Document:

REVEN HOUSING REIT, INC.

 

VOTING AGREEMENT

 

This Voting Agreement
(this “Agreement”) is made as of September 27, 2013 by and among Reven Housing REIT, Inc., a Colorado
corporation (the “Company”), the persons and entities listed on Exhibit A attached hereto (each
an “Investor,” and collectively the “Investors”), and the person listed on Exhibit B
hereto ( “Founder”). The Founder and the Investors are referred to herein collectively as the “Voting
Parties.”

 

Whereas,
the Company proposes to sell shares of the Company’s Common Stock to the Investors pursuant to the Stock Purchase Agreement
(the “Purchase Agreement”) of even date herewith (the “Financing”); and

 

Whereas,
the Financing contemplates that the Investors shall be entitled to nominate and elect four (4) directors (the “Investors
Directors”) and the Founder shall be entitled to nominate and elect two (2) directors (the “Founder Directors”);
and

 

Whereas,
as a condition to the Financing, the Voting Parties have agreed to enter into this Agreement.

 

Now,
Therefore, in consideration of the mutual promises and covenants herein contained, and other consideration, the receipt
and adequacy of which is hereby acknowledged, the parties hereto agree as follows:

 

1.Shares.  During
the term of this Agreement, the Voting Parties each agree to vote all shares of the Company’s voting securities now or hereafter
owned by them, whether beneficially or otherwise, or as to which they have voting power (the “Shares”) in accordance
with the provisions of this Agreement.

 

2.Election of Boards of Directors

 

(a)Voting. During the term of this
Agreement, each Voting Party agrees to vote all Shares in such manner as may be necessary to elect (and maintain in office) as
members of the Company’s Board of Directors the following individuals:

 

(i)The four (4) Investors Designees
(as defined below) as the Investors Directors; and

 

(ii)The two (2) Founder Designees (as
defined below) as the Founder Directors.

 

    	-1-

    	 

    

 

(b)Designation of Directors. 
The designees to the Company’s Board of Directors described above (each a “Designee”) shall be selected
as follows:

 

(i)The four (4) “Investors
Designees” shall be chosen by a majority-in-interest of the Investors.

 

(ii)The two (2) “Founder Designees”
shall be chosen by a majority-in-interest of the Founder; provided, however, that one of the Founder Designees shall be
the Company’s Chief Executive Officer. Such approval shall take the form of a notice signed by a majority-in-interest of
the Founder; provided, however, that if no such notice has been delivered to the Secretary of the Company within ten days
prior to any regular or special meeting of stockholders or five days after receiving an Action by Written Consent, the Secretary
of the Company shall deliver a ballot to Founder. Such ballot shall contain the nominee or nominees of Founder, the names of which
were delivered to the Secretary prior to the mailing of the ballot, Directors and shall contain instructions that Founder is to
complete and return such ballot to the Secretary of the Company within five days of the effective date of such notice.

 

(c)Current Designees.  For
the purpose of this Agreement, the current directors of the Company shall be deemed to be the following Designees: (i) Chad
M. Carpenter and Jon Haahr shall be deemed to be the Founder Designees, and (ii) Xiaofan Bai, Guojuan Chen, Siyu Lan and Xiaohang
Bai shall be deemed to be the Investors Designees upon their election to the Board of Directors in connection with the Financing.

 

(d)Changes in Designees. 
From time to time during the term of this Agreement, Voting Parties who hold sufficient Shares to select a Designee pursuant to
this Agreement may, in their sole discretion:

 

(i)notify the Company in writing of
an intention to remove from the Company’s Board of Directors any incumbent Designee who occupies a Board seat for which such
Voting Parties are entitled to designate the Designee; or

 

(ii)notify the Company in writing of
an intention to select a new Designee for election to a Board seat for which such Voting Parties are entitled to designate the
Designee (whether to replace a prior Designee or to fill a vacancy in such Board seat).

 

In the event of such an initiation of a
removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate
such removals or elections, including, without limitation, soliciting the votes of the appropriate stockholders, and the Voting
Parties shall vote their Shares to cause: (a) the removal from the Company’s Board of Directors of the Designee or Designees
so designated for removal; and (b) the election to the Company’s Board Directors of any new Designee or Designees so
designated.

