Investment Overview

·Upon completion of the Series #NIKON1 Offering, Series #NIKON1 will purchase a 1949 Nikon One Camera in Condition ‘B/A’ as the Underlying Asset for Series #NIKON1 (The “Series 1949 Nikon One Camera” or the “Underlying Asset” with respect to Series #NIKON1, as applicable), the specifications of which are set forth below. 

·Nippon Kogaku, K.K, or Japan Optical Company was formed on July 25, 1917, when three optical firms merged.  The company manufactured an array of optical products from microscopes to telescopes to camera lenses used by companies such as Canon.  After World War II the company went from nineteen factories and 23,000 employees down to just one factory with approximately 1400 employees.  By April of 1946 the company was experimenting with camera production. 

·The Nikon One camera was produced from March of 1948 to August of 1949, a little over one year.  This was the first use of the “Nikon” moniker, and it wouldn’t be until later that Nippon Kogaku would change their company name to match the name of their camera.  The Nikon 1 model was not initially popular, notably in part because Occupational forces under General McArthur would not allow the camera to be exported to the US. 

·The Underlying Asset is a Fully Functioning 1949 Nikon One Camera in Condition ‘B/A’ 

Asset Description

Overview & Authentication

·Nippon Kogaku, formed in 1917, would not transition their name to Nikon until 1988 when optical equipment was no longer the company’s primary focus.  

·The Nikon 1 was the first product to make use of the now ubiquitous Nikon logo with the official Nikon typography. 

·The Nikon One was not allowed to be exported to the US because the camera’s 24x32 format was not compatible with Kodachrome slide mounts. 

·The exact number of Nikon 1’s produced is unknown but likely to be 400, “Although the numbers would seem to indicate over 750 Nikon One’s, it is actually much rarer according to Robert Rotoloni, founder of the Nikon Historical Society.  He believes the number of Nikon One's actually delivered is closer to 400, due to 90 Nikon One's not passing quality control, and about 200 unsold One's being converted to the later Nikon M with 24x34 film format.” 

·The Nikon 1 is retired only about a year after production started, it was replaced by the Nikon M which had an image window of 24x34mm.  About 17,000 Nikon Ms without sync and roughly the same number without sync were produced until the end of 1950. 

·Nikon cameras have built a lasting reputation among some of the world’s best photographers.  Steve McCurry known best for his image “Afghan Girl” on the Nikon FM2 in 1984.  “Tank Man” by Jeff Widener was taken on a Nikon Fe2 in 1989.  The most famous photograph of “The Shooting of Lee Harvey Oswald,” was taken by Robert Jackson on a Nikon S3 in 1963. 

·“To celebrate Nikon's 100th anniversary, the first camera to bear the Nikon name, the Nikon Model 1 has been exquisitely recreated in crystal from renowned crystal maker Swarovski®. Nearly full-scale, this stunning collector's item features fine details of the Model 1, from the engraved Nikon logo, lens lettering and original company mark to a special crystal treatment to represent the dark and artificial leather portions of the Model 1. Available in a limited quantity.” 

·Nikon releases their first digital camera, a DSLR called the Nikon D1, in June 1999. 

·In December of 2020 Nikon stops production on its final film camera.  After 16 years in production, Nikon’s F6 camera is discontinued. 

·The Underlying Asset has been identified as being in Condition B/A with Serial No. 609744. 

Notable Features

·The Underlying Asset is a Fully Functioning 1949 Nikon One Camera in Condition ‘B/A’. 

·The Underlying Asset is a version with 4 film guide rails. 

·The Underlying Asset has a fixed spool.  

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·The Underlying Asset has a 32x24mm frame size.  

·The Underlying Asset has '609744' engraved in the inside of the back door. 

·The Underlying Asset has 'MADE IN OCCUPIED JAPAN' engraved inside of the back door. 

·The Underlying Asset has a matching Nikkor-H.C. 2/5cm no.811430 and early eveready case. 

Notable Defects

·The Underlying Asset’s condition is consistent with its Condition Grade of ‘B/A’. 

Details

Depreciation

The Company treats Memorabilia Assets as collectible and therefore will not depreciate or amortize the Series 1949 Nikon One Camera going forward.

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