Document:

Exhibit 10.1

 

DIRECTOR AGREEMENT

 

This DIRECTOR AGREEMENT is made as of November
13, 2013 (the “Agreement”), by and between Navidea Biopharmaceuticals, Inc., a Delaware corporation (the “Company”),
and Michael M. Goldberg, M.D., an individual with an address of c/o Montaur Capital Partners, 152 West 57th Street, 4th floor c/o
Platinum, New York, New York 10019 (the “Director”).

 

WHEREAS,
the Company wishes to appoint the Director to its Board of Directors, and desires to enter into an agreement with the Director
with respect to such appointment; and

 

WHEREAS,
the Director is willing to accept such appointment and to serve the Company on the terms set forth herein and in accordance with
the provisions of this Agreement.

 

NOW, THEREFORE,
in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 

1               Position.
Subject to the terms and provisions of this Agreement, the Company shall cause the Director to be appointed a Director of the Company
in the class of directors up for election at the 2014 Annual Meeting of Stockholders (the “2014 Annual Meeting”)
immediately upon the execution of this Agreement, and the Director hereby agrees to serve the Company in such position, upon the
terms and conditions hereinafter set forth, and in accordance with the duties imposed by Delaware law, the Company’s Amended
and Restated Certificate of Incorporation, the Company’s Amended and Restated By-Laws (the “Bylaws”) and
applicable stock exchange regulations provided, however, that the Director’s continued service on the Board of Directors
of the Company (the “Board”) after the 2014 Annual Meeting shall be subject to approval by the Company’s
stockholders, provided, further, that the Company agrees to nominate the Director for election at the 2014 Annual Meeting
and recommend, support and solicit proxies for the election of the Director at the 2014 Annual Meeting in the same manner as for
the Company’s other Director nominees standing for election to the Board of Directors at the 2014 Annual Meeting.

 

2               Duties.

 

(a)           During
the Directorship Term (as defined herein), the Director shall make reasonable business efforts to attend all Board meetings, serve
on appropriate committees as reasonably requested by the Board, make himself available to the Company at mutually convenient times
and places, attend external meetings and presentations, as appropriate and convenient, and perform such duties, services and responsibilities,
and have the authority commensurate to such position.

 

(b)           The
Director will use his reasonable best efforts to promote the interests of the Company and devote such time to the Company’s
affairs as required to appropriately discharge his duties and legal obligations as a Director. Other than as set forth above, the
Director will not, without the prior notification to the Board, engage in any other business activity which could materially interfere
with the performance of his duties, services and responsibilities hereunder or which is in violation of the reasonable policies
established from time to time by the Company. At such time as the Board receives such notification, the Board may require the resignation
of the Director if it determines that such business activity does in fact materially interfere with the performance of the Director’s
duties, services and responsibilities hereunder.

 

3               Compensation.

 

(a)           The
Company agrees to pay Director a fee of $25,000 as an annual retainer, plus $2,500 for each meeting of the Board of Directors
attended in person, and $500 for each meeting in which the Director participates by telephone. Additionally, Director will receive
a restricted stock award under the Company’s Fourth Amended and Restated 2002 Stock Incentive Plan of 12,250 shares of common
stock, vesting on the first anniversary of the date of grant. The Company and the Director acknowledge that under the Bylaws of
the Company, the Board of Directors shall have authority to fix the compensation of directors.

 

(b)           During
the Directorship Term, the Company shall reimburse the Director for all reasonable out-of-pocket expenses incurred by the Director
in attending any in-person meetings, provided that the Director complies with the generally applicable policies, practices and
procedures of the Company for submission of expense reports, receipts or similar documentation of such expenses. Any reimbursements
for allocated expenses (as compared to out-of-pocket expenses of the Director) must be approved in advance by the Company.

 

    	 

    	 

    

 

(c)           The
Company will maintain a customary director and officer liability insurance policy for all Board members and such policy will cover
Director to the same extent as other directors and officers covered under the policy.

 

(d)           The
Director’s status during the Directorship Term shall be that of an independent contractor and not, for any purpose, that
of an employee or agent with authority to bind the Company in any respect. All payments and other consideration made or provided
to the Director under this Section 3 shall be made or provided without withholding or deduction of any kind, and the Director shall
assume sole responsibility for discharging all tax or other obligations associated therewith.

 

4               Directorship
Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the date hereof and
terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur:

 

(a)           the
death of the Director;

 

(b)           the
termination of the Director from his membership on the Board by the mutual written agreement of the Company and the Director;

 

(c)           the
removal of the Director from the Board in accordance with the Bylaws and Delaware law; and

 

(d)           the
resignation by the Director from the Board.

 

5               Director’s
Representations and Acknowledgment.

 

(a)           The
Director acknowledges and agrees that his position as member of the Board will result in him being deemed to be an “affiliate”
of the Company for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and
the regulations promulgated thereunder (collectively, the “Securities Laws”).

 

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(b)           The
Director acknowledges and agrees that for as long as he is a member of the Board of Directors he will not, directly or indirectly,
have any power to direct or cause the direction of voting or disposition of any securities of the Company directly or beneficially
owned by Platinum-Montaur Life Sciences LLC, Platinum Partners Value Arbitrage Fund L.P., Platinum Management (NY) LLC or Mark
Nordlicht, and any other persons or entities controlling, controlled by, or under common control with them (collectively, “Montaur”).
Further, the Director agrees that he will adhere to the policies and/or procedures adopted by Montaur with respect to the isolation
of the Director and material non-public information of the Company obtained by Director from persons involved in trading or investment
activities of Montaur, including without limitation policies adopted to comply with the requirements of Section 204A of the Investment
Advisers Act of 1940, and regulations promulgated thereunder.

 

(c)           The
Director represents to the Company that his execution and performance of this Agreement shall not be in violation of any agreement
or obligation (whether or not written) that he may have with or to any person or entity, including without limitation, any prior
or current employer. The Director hereby acknowledges and agrees that this Agreement (and any other agreement or obligation referred
to herein) shall be an obligation solely of the Company, and the Director shall have no recourse whatsoever against any officer,
director, employee, stockholder, representative or agent of the Company or any of their respective affiliates with regard to this
Agreement.

 

6               Company’s
Representations and Acknowledgment.

 

(a)           The
Company acknowledges and agrees that, subject to compliance by Director and Montaur with the provisions of Section 5(b), as long
as the Director is a member of the Board of Directors none of Platinum-Montaur Life Sciences LLC, Platinum Partners Value Arbitrage
Fund L.P., Platinum Management (NY) LLC or Mark Nordlicht, and any other persons or entities controlling, controlled by, or under
common control with them, shall be characterized in any filing made by the Company with the United States Securities and Exchange
Commission as an “affiliate” of the Company for purposes of the Securities Laws solely by virtue of the Director’s
position as a member of the Board of Directors.

 

(b)           The
Company acknowledges and agrees that all of the benefits and terms granted by Company herein are at least as favorable as the benefits
and terms granted by the Company in any written agreement with any current Director.

