UIG has certain strong rights for members to withdraw their capital if they are unhappy with the performance or administration of UIG. This right—called "exiting"—gives members a degree of control as to their participation in UIG and the use of any contributed capital.
Even though UIG is member-directed and managed, Members are not obligated to participate in any proposed investment. Once an investment is authorized via the DApp, all members will have the right to opt-out of the investment and receive any undeployed capital that they contributed to UIG back.
The right to exit is accounted for in the operating agreement and facilitated via the DApp and underlying smart contracts.
If a member exits, the member's pro-rata portion of any unallocated capital contribution will be returned to the member. The member's warrant tokens are retired (i.e., "burned") and the member loses any right to participate in future investments. A member can sell their interest (warrant tokens) in UIG but must be approved by other members.
A member can exit UIG at any time, including after any investments. The only restriction is that any proposal that the particular member voted "YES" for is processed by UIG's smart contract initially.
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