When the athlete earns qualifying compensation at the highest applicable professional level, the Brand Amounts payable to the Series are generally expected to equal the applicable Brand Percentage multiplied by the athlete’s gross qualifying earnings before athlete-level taxes, as defined in the Brand Advisory Agreement. After the Series receives those amounts and has available Free Cash Flow, distributions are expected quarterly and are generally allocated pro rata among outstanding Units.
Series operating fees and expenses are currently expected to be negligible relative to Brand Amounts received, but actual expenses, taxes, reserves, other obligations, timing, and Manager discretion may affect the amount available. Distributions are not guaranteed.
Review the applicable Offering Circular for the exact Brand Percentage, Brand Amount definition, Unit terms, allocation method, expenses, and distribution provisions. The Offering Circular controls. SEC qualification permits sales of the qualified offering; it is not SEC approval, recommendation, endorsement, or a suitability determination.