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Property Management Agreement - 22164 Umland Cir, Jenner, CA 95450.pdf

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From: Max Ball max@lofty.ai Subject: Re: Property Management Agreement - 22164 Umland Cir, Jenner, CA 95450 Date: May 24, 2025 at 5:13 AM To: Earl Co earlvanze@gmail.com Cc: Kraig Clark clark.kraig@gmail.com, Jerry Chu jerry@lofty.ai Confirming the P2P transfer has been completed––sending out the vote now! On Fri, May 23, 2025 at 8:28 AM Max Ball <max@lofty.ai> wrote: Thanks for the heads up Earl. I'll keep you posted once the P2P trade is recorded. On Thu, May 22, 2025 at 11:10 PM Earl Co <earl

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From: Max Ball max@lofty.ai
Subject: Re: Property Management Agreement - 22164 Umland Cir, Jenner, CA 95450
Date: May 24, 2025 at 5:13 AM
To: Earl Co earlvanze@gmail.com
Cc: Kraig Clark clark.kraig@gmail.com, Jerry Chu jerry@lofty.ai
Confirming the P2P transfer has been completed––sending out the vote now!
On Fri, May 23, 2025 at 8:28 AM Max Ball <max@lofty.ai> wrote:
Thanks for the heads up Earl. I'll keep you posted once the P2P trade is recorded.
On Thu, May 22, 2025 at 11:10 PM Earl Co <earlvanze@gmail.com> wrote:
Hi Max,
We have completed the trade. Please record 888 of 22164 Umland sent to me in exchange for 157 of 86 Madison and 731 of 85-105
Alawa sent to Kraig.
Relevant TX IDs:
https://allo.info/tx/B3DBXDU4XPAXH3PIYFZTYA2AF3MVV2RGWK5DTEF4LJ4AWZIQ3E4Q
https://allo.info/tx/USAUVLQKIJ2D4R7AYXGCTSHWZJONK75QGTOYTNMTSKZJ5AWZ24XA
https://allo.info/tx/KYASSWTETWIEALQCKGYHLBVGVLYN5ATIGTSPVAZC4MJTQFJX3TAA
By the way Kraig, I don’t recommend you sell those Alawa shares for anything less than $65/token. You actually got a $15/share equity
bonus right there that I didn’t account for in my original offer whoops. I trust we’ll both come out ahead in the long run and I am
dedicated to bringing Umland to its highest and best performance.
Thanks,
Earl
On May 21, 2025, at 5:30 PM, Max Ball <max@lofty.ai> wrote:
Got it, sounds good. There's a lot of equity here compared to other properties on Lofty. Let me know once the P2P is done and we'll
record it, then send out the governance vote.
On Wed, May 21, 2025 at 4:28 PM Earl Co <earlvanze@gmail.com> wrote:
Oh LOL I’ll trade him P2P for some of my 85-104 Alawa and 86 Madison then! Forgot how expensive this property was and has a
relatively low LTV.
On May 21, 2025, at 5:25 PM, Max Ball <max@lofty.ai> wrote:
Got it, the total would be 888 tokens to get Kraig's ownership down to 90% flat.
On Wed, May 21, 2025 at 4:21 PM Earl Co <earlvanze@gmail.com> wrote:
I’m happy to buy 7% of equity even if temporarily.
On May 21, 2025, at 5:20 PM, Max Ball <max@lofty.ai> wrote:
Hey Kraig (Earl CC'd) - I'm just now noticing that you still hold 97% of the tokens (I wasn't aware of this previously when I
spoke with Earl about managing your property). Unfortunately, a governance vote cannot pass until 10% of the tokens
have been sold per the governance mechanism.
There is a liquidity pool for your property now, so you're able to instantly sell tokens using market orders––there will be
price slippage for larger orders, which you'll be able to see before you actually submit the order.
If you have any questions on this, just let me know.
All the best,
Max
On Tue, May 20, 2025 at 6:16 PM Kraig Clark <clark.kraig@gmail.com> wrote:
Subject: Governance Proposal to Transition Day-to-Day Property Management at 22164 Umland Cir
Fellow co-owners,
I am proposing to transition the day-to-day short-term rental property management of 22164 Umland Cir, Jenner, CA
95450 to ECO Systems LLC (Earl Co) to manage STR operations as co-host. This includes execution of a
comprehensive property management agreement and a specialized short-term rental co-hosting addendum.
ECO Systems LLC will:
• Manage day-to-day short-term rental operations as co-host.
• Use the existing Airbnb listing as the primary host to retain strong guest review history for this property.
• Implement automation, dynamic pricing, guest experience oversight, and property upkeep.
Earl's Superhost accounts are below for reference:
https://www.airbnb.com/users/show/403286459
https://airbnb.com/p/earlbnb
The following three documents are attached for DAO members to review:

1. Property Management Agreement – appoints ECO Systems LLC as Manager for the Premises for a renewable fiveyear term.
2. Short-Term Rental Co-Host Agreement – outlines scope of services, performance expectations, guest experience
standards, and repair coordination policies specific to short-term rental operations.
3. Amendment to Property Management Agreement and Short-Term Rental Addendum – includes updates to termination
rights, repair cost caps, DAO member access protocols, fund transparency, listing pricing controls, insurance
requirements, and dispute resolution procedures.
As co-owner, DAO Member, and proposer, I recommend approval of this governance proposal and adoption of these
agreements by supermajority vote.
--Voting Options:
Option 1 – YES: Approve the appointment of ECO Systems LLC as Manager and Co-Host, and ratify the attached
agreements effective May 19, 2025.
Option 2 – NO: Reject the proposed transition and retain the current management structure.
Option 3 – ABSTAIN: No vote.
--Please publish this proposal to DAO members for formal vote and link it to the smart contract for Beagle LFTY0454 DAO
LLC.
Let me know if you need further edits or materials for distribution.
Best regards,
Kraig Clark
Co-owner – Beagle LFTY0454 DAO LLC

--

Max Ball
Co-Founder at Lofty

Email: max@lofty.ai
Website: https://www.lofty.ai/
LinkedIn: https://www.linkedin.com/in/maxball/
Phone: 818-456-6250

--

Max Ball
Co-Founder at Lofty

Email: max@lofty.ai
Website: https://www.lofty.ai/
LinkedIn: https://www.linkedin.com/in/maxball/
Phone: 818-456-6250