EX1A-2A CHARTER 4 here_ex2z3.htm SERIES #16 SERIES DESIGNATION

AMENDED AND RESTATED SERIES DESIGNATION

 In accordance with the Second Amended and Restated Limited Liability Company Agreement of Here Collection LLC (the “Company”) dated December 7th, 2022 (the “Agreement”) and upon the execution of this series designation by the Company and Here Investments Inc. in its capacity as Managing Member of the Company and Initial Member of Here Collection LLC – Series #16, a series of Here Collection LLC (“SERIES #16”), this exhibit shall be attached to, and deemed incorporated in its entirety into, the Agreement shall replace in its entirety the previously executed designation and amended and restated designation with respect to SERIES #16. 

 

References to Sections and ARTICLES set forth herein are references to Sections and ARTICLES of the Agreement, as in effect as of the effective date of establishment set forth below.

 

Name of Series

Here Collection LLC – Series #16, a series of Here Collection LLC

Effective date of establishment

December 7, 2022

Managing Member

 

Here Investments Inc. was appointed as the Managing Member of SERIES #16 with effect from the date of the Agreement and shall continue to act as the Managing Member of SERIES #16 until dissolution of SERIES #16 pursuant to Section 11.1(b) or its removal and replacement pursuant to Section 4.3 or ARTICLE X

Initial Member

Here Investments Inc.

Series Asset

 

The Series Assets of SERIES #16 shall comprise a residential property located at 2000 Aska Rd, Blue Ridge, GA 30513, which will be acquired by SERIES #16 upon the close of the Initial Offering and any assets and liabilities associated with such asset and such other assets and liabilities acquired by SERIES #16 from time to time, as determined by the Managing Member in its sole discretion

Asset Management Fee

As stated in Section 6.3

Property Manager

Here PM LLC

Property Management Fee

25% of Gross Receipts, and as otherwise stated in Section 5.10

Purpose

As stated in Section 2.4

Issuance

 

Subject to Section 6.3(a)(i), the maximum number of SERIES #16 Interests the Company can issue is 694,949

Number of SERIES #5 Interests held by the Managing Member and its Affiliates

The Managing Member must purchase a minimum of 0.10% and may purchase a maximum of 51% of SERIES #16 Interests through the Offering

Broker

Dalmore Group, LLC


Brokerage Fee

Up to 1.00 % of the purchase price of the Interests from SERIES #16 sold in the Offering of the SERIES #16 Interests (excluding the SERIES #16 Interests acquired by any Person other than Investor Members)

Interest Designation

No Interest Designation shall be required in connection with the issuance of SERIES #16 Interests

Voting

Subject to Section 3.5, the SERIES #16 Interests shall entitle the Record Holders thereof to one vote per Interest on any and all matters submitted to the consent or approval of Members generally. No separate vote or consent of the Record Holders of SERIES #16 Interests shall be required for the approval of any matter, except as required by the Delaware Act or except as provided elsewhere in the Agreement.

The affirmative vote of the holders of not less than a majority of the SERIES #16 Interests then Outstanding shall be required for:

(a) any amendment to this Agreement (including this Series Designation) that would adversely change the rights of the SERIES #16 Interests;

(b) mergers, consolidations or conversions of SERIES #16 or the Company; and

(c) all such other matters as the Managing Member, in its sole discretion, determines shall require the approval of the holders of the Outstanding SERIES #16 Interests voting as a separate class.

Notwithstanding the foregoing, the separate approval of the holders of SERIES #16 Interests shall not be required for any of the other matters specified under Section 12.1

Splits

There shall be no subdivision of the SERIES #16 Interests other than in accordance with Section 3.7

Sourcing Fee

No greater than $102,000, which may be waived by the Managing Member in its sole discretion

Other rights

Holders of SERIES #16 Interests shall have no conversion, exchange, sinking fund, appraisal rights, no preemptive rights to subscribe for any securities of the Company and no preferential rights to distributions of SERIES #16 Interests

Officers

There shall initially be no specific officers associated with SERIES #16, although, the Managing Member may appoint Officers of SERIES #16 from time to time, in its sole discretion

Aggregate Ownership Limit

As stated in Section 1.1

Minimum Interests

100 Interests per Member

Fiscal Year

As stated in Section 8.2


Information Reporting

As stated in Section 8.1(c)

Termination

As stated in Section 11.1(b)

Liquidation

As stated in Section 11.3

Amendments to this Exhibit

As stated in ARTICLE XII


 

IN WITNESS WHEREOF, this Series Designation Agreement has been duly executed as of the 7th day of December 2022. 

COMPANY

HERE COLLECTION LLC - SERIES #16, A SERIES OF HERE COLLECTION LLC

By: HERE INVESTMENTS INC., as managing member 

By:   /s/ Corey Ashton Walters

Name: Corey Ashton Walters

Title:  Chief Executive Officer & President

 

 

INITIAL MEMBER

 

 

HERE INVESTMENTS INC.

By:   /s/ Corey Ashton Walters

Name: Corey Ashton Walters

Title:  Chief Executive Officer & President