Document:

Exhibit
10.7

 

 

ISSUED
PATENT LICENSE AND ROYALTY AGREEMENT

 

Effective
as of September 11, 2017 (“Effective Date”), Chaya Coleena Hendrick, an individual having a place of residence at
145 East Harmon Avenue, Apt 19620, Las Vegas, Nevada 89109, United States (“HENDRICK”), and SmartMetric. Inc., a Nevada
corporation having a principal place of business at 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada, 89169 United States
(“LICENSEE”), agree as follows:

 

WHEREAS,
HENDRICK is the inventor and owns all right, title and interest in and to the Invention and the Licensed Issued Patent(s),
which Invention is in the field of fingerprint biometric activated cards.

 

WHEREAS,
HENDRICK desires to have the Invention perfected and marketed at the earliest possible time in order that products resulting
therefrom may be available for public use and benefit.

 

WHEREAS,
LICENSEE desires a license under said Invention and/or Licensed Issued Patent(s) to develop, manufacture, use, and sell the
Licensed Products and Related Services in the Licensed Field of Use.

 

WHEREAS,
HENDRICK is willing to grant an exclusive license under the License Patent in accordance with the terms and conditions set
forth in this Agreement.

 

WHEREAS,
LICENSEE is willing to pay to HENDRICK a Patent Royalty in accordance with the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual promises, terms and conditions hereinafter set forth, the parties hereby agree as
follows:

 

1.
DEFINITIONS

 

“Agreement”
means this Issued Patent License and Royalty Agreement.

 

“Invention”
means the system and methods defined in the Licensed Issued Patent(s).

 

“Licensed
Field of Use” means all fields of use.

 

“Licensed
Patent” means Letters Patent issued to HENDRICK named and known as, “Smart card,
Smart card with a chip and finger-print sensor, Smart card with a chip and finger-print sensor”, Smart card with a fingerprint
sensor, Issued Patent Numbers D776,664 D786,355 D788,847 D791,772 by the United States Patent and Trademark Office
and including any divisions, continuations, or reissue thereof.

 

“Licensed
Products and Related Services” means any product and/or service, or part thereof, in the Licensed Field of Use, the manufacture,
use, offer for sale, sale, or import of which: (a) is covered by a valid claim of an issued, unexpired Licensed Patent directed
to the Invention. A claim of an issued, unexpired Licensed Patent shall be presumed to be valid unless and until it has been held
to be invalid by a final judgment of a court of competent jurisdiction from which no appeal can be or is taken.

 

“LICENSEE”
means LICENSEE and its Affiliates. “Affiliate” means any person, corporation, or other business entity which controls,
is controlled by, or is under common control with LICENSEE; and for this purpose, “control” of a corporation means
the direct or indirect ownership of more than fifty percent (50%) of its voting stock, and “control” of any other
business entity means the direct or indirect ownership of greater than a fifty percent (50%) interest in the income of such entity.

 

    

     

    

 

2.
LICENSE GRANT

 

HENDRICK
hereby grants to LICENSEE exclusive rights to the Licensed Issued Patent(s), in the Licensed Field of Use, to make, have made,
use, offer for sale, sell, lease, rent and export Licensed Products and Related Services for a term commencing as of Effective
Date and ending on the expiration of the last to expire of the Licensed Patents(s).

 

Transfer
or sublicensing of the Licensed Issued Patent(s) by LICENSEE is prohibited under the terms of this Agreement, except where HENDRICK
has approved, in her sole discretion, such transfer or sublicensing by separate written agreement.

 

Future
Expenses – All future expenses in respect of the Licensed Patent shall be paid by LICENSEE during the term of this Agreement.

 

Patent
Maintenance Fees - All maintenance costs for issued Licensed Patents shall be paid by LICENSEE during the term of this Agreement.
LICENSEE shall have the right to notify HENDRICK that it has no further interest in any particular patent requiring prosecution
or maintenance payments, and HENDRICK may then elect to make the maintenance payments himself or abandon the patent.

 

3.
COMMERCIAL APPLICATION (DILIGENCE)

 

LICENSEE
agrees to use all reasonable efforts and diligence to proceed with the development, manufacture, and or sublicensing of the Licensed
Products and Related Services, and to diligently develop markets for the Licensed Products and Related Services.

 

4.
PATENT LICENSE FEE, ROYALTIES AND QUARTERLY REPORTS

 

Patent
License: For the issuance of 200,000 Series B preferred shares of the Company (“Series B Shares”) to the Executive
or her nominee, the Executive hereby grants the Company a perpetual license subject to the terms and conditions of this agreement,
to the patent aforementioned as “licensed patent”.

 

Patent
Royalty: As further consideration for the grant of exclusive rights to the Licensed Patent, LICENSEE will pay to HENDRICK
or her nominee five (5) percent of the gross revenues derived from the use, offer for sale, sell, lease, rent and export of Licensed
Products and Related Services (the “Patent Royalty”).

 

Annual
Minimum Patent Royalty Amounts - The grant of exclusive rights to the Licensed Patent is subject to an “Annual Minimum Patent
Royalty Payment” of $50,000 for the initial one (1) year period commencing upon the issuance of a United States patent in
respect of HENDRICK’s United States issued Patents, “Smart card, Smart card with
a chip and finger-print sensor, Smart card with a chip and finger-print sensor, Smart card with a fingerprint sensor”, Issued
Patent Numbers D776,664 D786,355 D788,847 D791,772 (the “Initial Term”). The Annual Minimum Patent Royalty
Payment in subsequent years shall increase by one hundred (100) percent from the previous one (1) year period. For greater certainty,
the Annual Minimum Patent Royalty Payment in the 2nd year will be $ 100,000. LICENSEE shall, at the commencement of the Initial
Term and each subsequent one (1) year renewal term (if applicable), make the Annual Minimum Patent Royalty Payment to HENDRICK.
HENDRICK shall draw against the Annual Minimum Patent Royalty Payment for any and all Patent Royalties
due to HENDRICK for the period for which the Annual Minimum Patent Royalty Payment was made.

 

    

     

    

 

 

 

Quarterly
Patent Royalty Reports – LICENSEE agrees to provide HENDRICK, within thirty (30) days after the end of each calendar quarter
and within ten (10) days after the expiration or termination of this Agreement, a report of the gross revenues derived from the
use, offer for sale, sell, lease, rent and export of Licensed Products and Related Services, by country (if applicable) (“Quarterly
Patent Royalty Reports”). LICENSEE shall commence providing HENDRICK such Quarterly Patent Royalty Reports within thirty
(30) days following the end of the first calendar quarter in the Initial Term. The Quarterly Patent Royalty Reports will quantify
the gross revenues derived from the use, offer for sale, sell, lease, rent and export of Licensed Products and Related Services,
by country (if applicable), accrued during the previous quarter explaining the basis for such calculations. In the calendar quarter
in which LICENSEE has exhausted the Annual Minimum Patent Royalty Payment, LICENSEE shall include with the Quarterly Patent Royalty
Report payment for all Patent Royalties accrued for the immediately preceding quarter that are in excess of the Annual Minimum
Patent Royalty Payment. Unless otherwise instructed by HENDRICK, these payments will be made by check directly to HENDRICK or
her nominee at the address set out in Section 8.

 

Auditable
Records – LICENSEE shall keep true, accurate and consistent records containing regular entries relating to the gross revenues
derived from the use, offer for sale, sell, lease, rent and export of Licensed Products and Related Services, by country (if applicable).
These records shall be available for examination during normal business hours by accountants representing HENDRICK, who shall
be entitled to perform an audit and to make copies and extracts and to receive any explanations that may reasonably be requested.
HENDRICK is responsible for payment of the accountant’s fee, except that LICENSEE shall be responsible for such fees in
the event an examination discloses a discrepancy in HENDRICK’s favor of more than five (5) percent of the payment of total
fees due under this Agreement.

 

5.
NEGATION OF WARRANTIES

 

Nothing
in this Agreement is or shall be construed as:

 

	●	A
                                         warranty or representation by HENDRICK as to the validity or scope of any Licensed Patent;

 

	●	A
                                         warranty or representation that anything made, used, sold, or otherwise disposed of under
                                         any license granted in this Agreement, is or will be free from infringement of patents,
                                         copyrights, and other rights of third parties;

 

	●	An
                                         obligation to bring or prosecute actions or suits against third parties for infringement;

 

	●	Granting
                                         by implication, estoppel, or otherwise any licenses or rights under patents or other
                                         rights of HENDRICK or other persons other than Licensed Patents, regardless of whether
                                         such patents or other rights are dominant or subordinate to any Licensed Patent; or

 

	●	An
                                         obligation to furnish any technology or technological information other than the Licensed
                                         Patent.

 

Except
as expressly set forth in this Agreement, HENDRICK MAKES NO REPRESENTATIONS AND EXTENDS NO WARRANTIES OF ANY KIND, EITHER EXPRESS
OR IMPLIED. THERE ARE NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR THAT THE USE
OF THE LICENSED PRODUCTS AND/OR RELATED SERVICES WILL NOT INFRINGE ANY PATENT, COPYRIGHT, TRADEMARK, OR OTHER RIGHTS OR ANY OTHER
EXPRESS OR IMPLIED WARRANTIES.

 

    

     

    

 

6.
INDEMNITY

 

LICENSEE
agrees to indemnify, hold harmless, and defend HENDRICK against any and all claims for death, illness, personal injury, property
damage, and improper business practices arising out of the manufacture, use, sale, or other disposition of the Invention, the
Licensed Patent, or the Licensed Product and Related Services by LICENSEE.

 

NEITHER
PARTY SHALL BE LIABLE TO THE OTHER, ITS CUSTOMERS, THE USERS OF ANY LICENSED PRODUCTS AND RELATED SERVICES, OR ANY THIRD PARTIES
FOR ANY DIRECT, CONSEQUENTIAL, INCIDENTAL, INDIRECT, PUNITIVE OR SPECIAL DAMAGES WHATSOEVER, INCLUDING, WITHOUT LIMITATION, ANY
DAMAGE OR INJURY TO BUSINESS EARNINGS, PROFITS OR GOODWILL SUFFERED BY ANY PERSON ARISING FROM ANY USE OF THE LICENSED PATENTS,
LICENSED PRODUCTS AND RELATED SERVICES, REGARDLESS OF WHETHER SUCH LIABILITY IS BASED ON BREACH OF CONTRACT, TORT, STRICT LIABILITY,
BREACH OF WARRANTIES, INFRINGEMENT OF INTELLECTUAL PROPERTY, FAILURE OF ESSENTIAL PURPOSE OR OTHERWISE, EVEN IF ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES.

 

7.
TERMINATION

 

LICENSEE
may terminate this Agreement by giving HENDRICK notice in writing at least thirty (30) days in advance of the Effective Date of
termination selected by LICENSEE.

 

HENDRICK
may terminate this Agreement immediately in the event LICENSEE is in breach of Sections 2 or 4, specifically in respect of the
payment of the Annual Minimum Patent Royalty Payment, any Patent Royalties or other expenses in respect of the Licensed Patent.

 

HENDRICK
may terminate this Agreement effective upon written notice to LICENSEE in the event LICENSEE materially breaches this Agreement
and such breach remains uncured for thirty (30) days following written notice of such breach, unless such breach is incurable
in which event termination shall be immediate upon receipt of written notice.

 

HENDRICK
may terminate this Agreement by written notice if LICENSEE: (a) becomes insolvent; (b) files a petition, or has a petition filed
against it, under any laws relating to insolvency, and the related insolvency proceedings are not dismissed within sixty (60)
days after the filing of such petition; (c) enters into any voluntary arrangement for the benefit of its creditors; (d) appoints,
or has appointed on its behalf, a receiver, liquidator or trustee of any of such party’s property or assets; or (e) ceases
to carry on business in the ordinary course.

 

The
effect of termination or expiration of this Agreement is that the license granted under Section 2 shall revert back to HENDRICK.

 

Surviving
any termination or expiration are any cause of action or claim of LICENSEE or HENDRICK, accrued or to accrue, because of any breach
or default by the other party; and the provisions of Sections 4, 5 and 6; and any other provisions that by their nature are intended
to survive.

 

8.
SEVERABILITY

 

If
any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or
applications of the Agreement which can be given effect without the invalid provisions or applications and to this end the provisions
of this Agreement are declared to be severable.

