Document:

Standard Form of 7-Eleven Individual Store Franchise Agreement

 Exhibit 10.(ii)(B)(1) 
  
 

 
  
 7-ELEVEN, INC. –
INDIVIDUAL 
 STORE FRANCHISE AGREEMENT 

 TABLE OF CONTENTS 
  

					
	1.	 	Statement of Intent and Definitions	  	1
			
	 	 	(a) Statement of Intent	  	1
			
	 	 	(b) Headings	  	1
			
	 	 	(c) Definitions	  	1
			
	2.	 	Independent Contractor	  	2
			
	3.	 	Franchise Fee and Down Payment	  	2
			
	4.	 	Training; On-Line Systems Support Guide	  	2
			
	 	 	(a) Initial Training	  	2
			
	 	 	(b) Ongoing Training	  	2
			
	 	 	(c) Employee Training	  	3
			
	 	 	(d) On-Line Systems Support Guide	  	3
			
	5.	 	Ownership of 7-Eleven System; Confidentiality; Noncompetition	  	3
			
	 	 	(a) Ownership of 7-Eleven System	  	3
			
	 	 	(b) Confidentiality	  	3
			
	 	 	(c) New Developments	  	3
			
	 	 	(d) Noncompetition	  	3
			
	6.	 	Effective Date	  	4
			
	 	 	(a) Commencement of Obligations	  	4
			
	 	 	(b) Conditions to Occurrence of Effective Date	  	4
			
	 	 	(c) Failure to Meet Conditions for Effective Date to Occur	  	5
			
	7.	 	License	  	5
			
	 	 	(a) Grant of License	  	5
			
	 	 	(b) Reserved Rights	  	5
			
	8.	 	Lease	  	5
			
	 	 	(a) Lease of Store and 7-Eleven Equipment; Use of 7-Eleven Equipment	  	5
			
	 	 	(b) Third Party Beneficiary	  	6
			
	 	 	(c) Disclaimer of Warranties	  	7
			
	 	 	(d) Condemnation Awards	  	7
			
	 	 	(e) Breach of Lease	  	7
			
	9.	 	Term	  	7
			
	10.	 	7-Eleven Charge	  	7
			
	 	 	(a) 7-Eleven Charge	  	7

  

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	 	 	(b) Adjustment to 7-Eleven Charge for Failure to Meet Recommended Vendor Purchase Requirement	  	7
			
	 	 	(c) Adjustment to 7-Eleven Charge upon Declaration of Invalidity of Certain Provisions	  	8
			
	11.	 	Your Draws	  	8
			
	12.	 	Bookkeeping and Financial Matters	  	8
			
	 	 	(a) Bookkeeping; Inspection of Records	  	8
			
	 	 	(b) Deposits; Cash Payments for Daily Purchases/Operating Expenses	  	8
			
	 	 	(c) Reports and Other Bookkeeping Information	  	9
			
	 	 	(d) Electronic Invoices	  	10
			
	 	 	(e) Financial Summaries and Assistance that We Provide You	  	10
			
	 	 	(f) 7-Eleven Store Information System.	  	10
			
	13.	 	Open Account; Financing; and Minimum Net Worth.	  	10
			
	 	 	(a) Open Account	  	10
			
	 	 	(b) Financing	  	11
			
	 	 	(c) Interest	  	11
			
	 	 	(d) Minimum Net Worth	  	11
			
	14.	 	Audit Rights	  	11
			
	15.	 	Merchandising and Inventory; Recommended Vendors	  	12
			
	 	 	(a) Initial Inventory	  	12
			
	 	 	(b) Ongoing Inventory and Categories	  	12
			
	 	 	(c) Proprietary Products	  	12
			
	 	 	(d) Product Packaging and Display	  	12
			
	 	 	(e) Nationally/Regionally Promoted Products and Exclusive Products	  	12
			
	 	 	(f) Suggested Retail Selling Prices	  	13
			
	 	 	(g) Vendor Requirements	  	13
			
	 	 	(h) Recommended Vendor Procedure	  	13
			
	 	 	(i) Designated Service Vendors	  	13
			
	 	 	(j) Our Vendor Negotiating Practices and Treatment of Discounts and Allowances	  	13
			
	 	 	(k) Review of Vendor Negotiating Practices and Treatment of Discounts and Allowances	  	14
			
	16.	 	7-Eleven Foodservice Standards	  	15
			
	 	 	(a) Compliance with 7-Eleven Foodservice Standards	  	15
			
	 	 	(b) 7-Eleven Foodservice Standards Related to Fresh Foods	  	15
			
	 	 	(c) Foodservice Certification Standards	  	15
			
	 	 	(d) Quality Inspections	  	15

  

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	 	 	(e) Failure to Comply with 7-Eleven Foodservice Standards	  	15
			
	17.	 	Our Indemnification	  	16
			
	18.	 	Your Indemnification; Insurance	  	16
			
	19.	 	Your Additional Covenants	  	16
			
	20.	 	Maintenance and Utilities	  	17
			
	 	 	(a) Your Maintenance Obligations	  	17
			
	 	 	(b) Maintenance Contracts	  	17
			
	 	 	(c) Your Failure to Maintain the Store	  	18
			
	 	 	(d) Maintenance Performed By or Through Us	  	18
			
	 	 	(e) Utilities	  	18
			
	21.	 	Taxes	  	18
			
	22.	 	Advertising	  	18
			
	 	 	(a) Advertising Fee	  	18
			
	 	 	(b) Local Advertising/Advertising Approval	  	20
			
	 	 	(c) Internet Promotion	  	20
			
	 	 	(d) Foodservice Promotion	  	20
			
	23.	 	Service Mark and Related Trademarks	  	20
			
	 	 	(a) Right to Use the Marks	  	20
			
	 	 	(b) Agreements Regarding the Marks	  	20
			
	 	 	(c) Use of the Marks	  	21
			
	 	 	(d) Certain Prohibited Conduct	  	21
			
	 	 	(e) Infringement and Dilution	  	22
			
	 	 	(f) Domain Names; Use of Internet	  	22
			
	24.	 	Renewal of Franchise	  	22
			
	25.	 	Assignment	  	23
			
	 	 	(a) Assignment by Us	  	23
			
	 	 	(b) Assignment by You	  	23
			
	 	 	(c) Our Right of First Refusal	  	24
			
	26.	 	Termination	  	24
			
	 	 	(a) Termination by Us	  	24
			
	 	 	(b) Curing Breaches; Multiple Defaults	  	27
			
	 	 	(c) Termination on Death or Incapacitation	  	28
			
	 	 	(d) Market Withdrawal	  	28
			
	 	 	(e) Transfer and Refund Rights	  	28

  

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	 	 	(f) Our Right to Assume Operation of the Store	  	30
			
	27.	 	Mutual Termination; Termination by You	  	30
			
	 	 	(a) Mutual Termination	  	30
			
	 	 	(b) Termination by You	  	30
			
	28.	 	Close Out Procedure	  	31
			
	 	 	(a) Post-Expiration/Termination Obligations	  	31
			
	 	 	(b) Settlement of Open Account	  	31
			
	 	 	(c) Payment of Indebtedness to Us; Delivery of Final Financial Summaries	  	32
			
	29.	 	Mediation	  	32
			
	30.	 	Governing Law; Jurisdiction	  	33
			
	 	 	(a) Governing Law	  	33
			
	 	 	(b) Jurisdiction	  	33
			
	31.	 	Miscellaneous Provisions	  	33
			
	 	 	(a) Nonwaiver	  	33
			
	 	 	(b) Disclosure	  	33
			
	 	 	(c) Circumstances Beyond a Party’s Control	  	34
			
	 	 	(d) Notices	  	34
			
	 	 	(e) Severability	  	34
			
	 	 	(f) Personal Qualification	  	35
			
	 	 	(g) Complete Agreement	  	35
			
	 	 	(h) Consents	  	35
			
	 	 	(i) Interpretation	  	35
			
	 	 	(j) Waiver of Damages	  	35
			
	 	 	(k) Consultation with Advisors	  	36
			
	 	 	(l) Savings Clause	  	36

  
 EXHIBITS: 
  

			
	A -	  	Store
	B -	  	7-Eleven Equipment
	C -	  	7-Eleven Contractual Indemnification
	D -	  	Selected Provisions
	E -	  	Definitions
	F -	  	Survivorship
	G -	  	Required Proprietary Products
	H -	  	Release of Claims and Termination
	I -	  	Security Agreement
	J -	  	Procedures for Selection of Third Party Reviewer and for Reviewing Vendor Negotiating Practices

  

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 STORE FRANCHISE AGREEMENT 
  
 In consideration of the mutual promises and agreements contained in this Agreement, the receipt and sufficiency of which are
acknowledged, the parties agree as follows: 
  
 1. Statement
of Intent and Definitions. 
  
 (a) Statement of
Intent. 
  
 (1) Franchising is a method of distributing goods
or services in a consistent manner. The customer expects a similar shopping experience at a franchised business, regardless of its location or operator. By signing this Agreement, you acknowledge the importance of these concepts, and agree to
participate in the 7-Eleven System, which promotes a uniform method of operating a convenience store. You recognize that a uniform presentation of a high quality 7-Eleven Image is critical to the customer’s perception of the 7-Eleven System,
and that you agree to contribute to that perception by operating your Store in compliance with this Agreement and the 7-Eleven System. 
  
 (2) You recognize the benefits to you and the 7-Eleven System (including the benefits of scale that a large chain gets from its high volume of purchases)
of purchasing the products and services sold at your Store from common vendors and/or distributors. You agree: (a) to operate your Store in a way that recognizes the right and responsibility of the retailer to provide value to 7-Eleven customers and
(b) to order the products and services 7-Eleven customers want, introduce new products, manage frequent deliveries, discontinue offering slow selling items, and provide excellent customer service. 
  
 (3) You agree that the 7-Eleven System is subject to modification based on
changes in technology, competitive circumstances, customer expectations, and other market variables. Those changes to the 7-Eleven System may include changes in operating standards, products, programs, services, methods, forms, policies and
procedures; changes in the design and appearance of the building, signage and equipment; and changes to the Service Mark and Related Trademarks. 
  
 (4) We agree to assist you by providing a recognized brand, merchandising advice and operational systems designed to meet the needs of 7-Eleven customers.
We also agree to contribute to the value of the 7-Eleven Service Mark and brand by fulfilling those duties and tasks assigned to us in this Agreement as our responsibility within the 7-Eleven System. 
  
 (5) You recognize the advantages of the 7-Eleven System and wish to obtain a
franchise for a 7-Eleven Store. You understand that an investment in the Store involves business risks and that your business abilities and efforts are vital to the success of the Store. You agree that the terms of this Agreement are acceptable to
you, and are material and reasonable. 
  
 (b) Headings. The
captions used in the paragraphs and subparagraphs of this Agreement are inserted only for purpose of reference. These captions will not govern, limit, modify or in any other manner affect the scope, meaning or intent of the provisions of this
Agreement or any part thereof, nor will they otherwise be given any legal effect. 
  
 (c) Definitions. “We,” “us”, “our” or “7-Eleven” means 7-Eleven, Inc., the franchisor. “You” or “your” means the Franchisee, as defined more fully in
Exhibit E. Initially capitalized terms used in this Agreement are defined in Exhibit E or in one of the other Exhibits to this Agreement. 
  

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 2. Independent Contractor. You and we agree that this Agreement creates an
arm’s-length business relationship and does not create any fiduciary, special or other similar relationship. You agree: (a) to hold yourself out to the public as an independent contractor; (b) to control the manner and means of the operation of
the Store; and (c) to exercise complete control over and responsibility for all labor relations and the conduct of your agents and employees, including the day-to-day operations of the Store and all Store employees. You and your agents and employees
may not: (i) be considered or held out to be our agents or employees or (ii) negotiate or enter any agreement or incur any liability in our name, on our behalf, or purporting to bind us or any of our or your successors-in-interest. Without in any
way limiting the preceding statements, we do not exercise any discretion or control over your employment policies or employment decisions. All employees of the Store are solely your employees and you will control the manner and means of the
operation of the Store. No actions you, your agents or employees take will be attributable to us or be considered to be actions obligating us. 
  
 3. Franchise Fee and Down Payment. You agree to pay us the Franchise Fee and the Down Payment stated in Exhibit D upon the execution of this
Agreement. Except as provided in Paragraphs 4 and 6 with respect to the Down Payment and Paragraphs 4, 6, 26, and 27 with respect to the Franchise Fee, the Down Payment and the Franchise Fee will be deemed fully earned and nonrefundable when paid in
consideration of the administrative and other expenses we have incurred in granting the franchise. 
  
 4. Training; On-Line Systems Support Guide.  
  
 (a) Initial Training. Prior to the Effective Date, you agree to be certified by us as having satisfactorily completed the initial training program
for operating a franchised 7-Eleven Store. You become certified in the following manner. If you are one (1) individual, then you will be the trainee, and you may designate up to one (1) additional individual that we approve to be an additional
trainee. If you are two (2) individuals, then those two (2) individuals will be the trainees. If you become certified, you agree to pay for all expenses related to initial training, excluding lodging costs (if we require you to travel for initial
training and lodging is necessary), if any, and our costs of providing the initial training. If any of your trainees fail to become certified by us as having satisfactorily completed the initial training program, you agree to be responsible for all
expenses related to the initial training, including lodging, but excluding our costs of providing the initial training. At any time before the Effective Date, if any of your trainees do not show an understanding of the training, are not satisfactory
to us in any respect, or are otherwise not progressing in the initial training program in a manner satisfactory to us, we may stop providing initial training to such trainee(s) or refuse to certify, or revoke the certification of, any such
trainee(s). If we discontinue initial training, do not certify, or revoke the certification of any trainee, then: (a) the business relationship, if any, between you and us will immediately terminate; (b) this Agreement will not become effective and
will be null and void; and (c) we agree to refund the Down Payment and the Franchise Fee to you, without interest, after deducting any amount you owe us, including any initial training expenses for which we have reimbursed you or which we have paid
on your behalf. If you incur any expenses in attempting to obtain a 7-Eleven Store franchise or if you rely in any other way on obtaining a franchise from us (including incurring out-of-pocket expenses other than those for which we may reimburse you
under this Paragraph 4), then you agree that you will have done so solely at your own risk, based on your own judgment and not in reliance upon any statements or representations from us or our agents or representatives. 
  
 (b) Ongoing Training. We agree to offer additional training that we
deem necessary based on changes in the 7-Eleven System. We will test any major system changes in our Company-operated Stores and/or in franchised stores where franchisees volunteer to be a part of the test before making such major changes to the
7-Eleven System. You agree to be responsible for all expenses, including the costs of travel, lodging, meals and wages, incurred by your trainees and other personnel in connection with any additional training program. 
  

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 (c) Employee Training. You agree to at all times keep your Store employees adequately trained in
the operation of the 7-Eleven Store so that your employees can provide superior customer service and properly carry out the operations of the Store in accordance with the 7-Eleven System and this Agreement. 
  
 (d) On-Line Systems Support Guide. As long as you are not in Material
Breach of this Agreement, we agree to provide you with access to our On-Line Systems Support Guide on the 7-Eleven Intranet through your in-Store computer. The On-Line Systems Support Guide provides information regarding, among other things,
training and Store operations and accounting procedures. We may provide assistance and information to you through methods other than the On-Line Systems Support Guide. The On-Line Systems Support Guide does not create any additional obligations on
you not otherwise provided for in this Agreement (including any amendment to this Agreement). 
  
 5. Ownership of 7-Eleven System; Confidentiality; Noncompetition. 
  
 (a) Ownership of 7-Eleven System. You acknowledge that we are and will remain the sole owner of all rights in and to the 7-Eleven System, the
On-Line Systems Support Guide, any information, manuals, materials, and any other confidential communications (whether in electronic or other form) provided to you concerning the operation of a 7-Eleven Store or related to the 7-Eleven System, and
that you are acquiring no property interest in or other right to them, other than a license to use them during the Term of this Agreement. You agree to at all times treat the On-Line Systems Support Guide and any other manuals, materials,
confidential communications, and the information contained therein, as confidential and must maintain such information as secret and confidential in accordance with Paragraph 5(b). 
  
 (b) Confidentiality. During the Term of this Agreement and thereafter, you agree: (i) not to communicate, divulge or
use the Confidential Information for the benefit of any other person or entity and, following the expiration, termination, or transfer of this Agreement; (ii) not to use the Confidential Information for your own benefit; (iii) to divulge such
Confidential Information only to those of your employees who must have access to it in order to operate the Store. Except as we may expressly permit in writing, you agree not to at any time download, print, transmit via e-mail or any other means,
copy, duplicate, record, or otherwise reproduce the Confidential Information, in whole or in part, or otherwise make the Confidential Information available to any unauthorized person. The agreement in this Paragraph 5(b) will survive the expiration,
termination or transfer of this Agreement or any interest herein and will be perpetually binding upon you. At our request, you agree to obtain execution of agreements similar to those set forth in this Paragraph 5(b) from your employees, agents,
independent contractors, and any other of your personnel who have received or will have access to the Confidential Information. Such agreements must be in the form that we require.  
  
 (c) New Developments. If you or your employees develop any new
concept, process or improvement in the operation or promotion of the Store, you agree to promptly notify us and provide us with all necessary related information, without compensation. You hereby grant to us a perpetual royalty-free license to use
and sublicense the use of any such concept, process or improvement in any way we choose. 
  
 (d) Noncompetition. 
  
 (1) Post-Term Non-compete. Except as otherwise permitted by us in writing, for a continuous uninterrupted period commencing on the expiration, termination, or transfer of all of your interest in this Agreement and continuing for one (1)
year thereafter, you agree not to, for yourself, or through, on behalf of or in conjunction with any other person, partnership, corporation, 
  

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 limited liability company or other entity or association, maintain, operate, engage in, or have any financial or
beneficial interest in, advise, assist, make loans to, or lease to, a Competitive Business which is, or is intended to be, located at the site of the Store or at the site of any former 7-Eleven Store within two (2) years of it last being operated as
a 7-Eleven Store. 
  
 (2) Nothing in this Paragraph
5(d) will prevent you from owning, for investment purposes only, an ownership interest in a business entity as a passive investor without any involvement in the operations of such business entity. 
  
 (3) You and we agree that the foregoing agreement contains reasonable
limitations as to time, geographical area and scope of activity to be restrained and does not impose a greater restraint than is necessary to protect our goodwill or other business interests. Such agreement will be construed as independent of any
other agreement or provision of this Agreement. If all or any portion of an agreement in this Paragraph 5(d) is held unreasonable or unenforceable by a court having valid jurisdiction in an unappealed final decision to which we are a party, you
agree to be bound by any lesser agreement imposed by or resulting from the court order as if the resulting agreement were separately stated in and made a part of this Paragraph 5(d). 
  
 (4) You acknowledge that we will have the right, in our sole discretion, to reduce the scope of any agreement in this
Paragraph 5(d) without your consent, effective immediately upon notice to you, and you agree to promptly comply with any agreement as so modified. 
  
 (5) You agree that the existence of any claims you may have against us, whether arising under this Agreement or otherwise, will not constitute a defense
to the enforcement by us of this Paragraph 5(d). 
  
 (6) You
acknowledge that any breach of any of the terms of the covenant contained in Paragraph 5(d) will result in irreparable injury to us and that we are entitled to injunctive relief to prevent any such breach. 
  
 6. Effective Date. 
  
 (a) Commencement of Obligations. Your and our rights and obligations
derived from the grant of the franchise and the right to become part of the 7-Eleven system of franchisees (including those set forth in Paragraphs 7(a), 8, 10, 11, 12, 14, and 17) will begin as of the Effective Date. All of your and our other
rights and obligations (including, without limitation, those in Paragraphs 4, 5, 6, 7(b), 18, 19, 25, 26, 27, and 28) will become effective as of the date that the last party executes this Agreement. 
  
 (b) Conditions to Occurrence of Effective Date. We agree to use our
best efforts to make the Store available to you within a reasonable time. However, you agree that, in order for the Effective Date to occur, all of the following conditions must be met to our sole satisfaction on or before the date the Store becomes
available: (1) you and any of your trainees must be certified by us as having satisfactorily completed the initial training program; (2) you will have paid us all amounts that you owe to us under this Agreement; (3) all licenses, permits, and bonds
required by applicable laws or regulations or by us for the operation of the Store (or any portion of the Store) must be available and, where possible, obtained; (4) you will not have granted a security interest in the Collateral or the franchise to
anyone except us or our Affiliate; (5) you will not have made any misrepresentation to us in connection with obtaining the 7-Eleven Store franchise; and (6) you will not have taken any action that would be, or is, a breach of this Agreement.

  

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 (c) Failure to Meet Conditions for Effective Date to Occur. If (1) you fail to meet any of the
conditions contained in Paragraph 6(b); (2) the Store is not available within ninety (90) days after you satisfactorily complete initial training; or (3) the Effective Date does not occur within one hundred-twenty (120) days after the date you and
we signed this Agreement (or, if the Store is under construction, within thirty (30) days after the completion date, if such date is later than one hundred-twenty (120) days after you and we signed this Agreement), then, except for your
post-termination obligations and Paragraph 5, this Agreement will not become effective and will be null and void and of no further force or effect, unless you and we agree in writing otherwise. If this Agreement does not become effective as provided
in this Paragraph 6(c) through no fault of yours, then we agree to refund the Down Payment and the Franchise Fee to you, without interest, minus any amount you owe us as provided in this Agreement. 
  
 7. License. 
  
 (a) Grant of License. As of the Effective Date, we grant to you, upon
the terms and conditions in this Agreement, the right and license, and you accept the right and obligation, to operate a 7-Eleven Store at the Store location identified in Exhibit A in accordance with this Agreement under the Service Mark, Related
Trademarks, and the 7-Eleven System and to use the Trade Secrets and the Proprietary Products in connection with the operation of the Store. 
  
 (b) Reserved Rights. You agree that this Agreement does not grant you any exclusive or protected territory. You further acknowledge that we are not
obligated to grant any additional franchises to you. This Agreement does not grant you the right or license to operate the Store or to offer or sell any products or services offered and sold by 7-Eleven Stores at or from any location other than the
Store location identified in Exhibit A or through any other channel or method of distribution other than a 7-Eleven Store, including by or through the Internet or similar electronic media. You agree that we and our Affiliates retain all other
rights, including the right to establish and operate, and to grant others the right to establish and operate, convenience or other stores under the Service Mark and Related Trademarks, any trade names, and other service marks and trademarks, at any
site other than the Store location, including sites that are adjacent or proximate to the Store location. We and our Affiliates also retain the right to offer and sell, and grant others the right to offer and sell, any products and services similar
or dissimilar to those offered by 7-Eleven Stores, whether identified by the Service Mark, Related Trademarks or by other trademarks, trade names or service marks, through any other channel or by any other method of distribution, including by or
through the Internet or similar electronic media, on any terms and conditions we deem appropriate. If we decide to subcontract to you (and you agree to accept) certain of our obligations in connection with the sale of products and/or services over
the Internet, we will compensate you for your efforts to fulfill those obligations in a reasonable amount to be mutually agreed upon by you and us. 
  
 8. Lease. 
  
 (a) Lease of Store and 7-Eleven Equipment; Use of 7-Eleven Equipment. 
  
 (1) Beginning on the Effective Date, we lease the Store and 7-Eleven Equipment to you solely for the operation of a
franchised 7-Eleven Store pursuant to this Agreement and in accordance with the 7-Eleven System. You agree to comply with all local, state and federal laws, statutes, regulations, ordinances, and rules of any applicable governmental entity with
respect to the operation, use, repair and possession of the Store and the 7-Eleven Equipment. 
  
 (2) If we currently own the Store, we may sell the Store and lease it back or enter into other similar transactions in connection with a financing of the Store or the improvements. If we currently lease the Store,
then the Lease to you is a sublease and certain provisions of the master lease 
  

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 are included on Exhibit A. If we are not currently leasing the Store but we lease it in the future, the Lease to you will
be a sublease, and we will amend Exhibit A to summarize certain provisions of the master lease. You agree to comply with all terms and provisions of the master lease referred to in Exhibit A and not cause a breach of any such master lease. We
reserve from the Lease and/or common area such portions thereof, if any, as we may elect to use for: the installation of banking or other similar equipment, attended or self-service gasoline, attended or self-service car washes, a photo kiosk, signs
or bill boards, or telecommunications towers and other telecommunications equipment of any type, and any additional areas that we consider necessary for the installation, maintenance, repair, and operation of related equipment. You agree to give us
unobstructed non-exclusive rights to enter and exit in connection with these reserved rights. Unless otherwise provided in a separate agreement between you and us or our Affiliate or an amendment to this Agreement, we will credit to your Open
Account an amount equal to the rentals and similar fees we receive for use of any portion that we reserve from the Lease, after deducting from such rentals and similar fees the amount determined by multiplying the rentals and similar fees by the
percentage used to calculate the 7-Eleven Charge. You agree that we may remodel the Store at any time in accordance with one of our remodel programs and that you cannot remodel the Store without our prior written consent. 
  
 (3) If we currently own the 7-Eleven Equipment, we may sell it and lease it
back or enter into other similar transactions in connection with a financing of the 7-Eleven Equipment. If we currently lease the 7-Eleven Equipment, then the Lease to you is a sublease, and certain provisions of the master lease are included on
Exhibit B. If we are not currently leasing the 7-Eleven Equipment but we lease it in the future, then the Lease to you will be a sublease, and we agree to amend Exhibit B to summarize certain provisions of the master lease. You agree to comply with
all terms and provisions of the master lease referred to in Exhibit B and not cause a breach of any such master lease. We may, at our option, remove or replace any of the 7-Eleven Equipment or add new 7-Eleven Equipment, including cash registers and
point of sale computers and 7-Eleven Equipment of a type or category other than currently exists. Any new or additional 7-Eleven Equipment will be added to the list of 7-Eleven Equipment on Exhibit B or we agree to otherwise provide you with
electronic or written notice of such changes to the 7-Eleven Equipment. You agree to, at all times use, as we require, all 7-Eleven Equipment currently in the Store or that we add to the Store. We may provide you with replacement Equipment if
certain Equipment is damaged or becomes inoperable. If you fail to promptly return the damaged or inoperable equipment to us, we may charge you for the cost of the replacement Equipment by debiting your Open Account. 
  
 (4) You may not modify, alter, remodel or add to the Store or 7-Eleven
Equipment or discontinue using any of the 7-Eleven Equipment required under the 7-Eleven System without first obtaining our written consent. 
  
 (b) Third Party Beneficiary. You are not a third-party beneficiary of, and will have no right directly or independently to enforce, any master
lease. Such rights are reserved to us to exercise in our sole discretion on a case by case basis. We are not assigning to you any rights of exclusivity or non-competition or any other rights or remedies under any master lease, and we may elect to
enforce, or not to enforce, our rights under any master lease (including rights of exclusivity and non-competition), in our sole discretion. In the event we elect to enforce such rights, any proceeds paid to us as a result will be first applied to
reimburse us for our attorneys’ fees and costs incurred. Any remaining proceeds resulting from a finding in our favor with respect to breaches of exclusivity or non-competition covenants in the master lease will be credited to your Open Account
after deducting from such proceeds the amount determined by multiplying the remaining proceeds by the percentage used to calculate the 7-Eleven Charge. However, our agreement to share proceeds resulting from our enforcement of such provisions in any
master lease does not imply that you have any rights or remedies under the master lease. 
  

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 (c) DISCLAIMER OF WARRANTIES. YOU AGREE TO TAKE ALL OF THE STORE AND 7-ELEVEN EQUIPMENT LEASED
UNDER THIS AGREEMENT IN “AS-IS” CONDITION, WITH ALL FAULTS AND DEFECTS, SUBJECT TO THE MASTER LEASE, IF ANY, AND ALL DOCUMENTS OF RECORD AFFECTING THE STORE AND THE 7-ELEVEN EQUIPMENT. WE MAKE NO WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT
TO THE STORE AND THE 7-ELEVEN EQUIPMENT, INCLUDING WARRANTIES OF HABITABILITY, MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT, NON-DISTURBANCE, INTERFERENCE OR INFRINGEMENT. 
  
 (d) Condemnation Awards. We will be entitled to all awards paid in
connection with any condemnation affecting the Store and, to the extent necessary to effectuate this provision, you assign to us all rights in any condemnation award to which you may be entitled, whether for loss of profits, goodwill, moving
expenses, loss of leasehold or otherwise. Any proceeds from a condemnation award paid to us will be first applied to pay our attorneys’ fees and costs incurred. Provided you do not Transfer or receive a Refund pursuant to Paragraph 26(e), any
remaining condemnation award proceeds specifically attributed to the “goodwill of the Store as a going concern” will be credited to your Open Account after deducting from such proceeds the amount determined by multiplying the remaining
proceeds by the percentage used to calculate the 7-Eleven Charge. 
  
 (e) Breach of Lease. You and we intend to create only a landlord-tenant/lessor-lessee relationship with respect to the Lease provided herein. If you breach this Agreement, then we will be entitled (in addition to any other rights
under this Agreement) to invoke all judicial and other rights and remedies available to a landlord or lessor, at law or in equity, including summary proceedings for possession of leased property; the right to appointment of a receiver or similar
remedies; and/or the right to terminate, cancel, or declare a forfeiture of this Lease. If you receive notice of breach, non-renewal or termination from us and you fail to vacate the Store and surrender the 7-Eleven Equipment prior to the effective
date of termination stated in the notice, then you will be deemed to be a tenant at sufferance and a trespasser, you agree to immediately vacate and surrender the Store and the 7-Eleven Equipment, and you will not be entitled to any notice to quit
or vacate. 
  
 9. Term. Unless sooner terminated as
provided in Paragraph 26, the Term of this Agreement will end at the earlier of (i) fifteen (15) years from the Effective Date or (ii) the expiration of our master lease, if any, for the Store premises (subject to your Transfer or Refund rights, if
any, as set forth in Paragraph 26(e)). 
  
 10. 7-Eleven Charge.

  
 (a) 7-Eleven Charge. You agree to pay us
the 7-Eleven Charge for the License, the Lease and our continuing services. The 7-Eleven Charge is due and payable each Collection Period with respect to the Receipts from that Collection Period at the time the deposit of those Receipts is due. We
may reconcile the 7-Eleven Charge account reflected in the Financial Summaries on a monthly or other periodic basis. At the reconciliation, we may make appropriate adjustments for changes in hours of operation or other items necessitating an
adjustment to the total 7-Eleven Charge for the Accounting Period or any portion thereof. You may not withhold Receipts or prevent payment of the 7-Eleven Charge to us on the grounds of the alleged non-performance or breach of any of our obligations
to provide services to you or any other obligations to you under this Agreement or any related agreement. 
  
