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Development and rights
How the development project relates to contractual interests.
Project structure
Local rights holder
Review land or leasehold rights, development and building authority, and construction and operating contracts under the relevant jurisdiction.
Project vehicle
Manage the project’s interests, funds, budget, contracts, register and reporting. Separate construction responsibilities from expenditure approval.
$MARV series
Represent the economic interests defined in the project contract and reconcile token quantities with the legal register.
Holder reporting
Follow the schedule, budget, expenditure, remaining cost to complete, changes, opening, operations, settlement and approvals of material matters.
Holder rights
| Item | Approach |
|---|---|
| Economic rights | The proposed structure would provide for distributions from post-opening operating surplus and sale or liquidation proceeds under the project contract, in proportion to units with the same ranking. The legal form of the interest is defined for each project. |
| Participation in decisions | Project contracts would define approval procedures for material budget changes, additional financing, changes in scope, extensions and significant related-party transactions. These are distinct from day-to-day instructions on design or construction. |
| Use of the resort | $MARV is not direct ownership of land or a guest room, or a stay voucher. Stay Credit is being considered as an optional post-opening feature, subject to a service agreement and confirmed distributions. |
| Development risk | Permit failure, construction delays, cost overruns, failure to complete, delayed opening, additional capital requirements or weak operations may reduce distributions and capital recovery, potentially to zero. |
| Register and contracts | Reconcile the official register, subscriptions paid, $MARV balances, transfers, confirmed distributions and termination of rights. The legally controlling records and effective dates would be determined under the relevant jurisdiction. |
Contracts and rights
Legal structures, official registers, contracts and fund management arrangements would be defined according to requirements at the project location and in the markets where participation is offered. Token records are aligned with contractual rights and the time those rights take effect.
MARAVION Realty Token · 2026.10.28