Follett Higher Education Group, LLC at Triton College

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This document is the Fifth Addendum to a Bookstore Operating Agreement between Triton College and Follett Higher Education Group, Inc. It extends the contract term from July 1, 2018, to June 30, 2026, for a total of eight years. Follett commits to an additional $80,000 capital investment for bookstore ceiling renovations, bringing the total Follett contribution for construction costs to $160,000 as part of a larger $195,000 improvement fund. The addendum also specifies guaranteed annual income payments to Triton College: $216,000 for the first year, $190,000 for the second, and $175,000 for years three through eight of the extended term.

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This Amendment #1 modifies the Bookstore Operating Agreement dated February 22, 2019, between Stanly Community College and Follett Higher Education Group, LLC. Effective May 1, 2024, the agreement's term is extended until April 30, 2029, with automatic annual renewals. The commission structure is also revised, with Follett paying the School 12.10% on commissionable sales up to $695,000 and 13.10% on sales exceeding $695,000.

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This Fourth Amendment to the Bookstore Operating Agreement between Cypress College and Follett Higher Education Group, LLC, effective March 8, 2022, extends the agreement term from July 1, 2021, to June 30, 2026. Key amendments include Follett providing a $200,000 Account Receivable for an Inclusive Access program and $10,000 annually for textbook scholarships. Additionally, the amendment adjusts the percentage of net sales for Follett's compensation based on sales tiers, reflecting the impact of the pandemic.

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This Virtual Bookstore Operating Agreement outlines the terms for Follett Higher Education Group, LLC to operate a virtual store for Laredo College. The agreement details the responsibilities of both parties regarding store operations, course materials management, pricing, promotions, and a commission-based payment structure from Follett to the School. The initial term is from May 1, 2025, to April 30, 2030, with provisions for automatic annual renewals and early termination.