According to Circle K's 2025 Franchise Disclosure Document, the Circle K Acknowledgment Addendum, which relates to the secured promissory note, does not apply to franchise candidates or businesses located in specific franchise registration states. These states are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.

This means that the terms and conditions outlined in the Circle K Acknowledgment Addendum, including those related to the secured promissory note, are not applicable to franchisees in the aforementioned states. Prospective franchisees in these states may have different or additional requirements, obligations, or considerations regarding financing or other aspects covered by the addendum.

For individuals considering a Circle K franchise, it is crucial to determine whether the state in which they plan to operate is listed in the exclusion. If it is, they should seek clarification from Circle K regarding the specific requirements and conditions that apply to them, as the standard Acknowledgment Addendum will not govern their agreement. This could impact the financial arrangements and legal obligations of the franchise agreement.