factual

What is the relationship between Bonchon, Paytronix Systems, Inc., and the franchisee regarding the Hosted Services?

Bonchon Franchise · 2025 FDD

Answer from 2025 FDD Document

count Agreement is the version that applies to your Stripe Account jurisdiction. If the name of your jurisdiction does not appear in the title of the page accessible via this Stripe Services Agreement link, please contact Stripe to obtain the correct link.

8. Non-applicability.

Stripe Connect Platforms may also use Stripe Connect to direct Stripe to send funds to Connected Accounts outside of Stripe Payments Services as described in Section 4.4 of the Stripe Connect Terms. These fund transfers are not associated with payments a Stripe Connect Platform collects on your behalf using the Stripe services. If you receive funds of this kind, you are not using the Stripe services, and this Connected Account Agreement does not apply to you. Also, you must contact the Stripe Connect Platform, not Stripe, with any questions you have about the status of these funds.

Stripe Services Agreement Stripe Connected Account Agreement Stripe Payments Company Terms

Cross River Bank

Acquirer Terms

Goldman Sachs Bank USA

EXHIBIT K TO DISCLOSURE DOCUMENT PAYTRONIX FRANCHISEE SERVICE AGREEMENT & ACH FORM

Paytronix Systems, Inc. 80 Bridge Street Newton, MA 02458 617-649-3300 Billing@paytronix.com

PAYTRONIX FRANCHISEE SERVICE AGREEMENT

The Franchisor has a master agreement with Paytronix Systems, Inc. (Paytronix) to provide the Hosted Services listed above to all of the Franchisor's owned and franchised locations, of which the Franchisee owns one or more franchised locations. This Service Agreement is between Paytronix and the Franchisee who hereby agree:

1. DEFINITIONS

Hosted Services means the services provided to Franchisee via software applications hosted by Paytronix (such as, for example, loyalty program services, stored value card services, merchant web based access to rules and reports, customer web access to account information, or other services).

Deployment Service means the services provided to Franchisee to install the Hosted Services and Software.

Support Services means the services provided to Franchisee to support the Hosted Services.

Services means the Hosted Services, Deployment Services and Support Services provided by Paytronix.

Client System means all equipment and ancillary services needed to connect to, access or otherwise use the Services via the Internet or dial-up (including without limitation, computer servers, point of sale devices, modems, software and network and communication services).

Software means all computer programs that are developed by Paytronix and installed on the Franchisee's Systems, computer programs that are executed or maintained on the Hosted Services, the user guide and other documentation from Paytronix, and all updates to any of the foregoing.

  1. LICENSES. Paytronix grants to Franchisee a nonexclusive, nontransferable license to use the Software and Service, at the retail locations listed in the Franchisee Service Agreement and ACH Form, as may be amended from time to time per the configuration listed, solely for operating the Hosted Services.

3. CONFIDENTIALITY.

Definition. "Proprietary Information" means all financial, business, marketing, customer, operations, technical, economic or engineering information; trade secrets and software of a party; including, in each case, all originals, copies, notes, analyses, digests and summaries prepared in any form, which is disclosed to or otherwise acquired by the other party in relation to this Agreement, and either (a) disclosed in tangible form and marked as confidential at the time of disclosure or (b) disclosed in any manner such that a reasonable person would understand the nature and confidentiality of the information.

Source: Item 23 — RECEIPTS (FDD pages 92–536)

What This Means (2025 FDD)

According to Bonchon's 2025 Franchise Disclosure Document, Bonchon has a master agreement with Paytronix Systems, Inc. to provide hosted services to all of its franchised locations. A service agreement is then established between Paytronix and the franchisee. These hosted services are provided to the franchisee via software applications hosted by Paytronix, and can include loyalty program services, stored value card services, and customer web access.

Paytronix grants the Bonchon franchisee a nonexclusive, nontransferable license to use the software and service for operating the hosted services at their retail locations. The franchisee is required to pay Paytronix one-time and recurring fees, with all fees paid through automated clearing house (ACH) transactions initiated by Paytronix. A billing summary report is made available on the 1st of each month via the internet, and the ACH is posted by the 10th of each month.

The agreement between Paytronix and the franchisee remains in effect as long as the master agreement between Paytronix and Bonchon is active, unless either party provides written notice to the contrary. The franchisee also authorizes Paytronix to debit their bank account via ACH for gift card activity and fees owed for hosted services, and to credit the account for any amounts due to the franchisee. If Paytronix cannot process debits and credits via ACH, service to the associated Bonchon locations may be suspended until new account information is received.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.