Exclusive Purchase Option Agreement
RALLY RD.
Exclusive Purchase Option Agreement
As of March 30th, 2020
This exclusive purchase option agreement (the “Option Agreement”) is made between RSE Archives, LLC (“Purchaser” or “us”) and Prive Xxxxxx Partnerships, LLC (“Seller” or “you”) with regard to the assets described below (each individually an “Asset”, collectively the “Assets”).
Key Deal Points:
You are the exclusive, unencumbered owner of the Asset(s), and you have honestly and accurately represented the Asset(s) to the best of your knowledge and ability.
You are partnering with us to securitize the Asset(s) through the Rally Rd. platform, which is owned and operated by our parent company,
RSE Markets, Inc. (the “Platform”).
We have agreed with you to a purchase price and form of consideration to be paid for each Asset, as outlined below.
For a period of three (3) months from the date of this Option Agreement (the “Period”), you grant us the exclusive right to purchase the Asset(s).
Your Rights & Obligations:
You maintain possession of the Asset(s) throughout the Period.
You will store, maintain, and insure the Asset(s) as part of your inventory and consistent with the manner in which they were stored, maintained, and insured prior to the date of this Option Agreement.
You will provide us with reasonable access to the Asset(s) for the creation of marketing materials. Marketing materials remain our property.
You will not advertise the Asset(s) online, in print, on social media, or with a third-party dealer or listing service without our prior written agreement. If the Asset(s) is already listed or advertised for sale Advisor will remove such listing or advertisement in its entirety, including any residual mention of item being "for sale”.
The Results:
Upon the successful completion of an offering through the Rally Rd. platform, you will receive payment of the Consideration for the associated Asset, as outlined below, and we will assume title in, and take possession of, the Asset(s), unless otherwise mutually agreed by you and us.
0
XXXXX XX.
Other:
This Option Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller.
Asset: | Hermès 20cm Sac Birkin Faubourg Handbag |
Description: | 2019 Sellier Faubourg Xxxxx Multicolor Birkin with Palladium Hardware |
Total Acquisition Cost: | $ 115,000 |
Consideration: Cash (%) Equity (%) Total |
$ 115,000 (100%) (0%) $ 115,000 |
Other Terms: Down Payment Balance Due |
$ 0 due on signing $ 115,000 due on the earlier of seven business days following an initial offering or May 29, 2020 |
Additional Terms & Conditions:
Acknowledged and Agreed:
By: /s/ Xxxxxxxxxxx X. Xxxxx |
| By: /s/ Xxxxxxx Xxxx |
RSE |
| SELLER |
Name:Xxxxxxxxxxx X. Xxxxx |
| Name: Xxxxxxx Xxxx |
Title: Chief Executive Officer |
| Title: Principal |
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