 (b) Adjustment to 7-Eleven Charge for Failure to Meet Recommended Vendor Purchase Requirement. If at any time during the Term of this Agreement we
determine based upon data available to us (“Determination Date”) that your total Purchases of all products, and, separately, total purchases of cigarettes, do not meet the Recommended Vendor Purchase Requirement for any 
  

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 consecutive three (3) full Accounting Periods, you agree that we may unilaterally amend this Agreement to increase the
percentage used to calculate your 7-Eleven Charge by two (2) percentage points for the Accounting Period next following the Determination Date, regardless of whether you meet the Recommended Vendor Purchase Requirement for such Accounting Period.
For example, if 50% was used to calculate your 7-Eleven Charge before the increase, 52% will be used to calculate your 7-Eleven Charge after the increase. After the Accounting Period in which the increased percentage is applied, the percentage
previously used to calculate the 7-Eleven Charge may be reinstated; provided, however, that such percentage may be increased again pursuant to this Paragraph 10(b) if you fail to meet the Recommended Vendor Purchase Requirement for any other
consecutive three (3) full Accounting Periods during the Term. 
  
 (c) Adjustment to 7-Eleven Charge upon Declaration of Invalidity of Certain Provisions. If any part of Paragraphs 15, 16 and/or 22 is declared invalid by a court of competent jurisdiction and we do not terminate this Agreement under
Paragraphs 31(e) and 26(a)(8), then you agree that we may unilaterally amend this Agreement to increase the percentage used to calculate your 7-Eleven Charge by two (2) percentage points for the remainder of the Term of this Agreement. If we elect
to terminate this Agreement under Paragraphs 31(e) and 26(a)(8), we will offer you a different 7-Eleven franchise agreement, which you do not have to accept, with a term equal to the term then-remaining under this Agreement, the terms of
which will take into account the current economic situation, the effect of the court’s final decision, and such other factors as we deem appropriate. 
  
 If we adjust your 7-Eleven Charge pursuant to Paragraph 10(b) or 10(c) above, then you will continue to pay the Advertising Fee pursuant to Paragraph
22(a) during the period of the adjustment. If we adjust your 7-Eleven Charge pursuant to Paragraph 10 (c) above, then you will continue to pay the Advertising Fee if allowed by the Court’s decision. 
  
 11. Your Draws. Provided that you are not in breach of this
Agreement, we agree to: (a) pay to you every week an amount equal to the Weekly Draw indicated in Exhibit D; (b) within approximately ten (10) Business Days after the end of each Accounting Period, notify you of the available Monthly Draw and Excess
Investment Draw for such Accounting Period; and (c) within ten (10) days after we receive your written request for the available Monthly Draw and/or Excess Investment Draw, pay to you the amount of the available Monthly Draw and/or Excess Investment
Draw that you specified in your request, such amount not to exceed the greater of the available Monthly Draw or Excess Investment Draw. 
  
 12. Bookkeeping and Financial Matters. 
  
 (a) Bookkeeping; Inspection of Records. We have the right to maintain Bookkeeping Records with respect to your operation of the Store
as part of our records. You may perform or obtain any additional bookkeeping you wish. Either party may inspect records of the operation of the Store prepared or obtained by the other party where the records are maintained during normal business
hours. 
  
 (b) Deposits; Cash Payments for Daily
Purchases/Operating Expenses. 
  
 (1) You agree to:

  
 (i) properly prepare and date the Cash Report and submit it
on time; 
  
 (ii) deposit all Receipts into Store safes or other
currency control devices as designated by us before depositing such Receipts in the Bank or night depository we designate; 
  
 (iii) deposit the Receipts for each Collection Period within twenty-four (24) hours after the end of the Collection Period in the Bank or night
depository we designate, except 
  

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 for cash you spend from that day’s Receipts for Purchases or Operating Expenses paid on that day, provided that you
properly report, and provide us with invoices related to, such cash expenditures for Purchases and/or Operating Expenses; and 
  
 (iv) deliver to us, at the times we specify, written verification by the Bank of the deposit (this verification must be dated as of the next day the bank
is open for business immediately following the end of the Collection Period). 
  
 (2) If we request, you agree to deliver the Receipts (except for authorized and documented cash expenditures for Purchases and Operating Expenses) to us rather than depositing the Receipts in the Bank. We have the
right at any time to require that you cease paying for Purchases and/or Operating Expenses with cash out of the Receipts or limit those Purchases and/or Operating Expenses that you are permitted to make with cash out of the Receipts. 
  
 (3) You understand and agree that we may withdraw or use for our benefit any
amounts you deposit in the Bank or deliver to us at any time, without paying any interest or other compensation to you. You agree that we have the right to apply Receipts first to the payment of the 7-Eleven Charge and then to amounts that we pay on
your behalf. We will pay interest on credit balances in the Open Account as specified by Paragraph 13(c). 
  
 (c) Reports and Other Bookkeeping Information. 
  
 (1) You agree to prepare and furnish to us, on forms, at times (including at each courier pick-up), and in the manner (including submission in an
electronic format) that we require: 
  
 (i) daily summaries of
Purchases; 
  
 (ii) daily reports of Receipts; 
  
 (iii) time and wage authorizations for your Store employees on a weekly or
other periodic basis that we require; 
  
 (iv) all information we
request regarding the vendors from which you make purchases; 
  
 (v) actual sales data; and 
  
 (vi) all additional
reports that we may reasonably require from time to time. 
  
 (2)
We may require you to prepare or furnish any required reports using in-store computers, cash register equipment or other types of equipment in the Store. 
  
 (3) You agree to deliver or furnish to us, with the frequency and at the times we require, copies of bank drafts, vendor and other receipts, invoices for
Purchases, and receipts and bills for Operating Expenses. You also agree to keep us currently advised electronically or in writing, as we specify, of all your actual retail selling prices (which you alone will set) and of all discounts, allowances,
and/or premiums you receive. In addition, you agree to use electronic equipment we provide to order, check-in and scan all products that are capable of being handled in those ways. You further agree to keep (for such time period that we specify from
time to time, such time period not to exceed seven (7) years) and make available to us any records, electronic documents, or other documents relating to the operation of the Store that we request you to retain and/or make available. You acknowledge
that we are relying on the accuracy of all information you and your employees provide, including all payroll information. You agree that all information that you and your employees provide will be truthful, accurate, complete, and in compliance with
all applicable laws and with all policies or requirements we implement from time to time, provided that any changes in policies or requirements will not change the fundamental requirements of Paragraph 12(c)(1). A further description of bookkeeping
practices to be used at the Store and our bookkeeping dispute resolution procedures are included in the On-Line Systems Support Guide; however, 
  

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 such bookkeeping dispute resolution procedures do not supercede the dispute resolution provisions contained in Paragraphs
29 and 30, and we are not required to comply with such bookkeeping dispute resolution procedures as a condition to the exercise of our rights under Paragraphs 29 and 30. 
  
 (d) Electronic Invoices. If we have an arrangement with any of your vendors to pay for Purchases through Electronic
Invoices, you agree not to pay, or request that we pay, such vendors in any manner other than through Electronic Invoices in accordance with our requirements related to Electronic Invoice payments. 
  
 (e) Financial Summaries and Assistance That We Provide You. If you are
not in Material Breach of this Agreement, we agree to: (1) provide you with Financial Summaries; (2) pay, on your behalf and in accordance with the vendors’ payment terms, after you approve and submit them to us, bank drafts and invoices for
Purchases (as verified by the vendor statements or the appropriate vendor), bills for Operating Expenses and the payroll for your Store employees; provided, however, that we have the right to immediately pay all Electronic Invoices upon receipt and
without your prior approval, subject to your right to dispute the accuracy of such Electronic Invoices with the vendor after payment; (3) pay you draw checks as provided in Paragraph 11; and (4) assist you in preparing and filing your business tax
reports and returns (except your income tax, related personal tax returns, and governmental census reports) to the extent the information is available from the Bookkeeping Records. You authorize us to collect discounts and allowances that were not
already deducted from invoices, and to charge you for the market value of any premiums you receive based upon Purchases. You acknowledge that we may prepare Interim Financial Summaries at any time. 
  
 (f) 7-Eleven Store Information System. You agree to use the 7-Eleven
Store Information System in connection with your operation of the Store in accordance with our requirements. You agree that we own all information and data compiled by or stored in the 7-Eleven Store Information System, and that we will have
electronic access to, and the right to use in any manner we elect (including selling and retaining all proceeds from such sales) the information compiled and managed by or stored in the 7-Eleven Store Information System or any other store
information systems used at or by the Store at the times and in the manner that we specify. You may not in any way use or disclose all or any part of the information or data compiled by or stored in the 7-Eleven Store Information System, except in
connection with your operation of the Store and as needed to effectively work with your Store suppliers. You may not sell all or any part of the information or data compiled by or stored in the 7-Eleven Store Information System to any individual or
entity. 
  
 13. Open Account; Financing; and Minimum Net Worth.

  
 (a) Open Account. As part of the Bookkeeping
Records, we agree to establish and maintain an Open Account for you. You agree to pay us any unpaid balance in the Open Account upon expiration or termination of the Agreement or earlier as provided in Paragraph 13(b). We will debit all Purchases,
Operating Expenses, draw payments to you and amounts you owe us which relate directly or indirectly to the operation of the Store to the Open Account for the Accounting Period in which we receive invoices, reports or other information with respect
to such Purchases, Operating Expenses and amounts you owe us, regardless of when we pay such amounts for you. We will debit the difference between the Down Payment and the unpaid balance on your initial investment to the Open Account. We will credit
all Receipts to the Open Account for the Accounting Period in which the Cash Report relating to those Receipts is dated, provided that you properly deposit those Receipts in the Bank, deliver them to us, or otherwise properly account for them as
provided in this Agreement. We may also credit any amounts we owe you to the Open Account. We will compute the balance in the Open Account in the manner we consider appropriate on a monthly basis or at any time during an Accounting Period that we
consider it necessary. We will show the Open Account balance in the Financial Summaries or Interim Financial Summaries that we prepare for each Accounting Period (or any portion thereof). 
  

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 (b) Financing. We agree to finance any unpaid balance in the Open Account as a loan to you,
provided that (1) you are not in Material Breach of this Agreement; (2) you have granted us, and we continue to have, a first lien on the Collateral; and (3) you have executed a Security Agreement and financing statements (including any renewal or
continuation financing statements that we require). If at any time there has been a Material Breach by you or we believe that any of the conditions set forth above are not met or if we reasonably believe that our security interest is threatened, we
may discontinue the financing described above. If we do so, you agree to immediately pay us the unpaid balance in the Open Account. 
  
 (c) Interest. If we provide financing on the unpaid balance in the Open Account as described above, then the amount of the unpaid balance in the
Open Account at the beginning of each Accounting Period will bear interest for the number of days in the then-current Accounting Period at the rate specified in Exhibit D. If there is a credit balance in the Open Account at the beginning of any
Accounting Period, then the amount of the credit balance will bear interest for the number of days in the then-current Accounting Period at the rate specified in Exhibit D. We will credit or debit, as applicable, to the Open Account an amount equal
to the accrued interest. However, at our sole option, we may limit the credit balance amount in the Open Account upon which we will pay interest to you upon notice to you. Any such notice will be effective three (3) days after we send such notice to
you, and such notice will advise you of your right to withdraw the full current credit balance in the Open Account. We will pay you interest as determined under this Paragraph 13(c) on the current credit balance until the notice is effective.

  
 (d) Minimum Net Worth. You agree to maintain at all
times during the Term of this Agreement a Minimum Net Worth of at least fifteen thousand dollars ($15,000). If you operate more than one (1) franchised 7-Eleven Store, you agree that we may transfer Net Worth in excess of the Minimum Net Worth in
one (1) of your 7-Eleven Stores to another of your 7-Eleven Stores which has a Net Worth below the Minimum Net Worth, or directly to us if the other Store’s Franchise Agreement is terminated or expires and there was an unpaid balance in the
Open Account at the time of termination or expiration. 
  
 14.
Audit Rights. We agree to conduct at least one (1) Audit each calendar quarter or in any other three (3) month period that we designate. If you request, we will conduct additional Audits for a fee equal to the cost of conducting the Audit. In
addition to our Audit rights, you may engage a reputable, qualified third-party to conduct Audits of the Store upon twenty-four (24) hours prior written notice to us. We have the right, at our option, to enter the Store and conduct Audits: (1)
during hours that the Store is required to be open upon seventy-two (72) hours notice or (2) at any time and without notice (a) after we learn of a Robbery, Burglary, theft, mysterious disappearance of Inventory, Receipts and/or all or any portion
of the Cash Register Fund, or casualty; (b) if you fail to properly account for Receipts or report Purchases and/or Operating Expenses within the time periods provided for in this Agreement; (c) if Net Worth is less than the Minimum Net Worth
required under Paragraph 13(d); or (d) if the last Audit we conducted reflects an Inventory Overage or Inventory Shortage of more than one percent (1%) of the Retail Book Inventory. You and we acknowledge that accurate Audits may be made while the
Store is open for business. You agree that, if you operate more than one (1) franchised 7-Eleven Store, and we are properly conducting an Audit at one (1) of your Stores, then we have the right to simultaneously conduct Audits of all of your
7-Eleven Stores, regardless of whether the conditions for Auditing your other 7-Eleven Stores have been met. Both parties shall receive copies of the report on each Audit. Audits shall be binding twenty-four (24) hours after receipt of such report
unless either party gives notice that such party believes the Audit to be incorrect. If such notice is given, either party may cause a re-Audit to be performed within twenty-four (24) hours. If any such re-Audit conducted for you becomes binding and
results in an adjustment in any Inventory Shortage or Inventory Overage reflected by the last Audit of more than 1% of the Retail Book Inventory, we agree to bear the reasonable cost of such re-Audit. 
  

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 15. Merchandising and Inventory; Recommended Vendors. 
  
 (a) Initial Inventory. On or before the Effective Date, we agree to:
(a) procure the initial Inventory which you will purchase for its Cost Value, except in the case of consigned merchandise; (b) debit your Open Account for any prepaid Operating Expenses; (c) help you clean and stock the Store; and (d) provide other
services to prepare the Store to open for business. 
  
 (b)
Ongoing Inventory and Categories. After the Effective Date, you agree to at all times during the Term of this Agreement carry at the Store all Categories of Inventory that we specify. You may delete any Category if such Category does not meet
sales goals that we establish, provided that you obtain our prior written consent, which consent will not be unreasonably withheld. You agree to carry, use and offer for sale at the Store only the Inventory and other products that are consistent
with the type, quantity, quality, and variety associated with the 7-Eleven Image and as we specify in the Agreement. You agree to comply with all of our standards and specifications for all Inventory, including Proprietary Products and other
products and services carried, used or offered for sale at the Store. 
  
 (c) Proprietary Products. You agree that we have developed and may develop for use in the 7-Eleven System certain Proprietary Products all of which are proprietary to us and which are our Trade Secrets. You acknowledge the importance
of the Proprietary Products to the 7-Eleven System, and agree to maintain in the Store at all times a Reasonable and Representative Quantity of all Proprietary Products listed in Exhibit G or otherwise in writing. We may change the Proprietary
Products that you are required to offer from time to time upon reasonable notice (delivered in electronic or other form) to you either by unilaterally modifying Exhibit G or by otherwise providing you with written notice of the change in the
Proprietary Products that you are required to offer. Effective beginning thirty (30) days after we notify you of the change, you agree to carry and offer for sale the new or modified Proprietary Products. 
  
 (d) Product Packaging and Display. If we require that a product
(including a Proprietary Product) be sold in a standardized container or special packaging (including a container or package that bears the Service Mark), or be sold using certain display cases, equipment, or other related components (including bags
and napkins), you may use only the standardized containers, packaging, display cases, equipment and other components that conform to the type, style and quality we specify and that bear any distinctive identification we may designate. You agree to
properly account for these items as required by this Agreement and to carry all components designated by us as necessary for any Proprietary Product. You may use containers, packaging, display cases, equipment and related components designated for
use in connection with designated Proprietary Products only in connection with the offer, sale or promotion of designated Proprietary Products, unless you obtain our prior written permission. 
  
 (e) Nationally/Regionally Promoted Products and Exclusive Products.
You agree to carry at the Store a Reasonable and Representative Quantity of all designated (i) nationally or regionally advertised or promoted products that are supported by electronic or published media and (ii) products that are exclusive to
7-Eleven in the convenience store channel. You agree to carry the products specified in (i) and (ii) above during the entire duration of the national or regional advertising or promotional campaign or period of exclusivity, as applicable.
Notwithstanding the foregoing, you may discontinue carrying any nationally or regionally advertised or exclusive products if such products do not meet sales goals that we establish and you follow the process we establish for determining whether the
items meet such goals. The method for determining sales goals and the process for deletion for such products will be included in the On-Line Systems Support Guide. This Paragraph 15(e) shall not apply to Proprietary Products. 
  

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 (f) Suggested Retail Selling Prices. We may suggest retail selling prices for Inventory items and
services that you offer at your Store. You have no obligation to sell Inventory items and services at our suggested retail selling prices, but you agree to accurately and timely report to us your actual retail selling prices as required by this
Agreement. 
  
 (g) Vendor Requirements. 
  
 (1) You agree to purchase your Inventory and other products and services
only from Bona Fide Suppliers. Except for shares in publicly-traded companies, you agree not to have or maintain any ownership or voting interest in any vendor from which your Store purchases Inventory, unless we otherwise consent in writing.

  
 (2) You agree to at all times during the Term purchase at
least eighty-five percent (85%) of your total Purchases and, separately, eighty-five percent (85%) of your cigarette purchases, both computed monthly at cost, from Recommended Vendors in compliance with the Recommended Vendor Purchase Requirement,
which is further defined in Exhibit E. 
  
 (3) You acknowledge
the value, importance, and benefits to the 7-Eleven System of a uniform method and close control of production, distribution, and/or delivery of Proprietary Products. You agree to purchase all of your requirements for such Proprietary Products
solely from or through a source (including manufacturers, wholesalers, and distributors) we designate or from us. You agree not to offer or sell at the Store any products which directly compete with the Proprietary Products we designate as
exclusive, unless you obtain our prior written consent. 
  
 (h)
Recommended Vendor Procedure. If you want a Bona Fide Supplier who is not currently a Recommended Vendor to become a Recommended Vendor, you or the Bona Fide Supplier must submit to us a written request for approval and comply with the
Recommended Vendor procedure set forth in this Paragraph 15(h). Upon our receipt of your request to have a Bona Fide Supplier become a Recommended Vendor, we agree to review the qualifications of the Bona Fide Supplier, after submission of all
necessary data and adequate cooperation, to determine whether the Bona Fide Supplier meets our reasonable business and related requirements for a Recommended Vendor. We reserve the right to determine, in our sole discretion, whether a Bona Fide
Supplier meets the necessary requirements to become a Recommended Vendor. The process for Recommended Vendor approval and the general requirements a Bona Fide Supplier must meet to become a Recommended Vendor are set out on the 7-Eleven Intranet. We
reserve the right to revoke our approval of a Bona Fide Supplier as a Recommended Vendor if the Bona Fide Supplier fails to continue to meet any of our then-current criteria. We are not required to approve any particular Bona Fide Supplier as a
Recommended Vendor. We will provide you with at least fifteen (15) days’ notice of any new Recommended Vendors from which you must purchase. 
  
 (i) Designated Service Vendors. We may require you to use only designated vendors that provide equipment as an integral part of certain services
that are offered at your 7-Eleven Store, including pay telephone services, automated teller machines (ATMs), and other financial and/or electronic services. You agree to comply with our reporting requirements with respect to such services and
revenue derived from the sale of such services, as those requirements may be modified from time to time. 
  
 (j) Our Vendor Negotiating Practices and Treatment of Discounts and Allowances. 
  
 (1) In negotiating our contracts with Recommended Vendors and manufacturers (in either case “Vendor”) for
products and services sold in 7-Eleven Stores, we will take the following steps: 
  

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 (i) We agree to make a commercially reasonable effort to obtain the lowest cost for products and
services available from such Vendor to 7-Eleven Stores on a Market Basket Basis by identifying all available discounts, allowances and other opportunities for price adjustments. 
  
 (ii) We will then determine whether or not to accept any discounts, allowances and other opportunities for available price
adjustment by: 
  

	 	•	 	evaluating the limitations, restrictions and conditions placed on the adjustment by the Vendor, and 

  

	 	•	 	taking into consideration whether the nature and requirements of a particular Vendor’s offer is consistent with our business concept and strategies. 

 
 If we decide to accept an allowance, we will ask the Vendor to lower the
cost for products and services available from such Vendor to 7-Eleven Stores in lieu of providing the allowance. If the Vendor advises us that it will not lower the cost of its products and services and we decide to accept the allowance, we will do
so according Paragraph 15(j)(1) (iii) through (vi). 
  
 (iii) If
cooperative advertising allowances are available from the Vendor and the Vendor advises us that it will not lower the cost of its products and services to 7-Eleven Stores in lieu of providing such cooperative advertising allowances, then we will
accept and use such cooperative advertising allowances as designated by the Vendor. 
  
 (iv) If there are any other allowances available from the Vendor and the Vendor advises us that it will not lower the cost of its products and services to 7-Eleven Stores in lieu of providing such allowances, then we
will request that the Vendor provide such allowances as cooperative advertising to be used as designated by the Vendor. 
  
 (v) If the Vendor advises us that it will not provide such other allowances as cooperative advertising, then we will accept and use such allowances as
designated by the Vendor. 
  
 (vi) We will request from the
Vendor written confirmation that the Vendor will not lower the cost of its products and services to 7-Eleven Stores in lieu of providing any available allowances. 
  
 (vii) We will use commercially reasonable efforts to include in all of our contracts with Recommended Vendors provisions
for minimum standards for in-stock rates, assortment, delivery time windows, quality standards, customer assistance and other standards designed to assist the Store, as well as incentives for the Recommended Vendor for meeting the standards and
penalties for failure to comply with such standards. 
  
 (2)
Anything in this Paragraph 15(j) or Exhibit J to the contrary notwithstanding, we will treat all discounts and allowances in the manner provided for in the definition of Cost of Goods Sold set forth in Exhibit E. 
  
 (k) Review of Vendor Negotiating Practices and Treatment of Discounts and
Allowances. Beginning January 1, 2005, we agree to pay the reasonable costs, up to a total of $75,000 per calendar year, incurred by the Franchisee Selection Committee (defined in Exhibit J) in relation to the retention of an independent third
party (“Third Party Reviewer”) as provided in Exhibit J and for the conduct of the review contemplated by Exhibit J, each in accordance with the procedures set forth in Exhibit J. You agree that (i) the dispute resolution procedures set
forth in Exhibit J are the exclusive procedures for resolving any disputes relating to or arising from our undertaking under Paragraph 15(j)(1) 
  

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 and (2); (ii) the review process contemplated by this Paragraph 15(k) shall be the sole remedy for any breach or alleged
breach of Paragraphs 15(j) and (k); and (iii) in no event will you be entitled to recover monetary damages or equitable relief for our failure to meet our obligations under Paragraph 15(j)(1) or under the definition of System Transaction Amounts in
Exhibit E and the damages that you may be entitled to based upon our failure to meet our obligations under Paragraph 15(j)(2) are limited, all as provided in Exhibit J. 
  
 16. 7-Eleven Foodservice Standards. 
  
 (a) Compliance with 7-Eleven Foodservice Standards. You agree to operate the Store, including the Foodservice
Facility, at all times in compliance with the 7-Eleven Foodservice Standards and in compliance with all applicable laws, regulations and codes, including the U.S. Food & Drug Administration Model Food Code. 
  
 (b) 7-Eleven Foodservice Standards Related to Fresh Foods. Without
limiting the generality of Paragraph 16(a), you agree to comply with all of our merchandising and shelf life requirements with respect to Fresh Foods and to purchase Fresh Foods only from Recommended Vendors. 
  
 (c) Foodservice Certification Standards. Where required by applicable
laws or regulations, you agree to cause all Store employees to be certified as qualified to work in the Foodservice Facility before they begin work there and prominently display the certificates evidencing each employee’s certification.

  
 (d) Quality Inspections. We will have the right to
enter the Store premises at any time during the times in which the Store is required to be open for the purpose of conducting inspections to determine whether the Store is in compliance with 7-Eleven Foodservice Standards. You agree to cooperate
with our representatives in such inspections by rendering such assistance as they may reasonably request. You also agree to permit us to remove a reasonable number of samples of food or non-food items from the Store, without payment, subject to your
ability to properly write off any such products, in amounts reasonably necessary for testing by us or an independent laboratory to determine whether such samples meet the 7-Eleven Foodservice Standards. 
  
 (e) Failure to Comply with 7-Eleven Foodservice Standards. If you do
not comply with the 7-Eleven Foodservice Standards, including quality standards or other reasonable operating standards that we establish from time to time, we will give notice of the breach to you. If you do not cure the breach after notice and a
reasonable opportunity to cure, we may perform (or have performed) any action necessary to remedy the breach. If we do so, we may debit your Open Account for the cost of curing the breach. If, after receiving two (2) previous notices of breach and
opportunities to cure, within any five (5) year period you receive a third notice of breach, we may, at our sole option: (1) remove the entire Foodservice Facility or portions of the Foodservice Facility, as we consider appropriate, from the Store
and debit your Open Account for the cost of this removal and of restoring the Store to its previous condition and/or (2) pursue all other remedies available to us under this Agreement, including termination of this Agreement pursuant to Paragraph
26. However, if in our opinion your breach involves a failure to comply with any of the 7-Eleven Foodservice Standards which are intended to protect the health or safety of persons or of any federal, state, or local health regulations (including the
U.S. Food & Drug Administration Model Food Code), or constitutes a threat to any person, then we may require you to immediately stop serving any or all items from the Foodservice Facility, and you will not be permitted to resume offering or
selling such items until you have cured the breach to our sole satisfaction. 
  

 - 15 - 

 17. Our Indemnification. Except as otherwise provided in this Agreement, 
  
 (a) We agree to be responsible for all fire and casualty loss or damage to
the Store building (specified in Exhibit A) and 7-Eleven Equipment (specified in Exhibit B) unless caused by your intentional acts or the intentional acts of your agents or employees. 
  
 (b) We agree to indemnify you for losses and damages related to the operation of the Store as provided in the 7-Eleven
Contractual Indemnification in Exhibit C to this Agreement, unless such losses or damages are caused by your intentional acts or the intentional acts of your agents or employees. We may cancel this indemnification or change this indemnification and
any related definitions one (1) time during each calendar year, or we may replace this indemnification with an insurance policy that we provide or a third-party provides on our behalf. Such cancellation, change, or replacement will be effective on
the first day of the first Accounting Period following the thirtieth (30th) day after we give you notice of such
cancellation, change, or replacement. 
  
 18. Your
Indemnification; Insurance. You agree to be responsible for and indemnify us, our Affiliates, and our and their respective officers, directors, agents, representatives, employees, successors and assigns (collectively, the “7-Eleven
Indemnified Parties”) from all losses arising out of or relating to your Store and its operation, except those specifically the responsibility of or indemnified by us. This indemnification will survive the expiration, termination, or transfer
of this Agreement or any interest in this Agreement. You may obtain insurance to cover your indemnification obligation. Your total indemnification obligation to us will not exceed $500,000. You may also obtain insurance in addition to the
contractual indemnification described in Exhibit C. You agree to notify us if you obtain any such insurance policy, and that policy will name us as an additional insured. We will have no obligation to process claims for you. If you have obtained
such insurance, it will be primary, and our indemnity will be secondary to that insurance except for insurance coverage specifically endorsed to cover losses over and above the contractual indemnification. You agree to maintain worker’s
compensation insurance, including employer’s liability coverage, with a reputable insurer or with a state agency, satisfactory to us, evidence of which will be deposited with us (if with an insurer, such evidence must reflect that the premium
has been paid and that 30 days prior notice to us is required for any cancellation or change). You agree to promptly report to us all casualty losses and other events covered by indemnification or your insurance. 
  
 19. Your Additional Covenants. In addition to your other covenants and
obligations contained in this Agreement, you agree to: 
  
 (a)
maintain a high ethical standard in the conduct of the franchised business and in the operation of the Store; 
  
 (b) devote your best efforts to the business of the Store and to maximizing the Store’s sales and Gross Profit; 
  
 (c) make yourself available to meet with us at reasonable times, at our
request; 
  
 (d) maintain the Store as a 24-Hour Operation, unless
prohibited by law or we agree in writing to different operating hours; 
  
 (e) provide us access to the Store, 7-Eleven Equipment, Inventory, Receipts, Cash Register Fund, cash register readings, banking and other equipment readings (including readings from lottery equipment), money order blanks, bank drafts, and
Store supplies at any time and for any period of time during the times in which the Store is required to be open; 
  

 - 16 - 

 (f) properly record all sales of Inventory at the time of sale at the retail prices you set and generally
offer to customers of the Store; 
  
 (g) wear, and cause Store
employees to wear, only the apparel, including neat and clean uniforms, approved by us while working in the Store; 
  
 (h) at all times, use the 7-Eleven Payroll System in accordance with our standards, unless we otherwise consent in writing; 
  
 (i) comply with and/or to assist us to the fullest extent possible in our
efforts to comply with Anti-Terrorism Laws. In connection with such compliance, you certify, represent, and warrant that none of your property or interests is subject to being “blocked” under any of the Anti-Terrorism Laws and that you are
not otherwise in violation of any of the Anti-Terrorism Laws. Any violation of the Anti-Terrorism Laws by you, or your employees or any “blocking” of your assets under the Anti-Terrorism Laws will constitute grounds for immediate
termination of this Agreement and any other agreement you have entered with us or one of our Affiliates, in accordance with the termination provisions of this Agreement; 
  
 (j) not to, in any way, represent yourself to anyone, including the media, as our representative and not to make any comment
to anyone purporting to be a comment about us or the 7-Eleven System as one of our representatives. You agree to at all times clearly identify yourself as one of our franchisees in any public statements about us or the 7-Eleven System; 

 
 (k) execute all license agreements or similar agreements with us or third
parties required for the installation and/or use of computer hardware or software in connection with the operation of your Store; and 
  
 (l) authorize us to obtain from third parties all information regarding the operation of your Store (for example, information from state lottery agencies
and vendors) and execute all documentation required to effectuate such authorization. 
  
 20. Maintenance and Utilities. 
  
 (a) Your Maintenance Obligations. Except to the extent we may expressly assume any of the following responsibilities in writing, you agree to be responsible for all maintenance, repairs, replacements, janitorial
services and expenses relating to the Store and 7-Eleven Equipment, including: (1) maintaining the Store, 7-Eleven Equipment, other property in the Store and landscaped areas in a clean, attractive, orderly, safe, and sanitary condition and in good
repair and operating condition, reasonable wear and tear excepted (2) replacing light bulbs, ballasts, vault doors, glass, and door closers on the Store and 7-Eleven Equipment; and (3) cleaning the Store interior, the parking lot and walk areas,
including snow and ice removal. 
  
 (b) Maintenance
Contracts. 
  
