EX1A-2A CHARTER 3 ea026336101ex2-6_wahed1.htm SERIES GOLDEN HONEY SERIES DESIGNATION

Exhibit 2.6

 

SERIES DESIGNATION

 

SERIES GOLDEN HONEY

 

In accordance with the Limited Liability Company Agreement of Wahed Real Estate Series 1 LLC (the “Company”) dated May 14, 2024 (the “Agreement”) and upon the execution of this designation by the Company and Wahed Financial LLC, in its capacity as Managing Member of the Company and Initial Member of Series Golden Honey, a series of Wahed Real Estate Series 1 LLC (“Series Golden Honey”), this exhibit shall be attached to, and deemed incorporated in its entirety into, the Agreement.

 

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 Series Golden Honey, a series of Wahed Real Estate Series 1 LLC
   
Effective date of establishment October 30, 2025
   

Managing Member

 

 Wahed Financial LLC was appointed as the Managing Member of Series Golden Honey with effect from the date of the Agreement and shall continue to act as the Managing Member of Series Golden Honey until dissolution of Series Golden Honey pursuant to Section 11.1(b) or its removal and replacement pursuant to Section 4.3 or Article X
   

Series Property

 

 The Series Property of Series Golden Honey shall comprise a detached 4 bedroom, 3 bathroom residential property located at 1740 Golden Honey Dr, Wake Forest, NC, which will be acquired by Series Golden Honey, and any assets and liabilities associated with such asset and such other assets and liabilities acquired by Series Golden Honey from time to time, as determined by the Managing Member in its sole discretion
   
Management Fee As stated in Section 6.3
   
Sourcing Fee $20,848
   
Purpose As stated in Section 2.4
   

Issuance

 

 Subject to Section 6.4(a)(i), the number of Series Golden Honey Interests that the Company will initially issue is 4,980
   
Broker (with respect to the Regulation A offering only) Dalmore Group, LLC
   
Brokerage Fee 1.0%, in cash, of the purchase price of the Series Golden Honey Interests sold in the Offering of the Series Golden Honey Interests
   
Interest Designation No Member holding Series Golden Honey Interests shall be entitled to any preemptive, preferential or similar rights connection with the issuance of Series Golden Honey Interests.

 

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Voting

Subject to Section 3.5, the Series Golden Honey 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 Golden Honey Interests shall be required for the approval of any matter, except as required by the Delaware Act or except as provided elsewhere in this Agreement.

 

The affirmative vote of the holders of not less than a majority of the Series Golden Honey Interests then Outstanding shall be required for:

 

(a) any amendment to this Agreement (including this Series Designation) that would materially adversely change the rights of the Series Golden Honey Interests;

 

(b) mergers, consolidations or conversions of Series Golden Honey 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 Golden Honey Interests voting as a separate class.

 

Notwithstanding the foregoing, the separate approval of the holders of Series Golden Honey 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 Golden Honey Interests other than in accordance with Section 3.7
   
Other rights Holders of Series Golden Honey 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 Golden Honey Interests
   
Officers There shall initially be no specific officers associated with Series Golden Honey, although, the Managing Member may appoint Officers of Series Golden Honey from time to time, in its sole discretion
   
Aggregate Ownership Limit As stated in Section 1.1
   
Minimum Interests 5 Interest 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

 

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IN WITNESS WHEREOF, this Series Designation has been executed as of the effective date of establishment written above.

 

  MANAGING MEMBER
   
  WAHED FINANCIAL LLC
     
  By: /s/ Ahmar Shaikh
    Ahmar Shaikh
    Manager

 

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