Overview Tiger Woods is widely regarded as one of the greatest golfers, and one of the most famous athletes of all time. He will be inducted into the World Golf Hall of Fame in 2021. · Some of the remarkable accomplishments from Wood’s career include: 15 major championship wins, including 5 Masters, 4 PGA championships, 3 U.S. Open’s, and 3 The Open Championships. He has won 82 official PGA Tour event, and owns the record for lowest career scoring average and most career earnings of any player in PGA Tour history. · Woods is one of five players (along with Gene Sarazen, Ben Hogan, Gary Player, and Jack Nicklaus) to have won all four major championships in his career, known as the Career Grand Slam, and was the youngest to do so. · Throughout the first decade of the 21st century, Woods was the dominant force in golf. He was the top-ranked golfer in the world from August 1999 to September 2004 (264 weeks) and again from June 2005 to October 2010 (281 weeks). Asset Description Overview and authentication: · This offering contains TWO Tiger Woods Tournament Worn and Autographed Shirts. · The first shirt is from the 2004 Open Championship 1st round and the second shirt is from the 2004 Wachovia Championship 3rd round, tournaments in which he finished 17th and 2nd respectively. · Both shirts also bear the autograph of Tiger Woods. · Tiger woods Tournament used equipment and shirts are exceedingly rare and considered among the premier golf collectibles. · The most recent sales of Tiger Woods Tournament Worn and Autographed shirts are both from Heritage Auctions in August and December of 2020 for $12,600 and $9,900 respectively. · Since that time, Tiger Woods collectibles have seen a drastic increase in prices. Tiger Woods 2001 SP Authentic Golf PSA 10s have seen an increase from $16,630 in October of 2020 to $105,780 in April of 2021, a 536% growth over that time. Notable Features: These Tournament Worn shirts both feature the autograph of Tiger Woods Notable Defects: There are none. Depreciation The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #TigerTournamentShirtBasket going forward. Schedule III to Eleventh Amendment to Collectable Sports Assets, LLC Amended and Restated Limited Liability Company Agreement Series Designation of #DUNCANPARKERGINOBILITRIPLELOGOMAN, a series of Collectable Sports Assets, LLC Capitalized terms used but not defined herein have the meanings assigned to such terms in the Limited Liability Company Agreement of Collectable Sports Assets, LLC, as in effect as of the effective date set forth below (the “Agreement”). References to Sections and Articles set forth herein are references to Sections and Articles of the Agreement. Name of Series #DUNCANPARKERGINOBILITRIPLELOGOMAN, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment May 7, 2021 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #DUNCANPARKERGINOBILITRIPLELOGOMAN with effect from the effective date hereof and shall continue to act as the Managing Member of #DUNCANPARKERGINOBILITRIPLELOGOMAN until dissolution of #DUNCANPARKERGINOBILITRIPLELOGOMAN pursuant to Section 11.1(b) or its removal and replacement pursuant to Section 4.3 or ARTICLE X. Initial Member CS Asset Manager, LLC, a Delaware limited liability company Series Asset The Series Assets of #DUNCANPARKERGINOBILITRIPLELOGOMAN shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #DUNCANPARKERGINOBILITRIPLELOGOMAN through that certain Consignment Agreement dated as of April 13, 2021, as it may be amended from time to time, and any assets and liabilities associated with such asset and such other assets and liabilities acquired by #DUNCANPARKERGINOBILITRIPLELOGOMAN from time to time, as determined by the Managing Member in its sole discretion. Asset Manager CS Asset Manager, LLC, a Delaware limited liability company. Management Fee As stated in Section 7.1 of the Agreement. Issuance Subject to Section 6.3(a)(i), the maximum number of #DUNCANPARKERGINOBILITRIPLELOGOMAN Interests the Company can issue may not exceed the purchase price, in the aggregate, of $200,000. Number of #DUNCANPARKERGINOBILITRIPLELOGOMAN Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #DUNCANPARKERGINOBILITRIPLELOGOMAN Interests (including in excess of 10%), in its sole discretion, through the Offering. Broker Dalmore Group, LLC, a New York limited liability company. Brokerage Fee Up to 1.00% of the gross proceeds of the Interests from #DUNCANPARKERGINOBILITRIPLELOGOMAN sold at the Initial Offering of the #DUNCANPARKERGINOBILITRIPLELOGOMAN Interests (excluding the #DUNCANPARKERGINOBILITRIPLELOGOMAN Interests acquired by any Person other than Investor Members). Other rights Holders of #DUNCANPARKERGINOBILITRIPLELOGOMAN Interests shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no preemptive rights to subscribe for any securities of the Company and no preferential rights to distributions of #DUNCANPARKERGINOBILITRIPLELOGOMAN Interests. Officers There shall initially be no specific officers associated with #DUNCANPARKERGINOBILITRIPLELOGOMAN, although, the Managing Member may appoint Officers of #DUNCANPARKERGINOBILITRIPLELOGOMAN from time to time, in its sole discretion. Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member. Schedule 1 Asset Description Investment Overview #DuncanParkerGinobiliTripleLogoman · Upon completion of the SERIES #DuncanParkerGinobiliTripleLogoman Offering, SERIES #DuncanParkerGinobiliTripleLogoman will purchase a Tim Duncan, Tony Parker & Manu Ginobli Triple Logoman. (The “Underlying Asset” with respect to SERIES #DuncanParkerGinobiliTripleLogoman, as applicable), the specifications of which are set forth below.