 

7               Director
Covenants.

 

(a)           Unauthorized
Disclosure. The Director agrees and understands that in the Director’s position with the Company, the Director has been
and will be exposed to and receive information relating to the confidential affairs of the Company, including, but not limited
to, technical information, business and marketing plans, strategies, customer information, other information concerning the Company’s
products, services, promotions, development, financing, expansion plans, business policies and practices, and other forms of information
considered by the Company to be confidential, and proprietary and in the nature of trade secrets. The Director agrees that during
the Directorship Term and thereafter, subject to his fiduciary duties, the Director will keep such information confidential and
will not disclose such information, either directly or indirectly, to any third person or entity without the prior written consent
of the Company; provided, however, that (i) the Director shall have no such obligation to the extent such information (A) is or
becomes publicly known or generally known in the Company’s industry other than as a result of the Director’s breach
of his obligations hereunder, (B) is lawfully obtained from a source other than the Company that was not under, and did not impose,
an obligation of confidentiality with respect to such information; (C) is independently developed by Director or his Affiliates
without violating any of his obligations under this Agreement; and (D) is or becomes known by the Director other than through disclosure
by the Company in the course of the Directorship Term; and (ii) the Director may, after giving prior notice to the Company to the
extent practicable under the circumstances, disclose such information to the extent required by applicable laws or governmental
regulations or judicial or regulatory process. This confidentiality covenant has no geographical or territorial restriction. Upon
termination of the Directorship Term, the Director will promptly destroy all property, keys, notes, memoranda, writings, lists,
files, reports, customer lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data, other product
or document, and any summary or compilation of the foregoing, in whatever form, including, without limitation, in electronic form,
which has been produced by, received by or otherwise submitted to the Director in the course or otherwise as a result of the Director’s
position with the Company during or prior to the Directorship Term, provided that the Company shall retain such materials and make
them available to the Director if requested by him in connection with any litigation against the Director under circumstances in
which (i) the Director demonstrates to the reasonable satisfaction of the Company that the materials are necessary to his defense
in the litigation and (ii) the confidentiality of the materials is preserved to the reasonable satisfaction of the Company.

 

(b)           Company
Policies. Director acknowledges that he has received and reviewed a copy of the Company’s Code of Conduct, and its Ethics
and Securities Trading Policy for Officers, Directors and Key Employees (the “Policies”), and understands and
agrees that he will strictly comply with all the requirements of the Policies during the Directorship Term and so for so long thereafter
as specifically required by the Policies.

 

(c)           Non-Solicitation.
During the Directorship Term and for a period of two (2) years thereafter, the Director shall not interfere with the Company’s
relationship with, or endeavor to entice away from the Company, any person who, on the date of the termination of the Directorship
Term and/or at any time during the one year period prior to the termination of the Directorship Term, was an employee or customer
(including those reasonably expected to be a customer) of the Company or otherwise had a material business relationship with the
Company.

 

(d)           Remedies.
The Director agrees that any breach of the terms of this Section 7 could result in irreparable injury and damage to the Company
for which the Company could have no adequate remedy at law. The Director therefore also agrees that in the event of said breach
or any threat of breach, the Company shall be entitled to seek an immediate injunction and restraining order to prevent such breach
and/or threatened breach and/or continued breach by the Director and/or any and all of his affiliates, without having to prove
damages or paying a bond, in addition to any other remedies to which the Company may be entitled at law or in equity. The terms
of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach
hereof, including, but not limited to, the recovery of damages from the Director. The Director acknowledges that the Company would
not have entered into this Agreement had the Director not agreed to the provisions of this Section 7.

 

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(e)           Survival.
The provisions of this Section 7 shall survive any termination of the Directorship Term, and the existence of any claim or cause
of action by the Director against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense
to the enforcement by the Company of the covenants and agreements of this Section 7.

 

8               Company
Covenants. The Company agrees that as long as the Director is a member of the Board of Directors, should the Company enter
into any subsequent agreement with any current or future Director affiliated with a hedge fund or private equity fund owning securities
of the Company that provides for benefits or terms more favorable than those contained in this Agreement, then this Agreement shall
be deemed to be modified to provide the Director with those more favorable benefits and terms.

 

9               Non-Waiver
of Rights. The failure to enforce at any time the provisions of this Agreement or to require at any time performance by the
other party hereto of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect
either the validity of this Agreement or any part hereof, or the right of either party hereto to enforce each and every provision
in accordance with its terms. No waiver by either party hereto of any breach by the other party hereto of any provision of this
Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions at that time or at any
prior or subsequent time.

 

10              Notices.
Every notice relating to this Agreement shall be in writing and shall be given by personal delivery, overnight delivery or by registered
or certified mail, postage prepaid, return receipt requested; to:

 

If to the Company:

 

Navidea Biopharmaceuticals, Inc.

425 Metro Place North

Suite 450

Dublin, OH 43017-1367

Attn: Brent L. Larson, Executive Vice President and
Chief Financial Officer

Telephone: (614) 793-7500

Facsimile: (614) 793-7522

 

with a copy (which shall not constitute notice) to:

 

Porter, Wright, Morris & Arthur LLP

41. South High Street, Suites 2800-3200

Columbus, Ohio 43215

Attn: William J. Kelly, Esq.

Telephone: (614) 227-2136

Facsimile: (614) 395-4401

 

If to the Director:

 

Michael M. Goldberg, M.D.

c/o Montaur Capital Partners

152 West 57th Street

4th floor c/o Platinum

New York, New York 10019

Telephone: (914) 572 8953

Email: mgoldberg@montaurcap.com

 

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with a copy (which shall not constitute notice) to:

 

Platinum Management (NY) LLC

152 West 57th Street

4th Floor

New York, New York 10019

Attn: David Ottensoser, General Counsel

Telephone: (212) 582-2222

Facsimile: (212) 582 2424

 

and

 

Kleinberg, Kaplan, Wolff & Cohen, P.C.

551 Fifth Avenue, 18th Floor

New York, New York 10176

Attn: Christopher P. Davis

212-986-6000 Phone

212-986-8866 Fax

 

Either of the parties hereto may change their address for purposes
of notice hereunder by giving notice in writing to such other party pursuant to this Section 10.

 

11              Binding
Effect/Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective
heirs, executors, personal representatives, estates, successors (including, without limitation, by way of merger) and assigns,
as applicable. Notwithstanding the provisions of the immediately preceding sentence, neither the Director nor the Company shall
assign all or any portion of this Agreement without the prior written consent of the other party.

 

12              Entire
Agreement. This Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements, written or oral, between them as to such subject matter.

 

13              Severability.
If any provision of this Agreement, or any application thereof to any circumstances, is invalid, in whole or in part, such provision
or application shall to that extent be severable and shall not affect other provisions or applications of this Agreement.

 

14              Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without reference
to the principles of conflict of laws. All actions and proceedings arising out of or relating to this Agreement shall be heard
and determined in the Court of Chancery of the State of Delaware and the parties hereto hereby consent to the jurisdiction of such
courts in any such action or proceeding; provided, however, that neither party hereto shall commence any such action or proceeding
unless prior thereto the parties have in good faith attempted to resolve the claim, dispute or cause of action which is the subject
of such action or proceeding through mediation by an independent third party.

 

15              Modifications.
Neither this Agreement nor any provision hereof may be modified, altered, amended or waived except by an instrument in writing
duly signed by the party to be charged.

 

16              Tense
and Headings. Whenever any words used herein are in the singular form, they shall be construed as though they were also used
in the plural form in all cases where they would so apply. The headings contained herein are solely for the purposes of reference,
are not part of this Agreement and shall not in any way affect the meaning or interpretation of this Agreement.

 

17              Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together
shall constitute one and the same instrument.

 

IN WITNESS
WHEREOF, the Company has caused this Director Agreement to be executed by authority of its Board of Directors, and the Director
has hereunto set his hand, on the day and year first above written.

 

[signatures on following page]

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NAVIDEA BIOPHARMACEUTICALS, INC.

 

	By:	/s/ Mark J. Pykett	 
	 	Mark J. Pykett, V.M.D., Ph.D., 
	 	Chief Executive Officer

 

 

 

DIRECTOR

 

	/s/ Michael M. Goldberg, M.D.	 
	Michael M. Goldberg, M.D.

