Equity allocation

Member equity in 9Bit Studios LLC, vesting schedules, and contribution records. Total authorized membership interest: 100 units.

Penny Platt

55%

Arthur Petersen

25%

Tim Culpepper

20%

Per-member detail

Allocation, vesting & contribution

Penny Platt

Founder & Chief Creative Officer

55%

Vesting: Fully vested at formation

Contribution record: 18 months pre-formation sweat equity, Oksana platform license (via Pennylane Media), design system architecture, Apple Developer account, brand infrastructure.

Arthur Petersen

Chief Gaming Officer

25%

Vesting: Pending — joins when game framework is ready

Contribution record: Game design direction and narrative worldbuilding (Jrotharke IP via Always a Monster LLC). 24–36 month vesting with 6-month cliff begins on formal join date.

Tim Culpepper

Chief Intelligence Officer

20%

Vesting: 24–36mo, 6-month cliff · pending OA execution

Contribution record: Strategic intelligence, enterprise stakeholder engagement, security and accessibility advisory (10–15 hrs/week). Tim Culpepper holds Dewdrop / PillDrop / FeedDrop IP.

Voting & governance

How decisions get made

Voting power follows equity (one unit = one vote). Most decisions require a simple majority (≥51%); supermajority decisions (amending the operating agreement, admitting new members, dissolution) require ≥75%.

Practical implication: Penny alone holds 55% (simple majority) but cannot pass supermajority items unilaterally. Tim and Arthur together hold 45% — enough to block supermajority actions. The structure was designed to ensure no member can be steamrolled on fundamental changes.

Detailed voting categories, quorum requirements, and notice procedures are documented in the Operating Agreement (Doc 01).