10. Operation of the DAO

Operation of the DAO

1. The Project Management Company will operate the DAO using online chat tools. The specific online chat tools and methods of convening will be decided by the Project Management Company at a later date.

2. Shareholders who wish to participate in the DAO can join and engage in discussions related to the company’s project management.

3. In the DAO, each shareholder has one vote per share owned.

Agenda Setting and Chairing

1. Setting the agenda and proceeding with the DAO discussions will primarily be the responsibility of the Project Management Company.

2. However, shareholders may raise issues and conduct proceedings in the DAO if they wish.

3. The specific methods for setting agendas and conducting proceedings will be defined by the Project Management Company at a later date.

Voting in the DAO

1. The specific methods for voting in the DAO will be defined by the Company at a later date.

2. When resolutions are made by voting in the DAO, a voting period of at least 24 hours is mandatory. The duration of the voting period will be determined by the Project Management Company for each vote.

Resolution Methods

1. Resolutions related to accommodation facility matters require the participation of shareholders holding at least 10% of the voting rights, and are passed with a majority of the votes cast by these shareholders.

2. However, resolutions concerning changes to the Accommodation Management Company require the participation of shareholders holding at least 10% of the voting rights, and are passed with at least two-thirds of the votes cast by these shareholders.

3. Similarly, resolutions concerning changes to the Project Management Company also require the participation of shareholders holding at least 10% of the voting rights, and are passed with at least two-thirds of the votes cast by these shareholders.

4. If shareholders holding at least 10% of the voting rights do not participate in a DAO resolution, the Project Management Company will make the decision.

5. Resolutions concerning changes to the Collective Purpose, require the participation of shareholders holding at least one-third of the voting rights and are passed with at least two-thirds of the votes cast by these shareholders.

Minutes of Meetings

1. The Project Management Company will appropriately record the progress and results of decisions and discussions in the DAO on the online chat tool.