 

 

 

 

 

 

 

 

    	6EXHIBIT 10.1

 

SINGLE FAMILY HOMES

REAL ESTATE PURCHASE AND SALE AGREEMENT

 

by and among

 

DOMINION ATLANTA PROPERTIES FUND I, LP,

a Delaware limited partnership

 

and

 

DP ATLANTA FUND, LLC,

a Delaware limited liability company

 

and

STONE TOWER INVESTMENTS, LLC,

a Georgia limited liability company

 

and

FULL COURT PRESS, LLC,

a Delaware limited liability company

 

and

RMN INVESTMENT HOLDINGS, LLC,

a Delaware limited liability company

 

and

DP ATLANTA, LLC,

a Maryland limited liability company

 

and

DPH ATLANTA, LLC,

a Delaware limited liability company

 

collectively, as Seller

 

and

 

REVEN HOUSING GEORGIA, LLC

a Delaware limited liability company,

as Buyer

 

November 15, 2013

 

    	

    	 

    

 

 

THIS SINGLE FAMILY
HOMES PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into as of November 15, 2013
(“Effective Date”), by and among DOMINION ATLANTA PROPERTIES FUND I, LP, a Delaware limited partnership, DP
ATLANTA FUND, LLC, a Delaware limited liability company, STONE TOWER INVESTMENTS, LLC, a Georgia limited liability company, FULL
COURT PRESS, LLC, a Delaware limited liability company, RMN INVESTMENT HOLDINGS, LLC, a Delaware limited liability company, DP
ATLANTA, LLC, a Maryland limited liability company, and DPH ATLANTA, LLC, a Delaware limited liability company (collectively, “Seller”)
and, REVEN HOUSING GEORGIA, LLC a Delaware limited liability company (together with any designee identified or appointed by REVENT
HOUSING GEORGIA, LLC, “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: Thirteen Million Forty Thousand Two Hundred Forty Eight and 00/100 Dollars
($13,040,248) subject to adjustment in accordance with the provisions of this Agreement.

 

Deposit:
One Hundred Thirty Thousand Four Hundred Two and 48/100 Dollars ($130,402.48).

 

Closing Date:
On or before December 31, 2013, subject to the potential for a bifurcated closing arising under Section 5(c) below. Buyer’s
closing on or before the Closing Date as to the Property identified on Exhibit A-1 is a material inducement to Seller’s entering
into this Agreement. Notwithstanding anything to the contrary, time is of the essence.

 

Due Diligence Period:
Subject to the provisions of Section 7 below, the period commencing on the
Effective Date and ending 6:00 PM Pacific Time on December 16, 2013, during which period Buyer will be provided the opportunity
to review all aspects of the Property. 

 

Purchase Price Holdback:
Five (5) percent of the Purchase Price, i.e., Six Hundred Fifty Two Thousand Twelve and 40/100 Dollars ($652,012.40) shall be withheld
by the Escrow Holder for ninety (90) days after the Closing Date, during which time Buyer may conduct the inspections contemplated
in Section 7(d) below. 

 

Escrow Holder:
Fidelity National Title Insurance Company.

 

Title Company:
Fidelity National Title Insurance Company.

 

Seller’s Broker: None.

 

Buyer’s Broker: None.

 

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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, 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 One Hundred Seventy Three (173)
single family homes, in the State of Georgia, which are identified and generally described on Exhibit A-1 and 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”).

 

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, but
excluding any equipment, appliances, or furnishings owned by the applicable tenant.

 

(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, as well as and 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”).

 

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4.                 
Transfer of Title.

 

(a)               
Title to the Property shall be conveyed to Buyer by a special 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; Deferred Closing(a)               
.

 

(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 reduction in accordance with Section 7(d) and
payable by Buyer to Seller as follows:

 

(1)              
Within five (5) business days after the execution of this Agreement, 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 in the amount of the Deposit with respect to the Property identified on Exhibit A-1. No further deposit
will be placed into Escrow.

 

(2)              
The Purchase Price, less a credit for the Deposit, and less the Purchase Price Holdback, 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.

 

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(b)              
Property Valuation. Buyer may elect to retain an independent, third-party valuation consultant to prepare a valuation
report (“Valuation Report”) for each of the properties that comprise the Property. If the sum of the
values of the properties that comprise the Property (“Total Valuation”) is less than the Purchase Price,
then Seller and Buyer will negotiate in good faith to adjust the Purchase Price to reflect the Total Valuation. If Seller and Buyer
are unable to agree on a Purchase Price after receiving the Total Valuation, then Buyer may, at any time, terminate this Agreement
and receive a refund of the Deposit, even if such termination occurs after the expiration of the Due Diligence period.

 

(c)               
Deferred Closing. Buyer will cause the Closing to occur with respect to the Property identified on Exhibit A-1
on the Closing Date. The consideration required to close with respect to those Properties will be equal to the sum of the values
of the properties set forth on Exhibit A-1 (less the value of any Excluded Properties) and Buyer will close with respect
to those properties on the scheduled Closing Date, time being of the essence.

 

6.                 
Representations, Warranties and Covenants.

 

(a)               
Seller’s Representations and Warranties. Subject to the limitation period contemplated in Section 9 below,
and as a material inducement to Buyer to execute this Agreement and consummate this transaction, Seller represents and warrants
to Buyer that as of the Effective Date and the Closing Date:

 

(1)              
Organization and Authority. Each entity comprising Seller has been duly organized and is validly existing as a limited
liability company or, in the case of Dominion Atlanta Properties Fund I, LP, a limited partnership, organized in the state specified
in the initial paragraph of this Agreement 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.

 

(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, except for certain Real Estate Lien Notes and related loan documents, secured by Security Deed and
Security Agreements encumbering each Property identified on Exhibit A-2, which contain prepayment penalties, due on sale clauses,
and other provisions that may conflict with or limit or restrict Seller’s performance hereunder; provided that all such loan
documents will be terminated with respect to the properties being acquired by the Closing Date for such properties.

 

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(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 set forth in, and subject to the limitations
of, Schedule 6(a)(3) attached hereto (all of the foregoing collectively the “Property Information”),
to the extent 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, tenants, 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-1 and
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 (which shall not be unreasonably
withheld or delayed), 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. Any Lease that Seller submits to Buyer and is not
rejected within five (5) days of transmission to Buyer shall be deemed approved, provided such Lease contains no right of first
refusal or option, has a term of not less than one year, contains no free rent provision, and is not cancellable by tenant absent
a default by Landlord.

 

(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.

 

    	6

    	 

    

 

 

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

 

(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.

 

(13)          
Tenants. Each tenant is occupying its respective home and is current in the payment of rent, and no default currently
exists and, except as disclosed in writing to Seller, no condition exists, which, with the passage of time, would become a default
under any of the Leases.

 

For purposes of this
Section 6(a), the term “Seller’s Knowledge” means the actual knowledge of Jack BeVier,
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 Delaware
limited liability company. 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.

 

    	7

    	 

    

 

 

(c)               
Covenants of Seller. Seller covenants and agrees that during the period from the date of this Agreement through and
including the Closing Date:

 

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

 

(2)              
 Seller in the ordinary course of business performs all repairs that Seller is obligated to perform by applicable law or
by the applicable Lease, including move-in punch-list items. Any such repairs not completed prior to the close of escrow will be
addressed by Seller in accordance with the terms of the post-closing inspection provisions of Section 7(d) below. Any such repairs
shall be of the standard and quality customarily performed by Seller with respect to the homes that comprise the Property during
the period that Seller owned the Property.

 

(3)              
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.

 

(4)              
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.

 

(5)              
Seller will continue to operate and maintain the Property in accordance with past practices and will not make any material
alterations or changes thereto;

 

(6)              
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;

 

(7)              
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.

 

(8)              
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.

