entering into the Development Agreement with Monicals Pizza.