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Property Management Agreement - 917 Pawnee Avenue, Memphis, TN 38109.docx

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Description

PROPERTY MANAGEMENT AGREEMENT Effective Date: May 1, 2025 The subject property of this agreement is located at: 917 Pawnee Ave, Memphis, TN 38109 referred to hereunder as the ‘The Premises’. The Premises is currently held in and owned by a Limited Liability Company known as: Lofty Holding 917 Pawnee Avenue DAO LLC, a Decentralized Autonomous Organization referred to hereunder as ‘The DAO’. The DAO’s nominee is Lofty AI Inc. as Authorized Officer of the DAO, referred to hereunder as ‘The DAO Offi

Extracted Content

PROPERTY MANAGEMENT AGREEMENT Effective Date: May 1, 2025 The subject property of this agreement is located at: 917 Pawnee Ave, Memphis, TN 38109 referred to hereunder as the ‘The Premises’. The Premises is currently held in and owned by a Limited Liability Company known as: Lofty Holding 917 Pawnee Avenue DAO LLC, a Decentralized Autonomous Organization referred to hereunder as ‘The DAO’. The DAO’s nominee is Lofty AI Inc. as Authorized Officer of the DAO, referred to hereunder as ‘The DAO Officer’. The appointed member of the DAO to serve as managing member according to the terms set out below is ECO Systems LLC, referred to as ‘The Manager’. Collectively, the DAO Officer and the Manager will be referred to as ‘The Parties’. The Manager shall establish or have established trust accounts for the purpose of holding, collecting and disbursement of the DAO’s funds and Operating Reserves, hereinafter referred to as ‘The Account’. This is an agreement (‘The Agreement’) to agree to terms with The Manager to manage The Premises as agreed herein. The Date of the Agreement is established upon the approval and ratification by the DAO. IN CONSIDERATION OF the DAO Officer appointing the Manag