 

    	8

    	 

    

 

 

(9)              
Seller shall restore any unit that becomes vacant between the Effective Date and the Closing Date to “rent-ready”
condition in accordance with Seller’s customary practice and procedure for the Property. If any unit becomes vacant in the
five (5) days prior to the Closing Date, then Seller shall either make such unit rent-ready prior to the Closing Date, or shall
escrow for each such unit Three Thousand Five Hundred Dollars ($3,500.00). At Buyer’s request, Seller shall inspect each
of the vacant units prior to the Closing to determine if any of such units cannot be restored to “rent ready” condition
at a cost of Three Thousand Five Hundred and 00/100 Dollars ($3,500.00) or less, and Buyer and Seller hereby agree to adjust the
amount held in escrow for such purpose (either above or below Three Thousand Five Hundred and 00/100 Dollars ($3,500.00) per unit)
to an amount on which Buyer and Seller agree, acting reasonably, based on the cost to restore the vacant units to “rent ready”
condition. Thirty (30) days after the Closing Date, the parties shall cause the Escrow Holder to disburse the escrow allocable
to each such unit (i) to Seller provided Seller has restored said unit to rent-ready condition, and (ii) to Buyer to the extent
necessary to restore such unit to rent-ready condition if Seller has not completed such restoration, with the balance of the funds
escrowed for the applicable unit’s repairs to be disbursed to Seller. If the restoration work is performed by Buyer, then
the cost to restore the unit to “rent ready” condition will be determined by bids from contractors retained by Buyer
for the work required to put in rent ready condition. Upon request, Seller shall keep Buyer reasonably informed as to the status
of leasing prior to the Closing Date and shall deliver to Buyer copies of all new Leases.

 

(d)              
Representation and Warranties Prior to Closing. The continued validity in all material 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 Seller’s representations and warranties contained in Sections 6(a)(5) and 6(a)(13)
are not true and correct as of the Effective Date and the Closing Date, or if any of Seller’s other 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, upon receipt of joint written instructions directing the return of the Deposit to Buyer (which
neither party shall withhold in bad faith), return the Deposit to Buyer and Seller shall have no 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.

 

    	9

    	 

    

 

 

7.                 
Due Diligence Period.

 

(a)               
Buyer will have a period commencing on the Effective Date and ending at 6:00 PM Pacific Time on December 15, 2013 (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.

 

(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, upon written instruction
to Escrow (which neither party shall withhold in bad faith) 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 in accordance with the terms of this section 7(b). Escrow shall, upon
receipt of joint written instructions directing the return of the Deposit to Buyer (which neither party shall withhold in bad faith),
return Buyer’s Deposit immediately and Seller agrees to not cause Escrow to delay the return of the Deposit to Buyer in bad
faith. 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.

 

(c)               
Subject to the rights of tenants under the Leases, Seller will provide to Buyer reasonable access to the Property for the
purpose of 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 telephone or 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 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 as a result of any unfavorable analysis, test, study, opinion or recommendation
made to or for or reach by Buyer). If any 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 twenty four (24) hours prior telephonic 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.

 

    	10

    	 

    

 

 

(d)              
The Purchase Price Holdback shall be disposed of as follows:

 

(1)              
Buyer may retain at Buyer’s expense a contractor or home inspector to prepare a report or reports and deliver the
same to Seller no later than ninety (90) days after Closing, describing the physical condition of the Property and identifying
any necessary repairs or improvements necessary to bring the Property into compliance with the applicable local building code and/or
rent ready condition (“Third Party Inspection Report”). The person or entity preparing the Third Party Inspection Report
must be (i) a licensed contractor or otherwise qualified to perform such inspections in the jurisdiction where the Property is
located; (ii) qualified by experience to remodel and repair properties of the type comprising the Property; and (iii) may not be,
or have ever been, owned or controlled by Buyer or an affiliate of Buyer. Buyer will provide a copy of the Third Party Inspection
Report to Seller, when finalized.

 

(2)              
As to each parcel comprising the Property, if the sum of the reasonably estimated costs identified in the Third Party Inspection
Report for any three (3) or fewer repair items exceeds One Thousand and 00/100 Dollars ($1,000.00), then that sum shall be deducted
from the Purchase Price Holdback held in Escrow. In determining whether Seller is responsible for paying for any single repair
item over $1,000.00 under this Section, small items may not be aggregated in order to reach the $1,000.00 threshold. (For example,
if an electrical panel needs to be replaced at a cost of $1,200.00, Seller will bear the expense; if 20 electrical outlets need
to be replaced at an individual cost of $60.00 – total of $1,200.00 – Seller will not bear the expense.) Notwithstanding
the foregoing, in lieu the Purchase Price Holdback deduction discussed above, Seller may:

 

    	11

    	 

    

 

 

(i) within
fourteen (14) days of receipt of the Third Party Inspection Report, dispute the conclusions of such report, in which event, such
dispute shall be resolved as stated below, or

 

(ii) within
fourteen (14) days of receipt of the Third Party Inspection Report (or the Second Third Party Inspection Report, as the case may
be), elect by written notice to undertake repairs at the applicable property to the standard and quality customarily performed
by Seller with respect to the houses that comprise the Property during the period of Seller’s ownership, and shall provide
Buyer written notice upon the completion of such repairs, in which event:

 

(A) Seller
and Buyer shall cooperate at Seller’s expense to facilitate such repairs;

 

(B) Seller
shall commence repairs at some or all of such parcels no later than thirty (30) days after the receipt of such applicable report;

 

(C)Seller
shall complete such repairs not later than sixty (60) days of receipt of the applicable Third Party Inspection Report; and

 

(D) upon
the first to occur of (I) the completion by Seller of all such repairs undertaken by Seller, or (II) sixty (60) days after Seller’s
receipt of the applicable Inspection Report, the parties shall direct the Escrow Holder to pay: (I) to Buyer from the Purchase
Price Holdback the sum called for in subsection (d)(2) above, if any, and (II) the remaining balance of the Purchase Price Holdback,
if any, to Seller.

 

(3)              
Buyer shall be solely responsible for supervision of the contractor, and Seller shall not be liable for any additional costs
that may be incurred above the amounts specified in the Third Party Inspection Report.

 

(4)              
If Seller disagrees with the conclusions of the Third Party Inspection Report with respect to any parcel of the Property,
Seller shall so notify Buyer within fourteen (14) days after actual receipt by Seller of a complete copy of the Third Party Inspection
Report. In that event, Buyer and Seller shall negotiate in good faith to resolve Seller’s objections and come to agreement
with respect to all items for which Seller will be responsible in accordance with this Section 7(d). If Buyer and Seller cannot
reach agreement with respect to any parcel of the Property, then Buyer and Seller shall designate a mutually agreeable third party
home inspector or contractor to prepare a second Third Party Inspection Report to identify any necessary repairs and the cost to
make such repairs (the “Second Third Party Inspection Report”). The person or entity preparing the Second
Third Party Inspection Report must be (i) a licensed contractor or otherwise qualified to perform such inspections in the
jurisdiction where the Property is located, (ii) qualified by experience to remodel and repair properties of the type comprising
the Property, and (iii) may not be, or have ever been, owned or controlled by Buyer or Seller or an affiliate of Buyer or
Seller. The determination of the Second Third Party Inspection Report shall be binding on both parties, and Seller shall be responsible
for the sum of the reasonably estimated costs identified in the Third Party Inspection Report for any three (3) or fewer repair
items exceeding One Thousand and 00/100 Dollars ($1,000.00) in accordance with the terms of subsection (d)(2) above.

 

    	12

    	 

    

 

 

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.

 

    	13

    	 

    

 

 

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 specified in the Basic Terms section
of this Agreement (the “Closing Date”), time being of the essence, and accomplished by recording the Deed (as
defined in Section 14) in the Official Records of the particular County in which each of the individual properties that
constitute the Property is located (the “Official Records”), 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.

 

(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)               Seller
shall have terminated all property managing services provided to the Property under any property management agreement
which Buyer directs Seller in writing to terminate, effective as of December 31, 2013, at no cost, liability or expense to
Buyer.

 

    	14

    	 

    

 

 

(b)              
If any of the foregoing conditions are not fulfilled on or before the time for Closing hereunder, then 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

 

(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 Seller may elect, upon notice
to Buyer, to terminate this Agreement, in which event the parties shall issue joint written instructions to Escrow to return the
Deposit to Buyer (which neither party shall withhold in faith), 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 at Buyer’s
expense 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”).

 

(a)               
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 endorsements requested by Buyer.

 

    	15

    	 

    

 

 

(b)              
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.

 

(c)               
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.

 

(d)              
“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.

 

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.

 

    	16

    	 

    

 

 

(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.