 (1) Except to the extent that we may
expressly assume in writing any of the above responsibilities or that any master lease of the Store provides, you agree to obtain Maintenance Contracts with reputable firms for maintenance of the Store and 7-Eleven Equipment and, if we consider it
appropriate or necessary, for the landscaped areas outside the Store. Provided, however, you agree to use and pay for maintenance and repair services for the 7-Eleven Store Information System that is provided by a vendor we designate from time to
time. All other Maintenance Contracts must either (a) be the contracts available through us or (b) be contracts that we have approved in writing as provided in Paragraph 20(b)(2) below which cover services comparable to those provided under the
contracts 

  

 - 17 - 

 
available through us. Maintenance Contracts must not include any maintenance services on the HVAC Equipment. 
  
 (2) For all 7-Eleven Equipment provided by us, except for the 7-Eleven Store
Information System, if you do not use Maintenance Contracts available through us, you agree: (a) to provide us with a copy of each such Maintenance Contract that you propose to enter into, (b) to obtain our written approval of each such Maintenance
Contract before you enter into any such Maintenance Contract, and (c) that such Maintenance Contracts must provide for the performance of services, including preventative maintenance services, comparable to those services available through us at the
time the Maintenance Contract is entered into and must be with reputable, financially responsible firms, which (i) maintain adequate insurance and bonding; (ii) have personnel who are factory trained to service equipment that is the same or similar
type as the 7-Eleven Equipment in the Store; and (iii) maintain tools and an adequate supply of parts for the 7-Eleven Equipment. Your Maintenance Contracts for landscaped areas outside the Store must be with reputable, financially responsible
firms. 
  
 (c) Your Failure to Maintain the Store. If the
Store, 7-Eleven Equipment or landscape is not maintained as required above and the condition continues for seventy-two (72) or more hours after we provide notice to you, or if the condition exists upon expiration or termination of this Agreement,
then we will have the right to cause the maintenance to be performed at your expense and/or to obtain Maintenance Contracts for the Store and 7-Eleven Equipment and charge you for the maintenance. 
  
 (d) Maintenance Performed By or Through Us. When we consider it
necessary during the Term of this Agreement, we agree to: (1) repaint and repair the interior and exterior of the Store; (2) replace 7-Eleven Equipment, including cash registers and point-of-sale computers; (3) replace plate glass in front windows
and front doors; (4) repair the floor covering, exterior walls, roof, foundation, and parking lot; (5) maintain the structural soundness of the Store; and (6) maintain the HVAC Equipment. You hereby consent to the foregoing. We may charge you for
any of the repairs or replacements contemplated by this Paragraph 20(d), if, in our reasonable opinion, your abuse or neglect makes them necessary. 
  
 (e) Utilities. We agree to pay for sewer, water, gas, heating oil and electricity for operation of the Store and to pay for all telephone lines
used for the operation of the Store, except for the main telephone line at the Store, the cost of which is your expense. 
  
 21. Taxes. We agree to pay all real and personal property taxes related to the Store and 7-Eleven Equipment specified in Exhibits A and B. You
agree to be solely responsible for, and must pay, all other taxes, including sales, inventory, payroll, occupancy, business and income taxes and personal property taxes related to the Store and any equipment at the Store other than the 7-Eleven
Equipment provided by or through us. 
  
 22. Advertising.

  
 (a) Advertising Fee. 
  
 (1) You agree to pay us the Advertising Fee in the same manner and at the
same time as you pay us the 7-Eleven Charge in accordance with Paragraph 10. Advertising Fees become our property to be spent by us in accordance with Paragraph 22(a)(3) and are not held by us in trust. 
  

 - 18 - 

 (2) The amount of the Advertising Fee will be determined for each Accounting Period, as follows:

  

					
	 Base Period Gross Profit

	 	 Formula for Determination of Advertising Fee

	 More than $400,000
	 	Gross Profit for the Accounting Period x 0.015 (1.5%)
			
	 $300,000 to $400,000
	 	 (Base Period Gross Profit x 0.045) - $12,000 X
 Base Period Gross Profit
	 	 Gross Profit for the
 Accounting
Period

	 Less than $300,000
	 	Gross Profit for the Accounting Period x 0.005 (.5%)

  
 “Base Period
Gross Profit” is defined in Exhibit E. If the Store has not been in operation for twelve (12) full months, then the average Gross Profit for all 7-Eleven Stores in the then-currently assigned 7-Eleven market or other Store unit group designated
by us in which the Store is located for the twelve (12) months immediately preceding the current Accounting Period will be used to determine the Base Period Gross Profit for the first year of Store operations. 
  
 The following is an example of how the above formula for a Base Period Gross
Profit of between $300,000 to $400,000 results in an Advertising Fee for a given Accounting Period: if Base Period Gross Profit equals $340,000, and the current Accounting Period Gross Profit equals $28,333.33, then the formula results in an
Advertising Fee of $274.83, determined as follows: 
  

	
	 $340,000.00 x 0.045 = $15,300 minus $12,000 = $3,300
 $3,300 divided by $340,000 = .0097 (.97%)
 .0097 times $28,333.33 = $274.83

  
 (3) We may arrange
for all advertising of the 7-Eleven System, the Service Mark, the Related Trademarks, or merchandise sold in or services offered by 7-Eleven Stores, as we desire. We agree to spend the Advertising Fees we collect for Advertising Materials and
Programs which may, in our sole discretion, be used for the general benefit of the 7-Eleven System, for local, regional, and/or national promotions, or for specific 7-Eleven Store(s). We agree to accept suggestions from 7-Eleven franchisees on the
use of the funds collected as Advertising Fees. Provided, however, you agree that we have and will continue to have the sole and absolute right to determine how Advertising Fees will be spent, including the selection, direction and geographic
allocation of Advertising Materials and Programs and the types of media utilized and that we and our Affiliates have no fiduciary obligation to you or to other 7-Eleven franchisees with respect to such determinations or expenditures of the
Advertising Fees. 
  
 (4) We undertake no obligation to make
expenditures of Advertising Fees which are equivalent or proportionate to a franchisee’s Advertising Fee payment or to ensure that any particular franchisee benefits directly or pro rata from such expenditures or from the Advertising Materials
and Programs funded by the Advertising Fees. 
  
 (5) You agree
that we have the right to pay or reimburse our expenses of creating, developing, maintaining and administering Advertising Materials and Programs from the Advertising Fees; provided, however, that we agree not to use the Advertising Fees to pay or
reimburse ourselves for any internal costs for administering Advertising Materials and Programs or for any in-house advertising agency costs. You further acknowledge that company-operated Stores or other 7-Eleven franchisees may not be required to
pay an Advertising Fee, and you agree to pay the Advertising Fee notwithstanding the payment by other 7-Eleven franchisees or company-operated Stores of greater, lesser or no Advertising Fees. 
  

 - 19 - 

 (6) We agree to advise you annually of Advertising Fee receipts and our advertising expenditures,
including in what markets the sums were spent and the type of advertising done, all in the form and manner which we determine in our sole discretion to be appropriate. We are not required to audit the receipts and expenditures of the Advertising
Fees or any portion thereof. We will annually advise you of the total amount of our advertising expenditures that are allocated to the Company-operated stores. 
  

(b) Local Advertising/Advertising Approval. In addition to your payment of the Advertising Fee, you may engage in any local print, radio or
television advertising you wish if that advertising accurately portrays the Service Mark, the Related Trademarks and/or the 7-Eleven System, does not jeopardize the 7-Eleven Image, pertains only to the operation of your Store, is in compliance with
all applicable laws, and does not breach any agreement binding on you or us. However, you agree to obtain our written approval before engaging in any advertising or display of the Service Mark or the Related Trademarks if the proposed advertising
materials have not been prepared by us or previously approved by us during the twelve (12) month period preceding their proposed use. You agree to submit any unapproved advertising materials to us, and we agree to approve or disapprove such
materials within a reasonable time of our receipt of the materials. You may not use any unapproved advertising materials that display Service Mark or the Related Trademarks. You agree to promptly discontinue the use of any advertising materials,
whether or not we have previously approved them, upon notice from us. Our advertising approval procedure is set forth in the On-Line System Support Guide. 
  
 (c) Internet Promotion. We expressly reserve the right to promote and display all forms of the Service Mark and Related Trademarks, the 7-Eleven
System, and the 7-Eleven Image by use of the Internet. You may not: (i) engage in any advertising or display of the Service Mark or Related Trademarks; or (ii) market or promote any products or merchandise sold in 7-Eleven Stores or containing,
bearing, or associated with the Service Mark or Related Trademarks by use of the Internet, Internet websites, email, mail order, or similar means, which allows for the display, marketing, or sale of any such products or merchandise other than by
sale through the Store. 
  
 (d) Foodservice Promotion. You
agree to properly utilize the Foodservice point-of-sale support and layouts we designate in accordance with the design of the Foodservice Facility that do not contain pre-printed prices. We may, at our option, add to or change the signs in the
Foodservice Facility at any time. 
  
 23. Service Mark and
Related Trademarks. 
  
 (a) Right to Use the Marks. We
grant you the right to use the Service Mark and Related Trademarks during the Term of this Agreement in accordance with this Agreement and our standards and specifications. (The Service Mark and Related Trademarks are collectively referred to in
this Paragraph 23 as the “Marks”.) 
  
 (b) Agreements
Regarding the Marks. You agree: 
  
 (1) That as between us
and you, we are the owner of all right, title and interest in and to the Marks and the goodwill associated with and symbolized by them. 
  
 (2) Not to take any action that would prejudice or interfere with our rights in and to the Marks. Nothing in this Agreement will give you any right,
title, or interest in or to any of the Marks, except the right to use the Marks in accordance with the terms and conditions of this Agreement. 
  
 (3) That all goodwill arising from your use of the Marks will inure solely and exclusively to our benefit, and upon expiration or termination of this
Agreement and the license 
  

 - 20 - 

 granted herein, no monetary amount will be attributable to you for any goodwill associated with your use of the Marks.

  
 (4) Not to directly, or by assisting another, challenge or
contest our ownership of or rights in or the validity or enforceability of the Marks, any license granted under this Agreement, or any Trade Secret, copyright in any work, or copyrighted works that we own, use or license. 
  
 (5) That any unauthorized use of the Marks will constitute an infringement
of our rights in the Marks. You agree to provide us with all assignments, affidavits, documents, information and assistance related to the Marks that we reasonably request, including all such instruments necessary to register, maintain, enforce and
fully vest our rights in the Marks. 
  
 (6) That we will have the
right to substitute different trade names, trademarks, service marks, logos and commercial symbols for the current Marks to use in identifying the 7-Eleven System and 7-Eleven Stores, services and products. In such event, we may require you to
discontinue or modify your use of any of the Marks or to use one or more additional or substitute marks. We will pay the costs related to such discontinuation, modification, or substitution of the Marks; provided, however, that you will be
responsible for all costs associated with changing letterhead, business cards or other business-related items and permitted trademarked items and all trademarked supplies and trademarked merchandise. 
  
 (c) Use of the Marks. You further agree to: 
  
 (1) Operate and advertise the Store only under the name
“7-Eleven,” without prefix or suffix, unless otherwise authorized or required by us in writing. 
  
 (2) Not use the Marks as part of any corporate, legal or other name. 
  
 (3) Not use the Marks to incur any obligation or indebtedness on behalf of us. 
  
 (4) Not use any Marks except as expressly authorized in this Agreement.

  
 (5) Comply with our instructions in filing and maintaining
requisite trade name or fictitious name registrations, and execute any documents deemed necessary by us or our counsel to obtain protection of the Marks or to maintain their continued validity and enforceability. 
  
 (d) Certain Prohibited Conduct. In addition to other prohibitions in
this Agreement, you may not, at any time: 
  
 (1) use, except as
permitted by this Agreement, the Service Mark, any other trade indicia, that we own or license, including the Related Trademarks, the goodwill represented by any of them, the 7-Eleven System, the Trade Secrets, any Advertising Materials or Programs
that we own, use or license, or claim any right to any of them, except a right to use them that is expressly granted by the terms of this Agreement; 
  
 (2) use any work of authorship which is substantially similar to a work subject to a copyright we own or license; 
  
 (3) make, support or help another to make use of any name, trademark,
service mark, trade dress or other visual or audible material which is not expressly permitted by this Agreement and comprises in part the numeral “7” or the term “eleven” or is otherwise likely to cause confusion with

  

 - 21 - 

 or dilute the distinctiveness of the Service Mark or any other trade indicia, including the Related Trademarks, that we
own or license; or 
  
 (4) commit any other act which may
adversely affect or be detrimental to us, other 7-Eleven franchisees, or any of our rights in or to the Service Mark, other trade indicia, including the Related Trademarks, or any copyright or Trade Secret that we own or license, the 7-Eleven Image,
or the 7-Eleven System. 
  
 You acknowledge that any breach of any
of the terms of the covenants contained in Paragraph 23(d)(1) through (4) will result in irreparable injury to us and that we are entitled to injunctive relief to prevent any such breach. 
  
 (e) Infringement and Dilution. You agree to notify us immediately of any apparent infringement or dilution of or
challenge to our use of or rights in any Mark by any person. You agree not to communicate with any person other than us or our counsel and your counsel in connection with any such apparent infringement, dilution, challenge or claim. We will have
complete discretion to take any action we deem appropriate in connection with any infringement or dilution of, or challenge or claim to, any Mark and the right to control exclusively, or to delegate control of, any settlement, litigation, Patent and
Trademark Office proceeding or other proceeding arising out of any such alleged infringement, dilution or challenge or claim, or otherwise relating to any Mark. You agree to execute all such instruments and documents, render such assistance, and do
such acts or things as may, in our opinion, reasonably be necessary or advisable to protect and maintain our interests in the Marks. 
  
 (f) Domain Names; Use of Internet. 
  
 (1) You acknowledge that we are the lawful, rightful and sole owner of the Internet domain names “www.7-Eleven.com” and
“www.7-11.com” and any other Internet domain names registered by us. You unconditionally disclaim any ownership interest in such domain names or any similar Internet domain names. You agree not to register or to use any Internet
domain name in any class or category, or any other URL, that contains words and/or numbers used in or similar to those used in the Service Mark or any Related Trademark, or any abbreviation, acronym, phonetic variation or visual variation of those
words and/or numbers. You will assign to us any such domain name(s) you own on the Effective Date. 
  
 (2) You agree not to establish an Internet website that displays the Marks or relates or refers to the Store without our prior written approval and our
grant of a license to use the Marks on such website. 
  
 24.
Renewal of Franchise. On the Expiration Date of this Agreement, you may, at your option, renew your rights under this Agreement for one (1) term equal to the number of years of the initial term provided for in our then-current Store Franchise
Agreement, if all of the following conditions have been met: 
  

	 	(a)	You give us written notice of your election to renew not less than nine (9) months or more than twelve (12) months before the Expiration Date. 

  

	 	(b)	We, in our sole judgment, decide to keep the Store open as a 7-Eleven Store. 

  

	 	(c)	The law permits the renewal of your franchise and the continued operation of the Store. 

  

	 	(d)	We determine, in our sole judgment, that your Store is in compliance with the 7-Eleven Foodservice Standards. 

  

	 	(e)	You are not in Material Breach of this Agreement, and you are current on all amounts you owe to us as of the Expiration Date. 

  

 - 22 - 

	 	(f)	You have maintained the Minimum Net Worth required by Paragraph 13(d) throughout the one (1) year period immediately preceding the Expiration Date. 

  

	 	(g)	You sign and deliver to us our then-current form of Store Franchise Agreement for franchise renewals, which agreement shall supersede this Agreement in all respects, and the terms
of which may differ from the terms of this Agreement, and a mutual termination of this Agreement and general release of claims, in a form substantially similar to Exhibit H to this Agreement. You will not be required to pay an initial or renewal fee
in connection with the renewal of the franchise. 

  

	 	(h)	We have not sent you four (4) or more notices of Material Breach of this Agreement during the two (2) year period immediately preceding the Expiration Date.

  

	 	(i)	You have completed any additional training we require. We agree to pay the reasonable costs associated with the training specified in Exhibit D to this Agreement.

  
 If, at the time of renewal, we are not offering,
or attempting to comply with regulatory requirements so that we can offer, a Store Franchise Agreement, then, if applicable law permits and if the requirements for renewal are otherwise satisfied, we agree to renew your franchise on the terms and
conditions of this Agreement, and you will not be required to execute a new Store Franchise Agreement. 
  
 25. Assignment.  
  
 (a) Assignment by Us. We will have the right to transfer or assign this Agreement and all or any part of our rights or obligations herein to
any person or legal entity without your consent, and upon such transfer or assignment, the transferee or assignee will be solely responsible for all our obligations arising under this Agreement subsequent to the transfer or assignment. Without
limitation of the foregoing, we may sell our assets to a third party; may offer our securities privately or publicly; may merge with or acquire other corporations, or may be acquired by another corporation; or may undertake a refinancing,
recapitalization, leveraged buyout or other economic or financial restructuring. 
  
 (b) Assignment by You. 
  
 (1) Neither your interest under this Agreement nor all, or substantially all, of the Collateral may be transferred or assigned in any way, partially or completely, without our prior written consent. Without limitation of the foregoing, you
may not (a) assign the Lease or transfer an interest in all or substantially all of the Collateral without assigning the entire Agreement in accordance with this Section 25(b) or (b) sublease all or any portion of the Store or 7-Eleven Equipment. We
may condition our consent on the satisfaction of all of the following conditions: 
  
 (i) You authorize us to provide the transferee with, and the transferee executes, a disclosure form containing a waiver and a release by the transferee of any claim against us for any amount paid to you or
representation made by you; 
  
 (ii) You authorize us to provide
the transferee with a list of all 7-Eleven stores available for franchise in the division or general area where the Store is located; 
  
 (iii) You execute, at our option, a mutual termination of this Agreement and general release of claims (in a form similar in all material respects to
Exhibit H) or an assignment of this Agreement and general release of claims (in a form similar in all material respects to Exhibit H) and an indemnity for any claim by the transferee in any way arising out of or related to the transfer and
arrangements or communications between you and the transferee; 
  

 - 23 - 

 (iv) You pay all amounts due us or our Affiliates in full and make arrangements satisfactory to us for
the payment of all amounts which may become due upon delivery of final Financial Summaries, including, at our option, the payment into the Open Account of all premium monies you will receive for the franchise; and 
  
 (v) This Agreement has not been terminated and no termination is pending and
you are not in Material Breach of this Agreement. 
  
 (2) We will
approve or disapprove a proposed transferee or assignee for training within sixty (60) days after we have received all information regarding the proposed transaction that we reasonably require. If approved, the transferee must, at our option,
execute either the then-current form of 7-Eleven Store Franchise Agreement or an assumption of this Agreement (in either case providing for the then-current financial terms, including the Down Payment, 7-Eleven Charge, Franchise Fee and all other
current terms), complete the then-required training, and be otherwise determined in our sole opinion to meet all qualifications to become a 7-Eleven franchisee, including those general qualifications set forth in the then-current On-Line Systems
Support Guide. 
  
 (3) You and your proposed transferee must have
met all of the conditions set forth in this Paragraph 25(b) that we require in order to obtain our final approval of the proposed transfer or assignment. After you transfer or assign your interest under this Agreement and the Collateral, you will
have no further right, claim or interest in or to the franchise, the Store, or any assets used or acquired in conjunction with them. 
  
 (4) You may not grant a security interest in, or otherwise encumber, this Agreement or the Collateral. 
  
 (c) Our Right of First Refusal. If you wish to transfer or assign any
interest in this Agreement pursuant to any bona fide offer received from a third party to purchase such interest, then you agree to promptly notify us in writing of the offer, and must provide such information and documentation relating to the offer
as we may require. We or our designee will have the right and option, exercisable within ten (10) Business Days after receipt of such written notification and copies of all required documentation describing the terms of the offer, to send written
notice to you that we or our designee intend to purchase the interest on the terms and conditions offered by the third party as stated in the notice. If we or our designee elect to purchase the interest, closing must occur on or before ten (10)
Business Days from the date of our or our designee’s notice to you of our or our designee’s election to purchase or any other date agreed by the parties in writing. If the third party offer provides for payment of consideration other than
cash, we or our designee may elect to purchase the interest for the reasonable cash equivalent. A material change in the terms of any offer prior to our providing you notice of our intent to exercise our right to purchase the interest will
constitute a new offer subject to the same right of first refusal as an initial offer. 
  
 26. Termination.  
  
 (a)
Termination by Us. We may terminate this Agreement (subject to your right to cure where stated below) for the occurrence of any one (1) or more of the following events (each of which you acknowledge is a Material Breach and constitutes good
cause for termination): 
  
 (1) Upon forty-five (45) calendar
days’ notice to you, subject to your right to cure during such forty-five (45) calendar day period, if: 
  
 (a) you do not operate the Store as a 24-Hour Operation or for a different number of hours of operation which we have agreed to in writing before the
reduction in hours of 
  

 - 24 - 

 operation, unless the reduction (1) is the result of governmental regulation and (2) is not directly or indirectly caused
by your acts or omissions; 
 (b) you do not comply with any agreement to which you and we or our Affiliate are a party or with a master
lease pertaining to the Store or 7-Eleven Equipment if a copy of the pertinent provisions of such agreement or lease has been provided to you, or with the usual and normal terms of any lease transaction we may enter into with respect to the Store or
7-Eleven Equipment; 
  
 (c) you do not use the Store or 7-Eleven
Equipment solely in connection with your operation of the Store under the 7-Eleven System; 
  
 (d) you do not properly maintain the Store and 7-Eleven Equipment; 
  
 (e) you do not obtain our advance written consent for making any additions to the Store or 7-Eleven Equipment or discontinuing using any of the 7-Eleven
Equipment; 
  
 (f) you do not remit insurance proceeds to us
which are due and owing to us under the terms of this Agreement; 
  
 (g) you do not indemnify us as required under Paragraph 18; 
  
 (h) you do not comply with any provisions of Paragraph 31(f), except if you encumber, transfer or assign any ownership in the franchise in violation of Paragraph 25, for which we may terminate this Agreement on thirty (30) calendar
days’ notice without an opportunity to cure pursuant to Paragraph 26(a)(3)(b); or 
  
 (2) Upon thirty (30) calendar days’ notice to you, subject to your right to cure during such thirty (30) calendar day period, if:  
  
 (a) you improperly use or jeopardize (through advertising or otherwise) the
Store, the Service Mark, the Related Trademarks (or the goodwill represented by any of them), copyrights or advertising owned or licensed by us, the 7-Eleven System, or the 7-Eleven Image; 
  
 (b) you offer or sell any Proprietary Product or other product bearing the
Service Mark or any of the Related Trademarks that you have purchased from a source not authorized to produce or offer such products, and you have duly reported your purchase of such product(s) to us; 
  
 (c) you do not pay in a timely manner any taxes or debts with respect to the
Store or 7-Eleven Equipment which you are obligated to pay, or a tax lien is imposed on you which affects the Store, so long as such failure to pay or the imposition of such tax lien is not caused by us; 
  
 (d) you do not maintain workers’ compensation coverage as required by
Paragraph 18; 
  
 (e) you fail to comply with Paragraph 15
regarding the merchandising and Inventory, Proprietary Products, product packaging and display, nationally and regionally promoted and exclusive products, retail selling prices, and designated service vendors; 
  
 (f) you do not comply with the 7-Eleven Foodservice Standards that we
establish from time to time (including the requirement to wear uniforms), except for your failure to comply with any 7-Eleven Foodservice Standards for the Foodservice Facility, with respect to which we 
  

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 may terminate this Agreement on three (3) calendar days’ notice and opportunity to cure pursuant to Paragraph
26(a)(6) below; 
  
 (g) you do not notify us in an accurate and
timely manner of discounts, allowances or premiums you receive or of your retail selling prices; 
  
 (h) you do not obtain or maintain all licenses, permits, or bonds necessary, in our opinion, for your operation of the Store, so long as such failure to
obtain or maintain the licenses, permits, or bonds is not caused by us; 
  
 (i) you violate or fail to comply with any applicable law, rule, regulation, ordinance or order relating to the operation of the Store, including those relating to the sale of alcoholic beverages; 
  
 (j) the unpaid balance in the Open Account becomes immediately due and
payable, but you do not repay our loan to you in accordance with this Agreement; 
  
 (k) you fail to comply with Paragraph 12(f) regarding the use of the 7-Eleven Store Information System and data; 
  
 (l) you do not provide records or reports we require, as provided herein, or do not cooperate with us in obtaining information from any of your vendors
or state agencies, except for your failure to provide the records and reports listed in Paragraph 26(a)(4)(b) below for which we may terminate on three (3) Business Days’ notice and opportunity to cure; or 
  
 (m) except as provided in Paragraphs 26(a)(1), (3), (4), (5), or (6), you
otherwise commit a default under this Agreement which is susceptible of being cured or a default under any amendment which is capable of being cured and for which the amendment does not specify a notice and cure provision. 
  
 (3) Upon thirty (30) calendar days’ notice to you, and with
no right to cure, if:  
  
 (a) a voluntary or
involuntary petition in bankruptcy is filed by or against you, you make an assignment for the benefit of creditors, or a receiver or trustee is appointed; 
  
 (b) you attempt to encumber, transfer or assign any interest under this Agreement or the assets of the franchised business in violation of Paragraph 25;

  
 (c) you are convicted of, or plead nolo contendere to, a
felony not involving moral turpitude; 
  
 (d) you do not maintain
an independent contractor relationship with us; 
  
 (e) you offer
or sell any Proprietary Product or other product bearing the Service Mark or any of the Related Trademarks which you have obtained from a source not authorized to produce or offer such products, and you have not duly reported your purchase of such
product(s) to us; or 
  
 (f) you misrepresent, misstate, or fail
or omit to provide material information required as a part of the qualification process. 
  

 - 26 - 

 (4) Upon three (3) Business Days’ notice to you, subject to your right to cure during
such three (3) Business Day period, if:  
  
 (a) your
Net Worth is less than the Minimum Net Worth required by Paragraph 13(d); 
  
 (b) you do not properly record, deposit, deliver, or expend and report Receipts or deliver deposit slips, cash reports, and all supporting documents, receipts for cash Purchases, and invoices or other reports of
Purchases as required by Paragraph 12; or 
  
 (c) during the
times in which you are required to be open, you do not permit any Audit provided for in Paragraph 14 or you deny access to any part of the Store, 7-Eleven Equipment, Inventory, Receipts, Cash Register Fund, cash register receipts or readings,
amusement machine, banking and other equipment readings, money order blanks, bank drafts, or Store supplies. 
  
 (5) Upon three (3) Business Days’ notice to you, and with no right to cure, if:  
  
 (a) you vacate, desert or otherwise abandon the Store (and, immediately
after we determine that you have abandoned the Store, we may take possession of the Store pursuant to the provisions of Paragraph 26(f), operate the Store for your benefit during such notice period, and charge your Open Account for Operating
Expenses and other costs that we incur in connection with the operation of the Store on your behalf); 
  
 (b) you are convicted of, or plead nolo contendere to, any charge which involves moral turpitude; 
  
 (c) you disclose Confidential Information in violation of Paragraph 5
(provided, however, that we will not deem you in Material Breach of this Agreement as a result of isolated incidents of disclosure of Confidential Information by one of your employees if you have taken reasonable steps to prevent such disclosure,
including the steps a reasonable and prudent owner of confidential and proprietary information would take to prevent disclosure of such information by its employees, and further provided that you pursue all reasonable legal and equitable remedies
against such employee for such disclosure of such Confidential Information); or 
  
 (6) Upon three (3) calendar days’ notice to you, subject to your right to cure during such three (3) calendar day period, if you fail to comply with any of the 7-Eleven Foodservice Standards related to
Foodservice Facilities or you fail to allow a quality assurance inspector into the Store when requested. 
  
 (7) Immediately upon notice to you with no right to cure, if you violate any of the Anti-Terrorism Laws. 
  
 (8) Upon forty-five (45) calendar days’ notice to you and with no
right to cure, if a provision of this Agreement (including all or any part of Paragraphs 15, 16, or 22), which we, in our sole discretion, determine to be material, is declared invalid by a court of competent jurisdiction, as set forth in
Paragraph 31(e). 
  
 (b) Curing Breaches; Multiple
Defaults. If a Material Breach is curable, as specified above, and if you have not previously been served with three (3) separate notices of Material Breach within the two (2) years prior to the occurrence of a fourth (4th) Material Breach, you shall have the right to cure any Material Breach set forth above prior to the expiration of the notice
period for that Material Breach (or such other period as may be imposed by law or by any agreement to which we are a party), by 
  

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 taking such actions (or allowing us to take such actions on your behalf) as we may reasonably determine to be necessary
to restore us to substantially the same condition we would have held but for your breach. We will not use any notice of Material Breach as a basis for terminating this Agreement if: (i) such notice of Material Breach has been determined by a court
not to have been validly issued, or (ii) if we agree that such notice of Material Breach was not validly issued. 
  
 If you have been served with three (3) separate notices of any Material Breach within the two (2) years before a fourth (4th) Material Breach, we may terminate this Agreement immediately upon notice to you of the fourth (4th) Material Breach in such two (2) year period without any opportunity to cure, whether or not such Material Breaches are of the
same or different nature and whether or not such Material Breaches have been cured by you after notice by us. Following the fifth (5th) anniversary of our notice to you of any Material Breach, such Material Breach will not be used as a basis for termination under this Paragraph 26(b), provided that such Material Breach has been cured. 
  
 (c) Termination on Death or Incapacitation. We may terminate this
Agreement upon thirty (30) days’ notice (or such longer period that we may determine or as required by applicable law) if you die or become incapacitated. However, if you are more than one (1) individual and only one (1) individual dies or
becomes incapacitated, we may, at our option, (1) continue this Agreement with the survivor or non-incapacitated individual or (2) require the survivor or non-incapacitated individual to execute our then-current form of Store Franchise Agreement,
which contains the same financial terms as this Agreement, for the remainder of the Term of this Agreement. 
  
 (d) Market Withdrawal. We may terminate this Agreement upon not less than thirty (30) days’ Withdrawal Notice (or such longer time that we
determine or as required by applicable law), if we determine, in good faith and in a normal course of business, to cease the operation of all 7-Eleven Stores in the relevant geographic market area (being the state or metropolitan statistical area
(“MSA”) or similar designation as periodically established by the Office of Management and Budget or any replacement governmental office), or in a geographically separate area outside of a MSA in which the Store is located. You acknowledge
that such determination and action will be “good cause” for termination. In the event of a sale, transfer or assignment of all of our right in the Stores in the area, or a decision by us to close the Stores in your area, you will have the
right of first refusal, or of purchase, as the case may be, to be exercised within the first ten (10) days after you receive the Withdrawal Notice, to acquire and receive assignment of all of our non-proprietary rights in and to the Store, the
equipment (specifically excluding, without limitation, the 7-Eleven Store Information System) and real property. Such right will be exercisable upon the same terms as agreed upon between us and a bona fide third party transferee, or in the absence
of such an agreement, at a purchase price determined by an appraiser appointed by us and upon terms acceptable to us. If the purchase price is to be determined by an appraiser appointed by us, the decision of the appraiser will be final. All costs
of appraisal will be shared equally by you and us. This Paragraph 26(d) does not apply if our agreement to sell, transfer or assign to a third-party our rights in the Store(s) in your area and/or the Franchise Agreement(s) related to such Store(s)
contemplates that the Store(s) will continue to be operated as 7-Eleven Stores. 
  
