NFT Minting and DeFi Composability

• In exchange for an entity’s contribution to an SPV, that entity may join the SPV by agreeing to a Joinder Agreement.

• At this time, the member receives a non-fungible token (“NFTs”) corresponding to their specific ownership stake, as specified in the NFT metadata. The NFT represents the NFT holders ability to become a member of the SPV.

• Only wallets that have been KYCd can mint NFTs.

• Minted NFTs are interoperable with a short whitelist of protocols that includes at this time Rarible Protocol and PWN. Please reach out if you would like to get added.

• Only KYCd wallets that are legally allowed holding the asset are able to receive assets via these protocols. Various rules and regulations dictate when an security can be resold, for more information, please refer to Rule 144.

• These transfer rules and restrictions are encoded onchain and in the situation where a buyer is not allowed to receive an NFT in secondaries, the transfer is blocked at the smart contract level, preventing them from doing so.

• In addition to encoding secondary transfer rules onchain, Venture Club also needs to manually approve assets for utility. In situations where the underlying asset is restricted from resale or loans, permission from the asset issuer is required to enable this. With time, our hope is to give this power directly to the asset issuer via the Venture Club UI.