 

(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), and Section 6(a)(13), 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.

 

    	17

    	 

    

 

 

(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.

 

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 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.

 

    	18

    	 

    

 

 

(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 obligation post closing not including any rents credited
to Buyer on the closing statement, (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 Provider
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.

 

(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.

 

    	19

    	 

    

 

 

(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 AT LAW OR IN EQUITY 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 parties shall issue joint written instructions to Escrow (which shall not be withheld
in bad faith) to return the Deposit to Buyer, after which point 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

 

(2)              
Assert and seek judgment against Seller for specific performance with respect to the Property. 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, provided that in no event shall such damages exceed One Hundred Thirty Thousand
Four Hundred Two and 48/100 Dollars ($130,402.48.)

 

    	20

    	 

    

 

 

19.             
Expenses.

 

(a)               
All recording fees respecting the Deed, title insurance premiums for the Title Policy, all state and county transfer taxes,
all brokerage fees and commissions, and one-half (1/2) of the fee charged by Escrow Holder, shall be borne and paid by Seller.

 

(b)              
One-half (1/2) of the fee charged by Escrow Holder shall be borne and paid by Buyer.

 

(c)               
All other costs, charges, and expenses shall be borne and paid as provided in this Agreement, or in the absence of such
provision, in accordance with custom where the properties in question are located.

 

20.             
Intermediaries(a)               
. (a) Buyer and Seller acknowledge and agree that Seller’s Broker (as defined in the Basic Terms) has acted as a broker
in connection with this transaction on behalf of Seller and Buyer’s Broker (as defined in the Basic Terms) has acted as a
broker in connection with this transaction on behalf of Buyer. Upon Closing, Seller agrees to pay a brokerage commission to Seller’s
Broker pursuant to a separate agreement between Seller and Seller’s Broker. Seller shall ensure that Seller’s Broker
pays Buyer’s Broker a fee equal to one-half of the brokerage fees paid under this Section 20(a). All brokerage fees
are to be paid through Escrow Holder at Closing as a Closing Cost.

 

(b)              
Seller represents to Buyer, and Buyer represents to Seller, that except for Seller’s Broker and Buyer’s Broker,
respectively, 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. Except as expressly set forth above, 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

 

    	21

    	 

    

 

 

(2)              
If Buyer elects to exclude certain properties from this transaction, and proceed to the Closing, then the Purchase Price
shall be reduced by the aggregate amount specified for such properties in the “Cost” column of Exhibit A-1 or A-2 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.

 

(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 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.

 

    	22

    	 

    

 

 

(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.

 

(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 Reven Housing REIT, Inc., any
affiliate of Reven Housing REIT, Inc., or any affiliated entity in which Buyer, or its executives or officers, have a financial
or management interest; 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 facsimile
transmission or electronic mail (so long as reasonable evidence that such notice was sent and received is obtained by the sending
party). The 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:

 

P.O. Box 1459

La Jolla,
CA 92038-1459

Phone: 858-459-4000

e-mail: cmc@revenhousingreit.com

e-mail: mps@revenhousingreit.com

Attention:
Chad Carpenter and Michael Soni

 

    	23

    	 

    

 

 

with a copy to:

 

Greenberg Traurig, LLP

1840 Century Park East

Suite 1900

Los Angeles, California
90067

Phone: (310) 586-6505

e-mail: treisterd@gtlaw.com

Attention: Dana S. Treister

 

with an additional copy
to:

 

Greenberg Traurig, LLP

1840 Century Park East

Suite 1900

Los Angeles, California
90067

Phone: (310) 586-7855

e-mail: presants@gtlaw.com

Attention: Sandy
Presant

 

 

 

IF TO SELLER:

 

The Dominion Group

1029 N. Calvert St.

Baltimore, MD 21202

Phone: (410) 353-5667

e-mail: jack@thedominiongroup.com

Attention: Jack BeVier

 

 

With a copy to:

Philip S. Rosenzweig, Esq.

Partner

Silverang & Donohoe, LLC

595 East Lancaster Avenue, Suite
203

St. Davids, Pa. 19087

Phone610-263-0124 (direct)

610-263-0115
(main)

Fax:215-754-4139 (efax)

Email:prosenzweig@sanddlawyers.com

Attn: Philip S. Rosenzweig, Esq.

 

    	24

    	 

    

 

 

 

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 Delaware; provided that if the dispute involves an individual property the law of the State
where such property is located will apply. In any dispute arising out of or related to this Agreement, an action must be brought
in the United States District Court for the State of Georgia (Northern Division), or in a state court (A) sitting in the county
in which the property or properties which are the subject of such action are situated, or (B) in any county in which any of the
properties is situated, if the subject of the action is not limited to properties in a single county 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.

 

(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.

 

    	25

    	 

    

 

 

(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.

 

(p)              
Confidentiality. Buyer and its representatives shall hold in strictest confidence all data and information obtained
with respect to the operation and management of the Property, whether obtained before or after the execution and delivery hereof,
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 from disclosing to its 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.

 

[SIGNATURE PAGE FOLLOWS]

 

    	26

    	 

    

 

 

 

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

 

SELLER

 

DOMINION ATLANTA PROPERTIES FUND,
I, LP,

a Delaware limited partnership

 

By:  /s/ Jack BeVier

Name:  Jack BeVier, Authorized Party

 

 

DP ATLANTA FUND, LLC,

a Delaware limited liability
company

 

By:  /s/ Jack BeVier

Name:  Jack BeVier, Authorized Party

 

 

STONE TOWER INVESTMENTS, LLC,

a Georgia limited liability
company

 

By:  /s/ Jack BeVier

Name:  Jack BeVier, Authorized Party

 

 

FULL COURT PRESS, LLC,

a Delaware limited liability
company

 

By:  /s/ Jack BeVier

Name:  Jack BeVier, Authorized Party

 

 

RMN INVESTMENT HOLDINGS, LLC,

a Delaware limited liability
company

 

By:  /s/ Jack BeVier

Name: Jack BeVier, Authorized Party

 

 

    	27

    	 

    

 

 

DP ATLANTA, LLC,

a Maryland limited liability
company

 

By:  /s/ Jack BeVier

Name:  Jack BeVier, Authorized Party

 

 

DPH ATLANTA, LLC,

a Delaware limited liability
company

 

By:  /s/ Jack BeVier

Name:  Jack BeVier, Authorized Party

 

 

BUYER

 

REVEN HOUSING GEORGIA, LLC

a Delaware limited liability company

 

By:  /s/ Chad Carpenter

Chad Carpenter, Chief Executive Officer

 

    	28

    	 

    

 

 

LIST OF EXHIBITS AND SCHEDULES

 

	EXHIBITS	DESCRIPTIONS
	1. EXHIBIT A-1 and EXHIBIT A-2	DESCRIPTION OF THE PROPERTIES
	2. EXHIBIT B	LIST OF CONTRACTS
	3. EXHIBIT C	FORM OF DEED
	4. EXHIBIT D	FORM OF BILL OF SALE
	5. EXHIBIT E	FORM OF ASSIGNMENT OF LEASES AND CONTRACTS 
	6. EXHIBIT F	FORM OF FIRPTA AFFIDAVIT
	 	 
	SCHEDULES	DESCRIPTIONS
	1. 6(a)(3)	PROPERTY INFORMATION
	 	 

 

    	 

    	 

    

 

EXHIBIT
A-1

 

DESCRIPTION
OF PROPERTies in DECEMBER 31, 2013 Closing

 

DOMINION ATLANTA PROPERTIES FUND I, LP
Properties

 

