Series Designation of Series #11BM1, a series of RSE Collection, LLC
Exhibit 3.29
Series #11BM1, a series of RSE Collection, LLC
In accordance with the Second Amended and Restated Limited Liability Company Agreement of RSE Collection, LLC (the “Company”) dated May 25, 2017 (the “Agreement”) and upon the execution of this Exhibit 3.29 by the Company and RSE Markets, Inc. in its capacity as Managing Member of the Company and Initial Member of Series #11BM1, a series of RSE Collection, LLC (“Series #11BM1”), this exhibit shall be attached to, and deemed incorporated in its entirety into, the Agreement as “Exhibit 3.29”.
References to Sections and Articles set forth herein are references to Sections and Articles of the Agreement, as in effect as of the effective date of establishment set forth below.
Name of Series | Series #11BM1, a series of RSE Collection, LLC |
Effective date of establishment | November 6, 2018 |
Managing Member
| RSE Markets, Inc., was appointed as the Managing Member of Series #11BM1 with effect from the date of the Original LLC Agreement and shall continue to act as the Managing Member of Series #11BM1 until dissolution of Series #11BM1 pursuant to Section 11.1(b) or its removal and replacement pursuant to Section 4.3 or ARTICLE X |
Initial Member | RSE Markets, Inc. |
Series Asset
| The Series Assets of Series #11BM1 shall comprise the 2011 BMW 1M which will be acquired by Series #11BM1 upon the close of the Initial Offering and any assets and liabilities associated with such asset and such other assets and liabilities acquired by Series #11BM1 from time to time, as determined by the Managing Member in its sole discretion |
Asset Manager | RSE Markets, Inc. |
Management Fee | As stated in Section 6.5 |
Purpose | As stated in Section 2.4 |
Issuance
| Subject to Section 6.3(a)(i), the maximum number of Series #11BM1 Interests the Company can issue is 2,000 |
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Sourcing Fee | No greater than $832, which may be waived by the Managing Member in its sole discretion |
Other rights | Holders of Series #11BM1 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 Series #11BM1 Interests |
Officers | There shall initially be no specific officers associated with Series #11BM1, although, the Managing Member may appoint Officers of Series #11BM1 from time to time, in its sole discretion |
Aggregate Ownership Limit | As stated in Section 1.1 |
Minimum Interests | One (1) Interest per Member |
Fiscal Year | As stated in Section 8.2 |
Information Reporting | As stated in Section 8.1(c) |
Termination | As stated in Section 11.1(b) |
Liquidation | As stated in Section 11.3 |
Amendments to this Exhibit 3.29 | As stated in Article XII |
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