Jernigan Capital, Inc. (a Maryland corporation) (par value $0.01 per share) Distribution AgreementDistribution Agreement • March 29th, 2018 • Jernigan Capital, Inc. • Real estate investment trusts • New York
AMENDMENT NO. 3 TO LIMITED LIABILITY COMPANY AGREEMENT OF JERNIGAN CAPITAL OPERATING COMPANY, LLC AMENDMENT TO DESIGNATION OF TERMS OF March 29, 2018Limited Liability Company Agreement • March 29th, 2018 • Jernigan Capital, Inc. • Real estate investment trusts
WHEREAS, pursuant to Article XIV of the Limited Liability Company Agreement (the “Operating Agreement”) of Jernigan Capital Operating Company, LLC, the Managing Member hereby amends the Operating Agreement as follows in connection with Amendment No. 1 to the Articles Supplementary of the Managing Member designating the terms of the 7.00% cumulative redeemable perpetual preferred stock, $0.01 par value per share (the “Series B Preferred Stock”), of the Managing Member and the issuance to the Managing Member of units designated as “7.00% Series B Cumulative Redeemable Preferred Units” (the “Series B Preferred Units”) in exchange for the contribution by the Managing Member of the net proceeds from the issuance and sale of the Series B Preferred Stock.
