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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/11/22 Collectable Sports Assets, LLC 1-A POS 46:15M Empire Filings/FA |
Document/Exhibit Description Pages Size
1: 1-A POS Post-Qualification Amendment of a Form 1-A HTML 11K
Offering Statement -- primary_doc.xml
2: PART II AND III Offering Statement - Parts II and III HTML 4.78M
3: EX1A-2A CHARTER Exhibit 2.396 HTML 842K
4: EX1A-6 MAT CTRCT Exhibit 6.256 HTML 31K
5: EX1A-6 MAT CTRCT Exhibit 6.264 HTML 31K
6: EX1A-6 MAT CTRCT Exhibit 6.295 HTML 31K
7: EX1A-6 MAT CTRCT Exhibit 6.307 HTML 30K
8: EX1A-6 MAT CTRCT Exhibit 6.323 HTML 30K
9: EX1A-6 MAT CTRCT Exhibit 6.338 HTML 30K
10: EX1A-6 MAT CTRCT Exhibit 6.339 HTML 30K
11: EX1A-6 MAT CTRCT Exhibit 6.340 HTML 29K
12: EX1A-6 MAT CTRCT Exhibit 6.341 HTML 29K
13: EX1A-6 MAT CTRCT Exhibit 6.342 HTML 30K
14: EX1A-6 MAT CTRCT Exhibit 6.343 HTML 29K
15: EX1A-6 MAT CTRCT Exhibit 6.344 HTML 30K
16: EX1A-6 MAT CTRCT Exhibit 6.345 HTML 30K
17: EX1A-6 MAT CTRCT Exhibit 6.346 HTML 31K
18: EX1A-6 MAT CTRCT Exhibit 6.347 HTML 30K
19: EX1A-6 MAT CTRCT Exhibit 6.348 HTML 29K
20: EX1A-6 MAT CTRCT Exhibit 6.349 HTML 29K
21: EX1A-6 MAT CTRCT Exhibit 6.350 HTML 30K
22: EX1A-6 MAT CTRCT Exhibit 6.351 HTML 30K
23: EX1A-6 MAT CTRCT Exhibit 6.352 HTML 30K
24: EX1A-6 MAT CTRCT Exhibit 6.353 HTML 30K
25: EX1A-6 MAT CTRCT Exhibit 6.354 HTML 30K
26: EX1A-6 MAT CTRCT Exhibit 6.355 HTML 29K
27: EX1A-6 MAT CTRCT Exhibit 6.356 HTML 29K
28: EX1A-6 MAT CTRCT Exhibit 6.357 HTML 29K
29: EX1A-6 MAT CTRCT Exhibit 6.358 HTML 29K
30: EX1A-6 MAT CTRCT Exhibit 6.359 HTML 29K
31: EX1A-6 MAT CTRCT Exhibit 6.360 HTML 29K
32: EX1A-6 MAT CTRCT Exhibit 6.361 HTML 29K
33: EX1A-6 MAT CTRCT Exhibit 6.362 HTML 29K
34: EX1A-6 MAT CTRCT Exhibit 6.363 HTML 29K
35: EX1A-6 MAT CTRCT Exhibit 6.364 HTML 35K
36: EX1A-6 MAT CTRCT Exhibit 6.365 HTML 31K
37: EX1A-6 MAT CTRCT Exhibit 6.366 HTML 29K
38: EX1A-6 MAT CTRCT Exhibit 6.367 HTML 29K
39: EX1A-6 MAT CTRCT Exhibit 6.368 HTML 31K
40: EX1A-6 MAT CTRCT Exhibit 6.369 HTML 29K
41: EX1A-6 MAT CTRCT Exhibit 6.370 HTML 31K
42: EX1A-6 MAT CTRCT Exhibit 6.371 HTML 29K
43: EX1A-6 MAT CTRCT Exhibit 6.372 HTML 28K
44: EX1A-6 MAT CTRCT Exhibit 6.373 HTML 29K
45: EX1A-11 CONSENT Exhibit 11.1 HTML 13K
46: EX1A-12 OPN CNSL Exhibit 12.1 HTML 34K
Exhibit 6.354
[***] 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.