 

    	-2-

    	 

    

 

(e)Size of Board of Directors. 
During the term of this Agreement, each Voting Party agrees to vote all Shares to maintain the authorized number of members of
the Board of Directors of the Company at six (6) directors.

 

3.Termination.  This
Agreement shall terminate upon the earlier of (i) the closing date of the Company’s first public offering of shares of its
Common Stock after the effective date of this Agreement; (ii) upon the approval by the Company’s Board of Directors to apply
for listing of the Company’s Common Stock on the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital
Market, the NYSE Euronext or the New York Stock Exchange; or (iii) the agreement by the Founder and a majority-in-interest of the
Investors, acting separately.

 

4.Additional Shares. 
In the event that subsequent to the date of this Agreement any shares or other securities (other than pursuant to a Change of Control
Transaction) are issued on, or in exchange for, any of the Shares by reason of any stock dividend, stock split, consolidation of
shares, reclassification or consolidation involving the Company, such shares or securities shall be deemed to be Shares for purposes
of this Agreement. “Change of Control Transaction” means either (a) the acquisition of the Company by
another entity by means of any transaction or series of related transactions to which the Company is party (including, without
limitation, any stock acquisition, reorganization, merger or consolidation but excluding any sale of stock for capital raising
purposes) that results in the voting securities of the Company outstanding immediately prior thereto failing to represent immediately
after such transaction or series of transactions (either by remaining outstanding or by being converted into voting securities
of the surviving entity or the entity that controls such surviving entity) a majority of the total voting power represented by
the outstanding voting securities of the Company, such surviving entity or the entity that controls such surviving entity; or (b) a
sale, lease or other conveyance of all or substantially all of the assets of the Company.

 

5.Restrictive Legend. 
Each certificate representing any of the Shares subject to this Agreement shall be marked by the Company with a legend reading
as follows:

 

“THE SHARES EVIDENCED HEREBY
ARE SUBJECT TO A VOTING AGREEMENT (A COPY OF WHICH MAY BE OBTAINED FROM THE ISSUER) AND BY ACCEPTING ANY INTEREST IN SUCH SHARES
THE PERSON HOLDING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT.”

 

6.Miscellaneous

 

(a)Certain Definitions. Shares
“held” by a Voting Party shall mean any Shares directly or indirectly owned (of record or beneficially) by such
Voting Party or as to which such Voting Party has voting power. “Vote” shall included any exercise of voting
rights whether at an annual or special meeting or by written consent or in any other manner permitted by applicable law. A “majority-in-interest”
of either the Founder or the Investors (each, a “Group”) shall mean the holders of a majority of the Common
Stock (determined on an as-converted basis) then held by such Group.

 

    	-3-

    	 

    

 

(b)Notices. All notices, requests,
demands, consents, instructions or other communications required or permitted hereunder shall be in writing and faxed, e-mailed,
mailed, or delivered to each party as follows: (i) if to a Voting Party, at such Voting Party’s address, facsimile number
or e-mail address set forth in the Company’s records, or at such other address, facsimile number or e-mail address as such
Investor shall have furnished the Company in writing, or (ii) if to the Company, at 7911 Herschel Avenue, Suite 201, (858)
459-4000, Attn: Chief Executive Officer, or at such other address or contact information as the Company shall have furnished to
the Voting Parties in writing. All such notices and communications will be deemed effectively given the earlier of (i) when
received, (ii) when delivered personally, (iii) one business day after being delivered by facsimile or e-mail (with receipt
of appropriate confirmation), (iv) one business day after being deposited with an overnight courier service of recognized
standing or (v) four days after being deposited in the U.S. mail, first class with postage prepaid. Each Investor agrees that
such notice may be given by facsimile or by electronic mail. In the event of any conflict between the Company’s books and
records and this Agreement or any notice delivered hereunder, the Company’s books and records will control absent fraud or
error.

