Certain information in this document has been excluded pursuant to the Instruction to Item 17 of Form 1-A. Such excluded information
is not material, is the type that the registrant treats as private or confidential and would likely cause competitive harm to
the registrant if publicly disclosed.
have the authority as owner (“Consignor/Seller”) of items in Exhibit A to list the items on Collectable’s
platform. You have represented the item (the “Asset(s)) and its condition honestly and accurately to the best of your ability.
are partnering with Collectable Sports Assets, LLC to offer the Asset for sale on our platform with the goal of crowd funding
liquidity for the Asset (the “Offering”).
and Collectable Sports Assets, LLC will agree to a price for the Asset (“Consideration”). The Consideration will consist
of “Cash” (which gets paid after a successful Offering), and/or “Retained Equity” (which allows you to
continue to own a percentage of the item(s) listed on the
Sports Assets, LLC will be the exclusive seller of the Asset for a period of time (ex. 6 months, the “Period”). Collectable
Sports Assets, LLC may authenticate, or re-authenticate, any items necessary for SEC approval and to maximize investor security
and Collectable will mutually agree on a secure storage location that meets any and all insurance, protection, and maintenance
requirements to protect asset shareholders for the duration the asset is listed on Collectable’s platform.
will provide Collectable Sports Assets, LLC with all necessary documentation to successfully file the Asset(s) with regulatory
bodies and pass due diligence. Please see page 4 of this document for a list of the documents we will need.
you decide to retain equity in an offering, you will be required to complete and sign a ‘Contribution Agreement’ in
addition to this Consignment Agreement.
obligation will transfer from consignor to Collectable, once the Consignment Agreement is completed. In the event an offering
is not completed, the asset will be returned to the consignor and Collectable will no longer be responsible for insurance.
Rights & Obligations:
have represented fairly and accurately, to the best of your abilities, all details pertaining to the consigned item.
tandem with Collectable, you may elect to retain equity ownership in asset(s) consigned to Collectable’s platform.
completion of the Consignment Agreement (and Contribution Agreement, if the consignor is electing to retain equity in an offering),
the insurance burden will shift to Collectable. Please let Collectable know if you require additional shipping insurance.
the event Collectable Sports Assets LLC is unable to successfully sell the minimum offering amount per item by the conclusion
of the exclusive consignment term detailed in Exhibit A, the legal title and physical possession of consigned item(s) will be
transferred back to the consignor. In addition, Collectable Sports Assets LLC will no longer be liable for any fees related to
the consigned items maintenance, storage, or upkeep.
the event Collectable Sports Assets LLC does not disburse cash proceeds to the consignor within 60 days of a public offering completion
on Collectable’s platform, full legal title and physical possession of the consigned item is transferred back to the consignor.
consignor and Collectable acknowledge the price volatility inherent in the collectibles market. In an attempt to provide fair
and just valuations to both buyers and sellers on the platform, Collectable and consignor agree to the following terms:
the consignor want to pull the item from the platform at any time (within 5 days prior to IPO), the consignor will pay Collectable
$1,250 + 10% of the consignment value listed in Exhibit A.
exchange, Collectable reserves the right to rescind the consignment agreement at any point due to adverse price changes in the
marketplace. In this scenario, Collectable will handle all fees related to returning the item back to the consignor, notably fully
insured shipping costs.
completing a successful Offering (“Closing”), you will receive full payment in the amount of the “Consignment
Price” less any retained equity.
example: “Consignment Price” is $100,000 and consignor retains 0%, Consignor will receive $100,000.
“Consignment Price” is $100,000 and consignor retains 40%, Consignor will receive $60,000 in cash
and 40% in equity in the Series LLC.
is defined as shares issued to the public and funds disbursed from escrow, which typically occurs 10 business days after an offering
is 100% funded on Collectable platform.
the regulated nature of Collectable’s offerings, funds can occasionally take longer than 10 business days to settle. Collectable
will pay the consignor interest of 13 basis points per week (6.75% annualized interest) on the cash proceeds (Consignment
Price less Retained Equity) for every additional week the funds are withheld from the consignor.
you elected to retain any Equity in the Asset, it will be issued to you by Collectable Sports Assets, LLC.
the unlikely event the Offering is unsuccessful, you can choose to: 1) relist the asset with Collectable Sports Assets, LLC under
amended acquisition terms, or 2) retain full title to your Asset.
following is a proposed transaction structure, subject to modification with mutual approval of both parties:
and Collectable will agree to the consignment price of each asset. This is the proceeds
generated for the seller upon successful completion of the offering.|
will add on fees necessary to take this item to market. These fees include:|
Expenses (Technology, insurance, storage, maintenance, etc)|
consignment value + All Fees = Total Value of the item(s) listed on Collectable for users
will fractionalize item(s). In doing so, Collectable will decide on a price per share
and shares outstanding of each item. Users can purchase shares in the item(s) on the
the offering is successfully completed, the seller/consignor will convey good title
to the Asset to Collectable (or its designee) and the seller/consignor will receive
the Consignment Price less Retained Equity, or [Consignment Price * (1-retained equity
%)], within 3 business days of the funds release from escrow and shares issued to investors.|
to produce & develop sufficient marketing materials and content to support the narrative, history and significance of the
SPORTS ASSETS, LLC
|NAME: Xxxx Xxxxxx, CEO
A: Consigned Asset(s)
Consignment Value Offered in IPO
Exclusive Date Range|
Xxxxx 2011 Finest #84 Superfractor 1/1 AutoAuto10 PSA 42985107