AMENDMENT NO. 3 TO THE AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF SHEPHERD’S FINANCE, LLC INCREASING THE AUTHORIZED AMOUNT OF SERIES B CUMULATIVE REDEEMABLE PREFERRED UNITSLimited Liability Company Agreement • December 31st, 2015 • 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. 3 thereto (this “Amendment”) to increase the authorized amount of Series B Cumulative Redeemable Preferred Units (the “Preferred Units”) to a total of 30 authorized Preferred Units of membership interest in the Company, having the rights, preferences, powers, privileges, restrictions, qualifications, and limitations set forth below. Certain terms used herein are defined in Section 9 of Exhibit I hereto. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Operating Agreement.
SHEPHERD’S FINANCE, LLC Series B Cumulative Redeemable Preferred Unit PURCHASE AGREEMENTPreferred Unit Purchase Agreement • December 31st, 2015 • Shepherd's Finance, LLC • Short-term business credit institutions • Delaware
This Series B Cumulative Redeemable Preferred Unit PURCHASE AGREEMENT (this “Agreement”) is made and entered into this 28th day of December, 2015, by and among Investor’s Mark Acquisitions, LLC (“IMA”), a Delaware limited liability company (the “Purchaser”), and SHEPHERD’S FINANCE, LLC, a Delaware limited liability company (the “Company”).
Tenth Amendment to Credit AgreementCredit Agreement • December 31st, 2015 • Shepherd's Finance, LLC • Short-term business credit institutions
This Tenth Amendment to Credit Agreement (“Tenth Amendment”), dated as of the 28th day of December, 2015, by and between BENJAMIN MARCUS HOMES, L.L.C. (“BMH”), a Pennsylvania limited liability company, INVESTOR’S MARK ACQUISITIONS, LLC (“IMA”), a Delaware limited liability company (each a “Borrower Party” and collectively, the “Borrower Parties”), and Mark L. Hoskins (“Hoskins”), an individual residing in the Commonwealth of Pennsylvania,
