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2026-07-14 - EARLDAO Lender Authorization - 85-104 Alawa Pl, Waianae, HI 96792.md

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EARLDAO Lender Authorization - 85-104 Alawa Pl ECO Deficit Refinance **Borrower:** The property DAO for 85-104 Alawa Pl, Waianae, HI 96792 **Lender:** Ecosystems Asset Recovery Lending DAO LLC (EARLDAO) **Payoff recipient:** ECO Systems LLC **Calculation date:** July 14, 2026 **Status:** Draft - effective only if the property DAO selects the EARLDAO option ## Purpose Authorize EARLDAO to make the 85-104 Alawa Pl loan official and fund a direct payoff to ECO Systems LLC, replacing the informal

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# EARLDAO Lender Authorization - 85-104 Alawa Pl ECO Deficit Refinance

**Borrower:** The property DAO for 85-104 Alawa Pl, Waianae, HI 96792  
**Lender:** Ecosystems Asset Recovery Lending DAO LLC (EARLDAO)  
**Payoff recipient:** ECO Systems LLC  
**Calculation date:** July 14, 2026  
**Status:** Draft - effective only if the property DAO selects the EARLDAO option

## Purpose

Authorize EARLDAO to make the 85-104 Alawa Pl loan official and fund a direct payoff to ECO Systems LLC, replacing the informal ECO deficit with a documented lender asset and borrower liability.

## Maximum Initial Authorization

| Metric | Amount |
|---|---:|
| Accounting principal, no approved retroactive interest | $4,818.27 |
| Maximum 12% retroactive interest through 2026-07-14 | $150.21 |
| Maximum interest-included payoff as of 2026-07-14 | $4,968.48 |

The borrower vote controls whether retroactive interest is included. EARLDAO may not capitalize the hypothetical amount unless that option wins.

## Authorized Terms

- Maximum initial funding equals the borrower-approved payoff refreshed through the actual closing date.
- 12% simple prospective interest, accrued daily without compounding.
- 36-month maturity and no prepayment penalty.
- Loan proceeds are paid directly to ECO Systems LLC and documented as satisfaction of the corresponding ECO receivable.
- Monthly statements must separate principal, interest, payments, and any additional approved advances.
- No additional draws are authorized by this proposal.
- Borrower distributions may resume only after current property obligations, approved reserves, and scheduled loan payments are current.

## Voting Options

1. **APPROVE MATCHING LOAN AUTHORIZATION** - authorize the loan on the terms above if the borrower DAO selects its EARLDAO option.
2. **APPROVE WITH MODIFICATIONS** - specify a lower amount, different term, or other lender condition.
3. **REJECT** - do not fund; require equity conversion or a revised borrower proposal.
4. **ABSTAIN**.

## Conditions Before Funding

- Obtain the certified borrower-DAO vote result.
- Refresh the Baselane reconciliation through closing.
- Execute a promissory note showing actual signature dates.
- Record the ECO payoff and EARLDAO receivable without duplicating the liability.
- Confirm no equity is simultaneously issued for the same settled amount.