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Terms & Conditions for Fractional Ownership in Classic Cars (Investment Only)

1. Introduction:
This document outlines the terms and conditions (T&Cs) for acquiring fractional ownership in classic and modern classic cars offered by [Your Company Name]. This ownership is for investment purposes only, and shareholders will not have the right to use the vehicles personally.

2. Definitions:
Company: Shares by Vintage Motors
Shareholder: An individual who owns one or more shares in a classic car owned by the Company.
Car: A specific classic or modern classic car owned by the Company and divided into shares.
Share: A unit of ownership in a Car, representing a proportional interest in its value and potential returns.

3. Investment Purpose:
By purchasing shares, you understand and agree that you are acquiring an investment in the specified Car, not the right to use the Car. Your return on investment is primarily based on the potential appreciation of the Car's value and any income generated from its potential display or participation in events.

4. Risks and Disclosures:
Investment Risk: The classic car market is subject to fluctuations, and the value of your shares could decrease. There is no guarantee of financial return.
Liquidity Risk: Shares are not publicly traded and may be difficult to sell. The Company may offer a buyback program at its discretion, but at a fair market price which may be lower than the purchase price.
Use and Storage: You will not have the right to use the Car personally. The Company will manage the Car's storage, maintenance, insurance, and potential display or event participation. Costs associated with these activities will be shared proportionally among shareholders.
Voting Rights: Each share may carry one vote on certain matters related to the Car, as defined in the governing documents of the specific Car ownership entity.
Tax Implications: You are responsible for consulting with your own tax advisor to understand the potential tax implications of owning shares in classic cars.

5. Purchase and Ownership:
Shares are purchased electronically through the Company's platform.
The minimum investment amount per Car may vary depending on the specific Car and its value.
Upon purchase, you will receive a digital certificate confirming your ownership of the specified number of shares.
The Company will hold the Car title in trust for the benefit of the shareholders.

6. Management and Fees:
The Company will manage all aspects of Car ownership, including storage, maintenance, insurance, and potential display or event participation.
Management fees will be charged annually as a percentage of the Car's value and shared proportionally among shareholders.
Additional fees may apply for specific activities like event participation or restoration work.

7. Termination and Distribution:
The Company may terminate the ownership of a Car upon specific events, such as damage beyond repair or significant market value decline.
In such cases, the Car will be sold, and the proceeds, after deducting expenses, will be distributed to shareholders proportionally based on their ownership.
Shareholders may also vote to sell the Car at any time, subject to specific voting requirements outlined in the governing documents.

8. Disclaimers and Warranties:
The Company makes no warranties regarding the future value of the Car or your potential return on investment.
The Company represents the Car's condition and history to the best of its knowledge but is not responsible for any undisclosed issues or errors.

9. Governing Law and Dispute Resolution:
These T&Cs and any disputes arising from them will be governed by the laws of [Your Jurisdiction].
Any disputes will be resolved through [Dispute Resolution Method, e.g., mediation, arbitration, court].

10. Amendments:
The Company reserves the right to amend these T&Cs at any time by providing reasonable notice to shareholders.

For further details, please refer to the Company's website or contact our customer support team.

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