 (e) Transfer and Refund Rights. 
  
 (1) In addition to the other grounds for termination set forth in this Agreement, this Agreement will terminate before the Expiration Date: 
  
 (a) thirty (30) days before the loss of our Leasehold Rights; 
  
 (b) if there is a condemnation (or transfer instead of condemnation) which results in our decision to discontinue
operations of the Store as a 7-Eleven Store; 
  
 (c) if there is
casualty damage to the Store or 7-Eleven Equipment which we determine cannot reasonably be repaired or replaced within thirty (30) days; or 
  

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 (d) the Store permanently closes because applicable law requires permanent closure of the Store,
provided that the required closure is not the result of our or your acts or omissions. 
  
 If this Agreement is terminated pursuant to this Paragraph 26(e), then for one hundred eighty (180) days following the date of such termination, you will have the right to choose either to transfer to another 7-Eleven Store available as a
franchise (a “Transfer”) or to receive a refund of a portion of the Franchise Fee paid by you (a “Refund”), on the terms and conditions stated below, but you will not have the right to both a Refund and a Transfer. If, upon the
expiration of such one hundred eighty day (180) day period, you have not elected to Transfer as provided below, you will be deemed to have elected to receive the Refund. 
  
 (2) In order to elect to Transfer, you agree to either sign the then-current 7-Eleven Store Franchise Agreement for the new
Store or complete a “Transfer Election Form”. If you elect to Transfer, and you meet the conditions set forth below, the Transfer will be completed within a reasonable time after you elect to Transfer, but in no event later than six (6)
months after you elect to Transfer. If you are otherwise eligible for a Transfer, you also agree to meet all of the following conditions: 
  
 (a) you are not selling or assigning your interest in the Store or transferring your interest to a third party pursuant to Paragraph 25; 
  
 (b) you are not in Material Breach of this Agreement at the time of your
election to Transfer; 
  
 (c) you have had a Net Worth in an
amount greater than or equal to the Minimum Net Worth required by Paragraph 13(d) for the one (1) year immediately before your election; 
  
 (d) you execute and deliver to us the then-current 7-Eleven Store Franchise Agreement available for 7-Eleven Stores in the area in which the Store to
which you wish to Transfer is located and a mutual termination of this Agreement and general release of claims, in a form substantially similar in all material respects to Exhibit H. You will not be required to pay a Franchise Fee under the new
Store Franchise Agreement that you execute, and the term of such new Store Franchise Agreement will be equal to the term then remaining under this Agreement; 
  
 (e) you have not been served with four (4) or more notices of Material Breach within the two (2) years before your election; and 
  
 (f) you complete any additional training we request, but we agree to bear
the costs for the training as provided in Exhibit D. 
  
 If you have satisfied
these conditions and you choose a Transfer, then the Transfer may be to any 7-Eleven Store you select (i) which is available for franchise, (ii) which has been open for business as a 7-Eleven Store for at least twelve (12) months, and (iii) for
which you meet our then-current qualifications as we determine in our sole discretion. We will not be responsible for your moving or relocation expenses or any premium amount, broker’s fee or any other payment to a third party arising in
connection with the Transfer. 
  
 (3) If you elect the Refund,
the Refund will be calculated by deducting twenty thousand dollars ($20,000) from the Franchise Fee you paid when you signed this Agreement; dividing the remainder thereof by one hundred eighty (180); and multiplying the result by the number of
calendar months from the first day of the next month following the date you notify us of your election to receive the Refund through the month of the scheduled Expiration Date. If you are otherwise eligible for a Refund, you also agree to meet all
the following conditions: 
  
 (a) you are not selling or
assigning your interest in the Store for a premium, or transferring your interest to a third party pursuant to Paragraph 25; 
  

 - 29 - 

 (b) you are not in Material Breach of this Agreement at the time you elect to receive the Refund;

  
 (c) you have had a Net Worth in an amount greater than or
equal to the Minimum Net Worth required by Paragraph 13(d) for the one (1) year immediately before your election; and 
  
 (d) you execute and deliver to us a mutual termination of this Agreement and general release of claims, in a form substantially similar in all material
respects to Exhibit H; and (E) you have not been served with four (4) or more notices of Material Breach within the two (2) years before your election. 
  
 (4) You will not have the right to a Transfer or Refund if (i) we terminate this Agreement for cause; (ii) you voluntarily terminate this Agreement;
(iii) there has been a condemnation which results in our deciding to discontinue 7-Eleven operations at the Store and if you received any portion of a condemnation award as provided in Paragraph 8(d); or (iv) our Leasehold Rights expire and are not
renewed or otherwise extended, or if our Leasehold Rights are terminated, as a result of your or your employees’ acts or omissions. 
  
 (5) You agree that if one of the events giving you the right to elect a Transfer or Refund occurs, you will have no right to receive any damages from us,
and the Transfer or Refund will be your only remedy. 
  
 (f)
Our Right to Assume Operation of the Store. We may enter the Store premises and take possession of the Store, 7-Eleven Equipment, Inventory, Receipts, Cash Register Fund, money order blanks, bank drafts and Store supplies and continue the
operation of the Store for your (or your heirs’ or legal representatives’) benefit and account pending the expiration or termination of this Agreement or resolution of any dispute under this Agreement if: (1) the Store is not open for
operation as provided in Exhibit D; (2) you die or become incapacitated, except as otherwise provided in Exhibit F (“Survivorship”); or, (3) in our opinion, a divorce, dissolution of marriage, or felony proceeding in which you are involved
jeopardizes the operation of the Store or the 7-Eleven Image. On behalf of yourself, your heirs, and your legal representatives, you hereby consent to our operating the Store pursuant to the terms of this Paragraph 26(f) and agree to release and
indemnify us from and against any liability arising in connection with our operation of the Store pursuant to this Paragraph 26(f). 
  
 27. Mutual Termination; Termination by You. 
  
 (a) Mutual Termination. This Agreement may be terminated at any time by written agreement between you and us. 
  
 (b) Termination by You. 
  
 (1) You may terminate this Agreement upon at least seventy-two (72) hours
written notice to us (or shorter notice, if we accept it). If you elect to terminate this Agreement and provide us less than thirty (30) days prior written notice, you agree to pay us a termination fee in an amount equal to two thousand five hundred
dollars ($2,500). We have the right to debit such termination fee to your Open Account. 
  
 (2) Provided that you are not transferring your interest under this Agreement to a third party, then, on or before the ninetieth (90th) day following the Effective Date, you may terminate this Agreement upon ten (10) days prior written notice to us, and, if you execute a mutual termination
and general release acceptable to us and comply with all other terms of this Agreement, we agree to refund, without interest, an amount equal to the Franchise Fee minus the training expenses stated in Exhibit D which we have reimbursed you for or
paid on your behalf; provided, however, that you are not eligible for 
  

 - 30 - 

 this termination right and refund of the Franchise Fee if you are (a) a previous or renewing franchisee, (b) a franchisee
who has a 7-Eleven Store Franchise Agreement with us other than under this Agreement, or (c) our former employee. This right to a refund of the Franchise Fee is in no way related to the Refund right described in Paragraph 26(e). 
  
 28. Close Out Procedure. 
  
 (a) Post-Expiration/Termination Obligations. Upon the expiration or
termination of this Agreement, all rights granted to you hereunder will terminate and you agree to: 
  
 (1) Immediately and without any further notice (unless further notice is required by law and cannot be waived) peaceably surrender the Store and 7-Eleven
Equipment, which must be in the same condition as when you first received them, normal wear and tear excepted. If we are required by law to provide you any notice, and such notice may be waived, then you hereby waive your right to receive such
notice; 
  
 (2) Transfer to us, or, at our option, a third-party
transferee, the Final Inventory of the Store. We or such third-party transferee will pay you an amount equal to the Cost Value of the Final Inventory in accordance with Paragraph 28(b)(2) below. We agree to permit you to transfer the Final Inventory
to a third-party transferee only if all amounts that you owe us and our Affiliates are paid in full and you make arrangements satisfactory to us for the payment of any amounts which may become due upon delivery of final Financial Summaries. You
agree that any property belonging to you and left in the Store after the surrender and transfer will become our sole property; 
  
 (3) Transfer to us the Receipts, Cash Register Fund, prepaid Operating Expenses, money order blanks, bank drafts, lottery tickets (if applicable) and
Store supplies; 
  
 (4) Immediately cease using the Service Mark,
the Related Trademarks, and all elements of the 7-Eleven System, including the Confidential Information and Trade Secrets; 
  
 (5) Return to us any copy of the Trade Secrets and Confidential Information, including the On-Line Systems Support Guide and any manuals we provided you,
along with all copies or duplicates thereof, all of which are acknowledged to be our sole property. If you possess any of the foregoing in electronic form, you will delete such material from your computers and other storage devices and not use such
material and not retain any copy or record of any of the foregoing, except your copy of this Agreement and of any correspondence between you and us; 
  
 (6) Execute all necessary documentation to transfer all licenses and permits relating to the Store to us; and 
  
 (7) Comply with all other post-expiration/termination obligations set forth
in this Agreement. 
  
 (b) Settlement of Open Account.
Within thirty (30) days after you surrender and transfer the Store and 7-Eleven Equipment in accordance with Paragraph 28(a), we agree to: 
  
 (1) Credit your Open Account for the Receipts, Cash Register Fund, prepaid Operating Expenses, usual and reasonable amounts of Store supplies transferred
to us, or a third-party transferee, as applicable; 
  
 (2)
Credit your Open Account an amount equal to the Cost Value of the Final Inventory; 
  

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 (3) Credit your Open Account $100 if your copy (and all duplicate copies that you may possess) of the
On-Line Systems Support Guide and other operations manuals provided by us to you are returned to us; 
  
 (4) Debit your Open Account $200 as a closing fee; and 
  
 (5) Remit to you any amount by which we estimate the Net Worth (except for any amount due you under Paragraph 27) will exceed the greater of $15,000 or
25% of your total assets (as reflected on the balance sheet that we prepare for the Store for the applicable Accounting Period). We may withhold any additional amounts required by bulk transfer laws or any other similar laws or state or federal
agencies. 
  
 (c) Payment of Indebtedness to Us; Delivery of
Final Financial Summaries. Upon termination or expiration of this Agreement, any unpaid balance on the Open Account will be immediately due and payable upon demand by us. Within one hundred five (105) days after the last day of the month in
which the surrender and transfer of the Store and 7-Eleven Equipment occurs, we agree to deliver final Financial Summaries to you. If the final Financial Summaries reflect a credit balance in the Open Account, we agree to deliver a check in the
amount of the credit balance with the final Financial Summaries. If the final Financial Summaries reflect a debit balance in the Open Account, you agree to immediately pay us the debit balance. Your endorsement of any check sent with the final
Financial Summaries or other acceptance of the funds tendered by us acknowledges your release of all claims affecting the figures set forth in the final Financial Summaries. 
  
 29. Mediation. 
  
 We and you acknowledge that during the Term of this Agreement certain disputes may arise between us that we and you are unable to resolve, but that may be
resolvable through mediation. To facilitate such resolution, we and you agree that, except as otherwise specified below, if any dispute between you and us cannot be settled through negotiation, then before commencing litigation to resolve the
dispute, you and we will first attempt in good faith to settle the dispute by non-binding mediation. The mediation will be conducted under the auspices and then-prevailing mediation rules of the American Arbitration Association or any successor
organization (the “AAA”), unless you and we agree to mediate under the auspices of another mediation organization or other rules. The mediation is subject to the following terms and conditions: 
  
 (a) Unless otherwise agreed, the mediation will take place at a mutually
accessible neutral location within the market area in which your Store is located. 
  
 (b) You and we agree to share the mediator’s fees and expenses and the fees charged by AAA (or any other organization used for the mediation), with two-thirds to be paid by us and one-third by you. Each of us
agrees to be solely responsible for any other expenses you or we incur in connection with the mediation. You and we agree that any mediation between you and us, and any mediation between any other 7-Eleven franchisee and us, will be confidential and
non-discoverable and that statements made by either side in any such mediation proceeding will not be admissible for any purpose in a subsequent legal proceeding, and you and we agree to execute documents to evidence such agreement. Unless otherwise
specified by the mediation organization and agreed to by you and us, your and our obligations to mediate will be deemed satisfied when six (6) hours of mediation have been completed (whether or not we have resolved our differences), or thirty (30)
days after the mediation demand has been made, if either you or we fail to appear or participate in good faith in the mediation. 
  

 - 32 - 

 (c) Notwithstanding the foregoing, neither you nor we will have an obligation to mediate any dispute
involving (i) the Service Mark or the Related Trademarks; (ii) a failure by you to deposit Receipts as required by this Agreement; (iii) possession of the Store, or (iv) any violation of law relating to the Store where you have admitted the
violation or a judicial or administrative body has made a finding of a violation. 
  
 (d) Either you or we may seek a temporary restraining order, preliminary injunction or any other equitable relief at any time prior to or during the course of a dispute if, in your or our reasonable belief, such
relief is necessary to avoid irreparable damage or to preserve the status quo. Despite such action, you and we agree to continue to participate in the mediation proceedings specified herein. 
  
 (e) Except for the judicial actions described in Paragraphs 29(c) and (d),
above, neither you nor we will initiate judicial proceedings or arbitration proceedings until the mediation has been completed as contemplated by Paragraph 29(b) above. Any applicable statute of limitations will be suspended for the time in which
the mediation process is pending. 
  
 30. Governing Law;
Jurisdiction. 
  
 (a) GOVERNING LAW. THIS AGREEMENT
WILL BE GOVERNED BY AND INTERPRETED AND CONSTRUED UNDER THE LAWS OF THE STATE IN WHICH THE STORE IS LOCATED (EXCEPT FOR APPLICABLE CONFLICT OF LAW RULES). 
  

(b) JURISDICTION. WITH RESPECT TO ANY CONTROVERSY NOT FINALLY RESOLVED THROUGH MEDIATION (AS DESCRIBED ABOVE), YOU HEREBY IRREVOCABLY SUBMIT
TO THE JURISDICTION OF ANY FORUM OR COURT, WHETHER FEDERAL OR STATE, WITHIN THE JUDICIAL DISTRICT IN WHICH THE STORE IS LOCATED. YOU HEREBY WAIVE ALL QUESTIONS OF PERSONAL JURISDICTION FOR THE PURPOSE OF CARRYING OUT THIS PROVISION AND AGREE THAT
SERVICE OF PROCESS MAY BE MADE UPON YOU IN ANY PROCEEDING RELATING TO OR ARISING OUT OF THIS AGREEMENT OR THE RELATIONSHIP CREATED HEREBY BY ANY MEANS ALLOWED BY APPLICABLE STATE OR FEDERAL LAW. 
  
 31. Miscellaneous Provisions. 
  
 (a) Nonwaiver. No act or omission by you or us, or any custom, course
of dealing, or practice at variance with this Agreement, will constitute a waiver of (a) any right you or we have under this Agreement or (b) the other party’s breach of this Agreement, unless it is a waiver in writing, signed by the party to
be bound as provided in Paragraph 31(g) below. No waiver by you or us of any right under or breach of this Agreement will be a waiver of any other subsequent, preexisting or continuing right or breach. Our acceptance of any payment you make to us
after any breach of this Agreement (including our acceptance of the 7-Eleven Charge) will not be a waiver of the breach, even if we know of the breach at the time we accept the payment. No special or restrictive legend or endorsement on any check or
similar item you give to us will constitute a waiver, compromise, settlement or accord and satisfaction. You authorize us to remove or obliterate any such legend or endorsement, and agree that such legend or endorsement will have no effect.

  
 (b) Disclosure. You hereby consent to our
use and disclosure of any information relating to this Agreement or the Store or contained in the Bookkeeping Records to anyone; provided, however, that we will only disclose your Financial Summaries on an anonymous basis, unless we are legally
compelled to disclose them on a non-anonymous basis by subpoena, court order, or otherwise. 
  

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 (c) Circumstances Beyond a Party’s Control. Neither you nor we will be liable in
damages to the other for any failure or delay in performance due to any acts of terrorism, governmental act or regulation, war, civil commotion, earthquake, fire, flood, other disaster or similar event, or for any other event beyond your or our
control, if the affected party (a) promptly notifies the other of the failure or delay and (b) takes all reasonable steps to mitigate damages caused by such failure or delay. 
  
 (d) Notices. 
  
 (i) Except as otherwise provided herein, any notices required to be provided under this Agreement must be in writing and may be (a) personally delivered,
or (b) sent by an expedited delivery service, or (c) mailed by certified or registered mail, return receipt requested, first-class postage prepaid, or (d) sent by facsimile, as long as the sender confirms the facsimile by sending an original
confirmation copy of the notice by certified or registered mail or expedited delivery service within three (3) Business Days after transmission. If you send us a written request to give copies of your notices to someone you designate and include the
name and address of your designee, we agree to send copies of your notices to your designee. If you or your designee cannot be promptly located, we agree to deliver the notice to one of your employees at the Store, and, thereafter, to mail such
notice to you by prepaid postage return receipt requested. Any notice will be deemed to have been received (i) in the case of personal delivery, at the time of delivery, or (ii) in the case of an expedited delivery service, three (3) Business Days
after being deposited with the service, or (iii) in the case of registered or certified mail, three (3) Business Days after the date of mailing, or (iv) in the case of facsimile or electronic mail, upon transmission with proof of receipt, as long as
a confirmation copy of the notice is sent as described above. Copies of notices delivered to your designee or employee will be considered received twenty-four (24) hours after such delivery. Either of us may change our notification address by
notifying the other in writing. We may unilaterally amend this Section 31(d)(i) to provide that notices may be sent by electronic mail. If we permit delivery by electronic mail, the sender will be required to confirm the electronic mail by sending
an original confirmation copy of the notice by certified or registered mail or expedited delivery service within three (3) Business Days after transmission. Notices to you by electronic mail will be addressed to the Store address, the electronic
mail address for the Store computer or other electronic mail address to which you have access and that we have previously designated in a written notice to you, or to your address shown on the signature page to this Agreement. We will send an
electronic reminder to your Store computer to notify you of any electronic notice. Notices to us by electronic mail will be addressed to the address shown on the signature page to this Agreement or other address that we designate in writing.

  
 (ii) We reserve the right to establish electronic mailings
(i.e., email), web sites, or other forms of communications in which to communicate and distribute information to 7-Eleven franchisees. You agree that we may utilize such electronic communications to effectively provide binding notices to you. You
agree to provide notices to us as set forth above unless we expressly consent and provide for electronic notices from you. 
  
 (e) Severability. Except as expressly provided to the contrary herein, each provision of this Agreement and any portion thereof is
considered severable. If, for any reason, any provision of this Agreement contravenes any existing or future law or regulation, the provision will be considered modified to conform to the law or regulation as long as the resulting provision remains
consistent with the parties’ original intent. If it is impossible to so modify the provision, such provision will be deleted from this Agreement. If any provision of this Agreement (including all or any part of Paragraphs 15, 16 or 22) is
declared invalid by a court of competent jurisdiction for any reason, the parties will continue to be bound by the remainder of this Agreement, which will remain in full force and effect; provided, that if any provision of the Agreement, which we,
in our sole discretion, determine to be material, is declared invalid by a court of competent jurisdiction, we reserve the right to terminate this Agreement in 
  

 - 34 - 

 accordance with Paragraph 26(a)(8) and, in connection with such termination, offer you a different 7-Eleven franchise
agreement in accordance with Paragraph 10(c). 
  
 (f) Personal
Qualification. We are entering into this Agreement with the person(s) named as the “Franchisee(s)” on the signature page; in reliance upon his, her or their personal qualifications; and upon the representation and agreement that he,
she or they agree to be the Franchisee(s) of the Store, will actively and substantially participate in the operation of the Store and will have full managerial authority and responsibility for the operation of the Store. No changes in the ownership
and/or control of the franchise may be made without our advance written consent. Any person(s) subsequently added as a “Franchisee” in a writing signed by the parties must likewise actively and substantially participate in the operation of
the Store and have full managerial authority and responsibility for the operation of the Store. 
  
 (g) Complete Agreement. This Agreement and the Exhibits, Amendments, and Addenda to this Agreement, including any other agreements
specified in Exhibit D (all of which are hereby incorporated herein and made a part of this Agreement), contain the entire, full and complete agreement between us and you concerning the Store. This is a fully integrated agreement and it supercedes
all earlier or contemporaneous promises, representations, agreements and understandings. No agreement relating to the matters covered by this Agreement will be binding on us or you unless and until it has been made in writing and duly executed by
you and one of our authorized officers. Our agents or employees may not modify, add to, amend, rescind or waive this Agreement in any other manner, including by conduct manifesting agreement or by electronic signature, and you are hereby put on
notice that any person purporting to amend or modify this Agreement other than by a written document signed by one of our authorized officers, is not authorized to do so. You represent and warrant that you have supplied us with all information we
requested and that all such information is complete and accurate. You further represent and warrant that you have not relied on and neither we nor any of our agents or employees have made any representations relating to the Store except as expressly
contained in this Agreement, or (i) as to the future or past income, expenses, sales volume or potential profitability, earnings or income of the Store or any other location, except as provided in Item 19 of our Uniform Franchise Offering Circular,
or (ii) as to site specific information, except as provided in our “Here Are The Facts” supplemental disclosure. 
  
 (h) Consents. All consents required to be given by us pursuant to this Agreement must be given in writing, and such consents may be granted
or withheld in our sole discretion. 
  
 (i) Interpretation.
As used in this Agreement and all exhibits and attachments hereto, 
  
 (i) the words “you agree” or “we agree” or “you will” or “we will” mean an imperative duty and will be interpreted and construed to have the same meaning and effect as the words “you shall”
or “you must” or “we shall” or “we must”; and 
  
 (ii) the words “including”, “include” or “includes” will be interpreted and construed to have the same meaning and effect as the words “including, but not limited to” or
“including, without limitation”. 
  
 (j)
WAIVER OF DAMAGES. YOU HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO OR CLAIM FOR ANY PUNITIVE, EXEMPLARY, INCIDENTAL, INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES AGAINST US, OUR AFFILIATES, AND OUR RESPECTIVE OFFICERS,
DIRECTORS, SHAREHOLDERS, PARTNERS, AGENTS, REPRESENTATIVES, INDEPENDENT 
  

 - 35 - 

 CONTRACTORS, SERVANTS AND EMPLOYEES, IN THEIR CORPORATE AND INDIVIDUAL CAPACITIES, ARISING OUT OF ANY CAUSE WHATSOEVER
(WHETHER SUCH CAUSE BE BASED IN CONTRACT, NEGLIGENCE, STRICT LIABILITY, OTHER TORT OR OTHERWISE) AND AGREE THAT IN THE EVENT OF A DISPUTE, YOU WILL BE LIMITED TO THE RECOVERY OF ANY ACTUAL DAMAGES SUSTAINED BY YOU. IF ANY TERM OF THIS AGREEMENT IS
FOUND OR DETERMINED TO BE UNCONSCIONABLE OR UNENFORCEABLE FOR ANY REASON, THE FOREGOING PROVISIONS OF WAIVER BY AGREEMENT OF PUNITIVE, EXEMPLARY, INCIDENTAL, INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES SHALL CONTINUE IN FULL FORCE AND EFFECT.

  
 (k) Consultation with Advisors. You
acknowledge that you have received, read and understands this Agreement and the related exhibits and agreements, that we have afforded you sufficient time and opportunity to consult with lawyers and other business and financial advisors selected by
you about the potential benefits and risks of entering into this Agreement, and that you are entering into this Agreement of your own volition. 
  
 (l) Savings Clause. Any of your obligations that contemplate the performance of such obligation after the termination or
expiration of this Agreement or the transfer of any interest herein, including Paragraphs 5, 17, 18, 19, 28, 29, and 30, will be deemed to survive such termination, expiration or transfer and will remain binding until fully discharged to our sole
satisfaction. 
  
 You and we have executed this Agreement this
     day of                         , 20    . 
  
 7-ELEVEN, INC. 
  

			
	  

 Signature
	 	  

 Signature

		
	  

 Market
Manager
	 	  

 Vice
President/Assistant Secretary

	Full Name (Typed)	 	Full Name (Typed)
	
	 7-Eleven Office/Store No.

	  

 Address of Office
                                        
                                        
                                    Street

	  

             City
                                        
                                        State
                                        
                                        
        Zip

		
	Facsimile Number: _________________________________	 	 
		
	Electronic Mail: franchiseenotice@7-11.com	 	 

  

 - 36 - 

 FRANCHISEE(S) 
  

			
	  

 Signature
	 	  

 Signature

	  

 Full Name
(Typed)
	 	  

 Full
Name (Typed)

		
	Witness:                                     
                               	 	Witness:                                     
                               
	                Witness of Above Signature	 	                Witness of Above Signature
	_________________________________________________________________________________________________________________________
	Address of Franchisee’s Residence	 	Street
	_________________________________________________________________________________________________________________________
	City	 	State                                      
           Zip

  

 - 37 - 

 EXHIBIT A 
  

STORE 
  

 
 YOU ACCEPT THE STORE AS IS IN ITS CONDITION ON THE DATE OF
THIS EXHIBIT, EXCEPT AS SPECIFICALLY NOTED ON THIS EXHIBIT 
  
 This Exhibit is based on the information we have on the date of this Agreement. It is accurate to the best of our knowledge and belief. If you request, we agree to make a complete copy of any master lease or any documents recorded against
the Store available to you. If you have any questions about this Exhibit or you would like a more complete explanation of any item, please contact the Market Manager. 
  
 Store and Adjoining Property Lease Information: 
  
 7-ELEVEN Store
No.                                 
  
 Street                                     
                                
  

					
	_________________________________________________________________________________________________________________________
	City	 	State	 	Zip

  
 [    ] Plot Plan and Legal Description Attached 
  
 [    ] Owned by us 
  
 [    ] Leased by us 
  
 The present
term of the master lease expires on the      day of
                                ,
                .We have no obligation to renew or exercise any option to extend the master lease. If the master lease is not renewed, the Term of this Agreement
will expire 30 days before the expiration of the master lease. 
  
 Special
Charges: 
  
 Common Area (including landscaped areas): If we
lease the Store, the master lease or declarations or other documents recorded against the Store, may impose common area maintenance charges or other charges for which you will be responsible; provided that such charges must have been provided for by
the terms of the initial master lease or the terms of any options that existed at the time of the initial master lease. Please consult the master lease or recorded documents for a complete description of any such charges that will be assessed
against the Store. 
  
 Other (for example, maintenance, required
services, co-operative Advertising, rent taxes): 
  

 Exhibit A – Page 1 

 Special Operating Provisions: 
  
 We have disclosed information on this Exhibit to the best of our knowledge but the master lease, if any, or any declarations or other
documents of record against the Store, or any state or local ordinances, permits, etc., may result in charges or operating restrictions involving the Store that are not listed on this Exhibit. You should refer to any master lease for the Store,
documents recorded against the Store and local laws to determine the extent of any of these restrictions. 
  
 FRANCHISEE 
  

			
	By:	 	

	 Printed Name:
	 	  

	 Date:
	 	  

		
	 By:
	 	

	 Printed Name:
	 	  

	 Date:
	 	  

  
 7-ELEVEN, INC. 
  

			
	By:	 	

	 Name:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  

 Exhibit A – Page 2 

 EXHIBIT B 
  

7-ELEVEN EQUIPMENT 
  
 YOU ACCEPT THE EQUIPMENT AS IS IN ITS CONDITION ON THE DATE OF THIS 
 EXHIBIT, EXCEPT AS SPECIFICALLY NOTED ON THIS EXHIBIT. 
  
 This Exhibit is based on the information we have on the date of this Agreement. It is accurate to the best of our knowledge and belief. However, our master list of
7-Eleven Equipment that we maintain in our records controls. If you request, we agree to make a complete copy of any master lease covering the 7-Eleven Equipment available to you. If you have any questions about this Exhibit or you would like a more
complete explanation of any item, please contact the Market Manager. 
  
 Description of 7-Eleven Equipment: 
  
 7-ELEVEN Store No.                     
  

													
	7-ELEVEN	 	 	 	 	 	 	 	 	 	 	 	 
	Description	 	Make	 	Model	 	Serial No.	 	7-E ID	 	Owned	 	Leased
							
	7-ELEVEN	 	 	 	 	 	 	 	 	 	 	 	 
	Description	 	Make	 	Model	 	Serial No.	 	7-E ID	 	Owned	 	Leased

  
 The following
Gasoline and other specified equipment, and all replacements or additions thereto, are excluded from the Lease of 7-Eleven Equipment under this Agreement. 
  

													
	7-ELEVEN	 	 	 	 	 	 	 	 	 	 	 	 
	Description	 	Make	 	Model	 	Serial No.	 	7-E ID	 	Owned	 	Leased

  
 (Also) See attached
computer generated Equipment Listing dated                      consisting of
                     pages, which is made a part of this Agreement. 
  

			
	FRANCHISEE
		
	By:	 	  

	Printed Name:	 	  

	Date:	 	  

		
	By:	 	  

	Printed Name:	 	  

	Date:	 	  

	
	7-ELEVEN, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

  

 Exhibit B – Solo Page 

 EXHIBIT C 
  

7-ELEVEN CONTRACTUAL INDEMNIFICATION 
  
 THIS IS NOT AN INSURANCE BINDER, CERTIFICATE, OR POLICY. YOU ARE NOT OUR INSURED AND YOU DO NOT HAVE THE PROTECTIONS OR RIGHTS UNDER THIS INDEMNITY AGREEMENT NORMALLY
ASSOCIATED WITH AN INSURED VIS-À-VIS AN INSURER. THEREFORE, THIS EXHIBIT C IS A CONTRACTUAL INDEMNITY ONLY. IT IS YOUR RESPONSIBILITY TO DECIDE WHETHER YOUR INTERESTS ARE BEST SERVED THROUGH THIS INDEMNIFICATION OR BY INSURANCE IN ACCORDANCE
WITH PARAGRAPH 18 OF THE STORE FRANCHISE AGREEMENT. WE ENCOURAGE YOU TO CONSULT AN ATTORNEY, INSURANCE AGENT, BROKER OR OTHER INDUSTRY EXPERT TO ASSIST YOU IN MAKING THAT DETERMINATION. 
  
 7-ELEVEN Store
No.                                 
  
 Liability: 
  
 THE INDEMNIFICATION COVERAGE PROVIDED IN THIS SECTION OF EXHIBIT C DOES NOT NECESSARILY PROVIDE YOU – THE FRANCHISEE – WITH THE
SAME OR SIMILAR PROTECTION AS YOU WOULD RECEIVE THROUGH A STANDARD COMMERCIAL GENERAL LIABILITY INSURANCE POLICY. 
  
