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Action by Written Consent - 2025-08-17 - 7542 & 7656 S Colfax Ave, Chicago, IL 60649 - 7542 and 7656 S Colfax Ave, Chicago, IL 60649.pdf

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ACTION BY WRITTEN CONSENT OF THE MANAGER OF Lofty Holding 7542 & 7656 S Colfax Avenue LLC August 17, 2025 The undersigned, being the duly elected representative (the “Representative”) of Lofty Holding 7542 & 7656 S Colfax Avenue LLC, a Delaware limited liability company (the “Company”), the predecessor company for Lofty Holding 7542 & 7656 S Colfax Avenue DAO LLC, a Wyoming decentralized autonomous organization limited liability company, pursuant to Section 18-401 to 18-407 of the Limited Liabil

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ACTION BY WRITTEN CONSENT
OF THE MANAGER OF
Lofty Holding 7542 & 7656 S Colfax Avenue LLC
August 17, 2025
The undersigned, being the duly elected representative (the “Representative”) of Lofty Holding
7542 & 7656 S Colfax Avenue LLC, a Delaware limited liability company (the “Company”), the
predecessor company for Lofty Holding 7542 & 7656 S Colfax Avenue DAO LLC, a Wyoming
decentralized autonomous organization limited liability company, pursuant to Section 18-401 to
18-407 of the Limited Liability Company Act of the State of Delaware and the Limited Liability
Company Agreement of the Company dated December 3, 2021, as may be amended and restated
from time to time (the “LLC Agreement”), hereby adopts the following resolutions by written
consent, effective as of August 17, 2025:

Appointment of Officers
RESOLVED, that the following persons are appointed as officers of the
Company, with authority only on matters that have been duly voted on by the DAO
through its governance program, to the offices set forth opposite their respective names,
to serve until their respective successors are duly appointed and qualified or until any
such officer’s earlier resignation or removal:
Manager:

Jerry Chu

Manager:

Max Ball

Authorized Member:

Earl Vanze Co

Authority of Officers
RESOLVED, that in accordance with the powers of the officers specified in the
LLC Agreement, the officers of the Company are authorized to execute and deliver any
agreement in the name of the Company and to otherwise obligate the Company with
respect to the business of the Company, within general guidelines and budgets approved
by the Representative; provided, however, that the Representative may adopt from time
to time specific limitations on the authority of such officers.

Doc ID: 1368b1748b9285bc53b5473ba72affaffb457e05

Authorization of Residential Property Refinance, Renovation, and Sale
WHEREAS, the Representative has determined that it is in the best interests of
the Company and its stockholders to adopt and approve the refinance, renovation, and
subsequent sale of property located at 7656 S Colfax Avenue, Chicago, IL 60649.
RESOLVED, that the Representative hereby adopts and approves the New
Heights Development LLC Shares Purchase Agreement (the “Purchase Agreement”) on
substantially the terms described within it with such changes or modifications thereto as
may be approved by the appropriate officers of the Company, such officer’s approval to
be conclusively evidenced by the execution and delivery of the Purchase Agreement,
including any documents related thereto.
RESOLVED FURTHER, that the appropriate officers of the Company be, and
each of them hereby is, individually authorized and directed, for and on behalf of the
Company, to execute and deliver the Purchase Agreement, with any such changes
therein, additions thereto, and deletions therefrom as such officer or officers executing
and delivering the same may, in his or their sole and absolute discretion approve, such
approval to be conclusively evidenced by his or their execution and delivery of any such
agreement, instrument, or document with such changes therein.
General
RESOLVED, that the officers of the Company be, and they hereby are,
authorized, directed and empowered to execute any applications, certificates,
agreements or any other instruments or documents or amendments or supplements to
such documents, including any blue sky filings and unit certificates, or to do or to cause
to be done any and all other acts and things as such officers, in their discretion, may
deem necessary or advisable and appropriate to carry out the purposes of the foregoing
resolutions.
RESOLVED, this written consent may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one
and the same written consent.

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Doc ID: 1368b1748b9285bc53b5473ba72affaffb457e05