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Amendment to Property Management Agreement and Short-Term Rental Co-Host Addendum - 2025-05-19 - 22164 Umland Cir, Jenner, CA 95450.docx

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AMENDMENT TO PROPERTY MANAGEMENT AGREEMENT AND SHORT-TERM RENTAL CO-HOST ADDENDUM This Amendment ("Amendment") is made effective as of May 19, 2025, by and between Beagle LFTY0454 DAO LLC ("Landlord" or "DAO") and ECO Systems, LLC ("Manager"), collectively referred to as the "Parties," to amend the Property Management Agreement and the Short-Term Rental Co-Host Addendum (collectively, the "Agreements") dated May 12, 2025, concerning the property at 22164 Umland Cir, Jenner, CA 95450 ("Premises")

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AMENDMENT TO PROPERTY MANAGEMENT AGREEMENT AND SHORT-TERM RENTAL CO-HOST ADDENDUM This Amendment ("Amendment") is made effective as of May 19, 2025, by and between Beagle LFTY0454 DAO LLC ("Landlord" or "DAO") and ECO Systems, LLC ("Manager"), collectively referred to as the "Parties," to amend the Property Management Agreement and the Short-Term Rental Co-Host Addendum (collectively, the "Agreements") dated May 12, 2025, concerning the property at 22164 Umland Cir, Jenner, CA 95450 ("Premises"). This Amendment is executed pursuant to Section 28 of the Property Management Agreement, requiring approval by a supermajority vote of not less than sixty percent (60%) of the outstanding voting interests of the DAO. Termination for Cause : Section 3 of the Property Management Agreement and the Termination section of the Short-Term Rental Co-Host Addendum are amended to include the following: "The Landlord, through its DAO Officer or a supermajority vote of DAO members, may terminate the Agreements with thirty (30) days' written notice for cause, defined as: (a) Manager's failure to meet any performance metrics outlined in Section 19 of the Property Management Agreement or the 4.7-star average rating target (revised from 4.8 stars) in the Short-Term Rental Co-Host Addendum for two consecutive quarters; (b) gross negligence or willful misconduct by the Manager; or (c) material breach of any provision of the Agreements, uncured within fourteen (14) days of written notice. Termination for cause shall not require supermajority DAO approval beyond the initial notice, provided the cause is documented and shared with all DAO members." Repair and Maintenance Cost Caps : Section 8 of the Property Management Agreement and the Repair Coordination section of the Short-Term Rental Co-Host Addendum are amended to include: "The Manager shall notify the Landlord in writing of all repairs or maintenance expenses exceeding $500, even if below the $1,000 approval threshold, within twenty-four (24) hours of identifying the need. Total unapproved repair and maintenance expenses shall not exceed $2,000 per calendar quarter. If the Operating Reserve is insufficient to cover repair costs, the Manager shall propose a replenishment plan, subject to DAO approval, with contributions proportional to ownership stakes. The Manager shall provide monthly reports on the Operating Reserve balance and usage, accessible to all DAO members via a secure online platform." Non-Interference Exceptions : Section 21–23 of the Property Management Agreement are amended to include: "DAO members, including the seller or primary owner, may contact tenants or guests or visit the Premises for quality control purposes, provided they notify the Manager in writing at least twenty-four (24) hours in advance. Such actions shall not constitute a violation of the non-interference clause. The liquidated damages for unauthorized interference shall be reduced to $1,000 per occurrence, with a first violation resulting in a written warning only, and an aggregate cap of $5,000 per calendar year." Fund Management Transparency : Section 14 of the Property Management Agreement is amended to include: "The Manager shall provide real-time access to the trust account's transaction records via a secure, shared platform accessible to all DAO members. An independent audit of the trust account shall be conducted annually by a third-party accountant, with results shared with the DAO within thirty (30) days of completion. Late or inaccurate financial reports shall incur a penalty of $500 per occurrence, deductible from the Manager's fees." Pricing and Listing Oversight : The Marketing and Guest Experience sections of the Short-Term Rental Co-Host Addendum are amended to include: "The Manager shall submit monthly reports on dynamic pricing, occupancy rates, and listing changes, including proposed modifications to photos or descriptions. Nightly rates shall not fall below $150 or exceed $600 without prior written approval from the DAO Officer or a designated DAO member. The DAO Officer or a designated DAO member shall have veto power over major listing changes, with decisions communicated within forty-eight (48) hours of the Manager's proposal." Dispute Resolution Costs : Section 33–34 of the Property Management Agreement are amended to include: "Mediation and arbitration costs shall be shared equally between the Parties, with a total cap of $10,000 per dispute, unless otherwise agreed. If Lofty AI Inc. has a conflict of interest in facilitating mediation, the Parties shall select a neutral mediator from AAA or JAMS. The entitlement to attorneys' fees in compensation disputes shall apply equally to both Parties, with reasonable fees awarded to the prevailing party." Insurance Clarifications : Section 26 of the Property Management Agreement is amended to include: "The Manager shall name the DAO and the Premises as additional insured on all required insurance policies, with coverage explicitly including risks associated with short-term rentals (e.g., guest injuries, property damage). Certificates of insurance shall be provided to the DAO annually and upon policy renewal." Integration and Effect : This Amendment modifies only the specified provisions of the Agreements. All other terms remain in full force and effect. In case of conflict between this Amendment and the Agreements, this Amendment shall control. This Amendment is binding upon approval by a supermajority vote of not less than sixty percent (60%) of the outstanding voting interests of the DAO, as recorded via the smart contract at https://allo.info/application/{ APP_ID}. IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first above written. DAO Officer Lofty AI Inc. AS DAO Officer of Date Beagle LFTY0454 DAO LLC By: Jerry Chu AS CEO Manager ECO Systems LLC Date By: Earl Vanze Co AS Manager Co-Owner Beagle LFTY0454 DAO LLC Date By: Kraig Clark AS Member