Subscription
 

Spring Share Subscription Agreement

For the sum of ___________________________ HappyHill SpringWorks hereby agrees to sell _____share(s) of its Artesian Spring located in Chatham County, NC to_________________________.  This share #____________ entitles the shareholder to receive_________gallons of artesian spring water each month from the spring.  After the three month introductory period in which the stewardship fee is paid in monthly payments, the shareholder hereby covenants and agrees to pay the stewardship fee in quarterly installments of____________________________________to HappyHill SpringWorks to function as a steward of the spring.  The quarterly installments must be received by the beginning of the quarter (July, August, Sept. due end of June etc.).  It is agreed that if the shareholder fails to make the quarterly stewardship fee under the subscription agreement the share will revert to the Spring Purchase Agreement and any water received must be purchased at the current per gallon purchase price.  It is agreed that the shareholder will not sell or offer to sell any of this water, but will use it for their own personal household use.  It is agreed that the shareholder can not sell or transfer this share to anyone else by any means.  Should the shareholder ever wish to leave the spring share agreement, they agree to sell their share back to HappyHill SpringWorks for the original purchase price stated above.   HappyHill SpringWorks will deliver the water, but only in 3 gallon containers (with a handle) owned by the shareholder to a specified drop off/pick up location.  For this agreement, the specified drop off/pick up location, day, and time is:_______________________________________________________________.  It is further understood that this artesian spring water is as it comes from the ground, it has not been approved by any state or federal agency nor does HappyHill SpringWorks intend to seek such approval in the future.    All water, after it is pumped from the artesian spring catch basin, passes through an ultraviolet light sterilization unit.  Should the shareholder at any time wish to terminate the spring share agreement they can do so by sending a written request to HappyHill SpringWorks at 704 Zeb Ferguson Rd., Siler City, NC 27344 or by email to Tom@happyhillspringworks.com for a full refund of the original share purchase price stated above (minus any fees due).  Likewise, HappyHill SpringWorks can at any time terminate the spring share agreement with or without cause by refunding the original purchase price.

This agreement entered into and signed on this the ____day of_______,20___.

_____________________________                            _____________________________

            Shareholder      Name                                             For HappyHill SpringWorks

_____________________________                                       704 Zeb  Ferguson Rd.

 Street address                                                                         Siler City, NC27344-6631

______________________________                                                                                   

 City                  State                ZIP                             

H____________________C___________

            Phone Numbers Home and Cell

_________________________________

            Email address

Send mail to Tom@happyhillspringworks.com with questions or comments about this web site.