Common use of Overview and authentication Clause in Contracts

Overview and authentication. Panini Prizm Basketball has quickly become one of the most desired modern basketball rookie cards, surpassing the prices for many autographed rookie cards from other sets. · With multiple numbered color variations inserted into the set, the Blue refractor (/199) is among the most sought after by collectors. · Receiving the rare grade of Pristine 10 from BGS, this card is one of 13 to have received that grade out of 118 submissions. Two of the 118 received a perfect 10 Black Label. · CardLadder tracks the average of the last 4 sales of a Blue Refractor in a 9.5 grade as $11,750 with a starting price of $7,400 on 3/23/21 and most recently a price of $12,500 on 4/11/21 for a growth of 68.92%. · The card features Wxxxxxxxxx in his Pelicans jersey mid-two handed dunk. There are none. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #ZionPrizmsBlueBGS10 going forward. Series Designation of #MICHAELPORTERJRBASKET, 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 #MICHAELPORTERJRBASKET, 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 #MICHAELPORTERJRBASKET with effect from the effective date hereof and shall continue to act as the Managing Member of #MICHAELPORTERJRBASKET until dissolution of #MICHAELPORTERJRBASKET 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 #MICHAELPORTERJRBASKET shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #MICHAELPORTERJRBASKET through that certain Consignment Agreement dated as of April 5, 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 #MICHAELPORTERJRBASKET 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 #MICHAELPORTERJRBASKET Interests the Company can issue may not exceed the purchase price, in the aggregate, of $50,000. Number of #MICHAELPORTERJRBASKET Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #MICHAELPORTERJRBASKET 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 #MICHAELPORTERJRBASKET sold at the Initial Offering of the #MICHAELPORTERJRBASKET Interests (excluding the #MICHAELPORTERJRBASKET Interests acquired by any Person other than Investor Members). Other rights Holders of #MICHAELPORTERJRBASKET 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 #MICHAELPORTERJRBASKET Interests. Officers There shall initially be no specific officers associated with #MICHAELPORTERJRBASKET, although, the Managing Member may appoint Officers of #MICHAELPORTERJRBASKET from time to time, in its sole discretion. Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Collectable Sports Assets, LLC)

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Overview and authentication. Panini Prizm Basketball has quickly become one of Exquisite Collection basketball cards are widely considered the most desired modern basketball rookie cardspremier cards in the hobby, surpassing the prices for many autographed rookie cards from other setsroutinely being called “fine-art equivalents”. · With multiple numbered color variations inserted into Exquisite Basketball is notoriously difficult to find in high grade examples due to fragile corners and edges with damage magnified by the set, the Blue refractor (/199) is among the most sought after by collectorsdark colored borders. · Receiving the Featuring both an autograph and an incredibly rare grade 3-color patch of Pristine 10 from BGSgame-worn jersey, this card is numbered XX/23 and graded 8.5 by BGS with a bold blue 10 autograph and 3-color patch by Bxxxxxx. · This Rookie Patch Flashback Autograph, graded 8.5, is one of 13 9 to have received receive that grade out of 118 submissions. Two of the 118 received a perfect 10 Black Label18 total submissions with 6 graded higher. · CardLadder tracks the average A Mxxxxxx Xxxxxx Autographed Jersey Patch card from a 1997-98 Upper Deck set recently set a new record when it sold for $2,103,300 via Gxxxxx Auctions in May of the last 4 sales 2021. Schedules to Twelfth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 52 of a Blue Refractor in a 9.5 grade as $11,750 with a starting price of $7,400 on 3/23/21 and most recently a price of $12,500 on 4/11/21 for a growth of 68.92%. · 205 The card features Wxxxxxxxxx Mxxxxxx Xxxxxx in his Pelicans jersey mid-two handed dunkred Bulls uniform and a coveted 3 color patch. There are none. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #ZionPrizmsBlueBGS10 JordanExquisite8.5Flashback going forward. Series Designation of #MICHAELPORTERJRBASKETPURPLEMOOKIE, 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 #MICHAELPORTERJRBASKETPURPLEMOOKIE, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment May 7June 28, 2021 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #MICHAELPORTERJRBASKET PURPLEMOOKIE with effect from the effective date hereof and shall continue to act as the Managing Member of #MICHAELPORTERJRBASKET PURPLEMOOKIE until dissolution of #MICHAELPORTERJRBASKET PURPLEMOOKIE 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 #MICHAELPORTERJRBASKET PURPLEMOOKIE shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #MICHAELPORTERJRBASKET PURPLEMOOKIE through that certain Consignment Agreement dated as of April 5June 3, 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 #MICHAELPORTERJRBASKET PURPLEMOOKIE 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 #MICHAELPORTERJRBASKET PURPLEMOOKIE Interests the Company can issue may not exceed the purchase price, in the aggregate, of $50,000110,000. Number of #MICHAELPORTERJRBASKET PURPLEMOOKIE Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #MICHAELPORTERJRBASKET PURPLEMOOKIE 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 #MICHAELPORTERJRBASKET PURPLEMOOKIE sold at the Initial Offering of the #MICHAELPORTERJRBASKET PURPLEMOOKIE Interests (excluding the #MICHAELPORTERJRBASKET PURPLEMOOKIE Interests acquired by any Person other than Investor Members). Schedules to Twelfth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 54 of 205 Other rights Holders of #MICHAELPORTERJRBASKET PURPLEMOOKIE 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 #MICHAELPORTERJRBASKET PURPLEMOOKIE Interests. Officers There shall initially be no specific officers associated with #MICHAELPORTERJRBASKETPURPLEMOOKIE, although, the Managing Member may appoint Officers of #MICHAELPORTERJRBASKET PURPLEMOOKIE from time to time, in its sole discretion. Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member. · Upon completion of the SERIES #PurpleMookie Offering, SERIES #PurpleMookie will purchase a Mxxxxx Xxxxx 2014 Bxxxxx Chrome Prospect Autos Purple Refractors /10 BGS 9.5 (The “Underlying Asset” with respect to SERIES #PurpleMookie, as applicable), the specifications of which are set forth below.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Collectable Sports Assets, LLC)

