AMENDMENT NO. 4 TO THE AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF SHEPHERD’S FINANCE, LLC AUTHORIZING SERIES C CUMULATIVE REDEEMABLE PREFERRED UNITSLimited Liability Company Agreement • March 21st, 2017 • Shepherd's Finance, LLC • Short-term business credit institutions
In accordance with Section 3.05 and Article IX of the Amended and Restated Limited Liability Company Agreement, dated as of March 29, 2012, as amended (the “Operating Agreement”), of Shepherd’s Finance, LLC (the “Company”), the Operating Agreement is hereby amended by this Amendment No. 4 thereto (this “Amendment”) to authorized Series C Cumulative Redeemable Preferred Units (the “Preferred Units”) to a total of 80 authorized Preferred Units of membership interest in the Company, and having the rights, preferences, powers, privileges, restrictions, qualifications, and limitations set forth below. Certain terms used herein are defined in Section 11 of Exhibit I hereto. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Operating Agreement.