 

    

     

    

 

9.
MISCELLANEOUS

 

Marking
– Prior to the issuance of patents on the Invention, LICENSEE agrees, when practical and consistent with LICENSEE’s
practices, to mark the Licensed Products and Related Services (or their containers or labels) made, sold, or otherwise disposed
of by it under the license granted in this Agreement with the words “Patent Pending”, and following the issuance of
one or more patents, with the numbers of the Licensed Patent.

 

Names
and Marks – Each party agrees not to identify the other party in any promotional advertising or other promotional materials
to be disseminated to the public or any portion thereof, without the other party’s prior written consent. Either party may
disclose the existence of this Agreement.

 

Infringement
by Others: Protection of Patents – LICENSEE shall promptly inform HENDRICK of any suspected infringement of any Licensed
Patent by a third party.

 

Sublicense
– LICENSEE may not grant sublicenses.

 

Assignment
– LICENSEE may not assign this Agreement.

 

Dispute
Resolution – The parties hereto agree to resolve any dispute or disagreements, excluding any dispute relating to patent
validity or infringement, which may arise during the course of this Agreement as follows:

 

		●	First,
HENDRICK and LICENSEE’s senior management will meet to attempt in good faith to resolve such dispute or disagreement;

 

		●	If
no resolution is reached, either party may request a one-day meeting with a mediator;

 

		●	If
no resolution is reached by mediation, such dispute or disagreement will be submitted for binding arbitration pursuant to the
rules of Arbitration in the State of Nevada

 

Notices
– Notices will be given by (a) certified mail (b) fax, (c) courier service, or (d) electronic mail (e-mail). Certified mail
or courier service notice is effective on the earlier of 5 days from being deposited for delivery or the date on the mail or courier
receipt. Fax and e-mail notice are effective when the sender receives confirmation that the fax was sent or the e-mail received.
A party will send notice to the following mail or e-mail address or another address about which the party gives thirty (30) days
prior written notice:

 

TO
HENDRICK:

 

Attention:
CHAYA HENDRICK

145 East Harmon Avenue, Apt. 19620

Las Vegas, Nevada, 89109 USA

Email: chaya@smartmetric.com

 

TO
LICENSE:

 

Attention:
Jay Needelman

3960 Howard Hughes Parkway, Suite 500

Las Vegas, Nevada, 89169 USA

Email: jay@smartmetric.com

 

    

     

    

 

Scope
of Agreement – This Agreement constitutes the entire Agreement between the parties pertaining to the subject matter hereof.
No representative of HENDRICK or LICENSEE has been authorized to make any representation, warranty, or promise not contained herein.

 

Applicable
Law – This Agreement shall be governed by the laws of the State of Nevada, USA.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written and resolved and consented
as a majority of the Board of Directors of SmartMetric, Inc.

 

LICENSEE

	 	 
	Jay Needelman,	 
	Board Member/Director & CFO	 
	SmartMetric, Inc.	 

 

		 
	Elizabeth Nightingale	 
	Board Member/Director	 
	SmartMetric, Inc.	 

 

		 
	Chaya Coleena Hendrick,	 
	Board Member/Director/CEO	 
	SmartMetric, Inc.	 

 

PATANTEE
/ HENDRICK

 

		 
	Chaya Coleena Hendrick,	 
	Patentee	 
	Letters Patent InventorExhibit 10.1

 

SINGLE FAMILY HOMES

 

REAL ESTATE PURCHASE AND SALE AGREEMENT

 

by and between

 

Southeast Equity Properties, LLC

JHB1 Properties, LLC

TWH of Alabama, LLC

Robert E Lee Living Trust

Vulcan Pacific, LLC

USA Regrowth Fund, LLC

Novato Ventures, LLC

Besaid, LLC

Thrive SF Capital Group, LLC

JMZ Partners, LLC

Capital Concepts NW, LLC

BP Fund, LLC

 

collectively, as Seller

 

and

 

REVEN HOUSING REIT, INC.,

a Maryland corporation,

as Buyer

 

October 12, 2017

 

     

     

    

 

THIS SINGLE FAMILY
HOMES PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into as of October 12, 2017
(“Effective Date”), by and between all of the parties set forth on Exhibit A-1 attached hereto
(collectively, “Seller”), and REVEN HOUSING REIT, INC., a Maryland corporation (“Buyer”).

 

BASIC TERMS

 

The following terms, as used in this Agreement,
will have the meanings assigned to such terms in this Basic Terms section of the Agreement, subject to any adjustments set forth
elsewhere in this Agreement.

 

Purchase Price: $2,443,000.00, subject
to adjustment in accordance with the provisions of this Agreement.

 

Deposit: $24,430.00 [1% of Purchase
Price].

 

Closing Date: December 15, 2017.

 

Due Diligence Period:
Subject to the provisions of Section 7 below, the period commencing on the Effective Date and ending on the date that is 30 days
after Buyer receives all Property Information, to be delivered to Buyer pursuant to Section 6(a)(3) and Section 7(a), during which
period Buyer will be provided the opportunity to review all aspects of the Property.

 

Escrow Holder: Fidelity National
Title Insurance Company.

 

Title Company: Fidelity National
Title Insurance Company.

 

Seller’s Broker: GK Houses.

 

PRELIMINARY
STATEMENTS

 

A.       Seller
is the owner of the Property (as defined herein); and

 

B.       Seller
desires to sell, and Buyer desires to buy, the Property, subject to valuation and due diligence periods, at the price and on the
terms and conditions hereafter set forth.

 

In consideration of
the recitals, mutual covenants, and agreements set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are mutually acknowledged, Seller and Buyer hereby agree as follows:

 

1.                 
Premises. The real estate which is the subject of this Agreement consists of 40 single family homes, in the State
of Alabama, which are identified and generally described on Exhibit A-2 attached hereto, together with all of the improvements
and structures located thereon (“Improvements”), any heating and ventilating systems and other fixtures
located therein or thereon, and all rights, interests, benefits, privileges, easements and appurtenances to the land and the Improvements,
if any (collectively, the “Premises”).

 

    1 

     

    

 

2.                 
Personal Property and Leases.

 

(a)              
The “Personal Property” referred to herein shall consist of all right, title, and interest
of Seller, if any, in all tangible (including all advertising materials, plans and specifications) and intangible personal property,
including any equipment, appliances, or furnishings that remain in the Premises at the Closing, and any and all existing licenses
and permits held by Seller and not constituting part of the real estate, located on and used in connection with the Premises.

 

(b)              
The “Leases” referred to herein shall consist of the leases, occupancy and rental agreements
between the Seller, as landlord and tenants of the single family homes that comprise the Premises that are in effect as of the
date of the Closing (defined below), as well as service contracts relating to the maintenance and repair of such homes.

 

3.                 
Sale/Conveyance and Assignment. Seller agrees to sell, convey and assign to Buyer, and Buyer agrees to buy and assume
from Seller, at the price and upon the other terms and conditions hereafter set forth (a) the Premises, (b) the Personal Property,
(c) the Improvements, and (d) the Leases (a-d collectively, the “Property”).

 

4.                 
Transfer of Title.

 

(a)              
Title to the Premises shall be conveyed to Buyer by a statutory warranty deed (the “Deed”) executed
by Seller, in the form attached hereto as Exhibit C.

 

(b)              
The Personal Property shall be conveyed to Buyer by a bill of sale (the “Bill of Sale”) executed
by Seller, in the form attached hereto as Exhibit D.

 

(c)              
The Leases shall be assigned by Seller and assumed by Buyer by an Assignment Leases and Contracts (the “Assignment
of Leases and Contracts”), in the form attached hereto as Exhibit E.

 

5.                 
Purchase Price; Deposit.

 

(a)              
Delivery of Purchase Price. The purchase price for the Property shall be the price
identified in the Basic Terms (the “Purchase Price”), which shall be subject to adjustment in accordance
with this Section 5 and Section 7(d) and payable by Buyer to Seller as follows:

 

(1)              
Within five (5) business days after the execution of this Agreement by Seller and Buyer, Buyer shall deposit into an escrow
account (the “Escrow”) established with Escrow Holder (as identified in the Basic Terms), which will
serve as escrow holder for this transaction a deposit in the amount of the Deposit (as identified in the Basic Terms above). If
Buyer notifies Seller that it elects to proceed to purchase the Property in accordance with the provisions of Section 7,
then the Deposit (as defined in the Basic Terms) will become non-refundable to Buyer, except in the event of a default or breach
of this Agreement by Seller. The Deposit shall at all times prior to Closing be invested in United States treasury obligations
or such other interest bearing accounts or securities as are approved by Buyer in writing; all interest earned on the Deposit will
be administered, paid or credited (as the case may be) in the same manner as the Deposit and, when credited to the escrow account
shall constitute additional Deposit. At the closing of the transactions contemplated by this Agreement (the “Closing”),
Buyer shall receive a credit against the Purchase Price for the Deposit.

 

    2 

     

    

 

(2)              
The Purchase Price, less a credit for the Deposit, and plus or minus prorations and adjustments as set forth in Section
17 hereof, shall be paid by Buyer to Seller by wire transfer of immediately available federal funds on the Closing Date.

 

(b)              
Intentionally Deleted.

 

(c)              
Notwithstanding Section 7(d) below, Buyer may, in lieu of adjusting the Purchase Price as a result of necessary repairs
and replacements, elect to exclude specified properties from the properties identified on Exhibit A-2. If, as a result of
its due diligence investigations, Buyer elects to exclude one or more properties from the Property being acquired in accordance
with this Agreement, then at least two business days before the Closing Date, Buyer will notify Seller that certain specified properties
(“Excluded Properties”) are to be excluded from the sale contemplated in this Agreement. Following Buyer’s
notification to Seller and identification of the Excluded Properties, (i) the description of the properties that comprise the Property,
as identified on Exhibit A-2, will be deemed modified to exclude the Excluded Properties; and (ii) the Purchase Price will
be reduced by the product of the number of homes that comprise the Excluded Properties and the value assigned to each home (the
“Assigned Home Value”). Once Buyer identifies to Seller the Excluded Properties, those properties so
identified will no longer be the subject of this Agreement and Seller will be free to sell them to another party or take any action
that Seller elects with respect to the Excluded Properties.

 

(d)              
Security Deposit Deficit. Prior to the expiration of the Due Diligence Period, Seller shall provide Buyer with a
list (the “Security Deposit Deficit List”) of all tenants under the Leases who have a security deposit in an
amount that is less than the amount of their monthly rent (the “Security Deposit Deficit”). The Security Deposit
Deficit List shall include the names of those tenants with a Security Deposit Deficit and the amount of their respective Security
Deposit Deficit. At Closing, Buyer shall receive a credit in the sum of the Security Deposit Deficits of all tenants listed on
the Security Deposit Deficit List.

 

6.                 
Representations, Warranties and Covenants.

 

(a)              
Seller’s Representations and Warranties. As a material inducement to Buyer to execute this Agreement and consummate
this transaction, Seller represents and warrants to Buyer as follows:

 

(1)              
Organization and Authority. Seller has been duly organized and is validly existing under the laws of the state of
its formation. Seller has the full right and authority and has obtained any and all consents required therefor to enter into this
Agreement, consummate or cause to be consummated the sale and make or cause to be made transfers and assignments contemplated herein.
The persons signing this Agreement on behalf of Seller are authorized to do so. This Agreement and all of the documents to be delivered
by Seller at the Closing have been authorized and properly executed and will constitute the valid and binding obligations of Seller,
enforceable against Seller in accordance with their terms.

 

    3 

     

    

 

(2)              
Conflicts. There is no agreement to which Seller is a party or, to Seller’s Knowledge, binding on Seller or
the Property, that is in conflict with this Agreement or that would limit or restrict the timely performance by Seller of its obligations
pursuant to this Agreement.

 

(3)              
Documents and Records. To Seller’s Knowledge, Seller has provided (or upon the execution hereof will provide)
Buyer with, or has made available to Buyer, true, correct and complete copies of the items scheduled in Schedule 6(a)(3)
attached hereto (all of the foregoing collectively the “Property Information”). The Property Information
consists of all documents relating to the Property in Seller’s possession or control.

 

(4)              
Litigation. There is no action, suit or proceeding pending or to Seller’s knowledge threatened which (i) if
adversely determined, would not be covered by insurance (subject to the payment of a customary insurance deductible) or adversely
affect the Property, or (ii) which challenges or impairs Seller’s ability to execute, deliver or perform this Agreement or
consummate the transaction contemplated hereby.