Overview and authentication. The offering contains a 2017 Panini Prizm Basketball has quickly become Patrick Mahomes Camo Refractor with a grade of PSA 10. · The Camo Refractor Prizm is one of the most desired modern basketball rookie cardssought after variations, surpassing the prices for many autographed rookie cards from other setsnumbered out of 25. · With multiple numbered color variations inserted into the set, the Blue refractor (/199) is among the most sought after by collectors. · Receiving the rare grade of Pristine This PSA 10 from BGS, this card is one of 13 5 to have received that receive the grade out of 118 submissions13 graded examples. Two · The most recent recorded sale of the 118 received a perfect PSA 10 Black LabelCamo Refractor Mahomes was $8,250 on 4/11/20. · CardLadder tracks the average of the last 4 sales of PSA 10 Silver Mahomes’ as rising from $1,600 on 4/12/20 to $8,575 on 6/11/21, a Blue Refractor in a 9.5 grade as $11,750 with a starting price of $7,400 on 3/23/21 and most recently a price of $12,500 on 4/11/21 for a growth of 68.92%435% increase over that time. · The card features Wxxxxxxxxx Patrick Mahomes in his Pelicans jersey mid-two handed dunkChiefs uniform set within a camouflage border. There are none. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #ZionPrizmsBlueBGS10 MahomesCamoPSA10 going forward. Schedules to Twelfth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 180 of 205 Series Designation of #MICHAELPORTERJRBASKETLEBRONMELOBOSH2008TRIPLELOGOMAN, 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 #MICHAELPORTERJRBASKETLEBRONMELOBOSH2008TRIPLELOGOMAN, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment May 7June 28, 2021 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN with effect from the effective date hereof and shall continue to act as the Managing Member of #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN until dissolution of #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN 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 #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN through that certain Consignment Agreement dated as of April 5June 14, 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 #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN 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 #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN Interests the Company can issue may not exceed the purchase price, in the aggregate, of $50,000350,000. Number of #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN 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 #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN sold at the Initial Offering of the #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN Interests (excluding the #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN Interests acquired by any Person other than Investor Members). Other rights Holders of #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN 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 #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN Interests. Officers There shall initially be no specific officers associated with #MICHAELPORTERJRBASKETLEBRONMELOBOSH2008TRIPLELOGOMAN, although, the Managing Member may appoint Officers of #MICHAELPORTERJRBASKET LEBRONMELOBOSH2008TRIPLELOGOMAN from time to time, in its sole discretion. Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member. Schedules to Twelfth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 181 of 205 · Upon completion of the SERIES #LeBronMeloBosh2008TripleLogoMan Offering, SERIES #LeBronMeloBosh2008TripleLogoMan will purchase a LeBron James, Carmelo Anthony & Chris Bosh 2008 Triple Logoman (The “Underlying Asset” with respect to SERIES #LeBronMeloBosh2008TripleLogoMan, as applicable), the specifications of which are set forth below.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Collectable Sports Assets, LLC)

