Where can I find the form for the Personal Guaranty that Circle K requires?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
- 8.13 Guaranties.
If Franchisee is a corporation, a limited partnership whose general partner is a corporation, or a limited liability company or other entity, each Principal Equity Holder of such corporation, limited partnership, limited liability company or other entity will: (i) approve this Agreement in writing; (ii) furnish any personal financial information reasonably requested by Franchisor; and (iii) execute Personal Guaranty attached to this Agreement as Exhibit 5 (the "Guaranty"), pursuant to which each shall personally guarantee Franchisee's payments and performance obligations under this Agreement, any related agreement entered into between Franchisee and Franchisor, or any Affiliate, and any agreement executed upon renewal.
Persons or entities that subsequently become Principal Equity Holders will execute the Guaranty within thirty (30) days after becoming a Principal Equity Holder.
[Item 22: CONTRACTS]
| 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. | SAMPLE TERMINATION AND RELEASE AGREEMENTS | |
| Exhibit I-1 Agreement) | Termination and Release Agreement (Convenience Store Franchise | |
| Exhibit I-2 | Mutual Termination Agreement and Release (Motor Fuel Agreement) | |
| Exhibit J. | PERSONAL GUARANTY |
[Item 10: FINANCING]
If you accept Incentive / Conversion Funding from us, you will sign an Incentive and Amortization Agreement, Promissory Note, Security Agreement (form copies of each are attached as Exhibit 6 to the Motor Fuel Agreement (which is Exhibit G to this Disclosure Document)) and the Personal Guaranty (a sample copy of which is included as Exhibit J to the Franchise Disclosure Document) that you sign in connection with the Convenience Store Franchise Agreement will apply to your obligations under the Incentive/Conversion Funding Program.
[Item 22: CONTRACTS]
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- "Guarantor" or "Guarantors" means all persons or entities that execute a Personal Guaranty attached as Exhibit 5.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISED BUSINESS (FDD pages 77–78)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the Personal Guaranty form that Circle K requires is included as Exhibit 5 to the Convenience Store Franchise Agreement. If you are accepting Incentive / Conversion Funding from Circle K for the Motor Fuel Business, a sample copy of the Personal Guaranty is included as Exhibit J to the Franchise Disclosure Document.
If the franchisee is a corporation, limited partnership whose general partner is a corporation, or a limited liability company or other entity, each Principal Equity Holder must approve the agreement in writing, furnish any personal financial information reasonably requested by Circle K, and execute the Personal Guaranty attached to the agreement as Exhibit 5. Persons or entities that subsequently become Principal Equity Holders will execute the Guaranty within thirty days after becoming a Principal Equity Holder.
The Personal Guaranty means all persons or entities that execute a Personal Guaranty attached as Exhibit 5. The guarantor agrees to be personally bound by each and every condition and term contained in the Agreements and agrees that this Personal Guaranty will be construed as though the undersigned and each of them executed the Agreements containing the identical terms and conditions of the Agreements. The guarantor also waives notice of demand and presentment for payment of any indebtedness or nonperformance of any obligations guaranteed.