Zion Williamson

’19-’20 NT RPA BGS 9

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 Zion Williamson ’19-’20 NT RPA BGS 9.

As you know, Collectable received an offer to acquire Zion Williamson ’19-’20 NT RPA BGS 9 for $75,000. The asset was offered on Collectable for $129,000 ($20/share). The asset has been trading on Collectable’s secondary market and last closed at $70,950 ($11/share), down 45% since IPO.

Inclusive of Collectable’s equity interests in the offering and broker-dealer transaction fees, Collectable would return approximately $11.18 net price per share following a positive survey of shareholders and decision by the Manager. This represents a -44.1% net return over the IPO price and a 1.64% net premium over last traded price on Collectable’s secondary market.

On a share weighted basis, 74% 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