[Advance] Fixed Return - Jory Boy Sound Recording Royalties

HOW THIS INVESTMENT WORKS 

As the winning bidder, you will collect monthly payments until you receive the fixed amount of $71,000 from this asset. You will collect all of the royalties from this asset until the annual cap is reached in any given year. 

At the end of Year 6 (payment 72), if repayment of the fixed amount is not achieved, you will continue to receive monthly payments until recouped, not subject to an annual cap.  

 

EARLY REPAYMENT

The seller of this asset can repay the remaining advance balance at any time. For example: After two years, this asset has paid you $26,000. If the seller wants the royalty stream back, they can pay you $45,000 to reclaim the royalties.

 

REPAYMENT SCHEDULE

Repayment Year	Annual Cap
Year 1 (Includes payments 1-12)	$13,000
Year 2 (Includes payments 13-24)	$12,000
Year 3 (Includes payments 25-36)	$12,000
Year 4 (Includes payments 37-48)	$12,000
Year 5 (Includes payments 49-60)	$11,000
Year 6 (Includes payments 61-72)	$11,000

ADJUSTMENT NOTE: 
In October 2021 you'll notice a decline in domestic earnings. This is the result of a one-time debit from Sirius XM/SoundExchange related to prior period overpayments. This is not expected to occur again. Earnings in October 2021 excluding this debit were $1,168.