Trust US Cotton Protocol

Retailer Subscription Contract


This Subscription Contract is made and entered into as of October 30, 2020 (the “Effective Date”) by and between the U.S. Cotton Trust Protocol, LLC, a non-profit limited liability company having a principal office at 7193 Goodlett Farms Parkway, Cordova, Tennessee, 38016 (the “Protocol”) and  (“Subscriber”).  This Subscription Contract supplements the terms of the Membership Agreement (“Agreement”) entered into by and between the Protocol and the Subscriber on October 30, 2020 today's date and to which this Subscription Contract is attached and incorporated therein.  If there is a conflict between the terms of the Agreement and the terms of this Subscription Contract, the terms of the Agreement shall control unless this Subscription Contract expressly states that a specific provision of the Agreement will be superseded by a specific provision of this Subscription Contract.

  1. Services. In consideration of the payments and other commitments described below and in the Agreement, the Protocol agrees to provide access to and use of the Protocol’s website platform as expressly described in the Agreement.
  1. Subscription Period. Unless terminated earlier according to the terms established by the Agreement, this Subscription Contract shall commence on the Effective Date and remain in effect for one (1) year.
  1. Fees.

            (a) General Subscription.  For the Services described in Section 1 (“Services”), the Subscriber agrees to pay the Protocol an annual fee of [$X], payable within ninety (90) days of receipt of invoice, except Subscriber shall not owe any fees for Membership under the Agreement for    the period from the Effective Date of this Subscription Contract or of the Agreement, whichever is earlier, through June 30, 2021.

            (b) Access to Credits.  In addition to the General Subscription, the Subscriber shall pay $[X] or each Credit obtained through access to the Protocol’s Trust Protocol Credit System.

            (c)  First Invoice.  For Membership covering the period from July 1, 2021 through June 30, 2022, Protocol shall submit an invoice no earlier than July 1, 2021, unless Subscriber provides written notice terminating the Agreement no later than June 1, 2021, in the event of which Subscriber   shall owe no fees under the Agreement or this Subscription Contract.

  1. Taxes. The Subscriber is responsible for all federal, state, and/or local taxes that may be incurred by it as a result of this Subscription Contract.
  1. Responsibilities.

            (a) Affirming Commitments Described by the Agreement.  The Subscriber expressly acknowledges and affirms the responsibilities and commitments described by the Agreement.

(b)  Forecast of Demand.  Subscriber agrees to provide to the Protocol a three-year, non-binding forecast of demand for Protocol Equivalent Fiber described in the Agreement; further, Subscriber agrees to provide an updated three-year forecast annually, for each year the Agreement is in effect. The Protocol may use the forecast for its own planning purposes; the Subscriber will not be obligated to satisfy the demand described in the forecast.

(c)  Endorsement of Protocol.  Subscriber and Protocol shall issue a joint press release as soon as practicable following the Effective Date; further, such joint press release shall include a public endorsement by Subscriber of the Protocol; further, the Parties shall post the joint press release on their respective websites and through social media in accordance with the social media practices they customarily engage, respectively, as each deems appropriate.

 

IN WITNESS WHEREOF, the parties have duly executed and delivered this Subscription Contract by their duly authorized representatives effective as of the Effective Date.

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Signed by Marjory Walker
Signed On: September 14, 2020

Trust US Cotton Protocol https://trustuscotton.org
Signature Certificate
Document name: Retailer Subscription Contract
lock iconUnique Document ID: a34156dd9f612b32ac4179fe7322d8151cb83ea7
Timestamp Audit
September 14, 2020 11:19 am CDTRetailer Subscription Contract Uploaded by Marjory Walker - mwalker@cotton.org IP 10.45.11.11
September 14, 2020 11:28 am CDTKen Burton - kburton@cotton.org added by Marjory Walker - mwalker@cotton.org as a CC'd Recipient Ip: 10.45.11.11
September 14, 2020 11:31 am CDTKen Burton - kburton@cotton.org added by Marjory Walker - mwalker@cotton.org as a CC'd Recipient Ip: 10.45.11.11
September 14, 2020 11:37 am CDTKen Burton - kburton@cotton.org added by Marjory Walker - mwalker@cotton.org as a CC'd Recipient Ip: 10.45.11.11
September 14, 2020 11:57 am CDTKen Burton - kburton@cotton.org added by Marjory Walker - mwalker@cotton.org as a CC'd Recipient Ip: 10.45.11.11
September 14, 2020 11:57 am CDTJana Jackins - jjackins@cotton.org added by Marjory Walker - mwalker@cotton.org as a CC'd Recipient Ip: 10.45.11.11