EX1A-6 MAT CTRCT 17 rseaex6z89.htm PURCHASE OPTION AGREEMENT IN RESPECT OF SERIES #2020TOPPS ASSET

RALLY RD.


Exclusive Purchase Agreement

 

As of July 8th, 2020

 

This exclusive purchase option agreement (the “Option Agreement”) is made between RSE Archive, LLC (“Purchaser” or “us”) and The Topps Company, Inc. (“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 “Consideration”). 

 

Your Rights & Obligations:

Prior to us taking possession 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. 

If the Asset(s) is already listed or advertised for sale, you will remove such listing or advertisement in its entirety, including any residual mention of item being "for sale”. 

 

Disclaimer

Seller does not, in any manner, make any representations as to the current value of the Asset(s) or whether the Asset(s) will attain any future value 

Purchaser shall ensure that the above disclaimer shall be included in all marketing and other sale materials related to the Asset(s) 

 

The Results:

Upon signing, you will receive payment of the “Cash” portion of the Consideration for the associated Asset, as a down-payment, as outlined below and we will take possession of, the Asset(s), unless otherwise mutually agreed by you and us 

As part of the closing of the offering related to the Asset, you will be issued the “Equity” portion of the Consideration, and we will assume title in the Asset(s) 


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Other:

This Option Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller. 

 

Asset:

Ten 2020 Topps Complete Sets – First Edition

Description:

10 (Ten) Complete Sets of Topps 2020 Limited First Edition Series 1 & 2 Topps Baseball Cards w/ limited-edition wooden box.

Total Acquisition Cost:

$ 98,000

Consideration:

Cash (%)

Equity (%)

Total

 

$ 48,000   (49%)

  50,000   (51%)

$ 98,000

 

Payment Terms:

 

$ 48,000.00 due to Seller on signing

 

Notwithstanding anything to the contrary, without our prior written consent (which may be withheld in our sole discretion), you will not, directly or indirectly, offer, pledge, sell, transfer, hypothecate, mortgage, grant or encumber, sell or grant any option, purchase any option, enter into any arrangement or contract to do any of the foregoing, or otherwise transfer, dispose or Encumber any interest in the membership interests comprising the Equity portion of the Consideration set forth above for a period of 180 days after the closing of the offering related to the Asset(s), the “Lock-up Period” 

Upon expiration of the Lock-up Period, you shall be permitted to sell up to, but no more than 2% of the number of interests issued in the Equity portion of the Consideration during any of the trading windows on the Rally platform (as defined in the our offering documents) that are specifically related to the Asset(s) 

 

Additional Terms & Conditions:


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Acknowledged and Agreed:

 

 

 

By: /s/ Christopher Bruno

 

By: /s/ David Leiner

RSE Archive, LLC

 

SELLER (The Topps Company, Inc).

Name:Christopher J. Bruno 

 

Name: David Leiner

Title: Chief Executive Officer 

 

Title: Global GM of Sports & Entertainment


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