 

(c)Successors and Assigns. 
The provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors
and administrators of the parties hereto. The Company shall not permit the transfer of any Shares on its books or issue a new certificate
representing any Shares unless and until the person to whom such security is to be transferred shall have executed a written agreement
pursuant to which such person becomes a party to this Agreement and agrees to be bound by all the provisions hereof as if such
person was a Voting Party hereunder.

 

(d)Governing Law. This Agreement
shall be governed in all respects by the internal laws of the State of California as applied to agreements entered into among California
residents to be performed entirely within California, without regard to principles of conflicts of law.

 

(e)Titles and Subtitles. The titles
and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this
Agreement. All references in this Agreement to sections, paragraphs and exhibits shall, unless otherwise provided, refer to sections
and paragraphs hereof and exhibits attached hereto.

 

(f)Further Assurances. Each party
hereto agrees to execute and deliver, by the proper exercise of its corporate, limited liability company, partnership or other
powers, all such other and additional instruments and documents and so all such other acts and things as may be necessary to more
fully effectuate this Agreement.

 

(g)Entire Agreement.  This
Agreement and the exhibits hereto constitute the full and entire understanding and agreement between the parties with regard to
the subjects hereof. No party hereto shall be liable or bound to any other party in any manner with regard to the subjects hereof
or thereof by any warranties, representations or covenants except as specifically set forth herein.

 

    	-4-

    	 

    

 

(h)No Grant of Proxy. This Agreement
does not grant any proxy and should not be interpreted as doing so. Nevertheless, should the provisions of this Agreement be construed
to constitute the granting of proxies, such proxies shall be deemed coupled with an interest and are irrevocable for the term of
this Agreement.

 

(i)Not a Voting Trust. This Agreement
is not a voting trust governed by Section 706(b) of the California Corporations Code and should not be interpreted as such.

 

(j)Specific Performance. 
It is agreed and understood that monetary damages would not adequately compensate an injured party for the breach of this Agreement
by any party, that this Agreement shall be specifically enforceable, and that any breach or threatened breach of this Agreement
shall be the proper subject of a temporary or permanent injunction or restraining order. Further, each party hereto waives any
claim or defense that there is an adequate remedy at law for such breach or threatened breach.

 

(k)Amendment.  Except as expressly
provided herein, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a written
instrument referencing this Agreement and signed by the Company, the Founder and a majority-in-interest of Investors; provided,
however, that Investors purchasing Shares under the Stock Purchase Agreement after the Initial Closing (as defined in the Purchase
Agreement) may become parties to this Agreement without any amendment of this Agreement pursuant to this paragraph or any consent
or approval of any other Voting Party; and provided, further, that if any amendment, waiver, discharge or termination operates
in a manner that treats any Investor different from other Investors, the consent of such Investor shall also be required for such
amendment, waiver, discharge or termination. Any such amendment, waiver, discharge or termination effected in accordance with this
paragraph shall be binding upon each Voting Party that has entered into this voting agreement. Each Voting Party acknowledges that
by the operation of this paragraph, the holders of a majority of the Shares held by the Founder and the holders of a majority of
the Shares held by the Investors will have the right and power to diminish or eliminate all rights of such Voting Party under this
Agreement.

 

(l)No Waiver. The failure or delay
by a party to enforce any provision of this Agreement will not in any way be construed as a waiver of any such provision or prevent
that party from thereafter enforcing any other provision of this Agreement. The rights granted both parties hereunder are cumulative
and will not constitute a waiver of either party’s right to assert any other legal remedy available to it.

 

(m)Severability. If any provision
of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, portions of
such provision, or such provision in its entirety, to the extent necessary, shall be severed from this Agreement, and such court
will replace such illegal, void or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve,
to the extent possible, the same economic, business and other purposes of the illegal, void or unenforceable provision. The balance
of this Agreement shall be enforceable in accordance with its terms.

 

(n)Counterparts.  This Agreement
may be executed in one or more counterparts, each of which will be deemed an original, but all of which together will constitute
one and the same agreement. Facsimile copies of signed signature pages will be deemed binding originals.

 

[Signature Page Follows]

 

    	-5-

    	 

    

 

The parties have executed this Voting Agreement
as of the date first above written.

