Ashley and Jonathan Kirk Cupp v. Amy and Chad Register and Gretchen and Phillip Greer

Court of Appeals of Arkansas·Decided September 9, 2026·Published

Opinion

Cite as 2026 Ark. App. 394 ARKANSAS COURT OF APPEALS DIVISION III

No. CV-24-498

ASHLEY AND JONATHAN KIRK CUPP Opinion Delivered September 9, 2026

APPELLANTS

APPEAL FROM THE GREENE

COUNTY CIRCUIT COURT

V. [NO. 28CV-22-106]

AMY AND CHAD REGISTER AND HONORABLE MELISSA BRISTOW GRETCHEN AND PHILLIP GREER RICHARDSON, JUDGE APPELLEES

AFFIRMED

WENDY SCHOLTENS WOOD, Judge This case arises from a business-relationship breakup in connection with a venture in recreational trampoline parks. Appellants, Jonathan “Kirk” Cupp and his now-ex-wife, Ashley Cupp, sued appellees, Phillip Greer and Chad Register and their respective spouses, Gretchen Greer and Amy Register. The Cupps sought declaratory relief and damages for breach of contract, breach of fiduciary duties, fraud, and other tortious conduct in connection with Kirk Cupp’s buyout and the business’s subsequent bankruptcy. The Greers and the Registers counterclaimed and sought contribution for amounts they paid to extinguish guaranty liability relating to the business. After a four-day bench trial, the Greene County Circuit Court dismissed and denied the Cupps’ claims, awarded the Greers and the Registers contribution without setoff, and later granted the Greers’ and the

Registers’ motion for attorney’s fees. The Cupps appeal the orders of the circuit court awarding the Greers and the Registers contribution and attorney’s fees. We affirm.

I. Relevant Facts

In 2017, Kirk Cupp, Phillip Greer, and Chad Register formed a trampoline-park business, Church Bells, LLC, and each had a one-third equity-ownership interest in the company. Church Bells wholly owned four subsidiaries that in turn owned and operated trampoline parks in four different states. The Church Bells subsidiaries leased commercial properties for trampoline parks located in Kentucky, Ohio, South Carolina, and Pennsylvania. Cupp, Greer, and Register personally guaranteed all four commercial leases, and their spouses guaranteed two of the leases. Additionally, Cupp, Greer, and Register each personally guaranteed a $3 million commercial loan from First National Bank of Paragould (“FNB”) to Church Bells.

To get the trampoline parks up and running, construction and repair work had to be completed on the commercial rental properties. In late 2018, Mulhearn Wilson Constructors, Inc., filed a lawsuit against Cupp and one of the Church Bells subsidiaries relating to a construction project at the trampoline-park facility located in South Carolina. That litigation went on until 2020, when the action was ultimately dismissed.

By early 2020, Cupp had communicated to Greer and Register that he wanted out of Church Bells, and the three business partners had begun negotiating Cupp’s separation from the company. Around the same time, the Church Bells trampoline parks were

significantly affected by the COVID-19 pandemic, including government-mandated closures of some of the parks in April and May 2020.

On April 8, 2020, Cupp, Greer, and Register executed an “Equity Purchase and Sale Agreement” (the “EPA”). Cupp agreed “to sell, transfer, assign, deliver and convey” to Greer and Register the one-third equity interest “and all other rights and incidents of ownership in the Company” held by Cupp. As consideration, Greer and Register agreed to pay Cupp a total amount of $590,000, payable in monthly payments of $20,000, beginning May 1, 2020, for one year, followed by annual payments of $70,000, beginning May 1, 2021, for the next five years.

In the EPA, Section 2.5, Remedy Upon Default, the parties agreed that Cupp’s “sole remedy” upon payment default was “the exercise of a right to demand that the Buyers assign back to him the Equity Interest previously transferred pursuant to this Agreement.” Cupp agreed and understood “that under no circumstances will he be entitled to a money judgment against Chad Register and Phillip Greer, even upon default.” His “sole remedy upon default is the return to him of the ownership of the Equity Interest.”

In Section 3.2, Disclosure, Cupp affirmed that he was provided with or permitted access to all information that he deemed material to formulating his decision with respect to the sale of his equity interest. The agreement notes that “[a]s a member of the Company, Kirk Cupp is very familiar with the business operations and financial status of the Company.”

Section 3.3(a), Cooperation with Litigation, states that Cupp “understands and recognizes that, at the time this Agreement is executed, the Company, and other limited liability companies or corporations associated with or owned by the Company, are parties, or potential parties, in multiple lawsuits involving Mulhearn Wilson Constructors, Inc., and potentially other adverse parties . . . . [the “Litigation”].” Cupp “agrees to cooperate with and participate in the Litigation[.]” Section 3.3(b) provides: “Upon the conclusion of the Litigation, either by settlement or by judgment entered by a court of competent jurisdiction and exhaustion of any associated appeal rights, the Buyers shall make good- faith efforts with the Company’s lenders to cancel or void any guaranty agreements executed by Kirk Cupp.”

Section 3.6, Voluntary agreement; attorneys, confirms that Cupp entered into the EPA “of his own free will and choice” and “has consulted with an attorney and has received legal advice concerning this Agreement, or has made a knowing and voluntary decision to proceed without the advice of an attorney.” Additionally, Cupp understood and agreed “that Branch Thompson Warmath & Dale, LLC, represents the Buyers with respect to this Agreement, [and] does not represent Kirk Cupp.”

Cupp received payments under the buyout agreement through July 2020. As of August 1, 2020, Greer and Register stopped making payments to Cupp. Cupp did not exercise his right under the EPA to demand the return of the previously transferred equity interest in the company.

By August 2020, the Church Bells trampoline parks were permanently shut down.

Without revenue, the Church Bells subsidiaries were unable to pay the rent for the trampoline-park facilities. Both the Church Bells entities and the parties, as personal guarantors, were threatened with lawsuits for back rent. On August 14, 2020, Church Bells filed a petition for Chapter 7 bankruptcy.

On October 8, 2020, a commercial landlord filed a lawsuit against the Church Bells subsidiary operating in Pennsylvania and the parties, as personal guarantors on the lease, seeking damages for breach of the lease and breach of the related guaranty. A default judgment in the amount of $292,885.33 was entered against the Cupps in that action on December 28, 2020.

On February 18, 2021, the parties executed an agreement (the “Authorization”)

authorizing Chad Register, “on their individual and collective behalf, to sign individual settlement agreements” with the landlords for the facilities in South Carolina, Ohio, Kentucky, and Pennsylvania. In the Authorization, the parties acknowledged that they had executed various guaranties securing payment of leases associated with the four Church Bells subsidiaries for rental units located in those four states. The parties further acknowledged that, as of the date of their agreement, “no firm agreement has been reached with the Pennsylvania landlord.” The Authorization sets out the details of the settlements that had been reached with the landlords in Ohio, South Carolina, and Kentucky. Regarding the settlement that had not yet been reached with the Pennsylvania landlord, the Authorization states: “Currently, the settlement amount is expected to be [between]

approximately $180,000.00 and $210,000.00. When and if settlement is reached, if signatures of all Guarantors are needed, Chad Register shall have authority to sign for the Guarantors.”

Additionally, the Authorization includes the following “Liability of Payment and Ownership Interests” provision:

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Ashley and Jonathan Kirk Cupp v. Amy and Chad Register and Gretchen and Phillip Greer, (Ark. Ct. App. 2026).

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