 

(5)              
Leases. Schedule 6(a)(5) sets forth a list of the leases and all contracts (including all service, maintenance,
and warranty contracts) that apply to the properties that comprise the Property, which, to Seller’s Knowledge, is true and
correct and complete list of such leases and contracts as of the date of such schedule. To Seller’s Knowledge, except as
scheduled in Schedule 6(a)(5), neither Seller nor any other party is in default with respect to any of its obligations
or liabilities pertaining to the Leases. To Seller’s Knowledge, other than the Leases and any other matters disclosed in
the Title Report, there are no leases, licenses or other occupancy agreements to which Seller is a party or is bound affecting
any portion of the Property as of the date hereof, which will be in force on the Closing Date. Seller has delivered or made available
at the Property, true and correct copies of the Leases to Buyer. No lessee under any Lease has any right of first refusal or option
to purchase the property that is the subject of their Lease. With respect to any property identified on Exhibit A-2, if
any Lease expires and is extended or renewed, or if Seller elects to sign a new Lease, during the period this Agreement is in effect,
then such new Lease must be submitted to Buyer for review and approval, may not have a term shorter than one year, and may not
include any free rent period or cancellation right on the part of the tenant, unless such terms are approved by Buyer in writing.

 

(6)              
Contracts. Exhibit B sets forth all contracts presently outstanding with respect to the Property. To Seller’s
Knowledge, neither Seller nor any other party is in default with respect to any of its obligations or liabilities pertaining to
any contracts that will survive the Close of Escrow.

 

(7)              
Notice of Violations. Seller has received no written notice that either the Property or the use thereof violates
any laws, rules and regulations of any federal, state, city or county government or any agency, body, or subdivision thereof having
any jurisdiction over the Property that have not been resolved to the satisfaction of the issuer of the notice.

 

(8)              
Withholding Obligation. Seller is not a “foreign person” within the meaning of Section 1445 of the
Internal Revenue Code of 1986, as amended.

 

    4 

     

    

 

(9)              
Condemnation. Except for any condemnation proceedings which Seller has not yet been served with process, there are
no pending or, to Seller’s Knowledge, threatened condemnation or similar proceedings affecting the Property or any individual
property that is a part thereof.

 

(10)          
Employees.Seller has no employees at the Property.

 

(11)          
No Bankruptcy Proceedings. Seller has not (i) made a general assignment for the benefit of creditors, (ii)
filed any voluntary petition in bankruptcy or suffered the filing of any involuntary petition by Seller’s creditors, (iii)
suffered the appointment of a receiver to take possession of all or substantially all of Seller’s assets, or (iv)
suffered the attachment or other judicial seizure of all or substantially all of Seller’s assets.

 

(12)          
Unrecorded Documents. Other than as disclosed in the Property Information, the Title Commitment, or any other documents
delivered to Buyer, Seller has not entered into any unrecorded contracts, leases, easements or other agreements with respect to
the Property that would be binding on Buyer or the Property following the Closing. Seller has no knowledge of any claim of any
third party affecting the use, title, occupancy or development of the Property that has not been disclosed to Buyer. Seller has
not granted any right of first refusal, option or other right to acquire all or any part of the Property.

 

For purposes of this
Section 6(a), the term “Seller’s Knowledge” means the actual knowledge of Justin Harrison,
the person who Seller represents to be the most knowledgeable about the Property.

 

(b)              
Buyer’s Representations and Warranties. As a material inducement to Seller to execute this Agreement and consummate
this transaction, Buyer represents and warrants to Seller that Buyer has been duly organized and is validly existing as a Maryland
corporation. Buyer has the full right and authority and has obtained any and all consents required therefore to enter into this
Agreement, consummate or cause to be consummated the purchase, and make or cause to be made the deliveries and undertakings contemplated
herein or hereby. The persons signing this Agreement on behalf of Buyer are authorized to do so. This Agreement and all of the
documents to be delivered by Buyer at the Closing have been authorized and properly executed and will constitute the valid and
binding obligations of Buyer, enforceable against Buyer in accordance with their terms.

 

(c)              
Covenants of Seller. Seller covenants and agrees that during the period from the date of this Agreement through and
including the Closing Date (except as otherwise provided in Section 6(c)(3) below):

 

(1)              
Seller will timely pay and perform its obligations under the Leases and any contracts to be assumed by Buyer pursuant hereto.

 

(2)              
 All tenant repair requests, including move-in punch-list items have been fixed properly or will be fixed properly and paid
for before the close of escrow.

 

    5 

     

    

 

(3)              
Delivery of 8-06 Financials. Upon request from Buyer, Seller agrees to prepare for delivery to Buyer, unaudited income
statements, along with accompanying notes, with respect to the Property for the twelve months ended December 31, 2016 (“Annual
Income Statement”) and the six months ended June 30, 2017 (“Interim Income Statement” and,
with the Annual Income Statement, the “Income Statements”). The Income Statements shall be (a) in accordance
with the books and records of Seller, (b) present fairly in all material respects the results of operations of the Property for
the periods therein specified, (c) prepared in accordance with U.S. generally accepted accounting principles, consistently applied,
and Rule 8-06 of Regulation S-X (17 C.F.R. Part 210), and (d) otherwise acceptable to Buyer in its reasonable discretion. Upon
request from Buyer, Seller shall also provide to Buyer, any schedules or supporting documentation that Buyer may reasonably request
that relate to the transactions included or to be included in the Income Statements. Upon request from Buyer, Seller agrees to
cooperate with Buyer, and provide all assistance and access to the books and records of Seller, as required for the audit of the
Annual Income Statement, to be completed no later than the 70th day following the Closing, unless Buyer extends such
deadline in its sole discretion. The audit of the Annual Income Statement shall be at Buyer’s expense and shall be conducted
by an independent accounting firm registered with the Public Company Accounting Oversight Board retained by Buyer. Upon request
from Buyer, Seller shall provide the items listed in Exhibit H attached hereto and incorporated herein, to the extent in
Seller’s possession or control. The covenants and obligations of Seller under this Section 6(c)(3) shall survive the Closing.

 

(d)       Seller
Representation Regarding Tenants. Seller hereby represents and warrants that each tenant is occupying its respective home and
that tenant ledgers produced by Sellers are accurate in all material respects and no material default currently exists and no condition
exists, which, with the passage of time may become a default under any of the Leases.

 

(1)              
Following
the expiration of the Due Diligence Period, Seller will not enter into any contract (other than new Leases) that will be an obligation
affecting the Property subsequent to the Closing Date except for contracts entered into in the ordinary course of business that
are terminable without cause and without payment of a penalty on not more than 30-days’ notice.

 

(2)              
Seller
will not remove any Personal Property from the Property except as may be required for necessary repair or replacement, and in the
event of such replacement, the replacement shall be of materially equal or better quality and quantity as existed as of the time
of its removal.

 

(3)              
Seller
will continue to operate and maintain the Property in accordance with past practices and will not make any material alterations
or changes thereto;

 

(4)              
Seller will maintain casualty and liability insurance of a level and type consistent with the insurance maintained by Seller
prior to the execution of this Agreement with respect to the Property;

 

(5)              
Seller will not do anything, or authorize anything to be done, that would adversely affect the condition of title as shown
on the Title Commitment.

 

    6 

     

    

 

(6)              
Seller agrees to terminate by written notice to the other parties thereto, effective as of Closing, any service contracts
that Buyer, pursuant to written notice to Seller prior to the expiration of the Due Diligence Period, requests Seller to terminate.
Seller shall deliver to Buyer copies of all notices of termination given by Seller pursuant to this subsection.

 

(7)              
Intentionally deleted.

 

(e)              
Representation
and Warranties Prior to Closing. The continued validity in all respects of the foregoing representations and warranties shall
be a condition precedent to the obligation of the party to whom the representation and warranty is given to close this transaction.
If any of Seller’s representations and warranties are not true and correct at any time on or before the Closing even if true
and correct as of the date of this Agreement or whether any change in facts or circumstances has made the applicable representation
and warranty no longer true and correct and regardless as to whether Buyer becomes aware of such fact through Seller’s notification
or otherwise, then Buyer may, at Buyer’s option, exercised by written notice to Seller (and as its sole and exclusive remedy),
either (i) proceed with this transaction, accepting the applicable representation and warranty as being modified by such subsequent
matters or knowledge and waiving any right relating thereto, if any, or (ii) terminate this Agreement and declare this Agreement
of no further force and effect and in which event Escrow Holder shall, without further instruction, return the Deposit to Buyer
and Seller shall have no further liability hereunder by reason thereof; provided, that if the breach of any representation or warranty
of Seller hereunder results from the willful and intentional act of Seller, Buyer will have the rights and remedies available to
Buyer under Section 18(b) of this Agreement upon a default by Seller of its obligations under this Agreement.

 

7.                 
Due Diligence Period.

 

(a)              
Buyer will have a period commencing on the Effective Date and ending at 6:00 PM Pacific Time on the date that is 30 days
after Buyer has received all Property Information set forth in Schedule 6(a)(3) (the “Due Diligence Period”)
to examine, inspect, and investigate the Property and, in Buyer’s sole judgment and discretion, to determine whether Buyer
desires to purchase the Property. If Buyer is acting diligently and in good faith to proceed with the consummation of the transaction
contemplated by this Agreement, Seller will agree, upon the written request of Buyer, to extend the Due Diligence Period up to
fourteen (14) days. Buyer agrees to submit a notice to Seller confirming Buyer has received all Property Information once received
and the date of the notice will become the Effective Date.

 

(b)              
Buyer may terminate this Agreement for any or no reason by giving written notice of such termination to Seller on or before
the last day of the Due Diligence Period. If this Agreement is terminated pursuant to this Section 7, the Deposit shall
be immediately refunded to Buyer, and neither party shall have any further liability or obligation to the other under this Agreement
except for the indemnity provisions set forth in Section 7(c) of this Agreement and any other provision of this Agreement
that is expressly intended to survive the termination of this Agreement. In the event this Agreement is terminated by Buyer within
the Due Diligence Period, escrow is required to return Buyer’s Deposit immediately and Seller agrees and will not cause escrow
to delay the return of the Deposit to Buyer for any reason. If Buyer does not elect to exercise its right to terminate this Agreement
during the Due Diligence Period, then Buyer shall notify Seller of Buyer’s intention to acquire the Property before the expiration
of the Due Diligence Period. If Buyer does not, before the expiration of the Due Diligence Period, either affirmatively notify
Seller of its desire to acquire the Property or send a termination notice to Seller, then Buyer will be deemed to have elected
to terminate this Agreement. If Buyer elects to proceed to purchase the Property, and this Agreement is not terminated or deemed
terminated before the expiration of the Due Diligence Period, then the Deposit shall be non-refundable except in the event of a
default hereunder by Seller.

 

    7 

     

    

 

(c)              
Subject to the rights of tenants under the Leases, Seller will provide to Buyer reasonable access to the Property for the
purpose of reasonably examining any or all aspects thereof, including conducting on a non-destructive basis, surveys, architectural,
engineering, non-invasive geo-technical and environmental inspections and tests, and any other inspections, studies, or tests reasonably
required by Buyer. Buyer shall give Seller reasonable notice by e-mail before entering onto any of the properties that comprise
the Property to perform inspections or tests, and in the case of tests (i) Buyer shall specify in writing to Seller the precise
nature of the test to be performed, and (ii) Seller may require, as a condition precedent to Buyer’s right to perform any
such test, that Buyer deliver Seller evidence of public liability and other appropriate insurance naming Seller as an additional
insured thereunder. Such examination of the physical condition of the Property, including the Third Party Inspection Report (defined
in Section 7(d) below) may include an examination for the presence or absence of hazardous or toxic materials, substances
or wastes, which shall be performed or arranged by Buyer at Buyer’s sole expense. Buyer shall keep the Property free and
clear of any liens and will indemnify, protect, defend, and hold each Seller Related Party (defined below) harmless from and against
all losses, costs, damages, claims, liabilities and expenses (including reasonable attorneys’ fees and court costs) (collectively,
“Losses”) arising from damage to the Property and injury to persons asserted against or incurred by any
Seller Related Party as a result of such entry by Buyer, its agents, employees or representatives (except that Buyer shall have
no liability or indemnity obligation for any diminution in the value of the Property resulting directly from any unfavorable analysis,
test, study, opinion or recommendation related to such inspection or test referenced in this subsection). If any such inspection
or test disturbs the Property and Buyer does not acquire the Property, Buyer will restore the Property to substantially the same
condition as existed prior to any such inspection or test. Buyer and its agents, employees, and representatives may, upon not less
than 24 hours prior written notice to Seller, examine and make copies of all books and records and other materials relating to
the condition of the Property in Seller’s possession at the office where such records are maintained. Any information provided
to or obtained by Buyer with respect to the Property shall be subject to the provisions of Section 22(p) of this Agreement.
The obligations of Buyer under this Section shall survive the termination of the Agreement.