 

	 	REVEN
    HOUSING REIT, INC.,
	 	a
    Colorado corporation
	 	 
	 	 
	 	/s/ Chad M. Carpenter
	 	Signature of Authorized Signatory
	 	 
	 	Chad M. Carpenter, Chief Executive Officer
	 	Name and Title of Authorized Signatory
	 	 
	 	 
	 	INVESTORS:
	 	 
	 	 
	 	King Apex Group Holdings II Limited
	 	Name of Investor
	 	 
	 	/s/ Bai Xiaofan
	 	Signature of Authorized Signatory
	 	 
	 	Bai Xiaofan, Chief Executive Officer
	 	Name and Title of Authorized Signatory
	 	 
	 	King Apex Group Holdings III Limited
	 	Name of Investor
	 	 
	 	/s/ Bai Xiaofan
	 	Signature of Authorized Signatory
	 	 
	 	Bai Xiaofan, Chief Executive Officer
	 	Name and Title of Authorized Signatory
	 	 
	 	 
	 	FOUNDER:
	 	 
	 	 
	 	Chad M. Carpenter
	 	Name of Founder
	 	 
	 	/s/ Chad M. Carpenter
	 	Signature of Authorized Signatory
	 	 
	 	Chad M. Carpenter
	 	Name and Title of Authorized
Signatory

 

[SIGNATURE PAGE TO VOTING AGREEMENT]

 

    	-6-

    	 

    

 

Exhibit A

 

INVESTORS

 

King Apex Group Holdings II Limited

 

King Apex Group Holdings III Limited

 

    	 

    	 

    

 

Exhibit B

 

FOUNDER

 

Chad M. CarpenterCONVERTIBLE PROMISSORY NOTE CONVERSION
AGREEMENT

 

This CONVERTIBLE PROMISSORY
NOTE CONVERSION AGREEMENT (this “Agreement”) is entered into and effective as of September 27, 2013 (the “Effective
Date”) by and among the undersigned, each of whom have executed the Note Holder signature pages attached hereto as Annex A
(each, a “Note Holder” and collectively, the “Note Holders”), and REVEN HOUSING REIT, INC.,
a Colorado corporation (the “Company”), with reference to the following facts:

 

A.Concurrently
with the transactions contemplated by this Agreement, the Company is entering into a Stock Purchase Agreement with certain accredited
investors providing for sale and issuance of up to Twenty-Five Million Dollars ($25,000,000) of the Company’s common stock,
par value $0.001 per share (the “Common Stock”) in a private placement transaction (the “Financing”).
The Financing contemplates an initial closing of no less than Eleven Million Dollars ($11,000,000) of total purchase price (the
“Initial Closing”).

 

B.Each Note Holder
has previously purchased one or more 10% Convertible Promissory Note issued by the Company in the aggregate principal amount as
to each Note Holder as set forth on Schedule I to the Note Holder signature pages attached hereto as Annex A (each,
a “Note,” and collectively, the “Notes”) in the Company’s 2012-2013 convertible note
financing (the “Bridge Financing”).

 

C.In connection
with the transactions contemplated by the Stock Purchase Agreement, and concurrently with the Initial Closing, each Note Holder
desires to convert all of the outstanding principal under such Note Holder’s Note, directly into shares of the Common Stock
(the “Shares”), in accordance with the terms and conditions of this Agreement.

 

Each Note Holder also
agrees to be paid back by the Company all of the accrued and unpaid interest as indicated on such Note Holder’s signature
page hereto and calculated as of the Initial Closing,

 

NOW, THEREFORE, in
consideration of the mutual promises herein, and for other good and valuable consideration, the receipt and sufficiency of which
is acknowledge, the parties hereby agree as follows:

 

Article
I

The Conversion

 

Section
1.1.            Note
Holder Signature Page. By executing this Agreement, each Note Holder hereby confirms that all of the information with respect
to such Note Holder’s Note, as described in the Note Holder’s signature page attached hereto as Annex A,
is true, correct and complete as of the date hereof.

 

Section
1.2.            Conversion
of Securities.

