Page 541 - Aida Hovsepian Onboarding

Pricing formulas for the Products are as follows. The formulas below are for this Addendum’s Term and
Pricing Period timing requirements in this Addendum. The formulas must be updated and submitted via
Microsoft Excel format every time the Co-op and Supplier mutually agree upon a Price change.

If any Product is added that uses a different formula, the parties must agree in writing and the formula
must be housed in this Agreement’s “Exhibits” tab in the CPS.

Pricing Formula

Item Item Market Component Component Component Pricing Notes
Description Number A B C Formula

Product Pricing

(NOTE: if you choose to list specific products and their corresponding FOB in the Exhibit, then you run
the risk of needing to amend the Exhibit each time a new item is added. If possible, it is recommended
that you instead specify the agreement term date range Pricing Period timing requirements in this
Addendum, and make it applicable to all items.)

Brand Product Product FOB FOB UOM Effective D End Date
Code Description ate

Section 6 - Futures/ Hedging/ Booking Terms.

 How will the selling price be established?
 For how long must the selling price be fixed?
 How far in advance must the selling price be determined?
 How far out can the Supplier purchase on behalf of the Co-op?
 What is the process for a Supplier buying futures outside of the contract period?
 How does the Supplier determine how much to purchase on behalf of the Co-op?

Example: The future prices for a particular futures contract month, at the time of trade, will be used to
establish the selling price for a month based on the table below. Prices must be fixed at least [ # ] days
in advance. Supplier has the ability to book futures contracts for [item type] on behalf of the Co-op for a
minimum of [ # ] month(s) in the future, as long as volumes are available in the market. If buy orders are
placed for future contracts beyond the Addendum Term, a “Commitment Agreement for Buys Outside
Contract Period” form must be completed.

Price of [item] is based
If you are buying [item] on the
for the month of: Futures Trading month
of:
January [insert month]
February [insert month]
March [insert month]
April [insert month]
May [insert month]
June [insert month]
July [insert month]
August [insert month]
September [insert month]