	No.	Address	County	City	Zip Code	Cost
	1.	1011 Briarberry Ln	Riverdale	Clayton	30296	 $              93,472 
	2.	1305 Sandybrook Ct	DeKalb	Lithonia	30058	 $              93,472 
	3.	2714 Parkway Trl	DeKalb	Lithonia	30058	 $              69,881 
	4.	6576 Planters Ct	Clayton	Morrow	30260	 $              75,668 
	5.	3781 Wesley View	DeKalb	Decatur	30034	 $              73,442 
	6.	3399 Bells Landing Dr	Clayton	Rex	30273	 $              84,570 
	7.	170 Rivergate Ct	Clayton	Jonesboro	30238	 $              97,923 
	8.	2353 Brianna Dr	Clayton	Hampton	30228	 $              73,442 
	9.	8808 Edenton Way	Clayton	Jonesboro	30238	 $              97,923 
	10.	3281 Glen Hollow Dr	Clayton	Rex	30273	 $              75,668 
	11.	330 E Country Woods Dr	Newton	Covington	30016	 $              77,893 
	12.	2457 Northmill Ln	DeKalb	Decatur	30035	 $              80,119 
	13.	2048 Manhattan Pkwy	DeKalb	Decatur	30035	 $              82,344 
	14.	3700 Prescott Ridge	DeKalb	Clarkston	30021	 $              75,668 
	15.	3163 Hardin Ct	DeKalb	Lithonia	30038	 $              93,472 
	16.	1489 Emily Ct	Clayton	Riverdale	30296	 $              77,893 
	17.	6089 Giles Ct	DeKalb	Lithonia	30058	 $              97,923 
	18.	1914 Grove Way	Clayton	Hampton	30228	 $              73,442 
	19.	5454 Northcut Dr	Clayton	Atlanta	30349	 $              82,344 
	20.	497 Eagles Crossing	Clayton	Riverdale	30274	 $              77,893 
	21.	8479 Glendevon Ct	Clayton	Riverdale	30274	 $              95,697 
	22.	3323 Waldrop Trl	DeKalb	Decatur	30034	 $              75,668 
	23.	7 Old Roundtree Rd	Clayton	Riverdale	30274	 $              75,668 
	24.	9925 Rivercliff Ln	Douglas	Villa Rica	30180	 $              80,119 
	25.	1364 Daffodil Ln	Clayton	Hampton	30228	 $              97,923 
	26.	1062 Plantation Blvd	Rockdale	Conyers	30094	 $              89,021 
	27.	3340 Glen Hollow Dr	Clayton	Rex	30273	 $              75,668 
	28.	355 Lakefront Dr	Henry	McDonough	30253	 $              97,923 
	29.	2850 Heritage Ln	Clayton	Morrow	30260	 $            100,148 
	30.	3575 Brookstone Way	Fulton	Union City	30291	 $              77,893 
	31.	7596 Briar Crest Ct	Clayton	Riverdale	30296	 $              84,570 
	32.	2301 Nicole Dr	Clayton	Hampton	30228	 $              70,772 
	33.	7110 New Dale Rd	Clayton	Rex	30273	 $              77,893 
	34.	8734 Parliament Pl	Clayton	Jonesboro	30238	 $              82,344 
	35.	2743 Rosebud Ct	Clayton	Hampton	30228	 $              75,668 

 

 

    	 

    	 

    

 

 

	36.	3709 Prescott Ridge Cir	DeKalb	Clarkston	30021	 $              73,442 
	37.	1726 Hearthstone Way	Clayton	Jonesboro	30236	 $              75,668 
	38.	2973 Heritage Villa Dr	DeKalb	Lithonia	30038	 $              68,991 
	39.	3798 Waldrop Ln	DeKalb	Decatur	30034	 $              75,668 
	40.	361 Chateauguay Dr	Henry	Ellenwood	30294	 $              75,668 
	41.	873 River Mist Dr	Clayton	Jonesboro	30238	 $              84,570 
	42.	417 Montgomery Pl	Clayton	Jonesboro	30238	 $              95,697 
	43.	2020 Valley Woods Dr	Clayton	Riverdale	30296	 $            106,825 
	44.	7624 Creekside Ln	Clayton	Riverdale	30296	 $              75,668 
	45.	5693 Eagles Feather Ln	Clayton	Riverdale	30274	 $              77,893 
	46.	4642 Latchwood Dr	DeKalb	Lithonia	30038	 $              82,344 
	47.	7312 Williamsburg Dr	Clayton	Riverdale	30274	 $              82,344 
	48.	1560 Tigris Ct	Clayton	Atlanta	30349	 $              84,570 
	 	Total of 48 Properties	 	 	Total	 $         3,970,775

 

DP ATLANTA FUND, LLC Properties

 

	No.	Address	County	City	Zip Code	Cost
	49.	3682 Brookwood Blvd	Clayton	Rex	30273	 $              75,520
	50.	2144 Marbut Farms Entry	DeKalb	Lithonia	30058	 $              75,520
	51.	3127 Panthers Trace	DeKalb	Decatur	30034	 $              66,635
	52.	7215 Raintree Loop	Clayton	Jonesboro	30236	 $              77,741
	53.	5271 Brentwood Rd	Clayton	College Park	30349	 $              75,520
	54.	977 Ellison Ct	Cobb	Austell	30168	 $              77,741
	55.	6738 Amesbury Ln	Clayton	Riverdale	30296	 $              77,741
	56.	3940 Scott Dr	Clayton	Forest Park	30297	 $              70,634
	57.	825 Pixley Dr	Clayton	Riverdale	30296	 $              73,299
	58.	2278 Lanier Pl	Clayton	Morrow	30260	 $              77,741
	59.	5475 Deerfield Trl	Fulton	College Park	30349	 $              75,520
	60.	6186 Princeton Ave	Clayton	Morrow	30260	 $              75,520
	61.	523 Carlton Pointe	Fulton	Palmetto	30268	 $              79,518
	62.	947 Fox Valley Ct	DeKalb	Stone Mountain	30088	 $              77,741
	63.	7503 Conkle Rd	Clayton	Jonesboro	30236	 $            106,617
	64.	4021 Maplewood Dr	DeKalb	Decatur	30035	 $              75,520
	65.	8206 Mahogany Ln	DeKalb	Lithonia	30058	 $              93,290
	66.	8062 Kylie Ct	Clayton	Jonesboro	30274	 $              79,963
	 	Total of 18 Properties	 	 	Total	 $         1,411,781

 

 

    	 

    	 

    

 

 

STONE TOWER INVESTMENTS, LLC Properties

 

	No.	Address	County	City	Zip Code	Cost
	67.	6092 Marbut Rd	DeKalb	Lithonia	30058	 $          69,082
	68.	537 Fielding Cir	Clayton	Riverdale	30274	 $          55,266
	69.	11949 Spring Lake Way	Clayton	Fayetteville	30215	 $          82,899
	70.	6589 River Rd	Clayton	Riverdale	30274	 $          54,871
	71.	6295 Klondike River Rd	DeKalb	Lithonia	30038	 $          70,108
	72.	6114 Camden Forrest Dr	Clayton	Riverdale	30296	 $          59,213
	73.	370 Valiant Ln	Clayton	Riverdale	30274	 $          67,108
	74.	206 Lucan Ct	Clayton	Riverdale	30274	 $          65,135
	 	Total of 8 Properties	 	 	Total	 $        523,682

 

FULL COURT PRESS, LLC Properties

 

	No.	Address	County	City	Zip Code	Cost
	75.	2052 Cherrybrook Dr	DeKalb	Decatur	30032	$     68,000
	76.	5221 Kirk Dr	Clayton	College Park	30349	$     70,000
	77.	1097 Hidden Brook Trl	Clayton	Atlanta	30349	$     68,000
	78.	3528 Waldrop Cliff Cir	DeKalb	Decatur	30034	$     74,000
	79.	1500 Knights Trl	DeKalb	Stone Mountain	30083	$     80,000
	 	Total of 5 Properties	 	 	Total	$   360,000

 

RMN INVESTMENT HOLDINGS, LLC Properties

 

