Depreciation The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #TrevorLawrenceLeafBasket going forward. Schedules to Twelfth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 11 of 205 Schedule V to Twelfth Amendment to Collectable Sports Assets, LLC Amended and Restated Limited Liability Company Agreement Exhibit 245 Series Designation of #GARNETTSTOUDEMIREDUALLOGOMAN, 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 #GARNETTSTOUDEMIREDUALLOGOMAN, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment June 28, 2021 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #GARNETTSTOUDEMIREDUALLOGOMAN with effect from the effective date hereof and shall continue to act as the Managing Member of #GARNETTSTOUDEMIREDUALLOGOMAN until dissolution of #GARNETTSTOUDEMIREDUALLOGOMAN 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 #GARNETTSTOUDEMIREDUALLOGOMAN shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #GARNETTSTOUDEMIREDUALLOGOMAN through that certain Consignment Agreement dated as of May 11, 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 #GARNETTSTOUDEMIREDUALLOGOMAN 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 #GARNETTSTOUDEMIREDUALLOGOMAN Interests the Company can issue may not exceed the purchase price, in the aggregate, of $75,000. Number of #GARNETTSTOUDEMIREDUALLOGOMAN Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #GARNETTSTOUDEMIREDUALLOGOMAN Interests (including in excess of 10%), in its sole discretion, through the Offering. Schedules to Twelfth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 12 of 205 Broker Dalmore Group, LLC, a New York limited liability company. Brokerage Fee Up to 1.00% of the gross proceeds of the Interests from #GARNETTSTOUDEMIREDUALLOGOMAN sold at the Initial Offering of the #GARNETTSTOUDEMIREDUALLOGOMAN Interests (excluding the #GARNETTSTOUDEMIREDUALLOGOMAN Interests acquired by any Person other than Investor Members). Other rights Holders of #GARNETTSTOUDEMIREDUALLOGOMAN 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 #GARNETTSTOUDEMIREDUALLOGOMAN Interests. Officers There shall initially be no specific officers associated with #GARNETTSTOUDEMIREDUALLOGOMAN, although, the Managing Member may appoint Officers of #GARNETTSTOUDEMIREDUALLOGOMAN 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 DESCRIPTION OF SERIES #GarnettStoudemireDualLogoman Investment Overview · Upon completion of the SERIES #GarnettStoudemireDualLogoman Offering, SERIES #GarnettStoudemireDualLogoman will purchase a Kxxxx Xxxxxxx & Axxxx Xxxxxxxxxx 2004-05 Exquisite Collection Dual NBA Logo Autographs BGS 8.5 (The “Underlying Asset” with respect to SERIES #GarnettStoudemireDualLogoman, as applicable), the specifications of which are set forth below.