 

(d)              
Buyer may retain a contractor or home inspector to prepare a report or reports describing the physical condition of the
Property (collectively, the “Third Party Inspection Report”), which Third Party Inspection Report shall
adequately identify any reasonably necessary repairs, improvements or replacements, which shall include, without limitation, any
replacement of items near the end or beyond its applicable useful life, and the estimated costs of such repairs, improvements or
replacements (collectively, the “Necessary Repairs”). The person or entity preparing the Third Party
Inspection Report must be licensed to perform such inspections in the jurisdiction where the Property is located, and may not be,
or have ever been, owned or controlled by Buyer or an affiliate of Buyer or otherwise not at arm’s length from Buyer. Buyer
will provide a copy of the Third Party Inspection Report to Seller prior to the expiration of the Due Diligence Period. If any
Necessary Repairs are identified in the Third Party Inspection Report and subject to the limitations set forth below, Seller shall
have the right to (i) make the Necessary Repairs after Closing and the estimated cost of the Necessary Repairs as set forth in
the Third Party Inspection Report shall be held in escrow by the Escrow Holder until such Necessary Repairs are completed as described
in Section 7(d)(1) below, or (ii) reduce the Purchase Price by the estimated cost of the repairs, improvements or replacements
set forth in the Third Party Inspection Report. Normal wear and tear shall not constitute grounds for a reduction in the Purchase
Price. If the cost to make the repairs, improvements and/or replacements identified in the Third Party Inspection Report exceeds
$60,000.00 in the aggregate, and Seller does not agree to make the Necessary Repairs after Closing and/or reduce the Purchase Price
by the identified cost of such repairs, improvements and replacements as set forth in the Third Party Inspection Report, then Seller
and Purchaser shall endeavor to agree upon on the extent of such Necessary Repairs and the obligations of Seller to make such Necessary
Repairs after Closing and/or the amount that the Purchase Price will be reduced as a result thereof, which agreement shall be evidenced
by a separate written instrument signed by both parties within five (5) days after Seller’s receipt of the Third Party Inspection
Report (the “Necessary Repair Agreement Deadline”). If Seller and Purchaser fail to enter into such separate
written agreement on or before the Necessary Repair Agreement Deadline, Seller shall have the right, upon written notice (the “Necessary
Repair Notice”) delivered to Buyer within three (3) days after the expiration of the Necessary Repair Agreement Deadline,
to exclude up to three (3) properties identified in the Third Party Inspection Report from the Property being acquired in accordance
with this Agreement (the “Necessary Repair Properties”), in which event the description of the properties that
comprise the Property will be deemed modified to exclude the Necessary Repair Properties, and the Purchase Price will be reduced
by the product of the number of homes that comprise the Necessary Repair Properties and the value assigned to each home as mutually
agreed by Buyer and Seller. If Seller timely delivers the Necessary Repair Notice to Buyer, Buyer may, upon written notice to Seller,
which shall be delivered by the later to occur of (1) five (5) business days after Buyer’s receipt of the Necessary Repair
Notice and (2) the end of the Due Diligence Period (the “Buyer Repair Notice Deadline”), elect to (i) close
the transaction as contemplated with a reduction of the Purchase Price in an amount equal to the lesser of (A) the estimated cost
of the repairs, improvements or replacements set forth in the Third Party Inspection Report less the amount of such costs
attributed to the Necessary Repair Properties or (B) $60,000.00 less an amount equal to $1,500.00 multiplied by the number
of Necessary Repair Properties, or (ii) terminate this Agreement. If Buyer fails to deliver such notice by the Buyer Repair Notice
Deadline, Buyer shall be deemed to have elected (i) above. If Buyer terminates this Agreement in accordance with this Section
7(d), then this Agreement will have no further force or effect, the parties will have no further obligations to each other
(except for any indemnities or other provisions that expressly survive termination of this Agreement) and Escrow Holder shall refund
the Deposit to Buyer. If Seller fails to timely deliver the Necessary Repair Notice to Buyer, the Purchase Price shall be reduced
by the estimated cost of the repairs, improvements or replacements set forth in the Third Party Inspection Report. The reductions
to the Purchase Price contemplated in this Section 7(d) are in addition to those contemplated in Section 5(c) of
this Agreement.

 

    8 

     

    

 

(1)              
If Seller elects to make the repairs contemplated in Section 7(d) above, a Purchase Price Escrow Repair Holdback amount
of the estimated cost of those Necessary Repairs as set forth in the Third Party Inspection Report (the “Purchase Price
Escrow Repair Holdback”) shall be withheld by the Escrow Holder until such time as Seller has completed all Necessary
Repairs to Buyer’s reasonable satisfaction. Such Necessary Repairs shall be completed by Seller, at Seller’s sole cost
and expense, not later than ninety (90) days after Closing (the “Holdback Repair Period”). Seller shall
provide to Buyer invoices and related back-up documentation reasonably acceptable to Buyer pertaining to all Necessary Repairs,
as well as photographs reasonably acceptable to Buyer depicting each and every item to be repaired before such repair has begun
and after such repair has been completed. Purchase Price Holdback funds shall remain held by the Escrow Holder until all Necessary
Repairs are completed to Buyer’s reasonable satisfaction. Upon the end of the Holdback Repair Period or sooner upon Buyer’s
election, Buyer shall review the status of the Necessary Repairs and, if any repairs have been completed to Buyer’s reasonable
satisfaction, Buyer shall at that time instruct the Escrow Holder to release funds pertaining to such completed repairs described
in the Third Party Inspection Report. If after Buyer’s review of the Necessary Repairs Buyer determines that all of the Necessary
Repairs have been completed during the Holdback Repair Period, any Purchase Price Escrow Repair Holdback funds remaining in Escrow
Holder’s custody shall be released to Seller.

 

(e)              
Notwithstanding any provision to the contrary set forth herein, in addition to the rights set forth in Sections 5(c)
and 7(d), Buyer may in its sole discretion, elect to designate specified properties from the properties identified on Exhibit
A-2 as Excluded Properties as defined in Section 5(c). In the event of such an election, Buyer shall deliver to
Seller a notice stating which properties it has designated as Excluded Properties no later than two (2) days prior to the
Closing Date (the “Notice to Seller”). Upon delivery of the Notice to Seller, the designated properties
described in the Notice to Seller shall be Excluded Properties, and the terms of Section 5(c) shall apply with respect
thereto.

 

8.                 
As Is Sale.

 

(a)              
BUYER SPECIFICALLY ACKNOWLEDGES AND AGREES THAT SELLER IS SELLING AND BUYER IS PURCHASING THE PROPERTY ON AN “AS IS
WITH ALL FAULTS” BASIS AND THAT, EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT AND THE CLOSING DOCUMENTS DELIVERED BY SELLER
TO BUYER AT CLOSING, BUYER IS NOT RELYING ON ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER, EXPRESS OR IMPLIED, FROM
SELLER, ITS AGENTS, OR BROKERS AS TO ANY MATTERS CONCERNING THE PROPERTY, INCLUDING WITHOUT LIMITATION: (I) THE QUALITY, NATURE,
ADEQUACY AND PHYSICAL CONDITION OF THE PROPERTY, INCLUDING, BUT NOT LIMITED TO THE STRUCTURAL ELEMENTS, FOUNDATION, ROOF, APPURTENANCES,
ACCESS, LANDSCAPING, PARKING FACILITIES AND THE ELECTRICAL, MECHANICAL, HVAC, PLUMBING, SEWAGE, AND UTILITY SYSTEMS, FACILITIES
AND APPLIANCES, (II) THE QUALITY, NATURE, ADEQUACY, AND PHYSICAL CONDITION OF SOILS, GEOLOGY AND ANY GROUNDWATER, (III) THE EXISTENCE,
QUALITY, NATURE, ADEQUACY AND PHYSICAL CONDITION OF UTILITIES SERVING THE PROPERTY, (IV) THE DEVELOPMENT POTENTIAL OF THE PROPERTY,
AND THE PROPERTY’ USE, HABITABILITY, MERCHANTABILITY, OR FITNESS, SUITABILITY, VALUE OR ADEQUACY OF THE PROPERTY FOR ANY
PARTICULAR PURPOSE, (V) THE ZONING OR OTHER LEGAL STATUS OF THE PROPERTY OR ANY OTHER PUBLIC OR PRIVATE RESTRICTIONS ON USE OF
THE PROPERTY, (VI) THE COMPLIANCE OF THE PROPERTY OR ITS OPERATION WITH ANY APPLICABLE CODES, LAWS, REGULATIONS, STATUTES, ORDINANCES,
COVENANTS, CONDITIONS AND RESTRICTIONS OF ANY GOVERNMENTAL OR QUASI-GOVERNMENTAL ENTITY OR OF ANY OTHER PERSON OR ENTITY, (VII)
THE PRESENCE OR ABSENCE OF HAZARDOUS MATERIALS (AS DEFINED IN ANY ENVIRONMENTAL STATUTE) ON, UNDER OR ABOUT THE PROPERTY OR THE
ADJOINING OR NEIGHBORING PROPERTY, (VIII) THE QUALITY OF ANY LABOR AND MATERIALS USED IN ANY IMPROVEMENTS ON THE PROPERTY, (IX)
THE CONDITION OF TITLE TO THE PROPERTY, (X) THE LEASES (INCLUDING ALL SERVICE CONTRACTS) AND ANY OTHER AGREEMENTS AFFECTING THE
PROPERTY AND (XI) THE ECONOMICS OF ANY PAST OR FUTURE OPERATIONS OF THE PROPERTY.

 

    9 

     

    

 

9.                 
Survival of Representations and Warranties After Closing.

 

(a)              
All representations and warranties of Seller herein shall survive the Closing for a period of one (1) year (the “Limitation
Period”).

 

(b)              
Buyer shall provide actual written notice to Seller of any breach of any of Seller’s warranties or representations
of which Buyer acquires knowledge, through any means, at any time after the Closing Date but prior to the expiration of the Limitation
Period, and shall allow Seller thirty (30) days within which to cure such breach, or, if such breach is susceptible of cure but
cannot reasonably be cured within thirty (30) days, an additional reasonable time period required to effect such cure so long as
such cure has been commenced within such thirty (30) days and diligently pursued but in no event more than ninety (90) days. If
Seller fails to cure such breach after actual written notice and within such cure period (as extended), Buyer’s sole remedy
shall be an action at law for damages as a consequence thereof, which must be commenced, if at all, within the six (6) months after
the expiration of the Limitation Period.

 

10.             
Closing.

 

(a)              
The purchase and sale transaction contemplated in this Agreement shall occur on the date and in the manner specified in
the Basic Terms section of this Agreement (the “Closing Date”), provided that all conditions precedent
to the Closing have been fulfilled or have been waived in writing by the respective party entitled to waive same. Notwithstanding
anything contained in this Agreement to the contrary, if any of the homes comprising the Property become vacant at least five (5)
days prior to the Closing (the “Vacant Homes”), Buyer shall have the right to defer the purchase of the Vacant
Homes until such time as Seller enters into a lease for such homes with tenants satisfying qualification standards mutually acceptable
to Seller and Buyer, and upon terms reasonably acceptable to Buyer. The closing(s) for the Vacant Homes shall occur on a date mutually
acceptable to Seller and Buyer but not later than fifteen (15) days after Seller notifies Buyer that the conditions in the preceding
sentence have been satisfied with respect to the applicable Vacant Homes. In such event, the amount of the Purchase Price paid
by Buyer at the Closing Date and at each subsequent closing of the Vacant Homes thereafter shall be based on the Assigned Home
Value of the homes purchased at each respective closing. Further notwithstanding anything contained in this Agreement to the contrary,
if Seller fails to enter into a lease for any of the Vacant Homes with tenants that satisfy Buyer’s tenant qualification
standards and upon terms acceptable to Buyer within sixty (60) days after the initial Closing Date, Buyer shall have the right
to exclude any such Vacant Homes from the transaction contemplated under this Agreement by delivering written notice to Seller,
in which event neither party shall have any further rights or obligations with respect to such Vacant Homes.

