WHEREAS PUGET SOUND FOOD HUB COOPERATIVE. (hereinafter “Food Hub”) has incorporated as a cooperative association under the laws of the State of Washington for the purpose of facilitating the sale of agricultural products produced by its members through marketing, aggregation, and distribution of the same; and
WHEREAS the undersigned (hereinafter “Subscriber”) seeks to become a member of Food Hub for the purpose of participating in the said system of cooperative marketing, aggregation and distribution as to Subscriber’s agricultural products, and
WHEREAS Subscriber is willing to acquire one share of common stock in Food Hub required to become a member of Food Hub on the terms and conditions set forth below;
IT IS AGREED as follows:
1. Subscriber will acquire one share of common stock in the Food Hub for the price of One Thousand Dollars ($1000.00). Upon payment of the purchase price in full, Subscriber shall be entitled to one non-cumulative vote in the affairs of the Food Hub as provided in its governing documents. The common stock is refundable, should Subscriber withdraw as a member of the Food Hub. Subscriber will also pay annual member dues of $150 per year, non-refundable, due before the annual meeting in January.
2. Subscriber has received and reviewed the Food Hub “Guide for Producers”, (“The Guide”) the provisions of which are incorporated herein by this reference, and agrees that it will comply with the provisions and requirements of the same, as well as other requirements established by the Board of Directors of the Food Hub for its members.
3. As a further condition of this Subscription, at the time subscriber signs and submits this Subscription Agreement, Subscriber shall also submit to Food Hub a signed copy of the “Farmer and Rancher Commitment Form”.