Under what condition regarding default notices under the Development Agreement, Franchise Agreement, or other agreements with Bojangles or its affiliates, would the Franchisee not receive equipment reimbursement under the Program?

According to Bojangles' 2025 Franchise Disclosure Document, a franchisee will not receive equipment reimbursement under the Equipment Reimbursement Incentive Program if they receive a written notice of default under the Development Agreement, the Franchise Agreement, or any other agreement with Bojangles or its affiliates. To lose eligibility, the franchisee must fail to cure the default within the applicable cure period, if any is provided.

This condition highlights the importance of maintaining compliance with all agreements with Bojangles and its affiliates. Franchisees must address any default notices promptly and effectively within the given cure period to remain eligible for the equipment reimbursement incentive. The cure period is the timeframe the franchisee has to correct the default and avoid losing the reimbursement.

This provision is designed to ensure that franchisees are committed to fulfilling their obligations under all agreements with Bojangles. By linking the equipment reimbursement to compliance, Bojangles aims to incentivize franchisees to adhere to the terms of their agreements and maintain a strong working relationship with the franchisor and its affiliates. This requirement is not unusual in franchising, as franchisors often tie financial incentives to adherence to brand standards and contractual obligations.