	No.	Address	County	City	Zip Code	Cost
	80.	5268 Fox Path	DeKalb	Stone Mountain	30088	 $          74,213
	81.	6362 Redan Sq	DeKalb	Lithonia	30058	 $          76,333
	82.	3648 Stanford Cir	DeKalb	Decatur	30034	 $          72,092
	83.	6354 Shannon Pkwy #35G	Fulton	Union City	30291	 $          67,428
	84.	4811 White Oak Path	DeKalb	Stone Mountain	30088	 $          74,213
	85.	95 Triple Crown Ln	Henry	Ellenwood	30294	 $          78,453
	86.	384 Cativo Dr SW	Fulton	Atlanta	30311	 $          74,213
	87.	6427 Bedford Ln	DeKalb	Lithonia	30058	 $          65,562
	88.	9044 Hamilton Ct	Clayton	Jonesboro	30236	 $          63,611
	89.	2975 Phillips Way	DeKalb	Lithonia	30038	 $          69,972
	90.	5319 Creekview Way	Clayton	Morrow	30260	 $          75,909
	 	Total of 11 Properties	 	 	Total	 $        791,999

 

 

    	 

    	 

    

 

 

DP ATLANTA, LLC Properties

 

	No.	Address	County	City	Zip Code	Cost
	91.	1741 Fielding Way	Clayton	Hampton	30228	 $        74,804
	92.	8202 Winewood Ct	Clayton	Riverdale	30274	 $        72,537
	93.	806 Boston Commons	Clayton	College Park	30349	 $        62,745
	94.	8281 Chestnut Dr	Clayton	Jonesboro	30238	 $        74,804
	95.	2331 Nicole Dr	Clayton	Hampton	30228	 $        79,338
	96.	6354 Shannon Pkwy #18C	Fulton	Union City	30291	 $        70,270
	97.	6304 Hickory Lane Cir	Fulton	Union City	30291	 $        77,071
	98.	3684 Brookwood Blvd	Clayton	Rex	30273	 $        77,071
	99.	2223 Scarbrough Dr	DeKalb	Stone Mountain	30088	 $        72,537
	100.	7032 Panda Rd	Cobb	Austell	30168	 $        79,338
	101.	966 Foxworthy Ln	Clayton	Riverdale	30296	 $        92,938
	102.	4677 Cedar Park Trl	DeKalb	Stone Mountain	30083	 $        72,084
	103.	1738 Salina Dr	Clayton	Jonesboro	30236	 $        72,537
	104.	468 Paxton Pl	Clayton	Riverdale	30274	 $        81,604
	105.	1983 Northerly Way	DeKalb	Stone Mountain	30088	 $        77,071
	106.	2441 Brianna Dr	Clayton	Hampton	30228	 $        72,084
	107.	145 Cinnamon Fern Cir	Newton	Covington	30016	 $        95,205
	108.	886 Disney Ct	DeKalb	Stone Mountain	30088	 $        72,084
	109.	4631 Candlewyck Way	Gwinnett	Buford	30518	 $        74,804
	110.	6972 Lismore Dr	Gwinnett	Norcross	30093	 $        90,672
	111.	8415 N Pond Ct	Clayton	Riverdale	30274	 $        70,270
	112.	1102 Greendale Ln	Clayton	Jonesboro	30238	 $        77,071
	113.	756 Four Winds Ln	Clayton	Jonesboro	30238	 $        90,672
	114.	2062 W Morgans Bluff Ct	DeKalb	Lithonia	30058	 $        72,537
	115.	1324 Interlaken Pass	Clayton	Jonesboro	30238	 $        95,205
	116.	5312 McCarter Station	DeKalb	Stone Mountain	30088	 $        81,151
	117.	1249 Misty Meadows Ln	Clayton	Hampton	30228	 $        81,604
	118.	1748 Natchez Trl	DeKalb	Conley	30288	 $        81,151
	 	Total of 28 Properties	 	 	Total	 $   2,191,259

 

 

    	 

    	 

    

 

 

EXHIBIT
A-2

 

DESCRIPTION
OF PROPERTies in 2014 OPTIONAL Closing

 

DPH
ATLANTA, LLC Properties

 

	No.	Address	County	City	Zip Code	Cost
	1.	5090 Windsor Forrest Ln	Fulton	College Park	30349	 $              68,419
	2.	1779 Deer Crossing Way	Clayton	Jonesboro	30236	 $              76,445
	3.	4433 Newton Estates Trl	Clayton	Ellenwood	30294	 $              70,712
	4.	11171 Knotty Pine Pl	Clayton	Hampton	30228	 $              57,334
	5.	5696 Collonade Dr	Clayton	Rex	30273	 $              76,063
	6.	838 Commerce Blvd	Clayton	Riverdale	30296	 $              63,067
	7.	1478 Riverrock Trl	Clayton	Riverdale	30296	 $              63,067
	8.	881 Hampton Hill Ct	Gwinnett	Lawrenceville	30044	 $              74,534
	9.	7111 Brookview Way	Clayton	Riverdale	30274	 $              64,978
	10.	2290 Chestnut Log Dr	Douglas	Lithia Springs	30122	 $              64,978
	11.	8339 Reinosa Way	Clayton	Jonesboro	30236	 $              63,067
	12.	285 Splitwood Ln	Fulton	Fairburn	30213	 $              66,890
	13.	552 Simpson Place Dr	Clayton	Forest Park	30297	 $              80,268
	14.	1149 Alford Rd	DeKalb	Lithonia	30058	 $              91,352
	15.	633 Stone Harbor Pkwy SW	Cobb	Marietta	30060	 $              87,912
	16.	2736 Norfair Loop	DeKalb	Lithonia	30038	 $              60,774
	17.	3470 Valley Oaks Rd	DeKalb	Lithonia	30038	 $              64,978
	18.	6847 Shangrila Way	Clayton	Riverdale	30296	 $              63,067
	19.	7414 Grayson Dr	Clayton	Riverdale	30296	 $              63,067
	20.	979 Brandon Hill Way	Clayton	Jonesboro	30238	 $              66,890
	21.	11942 Lovejoy Crossing Blvd	Clayton	Hampton	30228	 $              66,890
	22.	5120 Cochran Dr	Fulton	Union City	30291	 $              61,156
	23.	7827 Taylor Cir	Clayton	Riverdale	30274	 $              63,067
	24.	5549 Strathmoor Manor Cir	DeKalb	Lithonia	30058	 $              66,507
	25.	2428 Butner Rd SW	Fulton	Atlanta	30331	 $              63,067
	26.	5891 John St	Cobb	Austell	30106	 $              64,978
	27.	225 DeerrunTrl	Fulton	Atlanta	30349	 $              64,978
	28.	2453 Crestdale Cir SE	DeKalb	Atlanta	30316	 $              64,978
	29.	1091 Commons Ct	Clayton	Jonesboro	30238	 $              70,712
	30.	4956 Ivylog Ct	DeKalb	Lithonia	30038	 $              64,978
	31.	1682 Hearthstone Ct	Clayton	Jonesboro	30236	 $              70,712
	32.	111 Forest Pl	Henry	Stockbridge	30281	 $              64,978
	33.	5497 Winslow Crossing	DeKalb	Lithonia	30038	 $              70,712
	34.	6690 Vesta Brook Dr	Clayton	Morrow	30260	 $              63,067
	35.	5297 Brentwood Rd	Clayton	College Park	30349	 $              61,156

 

 

    	 

    	 

    

 

 

	36.	2755 Hunters Ct	Clayton	Hampton	30228	 $              68,419
	37.	6265 Leverett Dr	DeKalb	Lithonia	30038	 $              64,978
	38.	1724 Laurel Creek Cir	DeKalb	Lithonia	30058	 $              64,978
	39.	5214 Alexander St	Fulton	Union City	30291	 $              68,419
	40.	1012 Cone Rd	Clayton	Forest Park	30297	 $              64,978
	41.	2734 Parkway Trl	DeKalb	Lithonia	30058	 $              64,978
	42.	2646 Parkway Trl	DeKalb	Lithonia	30058	 $              66,890
	43.	5811 Strathmoor Manor Cir	DeKalb	Lithonia	30058	 $              59,245
	44.	2594 Capella Cir SW	Fulton	Atlanta	30331	 $              72,623
	45.	3893 River Ridge Ct	DeKalb	Decatur	30034	 $              80,268
	46.	2091 Dylan Ct	Clayton	Ellenwood	30294	 $              86,001
	47.	6291 Valdez Dr	Clayton	Rex	30273	 $              68,419
	48.	2791 Vining Ridge Ter	DeKalb	Decatur	30034	 $              53,308
	 	Total of 48 Properties	 	 	Total	 $         3,253,302