 Subject to the conditions, exclusions and limitations stated in this Franchise Agreement, we agree to provide you with contractual indemnification for losses, up to a
maximum of $500,000 per occurrence, which arise out of, or as a result of, bodily injury, personal injury or property damage incurred by any third party, excluding an employee or agent of yours acting within the course and scope of his or her
employment or agency, in connection with your lawful operation of the Store. 
  
 For purposes of this Exhibit C, the terms “occurrence,” “bodily injury,” “personal injury,” and “property damage” are defined as those terms are ordinarily used and defined in a standard Commercial
General Liability Policy. 
  
 The contractual indemnification provided to you
pursuant to this Exhibit C is that which would normally be provided under those portions of a standard Commercial General Liability Policy relating to coverages regarding bodily injury, property damage and personal injury liability, specially
endorsed to include coverage for liquor liability, but otherwise subject to the conditions, exclusions and limitations stated in a standard Commercial General Liability policy, and as otherwise limited or excluded by this Exhibit C. 
  
 Fire and Other Perils: 
  
 Subject to the conditions, exclusions and limitations stated in this Franchise Agreement, we agree to provide you with contractual
indemnification for up to full replacement cost of the Inventory and Store supplies for direct losses as a result of fire, lightning, windstorm, hail, explosion, riot, riot attending a strike, civil commotion, aircraft, vehicle, smoke, vandalism,
and malicious mischief. 
  

 Exhibit C – Page 1 

 Robbery: 
  
 Subject to the conditions, exclusions and limitations stated in this Franchise Agreement and where, in our reasonable opinion, all Receipts are properly accounted for
in accordance with this Franchise Agreement and appropriate security measures are taken, we agree to provide you with contractual indemnification as follows: 
  
 1. For a single loss of Receipts and Cash Register Fund as the result of a Robbery, an amount equal to $50 for each cash register in
operation at the time of the Robbery, and one-half of the full replacement cost for a single loss of Inventory and Store supplies with a maximum aggregate limit for any single loss of $500. 
  
 2. For a single loss of Receipts as a result of a Robbery, up to the full replacement amount
of the Current Deposit, less $100; provided that the Receipts were being properly prepared for deposit or were being transported to the Bank or were in transit between two or more 7-Eleven Stores franchised by you while en route to the Bank.

  
 3. For a single loss of Receipts as a result of a Safe Robbery, up to the full
replacement amount equal to the sum of the Current Deposit, and the Receipts from the current Collection Period, less $100. 
  
 4. For a single loss of the Cash Register Fund, up to the lesser of $2,500 (or $5,000 with prior Division Manager Approval), or the amount shown in the appropriate
account on the Financial Summaries: (1) as a result of a Safe Robbery, or (2) while the Cash Register Fund is being prepared for deposit or transported to or from the Bank, or (3) while the Cash Register Fund is being transported between two or more
7-Eleven Stores franchised by you while en route to or from the Bank, and if the amount taken to the Bank is noted in the Cash Report and a receipt is obtained from the Bank showing the correct amount of money obtained. 
  
 Burglary: 
  
 Subject to the conditions, exclusions and limitations stated in this Franchise Agreement and where, in our reasonable opinion, all
Receipts are properly accounted for in accordance with this Franchise Agreement and appropriate security measures are taken, we agree to provide you with contractual indemnification as follows: 
  
 1. For a single loss of Inventory (other than tobacco products) as a result of a Burglary,
up to the full replacement cost, less $100. 
  
 2. For a single loss of tobacco
products in the Inventory as a result of a Burglary, up to the lesser of (1) the actual cost of tobacco products taken, or (2) the equivalent of the total reasonable purchases, at cost, of tobacco products for the Store for the prior 12 weeks,
divided by 6 (with a limit of an amount equal to twice the average weekly purchases, at cost minus $100, until the Store has been open 12 weeks), less $100. 
  
 3. For a single loss of Receipts as a result of a Safe Burglary, up to an amount equal to the sum of the Receipts from the immediately previous Collection Period plus the
Cash Register Fund, less $100. 
  
 The maximum aggregate exclusion for a single
loss as the result of a Burglary and/or Safe Burglary will be $100. 
  

 Exhibit C – Page 2 

 Conditions, Exclusions and Limitations: 
  
 You will not be indemnified under this Franchise Agreement under the following instances and/or circumstances:

  
 1. If you do not fully, completely, and in good faith participate and
cooperate with us, our insurance company or any representative or law firm we designate in any investigation or defense of any claim or lawsuit submitted or filed against you or 7-Eleven, Inc. or if it is determined after investigation that the loss
was not as reported by you. 
  
 2. If you do not use your best efforts to promptly
mitigate each loss for which you otherwise may be entitled to be indemnified under this Agreement. 
  
 3. If you or your employees had, or should have had, knowledge of the incident from which the loss arose, and you or your employees did not properly and promptly report the incident to us in the manner we specify in
the On-Line Systems Guide or other approved reporting procedures. 
  
 4. For any
loss associated with a Robbery or Burglary if (1) at the time of the Robbery or Burglary, you were not using the cash control equipment that we install at the Store and (2) you do not, within twenty-four hours of the loss, file a report with the
appropriate law agency and furnish one of our representatives with (i) a notice and proof of loss report (acceptable to us), (ii) a copy of the report filed with the law agency, and (iii) any report required to be filed with the insurance company.

  
 5. For any loss of any Inventory and/or Store supplies, if such Inventory or
Store supplies were located outside of the Store building at the time of the loss. 
  
 6. If you were in breach of the Franchise Agreement at the time the loss occurs and the breach causes, creates, or contributes to the occurrence of the loss. 
  
 7. If the loss is caused by, results from, or occurs in connection with, an intentional act committed by you or by your agent or employee.
For purposes of this Agreement, a loss will be deemed to have been caused by an intentional act if at the time the act was committed, you or your employee or agent knew that the loss would result from the act or if the loss was a reasonably
foreseeable consequence of the act. This exclusion will not apply when the intentional act was determined to have been justified as self-defense or defense of another person by a court of competent jurisdiction. 
  
 8. If the person asserting the claim against you was or is an employee or agent and if the
injury or damage was incurred, in whole or in part, in connection with, or within the course an scope of, the employment or agency. 
  
 9. For any claim brought against you for any bodily injury or personal injury caused by or arising out of any Fresh Food product (as defined in Exhibit E) if you sold
such product after our written notification to you that either: (1) the vendor providing the product has refused or failed to submit the product to Level I microbiological testing, or (2) the vendor’s product has failed Level I microbiological
testing. Once you receive written notification from us that the vendor’s product has been submitted or resubmitted for testing and that the product has passed Level I microbiological testing, we agree to thereafter indemnify you pursuant to
this Agreement for your subsequent sales of the product. 
  
 10. For any Cash
Register Fund loss if you have refused to allow us to audit that fund at any time within the twelve-month period before the loss. 
  

 Exhibit C – Page 3 

 Losses and Expenses Not Addressed by this Agreement: 
  
 The following losses and expenses are not intended to be addressed in
this Agreement and therefore you are not indemnified by this Agreement: 
  
 1. For any indemnity you voluntarily, contractually or statutorily extend to your employees or agents. 
  
 2. For any losses, liabilities or obligations which you statutorily, contractually or by any other means assume. 
  
 3. For any loss that is your responsibility under the Franchise Agreement. 
  
 4. For any punitive or exemplary damages, penalties or fines assessed against you.

  
 In addition, your employees and agents will not be indemnified
by us and are not parties to this Agreement or third party beneficiaries of this Agreement and therefore have no indemnification rights under this Agreement. 
  
 FRANCHISEE 
  

			
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

	
	7-ELEVEN, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  

 Exhibit C – Page 4 

 EXHIBIT D 
  

SELECTED PROVISIONS 
  
 [All Blanks Must be Completed and Franchise Agreement Must be Delivered at Least 5 Business Days Prior to Execution of Franchise Agreement.] 
  
 (a) The Store must be a 24-Hour Operation, unless prohibited by law or we agree in writing to
different operating hours. If the Store is prohibited by law from doing business as a 24-Hour Operation, the Store must operate the maximum number of hours permitted by law. Laws regulating the maximum number of hours may change from time to time,
and this may change the number of hours you will operate the Store. 
  
 (b) The
Franchise Fee was $                    . The Down Payment was
$                    . The Down Payment included a
$                     contribution toward the estimated Cost Value of the initial Inventory, a
$                     payment toward the estimated initial governmental fees for necessary licenses, permits, and bonds (an Operating
Expense), and a $                     payment for the initial Cash Register Fund. 
  
 (c) The initial annual interest rate we charge you on the unpaid balance in the Open Account
will be                     %. The annual interest rate we charge you on the unpaid balance in the Open Account will be adjusted, effective
each March 1, and will continue in effect through the last day of February of the following year. The initial and ongoing annual interest rate will be 2% over the prime rate charged by Bank of America (or any successor) as of the first working day
of each calendar year during which the adjustment becomes effective. 
  
 (d) We
agree to pay you interest on any credit balance in the Open Account pursuant to Paragraph 13 at the prime rate charged by Bank of America (or any successor), as of the first working day of each calendar year, minus 2%. The annual interest rate will
be adjusted, effective each March 1, and will continue in effect through the last day of February of the following year. If the interest charged under the Franchise Agreement or this Exhibit D is greater than the maximum interest permitted by
applicable law, the excess amount charged will be considered automatically credited to the principal balance of the loan, since we intend to avoid charging any interest that would violate any applicable law. 
  
 (e) You agree to attend both Store and classroom training. If you are only one individual,
you agree to attend the training. If you are a corporation, you designate and we approve
                                        
                     to receive training. Each participant must successfully complete each phase of training in order to continue the training
process. 
  
 (f) The percentage used to adjust retail to cost for determining Cost
Value and Inventory Variation will be computed by dividing the previous 12 months’ Purchases at cost (including delivery charges, cost equalization, and adjustment for discounts and allowances received) by the previous 12 months’ Purchases
at retail. Special Items Purchases, consigned merchandise, write-offs, and product markdowns will be excluded from Purchases at cost as well as Purchases at retail. For Stores not previously operated as 7-Eleven Stores, until the Store has been in
operation for 3 months, the average percentage based on the previous 12 months for all 7-Eleven Stores in the 7-Eleven market where the Store is located will be used. After the Store has been in operation for three months, the percentage will be
computed for the Store based on the previous 12 months’ operation of the Store (or, if the Store has not been in operations for 12 months, for the number of months the Store has been in operation). 
  
 (g) Checks from us to you will be payable to
                                        
                                        
    . 
  

 Exhibit D – Page 1 

 (h) The Weekly Draw we agree to remit to you on a weekly basis will be
$            , unless you and we change the Weekly Draw by mutual written agreement. 
  
 (i) 7-Eleven Charge: 
  
 (1) For a 24-Hour Operation: 
  
 The 7-Eleven Charge for the Store is 50% of the Gross Profit (except as otherwise provided in Paragraphs 10(b) and/or (c) of the Franchise Agreement).

  
 (2) For permitted reduction in hours of operation: 

 
 If you have our permission to operate the Store as less than a 24-Hour
Operation, the 7-Eleven Charge for the Store will be 50% of the Gross Profit plus 0.1% of the Gross Profit for each hour during a normal week of operation that the Store is closed. 
  
 (3) For non-permitted reduction in hours of operation: 
  
 If you operate the Store less than the required number of hours at any time without our permission, the 7-Eleven Charge for
that Accounting Period will be the 7-Eleven Charge as determined by (i)(1) or (2) above, as applicable, plus 4% of the Gross Profit if you operate at least 136 hours per week or 6% of the Gross Profit if you operate less than 136 hours per week.
This increase in the 7-Eleven Charge is not our only remedy, and is in addition to other remedies available to us. 
  
 (j) Other special provisions (specify): 
  

	
	 ________________________________________________________________________________________________________________________________________________________________________
 
	 ________________________________________________________________________________________________________________________________________________________________________
 
	 ________________________________________________________________________________________________________________________________________________________________________
 
	 ________________________________________________________________________________________________________________________________________________________________________
 
	 ________________________________________________________________________________________________________________________________________________________________________
 

  

			
	FRANCHISEE
		
	By:	 	  

	Printed Name:	 	  

	Date:	 	  

		
	By:	 	  

	Printed Name:	 	  

	Date:	 	  

  

 Exhibit D – Page 2 

			
	7-ELEVEN, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

  

 Exhibit D – Page 3 

 EXHIBIT E 
  

DEFINITIONS 
  
 “Accounting Period” means a calendar month during your operation of the Store, except that if the Effective Date, expiration, termination or surrender of the
Store and 7-Eleven Equipment occurs during any calendar month, the portion of that month which follows the Effective Date or precedes the other events will be an Accounting Period. We have the right to change the Accounting Period at any time upon
written notice to you. 
  
 “Advertising Fee” means an amount equal to
the percentage of Gross Profit specified in Paragraph 22. 
  
 “Advertising
Materials and Programs” means all materials, programs and promotions advertising or promoting the 7-Eleven System, 7-Eleven Stores and/or the products or services provided by 7-Eleven Stores, including the following: in-Store and out-of-Store
advertising and promotional materials and displays; point-of-sale display materials; window, counter and other promotional signage; billboards; direct mail, newspaper and print advertising; other advertising and promotional materials; Internet
website(s); television and radio media; Store grand opening/re-opening events and promotions; and national, regional, local, and Store-specific advertising and promotional campaigns and events, including with respect to each of the foregoing,
creation, development, maintenance, administration, space and time charges, agency planning, selection, and placement. 
  
 “Affiliate” means, with respect to any person or entity, any other person or entity controlling, controlled by, or under common control with such person or
entity. 
  
 “Agreement” or “Franchise Agreement” means this
agreement between you and us for the operation of the Store under the 7-Eleven System and Service Mark. 
  
 “Anti-Terrorism Laws” means Executive Order 13224 issued by the President of the United States, the USA PATRIOT Act, and all other present and future federal, state and local laws, ordinances, regulations,
policies, lists and any other requirements of any governmental authority addressing or in any way relating to terrorist acts and acts of war. 
  
 “Audit” means a physical count of the Inventory (priced at retail value determined as provided in this Agreement), Receipts, Cash Register Fund, cash, bank
drafts, and supplies of items for which you earn a commission (e.g., lottery tickets and money order blanks), pursuant to our normal procedures. 
  
 “Bank” means the bank or similar institution that we designate for the Store and, specifically, the account established for the Store. 
  
 “Base Period Gross Profit” means the Gross Profit of the Store for the immediately
preceding twelve (12) month period, regardless of who operated the Store during such twelve (12) month period. 
  
 “Bona Fide Suppliers” means persons or entities regularly conducting the business of supplying or distributing merchandise, supplies or services to retail businesses and performing all of the functions
normally associated with such activities; provided that, unless you obtain our prior written consent, neither you, your Affiliate, nor any other 7-Eleven franchisee may be a Bona Fide Supplier. 
  
 “Bookkeeping Records” means the Financial Summaries and other records and reports
that we prepare or that we require you to prepare relating to the operation of the Store. We may, at our option, change the format, manner or timing of the records we prepare and the procedures for collecting or compiling data 
  

 Exhibit E – Page 1 

 for the reports. The Bookkeeping Records will be based upon information you supply to us, information obtained by us from
Audits, Store inspections and vendors, and, where necessary or appropriate, information based upon estimates or factors concerning Store transactions. We prepare the Bookkeeping Records in accordance with the terms of this Agreement, and such terms
will control over any external accounting rules. We currently maintain the inventory records and reports derived from these records by using the Retail Method (see definition of “Retail Book Inventory”), and adjust the retail value to cost
as described in Exhibit D. However, we reserve the right to change our method of Inventory valuation from the Retail Method to the Cost Method either for the entire Store or for one (1) or more product categories. If we exercise this right, you
agree to enter an amendment to this Agreement which contemplates reasonable conforming changes to this Agreement to address conversion from the Retail Method to the Cost Method. Such conforming amendment will be designed to have no material effect
on you or us. 
  
 “Burglary” means the stealing of Inventory from within
the Store during a period of time when the Store is closed as permitted by this Agreement, all doors are properly closed and locked, and entry is by actual force evidenced by visible marks made by tools, explosives, electricity, or chemicals.

  
 “Business Day” means any day other than Saturday, Sunday or the
following national holidays: New Year’s Day, Martin Luther King Day, Presidents’ Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving and Christmas. 
  
 “Cash Register Fund” means the amount agreed to in writing by you and us for change
in the Store. 
  
 “Cash Report” means the electronic form or other
method of reporting your Receipts and/or Net Sales and/or any other information that we require from time to time. You agree to complete a Cash Report for each Collection Period. Each Cash Report must indicate the time and date at which the
Collection Period ended. 
  
 “Cash Variation” means the unaccounted for
difference between Receipts required to be deposited or delivered to us and the actual Receipts deposited or delivered to us as reflected in the Cash Report. 
  
 “Category” means a distinct, measurable and manageable group of products and/or services sold from a 7-Eleven Store as specified
by us. 
  
 “Collateral” has the meaning given such term in the
Security Agreement. 
  
 “Collection Period” means each time period for
which you report Receipts. Your first Collection Period will start when you begin operating the Store, and may end, at your discretion, at any time within your first 24 hours of operation. Each subsequent Collection Period will begin as soon as the
immediately preceding Collection Period ends and must be 24 hours in length (unless we agree otherwise). 
  
 “Competitive Business” means any business that is the same as or similar to a 7-Eleven Store (except 7-Eleven Stores operated under valid agreements with us), including a convenience store or other store not
designated as a convenience store in which the product mix is fifty percent (50%) or more of goods or services substantially similar to those then-currently offered by a 7-Eleven Store. 
  
 “Confidential Information” means knowledge, know-how (for example, methods and
processes) and other information concerning the operation or another aspect of a 7-Eleven Store which may be communicated to you or of which you may be apprised in connection with the operation of the Store under the terms of this Agreement,
including all information contained in the On-Line Systems Support Guide; all information, knowledge, know-how, techniques and materials used in or related to the 7-Eleven System 
  

 Exhibit E – Page 2 

 which we provide to you in connection with this Agreement; and information or data compiled by or stored in the 7-Eleven
Store Information System. 
  
 “Cost of Goods Sold” means the Cost Value
of Inventory at the beginning of the Accounting Period plus the cost of Purchases during the Accounting Period (including delivery charges and cost equalization), and minus the Cost Value of the Inventory at the end of the Accounting Period. We will
make adjustment so that any bad merchandise (caused by you or your employees) and Inventory Variation will not be included in Cost of Goods Sold. We will credit to Cost of Goods Sold all discounts and allowances (including promotional and display
allowances) paid to us and allocated or reasonably traceable to Purchases, except for: 
  

	 	(a)	Wholesale Vendor discounts and allowances (that is, discounts and allowances customarily offered by vendors to wholesalers; provided, however, that in the event we become a
wholesaler to you, for any products or services that we sell to you for which we receive wholesaler discounts or allowances, the wholesale prices to you will be competitive with the other wholesalers of those products on a Market Basket Basis); and

  

	 	(b)	reimbursements to us for our expenditures under vendors’ co-operative advertising or other similar programs where the vendor partially or wholly reimburses us (or where costs
are shared) for advertising expenditure programs, so long as we actually spend the money in accordance with the vendor’s criteria for advertising the vendor’s product. 

  
 We will credit discounts and allowances, not allocated or reasonably traceable to individual
store Purchases, to Cost of Goods Sold on the basis of Store sales or Purchases compared with sales or purchases of all affected stores. We will credit discounts, allowances and the value of premiums you receive to Cost of Goods Sold. We will not be
obligated to credit any uncollected discounts or allowances to Cost of Goods Sold. We are not required to credit System Transaction Amounts to Cost of Goods Sold. We are not required to credit vendor-supplied equipment or equipment reimbursements to
Cost of Goods sold if: 
  

	 	(a)	the equipment is part of a vendor’s standard provision of services to its customers in general (for example, where a vendor generally offers merchandise racks to its
customers); 

  

	 	(b)	a vendor provides equipment as an integral part of a service for which you receive a commission, rental fee or royalty (for example, ATM’s, copier machines, telephones, etc.);
or, 

  

	 	(c)	we made a commercially reasonable effort to negotiate with the vendor to obtain a lower product cost instead of the equipment. 

  
 We are also not required to credit monies paid to us by vendors to purchase equipment to Cost
of Goods Sold if the monies are actually used by us to purchase equipment as designated by the vendor. 
  
 “Cost Method” means a method of inventory valuation whereby (a) a perpetual unit inventory is maintained (as confirmed by a periodic physical count of the inventory) and (b) inventory at cost is computed as
the unit inventory times net unit cost. 
  
 “Cost Value” means the cost
value of the Inventory at any time, determined by: (a) deducting from the Retail Book Inventory the included retail value of all consigned merchandise, and designated Special Items; (b) adjusting from retail value to cost as specified in Exhibit D;
and (c) adding the cost value of the designated Special Items. 
  

 Exhibit E – Page 3 

 “Current Deposit” means all Receipts obtained during the immediately preceding Collection Period and accounted
for by the proper completion of the most recent 7-Eleven Cash Report relating to those Receipts. 
  
 “Down Payment” means the initial amount you actually pay us related to the operation of the Store as stated in Exhibit D. The Down Payment is separate and apart from the Franchise Fee. 
  
 “Effective Date” means the date you first begin operating the Store for business
under this Agreement. 
  
 “Electronic Invoice” means an electronic
invoice or other electronic or online billing systems invoice. 
  
 “Excess
Investment Draw” means an amount paid to you which equals the amount by which your Net Worth exceeds your total assets (as reflected on the balance sheet that we prepare for the Store for each Accounting Period from the Bookkeeping Records).

  
 “Expiration Date” means the earlier of the date which is fifteen
(15) years from the Effective Date or the expiration of the current term of the lease or the master lease on the real estate. 
  
 “Final Inventory” means the Inventory of the Store that you agree to transfer to us or a third-party that we designate upon the expiration or termination of
this Agreement in accordance with Paragraph 28(a)(2) of this Agreement, excluding any portion of the Inventory which, in our sole and reasonable opinion, is of a type, quantity, quality, or variety that is not consistent with the 7-Eleven Image or
standards. 
  
 “Financial Summaries” means summaries of financial
information for the Store that we prepare from the Bookkeeping Records in the form of income statements, balance sheets, reports reflecting credits and debits to your Open Account, inventory records and other records and reports relating to Store
income, expenses, profits and losses, assets and liabilities. The Financial Summaries are prepared in the manner we deem appropriate and are prepared for each Accounting Period. 
  
 “Foodservice” means our system for retailing a menu of prepared food products and related items, with such changes approved and
adopted by us from time to time. 
  
 “Foodservice Facility” means the
area or areas of the Store and related 7-Eleven Equipment from time to time used for the Foodservice operation. 
  
 “Foodservice Operations Manual” means a compilation of the 7-Eleven Foodservice Standards, whether in electronic or written form. 
  
 “Franchise Fee” means the initial amount that you agree to pay to us, as set forth
in Exhibit D, in consideration for the grant of the 7-Eleven Store franchise. 
  
 “Franchisee” means the person(s) named as the Franchisee on the signature page and signing this Agreement as the Franchisee (or subsequently added as a “Franchisee” in a writing signed by each of the parties). If there
is more than one Franchisee, they will be jointly and severally liable for the obligations of the “Franchisee” under this Agreement. 
  
 “Fresh Food” means perishable food products offered in 7-Eleven Stores, including sandwiches, roller grill items, baked goods, salads, foods served or taken
hot, dairy (including milk, flavored milk, and yogurt), bread, and any other similar perishable food product as reasonably determined by us; provided, however, that any “Fresh Food” cannot have a shelf life of more than two (2) weeks,
unless through technology or other means the freshness of the product can be extended past two (2) weeks. 
  
 “Gross Profit” means Net Sales less Cost of Goods Sold. 
  

 Exhibit E – Page 4 

 “HVAC Equipment” means the heating, ventilation and air conditioning unit and related equipment, duct work,
filters and refrigerant gas for the air conditioning unit, but does not include water heaters, equipment and refrigerant gases for refrigerated vaults and cases, and other equipment used in connection with the sale of Inventory from the Store.

  
 “Interim Financial Summaries” means Financial Summaries that we
prepare during, but not at the end of, any Accounting Period. All components of Interim Financial Summaries will be prorated based on the number of days during the Accounting Period for which such Interim Financial Summaries are prepared.

  
 “Internet” means a global computer-based communications network.

  
 “Inventory” means all merchandise for sale from the Store, including
deposit bottles, Special Items, and consigned merchandise (other than consigned gasoline). 
  
 “Inventory Overage” means the amount by which the retail value of the Inventory as reflected by an Audit is greater than Retail Book Inventory. 
  
 “Inventory Shortage” means the amount by which the retail value of the Inventory as reflected by an Audit is less than the Retail
Book Inventory. 
  
 “Inventory Variation” means any Inventory Overage or
Inventory Shortage, adjusted from retail value to cost as specified in Exhibit D. Inventory Variation is debited or credited, as applicable, to Operating Expenses. 
  
 “Lease” means our lease to you of the Store and adjoining property as described in Exhibit A, and, separately, the 7-Eleven
Equipment. Except as otherwise provided in this Agreement, if an allocation of the 7-Eleven Charge to the lease of 7-Eleven Equipment is required by law or ordinance, or for taxation purposes, the amount of the 7-Eleven Charge allocable to the lease
of the 7-Eleven Equipment will be equal to the monthly straight line depreciation of the 7-Eleven Equipment, unless provided otherwise elsewhere in this Agreement. 
  
 “Leasehold Rights” means our rights to possession of the Store under any pre-existing or subsequent lease of the Store, whether
pursuant to the current term of a lease, an option we exercise, or our re-negotiation of the lease. We have no obligation to exercise any options or other contractual rights, or otherwise enter into any agreement for the purpose of retaining
Leasehold Rights. 
  
 “Maintenance Contracts” means contracts that you
are required to obtain with reputable firms for maintenance and repair of the Store and 7-Eleven Equipment and, if we consider it appropriate or necessary, for the landscaped areas outside the Store as provided in Paragraph 20(b). 
  
 “Market Basket Basis” means a vendor’s standard product mix that meets our
Stores’ purchase needs (excluding Proprietary Products), and is sold under terms that include a balanced comparison of payment terms and methods, in-store services, product mix, service area, frequency of delivery and delivery windows.

  
 “Material Breach” means those breaches of this Agreement
specifically set forth in Paragraph 26 or a breach of any amendment to this Agreement. 
  
 “Minimum Net Worth” means the minimum amount of Net Worth that you agree to maintain in accordance with Paragraph 13(d). 
  

 Exhibit E – Page 5 

 “Monthly Draw” means an amount equal to 70% of the total increase in Net Worth over the three (3) Accounting
Periods immediately before the date upon which Monthly Draw is calculated, divided by three, minus any amounts reflected on your most recent Bookkeeping Records as distributions to you of additional draw, unauthorized draw or Excess Investment Draw;
provided however, you will not be entitled to a Monthly Draw if it will result in reducing in your Net Worth to any amount below the Minimum Net Worth required pursuant to Paragraph 13(d) of this Agreement. 
  
 “Net Sales” means the total value charged to customers and received by the Store
for the sale of Inventory and all other products and services sold, except (a) sales tax and (b) the value of those products and services for which you earn a commission or fee, provided that Net Sales will include the value of such commissions or
fees but will not include the value of commissions that you receive for the sale of gasoline. 
  
 “Net Worth” means the difference between the Store’s total assets and the Store’s total liabilities, all of which are as reflected on the balance sheet that we prepare for the Store each Accounting
Period as derived from the Bookkeeping Records. 
  
 “On-Line Systems Support
Guide” means our on-line confidential support guide containing training and informational material related to the operation of a 7-Eleven Store, including any additions to, deletions from or revisions of the On-Line Systems Support Guide.

  
 “Open Account” means an account that we agree to establish and
maintain for you as part of the Bookkeeping Records. References to debits (charges) to the Open Account in this Agreement mean increases in the amounts you owe us (for example, when we pay a vendor’s invoice on your behalf the Open Account is
debited or charged) and credits to the Open Account mean decreases in the amounts you owe us (for example, when Receipts are deposited in the Bank, such amount is credited to the Open Account). 
  
 “Operating Expenses” means the expenses (or credits) you incur in operating the
Store for: (a) payroll; (b) payroll taxes (including unemployment, worker’s compensation, payroll insurance, and social security contributions); (c) Inventory Variation; (d) Cash Variation; (e) maintenance, repairs, replacements, laundry
expense, and janitorial services; (f) telephone; (g) Store supplies, including grocery bags and other Store-use items; (h) governmental fees and others fees or costs for licenses, permits, and bonds; (i) interest; (j) returned checks; (k) inventory
and business taxes; (l) bad merchandise caused by you or your employees; (m) Advertising Fees and other advertising; and (n) other miscellaneous expenditures which we (in our reasonable judgment and regardless of the classification by you or the
Internal Revenue Service) determine to be Operating Expenses. 
  
 “Proprietary Products” means products or services we develop or designate which are: (i) unique to us because of their (a) ingredients, (b) formulas, (c) manufacturing or distribution processes, or the manner in which they are
presented or marketed to consumers; and (ii) which we support and control through (a) trademarks and/or packaging that bears one or more trademarks, any of which are owned by or licensed to us, (b) copyrights, (c) quality control, and/or (d)
advertising.. The currently required Proprietary Products are listed on Exhibit G to this Agreement. 
  
 “Purchases” means all your purchases of Inventory for sale from the Store. 
  
 “Reasonable and Representative Quantity” means the minimum number of units for each SKU that you are required to carry as specified by us from time to time.
After the initial order of any particular product, such quantity may be adjusted upon the mutual agreement by you and our local representative based on 
  

 Exhibit E – Page 6 

 information from sales of the initial Inventory of such product using the 7-Eleven Store Information System. 

 
 “Receipts” means all sales proceeds (whether cash, check, credit instrument, or
other evidence of receipt), commission revenues on items for which you earn a commission (e.g., lottery tickets and money order blanks), discounts or allowances you receive, and miscellaneous income (including rentals, royalties, fees, commissions
and amounts you receive from on-site currency operated machines) and the value of premiums received from your operation of the Store. (Receipts from on-site currency operated machines are considered received at the time the proceeds are collected
from the machine). 
  
 “Recommended Vendor(s)” are those Bona Fide
Suppliers described in Paragraph 15(h) and which are listed on the 7-Eleven Intranet. The list of Recommended Vendors may be changed from time to time. 
  