 

    10 

     

    

 

(b)              
On or before the Closing Date, the parties shall establish the usual form of deed and money escrow with Escrow Holder. Counsel
for the respective parties are hereby authorized to execute the escrow trust instructions as well as any amendments thereto.

 

11.             
Conditions to Buyer’s Obligation to Close.

 

(a)              
Buyer will not be obligated to proceed with the Closing unless and until each of the following conditions has been either
fulfilled or waived in writing by Buyer:

 

(1)              
This Agreement shall not have been previously terminated pursuant to any other provision hereof;

 

(2)              
Seller shall be prepared to deliver or cause to be delivered to Buyer all instruments and documents to be delivered to Buyer
at the Closing pursuant to Section 14 and Section 16 or any other provision of this Agreement; and

 

(3)              
All property managing services provided to the Property under any property management agreement shall have been terminated
on or prior to the Closing at no cost, liability or expense to Buyer.

 

(b)              
If any of the foregoing conditions are not fulfilled on or before the time for Closing hereunder, then subject to the provisions
of Section 18(b) hereof, Buyer may elect, upon notice to Seller, to terminate this Agreement, in which event the Deposit
shall be returned to Buyer, and neither party shall have any further liability or obligation to the other, except for the provisions
of this Agreement which are expressly stated to survive the termination of this Agreement.

 

12.             
Conditions to Seller’s Obligation to Close.

 

(a)              
Seller will not be obligated to proceed with the Closing unless and until each of the following conditions has been fulfilled
or waived in writing by Seller:

 

(1)              
Buyer shall be prepared to pay to Seller the Purchase Price and all other amounts to be paid to it at Closing pursuant to
the provisions of this Agreement;

 

(2)              
Buyer shall be prepared to deliver to Seller all instruments and documents to be delivered to Seller at the Closing pursuant
to Section 15 and Section 16 or any other provision of this Agreement; and

 

    11 

     

    

 

(3)              
This Agreement shall not have been previously terminated pursuant to any other provision hereof.

 

(b)              
If the foregoing conditions are not fulfilled on or before the time for Closing hereunder, then subject to the provisions
of Section 18(a) hereof, Seller may elect, upon notice to Buyer, to terminate this Agreement, in which event the Deposit
shall be returned to Buyer, and neither party shall have any further liability or obligation to the other, except for the provisions
of this Agreement which are expressly stated to survive the termination of this Agreement.

 

13.             
Title Insurance.

 

(a)              
Following the execution and delivery of this Agreement, Buyer shall cause Title Company to deliver to Buyer a commitment
for the Title Policy described in subsection (b) below (the “Title Commitment”), together with legible
copies of all of the underlying documentation described in such Title Commitment. Seller shall, within two business days after
the execution of this Agreement, deliver to Buyer the most recent surveys of the properties that comprise the Property in Seller’s
possession or control (the “Surveys”).

 

(b)              
At Closing, and as a condition thereof, Buyer shall receive an owner’s title insurance policy (the “Title
Policy”) issued by Title Company, dated the day of Closing, with liability in the full amount of the Purchase Price,
the form of which shall be an American Land Title Association Owner’s Policy, Standard Form B, 1992 (or other form preferred
by Buyer or required or promulgated pursuant to applicable state insurance regulations), subject only to the Permitted Exceptions
(defined below). The Title Policy may contain any reasonable endorsements typical for such a sale and reasonably requested by Buyer.

 

(c)              
Prior to the expiration of the Due Diligence Period, Buyer shall review title to the Property as disclosed by the Title
Commitment and the Surveys, and satisfy itself as to the availability from the Title Company of the Title Policy and all requested
endorsement to such Title Policy. Buyer shall have the right to obtain an update of the Surveys or to secure new surveys at any
time prior to the expiration of the Due Diligence Period.

 

(d)              
Seller shall have no obligation to remove or cure title objections, except for (1) liens of an ascertainable amount created
by Seller, which liens Seller shall cause to be released at the Closing or affirmatively insured over by the Title Company with
Buyer’s approval, (2) any exceptions or encumbrances to title which are created by Seller after the date of this Agreement
without Buyer’s consent, and (3) non-consensual liens which liens Seller shall cause to be released at the Closing or affirmatively
insured over by the Title Company. In addition, Seller shall provide the Title Company with any affidavits, ALTA statements or
personal undertakings (collectively, an “Owner’s Affidavit”), in form and substance reasonably
acceptable to the Title Company, that will permit the Title Company to remove the standard “mechanics lien” and “GAP”
exceptions and otherwise issue the Title Policy in the form required by Buyer.

 

(e)              
“Permitted Exceptions” shall mean: (1) any exception arising out of an act of Buyer or its representatives,
agents, employees or independent contractors; (2) zoning and subdivision ordinances and regulations; (3) the specific exceptions
in the Title Commitment that the Title Company has not agreed to insure over or remove from the Title Commitment as of the end
of the Due Diligence Period and that Seller is not required to remove as provided above; (4) items shown on the Surveys or
any updated or new surveys of the Property which have not been removed as of the end of the Due Diligence Period; (5) real estate
taxes and assessments not yet due and payable; and (6) rights of tenants under the Leases, as occupancy tenants only and without
any rights of first refusal, rights of first offer or purchase options.

 

    12 

     

    

 

14.             
Documents to be Delivered to Buyer at Closing. At Closing, Seller shall deliver or cause to be delivered to Buyer
each of the following instruments and documents:

 

(a)              
Deed. The Deed, in the form attached hereto as Exhibit C.

 

(b)              
Bill of Sale. The Bill of Sale covering the Personal Property, in the form attached hereto as Exhibit D.

 

(c)              
The Title Policy. The Title Policy may be delivered after the Closing if at the Closing the Title Company issues
a currently effective, duly-executed “marked-up” Title Commitment and irrevocably commits in writing to issue the Title
Policy in the form of the “marked-up” Title Commitment after the Closing.

 

(d)              
Assignment of Leases and Contracts. An Assignment of Leases and Contracts, in the form attached hereto as Exhibit E,
transferring and assigning to Buyer, to the extent the same are assignable, all right, title and interest of Seller in the Leases
and the other property described therein.

 

(e)              
Transfer Tax Declarations. Original copies of any required real estate transfer tax or documentary stamp tax declarations
executed by Seller or any other similar documentation required to evidence the payment of any tax imposed by the state, county
and city on the transaction contemplated hereby.

 

(f)               
FIRPTA. An affidavit, in the form attached hereto as Exhibit F, stating Seller’s U.S. taxpayer
identification number and that Seller is a “United States person”, as defined by Internal Revenue Code Section 1445(f)(3)
and Section 7701(b).

 

(g)              
Owner’s Affidavit. The Owner’s Affidavit materials referred to in Section 13(d) above.

 

(h)              
Surveys, Plans, Permits and Specifications.All existing surveys, blueprints, drawings, plans and specifications,
permits, and operating manuals for or with respect to any of the properties that comprise the Property or any part thereof to the
extent the same are in Seller’s possession.

 

(i)                
Keys.All keys to the improvements, to the extent the same are in Seller’s possession.

 

(j)                
Leases. Originals of all Leases in effect on the Closing Date (or copies thereof in the event the originals are
not in Seller’s possession, or in the possession of Sellers’ property manager and such copies of Leases are in Seller’s
possession), and the tenant files with respect to such Leases, to the extent the same are in Seller’s possession.

 

    13 

     

    

 

(k)              
Certificate.A certificate (the “Update”) of Seller dated as of the Closing Date certifying
that the representations and warranties of Seller set forth in Section 6(a) of this Agreement as applicable, remain true
and correct in all material respects as of the Closing Date, except as to Schedule 6(a)(5), which Update shall be dated
no earlier than three (3) days prior to Closing.

 

(l)                
Other Deliveries. Such other documents and instruments as may be required by any other provision of this Agreement
or as may reasonably be required to carry out the terms and intent of this Agreement.

 

15.             
Documents to be Delivered to Seller at Closing. At Closing, Buyer shall deliver or cause to be delivered to Seller
each of the following instruments, documents and amounts:

 

(a)              
Purchase Price. The Purchase Price, subject to adjustment and proration as provided in Section 17 below.

 

(b)              
Transfer Tax Declarations. Original copies of any required real estate transfer tax or documentary stamp tax declarations
executed by Buyer or any other similar documentation required to evidence the payment of any tax imposed by the state, county and
city on the transaction contemplated hereby.

 

(c)              
Assignment of Leases. A counterpart of the Assignment of Leases and Contracts, in the form attached hereto as Exhibit
E.

 

(d)              
Certificate.A certificate of Buyer (the “Buyer’s Update”) dated as of the Closing
Date certifying that the representations and warranties of Buyer set forth in Section 6(b) of this Agreement as applicable,
remain true and correct in all material respects as of the Closing Date, which Buyer’s Update shall be dated no earlier than
three (3) days prior to Closing.

 

(e)              
Other Documents. Such other documents and instruments as may be required by any other provision of this Agreement
or as may reasonably be required to carry out the terms and intent of this Agreement.

 

16.             
Documents to be Delivered by Seller and Buyer at Closing. At Closing, Buyer and Seller shall deliver or cause to
be delivered each of the following instruments and documents:

 

(a)              
Escrow Instructions. Escrow instructions (as described in Section 10(b)).

 

(b)              
Settlement Statement. A fully executed settlement statement.

 

(c)              
Notice to Tenants. A duly executed notice to each of the tenants under the Leases.

 

    14 

     

    

 

17.             
Prorations and Adjustments.

 

(a)              
The following items shall be prorated and adjusted based upon the number of calendar days in the measuring period between
Seller and Buyer as of midnight on the date of Closing, except as otherwise specified:

 

(1)              
Taxes. All real estate taxes and assessments (“Taxes”) assessed against the Property for
the year of Closing shall be prorated as follows: Seller will be responsible for the payment of Taxes applicable to the period
before the Closing Date, and Buyer will be responsible for the period on and after the Closing Date. If the actual taxes and assessments
cannot be determined for such year as of the Closing Date, then the parties shall make such proration based upon One Hundred and
Ten percent (110%) of the most recently issued tax bill for the Property and thereafter, make a final adjustment of such Taxes
upon receipt of the final bill. The provisions of this Section 17(a)(1) shall survive Closing.

 

(2)              
Utilities. All utilities shall be prorated based upon estimates using the most recent actual invoices. Seller shall
receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Buyer
at the Closing. In the case of non-transferable deposits, Buyer shall be responsible for making any security deposits required
by utility companies providing service to the Property.

 

(3)              
Collected Rent. Buyer shall receive a credit for any rent and other income (and any applicable state or local tax
on rent) under Leases collected by Seller before Closing that applies to any period after Closing. Uncollected rent and other uncollected
income shall not be prorated at Closing. After Closing, Buyer shall apply all rent and income collected by Buyer from a tenant
(x) first to such tenant’s rental obligations for the month in which the Closing occurs, (y) next to such tenant’s
monthly rental for the month in which the payment is made, and (z) then to arrearages in the reverse order in which they were due,
remitting to Seller, after deducting collection costs, any rent or expense reimbursements properly allocable to Seller’s
period of ownership. Buyer shall bill and attempt to collect such rent arrearages in the ordinary course of business, but shall
not be obligated to engage a collection agency or take legal action to collect any rent arrearages. Any rent or other income received
by Seller or Buyer after Closing which are owed to Seller or Buyer shall be remitted to Seller or Buyer as applicable, promptly
after receipt.

 

(b)              
Tenant Security Deposits. All unapplied tenant security deposits (and interest thereon if required by law or contract
to be earned thereon) under the Leases, shall be credited to Buyer at Closing.

