Follett Higher Education Group, LLC at Western New Mexico University

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This is a Purchase Order from CNM Central New Mexico Community College to Follett Higher Education Group, LLC for a total of $4,777.84. It references Price Agreement PA200428 / CNSCON-10000024, which is effective through June 30, 2029, and Proforma Invoice 1196710. The order specifies FOB Destination shipping via Ground Shipping with payment due on receipt.

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This Agreement between Central New Mexico Community College (CNM) and Follett Higher Education Group, Inc. (Follett) outlines the terms for Follett to provide retail services and bookstore development and management services at CNM. Key aspects include Follett operating and managing campus bookstores, including a new facility (CNM Marketplace) which involves specific construction contributions from both parties ($1,000,000 from CNM for "White Box" and $1,000,000 from Follett for finish-out). The agreement commences upon the issuance of a Certificate of Occupancy for CNM Marketplace and continues until June 30, 2029, with an existing agreement covering the interim period. Follett will pay CNM a monthly commission based on sales, with a Guaranteed Annual Income of at least $1,025,000 for the first year. The contract details responsibilities, pricing, sales, rentals, systems, insurance, and indemnification.

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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 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.