Follett Higher Education Group Inc. at California State University East Bay

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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 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 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 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.