Ligonier Property Holdings Inc.

Part V, Line 34:

“The Organization made the following significant changes to its Articles of Incorporation, filed with the state of Florida on August 26, 2021, in connection with the Organization's request for recognition as an integrated auxiliary of its supported organization, Ligonier Ministries, Inc.: 1. The Organization's purpose has been updated to the following: The corporation is organized and operated exclusively for religious purposes (including educational, charitable, literary and scientific purposes that are related to and also in furtherance of those religious purposes), in order to hold property and perform other functions for the benefit of and in support of the religious mission and exempt purposes of Ligonier Ministries, Inc., including without limitation making distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Code. 2. The Organization added a paragraph documenting its intention to be classified as an integrated auxiliary as described in Treasury Regulation Section 1.6033-2(h)(1). 3. The Organization added language regarding the number of directors to clarify that the Organization's directors shall consist of not fewer than three members and of not more than a maximum number determined by the bylaws. 4. The Organization added language clarifying that he board of directors shall have the power to amend or restate the Articles of Incorporation by a majority vote of the directors then in office, provided that the amendment or restatement is approved in writing by its Sole Member (Ligonier Ministries, Inc.) and provided that such changes are not inconsistent with the Organization's statement of faith. 5. The Organization added the following Contingent Provision in connection with the distribution of assets upon dissolution: If any such assets are not so disposed of, and to the extent that the directors become deadlocked regarding this or any other issue, any such dispute shall be settled by the board of directors of the Sole Member (Ligonier Ministries, Inc.).”