 

(1)              
Service Contracts. With respect to any contracts that are assumed by Buyer and survive the Closing, Seller shall
receive a credit for prepaid charges and premiums applicable to Buyer’s period of ownership. The Buyer shall receive a credit
for any payments made in arrears. In addition and without limitation of the foregoing, Buyer shall receive a credit under any assumed
contract (each a “Service Provider Contract”) in which Seller has received any advance payments or other
income from the servicer provider under such Service Provider Contract in exchange for agreeing to enter into such Service Contract
(regardless of whether such advance payment or other income was paid in a lump sum or in installments). Any lump sum payments shall
be pro-rated on a straight line basis over the term of any applicable Service Provider Contract.

 

    15 

     

    

 

(2)              
Owner Deposits. Seller shall be entitled to the return of all bonds, deposits, letters of credit, set aside letters
or other similar items, if any, that are outstanding with respect to the Property that have been provided by Seller or any of its
affiliates, agents or investment advisors to any governmental agency, public utility, or similar entity (collectively, “Owner
Deposits”). Buyer shall replace such Owner Deposits. To the extent that any funds are released as a result of the
termination of any Owner Deposits for which Seller did not receive a credit, such funds shall be delivered to Seller immediately
upon their receipt.

 

(c)              
Final Prorations. With regards to any prorations set forth in this Section 17 that are based upon estimates,
such prorations shall be readjusted based upon the actual bills after the Closing and before the expiration of the Limitation Period.
The provisions of this Section 17(c) shall survive Closing.

 

18.             
Default; Termination.

 

(a)              
IF THE CLOSING FAILS TO OCCUR BECAUSE OF BUYER’S DEFAULT, THE DEPOSIT SHALL BE RETAINED
BY SELLER AS LIQUIDATED DAMAGES. THE PARTIES HERETO EXPRESSLY AGREE AND ACKNOWLEDGE THAT SELLER’S ACTUAL DAMAGES IN THE EVENT
OF A DEFAULT BY BUYER WOULD BE EXTREMELY DIFFICULT OR IMPRACTICABLE TO ASCERTAIN BECAUSE OF THE NATURE OF THE PROPERTY AND THAT
THE AMOUNT OF THE DEPOSIT REPRESENTS THE PARTIES’ REASONABLE ESTIMATE OF SUCH DAMAGES. THE PAYMENT OF SUCH AMOUNT AS LIQUIDATED
DAMAGES IS NOT INTENDED AS A FORFEITURE OR PENALTY WITHIN THE MEANING OF ANY APPLICABLE LAWS, BUT IS INTENDED TO CONSTITUTE LIQUIDATED
DAMAGES TO SELLER. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS SECTION 18, SELLER AND BUYER AGREE THAT THIS
LIQUIDATED DAMAGES PROVISION IS INTENDED TO BE SELLER’S SOLE AND EXCLUSIVE REMEDY FOR A DEFAULT BY BUYER, BUT IS NOT INTENDED
AND SHOULD NOT BE DEEMED OR CONSTRUED TO LIMIT IN ANY WAY BUYER’S INDEMNIFICATION OBLIGATIONS UNDER THIS AGREEMENT.

 

SELLER’S INITIALS: _____     BUYER’S INITIALS: _____

  

(b)              
If Seller defaults in any material respect hereunder, then provided Buyer is not in default any material respect, Buyer
may, at its sole election, either:

 

(1)              
Terminate this Agreement, whereupon the Deposit shall be promptly returned to Buyer, as well as Buyer’s actual out
of pocket costs to unrelated and independent third party vendors, including reasonable attorneys’ fees incurred as a result
of this transaction, which costs and fees shall not exceed Twenty-Four Thousand Four Hundred Thirty and 00/100 Dollars ($24,430.00.00),
and neither party shall have any further liability or obligation to the other, except for the provisions of this Agreement which
are expressly stated to survive the termination of this Agreement; or

 

    16 

     

    

 

(2)              
Assert and seek judgment against Seller for specific performance. If a court of competent jurisdiction determines that the
remedy of specific performance is not available to Buyer, then Buyer shall have the right to assert and seek judgment against Seller
for actual contract damages.

 

19.             
Expenses. All recording fees respecting the Deed, title insurance premiums for the Title Policy, including without
limitation, costs and premiums for extended coverage of the Title Policy and any endorsements thereto requested by Buyer, all state
and county transfer taxes, brokerage fees and commissions, the fee charged by Escrow Holder, and all other costs, charges and expenses
not expressly required under this Agreement to be paid by Seller or Buyer, as applicable, shall be shared equally by Seller and
Buyer.

 

20.             
Intermediaries. Seller represents to Buyer, and Buyer represents to Seller, that there are no fees owed to any broker,
finder, or intermediary of any kind with whom such party has dealt in connection with this transaction. If any claim is made for
broker’s or finder’s fees or commissions in connection with the negotiation, execution or consummation of this Agreement
or the transactions contemplated hereby, each party shall defend, indemnify and hold harmless the other party from and against
any such claim based upon any statement, representation or agreement of such party, which obligation shall survive Closing.

 

21.             
Destruction
of Improvements.

 

(a)              
If, prior to Closing, any of the Improvements on any of the properties that comprise the Property are damaged or destroyed
such that the cost of repair or replacement of such improvements is material (“Material Damage”), or
a condemnation proceeding is commenced or threatened in writing by a governmental or quasi-governmental agency with the power of
eminent domain (“Condemnation”), then:

 

(1)              
Buyer may elect, within fourteen (14) days from receipt of notice of said Material Damage, or notice of a Condemnation,
by written notice to Seller, to exclude the individual property affected by such event from this transaction; provided that if
more than twenty-five percent (25%) of the properties that comprise the Property suffer Material Damage, or become the subject
of a Condemnation, then Buyer may terminate this Agreement. If necessary, the time of Closing shall be extended to permit Buyer
to evaluate and make the elections contemplated in this Section 21. If Buyer elects to terminate this Agreement in accordance
with this Section 21, then the Deposit shall be returned to Buyer and, except for the provisions of this Agreement that
expressly survive Closing or earlier termination of this Agreement, this Agreement shall be void and of no further force and effect,
and neither party shall have any liability to the other by reason hereof; or

 

(2)              
If Buyer elects to exclude certain properties from this transaction, and proceed to the Closing, then the Purchase Price
will be reduced by the aggregate Assigned Home Value of the excluded properties. If, however, it is determined that any damage
to one or more properties does not constitute a Material Damage, or Buyer elects to purchase one or more properties that have suffered
Material Damage, then the transaction contemplated hereby shall be closed without a reduction in the Purchase Price, and Seller
shall assign to Buyer Seller’s rights in any insurance proceeds or Condemnation award to be paid to Seller in connection
with such damage or Condemnation, and, in the case of Material Damage, Seller shall pay to Buyer an amount equal to the deductible
under Seller’s policy of casualty insurance and Seller shall execute and deliver to Buyer all required proofs of loss, assignments
of claims and other similar items.

 

    17 

     

    

 

(b)              
For purposes of this Section 21, damage or destruction will be considered “Material Damage” if one or
more of the properties that comprise the Property are rendered uninhabitable, or if the time to repair such damage, despite reasonable
expectations with respect to repairs, is reasonably determined by Buyer to exceed three months. If, prior to Closing, any of the
improvements on the Property are damaged or destroyed and such damage is not Material Damage, Buyer shall remain obligated to close
hereunder with no abatement in the Purchase Price. At Closing, Seller shall assign to Buyer Seller’s rights in any insurance
proceeds to be paid to Seller in connection with such damage or destruction, and Buyer shall receive a credit against the Purchase
Price in an amount equal to the deductible amount under Seller’s casualty insurance policy.

 

22.             
General Provisions.

 

(a)              
Entire Agreement. This written Agreement, including all Exhibits attached hereto and documents to be delivered pursuant
hereto, shall constitute the entire agreement and understanding of the parties, and there are no other prior or contemporaneous
written or oral agreements, undertakings, promises, warranties, or covenants not contained herein.

 

(b)              
Amendments in Writing. This Agreement may be amended only by a written memorandum subsequently executed by all of
the parties hereto.

 

(c)              
Waiver. No waiver of any provision or condition of this Agreement by any party shall be valid unless in writing signed
by such party. No such waiver shall be taken as a waiver of any other or similar provision or of any future event, act, or default.

 

(d)              
Time of the Essence. Time is of the essence of this Agreement. However, if Buyer is acting diligently and in good
faith to proceed with the consummation of the transaction contemplated by this Agreement on the Closing Date, Seller will agree,
upon the written request of Buyer, to extend the Closing Date up to three (3) business days. In the computation of any period of
time provided for in this Agreement or by law, any date falling on a Saturday, Sunday or legal holiday when banks are not open
for business in the State where the Property is located, will be deemed to refer to the next day which is not a Saturday, Sunday,
or legal holiday when banks are not open for business in such State.

 

(e)              
Severability. If any provision of this Agreement is rendered unenforceable in whole or in part, such provision will
be limited to the extent necessary to render the remainder of the Agreement valid, or will be deemed to be removed from this Agreement,
as circumstances require, and this Agreement shall be construed as if said provision had been incorporated herein as so limited,
or as if said provision has not been included herein, as the case may be.

 

    18 

     

    

 

(f)               
Headings. Headings of sections are for convenience of reference only, and shall not be construed as a part of this
Agreement.

 

(g)              
Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefits of the parties hereto,
and their respective successors, and permitted assigns. This Agreement may not be assigned by either party without the consent
of the other party, except that Buyer may, without consent from Seller, assign this Agreement to an affiliate of Buyer, Reven Housing
REIT, Inc., or any affiliate of Reven Housing REIT, Inc. or any entity formed by Buyer for the purpose of acquiring or taking title
to the Property; provided that such assignment will not release Buyer from its obligations under this Agreement. Any assignment
in accordance with this Section 22(g) will entitle the assignee thereunder to all rights and benefits, and subject such
assignee to all obligations, of Buyer hereunder.

 

(h)              
Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be mailed,
or sent by Federal Express, UPS or other recognized overnight courier service for next business day delivery, or sent by electronic
mail (so long as reasonable evidence that such notice was sent and received is obtained by the sending party). Any notice provided
hereunder shall be deemed to be given when sent in accordance with this provision, but any time to respond to such notice as provided
in this Agreement will not commence until the actual receipt of the notice. Notices will be deemed valid if sent to the parties
as follows:

 

IF TO BUYER

 

Reven Housing
REIT, Inc.

P.O. Box
1459

La Jolla,
California 92038-1459

Phone: 858-459-4000

e-mail: cmc@revenhousingreit.com

e-mail: mps@revenhousingreit.com

Attention:
Chad Carpenter and Michael Soni

 

with a copy to:

 

Greenberg Traurig, LLP

1000 Louisiana

Suite 1700

Houston, Texas 77002

Phone: (713) 374-3521

e-mail: parkerd@gtlaw.com

Attention: David W. Parker

 

    19 

     

    

 

IF TO SELLER:

 

Justin Harrison

600 Lakeshore Pkwy.

Birmingham, AL 35209

Phone: 205-616-3761

e-mail: justin@equitygrouponline.com

 

with a copy to:

 

Brockwell Smith, LLC

2100 1st Ave.
North

Suite 300

Birmingham, AL 35203

205-800-8501

e-mail: jay@brockwellsmith.com

Attention: Jay Smith

 

IF TO ESCROW HOLDER:

 

Fidelity National Title
Insurance Company

1300 Dove Street, Suite
130

Newport Beach, California 
92660

Phone: (949) 221-4715

e-mail: paul.mcdonald@fnf.com

Attention:  Paul
McDonald

 

or to such additional or other persons,
at such other address or addresses as may be designated by notice from Buyer or Seller, as the case may be, to the other. Notices
by mail shall be sent by United States certified or registered mail, return receipt requested, postage prepaid, and shall be deemed
given upon receipt or refusal of receipt. Notices by facsimile or electronic mail shall be deemed given and effective upon receipt
or refusal of receipt. Notices by overnight courier shall be deemed given and effective upon receipt or refusal of receipt from
Federal Express, UPS or another recognized overnight courier service.

 

(i)                
Governing Law; Venue. To the extent enforceable, the parties agree that this Agreement shall be governed in all respects
by the internal laws of the State of Alabama. In any dispute arising out of or related to this Agreement, an action must be brought
in Federal or State court, as applicable, in the County of Jefferson, Alabama. The provisions of this Section 22(i) will
survive the termination of this Agreement.

 

(j)                
Counterparts. This Agreement may be executed in any number of identical counterparts, any or all of which may contain
the signatures of less than all of the parties, and all of which shall be construed together as but a single instrument.