 

(a)               
Subject to, and immediately prior to, the Initial Closing, each Note Holder severally agrees to convert that portion of
the outstanding principal under such Note Holder’s Note (the “Principal Amount”) as indicated on such
Note Holder’s signature page hereto, directly into Shares at the rate of $0.20 per Share (the “Conversion Shares”),
which is equal to the purchase price per Share for the investors in the Financing (the “Offering Price”).

 

    	1

    	 

    

 

(b)              
The Company agrees to pay to the Note Holders all of the accrued and unpaid interest under the Notes, calculated as of the
Initial Closing (the “Interest Payment”).

 

Each Note Holder agrees
that upon the conversion of its Note in accordance with this Section 1.2 and the payment by the Company to any Note Holder who
does not elect to convert all of such Note Holder’s principal under such Note Holder’s Note pursuant to Section 1.2(a)
above that portion of the principal amount note being converted (the “Principal Payment”), the Note and all
of the Company’s obligations thereunder shall be deemed to have been satisfied in full and the Note shall be extinguished.

 

The Company shall issue
to the Note Holders the Conversion Shares and shall make the Interest Payments and any Principal Payments to the Note Holders within
three (3) business days of the Initial Closing.

 

Section
1.3.            Closing.
The transactions contemplated by this Agreement shall occur on the date of the Initial Closing (the “Closing Date”).

 

Article
II

Representations and Warranties of the Note Holders

 

Each Note Holder severally
represents and warrants to the Company, with respect to the Notes individually owned by such Note Holder, as designated on the
Note Holder signature pages attached hereto, the following, each of which shall be true as of the Effective Date and the Closing
Date:

 

Section
2.1.            Good
Title. The Note Holder is the record and beneficial holder of the Note issued by the Company as set forth below such Note Holder’s
name on the Note Holder signature pages attached hereto as Annex A. The Note Holder holds the respective Note free and clear
of all liens, security interests, pledges, equities and claims of any kind, voting trusts, stockholder agreements and other encumbrances
other than restrictions under the Federal securities laws.

 

Section
2.2.            Power
and Authority. This Agreement constitutes a legal, valid and binding obligation of the Note Holder, enforceable against such
Note Holder in accordance with the terms hereof, except as may be limited by bankruptcy, insolvency, reorganization, moratorium
and other similar laws and equity principles related to or limiting creditors’ rights generally and by general principals
of equity.

 

Section
2.3.            No
Conflicts. The execution and delivery of this Agreement by the Note Holder and the performance by the Note Holder of any obligations
hereunder in accordance with the terms hereof: (i) will not require the consent of any third party or any federal, state,
local or foreign government or any court of competent jurisdiction, administrative agency or commission or other governmental authority
or instrumentality, domestic or foreign under any statutes, laws, ordinances, rules, regulations, orders, writs, injunctions, judgments,
or decrees (collectively, “Laws”); (ii) will not violate any Laws applicable to such Note Holder and (iii) will
not violate or breach any contractual obligation to which such Note Holder is a party.

 

    	2

    	 

    

 

Section
2.4.            Investment
Purpose. Each Note Holder is acquiring the Securities for its own account for investment
only and not with a view towards, or for resale in connection with, the public sale or distribution thereof, except pursuant to
sales registered or exempted under the Securities Act of 1933, as amended (the “Securities Act”); provided,
however, that by making the representations herein, each Note Holder reserves the right to dispose of the Securities at any time
in accordance with or pursuant to an effective registration statement covering such Securities or an available exemption under
the Securities Act.

 

Section
2.5.            Accredited
Investor Status. Each Note Holder is an “accredited investor” as that
term is defined in Rule 501(a) (3) of Regulation D, as promulgated under the Securities Act.

 

Section
2.6.            Reliance
on Exemptions. Each Note Holder understands that the Securities are being offered
and sold to it in reliance on specific exemptions from the registration requirements of United States federal and state securities
Laws and that the Company is relying in part upon the truth and accuracy of, and each Note Holder’s compliance with, the
representations, warranties, agreements, acknowledgments and understandings of each Note Holder set forth herein in order to determine
the availability of such exemptions and the eligibility of each Note Holder to acquire the Securities.

