If the Addendum is terminated, what is the effect on the franchisee's ability to receive equipment reimbursement from Bojangles under the Program?

According to Bojangles's 2025 Franchise Disclosure Document, if the Equipment Reimbursement Incentive Program Addendum is terminated, the franchisee will not receive any equipment reimbursement from Bojangles under the Program. This means that the franchisee will be responsible for covering all equipment costs associated with opening and operating their Bojangles restaurant, without any financial assistance from Bojangles.

Termination of the addendum can occur under specific circumstances, such as the franchisee failing to open a restaurant by the date in the Development Schedule or receiving a notice of default under any agreement with Bojangles and failing to cure it within the given period. These conditions highlight the importance of meeting development deadlines and maintaining compliance with all agreements to remain eligible for the equipment reimbursement incentive.

This policy is a significant consideration for prospective Bojangles franchisees, as the equipment costs for a new restaurant can be substantial. Franchisees should carefully review the terms of the Equipment Reimbursement Incentive Program Addendum and the Development Agreement to understand the conditions that could lead to termination and the potential financial implications. Understanding these terms is crucial for making informed decisions about pursuing a Bojangles franchise and managing the financial aspects of the business.