 “Recommended Vendor Purchase Requirement” means you agree to purchase at least eighty-five percent (85%) of your total Purchases and, separately, eighty-five
percent (85%) of your cigarette purchases, both computed monthly at cost, from Recommended Vendors. No purchase will be credited towards your Recommended Vendor Purchase Requirement unless the purchase is from a Recommended Vendor we have approved
and your purchase was made from such Recommended Vendor in its capacity as a Recommended Vendor which includes compliance with our requirements for Recommended Vendors, including the recommended method of distribution. The cost value used to
calculate the percent of Purchases and cigarette purchases from Recommended Vendors will only include cost as reflected on vendor invoices. Cost for purposes of calculating this requirement will exclude allowances, rebates and discounts not
reflected on vendor invoices. In order to count towards your Recommended Vendor Purchase Requirement, the products must be ordered and paid for through our recommended method for ordering and paying for that vendor. Notwithstanding the above, your
Purchases of products from non-Recommended Vendors will be deemed to be purchases from Recommended Vendors if you provide us with written substantiation that: (i) you ordered a product carried by a Recommended Vendor and were advised in writing by
that Recommended Vendor that such product was out of stock; or (ii) you purchased products or services from a non-Recommended Vendor that were also available from a Recommended Vendor, and the non-Recommended Vendor provided written evidence of a
bona fide offer to sell on a Market Basket Basis to all 7-Eleven stores in the geographic area serviced by the Recommended Vendor all products or services that are available from the Recommended Vendor, on a Market Basket Basis, at a lower cost than
the Recommended Vendor. For example, if a Recommended Vendor has made a bona fide offer to sell a group of products or services to all 7-Eleven stores in the Recommended Vendor’s service area at specific prices, the non-Recommended Vendor must
make a similar bona fide offer to sell all products that are available from the Recommended Vendor, on a Market Basket Basis to all 7-Eleven stores in the same geographic area, at a lower cost than the Recommended Vendor. 
  
 “Related Trademarks” means the trademarks, service marks, trade names, trade dress
and other trade indicia, except for the Service Mark, which we may authorize you to use from time to time as part of the 7-Eleven System. “Related Trademarks” also includes all other combinations of the word or numeral “7” and
the word or numeral “Eleven,” in any language, other than those comprising the Service Mark. For example only, Related Trademarks include the trademarks BIG GULP and BIG BITE, as well as the distinctive trade dress of 7-Eleven Stores.

  
 “Retail Book Inventory” means the book Inventory maintained as part
of the Bookkeeping Records which reflects the retail value of the Inventory. We will initially determine the Retail Book Inventory by an Audit of the initial Inventory. After that, we will adjust the Retail Book Inventory by: (a) adding the retail
value (based on your then-current retail selling prices) of subsequent Purchases (other than gasoline); (b) subtracting Net Sales of items reflected in the Retail Book Inventory; (c) adding or subtracting the retail value of all retail selling price
increases or decreases of items reflected in the Retail 
  

 Exhibit E – Page 7 

 Book Inventory, as reported by you to us, or determined from surveys of the Inventory by us; (d) subtracting the included
retail value of any merchandise used as Store supplies and out-of-date date-coded merchandise or merchandise which is damaged or deteriorated as reported by you to us and verified by us; and (e) subtracting any Inventory Shortage or adding any
Inventory Overage. We will determine the Retail Book Inventory at expiration or termination of this Agreement by an Audit we conduct. We will appropriately adjust the Retail Book Inventory to reflect the results of each binding Audit. For the
initial Audit and the Audit on expiration or termination, we will determine the retail value of the Inventory at our then-current suggested retail selling prices. For any other Audit, we will determine the retail value of the Inventory at your
then-current retail selling prices. 
  
 “Retail Method” means a method
of inventory valuation whereby inventory transactions and the perpetual inventory records are maintained using retail values and the total retail value of inventory is converted to cost using a cost complement percentage. For purposes of this
Agreement, the percentage to convert retail value to cost value is as set forth in Exhibit D. 
  
 “Robbery” means the theft of Receipts and/or Cash Register Fund (other than a Safe Robbery), Inventory, or Store supplies from you, your agents or employees by acts or threat of violence in the Store; while
Receipts and/or Cash Register Fund are being transported directly from the Store to the Bank; between two (2) or more 7-Eleven Stores franchised by you while in route to the Bank and in the presence of you, your agents or employees, if not committed
by you or your agents or employees. 
  
 “Safe Burglary” means the theft
of Receipts or Cash Register Fund from a vault, safe, or security drop box in the Store and approved by us during a period of time when the Store is closed as permitted by this Agreement and when all doors of the Store and of the vault, safe, or
security drop box are closed and locked and entry is by actual force evidenced by visible marks made by tools, explosives, electricity, or chemicals if not committed by you or your agents or employees. 
  
 “Safe Robbery” means the theft of Receipts from a vault, safe, security drop box,
or vending tubes in a safe in the Store and approved by us by acts or threat of violence committed in you presence or the presence of your agents or employees, if not committed by you or your agents or employees. 
  
 “Security Agreement” means a security agreement substantially in the form attached
to this Agreement as Exhibit I. 
  
 “Service Mark” means the service
mark logo and design registered in the United States Patent and Trademark Office (as Registration No. 920,897) and the 7-Eleven service mark registered in the United States Patent and Trademark Office (as Registration No. 798,036). 
  
 “7-ELEVEN,” “7-Eleven,” “we”, “us”, and
“our” means 7-Eleven, Inc., a Texas corporation. 
  
 “7-Eleven
Charge” means an amount equal to the percentage of Gross Profit specified in Exhibit D. 
  
 “7-Eleven Equipment” means all pieces of equipment and related items, whether mechanical, electronic or otherwise, leased or otherwise provided by us to you, including the 7-Eleven Store Information System
and any other equipment provided by third parties. 
  
 “7-Eleven Foodservice
Standards” means mandatory and suggested quality, foodservice and other reasonable operating standards as may from time to time be established by us and set out in the Foodservice Operations Manual. 
  

 Exhibit E – Page 8 

 “7-Eleven Image” means the acceptance, reputation and goodwill achieved by us and our franchisees in the U.S.
and elsewhere that is represented by the Service Mark, and the Related Trademarks for 7-Eleven Stores operated pursuant to the 7-Eleven System and the products and services offered in them. 
  
 “7-Eleven Intranet” is our restricted global computer-based communications network.

  
 “7-Eleven Payroll System” means our system for recording, preparing
and distributing payroll to you and/or your employees. 
  
 “7-Eleven Store
Information System” means the proprietary electronic store operations system that provides for scanning, ordering and completing other 7-Eleven Store operations related tasks. The 7-Eleven Store Information System includes POS scanners,
computers and any other hardware we use and all software associated with it, including any replacement or modified computer or other electronic system used in connection with 7-Eleven Store operations. 
  
 “7-Eleven System” means the system for the fixturization, equipping (including the
development and use of computer information systems hardware and software), layout, merchandising, promotion (sometimes through products or services consisting of, including or identified by trademarks, service marks, trade names, trade dress
symbols, other trade indicia, copyrightable works, including advertising owned or licensed by us), and operation of extended-hour retail stores operated by us or our franchisees in the U.S. and elsewhere and identified by the Service Mark and the
Related Trademarks. The 7-Eleven System provides beverages, non-food merchandise, specialty items, various services, take-out foods, dairy products and groceries, and emphasizes convenience to the customer. We have developed the 7-Eleven System and
are continually refining, modifying and updating the System based on experience and new developments to meet and serve the preferences of the customer. The distinguishing characteristics of the 7-Eleven System include use of the Service Mark and
Related Trademarks, distinctive exterior and interior design, decor, color scheme, and furnishings; standards, specifications, policies and procedures for operations; quality and uniformity of products and services offered; procedures for inventory,
management and financial control; training and assistance; and advertising and promotional programs, all of which may be changed, deleted, improved, and further developed by us from time to time. 
  
 “SKU” means stockkeeping unit, the common understanding for individual items of
merchandise, each with a unique Universal Product Code. 
  
 “Special
Items” means the containers, ingredients, condiments, and other items used or furnished in connection with the preparation or sale of a specific product and so designated by us. We reserve the right to determine which Special Items will be
included in the monthly Inventory. All Special Items will be inventoried and accounted for upon termination or expiration of this Agreement. 
  
 “Store” means the 7-Eleven convenience store described on Exhibit A. 
  
 “System Transaction Amounts” means amounts that vendors or others pay us or third parties for the use of the 7-Eleven Store Information System or data collected
by the 7-Eleven Store Information System or any replacement or modified computer information system used in connection with Store operations. Where the third party is a Recommended Vendor, we will obtain System Transaction Amounts only if such
vendor represents to us in writing that (a) the vendor will not increase the cost of services and products to 7-Eleven Stores to recoup the System Transaction Amounts paid, and (b) the vendor would not apply the System Transaction Amounts to lower
the cost of goods for services and products sold to 7-Eleven Stores. 
  
 “Term” means the initial term of this Agreement as set forth in Paragraph 9. 
  

 Exhibit E – Page 9 

 “Trade Secrets” means the On-Line Systems Support Guide; the 7-Eleven System; all manuals, directives, forms,
information and materials included in the 7-Eleven System in any form, whether electronic or otherwise. The Trade Secrets are restricted proprietary information and are our sole property. The Trade Secrets are exclusively for our benefit and the
benefit of our franchisees. 
  
 “Transferring Franchisee” means a
franchisee who is executing a franchise agreement as a result of choosing a Transfer (as defined in Paragraph 25 of this Agreement) under the provisions of a 7-Eleven Store Franchise Agreement or an amendment to a 7-Eleven Store Franchise Agreement.

  
 “24-Hour Operation” means your operation of the Store 24 hours a
day, 7 days a week (except, at your option, Christmas day). 
  
 “Weekly
Draw” means the amount that we agree to remit to you once every week indicated in subsection (h) in Exhibit D. 
  
 “Wholesale Vendor” means a Bona Fide Supplier who regularly supplies merchandise or provides services to convenience or similar stores. 
  
 “Withdrawal Notice” means the notice that we agree to provide you pursuant to
Paragraph 26(d) if we determine to cease operation of all 7-Eleven Stores in the geographic market area in which your Store is located. 
  

			
	FRANCHISEE
		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

	
	7-ELEVEN, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  

 Exhibit E – Page 10 

 EXHIBIT F 
  

SURVIVORSHIP 
  
 7-ELEVEN STORE
NO.                                       
  
  
 Notwithstanding anything in the Franchise Agreement or the Exhibits
to the Franchise Agreement to the contrary: 
  
 l. As used in this Survivorship
Agreement, “Death of the Franchisee” means the death of the individual Franchisee, if there is only one Franchisee or, if there is more than one Franchisee under the Franchise Agreement, the “simultaneous death of all the
Franchisees” as defined below. If a Death of the Franchisee occurs, we agree to operate the Store for the benefit of the Franchisee’s estate from the period beginning on the Death of the Franchisee and ending on the earliest of the
following events: 
  
 (a) The sale of the franchise by the estate
and mutual termination of the Franchise Agreement in accordance with the terms of this Survivorship Agreement and the Franchise Agreement; 
  
 (b) The Effective Date of a new 7-Eleven Store Franchise Agreement with a designated individual as provided in this Survivorship Agreement; or,

  
 (c) The expiration of 30 days, or any longer notice period
provided in the Franchise Agreement. If any of these events occur, the Franchise Agreement will terminate as provided in this Survivorship Agreement. “Simultaneous death of all the Franchisees” means the death, within a 72 consecutive hour
period (whether or not the deaths arise from the same casualty or occurrence) of all the individuals who executed the Franchise Agreement and/or were subsequently added as “Franchisee(s)” in a writing signed by the parties. 
  
 The “Notice Period” is the period beginning with the Death of the Franchisee and
ending upon the occurrence of one of the above referenced events. If a Death of the Franchisee occurs, then for any Accounting Period during the Notice Period, we will not charge the Open Account for Inventory Variation, payroll or payroll taxes
(including your draw amount) an amount more than the average experience of the Store for the category in question for the three calendar months before the Death of the Franchisee (or any shorter period the Franchise Agreement was in effect). We
agree to indemnify the Franchisee’s estate from any claims which arise during this period and pay any balance due you from us to the Franchisee’s estate in accordance with the Franchise Agreement. 
  
 2. You may designate in writing and notify us of (pursuant to the notice provision in the
Franchise Agreement) up to three individuals, listed alternatively and in order of preference, whom you believe qualified to franchise the Store after the Death of the Franchisee and each of whom individually would like the opportunity to do so. You
acknowledge and agree that we will offer the opportunity to franchise the Store to one individual (and his or her spouse) only, and that we will make this offer to one individual at a time, in accordance with the order in which you designated the
individuals on the notice you provided to us. To be effective, the notice of designation must be either personally delivered or postmarked not later than one day before the date of the Death of the Franchisee. You may change the designation in
writing to us, effective upon receipt, up to the day before the date of the Death of the Franchisee. 
  
 If you have designated individuals in this way, then, after the Death of the Franchisee, we agree to promptly attempt to locate and arrange an interview with the designated individual and we will advise the estate
whether or not that designated individual has been located and is qualified in accordance with our 
  

 Exhibit F – Page 1 

 then-current qualification procedures. If more than one individual is designated and the first designated individual
cannot be reasonably located, is not qualified under our then-current qualification procedures or is not interested in obtaining a franchise for the Store, we agree to attempt to locate and determine the qualifications and interest of the second
designated individual, and likewise for the third individual, if necessary, and we will advise the estate accordingly. 
  
 If, before the Notice Period expires, one of the designated individuals qualifies and wishes to franchise the Store; the estate agrees with us to mutually terminate the
Franchise Agreement; the estate waives (in a form satisfactory to us) any claim it may have to sell the franchise; the estate pays or makes arrangements satisfactory to us for payment of any amount due us under the Franchise Agreement; and, if the
Franchisee is a corporation, the designated individual acquires ownership or control of all of the authorized, issued and outstanding shares of the Franchisee corporation, then we agree to sign a new 7-Eleven Store Franchise Agreement for the Store
in the then-current form with the designated individual. In addition, if the Franchisee is a corporation, after the designated individual has acquired ownership or control of all of the authorized, issued and outstanding shares of the Franchisee
corporation and signed a new 7-Eleven Store Franchise Agreement for the Store in the then-current form, we will have the new 7-Eleven Store Franchise Agreement assigned to the former Franchisee corporation or another corporation named by the
designated individual, if all our then-current conditions for assignment have been satisfied. We agree not to charge any Franchise Fee. There will be no change in the financial terms from those in the Franchise Agreement until the expiration date of
the original Franchise Agreement if it had not terminated earlier. At the expiration date of the original Franchise Agreement, the financial terms in the new 7-Eleven Store Franchise Agreement executed by the designated individual will become
effective for the remainder of the term of the then-effective Franchise Agreement. 
  
 3. If, before the Notice Period expires, neither of the first two events specified in Paragraph 1 (a) and (b) above occurs; and the estate delivers to us a written request indicating that it desires to arrange a sale of the franchise and
has made and will continue to make good faith efforts to find a qualified purchaser and the estate pays or makes arrangements satisfactory to us for the payment of any amount due us under the Franchise Agreement, then we agree to give the estate the
opportunity to arrange a sale of the franchise for a total of 120 days from the Death of the Franchisee (including the Notice Period). We agree not to refranchise the Store during that time unless the estate waives in writing any claim it may have
to sell the franchise, even though the Franchise Agreement has terminated. However, from the 31st through the 120th day, we will operate the Store for our benefit alone. 
  
 4. One of our officers must review and approve any arrangement between us and the estate, including application of the terms of this
Survivorship Agreement, before the arrangement can be implemented. 
  
 5. As
consideration of our allowing you to designate a successor to your interest, and as a condition before we agree to be bound by the terms of this Survivorship Agreement, you agree with us: 
  
 (a) That notwithstanding any probate or estate administration proceedings
involving you or your state, or disputes by, among or between your designees, heirs, legatees, beneficiaries, successors in interest or the like, the time limits established by the terms of this Survivorship Agreement will control and govern our
obligations and the rights of any party arising from the terms of this Survivorship Agreement, and 
  
 (b) That if a dispute arises concerning the disposition of the franchise pursuant to this Survivorship Agreement and/or the Franchise Agreement, and the
dispute involves us or our rights or obligations, then any expenses we reasonably incur in that dispute, including attorneys’ fees and court costs, will either be borne by the Open Account or your estate, or both (at our option). 
  

 Exhibit F – Page 2 

 6. You agree that, if the Franchisee operates more than one (1) 7-Eleven Store, the survivorship rights contained in this
Survivorship Agreement will apply to only one (1) of Franchisee’s 7-Eleven Stores, notwithstanding the fact that an agreement the same as or similar to this Survivorship Agreement may have been signed in connection with the execution of
7-Eleven Store Franchise Agreements for each of Franchisee’s 7-Eleven Stores. 
  
 Except for terms defined in this Survivorship Agreement, the terms used in this Survivorship Agreement will have the meanings defined in the Franchise Agreement. 
  

			
	FRANCHISEE
		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

	
	7-ELEVEN, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  

 Exhibit F – Page 3 

 EXHIBIT G 
  

REQUIRED PROPRIETARY PRODUCTS 
  
 Following is a list of the Proprietary Products that you are required to carry in the Store at all times. We may delete any of these items or add any new items at any
time upon reasonable notice. 
  

			
	 Product

	  	 Description and Presentation

	SLURPEE®: Frozen Carbonated Beverage	  	Frozen carbonated beverage, prepared with a variety of high-quality syrups, properly mixed, and served in standardized, trademarked cups.
		
	SLURPEE®: candy, gum, frozen treats other products	  	Candy, gum, frozen treats and other products prepared using 7-Eleven approved specifications and packaged using SLURPEE® Marks
		
	GULP®, BIG GULP®, SUPER
BIG GULP®, XTREME GULP®, DOUBLE GULP®: beverages	  	Fountain soft drink beverages, prepared with a variety of high-quality syrups, properly mixed, and served in standardized, trademarked cups and mugs of various sizes.
		
	7-ELEVEN®: coffee	  	Fresh brewed coffee, prepared with the 7-Eleven regionally approved coffee blend, and served in standardized, trademarked coffee cups of various sizes.
		
	 BIG BITE®
 1⁄4 POUND BIG BITE®
 BIGGEST BIG BITE®
	  	High quality, all-beef hot dog, prepared using spice mix approved by us, offered in both 8:1 lb. and 1/4 lb. sizes, and served in standardized, trademarked hot dog containers.
		
	7-ELEVEN GO-GO TAQUITOSTM: snack product	  	High quality line of Mexican snacking products, with proprietary fillings wrapped inside a tortilla, served from the grill in a standardized, trademarked bag.
		
	 7-ELEVEN SPEAK OUT®
 CONNECTIONS FROM 7-ELEVEN®
 7-ELEVEN VALUE +TM
 7-ELEVEN CONVENIENCE CARDTM
 Prepaid Cards and Stored Value
Cards
	  	Prepaid long distance, wireless and local telephone products and stored value products with trademarked 7-ELEVEN® identification and packaging that is designated as part of the 7-Eleven Prepaid Card or Stored Value Card
Programs.
		
	QUALITY CLASSIC SELECTION®: Water/Beverages	  	High quality, proprietary trademarked bottled spring water, sparkling water, soft drinks in various sizes.
		
	BIG EATS DELITM: food products	  	High quality, proprietary recipe, BIG EATS DELI branded products, and other commissary produced products, displayed in standardized and trademarked packaging.
		
	BIG EATS BAKERYTM products	  	High quality, proprietary and other fresh baked goods delivered through the CDC.
		
	7-ELEVEN® Nachos: chips	  	High quality nacho chips served in standardized, trademarked Nacho trays.

  

 Exhibit G – Page 1 

			
	FRANCHISEE
		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

	
	7-ELEVEN, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  

 Exhibit G – Page 2 

 EXHIBIT H 
  

RELEASE OF CLAIMS AND TERMINATION 
  

	1.	The 7-Eleven Store Franchise Agreement between 7-Eleven, Inc. (“we,” “us”, “our” or “7-Eleven”) and the undersigned parties (“you”)
dated                     , as amended (the “Agreement”) and which covered 7-Eleven Store No.
                     (the “Store”) is hereby terminated effective      a.m./p.m. on
                            , 20    , 

  

	2.	You and we hereby mutually agree that, except as specifically provided below, all claims, demands, rights, duties, guarantees, obligations, debts, dues, sums of money, accounts,
covenants, contracts, controversies, agreements, promises, torts, judgments, executions, liabilities, damages, injunctions, assignments, suits or causes of action (collectively, the “claims” ) of every kind and nature, however, or wherever
arising, whether known or unknown, foreseen or unforeseen, direct, indirect, contingent or actual, liquidated or unliquidated, which have arisen or which might or could arise under federal, state, or local law from any relationship, incident, or
transaction arising or occurring under the Agreement or under any agreement in connection therewith, or from the execution, operation under or termination of the Franchise Agreement, and any services provided to you under the Franchise Agreement or
under any other agreement relating to the Store, existing or arising at any time before or at the time of the execution of this Agreement, are hereby mutually satisfied, acquitted, discharged and released by you and us on your and our behalf and on
the behalf of any person claiming under or through you or us, it being the express intention of you and us that this release be as broad as permitted by law. 

  

	3.	You intend the release contained in Paragraph 2 to acquit and forever fully discharge us, any parent of ours and any of our or our parent’s direct or indirect subsidiaries,
divisions or Affiliates and our, its and their respective officers, directors, shareholders, partners, agents, employees, heirs, legal representatives, successors and assigns. 

  

	4.	If you are in California, the parties expressly waive and relinquish all rights and benefits which either may now have or in the future have under and by virtue of California Civil
Code Section 1542. The parties do so understanding the significance and consequence of such specific waiver. Section 1542 provides that “[a] general release does not extend to claims which the creditor does not know or suspect exist in his
favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” For the purpose of implementing a general release and discharge as described in Paragraph 2 above, the parties
expressly acknowledge that this Release of Claims and Termination Agreement is intended to include in its effect all claims described in Paragraph 2 above which the parties do not know or suspect to exist in their favor at the time of execution
hereof, and that this Release of Claims and Termination Agreement contemplates the extinguishment of any such claims. 

  

	5.	You and we represent and warrant that the execution of this Release of Claims and Termination Agreement is free and voluntary, and that no inducements, threats, representations or
influences of any kind were made or exerted by or on behalf of either party. 

  

	6.	This release will be binding upon you and us and upon your and our respective heirs, legal representatives, successors and assigns. This release is intended to be mutual and
reciprocal, and it will be effective against one party only if it is effective against both parties. You and we acknowledge that this Release of Claims and Termination Agreement will be a complete defense to any claim released under the terms of
Paragraph 2. 

  

 Exhibit H – Page 1 

	7.	You and we each represent and warrant to the other that we and you have not assigned and will not assign to any other party any of the claims released by this Release of Claims and
Termination Agreement. 

  

	8.	NOTWITHSTANDING ANY OF THE FOREGOING, THIS RELEASE DOES NOT INCLUDE any amounts (1) debited or credited to you after the date of this Release of Claims and Termination Agreement, or
(2) owing to either party (the “Final Settlement”) as reflected on the final Financial Summaries prepared by us. You acknowledge that all Financial Summaries prepared to the date of this Release of Claims and Termination Agreement are true
and correct and that this release includes all claims affecting the figures stated in such Financial Summaries. Your endorsement of a Final Settlement check delivered to you after the preparation of the final Financial Summaries acknowledges your
release of all claims affecting the figures stated on your final Financial Summaries. 

  

	9.	FURTHER NOTWITHSTANDING ANY OF THE FOREGOING, this release does not include (1) any claim that you may have against any person or entity other than us, our parent, subsidiary or
Affiliated entities, and their respective officers, directors and employees; (2) any indemnity claim that you may have against us pursuant to the indemnification provisions of the Franchise Agreement when you are sued by a third party for acts or
omissions occurring during your operation of the Store; and (3) any rights that you have to payments from us determined under Exhibit J. 

  

	10.	FURTHER NOTWITHSTANDING ANY OF THE FOREGOING, IF YOU ARE A MARYLAND FRANCHISEE, THIS RELEASE DOES NOT INCLUDE ANY CLAIMS PERTAINING OUR ALLEGED FAILURE TO COMPLY WITH THE MARYLAND
FRANCHISE REGISTRATION AND DISCLOSURE LAW. 

  

			
	FRANCHISEE
		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

		
	 By:
	 	  

	 Printed Name:
	 	  

	 Date:
	 	  

	
	7-ELEVEN, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  

 Exhibit H – Page 2 

 EXHIBIT I 
  

SECURITY AGREEMENT 
  
 THIS SECURITY AGREEMENT (the “Security Agreement”), dated
                         , 20    , is executed by the undersigned debtor Franchisee(s)
jointly and severally if more than one ( such debtor(s) are referred to individually or collectively as “you” or “your”), to and for the benefit of 7-Eleven, Inc. (“we”,
“us” or “our”). 
  
 RECITALS 
  
 A. Pursuant to a Store
Franchise Agreement, dated                          , 20     (the “Franchise
Agreement”), between you and us, we have, among other things, agreed to make loans and other financial accommodations to you upon the terms and subject to the conditions set forth in the Franchise Agreement. 
  
 B. Our obligation to make such loans and other financial accommodations to
you under the Franchise Agreement is subject, among other conditions, to receipt by us of this Security Agreement, duly executed by you. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the above recitals and for other good and valuable consideration, the receipt and adequacy of which are acknowledged,
you agree as follows: 
  
 1. Definitions and
Interpretation. When used in this Security Agreement and the Attachments to this Security Agreement, (a) the terms Equipment, Fixtures, Goods, Inventory, and Proceeds, have the respective meanings assigned
to them in the UCC (as defined below); (b) capitalized terms which are not otherwise defined in this Security Agreement have the respective meanings assigned to them in the Franchise Agreement; and (c) the following terms have the following meanings
(such definitions to be applicable to both the singular and plural forms of such terms): 
  
 “Collateral” means, with respect to you, all of your property and rights in which a security interest is granted under this
Security Agreement. 
  
 “Event of Default”
means (i) a Material Breach; (ii) your failure to perform or observe any term, promise, condition or obligation contained in this Security Agreement; or (iii) your breach of any representation or warranty made by you to us in or in connection with
the Store, the Franchise Agreement or this Security Agreement. 
  
 “Obligations” means and includes all loans, advances, debts, liabilities and obligations, howsoever arising, owed by you to us of every kind and description (whether or not evidenced by any note or instrument and
whether or not for the payment of money), direct or indirect, absolute or contingent, due or to become due, now existing or arising, in the future pursuant to the terms of the Franchise Agreement or any other agreement by or among you and us, and/or
modification, renewal, or extensions of any of the foregoing, including all interest, fees, charges, expenses, attorneys’ fees and accountants’ fees chargeable to and payable by you under this Security Agreement or under the Franchise
Agreement or any other agreement by or among you and us, and including the Open Account Balance and 
  

 Exhibit I – Page 1 

 any outstanding Excess Investment Draw, Monthly Draw or 7-Eleven Charge, or rentals due under any Lease. 
  
 “Store” means 7-Eleven Store No.
                                       
  located at
                                        
                                        .
 
  
 “UCC” means the Uniform
Commercial Code as in effect in the State of                      on the date of this Security Agreement, as may be amended or modified from
time. 
  
 2. Grant of Security Interest. As security
for the Obligations, you pledge and assign to us and grant to us a continuing security interest in and lien on, all of the present and hereafter acquired Goods (including Equipment, Fixtures and Inventory) held or maintained at the Store or
otherwise used in the ownership or operation of the Store and all Proceeds thereof, and all present and hereafter acquired rights, title and interest relating to the Store, including, but not limited to, all premium and going concern value, if any,
of the Store, and your right, if any, to effect a premium sale, and all proceeds thereof, whether now owned, or acquired in the future or arising, and wherever located, including those types of property described on Attachment 1 to this
Security Agreement. 
  
 3. Representations and
Warranties. You represent and warrant to us that: 
  
 (a)
We have (or in the case of after-acquired Collateral, at the time you acquire rights in the Collateral, will have) a first priority perfected security interest in the Collateral. 
  
 (b) Your chief executive office and principal place of business are as set forth on Attachment 2 to this Security
Agreement, and each other location where you maintain a place of business is also set forth on Attachment 2 to this Security Agreement. 
  
 [USE FOR ENTITY FRANCHISEE: (c) You are a
                    , duly organized, validly existing and in good standing under the laws of the state set forth on Attachment 2 to
this Security Agreement, and are a “registered organization” (as such term is defined in the UCC) in such state.] 
  
 [USE FOR INDIVIDUAL FRANCHISEE: (c) You are an individual located in
                    .] 
  
 (d) You are duly qualified, licensed to do business and in good standing in all jurisdictions in which such qualification or licensing is required.

  
 (e) Your exact legal name is as set forth on the signature
pages of this Agreement, and during the five years preceding the date of this Security Agreement you have not been known by any different legal name nor have you been the subject of any merger or other corporate reorganization. 
  
 4. Covenants. You agree to: 
  
 (a) Perform all acts that may be necessary to maintain, continue, preserve,
protect and perfect the Collateral, the security interest granted to us in the Collateral and the first perfected priority of such security interest. 
  
 (b) Not use or permit any Collateral to be used in violation of any provision of the Franchise Agreement or this Security Agreement. 
  

 Exhibit I – Page 2 

 (c) Pay promptly when due all taxes and other governmental charges, all liens and all other charges now
or imposed in the future upon or affecting any Collateral. 
  
 (d)
Without 30 days’ prior written notice to us, not (i) change your name or place of business (or, if you have more than one place of business, your chief executive office), (ii) keep Collateral consisting of Equipment at any location other than
the Store; or (iii) adopt a plan of conversion or reorganize under the laws of a state other than your state of organization as set forth on Attachment 2 to this Security Agreement. 
  
 (e) If we give value to enable you to acquire rights in or the use of any
Collateral, use such value for such purpose. 
  
 (f) Take other
action we reasonably request to insure the attachment, perfection and first priority of, and our ability to enforce, the security interests in all of the Collateral. 
  
 (g) Keep separate, accurate and complete records of the Collateral and must provide us with such records and such other
reports and information relating to the Collateral as we may reasonably request from time to time. 
  
 (h) Not sell, encumber, lease, rent, or otherwise dispose of or transfer any Collateral or right or interest in such Collateral except as expressly
permitted in the Franchise Agreement and you agree to keep the Collateral free of all liens. 
  
 (i) Comply with all material legal requirements applicable to you which relate to the production, possession, operation, maintenance and control of the Collateral and operation of the Store (including the Fair Labor
Standards Act). 
  
 5. Authorized Action by Agent.
You irrevocably appoint us as your attorney-in-fact and agree that we may, on or after an Event of Default, perform (but we will not be obligated to and will incur no liability to you or any third party for failure to so perform) any act which you
are obligated by this Security Agreement to perform, and to exercise such rights and powers as you might exercise with respect to the Collateral. You acknowledge and agree that this Security Agreement is an “authenticated record” for
purposes of UCC Articles 9.509(a) and (b), and you authorize the filing by us of UCC financing statements naming you as the “debtor(s)” in such financing statements. 
  