 

Section
2.7.            Information.
Each Note Holder and its advisors, if any, have been furnished with all materials relating to the business, finances and operations
of the Company and information each Note Holder deemed material to making an informed investment decision regarding its purchase
of the Securities, which have been requested by each Note Holder. Each Note Holder and its advisors, if any, have been afforded
the opportunity to ask questions of the Company and its management. Each Note Holder understands that its investment in the Securities
involves a high degree of risk. Each Note Holder is in a position regarding the Company, which, based upon employment, family relationship
or economic bargaining power, enabled and enables such Note Holder to obtain information from the Company in order to evaluate
the merits and risks of this investment. Each Note Holder has sought such accounting, legal and tax advice as it has considered
necessary to make an informed investment decision with respect to its acquisition of the Securities.

 

Section
2.8.            No
Governmental Review. Each Note Holder understands that no United States federal or
state Governmental Authority has passed on or made any recommendation or endorsement of the Securities, or the fairness or suitability
of the investment in the Securities, nor have such Governmental Authorities passed upon or endorsed the merits of the offering
of the Securities.

 

Section
2.9.            Restricted
Securities. The Note Holder understands that the Securities are characterized as “restricted securities” under
the Securities Act inasmuch as the Securities are being offered in a transaction not involving a public offering. The Note Holder
further acknowledges that the Securities may not be resold without registration under the Securities Act or the existence of an
exemption therefrom. The Note Holder represents that he, she or it is familiar with Rule 144 promulgated under the Securities Act,
as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act.

 

    	3

    	 

    

 

Article
III

Miscellaneous

 

Section
3.1.            Entire
Agreement. This Agreement contains the entire understanding among the parties hereto with respect to the subject matter hereof,
and all prior agreements, understandings, representations and statements among the parties (or any of them) with respect to the
subject matter hereof are superseded by this Agreement and shall be of no further force or effect.

 

Section
3.2.            Modifications.
This Agreement may not be modified or amended except by written instrument, signed by each of the parties hereto, expressing such
an amendment or modification.

 

Section
3.3.            Further
Cooperation. The parties hereto agree to execute, acknowledge, if appropriate,
and deliver any document and cooperate in performing any acts in any reasonable manner to carry out the intent and implement the
terms and conditions of this Agreement.

 

Section
3.4.            Headings.
The parties hereto understand that the headings contained within this Agreement are included for purposes of convenience only and
shall not in any manner limit or define any of the rights, responsibilities, duties, or liabilities of any of the parties hereto
as set forth in any of the paragraphs in this Agreement and shall not affect the construction or interpretation of any of the provisions
of this Agreement.

 

Section
3.5.            Negotiated
Transaction. This Agreement is to be deemed to have been jointly prepared by the parties hereto, and any uncertainty or ambiguity
existing herein shall not be interpreted against any party hereto.

 

Section
3.6.            Binding
on Successors. This Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective family members, heirs, successors, and assigns.

 

Section
3.7.            Applicable
Law. This Agreement shall be governed by and construed exclusively in accordance with the laws of the State of California,
without giving effect to any principle or doctrine regarding conflict of laws.

 

Section
3.8.            Execution
in Counterparts. This Agreement may be executed in two or more counterparts, each signed by one of the signatories to this
Agreement, and all of said counterparts together shall constitute one and the same instrument. The parties hereto agree that facsimile
signatures may be relied upon by each of the signatories to this Agreement as original signatures.

 

Section
3.9.            Severability.
In the event that any provision of this Agreement or portion thereof is held by a court of competent jurisdiction to be unenforceable
or invalid, the validity and enforceability of the remaining provisions or portions thereof shall not be adversely affected.

 

[Signature Page Follows]

 

    	4

    	 

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the Effective Date hereof.

