Exclusive Purchase Agreement
RALLY
As of August 18th, 2020
This exclusive purchase agreement (the “Purchase Agreement”) is made between RSE Archive, LLC (“Purchaser” or “us”) and Cult Wines Ltd. (“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.
§We have agreed with you to a purchase price and form of consideration to be paid for each Asset, as outlined below.
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.
Other:
§This Purchase Agreement may be modified or amended only with the prior written consent of both the Purchaser and Seller.
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RALLY
Asset: | 2003 La Tâche, Domaine de la Romanée-Xxxxx |
Description: | Four cases of three 750ml bottles |
Total Acquisition Cost: | $ 70,192.00 |
Consideration: Cash (%) Equity (%) Total |
$ 70,192 (100%) (0%) $ 70,192 |
Other Terms: Down Payment Balance Due |
$ 10,454.40 due on August 18, 2020 $ 20,908.80 due on September 17, 2020 $ 3,584.00 due on September 22, 2020 $ 20,908.80 due on October 17, 2020 $ 7,168.00 due on October 22, 2020 $ 7,168.00 due on November 21, 2020 |
Acknowledged and Agreed:
By: /s/ Xxxxxx Xxxxxx |
| By: /s/ Cult Wines Ltd. |
| SELLER | |
Name:Xxxxxx Xxxxxx |
| Cult Wines Ltd. |
Title: Chief Executive Officer |
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