← 6914 Polonia Ave, Cleveland, OH 44105 · All properties

62 Folcroft Ln - Notice-of-Interest-Memorandum-62-Folcroft-Ln - 6914 Polonia Ave, Cleveland, OH 44105.md

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

NOTICE OF INTEREST / MEMORANDUM OF AGREEMENT --- **STATE OF FLORIDA** **COUNTY OF FLAGLER** --- ## DOCUMENT INFORMATION · Field · Value · · ------- · ------- · · **Property Address** · 62 Folcroft Ln, Palm Coast, FL 32137 · · **DAO LLC Name** · Lofty Holding 6914 Polonia Avenue DAO LLC · · **Recording Date** · [Date to be recorded] · · **Filing Party** · Earl Co, Authorized Representative · --- ## NOTICE OF INTEREST TO ALL PERSONS WHOM IT MAY CONCERN: Notice is hereby given that **Lofty Holding 69

Text Preview

# NOTICE OF INTEREST / MEMORANDUM OF AGREEMENT

---

**STATE OF FLORIDA**
**COUNTY OF FLAGLER**

---

## DOCUMENT INFORMATION

| Field | Value |
|-------|-------|
| **Property Address** | 62 Folcroft Ln, Palm Coast, FL 32137 |
| **DAO LLC Name** | Lofty Holding 6914 Polonia Avenue DAO LLC |
| **Recording Date** | [Date to be recorded] |
| **Filing Party** | Earl Co, Authorized Representative |

---

## NOTICE OF INTEREST

TO ALL PERSONS WHOM IT MAY CONCERN:

Notice is hereby given that **Lofty Holding 6914 Polonia Avenue DAO LLC**, a Wyoming limited liability company, holds a beneficial ownership interest in the real property located at:

**62 Folcroft Ln, Palm Coast, FL 32137**

### Nature of Interest

1. **Tokenized Ownership Structure**: The DAO LLC represents fractional ownership interests held by token holders through the Lofty.ai marketplace platform.

2. **Property Management Agreement**: The DAO LLC entered into a property management agreement with Yhome Nursing LLC regarding the above-referenced property.

3. **Unauthorized Transfer**: The deed to said property was transferred to Yhome Nursing LLC without proper authorization from the DAO LLC token holders per the governance procedures required by the Operating Agreement.

4. **Reserved Rights**: The DAO LLC reserves all rights, title, and interests in and to said property, including but not limited to:
   - All rental income and security deposits
   - Insurance proceeds
   - Tax benefits and obligations
   - Appreciation and equity interests
   - All other incidents of ownership

### Warning to Third Parties

Any person or entity dealing with Yhome Nursing LLC, Calixte Duffaut, or any successor in interest regarding this property does so with notice of the DAO LLC's claim. Any transfer, encumbrance, or disposition of the property without DAO LLC authorization shall be subject to the DAO LLC's superior equitable and legal claims.

---

## MEMORANDUM OF AGREEMENT

This Memorandum is entered into to provide public notice of the following agreements and understandings:

### 1. Property Management Relationship
The DAO LLC engaged Yhome Nursing LLC as property manager for the subject property under a Property Management Agreement.

### 2. Unauthorized Deed Transfer
Yhome Nursing LLC caused or permitted the property deed to be transferred to itself without:
- DAO LLC member approval via governance vote
- Compliance with the Operating Agreement's transfer procedures
- Fair consideration to the DAO LLC token holders

### 3. Withheld Funds
Yhome Nursing LLC is currently withholding funds belonging to the DAO LLC, including but not limited to:
- Rental proceeds
- Security deposits
- Reserve funds
- Insurance proceeds
- Refinance/sale proceeds

### 4. Claims and Causes of Action
The DAO LLC asserts claims against Yhome Nursing LLC and Calixte Duffaut for:
- Breach of fiduciary duty
- Conversion of DAO assets
- Unjust enrichment
- Fraudulent transfer
- Breach of property management agreement

### 5. Pending Resolution
The parties acknowledge that disputes exist regarding the proper ownership, control, and disposition of the subject property and related funds. This Notice shall remain in effect until such disputes are resolved by:
- Mutual written agreement of the parties
- Final judgment of a court of competent jurisdiction
- Arbitration award pursuant to the Property Management Agreement

---

## AUTHORIZATION

I, **Earl Co**, being duly authorized as a representative of **Lofty Holding 6914 Polonia Avenue DAO LLC**, hereby execute this Notice of Interest / Memorandum of Agreement for the purpose of providing public notice and protecting the interests of the DAO LLC and its token holders.

Executed this _____ day of _______________, 20____.

---

**Authorized Representative Signature:**

_______________________________
**Earl Co**
Authorized Representative
**Lofty Holding 6914 Polonia Avenue DAO LLC**

---

## ACKNOWLEDGMENT

**STATE OF FLORIDA** )
                              ) SS
**COUNTY OF FLAGLER** )

On this _____ day of _______________, 20____, before me, the undersigned notary public, personally appeared **Earl Co**, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity as **Authorized Representative** of **Lofty Holding 6914 Polonia Avenue DAO LLC**, and that by his signature on the instrument, the entity executed the instrument.

WITNESS my hand and official seal.

_________________________________
**Notary Public Signature**

My Commission Expires: _________________

---

## CERTIFICATION

I certify that this Notice of Interest / Memorandum of Agreement is a true and accurate statement of the DAO LLC's position regarding the subject property, executed in accordance with the DAO LLC's Operating Agreement and applicable Wyoming law.

_______________________________
**Earl Co**
Authorized Representative
**Lofty Holding 6914 Polonia Avenue DAO LLC**

Date: _______________

---

**[END OF DOCUMENT]**

---

## FILING INSTRUCTIONS

1. **Record this document** with the Flagler County Recorder's Office
2. **Pay recording fees** as required by the county
3. **Obtain certified copies** for DAO LLC records
4. **Serve copies** on Yhome Nursing LLC and Calixte Duffaut
5. **Update title records** with title insurance company if applicable

---

*This document is intended to provide public notice of the DAO LLC's interests. It does not constitute legal advice. Consultation with qualified legal counsel is recommended before filing.*