EX1A-6 MAT CTRCT 13 vvml_ex6z16.htm VV-RHONE PURCHASE OPTION AGREEMENT

Exclusive Purchase Option Agreement

 

As of 9/28/2021

 

This exclusive purchase option agreement (the “Option Agreement”) is made between VV Markets, LLC (“Purchaser” or “us”) and Bordeaux Index Ltd. (“Seller” or “you”) with regard to the assets described below (each individually an “Asset”, collectively the “Assets”).

 

Key Deal Points

-You will supply the Asset(s) to the Purchaser, 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.  

-For a period of eight (8) weeks from the date of this Option Agreement (the “Period”), you grant us the exclusive right to purchase the Asset(s).  

Your Rights and Obligations

-You have the ability to supply the Assets listed in the Asset Table. 

-Upon sourcing, 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 allocated cases or bottles of the Collection 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”. 

-Upon the completion of the offering, you will continue to store, maintain, and insure the assets, in exchange for the payment of storage fees 

The Results:

-Upon the successful completion of the relevant offering through the Vint 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. 

Other:

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

-Bordeaux Index Ltd operates in the UK and uses the Great British Pound. In a scenario where the GBP/USD conversion rate changes materially during the option period, each party reserves the right to change the Total Acquisition Cost. Proper disclosure will be made if there is a change to the Total Acquisition Cost. A change of +500 basis points or -500 basis points constitutes a material conversion rate change.  


Asset Table

Great Domaines of Rhone Collection

Wine

Vintage

Bottles

Notes

Guigal Cote Rotie La Turque

2015

36

 

Guigal Cote Rotie La Turque

2010

36

 

Guigal Cote Rotie La Landonne

2010

36

 

Guigal Cote Rotie La Landonne

2016

36

 

Guigal Cote Rotie La Mouline

2010

36

 

Guigal Cote Rotie La Mouline

2015

36

 

Jaboulet Hermitage La Chapelle

2015

36

 

Ch Beaucastel Hommage a Jacques Perrin

2017

36

 

Chapoutier Hermitage L'Ermite

2019

36

 

Pegau Cuvee da Capo

2016

36

 

 

 

Description:

Domaines of Rhone Collection

Total Acquisition Cost:

$135,700

Consideration:

Cash (%)

Equity (%)

Total

 

$135,700 (100%)

               (0%)

$135,700

Other Terms:

 

 

 

Acknowledged and Agreed:

 

 

 

 

 

 

 

 

/s/Nicholas King

 

/s/ Matthew O’Connell      

 

 

 

 

 

 

VV Markets

 

Seller

Name: Nicholas King                

 

Name: Matthew O’Connell    

Title: Chief Executive Officer

 

Title: Director