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superseded-EARLDAO-ALAWA-SETTLEMENT-PROPOSAL-2026-06-26 - 85-104 Alawa Pl, Waianae, HI 96792.docx

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DAO GOVERNANCE PROPOSAL Subject: Settlement of 85-104 Alawa outstanding debts and reserve deficits through dilutive equity conversion or default EARLDAO loan Property: 85-104 Alawa Pl, Waianae, HI 96792 Borrower DAO: Poodle LFTY0452 DAO LLC Effective Date Authorized: July 1, 2025, with actual execution dates to be shown on signature pages Status: Draft - pending DAO review and vote Summary This proposal authorizes Poodle LFTY0452 DAO LLC to settle outstanding property-level obligations to EARLDA

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DAO GOVERNANCE PROPOSAL Subject: Settlement of 85-104 Alawa outstanding debts and reserve deficits through dilutive equity conversion or default EARLDAO loan Property: 85-104 Alawa Pl, Waianae, HI 96792 Borrower DAO: Poodle LFTY0452 DAO LLC Effective Date Authorized: July 1, 2025, with actual execution dates to be shown on signature pages Status: Draft - pending DAO review and vote Summary This proposal authorizes Poodle LFTY0452 DAO LLC to settle outstanding property-level obligations to EARLDAO arising from negative cash-balance support and reserve deficits. The primary settlement path converts the approved obligation into dilutive equity issued to EARLDAO. If the equity settlement is not completed by the implementation deadline, the unpaid obligation defaults into an EARLDAO promissory note bearing 12% annual interest, compounded annually, plus a 2% origination fee. Financial Calculation Metric Value Calculation as of 2026-06-26T00:00:00 Current cash balance $-6,495.20 Principal deficit / amount advanced by EARLDAO $6,495.20 Negative-balance interest on or after July 1, 2025 $19.69 Base obligation for default loan $6,514.89 2% origination fee $130.30 Default loan amount, July 1 effective basis $6,645.19 Negative-balance days on/after July 1, 2025 28 All-ledger interest, including pre-July-1 support $26.69 All-ledger default loan amount if pre-July-1 support is included $6,652.33 Calculation source: Cash Balance & EARLDAO Interest - 85-104 Alawa Pl.xlsx, recalculated from the merged workbook ledger and current local ECO Systems General Ledger through June 26, 2026. Proposal Approve the verified July 1 effective-basis obligation of $6,514.89 before origination fee. Authorize settlement by issuing dilutive equity to EARLDAO at a valuation, share count, and cap-table treatment approved by DAO members and reflected in final implementation records. If the equity issuance is not completed by the stated deadline, automatically convert the unpaid obligation into an EARLDAO loan in the principal amount of $6,645.19, inclusive of the 2% origination fee. Authorize loan documentation to be effective as of July 1, 2025 solely to memorialize the inter-DAO support arrangement, provided the documents also state the actual execution date and do not misstate when signatures occurred. Authorize ECO Systems, LLC and Lofty AI, Inc. to administer records, payment routing, and member reporting for the settlement or loan conversion. Loan Fallback Terms Principal: $6,645.19 on the July 1 effective-date basis, subject to final ledger true-up at execution. Interest: 12% per annum, compounded annually, accruing on unpaid principal after conversion/default. Origination fee: 2% of the base obligation, calculated as $130.30 and added to principal if unpaid at conversion. Maturity: one year after the effective loan date unless extended by EARLDAO approval. Prepayment: permitted without penalty, with payments applied first to fees, then accrued interest, then principal unless the final note states otherwise. Voting Options APPROVE - authorize the equity settlement and fallback EARLDAO loan terms. APPROVE WITH MODIFICATIONS - approve subject to specified changes to amount, valuation, timing, or documentation. REJECT - reject the settlement and require a revised proposal. ABSTAIN - no position. Implementation Notes Final documents should be reviewed by counsel or the DAO’s authorized legal reviewer before execution. The attached promissory note draft uses an effective date rather than a false signature date. If the DAO elects to include pre-July-1 support, use $6,652.33 instead of $6,645.19 for the fallback loan amount.