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Beneficiary Management Agreement - 85-104 Alawa Pl, Waianae, HI 96792.pdf

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BENEFICIARY MANAGEMENT AGREEMENT Background A. The subject property of this agreement is located at 85-104 Alawa Place, Waianae, Hawaii 96792 referred to hereunder as the ‘The Premise’ B. The Premise is currently held in trust as The 85-104 Alawa Pl Trust, No. 2503180214, Dated 3/18/2025 referred to hereunder as ‘The Trust’. C. The Trust’s nominee is Equity Holding Corp. as Trustee of The 85-104 Alawa Pl Trust Dated 3/18/2025, No.2503180214 referred to hereunder as ‘The Trustee’. D. The appointe

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BENEFICIARY MANAGEMENT AGREEMENT
Background
A. The subject property of this agreement is located at 85-104 Alawa Place, Waianae, Hawaii
96792 referred to hereunder as the ‘The Premise’
B. The Premise is currently held in trust as The 85-104 Alawa Pl Trust, No. 2503180214,
Dated 3/18/2025 referred to hereunder as ‘The Trust’.
C. The Trust’s nominee is Equity Holding Corp. as Trustee of The 85-104 Alawa Pl Trust
Dated 3/18/2025, No.2503180214 referred to hereunder as ‘The Trustee’.
D. The appointed member of The Trust to serve as managing member according to the terms set
out below is Poodle LFTY0452 DAO LLC referred to as ‘The Manager’.
E. Collectively, the Trustee and the Manager will be referred to as ‘The Parties’.
F. The Manager shall establish or have established a trust account for the purpose of holding,
collecting and disbursement of trust funds hereinafter referred to as ‘The Account’.
G. This is an agreement (‘The Agreement’) to agree to terms with The Manager to manage The
Premise as agreed herein.
H. The Date of the Agreement is established upon its execution date.
IN CONSIDERATION OF the Trustee appointing the Manager to manage the Premises, both parties
agree to keep, perform and fulfil the following promises, conditions and agreements:
Appointment of Agent
1. The Trustee hereby appoints and grants the Manager the exclusive right to rent, lease, operate and
manage the Premises.
Term
2. This Agreement shall run until such time as this agreement has been revoked by the Trustee in
accordance with its duties as trustee or such time as The Premise is no longer held in The Trust.
Right to Terminate
3. During the Term, the Trustee may terminate this Agreement at any time in accordance with its
obligation as the Nominee Trustee. The Manager must satisfy all terms and conditions of this
Agreement and the related Trust Agreements. Any default of such terms and conditions may result
in the termination of this Agreement by the Trustee.
Leasing
4. The Trustee hereby grants the Manager power to create rental agreements related to the Premises.
Security Deposits
5. All security deposits collected must be deposited and held in accordance with the laws of the state
in which the property is located. Returning said security deposit shall be the responsibility of the
Manager upon vacating tenants.
Monthly Lease Payments
6. The Parties agree that the Manager shall manage all lease payments. Any amount owed to the
Trust shall be deposited monthly in the Account. Any default in monies owed by Manager in the
related Trust Agreements shall be considered a default in this Agreement.

Repairs/ Maintenance
7. The Trustee hereby gives power to the Manager to supervise repairs, improvements, alterations,
and decorations to the Property as well as purchase and pay bills for services and supplies. Any
funds expensed which shall require reimbursement from the trust must be approved by
beneficiaries in writing prior to such expenditures.
Accordance with Federal and State Law
8. All services provided by The Manager shall comply with federal, State, or local law. To include
but not limited to Fair Housing obligation, signage, financial reporting, zoning, and all enacted
laws governing its role as The Manager.
Evictions
9. The Trustee hereby gives power to the Manager to sign and serve notices on the Trustee’s behalf
and prosecute actions to evict tenants; recover possession of the Premises; recover rents and other
sums due; and, when expedient, settle, compromise and release claims, actions, and suits and/or
reinstate tenancies.
Lease Alterations
10. The Trustee hereby gives power to the Manager to initiate, sign, renew, modify, or cancel rental
agreements and leases for the Premises, or any part thereof and collect and give receipts for rents,
other fees, charges, and security deposits.
11. Permitted rental agreements could include: Fixed- Term arrangements not exceeding 2 years and
11 months, month to month rental arrangements in accordance with the Governing Law, vacation
rentals or other rental periods so long as they do not exceed the herein established limit.
Due Diligence
12. The Manager accepts the appointment of the Trustee and agrees to use due diligence in the
performance of this Agreement while furnishing their services to properly lease, maintain, and
continue the operation and management of the Premises.
Funds
13. All funds shall be held in the Account and be the responsibility of the Manager. All funds
managed under this section must be done so in accordance with applicable law. The Manager
upon request shall be obligated to provide full reports of all funds being managed and access to
the Account.
Advertising
14. The Trustee grants the Manager the right to display "For Rent / Lease" and similar signage on the
Premises and advertise the availability of space through publications and online marketing
methods.
Hiring Contractors
15. The Trustee hereby gives power to the Manager to contract, hire, supervise and/or discharge firms
and persons, including utilities, required for the operation and maintenance of the Premises. The
Manager may perform any of the Manager’s duties through attorneys, agents, employees, or
independent contractors.
Expense Payments