Follett Higher Education Group, LLC at California State University Chico

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This document is Amendment #12 to the Bookstore Operating Agreement between California State University East Bay, Foundation Inc. and Follett Higher Education Group, LLC. The amendment extends the agreement for one year, from July 1, 2025, until June 30, 2026. Key changes include a modification to utility expenses, capping Follett's yearly responsibility at $82,000, the deletion of a fixed management fee, and an adjustment to the commission structure for sales (3% up to $2,000,000 and 6% for sales over $2,000,000).

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This contract establishes an agreement between Virginia State University and Follett Higher Education Group, LLC, for the management and operation of the university bookstore. The services include providing textbooks, course materials, general merchandise, marketing, and various support programs like scholarships and event sponsorships. The contract is effective from March 26, 2024, to March 31, 2029, with options for renewal. Financial terms involve a sign-on bonus, guaranteed minimum commissions, and annual program contributions from Follett.

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This agreement, effective July 1, 2023, for an initial term of five years with three 1-year optional extensions (not exceeding eight years), is between the Trustees of the California State University, acting through Cal Poly Humboldt, and Follett Higher Education Group, LLC. Follett will operate the Cal Poly Humboldt Campus Store, providing all necessary labor, equipment, and materials for store operations at 697 8th St, Arcata, CA, and on campus. The scope of work encompasses comprehensive course materials services, general merchandise sales, customer service, staffing, and technology integration. Key financial components include commission rates on sales, a one-time signing bonus of $50,000, an annual textbook scholarship of $5,000, and an annual donation of $5,000, along with various discounts for faculty, staff, and alumni. The contract also includes detailed general provisions for service acquisitions and supplemental provisions for information technology acquisitions.

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This document comprises two amendments extending and modifying a Bookstore Operating Agreement between Governors State University and Follett Higher Education Group. The First Amendment, effective August 2020, extends the agreement until August 31, 2025, introduces the Follett ACCESS program, and commits Follett to spend up to $30,000 on bookstore improvements. The Second Amendment, effective September 1, 2025, further extends the agreement until August 31, 2028, and includes a one-time payment of $35,000 from Follett to the University for additional store improvements.