Follett Higher Education Group Inc. at Concord University

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This Bookstore Operating Agreement between Concord University and Follett Higher Education Group, Inc. outlines the operation of a campus store, including online sales. The agreement is effective from December 1, 2021, with an initial term until June 30, 2026, and potential renewals extending to June 30, 2031. Follett commits up to $10,000 for store improvements and an annual $5,000 for textbook scholarships. Follett will pay commissions to the University based on tiered percentages of commissionable sales. The document details general rights and responsibilities, early termination conditions, inventory management, pricing policies, and insurance requirements for both parties. An addendum modifies standard contractual terms.

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This agreement outlines the engagement of Follett Higher Education Group, Inc. by the University of California, Merced, to operate and manage the Campus Bookstore from June 1, 2020, to May 31, 2030. Follett commits to significant store improvements and a signing bonus totaling $615,000, provides annual scholarships, and guarantees a minimum annual commission to the University. The contract details financial terms, operational responsibilities, intellectual property rights, data security, and compliance with various university policies and legal regulations.

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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.

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This Bookstore Operating Agreement establishes the terms for Follett Higher Education Group, Inc. to operate a campus store and website for Southeastern Oklahoma State University (referred to as "School"). The agreement is effective from April 1, 2023, until March 31, 2028, with provisions for automatic one-year renewals. Follett commits to several financial contributions, including up to $50,000 for store improvements, $2,000 annually for textbook scholarships, a one-time $25,000 unrestricted payment, and $25,000 in marketing funds over the five-year term. Follett will also pay commissions to the School based on a tiered structure of sales of course materials and general merchandise.