Follett Higher Education Group Inc. at University Of California Merced

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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 details the agreement for Follett Higher Education Group, LLC to exclusively manage the Chico State Campus Store, 'Wildcat Store,' for Associated Students of California State University, Chico. The agreement, starting July 1, 2025, has an initial term of five years with an automatic five-year renewal option. Follett will operate the bookstore, including course materials, general merchandise, and e-commerce, and is responsible for staffing, technology, and compliance. Financial terms include commissions on various sales categories, a renovation investment, one-time contributions, and annual scholarship commitments, alongside specific utility and service reimbursements.

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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 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.