Michael Jordan

’09 Exquisite Rookie Flashback Patch Auto BGS 8.5

BUY OUT OFFER REJECTED

Ezra Levine is the CEO of Collectable

Dear Investor,

We are writing to update you on the results of the 48-hour shareholder survey following the buyout offer on our Michael Jordan ’09 Exquisite Rookie Flashback Patch Auto BGS 8.5 #’d /23

As you know, Collectable received an offer to acquire Michael Jordan ’09 Exquisite Rookie Flashback Patch Auto BGS 8.5 #’d /23 for $90,000. The asset was offered on Collectable for $165,000 ($10/share). The asset has been trading on Collectable’s secondary market and last closed at $70,950 ($4.30/share), down 57% since IPO.

Inclusive of Collectable’s equity interests in the offering and broker-dealer transaction fees, Collectable would return approximately $4.91 net price per share following a positive survey of shareholders and decision by the Manager. This represents a -50.9% net return over the IPO price and a 12.42% net premium over last traded price on Collectable’s secondary market.

On a share weighted basis, 75% chose to REJECT the buyout offer. As a result, the Manager has declined the buyout offer. The asset will continue to trade on Collectable’s secondary market.

All the best,

Ezra Levine

CEO, Collectable