Flamingo Units and New Members

Will Flamingo Units be transferrable?

With limited exception, as detailed in the operating agreement, Members cannot transfer Flamingo Units or Tokens, if created, unless otherwise agreed to by the Members, via a vote facilitated by the Dapp.

If a member "rage quits" and leaves Flamingo can new Members join?

Members via a vote facilitated by the dApp can accept new capital commitments from new joining members and admit them into Flamingo. Any new Member (or, if applicable, group of Members) must provide the same initial contribution as an exiting Member, unless otherwise agreed to by the Members.

Can a member be forced out of Flamingo?

Members of Flamingo may be required to leave if Members of Flamingo vote to remove the respective member. The Service Provider cannot remove any Flamingo unless otherwise authorized by a vote by a majority of the Members.