Common use of Your Rights and Obligations Clause in Contracts

Your Rights and Obligations. You have the ability to supply the Assets listed in the Asset Table. -Upon sourcing, you will store, maintain, and insure the Asset(s) as part of your inventory and consistent with the manner in which they were stored, maintained, and insured prior to the date of this Option Agreement. -You will provide us with reasonable access to the Asset(s) for the creation of marketing materials. Marketing materials remain our property. -You will not advertise the allocated cases or bottles of the Collection online, in print, on social media, or with a third-party dealer or listing service without our prior written agreement. If the Asset(s) is already listed or advertised for sale Advisor will remove such listing or advertisement in its entirety, including any residual mention of item being "for sale”. -Upon the completion of the offering, you will continue to store, maintain, and insure the assets, in exchange for the payment of storage fees The Results: -Upon the successful completion of the relevant offering through the Vint platform, you will receive payment of the Consideration for the associated Asset, as outlined below, and we will assume title in, and take possession of, the Asset(s), unless otherwise mutually agreed by you and us. Other: -This Option Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller. -Bordeaux Index Ltd operates in the UK and uses the Great British Pound. In a scenario where the GBP/USD conversion rate changes materially during the option period, each party reserves the right to change the Total Acquisition Cost. Proper disclosure will be made if there is a change to the Total Acquisition Cost. A change of +500 basis points or -500 basis points constitutes a material conversion rate change. Asset Table Macallan 50 Year Old Collection Asset Vintage Quantity Bottle Size (ml) Macallan 50 Year Old – 2018 Release NV 1 750 Description: Macallan 50 Year Old Collection Total Acquisition Cost: $102,000 Consideration: Cash (%) Equity (%) Total $102,000 (100%) (0%) $102,000 Other Terms: Acknowledged and Agreed: /s/Xxxxxxxx Xxxx /s/Xxxxxxx X’Xxxxxxx VV Markets Seller Name: Xxxxxxxx Xxxx Name: Xxxxxxx X’Xxxxxxx Title: Chief Executive Officer Title: Director

Appears in 1 contract

Samples: Exclusive Purchase Option Agreement (VV Markets LLC)

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Your Rights and Obligations. You have the ability to supply the Assets listed in the Asset Table. -Upon sourcing, you will store, maintain, and insure the Asset(s) as part of your inventory and consistent with the manner in which they were stored, maintained, and insured prior to the date of this Option Agreement. -You will provide us with reasonable access to the Asset(s) for the creation of marketing materials. Marketing materials remain our property. -You will not advertise the allocated cases or bottles of the Collection online, in print, on social media, or with a third-party dealer or listing service without our prior written agreement. If the Asset(s) is already listed or advertised for sale Advisor will remove such listing or advertisement in its entirety, including any residual mention of item being "for sale”. -Upon the completion of the offering, you will continue to store, maintain, and insure the assets, in exchange for the payment of storage fees The Results: -Upon the successful completion of the relevant offering through the Vint platform, you will receive payment of the Consideration for the associated Asset, as outlined below, and we will assume title in, and take possession of, the Asset(s), unless otherwise mutually agreed by you and us. Other: -This Option Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller. -Bordeaux Index Ltd operates in the UK and uses the Great British Pound. In a scenario where the GBP/USD conversion rate changes materially during the option period, each party reserves the right to change the Total Acquisition Cost. Proper disclosure will be made if there is a change to the Total Acquisition Cost. A change of +500 basis points or -500 basis points constitutes a material conversion rate change. Asset Table Macallan 50 Year Old Collection Asset Vintage Quantity Bottle Size (ml) Macallan 50 Year Old – 2018 Release NV 1 750 Karuizawa "36 Views of Mt Fuji" Whisky Bottles Karuizawa "36 Views of Mt Fuji" Complete Set 36 Description: Macallan 50 Year Old Collection Karuizawa “36 Views of Xx Xxxx” Total Acquisition Cost: $102,000 165,500 Consideration: Cash (%) Equity (%) Total $102,000 165,500 (100%) (0%) $102,000 165,500 Other Terms: Acknowledged and Agreed: /s/Xxxxxxxx Xxxx /s//s/ Xxxxxxx X’Xxxxxxx VV Markets Seller Name: Xxxxxxxx Xxxx Name: Xxxxxxx X’Xxxxxxx Title: Chief Executive Officer Title: Director

Appears in 1 contract

Samples: Exclusive Purchase Option Agreement (VV Markets LLC)

Your Rights and Obligations. You have the ability to supply the Assets listed in the Asset Table. -Upon sourcing, you will store, maintain, and insure the Asset(s) as part of your inventory and consistent with the manner in which they were stored, maintained, and insured prior to the date of this Option Agreement. -You will provide us with reasonable access to the Asset(s) for the creation of marketing materials. Marketing materials remain our property. -You will not advertise the allocated cases or bottles of the Collection online, in print, on social media, or with a third-party dealer or listing service without our prior written agreement. If the Asset(s) is already listed or advertised for sale Advisor will remove such listing or advertisement in its entirety, including any residual mention of item being "for sale”. -Upon the completion of the offering, you will continue to store, maintain, and insure the assets, in exchange for the payment of storage fees The Results: -Upon the successful completion of the relevant offering through the Vint platform, you will receive payment of the Consideration for the associated Asset, as outlined below, and we will assume title in, and take possession of, the Asset(s), unless otherwise mutually agreed by you and us. Other: -This Option Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller. -Bordeaux Index Ltd operates in the UK and uses the Great British Pound. In a scenario where the GBP/USD conversion rate changes materially during the option period, each party reserves the right to change the Total Acquisition Cost. Proper disclosure will be made if there is a change to the Total Acquisition Cost. A change of +500 basis points or -500 basis points constitutes a material conversion rate change. Asset Table Macallan 50 Year Old Collection Asset Vintage Quantity Bottle Size (ml) Macallan 50 Year Old – 2018 Release NV 1 750 Description: Macallan 50 Year Old Collection Total Acquisition Cost: $102,000 Consideration: Cash (%) Equity (%) Total $102,000 (100%) (0%) $102,000 Other Terms: Acknowledged and Agreed: /s/Xxxxxxxx Xxxx /s/Xxxxxxx X’Xxxxxxx VV Markets Seller Name: Xxxxxxxx Xxxx Name: Xxxxxxx X’Xxxxxxx Title: Chief Executive Officer Title: DirectorGreat Domaines of Rhone Collection

