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Operating Agreement Addendum - Wind Cave LFTY0301 DAO LLC.pdf

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Description

Addendum to Operating Agreement for Wind Cave LFTY0301 DAO LLC: 1. Seller will pay a Rental Yield of 15% to all investors monthly. 2. Tokens will automatically be clawed back on February 8th, 2027, and owners will receive funds at $52/token. There are no fees when tokens are automatically bought back, e.g., if you bought 2 tokens, you’d receive $104 total. 3. Clawback is enabled. 4. Seller will put up 60% of their ownership in the property as collateral. If the seller is late on their interest p

Extracted Content

Addendum to Operating Agreement for Wind Cave LFTY0301 DAO LLC: 1. Seller will pay a Rental Yield of 15% to all investors monthly. 2. Tokens will automatically be clawed back on February 8th, 2027, and owners will receive funds at $52/token. There are no fees when tokens are automatically bought back, e.g., if you bought 2 tokens, you’d receive $104 total. 3. Clawback is enabled. 4. Seller will put up 60% of their ownership in the property as collateral. If the seller is late on their interest payment by over 90 days, the other investors can vote, via a Supermajority of 60%+, to claw back the remaining 60% of the seller's ownership. 5. If the seller defaults on their current loan, the loan will be transferred to the DAO LLC, and the other investors can vote, via a Supermajority of 60%+, to claw back the remaining 60% of the seller's ownership. 6. If the seller does not buy back tokens within 90 days of the buy-back date, the other investors can vote, via a Supermajority of 60%+, to claw back the remaining 60% of the seller's ownership. Miriam Jones: ___________________________________________ Wind Cave LFTY0301 DAO LLC: ––––––––––––––––––––––––––––––––––––––––––– Doc ID: 7de386b4ab