 

    20 

     

    

 

(k)              
Attorneys’ Fees. If any action or proceeding brought by either party against the other under this Agreement,
the prevailing party shall be entitled to recover all costs and expenses including its attorneys’ fees in such action or
proceeding in such amount as the court may adjudge reasonable. The prevailing party shall be determined by the court based upon
an assessment of which party’s major arguments made or positions taken in the proceedings could fairly be said to have prevailed
over the other party’s major arguments or positions on major disputed issues in the court’s decision. If the party
that commenced or instituted the action, suit or proceeding dismisses or discontinues it without the concurrence of the other party,
such other party shall be deemed the prevailing party. The provisions of this Section 22(k) will survive any termination
of this Agreement.

 

(l)                
Construction. This Agreement will not be construed more strictly against either party by virtue of the fact that
it was prepared by one party or its counsel, it being recognized that each party hereto has had the opportunity to review, have
its counsel review, and provide input into this Agreement. All words herein that are expressed in the neuter gender shall be deemed
to include the masculine, feminine and neuter genders and any word herein that is expressed in the singular or plural shall be
deemed, whenever appropriate in the context, to include the plural and the singular.

 

(m)            
Reporting Obligations. Seller and Buyer hereby designate Escrow Holder to act as and perform the duties and obligations
of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R.
Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions. If required under
applicable law, Seller, Buyer and Escrow Holder shall execute at Closing a Designation Agreement designating the Escrow Holder
as the reporting person with respect to the transaction contemplated by this Agreement.

 

(n)              
1031 Exchange. Either party may involve this transaction in a like-kind exchange under Internal Revenue Code Section
1031, the cost and expense of which will be borne solely by the party invoking such structure. Each party shall reasonably cooperate
with the other in such structure, provided that the party that is not participating in a like-kind exchange shall incur no material
costs, expenses or liabilities in connection with the other’s exchange and will not be required to take title to or contract
for purchase of any other property. If either party uses a qualified intermediary or exchange accommodator to effectuate the exchange,
any assignment of the rights or obligations of such party shall not relieve, release or absolve such party of its obligations to
the other.

 

(o)              
Bulk Sales. Seller agrees to indemnify and hold Buyer, any permitted assignee of Buyer’s rights under this
Agreement and any of their respective affiliates, officers, directors, shareholders, members, partners, agents, employees and advisors
(collectively, the “Indemnified Parties”) harmless from and against any and all claims, damages, losses,
costs, expenses, liens, actions and causes of actions (including, without limitation, reasonable attorneys’ fees and expenses)
that may be incurred by, or asserted against, Buyer, any of the other Indemnified Parties or the Property by reason of either such
noncompliance with the Bulk Sales laws applicable in the state or states where the Property is located, or the failure of Seller
to have paid any taxes, penalties or interest which are the subject of such laws. The provisions and obligations of this Section
24(o) shall survive the Closing.

 

    21 

     

    

 

(p)              
Confidentiality. Buyer, Seller, and their respective representatives shall hold in strictest confidence all data
and information obtained with respect to the transaction contemplated herein, including, without limitation, the operation and
management of the Property, whether obtained before or after the execution and delivery hereof, as well as of Buyer’s plans
to purchase the Property or other properties in other locations, and shall not use such data or information for purposes unrelated
to this Agreement or disclose the same to others except as expressly permitted hereunder. The preceding sentence shall not be construed
to prevent Buyer or Seller from disclosing to their prospective lenders or investors, or to its officers, directors, attorneys,
accountants, architects, engineers and consultants to perform their designated tasks in connection with Buyer’s inspection
and proposed acquisition of the Property, provided Buyer advises any such party of the confidential nature of the information disclosed.
However, neither party shall have this obligation concerning information which: (a) is published or becomes publicly available
through no fault of either the Buyer or Seller; (b) is rightfully received from a third party; or (c) is required to
be disclosed by law. Notwithstanding the preceding, nothing in this Agreement will prevent or be deemed to limit Buyer’s
ability to disclose the existence of this Agreement, and the nature of any material terms herein, to the Securities and Exchange
Commission or any other governmental agency to which Buyer, or its successors hereunder, have a disclosure obligation under any
applicable law. The terms of this Section 22(p) shall survive the consummation of the transaction contemplated herein or the earlier
termination of this Agreement.

 

(q)              
Post-Closing Vacancy Holdback. Twenty Thousand and 00/100 Dollars ($20,000.00) of the Purchase Price (the “Post-Closing
Vacancy Holdback”) shall be withheld by the Escrow Holder subject to the following terms. If any of the properties
that comprise the Property (i) are leased to a tenant pursuant to a lease agreement entered into between Seller and such tenant
within ninety (90) days prior to the closing of such property and/or (ii) are leased to a tenant that does not satisfy tenant qualification
requirements mutually acceptable to Seller and Buyer, and any such properties become tenantless or vacant because the tenant or
other occupant breached the lease or other occupancy agreement within ninety (90) days after Closing, for each such property, Buyer
shall provide back-up documentation reasonably satisfactory to Seller documenting the breach and missing tenant or vacancy and
shall be refunded Five Thousand and 00/100 Dollars ($5,000.00) per occurrence from the Post-Closing Vacancy Holdback. The maximum
amount that can be refunded to Buyer hereunder is capped at $20,000. After ninety (90) days have elapsed after the closing, the
balance of the Post-Closing Vacancy Holdback, if any, shall be delivered to Seller.

 

(r)               
Post-Closing Return of Properties. If during the ninety (90) day period after Closing Buyer learns that any leases,
other occupancy agreements or contracts of any kind on properties that comprise the Property provide the tenant, occupant or any
other third party with an option to purchase the property, a right of first refusal, a right of first offer or any other contractual
option or right to purchase the property, then the sale of such property to Buyer shall be rescinded and the purchase price of
such property shall be refunded by Seller to Buyer within thirty (30) days of Buyer’s written notice to Seller. Buyer’s
notice to Seller shall include back-up documentation reasonably satisfactory to Seller demonstrating the existence of the option
to purchase the property, a right of first refusal, a right of first offer, or any other contractual option or right to purchase
the property.

 

    22 

     

    

 

(s)               
Financing Contingency. Seller and Purchaser hereby acknowledge and agree that Purchaser’s obligation to close
on the transaction contemplated under this Agreement is contingent upon Purchaser obtaining financing from a third party lender
to fund all or part of the Purchaser Price. Notwithstanding anything contained in this Agreement to the contrary, if Purchaser
fails or is unable to obtain such financing upon terms acceptable to Purchaser, in its sole discretion, on or before December 15,
2017, Purchaser shall have the right to terminate this Agreement by delivering written notice to Seller on or before Closing, in
which event the Deposit shall be returned to Purchaser and neither party shall have any further rights or obligations hereunder,
except for any obligations that expressly survive the termination of this Agreement.

 

IN WITNESS WHEREOF,
the parties have caused this Agreement to be executed as of the day and year first above written.

 

 

[SIGNATURE PAGE FOLLOWS]

 

    23 

     

    

 

[Signature Pages for Seller]

 

 

	 	Southeast Equity Properties, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Justin Harrison	 
	 	Name: 	Justin Harrison
	 	Title:	Owner/Member
	 	 	 
	 	JHB1 Properties, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Justin Harrison	 
	 	Name:	Justin Harrison
	 	Title:	Owner/Member
	 	 	 
	 	TWH of Alabama, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Justin Harrison	 
	 	Name:	Justin Harrison
	 	Title:	Owner/Member
	 	 	 
	 	Robert E Lee Living Trust, a trust formed under the laws of the State of California
	 	 	 
	 	By:	/s/ Jeff Welles	 
	 	Name:	Jeff Welles
	 	Title:	Trustee
	 	 	 
	 	Vulcan Pacific, LLC, a California limited liability company
	 	 	 
	 	By:	/s/ Jeff Welles	 
	 	Name:	Jeff Welles
	 	Title:	Managing Member

 

    24 

     

    

 

	 	USA Regrowth Fund, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name: 	Jay Hinrichs
	 	Title:	Owner
	 	 	 
	 	Novato Ventures, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs
	 	Title:	Owner
	 	 	 
	 	Besaid, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs
	 	Title:	Owner
	 	 	 
	 	Thrive SF Capital Group, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs
	 	Title:	Owner
	 	 	 
	 	JMZ Partners, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs
	 	Title:	Owner
	 	 	 
	 	Capital Concepts NW, LLC, an Alabama limited liability company
	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs
	 	Title:	Owner

 

 

    25 

     

    

 

 

	 	BP Fund, LLC, an Alabama limited liability company
	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs
	 	Title:	Owner

 

 

[End of Signature Pages of Seller]

 

 

    26 

     

    

 

[Signature Page for Buyer]

 

	 	REVEN HOUSING REIT, INC.,
	 	a Maryland corporation
	 	 	 
	 	 	 
	 	By:	/s/ Chad Carpenter	 
	 	 	Chad Carpenter
	 	 	Chief Executive Officer

 

    27 

     

    

 

LIST OF EXHIBITS AND SCHEDULES

 

	EXHIBITS	DESCRIPTIONS
	1. EXHIBIT A-1	LIST OF SELLER
	2. EXHIBIT A-2	DESCRIPTION OF THE PROPERTIES
	3. EXHIBIT B	LIST OF CONTRACTS
	4. EXHIBIT C	FORM OF DEED
	5. EXHIBIT D	FORM OF BILL OF SALE
	6. EXHIBIT E	FORM OF ASSIGNMENT OF LEASES AND CONTRACTS 
	7. EXHIBIT F	FORM OF FIRPTA AFFIDAVIT
	8. EXHIBIT G	[intentionally left blank]
	9. EXHIBIT H	FINANCIAL INFORMATION FOR 3-14 AUDIT
	 	 
	SCHEDULES	DESCRIPTIONS
	1. 6(a)(3)	PROPERTY INFORMATION
	2. 6(a)(5)	LIST OF LEASES

 

     

     

    

 

EXHIBIT
A-1

 

LIST
OF SELLER

 

 

 

1. Southeast
Equity Properties, LLC

2. JHB1 Properties, LLC

3. TWH of Alabama, LLC

4. Robert E Lee Living Trust

5. Vulcan Pacific, LLC

6. USA Regrowth Fund, LLC

7. Novato Ventures, LLC

8. Besaid, LLC

9. Thrive SF Capital Group, LLC

10. JMZ Partners, LLC

11. Capital Concepts NW, LLC

12. BP Fund, LLC

 

    
Exhibit A – Page 1

     

    

 

EXHIBIT
A-2

 

DESCRIPTION
OF THE PROPERTies

 

    
2

     

    

 

EXHIBIT
B

 

LIST
OF CONTRACTS

 

		1.	

 

    
Exhibit B – Page 1

     

    

 

EXHIBIT
C

 

FORM
OF DEED

 

	
        Upon recording return this instrument to:

         

        _________________

        _________________

        _________________

        _________________

         
	
        This instrument was prepared by:

         

        __________________ 

        __________________

        __________________

        __________________

         

 

	
        Mail tax notice to:

         

        _________________

        _________________

        _________________

        _________________

         

         
	 

 

 

STATE OF ALABAMA)

COUNTY OF __________)

 

STATUTORY WARRANTY DEED

 

 

KNOW ALL MEN BY
THESE PRESENTS that, for and in consideration of ______________________ and No/100 Dollars ($__________) in hand paid by ____________________
(hereinafter referred to as "Grantee"), to the undersigned, ____________________ (hereinafter referred
to as "Grantor"), the receipt of which is hereby acknowledged, Grantor does by these presents grant, bargain,
sell, and convey unto Grantee the following described land (the "Property") subject to the conditions and limitations
contained herein, situated in ____________ County, Alabama, said Property being more particularly described on EXHIBIT A
attached hereto and made a part hereof.

 

The Property is conveyed subject to the
following (collectively, the "Permitted Encumbrances"):

 

		1.	Real estate ad valorem taxes due and payable _____________,
2017, and subsequent years and any other taxes, charges, or assessments of the levying jurisdictions.

 

		2.	Any applicable zoning ordinances and subdivision regulations, or other ordinances, laws, and regulations.

 

    Statutory Warranty Deed – Page 1

     

    

 

		3.	All easements, restrictions, reservations, rights-of-way and other matters of public record affecting
any portion of the Property.

