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DAO_Amendment_AntiWhale_Governance - 22164 Umland Cir, Jenner, CA 95450.pdf

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AMENDMENT NO. 1 TO THE OPERATING AGREEMENT OF Beagle LFTY0454 DAO LLC This Amendment No. 1 (“Amendment”) to the Operating Agreement (“Agreement”) of Beagle LFTY0454 DAO LLC (the “DAO”) is adopted by the Members pursuant to Article IX and the unanimous consent requirements therein. This Amendment supplements and supersedes certain voting and governance provisions of the Agreement. All capitalized terms retain the meaning assigned in the Operating Agreement. ARTICLE X — ANTI-CONCENTRATION GOVERNAN

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AMENDMENT NO. 1
TO THE OPERATING AGREEMENT OF
Beagle LFTY0454 DAO LLC
This Amendment No. 1 (“Amendment”) to the Operating Agreement (“Agreement”) of Beagle
LFTY0454 DAO LLC (the “DAO”) is adopted by the Members pursuant to Article IX and the unanimous
consent requirements therein. This Amendment supplements and supersedes certain voting and
governance provisions of the Agreement. All capitalized terms retain the meaning assigned in the
Operating Agreement.
ARTICLE X — ANTI-CONCENTRATION GOVERNANCE MECHANISMS
Section 10.01 — Quadratic Governance Voting Standard
1. Notwithstanding Section 10 of the Agreement, all Member voting rights shall be calculated using a
Quadratic Voting mechanism:
Voting Power = √(Membership Tokens Held)
2. Quadratic voting shall apply to all matters requiring Member approval.
3. The underlying smart contract shall implement and enforce this standard pursuant to Section
17-31-106 of the Wyoming DAO Supplement.
Section 10.02 — Per-Wallet Voting Power Caps
1. No Member may exercise more than 25% of total voting power on any proposal.
2. Wallets acting in coordination shall be treated as a single Member.
3. Wallets holding fewer than 50 tokens are exempt unless clear evidence of coordination exists.
Section 10.03 — Time-Weighted Voting (Holding Duration Multiplier)
Adjusted Voting Power = √(Tokens) × (1 – e^(–t/180)), where t = days held.
This mechanism encourages long-term participation and deters flash accumulation.
Section 10.04 — Anti-Whale Issuance & Purchase Limits
1. No Member may acquire more than 1% of any new issuance within 24 hours.
2. Purchases require a 48-hour cooldown between rounds.
3. Progressive pricing tiers may be implemented in favor of small purchasers.
Section 10.05 — Vesting of Newly Issued Governance Tokens
1. Newly issued tokens shall be subject to a minimum 90-day governance vesting period.
2. Tokens may transfer freely but do not confer voting rights until vested.
Section 10.06 — Anti-Concentration Alerts & Automatic Review
1. A “Concentration Trigger Event” occurs when a Member reaches:
a. 15% of total tokens, or
b. 20% of total voting power under quadratic voting.
2. Upon such event, the smart contract shall:
a. Notify Members;
b. Freeze governance changes for 7 days;
c. Permit Members to propose additional safeguards.
Section 10.07 — Multi-Sig Controls for High-Impact Decisions
Any of the following decisions require 3-of-5 multisignature authorization:
• Property sale or refinancing
• Treasury disbursement > $10,000

• Dissolution or major asset transfer
Execution
This Amendment is hereby incorporated into the Operating Agreement of the DAO upon approval by
unanimous consent of the Members, pursuant to Article IX of the Agreement.