Appears in 1 contract

Samples: Exclusive Purchase Option Agreement (VV Markets LLC)

Your Rights and Obligations. You have the ability to supply the Assets listed in the Asset Table. -Upon sourcing, you will store, maintain, and insure the Asset(s) as part of your inventory and consistent with the manner in which they were stored, maintained, and insured prior to the date of this Option Agreement. -You will provide us with reasonable access to the Asset(s) for the creation of marketing materials. Marketing materials remain our property. -You will not advertise the allocated cases or bottles of the Collection online, in print, on social media, or with a third-party dealer or listing service without our prior written agreement. If the Asset(s) is already listed or advertised for sale Advisor will remove such listing or advertisement in its entirety, including any residual mention of item being "for sale”. -Upon the completion of the offering, you will continue to store, maintain, and insure the assets, in exchange for the payment of storage fees The Results: -Upon the successful completion of the relevant offering through the Vint platform, you will receive payment of the Consideration for the associated Asset, as outlined below, and we will assume title in, and take possession of, the Asset(s), unless otherwise mutually agreed by you and us. Other: -This Option Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller. -Bordeaux Index Ltd operates in the UK and uses the Great British Pound. In a scenario where the GBP/USD conversion rate changes materially during the option period, each party reserves the right to change the Total Acquisition Cost. Proper disclosure will be made if there is a change to the Total Acquisition Cost. A change of +500 basis points or -500 basis points constitutes a material conversion rate change. Asset Table Macallan 50 Year Old Collection Asset NAME OF COLLECTION Producer Wine Vintage Quantity Bottle Size (ml) Macallan 50 Year Old – 2018 Release NV 1 750 Description: Macallan 50 Year Old Collection NAME OF COLLECTION Total Acquisition Cost: $102,000 ACQUISITION COST Consideration: Cash (%) Equity (%) Total $102,000 (100%) (0%) $102,000 TOTAL COST Other Terms: Acknowledged and Agreed: /s/Xxxxxxxx Xxxx /s/Xxxxxxx X’Xxxxxxx VV Markets Seller Name: Xxxxxxxx Xxxx Name: Xxxxxxx X’Xxxxxxx ASSET SELLER Title: Chief Executive Officer Title: DirectorASSET SELLER

Appears in 1 contract

Samples: Purchase Option Agreement (VV Markets LLC)

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Your Rights and Obligations. You have the ability to supply the Assets listed in the Asset Table. -Upon sourcing, you will store, maintain, and insure the Asset(s) as part of your inventory and consistent with the manner in which they were stored, maintained, and insured prior to the date of this Option Agreement. -You will provide us with reasonable access to the Asset(s) for the creation of marketing materials. Marketing materials remain our property. -You will not advertise the allocated cases or bottles of the Collection online, in print, on social media, or with a third-party dealer or listing service without our prior written agreement. If the Asset(s) is already listed or advertised for sale Advisor will remove such listing or advertisement in its entirety, including any residual mention of item being "for sale”. -Upon the completion of the offering, you will continue to store, maintain, and insure the assets, in exchange for the payment of storage fees The Results: -Upon the successful completion of the relevant offering through the Vint platform, you will receive payment of the Consideration for the associated Asset, as outlined below, and we will assume title in, and take possession of, the Asset(s), unless otherwise mutually agreed by you and us. Other: -This Option Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller. -Bordeaux Index Ltd operates in the UK and uses the Great British Pound. In a scenario where the GBP/USD conversion rate changes materially during the option period, each party reserves the right to change the Total Acquisition Cost. Proper disclosure will be made if there is a change to the Total Acquisition Cost. A change of +500 basis points or -500 basis points constitutes a material conversion rate change. Asset Table Macallan 50 Year Old German Collection Asset (Part 2) Wine Vintage Quantity Bottle Size (ml) Macallan 50 Year Old – 2018 Release NV 1 Scharzhofberger Auslese Goldkapsel 1993 3 750 Scharzhofberger Spätlese 2007 6 750 Scharzhofberger Auslese 2011 6 750 Scharzhofberger Auslese Goldkapsel 10 Auktion (Halves) 2012 6 375 Scharzhofberger Kabinett 2013 12 750 Scharzhofberger Spätlese 4 2013 12 750 Scharzhofberger Spätlese 2013 6 750 Scharzhofberger Auslese Goldkapsel Auktion 2013 6 750 Description: Macallan 50 Year Old German Collection Total Acquisition Cost: $102,000 39,573 Consideration: Cash (%) Equity (%) Total $102,000 39,573 (100%) (0%) $102,000 39,573 Other Terms: Acknowledged and Agreed: /s/Xxxxxxxx Xxxx /s/Xxxxxxx X’Xxxxxxx VV Markets Seller Name: Xxxxxxxx Xxxx Name: Xxxxxxx X’Xxxxxxx Title: Chief Executive Officer Title: Director

Appears in 1 contract

Samples: Exclusive Purchase Option Agreement (VV Markets LLC)

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