 

		4.	All of those matters described in EXHIBIT B attached hereto and made a part hereof.

 

As a condition of the
conveyance hereunder, Grantee acknowledges that the physical and environmental condition of the Property conveyed hereunder has
been inspected by Grantee or its duly authorized agent and that the Property is purchased by Grantee as a result of such inspection
and not upon any agreement, representation, or warranty made by Grantor. Grantee accepts the physical and environmental condition
of the Property "AS IS, WHERE IS, WITH ALL FAULTS" and hereby releases Grantor from any liability of any nature
arising from or in connection with the physical or environmental condition of the Property. This condition shall constitute a covenant
running with the land as against Grantee and all successors in title.

 

TO HAVE AND TO HOLD
unto Grantee and to Grantee's successors and assigns, forever.

 

And Grantor does for
itself and for its successors and assigns, covenant with Grantee, Grantee's successors and assigns, that it is seized and possessed
of said land and has the right to convey it, and it warrants the title against all persons claiming by, through or under the Grantor
(but not otherwise) and that the Property is free and clear of all encumbrances except for the Permitted Encumbrances and encumbrances
not done or suffered by Grantor, against which Grantor shall not defend.

 

[Remainder of Page Left Intentionally
Blank]

 

    Statutory Warranty Deed – Page 2

     

    

 

IN WITNESS
WHEREOF, Grantor has caused these presents to be executed in its name and behalf and its seal to be hereunto affixed and attested
by its duly authorized officers or representatives on this, the ____ day of _____________, 201__.

 

 

	 	GRANTOR:	 
	 	 	 
	 	 	 
	 	 	 

 

	 	By:	 
	 	Name: 	 
	 	Title:	

 

 

 

STATE OF ALABAMA)

COUNTY OF ________________)

 

I, ___________________________,
a Notary Public in and for said County, in said State, hereby certify that ______________, whose name as ______________ of _______________________,
is signed to the foregoing instrument, and who is known to me, acknowledged before me on this day that being informed of the contents
of said instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of said corporation.

 

Given under
my hand and seal of office this, the ____ day of ____________, 201__.

 

	 	 	 
	 	Notary Public	 

	[SEAL]	My Commission Expires:	 

 

    Statutory Warranty Deed – Signature Page

     

    

 

Exhibit A

to Statutory Warranty Deed

 

Legal Description

 

    Statutory Warranty Deed – Exhibit A - Page 1

     

    

 

Exhibit B

to Statutory Warranty Deed

 

Additional Permitted Encumbrances

 

     

     

    

 

EXHIBIT
D

 

FORM OF BILL OF SALE

 

____________________________,
a(n) _________________ (“Seller”), for good and valuable considerations, receipt and sufficiency of which
are hereby acknowledged, does hereby quitclaim, sell, assign, transfer and set over to _________________, a ____________ (“Buyer”),
all of its right, title and interest, if any, in and to any Personal Property located on and used in connection with the Property.
Seller warrants that it owns such Personal Property free and clear of liens and encumbrances of any persons claiming by, through
or under Seller.

 

Capitalized terms used
herein shall have the meanings given to them in that certain Single Family Homes Real Estate Purchase and Sale Agreement, dated
as of _____, 2017, between Seller and Buyer.

 

IN WITNESS WHEREOF,
Seller has caused this bill of sale to be signed and sealed in his name by its officer thereunto duly authorized this ____ day
of _________, 20__.

 

SELLER:

 

_____________, a(n)
_________ limited liability company

 

	 	SELLER:	 	 
	 	 	 	 
	 	_____________, a(n) _________ limited liability company

	 	 	 	 
	 	By:	 	 
	 	Name: 	 	 
	 	Title:	 	 

  

    
Exhibit D – Page 1

     

    

 

EXHIBIT
E

 

FORM OF ASSIGNMENT OF LEASES AND CONTRACTS

 

THIS ASSIGNMENT OF
LEASES AND CONTRACTS AND CONTRACTS (this “Assignment”) is entered into as of the ____ of _______, 2017
(the “Effective Date”), between ______________, a(n) ___________ (“Assignor”)
and ________________, a(n) __________ (“Assignee”).

 

RECITALS

 

Assignor has conveyed
to Assignee that certain parcel of real property and improvements located at ________ pursuant to that certain Single Family Homes
Real Estate Purchase and Sale Agreement, dated as of _________ ___, 2017 (the “Agreement”) by and between
Assignor, as Seller, and Assignee, as Buyer. Capitalized terms not otherwise defined herein shall have the meaning given to them
in the Agreement.

 

Assignor now desires
to assign and transfer to Assignee all of Assignor’s right, title and interest in, to and under the Leases and the Contracts.

 

1.       Property.
The “Property” means the real property located in _________, legally described in Exhibit A attached
to this Assignment, together with the building, structures and other improvements located thereon.

 

2.       Leases.
The “Leases” means those leases and occupancy agreements affecting the Property which are described in
Exhibit B attached to this Assignment.

 

3.       Contracts.
“Assumed Contracts” means those agreements (including any service, maintenance, or repair contracts)
that are listed on Exhibit C attached to this Assignment that will survive the Closing.

 

4.       Assignment.
For good and valuable consideration received by Assignor, the receipt and sufficiency of which are hereby acknowledged, Assignor
hereby grants, transfers and assigns to Assignee the entire right, title and interest of Assignor in and to the Leases and the
Contracts.

 

5.       Assumption.
Assignee hereby assumes and agrees to perform the obligations of Assignor under the Leases and Contracts which accrue and are attributable
to the period from and after the Effective Date. Additionally, Assignee agrees to pay all monetary obligations when due under the
Contracts arising before the Effective Date to the extent Assignee received a credit on the settlement statement in connection
with its purchase of the Property.

 

6.       Successors
and Assigns. This Assignment shall be binding upon and inure to the benefit of Assignor and Assignee and their respective successors
and assigns.

 

7.       Counterparts.
This Assignment may be executed in any number of identical counterparts, any or all of which may contain the signatures of fewer
than all of the parties but all of which shall be taken together as a single instrument.

 

    
Exhibit E – Page 1

     

    

 

8.       Governing
Law. This Assignment shall be governed and interpreted in accordance with the laws of __________________.

 

IN WITNESS WHEREOF,
Assignor and Assignee have caused this Assignment of Leases and Contracts to be executed as of this ______ day of ________________,
20___.

 

	 	ASSIGNOR
	 	 	 
	 	__________, a(n)_________

 

	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Its:	 	 

 

 

	 	ASSIGNEE
	 	 	 
	 	 	 

 

	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Its:	 	 

 

    
Exhibit E – Page 2

     

    

 

EXHIBIT
F

 

FORM
OF FIRPTA AFFIDAVIT

 

Section 1445 of the
Internal Revenue Code, as amended, provides that a transferee of a United States real property interest must withhold tax if the
transferor is a foreign person. To inform the Transferee (hereinafter defined) that withholding of tax is not required upon the
disposition of a United States real property interest by ______________, a(n) ________ (the “Transferor”)
to ___________________, a(n) _______ (the “Transferee”) relating to the real property described on Schedule A
hereto (the “Transferred Interests”), the undersigned, being first duly sworn upon oath, does hereby
depose and say, and does hereby on behalf of the Transferor represent that the following is true as of the date hereof:

 

1.       __________________
is the______________________ of the Transferor, and is familiar with the affairs and business of the Transferor;

 

2.       The
Transferor is not a foreign person; that is, the Transferor is not a nonresident alien, a foreign corporation, foreign partnership,
foreign trust or foreign estate (as all such terms are defined in the Internal Revenue Code of 1986, as amended, and United States
Treasury Department Income Tax Regulations in effect as of the date hereof);

 

3.       The
Transferor is a ______________ duly organized, validly existing and in good standing under the laws of the State of _________;

 

4.       The
Transferor’s United States employer identification number is ______________; and

 

5.       The
Transferor’s office address and principal place of business is c/o __________________________.

 

6.       Transferor
is not a disregarded entity as defined in §1.1445-2(b)(2)(iii);

 

The undersigned and
the Transferor understand that this affidavit and certification may be disclosed to the United States Internal Revenue Service
by the Transferee and that any false statement contained herein could be punished by fine, imprisonment, or both.

 

All terms (whether
capitalized or not) used but not defined herein shall have the same respective meanings as in the Internal Revenue Code of 1986,
as amended, and the United States Treasury Department Income Tax Regulations in effect as of the date hereof.

 

Under penalties of
perjury, we declare that we have examined this affidavit and certificate, and to the best of our knowledge and belief, it is true,
correct and complete. We further declare that we have authority to sign this affidavit and certificate on behalf of the Transferor.

 

    
Exhibit
                                                                                                                 F – Page 1

     

    

 

IN WITNESS WHEREOF,
Transferor has executed and delivered this FIRPTA Affidavit as of _____, 20___.

 

	 	 	 
	 	__________, a(n)_________

 

	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Its:	 	 

  

    
Exhibit F –Page 2

     

    

 

Exhibit G

 

[intentionally left blank]

  

 

    
Exhibit G

     

    

 

Exhibit H

 

	 	FINANCIAL INFORMATION FOR 3-14 AUDIT
	1	Monthly operating statements, YTD & prior full fiscal year 
	2	Property tax bills and Assessment, current and prior year with proof of payment (including special assessments or districts and appeals) 
	3	Insurance bills, current and prior year with proof of payment
	 4	Utility bills for any master-metered utility expenses and any resident unit utilities paid by the Property, monthly YTD and past calendar year
	5	General Ledger, prior year, and YTD (in Excel format)
	6	Trial Balance, prior year, and YTD (in Excel format)
	7	Bank Statements and Reconciliations, prior year, and YTD (monthly)
	8	Cash Disbursement Journal, prior year, and YTD
	9	Check Register, prior year, and YTD
	10	Accounts Payable Aging Detail, prior year, and YTD
	11	Tenant Ledger for the property, prior year and YTD
	12	Aged Delinquency Report (showing total rent outstanding) with status of any files placed for eviction or collection
	13	Rent and expense selections, prior year, and YTD (25 respective selections to be made by Buyer’s independent REIT 3-14 auditors based upon items received above)
	14	Property management contracts and support for payments under the contract for prior year, and YTD.
	15	Other applicable long-term contracts and payments under such contracts for prior year, and YTD.
	16	Current leases for all tenants with all available tenant correspondence files (including amendments/letters/agreements/default notices given or received)
	17	Copies of back-up for rents received prior year and YTD (25 selections to be made by Buyer’s independent RIET 3-14 auditors)
	18	List of leases under negotiation or currently out for signature
	19	Pending litigation information, if applicable

 

    
Exhibit H

     

    

 

SCHEDULE 6(a)(3)

PROPERTY INFORMATION

 

[SUBJECT TO FURTHER REVIEW AND DEAL-SPECIFIC
DOCUMENTATION]

 

		1.	Copies of all Contracts listed in Exhibit B to this Agreement.

 

		2.	Leases and rental applications for each property that comprises the Property. A copy of Seller’s
rent rolls for the calendar month in which the Closing occurs and the eleven calendar months preceding the month in which the Closing
occurs.

 

		3.	To the extent available, copies of all certificates of occupancy and other licenses and permits.

 

		4.	To the extent available, copies of all environmental, engineering, geo-technical reports.

 

		5.	To the extent available, insurance loss histories for preceding three calendar years.

 

		6.	Copies of three most recent real estate tax bills.

 

		7.	To the extent available, a copy of the most recent surveys for the properties that comprise the
Property.

 

		8.	All audited and unaudited internal operating income and expense statements prepared by Seller shown
on an excel spreadsheet on a house by house basis for the twelve months preceding the Effective Date.

 

		9.	Schedule of tangible personal property.

 

		10.	Detailed reports, including but not limited to aging summary, prepaid rents, refundable security
deposits, misc. income.

 

		11.	Copies of utility bills for the past three months.

 

		12.	Summary of pending litigation and claims.

 

		13.	A schedule of all items of repair and maintenance performed by, or at the direction of, Seller
during the 12-month period preceding the Closing. Copies of tenant maintenance and service request logs for the past three months,
including move-in punch-list items, confirmation all punch-list items were completed and paid for.

 

		14.	

 

		15.	Any proposed capital improvement budgets and pending proposals or executed contracts for repairs
and maintenance.

 

     

     

    

 

SCHEDULE 6(a)(5)

 

[LIST OF LEASES]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]