Where can I find the Guaranty of Performance for Petro Franchise related to Petro Stopping Center?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ses therein y of this instrument and of all other f the State of Notary Public of My commiss ion expires: Record and r eturn to:#### EXHIBIT A EXHIBIT A
[Description of property] [Description of property]
{H0199883.1} {H0199883.1} 99
PETRO FRANCHISE SYSTEMS LLC GUARANTY OF PERFORMANCE PETRO FRANCHISE SYSTEMS LLC GUARANTY OF PERFORMANCE
EXHIBIT H TO THE DISCLOSURE DOCUMENT EXHIBIT H TO THE DISCLOSURE DOCUMENT
GUARANTY OF PERFORMANCE
For value received BP Corporation North America Inc., an Indiana corporation located at 501 Westlake Park Boulevard, Houston, TX 77079, absolutely and unconditionally guarantees to assume the duties and obligations of Petro Franchise Systems LLC, a Delaware limited liability company located at 24601 Center Ridge Road, Westlake, Ohio 44145-5634 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 "Petro Stopping Centers" Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with 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 the 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 Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor signs this guarantee at Houston, Texas on the _25th __ day of ____February___, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 87)
What This Means (2025 FDD)
According to the 2025 Petro Stopping Center Franchise Disclosure Document, the Guaranty of Performance related to Petro Franchise Systems LLC is included as Exhibit H. BP Corporation North America Inc., located in Houston, TX, provides an absolute and unconditional guarantee to assume the duties and obligations of Petro Franchise Systems LLC under its franchise registration and Franchise Agreement. This guarantee remains in effect until all obligations of Petro Franchise Systems LLC are satisfied or the liability to its franchisees is completely discharged. BP Corporation North America Inc. does not waive receipt of notice of default on the part of Petro Franchise Systems LLC, and the guarantee is binding on the guarantor and its successors and assigns. The guarantor signed this guarantee on February 25, 2025, in Houston, Texas.