LeBron James

‘03 Black Refractor BGS 9.5

BUY OUT OFFER REJECTED

Ezra Levine is the CEO of Collectable

Dear Investors,

We are writing to update you on the results of the 48-hour shareholder survey following the increased buyout offer on our LeBron James ‘03 Black Refractor BGS 9.5.

As you know, Collectable received a $160,000 buyout offer on our LeBron James ‘03 Black Refractor BGS 9.5 that IPO’d in December 2020 for $130,00 ($10/share).

Inclusive of Collectable’s equity interests in the offering and broker dealer transaction fees, Collectable would return approximately $11.69 net price per share, if shareholders accept the offer.

This represents a 16.9% return over the IPO price ($10/share) and a 17% net premium over last traded price on Collectable’s secondary market ($9.99).

On a share weighted basis, 66% decided to DECLINE the buyout offer.  As a result, we did not pass the acquisition offer to our advisory committee for review.

As a result, the offer has been declined and the asset will remain on Collectable’s secondary market. Trading will resume tomorrow at 12pm ET.

Thank you,

Ezra Levine

CEO, Collectable