Progress Report By March 1 of each year, ***** will submit a written annual report to Stanford covering the preceding calendar year. The report will include information sufficient to enable Stanford to satisfy reporting requirements of the U.S. Government and for Stanford to ascertain progress by ***** toward meeting this Agreement’s diligence requirements. Each report will describe, where relevant: *****’s progress toward commercialization of Licensed Product, including work completed, key scientific discoveries, summary of work-in-progress, current schedule of anticipated events or milestones, market plans for introduction of Licensed Product, and significant corporate transactions involving Licensed Product. ***** will specifically describe how each Licensed Product is related to each Licensed Patent.
Budget The Company shall supply to the Agent in sufficient copies for all the Lenders as soon as the same become available but in any event within 30 days from the start of each of its Financial Years, an annual Budget for that Financial Year.
SUMMARY As provided in the Fifth Amended and Restated Declaration of Trust and Trust Agreement of the Trust, as amended from time to time (the “Trust Agreement”) as currently in effect and described in the applicable Prospectus (defined below), units of fractional undivided beneficial interest in and ownership of each Fund (individually and collectively, the “Shares”) may be created or redeemed by the Managing Owner for an Authorized Participant in aggregations of two hundred thousand (200,000) Shares (each aggregation, a “Basket”). Baskets are offered only pursuant to the applicable registration statement of the Trust, with respect to all the Funds, excluding the DBA Fund and the DBS Fund, on Form S-3, with respect to the DBA Fund on Form S-3ASR, and with respect to the DBS Fund on Form S-1, as amended (Registration Nos.: 333-203008 et seq. with respect to all the Funds, excluding the DBA Fund and the DBS Fund; Registration Nos.: 333-185865 et seq. with respect to the DBA Fund only; Registration Nos.: 333-193222 et seq. with respect to the DBS Fund only), as currently effective and on file with the Securities and Exchange Commission (“SEC”) and as the same may be amended from time to time thereafter or any successor registration statement in respect of Shares of each Fund (each, a “Registration Statement,” collectively, the “Registration Statements”) together with the prospectuses of the Trust in the form filed with the SEC under Rule 424(b) under the Securities Act of 1933, as amended (the “1933 Act”), after the effectiveness of the Registration Statements (each, a “Prospectus,” collectively, the “Prospectuses”). Under the Trust Agreement, the Managing Owner is authorized to issue Baskets to, and redeem Baskets from, Authorized Participants, (i) through the Continuous Net Settlement (“CNS”) clearing processes of the National Securities Clearing Corporation (the “NSCC”) as such processes have been enhanced to effect purchases and redemptions of Creation Baskets and Redemption Baskets (the “CNS Clearing Process”), or (ii) if outside the CNS Clearing Process, only through the facilities of The Depository Trust Company (“DTC” or the “Depository”) (the “DTC Process”), or a successor depository, and only in exchange for cash. This Agreement sets forth the specific procedures by which an Authorized Participant may create or redeem Baskets. For the avoidance of doubt, the term “Prospectus” shall mean the Prospectus for the DBA Fund, the Prospectus for the DBS Fund or the Prospectus for all of the Funds, excluding the DBA Fund and the DBS Fund, as the context requires. Because new Shares for each Fund can be created and issued by the Trust on an ongoing basis, at any point during the life of each respective Fund, a “distribution,” as such term is used in the 1933 Act, may be occurring. The Authorized Participant is cautioned that some of its activities may result in its being deemed a participant in a distribution in a manner that would render it a statutory underwriter and subject it to the prospectus delivery and liability provisions of the 1933 Act. The Authorized Participant should review the “Plan of Distribution” section of the applicable Prospectus and consult with its own counsel in connection with entering into this Agreement and submitting a Purchase Order Subscription Agreement (defined below). Capitalized terms used but not defined in this Agreement shall have the meanings assigned to such terms in the Trust Agreement. To the extent there is a conflict between any provision of this Agreement and the provisions of the Trust Agreement, the provisions of the Trust Agreement shall control. To the extent there is a conflict between any provision of this Agreement and the provisions of the applicable Prospectus, the applicable Prospectus shall control. For the avoidance of doubt, any action which is an action being taken by the Managing Owner may be taken by a party whom the Managing Owner has duly authorized to take such action. To give effect to the foregoing premises and in consideration of the mutual covenants and agreements set forth below, the parties hereto agree as follows: