What exhibit contains the Personal Guaranty that Guarantors of a Circle K franchise must execute?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
ance sheet. Interest earned on the note was $243,656, $240,308, and $130,498 for 2025, 2024 and 2023, respectively.
ITEM 22 CONTRACTS
The contracts we use in this state are exhibits to this Disclosure Document as follows:
| Exhibit E. | CIRCLE K ACKNOWLEDGMENT ADDENDUM | |
|---|---|---|
| Exhibit F. | CONVENIENCE STORE FRANCHISE AGREEMENT | |
| Exhibit 1 | Data Sheet | |
| Exhibit 2 | Electronic Point of Sale and Software Agreement | |
| Exhibit 3 | Electronic Funds Transfer Authorization | |
| Exhibit 4 | Equipment/Construction Funding Agreement | |
| Exhibit 5 | Personal Guaranty | |
| Exhibit 6 | Credit Network Agreement | |
| Exhibit G. | MOTOR FUEL AGREEMENT | |
| Exhibit 1 | Security Deposit Agreement | |
| Exhibit 2 | Credit Network Agreement | |
| Exhibit 3 | Incentive and Amortization Agreement, with exhibits (Exhibit A – Promissory Note; Exhibit B – Security Agreement) | |
| Exhibit H. | CIRCLE K BRANDING AGREEMENT | |
| Exhibit 1 | Proprietary Marks | |
| Exhibit 2 | EFT Authorization | |
| Exhibit 3 | Credit Network Agreement | |
| Exhibit I. |
Source: Item 22 — CONTRACTS (FDD page 100)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the Personal Guaranty that guarantors of a Circle K franchise must execute is included as Exhibit 5 to the franchise agreement. Additionally, Exhibit J contains the Circle K Personal Guaranty.
Specifically, if the franchisee is a corporation, limited partnership with a corporate general partner, or a limited liability company, each Principal Equity Holder must execute the Personal Guaranty attached as Exhibit 5. This Guaranty ensures that these individuals personally guarantee the franchisee's payment and performance obligations under the Franchise Agreement, any related agreements with Circle K, or any agreements executed upon renewal.
Furthermore, the document clarifies that persons or entities who later become Principal Equity Holders are required to execute the Guaranty within 30 days of attaining that status. This requirement ensures that all Principal Equity Holders are bound by the personal guarantee, providing Circle K with added financial security and recourse in case of franchisee default.