Alternative Asset Rights

In certain cases, the issuer doesn't own the underlying asset directly, holding other economic rights instead. For example:

• The right to extract mineral resources or harvest forest from a piece of land, rather than the land directly.

• The income stream from a pool of real estate rather than properties themselves.

• The issuer is raising capital in order to purchase the underlying asset that they don't own yet, such as a piece of property to be renovated.

In the first two examples, the issuer must demonstrate the proof of holding corresponding rights and the terms under which those rights apply or can be revoked. A typical document would be a concession or a least agreement with the government. In the latter example, issuers must demonstrate that asset is properly owned by the current owner and is unencumbered. Ideally, the current owner should accept an obligation to avoid transferring the asset for the duration of the sale and to sell it to the issuer upon completion of the offering.

Data points:

1. Upload of the documents demonstrating alternative rights regarding the asset

2. Optional: verification by the legal provider from Stobox 4 marketplace