What agreement is defined as the "Electronic Point of Sale and Software Agreement" for a Circle K franchise?

According to the 2025 Circle K Franchise Disclosure Document, the Electronic Point of Sale and Software Agreement is defined explicitly in Exhibit 2 of the Franchise Agreement. This agreement is between TMC Franchise Corporation (TMC), the franchisor, and the franchisee. The agreement is effective as of the date it is executed by Circle K, unless otherwise specified on the signature page.

This agreement likely outlines the terms and conditions related to the electronic point of sale (EPOS) system and software used in the Circle K store. This includes the purchase, installation, maintenance, and use of the EPOS system, as well as any associated software. The agreement probably also covers aspects such as data security, software updates, and technical support for the EPOS system.

As a prospective franchisee, it is crucial to carefully review Exhibit 2, the Electronic Point of Sale and Software Agreement, to understand your obligations and responsibilities related to the EPOS system. You should pay close attention to the costs associated with the EPOS system, including purchase or lease costs, installation fees, maintenance fees, and software update fees. Additionally, you should understand the technical requirements for the EPOS system and ensure that you have the necessary infrastructure and support to meet those requirements. Understanding the full scope of this agreement is essential for the smooth operation of the Circle K franchise.