 6. Default and Remedies. In addition to all other rights and remedies granted us by this Security Agreement,
the Franchise Agreement, the UCC and other applicable law, we may, upon the occurrence and during the continuance of an Event of Default, exercise any one or more of the following rights and remedies: (a) foreclose or otherwise enforce our security
interests in any or all Collateral in any manner permitted by applicable law, the Franchise Agreement or this Security Agreement; (b) sell or otherwise dispose of any or all Collateral at one or more public or private sales, whether or not such
Collateral is present at the place of sale, for cash or credit or future delivery, on such terms and in such manner as we may determine; (c) require you to assemble the Collateral and make it available to us at a place to be designated by us; (d)
enter onto any property where any Collateral is located and take possession of such Collateral with or without judicial process; and (e) prior to the disposition of the Collateral, store, process, repair or recondition any Collateral consisting of
Goods, or otherwise prepare and preserve Collateral for disposition in any manner and to the extent we deem appropriate. You agree that 10 days’ notice of any intended sale or disposition of any Collateral is reasonable. We will have no

  

 Exhibit I – Page 3 

 duty as to collection or protection of the Collateral or any income on such Collateral, nor as to the preservation of
rights against prior parties, nor as to the preservation of any rights pertaining to prior parties beyond, in the case of any Collateral in our possession, the same safe custody of such Collateral to the extent afforded to our property. All of our
rights and remedies whether or not granted under this Security Agreement will be cumulative and may be exercised singularly or concurrently. 
  
 7. Miscellaneous. 
  
 (a) Notices. All notices, requests, demands, consents, instructions or other communications to or upon you or us under this Security
Agreement must be in writing and must be delivered in accordance with the terms and provisions of Paragraph 31(e) of the Franchise Agreement. 
  
 (b) Waivers; Amendments. Any term, promise, agreement or condition of this Security Agreement may be amended or waived if such amendment or
waiver is in writing and is signed by you and us. No failure or delay by us in exercising any right under this Security Agreement will operate as a waiver of such right or of any other right nor will any single or partial exercise of any such right
preclude any other further exercise of such right or of any other right. Unless otherwise specified in any such waiver or consent, a waiver or consent given under this Security Agreement will be effective only in the specific instance and for the
specific purpose for which given. 
  
 (c) Successors and
Assignments. This Security Agreement will be binding upon and inure to our benefit and your benefit and to the benefit of our respective successors and assigns, including all persons and entities that become bound by this Security Agreement;
provided, however, that you may sell, assign and delegate your respective rights and obligations under this Security Agreement only as permitted by the Franchise Agreement. We may disclose this Security Agreement, the Franchise
Agreement and any financial or other information relating to you to any assignee or potential assignee. 
  
 (d) JURY TRIAL. YOU AND WE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IRREVOCABLY WAIVE ALL RIGHTS TO TRIAL BY JURY AS TO ANY ISSUE
RELATING TO THIS SECURITY AGREEMENT IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT. 
  
 (e) Cumulative Rights, Etc. Our rights, powers and remedies under this Security Agreement will be in addition to all rights, powers and
remedies given to us by applicable law, the Franchise Agreement or any other agreement, all of which rights, powers, and remedies will be cumulative and may be exercised successively or concurrently without impairing our rights under this Security
Agreement. You waive any right to require us to proceed against any person or to exhaust any Collateral or to pursue any remedy in our power. 
  
 (f) Governing Law, Construction. This Security Agreement will be governed by and construed according to the laws of the state in which you
are located from time to time in effect except to the extent preempted by United States federal law. It is expressly stipulated and agreed to be your intent and our intent at all times to comply with applicable law governing the highest lawful rate
or amount of interest payable on the Obligations. If the applicable law is ever judicially interpreted so as to render usurious any amount called for under the Franchise Agreement, or contracted for, charged, taken, reserved or received with respect
to the Obligations, or if our exercise of our remedies under this Security Agreement or the Franchise Agreement or if any payment by you results in you having paid any interest in excess of that permitted by applicable law, then it is your and our
express intent that all excess amounts previously collected by us be credited on the principal balance of the Obligations (or, if the Obligations 
  

 Exhibit I – Page 4 

 have been or would be paid in full, refunded to you), and the provisions of the Franchise Agreement immediately be deemed
reformed and the amounts collectible thereafter under this Security Agreement and under the Franchise Agreement reduced, without the necessity of the execution of any new documents, so as to comply with the applicable law, but so as to permit the
recovery of the fullest amount otherwise called for under this Security Agreement or under the Franchise Agreement. All sums paid or agreed to be paid to us for the use, forbearance or detention of the Obligations will, to the extent permitted by
applicable law, be amortized, prorated, allocated and spread throughout the full term of the Obligations until payment in full so that the rate or amount of interest on account of the Obligations does not exceed the usury ceiling from time to time
in effect and applicable to the Obligations for so long as the Obligations are outstanding. 
  
 (g) Conflicting Provisions. To the extent there exists any conflict or inconsistency between the terms of this Security Agreement and the terms of the Franchise Agreement, the terms of the Franchise
Agreement will govern. 
  
 (h) Counterparts. This
Security Agreement may be executed in any number of identical counterparts, any set of which signed by all the parties to this Security Agreement will be deemed to constitute a complete, executed original for all purposes. 
  
 IN WITNESS WHEREOF, you have caused this Security Agreement to be executed as
of the day and year first above written. 
  

			
	FRANCHISEE	 	 
		
	By:	 	  

	Printed Name:	 	  

	Date:	 	  

		
	By:	 	  

	Printed Name:	 	  

	Date:	 	  

	
	7-ELEVEN, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

  

 Exhibit I – Page 5 

 ATTACHMENT 1 
 TO SECURITY AGREEMENT 
  
 All Goods
(including Equipment, Fixtures and Inventory) held or maintained on the Store or otherwise used in the ownership or operation of the Store, including money order blanks, bank drafts and store supplies, and all embedded software, accessions,
additions, attachments, improvements, substitutions and replacements to such Goods and for such Goods; 
  
 All premium or going concern value of the franchise interest in the Store; 
  
 All licenses and permits used in connection with the operation of the Store; and 
  
 All proceeds of the foregoing (including whatever is receivable or received when Collateral or proceeds are sold, collected, exchanged, returned, substituted or otherwise
disposed of, whether such disposition is voluntary or involuntary, including rights to payment and return premiums and insurance proceeds under insurance with respect to any Collateral, and all rights to payment with respect to any cause of action
affecting or relating to the Collateral). 
  

 Attachment 1 – Solo Page 

 ATTACHMENT 2 
 TO SECURITY AGREEMENT 
  
 [Complete for each Franchisee] 
  
 Exact Legal Name: 
  
 State or Organization: 
  
 Type of Organization: 
  
 Place of Business (or, if more than one, the Chief Executive Office): 
  

 Attachment 2 – Solo Page 

 EXHIBIT J 
  

Procedures for Selection of Third Party Reviewer and 
 for Reviewing Vendor Negotiating Practices 
  
 A. Qualifications and Selection of Franchisee Selection Committee Members: 
  
 1. Qualifications. The “Franchisee Selection Committee” will be made up of five franchisees who, at the time of their selection and at all times during the Committee’s deliberations, (i) are
current 7-Eleven franchisees; (ii) are not in breach of their 7-Eleven franchise agreement; (iii) are local Franchise Owners Association Presidents, but not officers of any national 7-Eleven franchisee association or coalition of associations; (iv)
agree to serve voluntarily, and (v) agree to be bound by this Exhibit J, including the dispute resolution procedures set forth in Section C. The Franchisee Selection Committee will select the Third Party Reviewer as provided in Section B. below and
will be a party to any dispute resolution proceedings contemplated by Section D. below. 
  
 2. Selection. The initial members of the Franchisee Selection Committee meeting the requirements set forth above will be selected by the Allowance Review Committee (“ARC”) established pursuant to the
settlement of the following matters: 7-Eleven Owners for Fair Franchising, et al v. The Southland Corporation, et al, Superior Court of Alameda County, California (ASC No. 722272-6 OH) or Clyde Valente, et al v. The Southland Corporation,
et al, District Court for Dallas County, Texas (14th Judicial District) (Docket No. 96-11972-A). In the event
the ARC has not selected all the members of the Franchisee Selection Committee by July 1, 2004, we will select the initial members of the Franchisee Selection Committee. 
  
 3. Replacement. Any Franchisee Selection Committee member who (i) resigns or (ii) no longer meets the qualifications
set forth in Section A.1(i)-(iv) above, will, as of the date of such occurrence, no longer be a member of the Franchisee Selection Committee. We will advise the Franchisee Selection Committee of the occurrence of Section A.3.(i) or (ii) above,
within a reasonable time after we learn of it. The remaining members of the Franchisee Selection Committee, will promptly select a replacement member, provided that we may select a replacement member if the remaining members of the Franchisee
Selection Committee have not acted within 45 days after one or more members becoming ineligible to act as a member of the Franchisee Selection Committee. 
  
 4. Costs. Except for the $75,000 per calendar year (adjusted based upon the consumer price index, for each year after 2004) that we will provide
pursuant to Paragraph 15(k) for the costs associated with the selection of the Third Party Reviewer and for such Third Party Reviewer to conduct the review contemplated by Paragraph 15(k) and this Exhibit J and related costs, the Franchisee
Selection Committee shall bear all costs and expenses incurred by it relating to the review and any other actions contemplated by Paragraph 15(k) and this Exhibit J. 
  
 B. Qualifications and Selection of Third Party Reviewer: 
  
 The selection of the Third Party Reviewer described in Paragraph 15(k) of the Franchise Agreement will be made by the
Franchisee Selection Committee, as set out in Section A.1. above, within 90 days after the first day of each calendar year during the term of the Franchise Agreement, beginning on January 1, 2005. The Third Party Reviewer (i) should be an individual
or entity that has experience in reviewing and identifying discounts and allowances provided by manufacturers and other vendors to retail companies; (ii) will not be disqualified solely based on the fact that such individual or entity has been
engaged by us to review discounts and allowances obtained by or available to us outside of the context of the review contemplated by this Exhibit J; (iii) may (but need not) continue to be selected in subsequent 
  

 Exhibit J – Page 1 

 years; and (iv) must agree to be bound by this Exhibit J, including the dispute resolution procedures set forth in
Section D. The Franchisee Selection Committee shall notify us in writing promptly upon the selection of a Third Party Reviewer, and the notice shall include a statement explaining how the Third Party Reviewer satisfies each of the qualifications set
forth above. 
  
 C. Procedures for and Scope of Review of Vendor Negotiating
Practices and Treatment of Discounts and Allowances: 
  
 1.
Vendor Agreements. Beginning effective January 1, 2005, within 60 days after the beginning of each calendar year during the Term of the Franchise Agreement, we will provide to the Franchisee Selection Committee a list of all Vendor agreements
(including maintenance vendors recommended by us) entered into during the immediately preceding calendar year. Promptly following the selection of the Third Party Reviewer, the Franchisee Selection Committee shall identify to us in writing any such
Vendor agreements which it wishes the Third Party Reviewer to review. The Third Party Reviewer may continue to review any Vendor agreements that continue from year to year for the years they are operative, as outlined above. The Third Party Reviewer
will be entitled to obtain the total amount paid to us by any Vendor whose agreement it is reviewing including verifying with the Vendor the total amount paid, if it desires. 
  
 2. Confidentiality. Before reviewing any Vendor agreement under which we are required to maintain the confidentiality
of the terms of such agreement, the Third Party Reviewer and each member of the Franchisee Selection Committee must sign a confidentiality agreement in the form that we require. The Third Party Reviewer will then be given access to the subject
Vendor agreement and, if requested, to our personnel who were directly involved in the negotiation of the agreement which is the subject of the review. The review of all Vendor agreements identified by the Franchisee Selection Committee must be
completed within 145 days after the date on which the Third Party Reviewer is selected each year. 
  
 3. Scope of Review. In conducting its review of the Vendor agreements identified as set forth above, the sole question before the Third Party
Reviewer shall be whether we satisfied our obligations under Paragraph 15(j)(1) and (2) of the Franchise Agreement. In order to determine whether we met our obligations under Paragraph 15(j)(1), the Third Party Reviewer and, if applicable, the
Arbitrator under Section D, (i) shall be directed to consider the limitations, restrictions and conditions placed on the discount, allowance or other opportunity for price adjustment by the Vendor and (ii) shall take into consideration whether the
nature and requirements of a particular Vendor’s offer of a lower cost of products and services is consistent with our business concept and strategies. The Third Party Reviewer may also review and report the actions we took to meet the
requirements for dealing with Vendors listed in the definition of System Transaction Amounts in Exhibit E. 
  
 D. Dispute Resolution Procedures: 
  
 1. LIMITATIONS PERIOD. ANY AND ALL CLAIMS ARISING OUT OF OR RELATING TO OUR OBLIGATIONS UNDER PARAGRAPHS 15(j) AND (k) OR THE REVIEW CONDUCTED UNDER THIS EXHIBIT J WILL BE BARRED UNLESS AN ACTION IS
COMMENCED UNDER THESE DISPUTE RESOLUTION PROCEDURES WITHIN THE CALENDAR YEAR IMMEDIATELY FOLLOWING THE CALENDAR YEAR IN WHICH THE THIRD PARTY REVIEWER CONDUCTED THE REVIEW AT ISSUE. 
  
 2. Negotiation. In the event the Third Party Reviewer reasonably believes that we did not meet our obligations under
Paragraph 15(j) (1) or (2) of the Franchise Agreement, then the Third Party Reviewer shall so advise our legal department and the head of our merchandising department and the Franchisee Selection Committee. The Franchisee Selection Committee and the
head of our 
  

 Exhibit J – Page 2 

 merchandising department (or his or her designee) shall endeavor in good faith to resolve any such disputes within 30
days following the date on which it is referred to them. If, after such 30 day period, the Franchisee Selection Committee reasonably believes that we have failed to meet our obligations under Paragraph 15(j) (1) or (2) of the Franchise Agreement and
have not taken or agreed to take action to remedy such failure, then the Franchisee Selection Committee may bring a claim against us under the procedures set out in Section D.3. below. You agree that this procedure shall be your sole remedy for any
breach or alleged breach of Paragraphs 15(j) and (k). 
  
 3. Non-Binding Mediation. Any claim arising under Paragraph 15(j) (1) or (2), Paragraph 15 (k) and/or Exhibit J to the Franchise Agreement not resolved under Section D.2. of this Exhibit J shall be submitted to non-binding mediation
in accordance with the procedures set forth in Paragraph 29 of the Franchise Agreement, except that the mediator’s fees and expenses and the fees charged by the American Arbitration Association (or any other organization used for the
mediation), will be shared by the Franchisee Selection Committee and us, with one-half of those expenses and fees being paid by us and one-half of those expenses and fees being paid by the Franchisee Selection Committee. We and the Franchisee
Selection Committee will be responsible for our respective expenses incurred in connection with the mediation. You and we agree that good faith participation in this mediation procedure is obligatory. If the dispute cannot be finally resolved
through mediation within 30 days after the mediation demand is made, the dispute shall be submitted for binding arbitration by the Franchisee Selection Committee, or by us, upon demand of either party, to the American Arbitration Association in
accordance with Section D.4. of this Exhibit J. 
  
 4.
Arbitration. 
  
 a. The arbitration proceedings will be
conducted by one arbitrator (“Arbitrator”), and, except as this subsection otherwise provides, according to the then-current commercial arbitration rules of the American Arbitration Association. Unless otherwise agreed by the Franchisee
Selection Committee and us, the Arbitrator will be an individual who has experience in the availability and use of product and service discounts and allowances provided by vendors in the retail industry. All proceedings will be conducted at a
suitable location chosen by the Arbitrator in the city where our principal business address is then located. All matters relating to arbitration will be governed by the Federal Arbitration Act (9 U.S.C. §§ 1 et seq.). Judgment upon the
Arbitrator’s award may be entered in any court of competent jurisdiction. 
  
 b. Within a reasonable time after the issuance of a final arbitrator’s award that is not subject to appeal or final judgment of a court of competent jurisdiction enforcing an arbitrator’s award and awarding
an amount to be paid to franchisees under this procedure, we will pay that award by crediting to your Open Account an amount equal to your allocable share of the award based on your purchases of the Vendor’s products or services. If purchase
data is unavailable, we will estimate payments based upon the best available data. For franchisees that have left the system, we will mail the payments to their last known address. We will pay out the entire award to franchisees, and you agree that
our determination regarding payment will be final and that you have no right to, and waive, any contest with respect to the determination of the amounts to be paid. 
  
 c. Limitation on Damages. 
  

(i) You and we agree that the Arbitrator will be instructed by the parties to the arbitration that: 
  

	 	•	 	with respect to a finding that we failed to meet our obligations under Paragraph 15(j)(1) or under the definition of System Transaction Amounts in Exhibit E, no damages,

  

 Exhibit J – Page 3 

 
including money damages, specific performance, injunctive relief, or attorneys’ fees and costs, may be awarded; 
  

	 	•	 	with respect to a finding that we failed to satisfy our obligations under Paragraph 15 (j) (2), the damages that can be awarded to you are limited to an amount equal to the amount
of the discount or allowance attributable to your purchases of the goods or services on which the allowance was given multiplied by the percentage equal to the difference between 100% and the percentage used to calculate the 7-Eleven Charge for the
year in question. 

  
 (ii) In addition and
notwithstanding anything to the contrary herein, the Arbitrator may not award any punitive or exemplary damages against either party under any circumstances. We and you agree to be bound by the provisions of any limitation on the period of time in
which claims must be brought under applicable law or the Franchise Agreement (including this Exhibit J), whichever expires earlier. 
  
 d. Arbitration Costs. The Arbitrator’s fees and expenses and the fees charged by American Arbitration Association (or any other organization
used for the arbitration) will be shared by the Franchisee Selection Committee and us, with one-half of those expenses and fees being paid by us and one-half of those expenses and fees being paid by the Franchisee Selection Committee. We and the
Franchisee Selection Committee will be responsible for our respective expenses incurred in connection with the arbitration. 
  
 e. Acknowledgements Regarding Arbitration. The parties acknowledge that any dispute arising out of or related to a violation or alleged violation
of Paragraph 15(j) or arising out of or related to Paragraph 15(k) or Exhibit J is solely between you and us, that no Vendor will be a necessary party to any such dispute, and that you will have no remedy against any Vendor for a violation of
Paragraph 15(j). The parties further acknowledge that the provisions of Section D.4 will continue in full force and effect subsequent to and notwithstanding the Franchise Agreement’s expiration or termination. 
  

			
	FRANCHISEE
		
	By:	 	  

	Printed Name:	 	  

	Date:	 	  

		
	By:	 	  

	Printed Name:	 	  

	Date:	 	  

	
	7-ELEVEN, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

  

 Exhibit J – Page 4Employment Agreement, between 7-Eleven, Inc. and James W. Keyes

 Exhibit 10.(iii)(A)(6) 
  
 EMPLOYMENT AGREEMENT 
  

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made as of this 24th day of January 2005, between 7-Eleven, Inc., a Texas corporation
(“7-Eleven,” “Company,” or “Employer”), and James W. Keyes (“Executive”). 7-Eleven and Executive may hereinafter be referred to jointly as “the Parties.” 
  
 The Parties to this Agreement, in consideration of the mutual covenants
contained herein, agree upon the following terms of employment of Executive by Employer: 
  
 1. Term: Subject to the terms and conditions herein, Employer hereby employs Executive and Executive hereby accepts employment for a term commencing on the date of this Agreement and continuing for a period of
three years. After the expiration of the initial term, this Agreement shall renew for successive one-year periods, subject to the right of the Company and Executive to terminate this Agreement in accordance with the terms and conditions as set forth
in subsequent sections of this Agreement, and subject to the right of the either Party to give the other a written notice of termination at least 90 days prior to the expiration of the then-current term. Should the Company decide not to renew this
Agreement in accordance with the requirements of this paragraph, the employment relationship between Employer and Executive will continue on an “at-will” basis, and such decision shall not constitute a For Cause Termination, Performance
Termination or Involuntary Termination, as those terms are defined below. 
  
 2. Duties: Executive will continue to serve the Company in the capacity of President and Chief Executive Officer, and in that capacity Executive will perform his duties to the best of his abilities, subject to
the oversight of the Company’s Board of Directors (the “Board”). It is agreed and understood that the position, authority, duties and responsibilities of Executive shall be substantially the same as those performed by Executive as
President and Chief Executive Officer immediately prior to the date of this Agreement, and that Executive shall at all times serve the best interests of the Company. The Company agrees that Executive shall at all times have such discretion and
authority as is required in the carrying out of Executive’s duties in a proper and efficient manner, subject to such limits as the Board may impose through the Company’s Authorizing Resolutions or otherwise. 
  
 3. Compensation: 
  
 A. Salary: For all duties to be performed by Executive in any
capacity hereunder, Executive shall be paid a base salary (the “Base Salary”) at an annual rate, to be determined by the Board, of not less than $775,000 per year, payable semi-monthly or in such other manner as may be established by the
Company for the payment of its executives. The Board’s Compensation and Benefits Committee (the “Compensation Committee”), after consultation with the Board, may authorize upward compensation adjustments by way of Base Salary, bonus
or otherwise, as it deems appropriate during the initial term of this Agreement or any extension thereof. 
  
 B. Bonus: In addition to the Base Salary, Employer shall pay Executive a bonus in the form of an Annual Performance Incentive (“API”).
Executive’s API potential shall be targeted at not less than 100 percent of his Base Salary, but actual API payment amounts shall be determined each year based upon such performance targets, measurements and other 

 
criteria as are established and approved by the Compensation Committee. API for any given year shall be paid following year-end closeout, typically in
February of the following year, and, subject to the terms of paragraphs 5B(1) and 7 below, Executive must be employed on the last day of the year in order to receive API applicable to that year. 
  
 C. Long-Term Incentive: Subject to the sole discretion of the
Compensation Committee, which retains all decision-making authority with regard to the establishment, administration and continuation of the benefits described below, Executive will continue to be eligible for participation in the Company’s
Long-Term Incentive Plan (the “LTI Plan”), which currently includes a Performance Share Component (the “Performance Share Plan”), and a Stock Option Component (the “Stock Option Plan”). Implemented at the discretion of
the Compensation Committee, the LTI Plan typically applies to the Company’s top five executive officers and such other executives as may be selected for participation by the Compensation Committee. 
  
 D. Other Benefits: Executive shall be eligible to participate in or
receive benefits under any employee benefit plan, program or arrangement made available by Employer in the future to its executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall
administration of such plans and arrangements. 
  
 4.
Termination: Unless otherwise agreed to in writing by Employer and Executive, Executive’s employment hereunder may be terminated under the following circumstances: 
  
 A. Death or Disability: Executive’s employment under this Agreement shall terminate automatically upon
Executive’s death. If the Board determines in good faith that the Disability of Executive has occurred (pursuant to the definition of “Disability” set forth below), it may give to Executive written notice of its intention to terminate
Executive’s employment by the Company. In such event, Executive’s employment shall terminate effective on the 30th day after receipt of such notice by Executive (the “Disability Effective Date”), provided that Executive shall not have returned to full-time performance of his duties before the Disability Effective Date. For purposes of
this Agreement, “Disability” means disability or incapacity that prevents Executive’s substantial and continuous performance of the essential functions of his position, with or without reasonable accommodation, for a period of more
than 12 weeks after its commencement or for an aggregate of 16 weeks in any 12-month period as determined by the Board upon competent medical advice. 
  
 B. For Cause Termination: By a 75 percent vote of the Board, the Board may terminate Executive’s employment with the Company for cause, as
defined in the following sentence. For purposes of this Agreement, a “For Cause Termination” means a termination due to: (i) a willful act of dishonesty by Executive in connection with the performance of Executive’s duties; (ii) a
willful act of gross misconduct by Executive or a refusal by Executive to perform his duties; (iii) a willful breach by Executive of this Agreement; (iv) a material and willful violation of federal or state law or regulation applicable to the
Company’s business; (v) Executive’s plea of “nolo contendere” to, or conviction of, a crime or commission of an act of moral turpitude; (vi) dishonesty, fraud, or embezzlement, an occurrence of which will be determined in the
sole discretion of the Board; or (vii) abuse of alcohol or drugs. 
  
 C. Performance Termination: The Board may terminate Executive’s employment with the Company for Executive’s failure to adequately perform his job duties. For the purposes of this Agreement, a “Performance
Termination” is a termination of Executive’s employment by the Company for failure to perform at an acceptable level, after the following prerequisites are 

 
satisfied: (i) Executive is presented with a written performance review that describes in detail the specific areas that require improvement and the specific
actions that are to be taken by Executive to improve in the specified areas; (ii) Executive is allowed a period of 180 days in which to improve his performance, but has failed to do so; and, (iii) Executive’s termination is approved by a 75
percent vote of the Board. 
  
 D. Good Reason Termination:
Executive may terminate his employment with the Company for good reason, as defined in the following sentence. For purposes of this Agreement, a “Good Reason Termination” means a termination initiated by Executive within 60 days following
the occurrence of any of the following events: (i) a significant reduction in title, duties, or responsibilities that occurs without Executive’s consent (excluding any isolated or inadvertent action not taken in bad faith and which is remedied
by the Company within 10 days after receipt of notice thereof given by Executive); (ii) a reduction in Executive’s targeted total cash compensation opportunity (Base Salary plus target API), or a material reduction in the level of benefits that
are provided to Executive under the LTI Plan, without Executive’s consent (excluding any isolated or inadvertent action not taken in bad faith and which is remedied by the Company within 10 days after receipt of notice thereof given by
Executive, and excluding any adjustment in the level of Executive’s LTI Plan benefits that the Compensation Committee, in its sole discretion, may make in response to changes in the market-competitive levels of executive compensation); or (iii)
a Change in Control occurs, which, for purposes of this Agreement, shall mean (a) the direct or indirect acquisition by any person or entity of any nature whatsoever (an “Acquiring Person”) other than the Company, any subsidiary of the
Company, any employee benefit plan of the Company or a subsidiary of the Company, of securities of the Company representing 50% or more of the combined voting power of the Company, such that such person becomes a “beneficial owner” (as
defined in Rule 13d-3 under the Exchange Act) of the Company; or (b) the approval by the shareholders of the Company of a merger or a consolidation of the Company with any other person (or, if no such approval is required, the consummation of such a
merger or consolidation of the Company), other than a merger or consolidation that would result in the stock of the Company outstanding immediately before the consummation thereof continuing to represent a majority of the combined voting power of
the surviving entity outstanding immediately after such merger or consolidation; or (c) the approval by the shareholders of the Company of a plan of complete liquidation of the Company or an agreement for the sale or distribution by the Company of
all or substantially all of the Company’s assets (or, if no such approval is required, the consummation of such a liquidation, sale or disposition in one transaction or a series of related transactions), other than a liquidation, sale or
disposition of all or substantially all of the Company’s assets in one transaction or a series of related transactions to a corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as
their ownership of the stock of the Company. 
  
 E. Involuntary
Termination: The Board may, at any time, terminate Executive’s employment with the Company without cause through an Involuntary Termination. An “Involuntary Termination” is any termination of Executive’s employment by the
Board that does not meet the definition of a For Cause Termination, a Performance Termination or a termination under Section 4(A) of this Agreement because of Executive’s Disability or death. 
  
 F. Voluntary Termination; Retirement: A “Voluntary
Termination” is any resignation of employment by Executive that does not qualify as a Good Reason Termination. 
  
 G. Notice of Termination: Any termination occurring according to the terms of this Section (other than by reason of Executive’s death) shall
be communicated by a Notice of Termination to the other Party given in accordance with Section 12 of this Agreement. For 

 
purposes of this Agreement, a “Notice of Termination” means a written notice which, (i) indicates the specific termination provision relied upon;
(ii) sets forth in reasonable detail the facts and circumstances claimed to provide a basis for the termination; and, (iii) specifies the Date of Termination. The failure of Executive or the Company to set forth in the Notice of Termination any fact
or circumstance that contributes to a showing of the basis for termination shall not waive any right of such Party hereunder or preclude such Party from asserting such fact or circumstance in enforcing its rights hereunder. 
  
 H. Date of Termination: “Date of Termination” means the date
of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that if Executive’s employment is terminated by reasons of death or Disability, the Date of Termination shall be the date of
death of Executive or the Disability Effective Date, as the case may be. 
  
 5. Obligations of the Company in the event of Termination: 
  
 A. For Cause Termination: 
  
 (1). If Executive’s employment is terminated as a result of a For Cause Termination, Executive will receive the following:

  
 (a). Payment of any unpaid Base Salary
through the Date of Termination; 
  
 (b).
Payment for any vacation time accrued and unused as of the Date of Termination, pursuant to Company policy; and, 
  
 (c). Executive’s ability to exercise any awards granted to him under the Stock Option Plan or the Performance Share Plan will be
governed by the applicable plan documents and any award agreements issued under either plan. 
  
 (2). Unless specifically indicated elsewhere in this Section, coverage under all 7-Eleven benefit plans and programs (including, without
limitation, API, Profit Sharing, Supplemental Executive Retirement Program, Long-Term Disability, Short-Term Disability, Accidental Death and Dismemberment, Executive Protection Plan, Executive Physical Plan, and car allowance) will terminate as of
the Date of Termination except to the extent expressly provided in such plans or programs. 
  
