Customer Reserve Agreement

Pasture Reserve is a layaway prepayment program offered by Pasture.Food You reserve a quarter, half, or whole beef share, or a Bulk Protein Inventory share, from a participating processor by paying a non refundable reservation deposit. If you choose a multi payment plan, you authorize a series of equal monthly prepayments toward the total purchase price. The processor sets aside inventory and schedules a harvest and production slot. Beef is released to you only after the full purchase price has cleared.

Pasture Reserve is not a loan, not credit, not financing, and not a debt obligation. No money is advanced to you. No interest, no finance charge, and no annual percentage rate is assessed. Pasture is not a lender, not a creditor, not a money transmitter, and not a financial institution. Pasture does not finance food.

The following information is shown to you at checkout and on your customer order page before you confirm a reserve order:

• Total purchase price, itemized as: beef subtotal, delivery fee, and sales tax that Pasture collects as marketplace facilitator.
• Reservation deposit amount, expressed as both a dollar value and a percentage of the total.
• Number of monthly prepayments and the dollar amount of each prepayment.
• Complete prepayment schedule, including the date of each scheduled charge and the date of the final prepayment.
• Guaranteed minimum packaged weight in pounds, and the listing's overage policy.
• Estimated fulfillment window shown by the processor, including harvest target.
• Estimated delivery window in days after final prepayment.
• Cancellation rights and lock points, as set forth in the Refund and Cancellation Policy.
• Pasture platform fee.

The reservation deposit is twenty five percent of the total purchase price unless otherwise shown at checkout. The deposit is collected at the time you confirm the order. The deposit is non refundable except as provided in the Refund and Cancellation Policy (processor or producer cancellation, force majeure, or as required by applicable state layaway law). The deposit is earned by the processor and producer at harvest lock.

You may choose to pay the full purchase price at checkout or to spread the remaining balance across equal monthly prepayments. Standard plans are the three month plan and the six month plan. Custom deposit and prepayment count combinations may be offered subject to a minimum deposit and a maximum number of monthly prepayments. The schedule is fixed at order confirmation and shown on every monthly receipt.

You may, at any time from your customer dashboard:

• Accelerate any remaining prepayment, in whole or in part, at no charge.
• Pay off the full balance early at no charge.
• Change your payment method for future prepayments.
• Switch plans (e.g., from 6-month to 3-month) once per order, subject to processor approval and not after cut-sheet lock.

Modifications do not change the locked price, the guaranteed minimum packaged weight, or the deposit. Reducing the number of prepayments increases each remaining prepayment proportionally.

By confirming a reserve order with monthly prepayments you authorize Pasture and Stripe to charge your designated payment method for the deposit on the order date and for each scheduled monthly prepayment on the date shown on your prepayment schedule. The authorization remains in effect until the full purchase price has cleared, until you cancel the order, or until the order moves to default. You may update your card on file at any time and you may accelerate the remaining balance from your customer dashboard.

The total purchase price for your reserve order, including the guaranteed minimum packaged weight, the delivery fee, and the sales tax rate, is locked at the time you confirm the order. Subsequent changes in market price, feed cost, or tax rate do not affect your locked total. The processor will fulfill the order at the locked price provided that you complete the prepayment schedule.

If a scheduled prepayment fails, Stripe automatically retries the payment using its standard retry schedule. You will receive an email and SMS asking you to update your payment method. You can update your card and accelerate the prepayment from the customer dashboard. If the prepayment cannot be collected within fourteen days of the original due date, the order may be moved to default. Pasture does not charge an NSF fee. Your card issuer or bank may impose its own fee, which Pasture does not control.

The cancellation rights, the consequences of missed prepayments, the forfeiture rules, and the refund mechanics are set forth in the Refund and Cancellation Policy. Those rules are incorporated into this Agreement by reference.

Title to and ownership of any product remains with the processor until two conditions are satisfied: (a) you have paid the full purchase price, and (b) delivery has been tendered to you and proof of delivery has been logged. Paying the deposit or one or more monthly prepayments does not transfer title or ownership and does not create any security interest in the product.

The processor is not obligated to deliver, and Pasture is not authorized to release funds for delivery, until the full purchase price has cleared. Estimated fulfillment timeframes shown on a listing depend on completion of the prepayment schedule, harvest scheduling, and processor production capacity.

Pasture is a marketplace facilitator under applicable state sales and use tax laws and collects and remits sales tax on this order on behalf of the processor in every jurisdiction where Pasture is required to do so. The tax line is shown at checkout. If you hold a valid resale or exemption certificate, submit it to tax@pasturepayments.com before checkout to apply.

Force majeure events that prevent fulfillment are addressed in the Refund and Cancellation Policy and the Terms of Use. In a qualifying event the parties will work to reschedule and, if rescheduling is not feasible, the full amount you have paid, including the deposit and collected sales tax, will be refunded to your original payment method.

Several states regulate layaway transactions. The following notices apply to residents of the listed states and supplement, rather than replace, this Agreement and the Refund and Cancellation Policy.

• California (Cal. Civ. Code §1749.1). You may cancel at any time before delivery and receive a refund of all amounts paid less the non-refundable deposit shown above. Pasture provides a written receipt of the layaway contract on confirmation.
• New York (N.Y. Gen. Bus. Law §396 t). Pasture will hold the inventory or production slot for you for the duration of the prepayment schedule. If Pasture cannot fulfill, you will receive a full refund including the deposit.
• Maryland (Md. Com. Law §14 1101 et seq.). The layaway terms are stated in writing on your order page. You may cancel under the conditions set forth in the Refund and Cancellation Policy.
• Other states. Where state law provides additional layaway protections, Pasture will honor them. Contact support@pasturepayments.com to ask about your state.

This Agreement is governed by the laws of the State of Oklahoma without regard to its conflict of laws provisions. The exclusive venue for any court proceeding permitted by the dispute resolution section of the Terms of Use is the state and federal courts located in McClain County, Oklahoma. Disputes are resolved as set forth in the dispute resolution section of the Terms of Use, which is incorporated here by reference.

Questions about Pasture Reserve can be sent to support@pasturepayments.com.