Is Aplus permitted to release or exchange any security related to the indebtedness?

According to Aplus's 2024 Franchise Disclosure Document, the amount of the Collateral Deposit for an Aplus store may be changed, substituted, reduced, or increased at any time. However, this is only possible if there is mutual agreement between Sunoco and the franchisee.

This means that while Aplus (Sunoco) can adjust the collateral security deposit, they cannot unilaterally release or exchange the security without the franchisee's consent. This provides a degree of protection for the franchisee, as changes to the deposit require their agreement.

It is important for prospective franchisees to understand the conditions under which the collateral security deposit can be altered and to carefully consider the implications of any proposed changes. Franchisees should also seek legal counsel to fully understand their rights and obligations regarding the collateral security deposit.