Owner Agreement

For the purpose of facilitating access to consumer goods by providing necessary funds for Chicago Market’s proposed retail grocery store, and to acquire a Founding Ownership interest in Chicago Market, I hereby purchase an Ownership interest for $250.00.

The Ownership interest hereby purchased is intended to confer the right to purchase consumer goods and services at Owner prices and to participate in the governance of Chicago Market in accordance with its bylaws. The Ownership interest hereby will entitle the holder to no dividends or other monetary return, will be nontransferable except to Chicago Market, will be redeemable only in limited circumstances in accordance with the bylaws of Chicago Market, and will be subject to other terms and conditions in Chicago Market’s bylaws.

The Owner is responsible for keeping their share in "good standing" by continuing to make payments on schedule. Not making payments on schedule is defined as missing two payments in a row, with the Co-op making reasonable efforts to contact the Owner to update the method of payment. Ownership in good standing confers all privileges and responsibilities of Ownership.

The funds remitted hereby are intended to be used to fund the development of Chicago Market, including the securing of additional financing to Chicago Market. All such funds are subject to the risks inherent in any start-up enterprise of this character and may result in the loss of part or all of such funds. Persons who cannot afford to incur such losses should not purchase Ownership interests in Chicago Market.

CONTINUE