Membership Intake Form

1. Company Purpose

The Company acquires a 15% equity stake in residential properties valued at a minimum of $250,000 each, in exchange for tiered upfront cash payments to homeowners. Each homeowner retains 85% of their own property equity at all times.

2. Portfolio Overview

The Company's initial portfolio targets 5,200 homes across three tiers, each home valued at $250,000:

The full portfolio carries a total property value of $1,300,000,000, with the Company's 15% equity pool valued at $195,000,000.

3. Membership Classes and Terms

• • Class A (Founder/Manager): Holds 9.75% equity control of the Portfolio Equity Pool and manages day-to-day operations.
• • Class B (Investor-Members): Up to 35 members hold 5.25% of the Portfolio Equity Pool collectively. Each member contributes $39/month and holds a 0.15% blended equity interest, vesting after a minimum contribution period.
• • Class C (Senior Capital Investor/Bank): Provides $6,000,000 in senior capital, funding the total homeowner upfront payout. Class C holds repayment priority ahead of Class A and Class B and recovers its full principal plus agreed return before any other distribution occurs.

4. Projected Returns

• • Class C recovers $6,000,000 in principal plus agreed return first, from the $195,000,000 Portfolio Equity Pool.
• • The remaining $189,000,000 splits 30% to members ($56,700,000) and 70% to Company reserves ($132,300,000).
• • Class A receives 65% of the member distribution: $36,855,000.
• • Class B receives 35% of the member distribution collectively: $19,845,000, or $567,000 per individual member across 35 members.

5. Payment Priority

Distributions follow this order at every liquidity event: homeowner equity settles first, Class C principal and return settle second, and Class A/Class B distributions follow according to their proportional interests.

6. Next Steps

This Letter of Intent represents a statement of mutual intent and does not constitute a binding agreement. The Company and each prospective member intend to execute a definitive Operating Agreement, reviewed by a securities attorney, memorializing these terms in full before any capital contribution or membership interest takes effect.

7. Acknowledgment

By signing below, each party confirms their intent to proceed toward a definitive agreement on the terms outlined above.