 

 

	
        REVEN HOUSING REIT, INC.

        a Colorado corporation

         

        By:/s/ Chad M. Carpenter
	 
	
        Name: Chad M. Carpenter

        Title: Chief Executive Officer
	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK

SIGNATURE PAGES FOR NOTE HOLDERS FOLLOW

ON ATTACHED ANNEX A] 

 

    	5

    	 

    

 

Annex A

 

Note Holders Signature Page

 

IN WITNESS WHEREOF,
the undersigned Note Holder has executed this Agreement as of the Effective Date hereof.

 

 

 

NAME OF NOTE HOLDER: Please Print: Chad
Carpenter                

  

	/s/ Chad M.
Carpenter	 
	[Note Holder Signature]	 

  

 

	
        

        Principal Amount to be Converted Pursuant
        to Section 1.2(a):

        The Holder is electing to convert all of such
        Holder’s outstanding principal amount:

        x Yes  ̈ No

         

        If “No” is checked above, please
        indicate the principal amount to be converted:

        $_____________________

          

	ADDRESS FOR NOTICE	 
	c/o:  	 
	Street:  7911 Herschel Avenue, 201	 
	City/State/Zip:  La Jolla, CA  92037	 
	Attention:  Chad Carpenter	 
	Fax: NA	 
	Email: cmc@revenhousingreit.com	 

 

    	6

    	 

    

 

Annex A

 

Note Holders Signature Page

 

IN WITNESS WHEREOF,
the undersigned Note Holder has executed this Agreement as of the Effective Date hereof.

 

 

 

NAME OF NOTE HOLDER: Please Print: John
Cashman                   

 

 

  

	/s/ John Cashman	 
	[Note Holder Signature]	 

 

 

 

	
        

        Principal Amount to be Converted Pursuant
        to Section 1.2(a):

        The Holder is electing to convert all of such
        Holder’s outstanding principal amount:

         ̈ Yes x No

         

        If “No” is checked above, please
        indicate the principal amount to be converted:

        $50,000.00

        

         

	ADDRESS FOR NOTICE	 
	c/o:  	 
	Street:  5310 Eastgate Mall	 
	City/State/Zip:  San Diego, CA 92121	 
	Attention:  John Cashman	 
	Fax: NA	 
	Email: jcashman@hbri.org	 

 

 

    	7

    	 

    

 

Annex A

 

Note Holders Signature Page

 

IN WITNESS WHEREOF,
the undersigned Note Holder has executed this Agreement as of the Effective Date hereof.

 

 

 

NAME OF NOTE HOLDER: Please Print: Chris
Gann               

 

 

 

 

	/s/ Chris Gann	 
	[Note Holder Signature]	 

 

 

 

	
        

        Principal Amount to be Converted Pursuant
        to Section 1.2(a):

        The Holder is electing to convert all of such
        Holder’s outstanding principal amount:

        x Yes  ̈ No

         

        If “No” is checked above, please
        indicate the principal amount to be converted:

        $______________

         

         

	ADDRESS FOR NOTICE	 
	c/o:  	 
	Street:  14770 Caminito Barbuda	 
	City/State/Zip:  Del Mar, CA 92014	 
	Attention:  Chris Gann	 
	Fax: 	 
	Email: christopheregann@aol.com	 

 

    	8

    	 

    

 

Schedule I to Annex A

 

	Name of Holder	 	Aggregate Principal Amount	 	 	Accrued interest as of 09-27-13	 
	 	 	 	 	 	 	 
	Chad Carpenter	 	$	27,176.00	 	 	$	2,561.25	 
	Chad Carpenter	 	 	225,000.00	 	 	 	21,205.48	 
	John Cashman*	 	 	50,000.00	 	 	 	9,424.66	 
	Chris Gann	 	 	100,000.00	 	 	 	9,424.66	 
	Reven Capital, LLC assigned to Chad Carpenter	 	 	400,000.00	 	 	 	29,260.27	 
	Chris Gann	 	 	100,000.00	 	 	 	7,315.07	 
	Totals	 	$	902,176.00	 	 	$	79,191.38	 

 

*John Cashman will be converting 50% of
his $100,000 note to equity ($50,000) and will be paid back 50% ($50,000) at closing.

 

All other Note Holders will be paid back
in full and all interest accrued will be paid back as due.

 

    	9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00222-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00222-of-00352.parquet"}]]