Collectable Consignment Agreement
Key Deal Points:
You 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.
You 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”).
You 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 Collectable platform).
Collectable 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 integrity.
You 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.
You 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.
Should 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.
Insurance 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.
Your Rights & Obligations:
You have represented fairly and accurately, to the best of your abilities, all details pertaining to the consigned item.
In tandem with Collectable, you may elect to retain equity ownership in asset(s) consigned to Collectable’s platform.
C:
Insurance:
Upon 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.
Return(s) to Consignor:
In 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.
In 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.
Break Up Clause:
The 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:
Should 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 + $5,000.
In 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.
The Results:
Upon completing a successful Offering (“Closing”), you will receive full payment in the amount of the “Consignment Price” less any retained equity.
For 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.
“Closing” 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.
Given 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.
C:
C: 2
If you elected to retain any Equity in the Asset, it will be issued to you by Collectable Sports Assets, LLC.
In 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.
Offering:
The following is a proposed transaction structure, subject to modification with mutual approval of both parties:
| 1) | You 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. |
| 2) | Collectable will add on fees necessary to take this item to market. These fees include: |
| a) | Broker Dealer & Escrow |
| b) | Legal |
| c) | Authentication & Marketing |
| d) | Offering Expenses (Technology, insurance, storage, maintenance, etc) |
| e) | Acquisition Expenses |
| f) | Sourcing Fees |
| 3) | The consignment value + All Fees = Total Value of the item(s) listed on Collectable for users to purchase. |
| 4) | Collectable 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 Collectable platform. |
| 5) | Once 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. |
Other Terms:
COLLECTABLE to produce & develop sufficient marketing materials and content to support the narrative, history and significance of the Asset.
C:
3
CONSIGNOR/SELLER
| SIGNATURE: | [***] | |
| NAME: | [***] | |
| DATE: | 1/12/2022 |
COLLECTABLE SPORTS ASSETS, LLC
| SIGNATURE: | /s/ Ezra Levine | |
| NAME: | Ezra Levine, CEO | |
| DATE: | 1/11/2022 |
Exhibit A: Consigned Asset(s)
| Description of Goods | Consignment Price | Retained Equity - $ | Total Consignment Value Offered in IPO | Consignment Exclusive Date Range |
| Complete set of Marvel 2015 Fleer Retro Precious Metal Gems Green Set /10 - all PSA graded | $1,250,000 | $0 | $1,250,000 | 01/09/22-12/31/22 |
| Complete set of Marvel 2015 Fleer Retro Precious Metal Gems Blue Set /50 - all PSA graded | $300,000 | $0 | $300,000 | 01/09/22-12/31/22 |
| Complete set of Marvel 2015 Fleer Retro Precious Metal Gems Red Set /100 - all PSA graded | $150,000 | $0 | $150,000 | 01/09/22-12/31/22 |
| Complete set of Marvel 2015 Fleer Retro Precious Metal Gems Bronze Set /199 - all PSA graded | $40,000 | $0 | $40,000 | 01/09/22-12/31/22 |
C:
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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 9/29/23 Collectable Sports Assets, LLC 1-SA 6/30/23 5:1.2M Empire Filings/FA 9/29/22 Collectable Sports Assets, LLC 1-SA 6/30/22 1:1.1M Empire Filings/FA 7/19/22 Collectable Sports Assets, LLC 1-A POS 3:4.2M Empire Filings/FA 5/31/22 Collectable Sports Assets, LLC 1-A POS 5/27/22 21:6.2M Empire Filings/FA 5/03/22 Collectable Sports Assets, LLC 1-K 12/31/21 3:13M Empire Filings/FA 3/15/22 Collectable Sports Assets, LLC 1-A POS 3/14/22 3:10M Empire Filings/FA |