Overview and authentication. Panini Prizm Basketball Gxxxxx Auctions stated, “the ultimate first-year tribute to the superstar who's won his sport's biggest prize …(Cxxxx) has quickly become taken his franchise to new heights of success and esteem.” · Topps Chrome is considered to be one of the most desired modern basketball rookie cardsflagship NBA products, surpassing the prices for many autographed rookie cards from other sets. · With multiple numbered color variations inserted into the set, the Blue refractor (/199) is among the most with Refractor inserts being especially sought after by among collectors. · Receiving This Chrome Refractor is graded 10 by PSA and stamped with a serial number out of 500, making this a true limited piece. · Of the rare 77 examples graded by PSA, only 29 received a grade of Pristine 10 from BGS, this card is one of 13 to have received that grade out of 118 submissions. Two of the 118 received a perfect 10 Black Label10. · CardLadder tracks the average of the last 4 sales most recent sale of a Blue PSA 10 Refractor in a 9.5 grade as $11,750 with a starting price of $7,400 136,530 on 3/23/21 and most recently a price of $12,500 on 4/11/21 for a growth of 68.92%4/24/21. · The card features Wxxxxxxxxx a grinning portrait of Cxxxx in his Pelicans jersey mid-two handed dunka white Warriors warmup and a stamped serial number out of 500. There are none. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #ZionPrizmsBlueBGS10 CurryChromeRefractorPSA10 going forward. Series Designation of #MICHAELPORTERJRBASKETKOBE96FINESTREFRACTORSBGS9.5, 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 #MICHAELPORTERJRBASKETKOBE96FINESTREFRACTORSBGS9.5, 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 #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 with effect from the effective date hereof and shall continue to act as the Managing Member of #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 until dissolution of #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 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 #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 through that certain Consignment Agreement dated as of April 5May 2, 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 #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 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 #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 Interests the Company can issue may not exceed the purchase price, in the aggregate, of $50,000100,000. Number of #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 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 #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 sold at the Initial Offering of the #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 Interests (excluding the #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 Interests acquired by any Person other than Investor Members). Other rights Holders of #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 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 #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 Interests. Officers There shall initially be no specific officers associated with #MICHAELPORTERJRBASKETKOBE96FINESTREFRACTORSBGS9.5, although, the Managing Member may appoint Officers of #MICHAELPORTERJRBASKET KOBE96FINESTREFRACTORSBGS9.5 from time to time, in its sole discretion. Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Collectable Sports Assets, LLC)

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Overview and authentication. Panini Prizm Basketball has quickly become one The 1959 Topps Baseball set consists of 572 cards. Card numbers below 507 have red and green printing on back with the most desired modern basketball rookie cards, surpassing the prices for many autographed rookie card number in white in a green box. On high number cards from other sets. · With multiple numbered color variations inserted into the setbeginning with #507, the Blue refractor (/199) printing is among black and red and the most sought after by collectors. · Receiving the rare grade of Pristine 10 from BGS, this card number is one of 13 to have received that grade out of 118 submissions. Two of the 118 received a perfect 10 Black Label. · CardLadder tracks the average of the last 4 sales of a Blue Refractor in a 9.5 grade as $11,750 with a starting price of $7,400 on 3/23/21 and most recently a price of $12,500 on 4/11/21 for a growth of 68.92%black box. · The set contains stars such as Mxxxxx Xxxxxx, Wxxxxx Xxxx, Dxxx Xxxxxx, Hxxx Xxxxx and Exxxx Xxxxx. · There is also a card features Wxxxxxxxxx of the Commissioner Fxxx Xxxxx, and one of former Dodger Rxx Xxxxxxxxxx in his Pelicans jersey mid-two handed dunka wheelchair · This Complete Set contains PSA 8s with 9 variations. Complete set of 1959 Topps Baseball Cards in PSA 8 grades There are none. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #ZionPrizmsBlueBGS10 1959ToppsBaseballSet going forward. Schedules to Thirteenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 85 of 127 Series Designation of #MICHAELPORTERJRBASKETWARRENSPAHN1948LEAFPSA9, 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 #MICHAELPORTERJRBASKETWARRENSPAHN1948LEAFPSA9, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment May 7September 9, 2021 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 with effect from the effective date hereof and shall continue to act as the Managing Member of #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 until dissolution of #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 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 #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 through that certain Consignment Agreement dated as of April 5August 30, 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 #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 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 #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 Interests the Company can issue may not exceed the purchase price, in the aggregate, of $50,000100,000. Number of #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 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 #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 sold at the Initial Offering of the #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 Interests (excluding the #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 Interests acquired by any Person other than Investor Members). Schedules to Thirteenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 86 of 127 Other rights Holders of #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 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 #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 Interests. Officers There shall initially be no specific officers associated with #MICHAELPORTERJRBASKETWARRENSPAHN1948LEAFPSA9, although, the Managing Member may appoint Officers of #MICHAELPORTERJRBASKET WARRENSPAHN1948LEAFPSA9 from time to time, in its sole discretion. Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member. · Upon completion of the SERIES #WarrenSpahn1948LeafPSA9 Offering, SERIES #WarrenSpahn1948LeafPSA9 will purchase a Wxxxxx Xxxxx 1948 Leaf PSA 9 (The “Underlying Asset” with respect to SERIES #WarrenSpahn1948LeafPSA9, as applicable), the specifications of which are set forth below.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Collectable Sports Assets, LLC)

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