 B. Involuntary and Good Reason Termination: 
  
 (1). If Executive’s employment is terminated as a result of a Good Reason Termination or an Involuntary Termination, Executive will
receive the following: 
  
 (a). Payment of any
unpaid Base Salary through the Date of Termination; 
  
 (b). Payment for any vacation time accrued and unused as of the Date of Termination, pursuant to Company policy; 
  
 (c). The Company will continue to pay Executive’s Base Salary for a period of three years from the Date of Termination. The Base
Salary amount to be paid during this period will be the same amount of Base Salary being earned by Executive immediately prior to the Date of Termination, and the amount referenced in this sub-paragraph will be paid in the same manner that the
Company pays Base Salary to its other executives (although the Compensation Committee retains sole discretion to determine the manner in which it will make this payment to Executive, which may include, without limitation, a lump sum payment of all
sums owed hereunder); 

 (d). Payment of 100 percent of Executive’s API target potential for the year in
which the termination occurs, and for two years thereafter, to be paid at the same time and in the same manner as API payments are made to other API-eligible employees; 
  
 (e). Payment of an amount equal to the executive car allowance that would have been paid to Executive for
the balance of the year in which the termination occurs; 
  
 (f). If Executive is otherwise eligible for retiree medical coverage, beginning the day after the Date of Termination, Executive and his eligible dependents shall receive retiree medical and dental coverage under the
7-Eleven, Inc. Comprehensive Welfare Benefits Plan (the “Benefits Plan”), subject to (i) Executive’s timely payment of all applicable monthly retiree medical and dental premiums to 7-Eleven’s Group Insurance Department in the
same manner as other covered retirees; and (ii) the terms and conditions contained in the applicable plan document. Provided that Executive remains covered under the Benefits Plan, for the period of time during which the Company continues to pay
Executive’s Base Salary, the Company will make annual payments to Executive, the net amount of which will be equal to the cost of retiree medical and dental coverage for Executive and his covered dependents, less an amount equal to the premiums
that would be charged to an active employee of the Company for comparable coverage. Each annual payment made under this paragraph will reimburse Executive only for those months in that given year that are included in the continuation period
described above. The Company’s obligation to make any further payment under this subparagraph (f) will immediately terminate if Executive becomes covered under a subsequent employer’s medical plan at any time during the relevant three-year
period; 
  
 (g). If Executive is not eligible
for retiree medical coverage, Executive may elect to continue his medical coverage for a period of 18 months as permitted by the Consolidated Omnibus Budget Reconciliation Act, as amended (“COBRA”), subject to (i) Executive’s timely
payment of all applicable monthly premiums in the same manner as other employees with COBRA coverage; and (ii) the terms and conditions contained in the applicable plan document. Provided that Executive continues his COBRA coverage, for a period of
18 months from the Date of Termination, the Company will make an annual payment to Executive, the net amount of which will be equal to the cost of COBRA coverage for Executive and his covered dependents, less an amount equal to the premiums that
would be charged to an active employee of the Company for comparable coverage. Each annual payment made under this paragraph will reimburse Executive only for those months in that given year that are included in the 18-month period described above.
The Company’s obligation to make any further payment under this subparagraph (g) will immediately terminate if Executive becomes covered under a subsequent employer’s medical plan at any time during the relevant 18-month period;

  
 (h). Under the Company’s Executive
Protection Plan (the “EPP”), the Retirement Income Benefit is calculated based on Executive’s age at the Date of Termination. For purposes of this subparagraph (g) only, for every two years of service with the Company at the Date of
Termination, an additional year will be added to Executive’s age at the Date of Termination for purposes of calculating the amount of Executive’s Retirement Income Benefit, up to a maximum of five years of additional age credit; and

 (i). The Company will provide outplacement services to Executive, at the Company’s
cost, to be rendered by an agency located in the area where Executive is domiciled that Executive may select from the Company’s approved list of providers. In order to receive such outplacement services at the Company’s expense, Executive
must begin using the outplacement program within 180 days following the Date of Termination. Outplacement services will be provided to Executive for a maximum of 12 months at the Company’s expense. 
  
 (2). With regard to any stock-based awards issued under the
Stock Option Plan or the Performance Share Plan: 
  
 (a) If Executive is eligible for Early Retirement or Normal Retirement as defined in the applicable plan document(s) or any award agreement(s) issued thereunder, the terms of the plan document(s) and award agreement(s) will apply.

  
 (b) If Executive is not eligible for Early
Retirement or Normal Retirement as defined in the applicable plan document(s) or any award agreement(s) issued thereunder, notwithstanding any language in the Stock Option Plan, the Performance Share Plan or any applicable award agreements to the
contrary, the following rules will apply: 
  
 (i) For Options, vested Options will be governed by the terms of the Stock Option Plan, but with regard to Options that are not vested as of the Date of Termination, 50 percent of those unvested Options will immediately vest, and Executive
will be permitted to exercise those Options until the earlier of (1) the 60th day following the Date of Termination
or (2) the expiration of the Option term, after which time the Options will lapse; and 
  
 (ii) For any Restricted Stock Units that are the subject of an award agreement issued under the Performance Share Plan, Executive will
receive Restricted Stock Units equal to 50 percent of the prorated share of the Long-Term Incentive that may be awarded based on the percentage of the Performance Period during which Executive was employed by the Company. Any such units shall be
awarded at the same time and in the same manner as other eligible executives receive their awards. 
  
 (4). Except to the extent specifically indicated elsewhere in this Section, coverage under all 7-Eleven benefit plans and programs
(including, without limitation, Profit Sharing, Supplemental Executive Retirement Program, Long-Term Disability, Short-Term Disability, Accidental Death and Dismemberment, Executive Protection Plan, and Executive Physical Plan) will terminate as of
the Date of Termination except to the extent expressly provided in such plans or programs. 

 C. Performance Termination: 
  
 (1). If Executive’s employment is terminated because of a Performance Termination, Executive will
receive the following: 
  
 (a). Payment of any
unpaid Base Salary through the Date of Termination; 
  
 (b). Payment for any vacation time accrued and unused as of the Date of Termination, pursuant to Company policy; 
  
 (c). The Company will continue to pay Executive’s Base Salary for a period of six months from the Date of Termination. The
Base Salary amount to be paid during this period will be the same amount of Base Salary being earned by Executive immediately prior to the Date of Termination, and the amount referenced in this sub-paragraph will be paid in the same manner that the
Company pays Base Salary to its other executives (although the Compensation Committee retains sole discretion to determine the manner in which it will make this payment to Executive, which may include, without limitation, a lump sum payment of all
sums owed hereunder); 
  
 (d). If Executive is
otherwise eligible for retiree medical coverage, beginning the day after the Date of Termination, Executive and his eligible dependents shall receive retiree medical and dental coverage under the Benefits Plan, subject to (i) Executive’s timely
payment of all applicable monthly retiree medical and dental premiums to 7-Eleven’s Group Insurance Department in the same manner as other covered retirees; and (ii) the terms and conditions contained in the applicable plan document. Provided
that Executive remains covered under the Benefits Plan for the first six months following the Date of Termination, the Company will make a payment to Executive, the net amount of which will be equal to the cost of retiree medical and dental coverage
for Executive and his covered dependents, less an amount equal to the premiums that would be charged to an active employee of the Company for comparable coverage for that six-month period. The Company’s obligation to make any further payment
under this subparagraph (d) will be extinguished should Executive obtain medical coverage under a subsequent employer’s benefits plan at any time during the relevant six-month period. 
  
 (e). If Executive is not eligible for retiree medical
coverage, Executive may elect to continue his medical coverage as permitted by the Consolidated Omnibus Budget Reconciliation Act, as amended (“COBRA”), subject to (i) Executive’s timely payment of all applicable monthly premiums in
the same manner as other employees with COBRA coverage; and (ii) the terms and conditions contained in the applicable plan document. Provided that Executive continues his COBRA coverage, for a period of six months from the Date of Termination, the
Company will make a payment to Executive, the net amount of which will be equal to the cost of COBRA coverage for Executive and his covered dependents, less an amount equal to the premiums that would be charged to an active employee of the Company
for comparable coverage. The Company’s obligation to make any further payment under this subparagraph (e) will immediately terminate if Executive becomes covered under a subsequent employer’s medical plan at any time during the relevant
six-month period. 

 (2). Executive’s rights with regard to any stock-based awards issued under the Stock
Option Plan or the Performance Share Plan will be governed by the terms of the applicable plan documents and any award agreements issued thereunder. 
  
 (3). Except to the extent specifically indicated elsewhere in this Section, coverage under all 7-Eleven benefit plans and programs
(including, without limitation, API, Profit Sharing, Supplemental Executive Retirement Program, Long-Term Disability, Short-Term Disability, Accidental Death and Dismemberment, Executive Protection Plan, Executive Physical Plan, and car allowance)
will terminate as of the Date of Termination except to the extent expressly provided in such plans or programs. 
  
 D. Termination due to Voluntary Termination, Death or Disability: 
  
 (1). If Executive’s employment is terminated because of a Voluntary Termination, death or Disability,
Executive (in the case of a Voluntary Termination or Disability) or Executive’s estate (in the case of death) will receive the following: 
  
 (a). Payment of any unpaid Base Salary through the Date of Termination; 
  
 (b). Payment for any vacation time unused as of the Date of Termination, pursuant to Company policy; and,

  
 (c) Any other benefit that the Compensation
Committee may, in its sole discretion, choose to provide. 
  
 (2). Any stock-based awards issued under the Stock Option Plan or the Performance Share Plan will be governed by the terms of the applicable plan documents and any award agreements issued thereunder. 
  
 (3). Coverage under all 7-Eleven benefit plans and programs
(including, without limitation, API, Profit Sharing, Supplemental Executive Retirement Program, Long-Term Disability, Short-Term Disability, Accidental Death and Dismemberment, Executive Protection Plan, Executive Physical Plan, and car allowance)
will terminate as of the Date of Termination except to the extent expressly provided in such plans or programs. 
  
 E. Deferral of Certain Payments and Benefits 
  
 Notwithstanding any provision in this Agreement to the contrary, if the payment of any amount or the provision of any benefit under this
Agreement would be subject to additional taxes and/or interest under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), if paid or provided at the time otherwise provided herein, then the payment of such amount or
the provision of such benefit shall be deferred to the extent required to avoid such additional taxes and interest. 
  
 6. Gross-Up For Certain Taxes. In the event that any payments to Executive pursuant to this Agreement or any payment received by Executive or paid
by the Company on Executive’s behalf is treated as contingent on a change of ownership or control of the Company or in the ownership of a substantial portion of the assets of the Company or any person affiliated with the Company (but only if
such payment or other benefit is in connection with Executive’s employment relationship with the Company) (collectively, the “Total Value”) shall result in 

 
Executive becoming liable for the payment of any excise taxes pursuant to section 4999 of the Code (“Excise Tax”), Executive shall be entitled to
an additional payment equal to the amount of any Excise Tax payable by Executive pursuant to section 4999 of the Code as a result of such payments plus all federal, state and local taxes applicable to the Company’s payment of such Excise Tax,
including any additional taxes due under section 4999 of the Code with respect to payments made pursuant to this provision. Calculations for these purposes shall assume the highest marginal rate applicable at the time of calculation. The intent of
this Section 6 is to provide that the Company shall pay Executive an additional amount (the “Gross-Up Payment”) such that the net amount retained by Executive after deduction: (i) of any Excise Tax imposed on the Total Value; and (ii) of
any excise tax, federal, state or local income, payroll, and/or other taxes, imposed on the Gross-Up Payment, shall equal the Total Value. 
  
 If Executive determines that Executive is liable for an Excise Tax with respect to a payment or other benefit, Executive must promptly so notify the Company in writing.
Upon receipt of such notice from Executive, the Company must, within twenty (20) days thereafter, either (a) notify Executive, in writing, that the Company agrees with Executive’s determination of Excise Tax liability, in which case the Company
shall become obligated to immediately pay to Executive the Gross-Up Payment, or (b) submit to Executive an opinion, prepared by counsel of the Company’s choice which counsel is reasonably satisfactory to Executive, that Executive is not liable
for the Excise Tax (the “Tax Opinion”). If the Tax Opinion is provided to Executive and Executive nevertheless chooses not to contest the assertion of the Excise Tax, the Company shall be relieved of its obligation to make the Gross-Up
Payment specified hereunder. If Executive chooses to contest the assertion of the Excise Tax after receipt of the Tax Opinion, Executive may do so with counsel of Executive’s choice that is reasonably satisfactory to the Company and the
reasonable legal fees and expenses of such contest shall be paid by the Company, on a monthly basis, subject to the Company’s receipt of proper documentation therefore. If the Excise Tax is so contested with such counsel but such contest is not
successful, then the Company shall pay to Executive the Gross-Up Payment upon the earlier of ten (10) days after (1) the entry of a final judgment, decree, or other order by a court of competent jurisdiction that Executive is liable for the Excise
Tax, or (2) a mutual determination of Executive and the Company not to proceed further with the contest. The Company also shall reimburse Executive at that time for any penalties and interest attributable to any delay in payment of the Excise Tax
that results from a decision by Executive not to pay the Excise Tax liability based upon the Tax Opinion or a decision by the Company not to pay the Excise Tax due to the Tax Opinion. 
  
 7. Going Private. In the event the Company completes a transaction that results in the Company “Going
Private,” as defined below, Executive may elect to resign his position after giving 30 days’ written notice to the Company, at which time Executive shall receive the separation benefits outlined in Section 5(B) of this Agreement. In
order to receive the benefits described in this paragraph, Executive must give his resignation notice to the Company within 60 days following the completion of the Going Private transaction. For the purposes of this Agreement, the term “Going
Private” shall include any transaction that results in the occurrence of any of the following events: (i) the Company’s common stock is no longer listed on any national securities exchange or quoted on the Nasdaq National Market or other
securities quotation system; (ii) the Company is no longer subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act; or (iii) the Company becomes subject to Rule 13e-3 under the Exchange Act. 

 8. Ownership and Protection of Information. 
  
 A. Disclosure to Executive. The Company shall disclose to Executive,
or place Executive in a position to have access to or develop, trade secrets or confidential information of the Company and its subsidiaries and affiliates (collectively, the “Related Parties”); and/or shall entrust Executive with business
opportunities of the Related Parties; and/or shall place Executive in a position to develop business good will on behalf of the Related Parties. 
  
 B. Property of the Company. All information, ideas, concepts, improvements, discoveries, and inventions, whether patentable or not, which are
conceived, made, developed or acquired by Executive, individually or in conjunction with others, during Executive’s employment by the Company (whether during business hours or otherwise and whether on Company’s premises or otherwise) which
relate to the business, products or services of the Related Parties (including, without limitation, all such information relating to corporate opportunities, research, financial and sales data, pricing, evaluations, opinions, interpretations,
acquisition prospects, the identity of customers, vendors or their requirements, the identity of key contacts within the customer’s organizations or within the organization of acquisition prospects, or marketing and merchandising techniques,
prospective names, and marks) shall be disclosed to the Company and are and shall be the sole and exclusive property of the Related Parties. Moreover, all documents, drawings, memoranda, notes, records, files, correspondence, manuals, models,
specifications, computer programs, E-mail, voice mail, electronic databases, maps and all other writings or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries, and inventions are and shall be the sole
and exclusive property of the Related Parties. Upon Executive’s termination of employment for any reason, Executive shall deliver the same, and all copies thereof, to the Company. 
  
 C. Ownership by the Related Parties. If, during Executive’s
employment by the Company, Executive creates any original work of authorship fixed in any tangible medium of expression which is the subject matter of copyright (such as videotapes, written presentations on acquisitions, computer programs, drawings,
maps, architectural renditions, models, manuals, brochures, or the like) relating to the business, products, or services of the Related Parties, whether such work is created solely by Executive or jointly with others (whether during business hours
or otherwise and whether on the Company’s premises or otherwise), Executive shall disclose such work to the Company. The Company shall be deemed the author of such work if the work is prepared by Executive in the scope of Executive’s
employment; or, if the work is not prepared by Executive within the scope of Executive’s employment but is specially ordered by the Company or another Related Party as a contribution to a collective work, as a part of a motion picture or other
audiovisual work, as a translation, as a supplementary work, as a compilation, or as an instructional text, then the work shall be considered to be work made for hire and the Company or another Related Party shall be the author of the work. If such
work is neither prepared by Executive within the scope of Executive’s employment nor a work specially ordered and is deemed to be a work made for hire, then Executive hereby agrees to assign, and by these presents does assign, to the Company
all of Executive’s worldwide right, title, and interest in and to such work and all rights of copyright therein. 
  
 D. No Unauthorized Use or Disclosure. Executive acknowledges that the business of the Related Parties is highly competitive and that their
strategies, methods, books, records, and documents, their technical information concerning their products, equipment, services, and processes, procurement procedures and pricing techniques, the names of and 

 
other information (such as credit and financial data) concerning their customers and business affiliates, all comprise confidential business information and
trade secrets which are valuable, special, and unique assets which the Related Parties use in their business to obtain a competitive advantage over their competitors. Executive further acknowledges that protection of such confidential business
information and trade secrets against unauthorized disclosure and use is of critical importance to the Related Parties in maintaining their competitive position. Executive hereby agrees that Executive will not, at any time during or after
Executive’s employment by the Company, make any unauthorized disclosure of any confidential business information or trade secrets of the Related Parties, or make any use thereof, except in the carrying out of Executive’s employment
responsibilities hereunder. The Related Parties (other than the Company, which is a direct beneficiary of this Agreement) shall be third party beneficiaries of Executive’s obligations under this Section 8. As a result of Executive’s
employment by the Company, Executive may also from time to time have access to, or knowledge of, confidential business information or trade secrets of third parties, such as customers, suppliers, partners, joint venturers, and the like, of the
Related Parties. Executive also agrees to preserve and protect the confidentiality of such third party confidential information and trade secrets to the same extent, and on the same basis, as the confidential business information and trade secrets
of the Related Parties. These obligations of confidence apply irrespective of whether the information has been reduced to a tangible medium of expression (e.g., is only maintained in the minds of the Company’s employees) and, if it has
been reduced to a tangible medium, irrespective of the form or medium in which the information is embodied (e.g., documents, drawings, memoranda, notes, records, files, correspondence, manuals, models, specifications, computer programs,
E-mail, voice mail, electronic databases, maps and all other writings or materials of any type). 
  
 E. Assistance by Executive. Both during the period of Executive’s employment by the Company and thereafter, Executive shall assist the
Related Parties and their respective nominees, at any time, in the protection of the Related Parties’ worldwide right, title, and interest in and to information, ideas, concepts, improvements, discoveries, and inventions, and their copyrighted
works, including without limitation, the execution of all formal assignment documents requested by the Related Parties or their respective nominees and the execution of all lawful oaths and applications for applications for patents and registration
of copyright in the United States and foreign countries. 
  
 9.
Non-Competition; Non-Solicitation of Employees; Non-Disparagement. The Company shall disclose to Executive, or place Executive in a position to have access to or develop, trade secrets or confidential information of the Related Parties;
and/or shall entrust Executive with business opportunities of the Related Parties; and/or shall place Executive in a position to develop business good will on behalf of the Related Parties. As part of the consideration for the compensation and
benefits to be paid to Executive hereunder; to protect the trade secrets and confidential information of the Related Parties that have been or will in the future be disclosed or entrusted to Executive, the business good will of the Related Parties
that has been and will in the future be developed in Executive, or the business opportunities that have been and will in the future be disclosed or entrusted to Executive by the Related Parties; and as an additional incentive for the Company to
enter into this Agreement, the Company and Executive agree to the following non-competition, non-solicitation and non-disparagement provisions: 
  
 A. Non-Competition. During the term of Executive’s employment and for a 24-month period following termination of Executive’s
employment for any reason whatsoever, or such longer period as the Company shall continue to pay Executive’s 

 
Base Salary under Section 5 of this Agreement (the “Restricted Period”) Executive shall not, in any geographic area or market where the Company
conducts business, become engaged in, render services to permit Executive’s name to be used in connection with, own, manage, operate, control, be employed by, participate in, consult with or be connected in any manner, whether as an officer,
director, employee, agent, consultant, equity holder (other than as the holder of less than 2 percent of the aggregate outstanding shares of a class of equity securities publicly traded on a national securities exchange or quotation system) or other
capacity with the ownership, management, operation or control of any business or enterprise primarily engaged in the business of convenience retailing. 
  
 B. Non-Solicitation of Employees. Executive agrees that, during the Restricted Period, he shall not directly or indirectly (through a professional
search firm, human resources department, or otherwise) induce, encourage, or otherwise recruit any employee of the Related Parties to accept employment at any company or other entity or induce or attempt to influence, directly or indirectly, any
employee to terminate employment with the Related Parties. 
  
 C.
Non-disparagement. The Parties agree that, during the term of Executive’s employment with the Company and thereafter (including the period following Executive’s termination of employment for any reason): (i) Executive will not make
statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take any action which may, directly or indirectly, disparage the Related Parties or any of their respective officers, directors,
employees, advisors, businesses or reputations; and (ii) the Company will use reasonable efforts to cause the officers of the Company to not make any statements or representations or otherwise communicate, directly or indirectly, in writing, orally,
or otherwise, or take any action which may, directly or indirectly, disparage Executive. Notwithstanding the foregoing, nothing in this Agreement shall preclude (A) either Executive or the Company from making truthful statements or disclosures that
are required by applicable law, regulation or legal process, or (B) Executive, during the term of Executive’s employment with the Company, from making truthful statements or disclosures to any director, employee, consultant, professional
advisor or other third party representative of the Company, in each case having a need to know, which disclosures are reasonably necessary for Executive to perform his duties as the President and Chief Executive Officer of the Company. 

 
 D. Irreparable Injury. Executive agrees that any material breach of
the terms in Sections 8 and 9 of this Agreement would result in irreparable injury and damage to the Company for which the Company would have no adequate remedy at law. Executive further agrees that in the event of said material breach or any
reasonable threat of material breach, the Company shall have the right to terminate payment of any continuing payment obligations it may have under the terms of this Agreement or otherwise, and shall be entitled to enforce the provisions of Sections
8 and 9 of this Agreement through specific performance, immediate injunctive relief and restraining order to prevent such material breach or threatened material breach. The terms of this subparagraph 9(D) shall not prevent the Company from pursuing
any other available remedies for any breach or threatened breach hereof, including, but not limited to, the recovery of damages. 
  
 E. Reformation. It is expressly understood and agreed that the Company and Executive consider the restrictions contained in Sections 8 and 9 of
this Agreement to be reasonable and necessary to protect the proprietary information of the Related Parties. Nevertheless, should a court or arbitrator determine that any provision of Sections 8 or 9 of this Agreement are unreasonable, or overly
broad as to geographic area or time, or otherwise 

 
unenforceable, the Parties agree that such provision shall be modified by the court or arbitrator so as to be reasonable and enforceable, and as so modified
by the court or arbitrator, to be fully enforced. 
  
 10.
Cooperation. Executive agrees that between the Date of Termination and the date Executive ceases to receive any benefit under this Agreement, Executive shall cooperate with the Company, upon the Company’s reasonable request (and only to
the extent that such cooperation does not interfere with Executive’s other business and personal obligations), if Executive’s assistance should be needed in connection with (i) any legal matters in which the Company is, or may become,
involved, or (ii) the transfer of knowledge or information regarding 7-Eleven’s operations or other issues with which Executive was involved during his employment. Such cooperation is an integral part of this Agreement, and Executive shall not
be entitled to any further compensation for such cooperation; however, the Company will reimburse any reasonable expenses Executive may incur in connection with such cooperation. 
  
 11. Indemnification; Directors’ and Officers’ Liability Insurance. As provided in the Company’s
Bylaws, the Company shall indemnify Executive to the full extent permitted by the Texas Business Corporation Act in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, arbitrative
or investigative, by reason of Executive’s service as an officer or director of the Company. In addition, the Company agrees to continue and maintain a directors’ and officers’ liability insurance policy or policies covering Executive
to the same extent that the Company provides such coverage for its other executive officers and directors. 
  
 12. Notices. Any and all notices required or permitted under this Agreement shall be in writing and shall be personally delivered or mailed by
expedited delivery service or certified or registered mail, return receipt requested, first-class postage prepaid, or sent by facsimile (provided that the sender confirms the facsimile by sending an original confirmation copy thereof by certified or
registered mail or expedited delivery service within two business days after transmission thereof) to the respective Parties at the following addresses unless and until a different address has been designated by written notice to the other Party:

  
 Notices to 7-Eleven: 
  
 7-Eleven, Inc. 
 Legal Department 
 Attn.: General Counsel 
 2711 N. Haskell Ave. 
 Dallas, TX 75204 
 Facsimile No. (214) 841-6574 
  
 Notices to Executive:

  
 James W. Keyes 
 [Address] 
 [Facsimile No.] 
  
 Any notice shall be deemed to have been given at the
time of personal delivery or, in the case of facsimile, upon transmission (provided confirmation is sent as described above) or, in the case of expedited delivery service or registered or certified mail, three business days after the date and time
of mailing. 

 13. Arbitration. 
  
 A. Except as provided in Section 13B hereof, any and all claims, demands, causes of action, disputes, controversies, and
other matters in question arising out of or relating to this Agreement, any provision hereof, the alleged breach thereof, or in any way relating to the subject matter of this Agreement, involving the Company, Executive, and/or their respective
representatives, even though some or all of such claims allegedly are extracontractual in nature, whether such claims sound in contract, tort, or otherwise, at law or in equity, under state or federal law, whether provided by statute or the common
law, for damages or any other relief, shall be determined and finally settled by binding arbitration in the City of Dallas, Texas, in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association then in effect, and
judgment upon the award rendered by the arbitrator may be entered in any court of competent jurisdiction, although the filing of such an award in any court is not meant to confer any right of appeal or impact the finality of such an award in any
way. The arbitrator shall have no power to modify any of the provisions of this Agreement, and his or her jurisdiction is limited accordingly. A Party requesting arbitration hereunder shall give 10 days’ written notice to the other Party to
request such arbitration. Unless the arbitrator decides otherwise, the successful Party in any such arbitration shall be entitled to reasonable attorneys’ fees and costs associated with such arbitration. If the Parties cannot agree upon an
arbitrator, then one shall be appointed by the governing office of the American Arbitration Association. Any arbitrator so appointed shall have extensive experience in a profession connected with the subject matter of the dispute. Whenever any
action is required to be taken under this Agreement within a specified period of time and the taking of such action is materially affected by a matter submitted to arbitration, such period shall automatically be extended by the number of days plus
10 that are taken for the determination of that matter by the arbitrator. The arbitrator’s decision shall be final and nonappealable to the maximum extent permitted by law. This agreement to arbitrate shall be enforceable in either federal or
state court. The enforcement of this agreement to arbitrate and all procedural aspects of this agreement to arbitrate, including but not limited to, the construction and interpretation of this agreement to arbitrate, the issues subject to
arbitration (i.e., arbitrability), the scope of the arbitrable issues, allegations of waiver, delay or defenses to arbitrability, and the rules governing the conduct of the arbitration, shall be governed by and construed pursuant to the Federal
Arbitration Act and shall be decided by the arbitrator. In deciding the substance of any such claims, the arbitrator shall apply the substantive laws of the State of Texas (excluding Texas choice-of-law principles that might call for the application
of some other State’s law), and Texas arbitral law, e.g. Chapter 171 of the Texas Civil Practice & Remedies Code, shall not apply. 
  
 B. Relief in Court. Notwithstanding the agreement to arbitrate contained in Section 13A, in the event that either Party wishes to seek a temporary
restraining order, a preliminary or temporary injunction, or other injunctive relief in connection with any or all such claims, demands, cause of action, disputes, controversies, and other matters in question arising out of or relating to this
Agreement, any provision hereof, the alleged breach thereof, or in any way relating to the subject matter of this Agreement, involving the Company, Executive, and/or their respective representatives, even though some or all of such claims allegedly
are extracontractual in nature, whether such claims sound in contract, tort, or otherwise, at law or in equity, under state or federal law, whether provided by statute or the common law, for damages or any other relief, each Party shall have the
right to pursue such injunctive relief in court, rather than by arbitration. The Parties agree that such action for a temporary restraining order, a preliminary or temporary injunction, or other injunctive relief may be brought in the state or
federal courts residing in the City of Dallas, Texas, or in any other forum in which jurisdiction is appropriate. 

 14. Miscellaneous. 
  
 A. Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
Texas, without reference to principles of conflict of laws, except that Texas arbitral law, e.g. Chapter 171 of the Texas Civil Practice & Remedies Code, shall not apply. 
  
 B. Captions. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect.

  
 C. Capitalized Terms. Capitalized terms used in this
Agreement but not otherwise defined herein shall have the meaning given to them in The 7-Eleven, Inc. 1995 Stock Incentive Plan or the applicable award agreement. 
  
 D. Actions by the Board. Any and all determinations or other actions required of the Board hereunder that relate
specifically to Executive’s employment by the Company or the terms and conditions of such employment shall be made by the members of the Board other than Executive, and Executive shall not have any right to vote or decide upon any such matter.
If any determination or other action required of the Board hereunder requires that such determination or other action be taken by a majority, specified number or specified percentage of the Board, then such majority, number or percentage shall be
determined as if Executive was not a member of the Board. 
  
 E.
Entire Agreement. This Agreement contains the entire agreement between Executive and the Company with regard to the Company’s employment of Executive and supersedes and nullifies all previous agreements between the Parties about the
Company’s employment of Executive. 
  
 F. Amendment.
No change, amendment or modification of this Agreement shall be valid unless the same is in writing, and is (i) agreed to by the Compensation Committee and Executive, and (ii) signed by both the Company and Executive. 
  
 G. Invalid Provision; Language Construction. Whenever possible, each
provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule
in any jurisdiction, such invalidity, illegality or unenforceability will not affect any provision in any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein except that any court having jurisdiction shall have the power to reduce the duration, area or scope of such invalid, illegal or unenforceable provision and, its reduced form, it shall be
enforceable. It is the intent of the Parties that the provisions of this Agreement be enforceable to the fullest extent permitted by applicable law. The Parties agree that the language of all parts of this Agreement shall in all cases be construed
as a whole, according to its fair meaning, and not strictly for or against either Party. 
  
 H. No Assignment. This Agreement is personal to Executive and, without prior written consent of the Company, shall not be assignable by Executive otherwise than by will or the laws of descent and distribution.

 I. Withholding. The Company may withhold from any amounts payable under this Agreement such
federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
  
 J. Waiver. The Company’s or Executive’s failure to insist on strict compliance with any provision of this Agreement shall not be deemed
to be a waiver of such provision or any other provision of this Agreement. 
  
 K. Remedies. The Parties shall be entitled to enforce their respective rights under this Agreement specifically, to recover damages (including without limitation, reasonable fees and expenses of counsel) by
reason of any breach of any provision of this Agreement and to exercise all other rights existing in their respective favor. The Parties agree and acknowledge that monetary damages may not be an adequate remedy for any breach or threatened breach of
the provisions of this Agreement and that any Party may in its respective sole discretion apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive relief in order to enforce or prevent any violation of
the provisions of this Agreement. Such injunction or decree shall be available without the posting of any bond or other security. 
  
 L. Deemed Resignations. Any termination of Executive’s employment with the Company shall constitute an automatic resignation of Executive as
an officer of the Company and each affiliate of the Company, and an automatic resignation of Executive from the Board (if applicable) and from the board of directors of any affiliate of the Company and from the board of directors or similar
governing body of any corporation, limited liability company or other entity in which the Company or any affiliate holds an equity interest and with respect to which board or similar governing body Executive serves as the Company’s or such
affiliate’s designee or other representative. 
  
 M.
Consultation with Attorney. Executive acknowledges that he has been advised in writing to consult with an attorney before signing this Agreement. 
  
 N. Survival. No termination of Executive’s employment (for whatever reason) shall reduce or terminate Executive’s covenants and
agreements in Sections 8, 9 and 10. 

 O. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to
be an original. 
  
 IN WITNESS WHEREOF, the Parties have executed the Agreement as
of the day and year first shown above. 
  

			
	 /s/ JAMES W. KEYES

	 	 
	James W. Keyes	 	 
		
	7-ELEVEN, INC.	 	Attest:
		
	 /s/ BRYAN F. SMITH, JR.

	 	 /s/ DAVID T. FENTON

	Bryan F. Smith, Jr.	 	Assistant Secretary
	Executive Vice President, General Counsel and Secretary

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