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DAO Resolution Sell Property (2025-02-21) - 1845 W 48th St, Cleveland, OH 44102.pdf

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ACTION BY WRITTEN CONSENT OF THE MANAGER OF Lofty Holding 1845 W 48th Street DAO LLC February 21, 2025 The undersigned, being the duly elected representative (the “Representative”) of Lofty Holding 1845 W 48th Street DAO LLC, a Wyoming limited liability company (the “Company”), pursuant to Section 18-404 of the Limited Liability Company Act of the State of Wyoming and the Limited Liability Company Agreement of the Company dated November 4, 2022, as may be amended and restated from time to time (

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ACTION BY WRITTEN CONSENT
OF THE MANAGER OF
Lofty Holding 1845 W 48th Street DAO LLC
February 21, 2025
The undersigned, being the duly elected representative (the “Representative”) of Lofty Holding
1845 W 48th Street DAO LLC, a Wyoming limited liability company (the “Company”), pursuant
to Section 18-404 of the Limited Liability Company Act of the State of Wyoming and the Limited
Liability Company Agreement of the Company dated November 4, 2022, as may be amended and
restated from time to time (the “LLC Agreement”), hereby adopts the following resolutions by
written consent, effective as of February 21, 2025:
Appointment of Officers
RESOLVED, that the following persons are appointed as officers of the Company,
with authority only on matters that have been duly voted on by the DAO through its
governance program, to the offices set forth opposite their respective names, to serve until
their respective successors are duly appointed and qualified or until any such officer’s
earlier resignation or removal:
Chief Executive Officer:

Jerry Chu

Secretary

Max Ball

Authority of Officers
RESOLVED, that in accordance with the powers of the officers specified in the
LLC Agreement, the officers of the Company are authorized to execute and deliver any
agreement in the name of the Company and to otherwise obligate the Company with respect
to the business of the Company, within general guidelines and budgets approved by the
Representative; provided, however, that the Representative may adopt from time to time
specific limitations on the authority of such officers.
Authorization of Residential Property Sale
WHEREAS, the Representative has determined that it is in the best interests of the
Company and its stockholders to adopt and approve the sale of property located at 1845 W
48th Street, Cleveland, Ohio 44102.
RESOLVED, that the Representative hereby adopts and approves the Sale
Agreement on substantially the terms described within it with such changes or
modifications thereto as may be approved by the appropriate officers of the Company, such

officer’s approval to be conclusively evidenced by the execution and delivery of the
Purchase Agreement, including any documents related thereto.
RESOLVED FURTHER, that the appropriate officers of the Company be, and
each of them hereby is, individually authorized and directed, for and on behalf of the
Company, to execute and deliver the Purchase Agreement, with any such changes therein,
additions thereto, and deletions therefrom as such officer or officers executing and
delivering the same may, in his or their sole and absolute discretion approve, such approval
to be conclusively evidenced by his or their execution and delivery of any such agreement,
instrument, or document with such changes therein.
General
RESOLVED, that the officers of the Company be, and they hereby are, authorized,
directed and empowered to execute any applications, certificates, agreements or any other
instruments or documents or amendments or supplements to such documents, including
any blue sky filings and unit certificates, or to do or to cause to be done any and all other
acts and things as such officers, in their discretion, may deem necessary or advisable and
appropriate to carry out the purposes of the foregoing resolutions.
RESOLVED, this written consent may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one
and the same written consent.

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