 

DP ATLANTA FUND, LLC Properties

 

	No.	Address	County	City	Zip Code	Cost
	49.	1687 Hunting Creek Dr	Rockdale	Conyers	30013	 $             64,414
	50.	2185 Miranda Dr	Clayton	Morrow	30260	 $             73,299
	51.	40 Court St S	Henry	Ellenwood	30294	 $             77,741
	52.	5571 Tunbridge Wells Rd	DeKalb	Lithonia	30058	 $             79,963
	53.	2165 Knighton Dr	Fulton	Atlanta	30349	 $             70,634
	 	Total of 5 Properties	 	 	Total	 $           366,051

 

DOMINION ATLANTA PROPERTIES FUND I, LP
Properties

 

	No.	Address	County	City	Zip Code	Cost
	54.	9042 Bob Jackson Dr	Clayton	Jonesboro	30238	$              82,344 
	 	Total of 1 Property	 	 	Total	$              82,344

 

RMN INVESTMENT HOLDINGS, LLC Properties

 

	No.	Address	County	City	Zip Code	Cost
	55.	3685 Eagle Woods Cir	DeKalb	Lithonia	30038	 $             89,055
	 	 Total of 1 Property	 	 	Total	 $             89,055

 

 

    	 

    	 

    

 

EXHIBIT
B

 

LIST
OF CONTRACTS

 

		1.	

 

 

 

    	 

    	 

    

 

 

EXHIBIT
C

 

FORM
OF DEED

 

 

 

 

 

 

 

 

 

After recording, please return
to:

Greenberg Traurig, LLP

1840 Century Park East

Suite 1900

Los Angeles, CA 90067

Attn: Dana Treister, Esq.

 

STATE OF GEORGIA

 

COUNTY OF ______________

 

LIMITED WARRANTY DEED

 

THIS INDENTURE
is made this _____ day of November, 2013, by and among DOMINION ATLANTA PROPERTIES FUND I, LP, a Delaware limited partnership,
DP ATLANTA FUND, LLC, a Delaware limited liability company, STONE TOWER INVESTMENTS, LLC, a Georgia limited liability company,
FULL COURT PRESS, LLC, a Delaware limited liability company, RMN INVESTMENT HOLDINGS, LLC, a Delaware limited liability company,
DP ATLANTA, LLC, a Maryland limited liability company, and DPH ATLANTA, LLC, a Delaware limited liability company (collectively,
“Grantor”) and, REVEN HOUSING GEORGIA, LLC a Delaware limited liability company (together with any designee
identified or appointed by REVENT HOUSING GEORGIA, LLC, “Grantee”) (herein, the words “Grantor”
and “Grantee” to include its respective heirs, successors and assigns where the context requires or permits).

 

    	 

    	 

    

 

 

W I T N E S S E T H:

 

FOR AND IN CONSIDERATION
of the sum of Ten Dollars ($10.00) in hand paid to Grantor by Grantee at and before the execution, sealing and delivery hereof,
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor has granted, bargained,
sold, aliened, conveyed and confirmed, and by these presents does grant, bargain, sell, alien, convey and confirm unto Grantee,
and the successors, legal representatives and assigns of Grantee, all that tract or parcel of land being more particularly described
on Exhibit “C-1” attached hereto and incorporated herein by reference (the “Land”).

 

TO HAVE AND TO HOLD
said tract or parcel of land, together with all buildings, structures and other improvements affixed to the Land, and any and all
of the rights, members and appurtenances thereof to the same being, belonging or in anywise appertaining to the only proper use,
benefit and behoof of Grantee forever, in fee simple; and

 

GRANTOR SHALL WARRANT
and forever defend the right and title to said tract or parcel of land unto Grantee, and the successors, legal representatives
and assigns of Grantee, against the claims of all persons whomsoever, claiming by, through or under Grantor, but not otherwise;
provided, however, that the warranties of title made by Grantor herein shall not extend to any claims arising under
any matter set forth on Exhibit “C-2”, attached hereto and incorporated herein by reference; however,
this reference shall not serve to reimpose the same.

 

 

 

 

 

 

 

[Intentionally left blank]

 

 

 

 

 

 

 

[Signatures on next page]

 

 

 

    	 

    	 

    

 

 

IN WITNESS WHEREOF,
Grantor, acting by and through its general partner, has executed and sealed this indenture, and delivered this indenture to Grantee,
on the day and year first written above.

 

	
         

         

        Signed, sealed and delivered

        in the presence of:

         

         

         

                                                                                

        Unofficial Witness

         

                                                                                

        Notary Public

         

        My Commission Expires:

                                                                                

         

(NOTARY
SEAL)

    	
        GRANTOR:

         

        DOMINION ATLANTA PROPERTIES FUND, I, LP,

        a Delaware limited partnership

         

        By:  ______________________________

        Name: ______________________________

         

        DP ATLANTA FUND, LLC,

        a Delaware limited liability company

         

        By:  ______________________________

        Name: ______________________________

         

        STONE TOWER INVESTMENTS, LLC,

        a Georgia limited liability company

         

        By:  ______________________________

        Name: ______________________________

         

        FULL COURT PRESS, LLC,

        a Delaware limited liability company

         

        By:  ______________________________

        Name: ______________________________

         

        RMN INVESTMENT HOLDINGS, LLC,

        a Delaware limited liability company

         

        By:  ______________________________

        Name: ______________________________

         

        DP ATLANTA, LLC,

        a Maryland limited liability company

         

        By:  ______________________________

        Name: ______________________________

         

        DPH ATLANTA, LLC,

        a Delaware limited liability company

         

        By:  ______________________________

        Name:_______________________________

 

 

    	 

    	 

    

 

 

EXHIBIT C-1

 

[Legal Descriptions of the parcels]

 

 

    	 

    	 

    

 

 

EXHIBIT C-2

 

PERMITTED EXCEPTIONS

 

 

1.

 

    	 

    	 

    

 

EXHIBIT
D

 

FORM OF BILL OF SALE

 

DOMINION ATLANTA PROPERTIES
FUND I, LP, a Delaware limited partnership, DP ATLANTA FUND, LLC, a Delaware limited liability company, STONE TOWER INVESTMENTS,
LLC, a Georgia limited liability company, FULL COURT PRESS, LLC, a Delaware limited liability company, RMN INVESTMENT HOLDINGS,
LLC, a Delaware limited liability company, DP ATLANTA, LLC, a Maryland limited liability company, and DPH ATLANTA, LLC, a Delaware
limited liability company (collectively, “Seller”), for good and valuable considerations, receipt and sufficiency of
which are hereby acknowledged, does hereby quitclaim, sell, assign, transfer and set over to REVEN HOUSING GEORGIA, LLC, a Delaware
limited liability company (“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 November __, 2013, 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 November, 2013.

 

SELLER

 

DOMINION ATLANTA PROPERTIES FUND,
I, LP,

a Delaware limited partnership

 

By:  ______________________________

Name: _____________________________

 

 

DP ATLANTA FUND, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name: _____________________________

 

 

STONE TOWER INVESTMENTS, LLC,

a Georgia limited liability
company

 

By:  ______________________________

Name: _____________________________

 

    	 

    	 

    

 

 

 

FULL COURT PRESS, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name: _____________________________

 

 

RMN INVESTMENT HOLDINGS, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name: ____________________________

 

 

DP ATLANTA, LLC,

a Maryland limited liability
company

 

By:  ______________________________

Name: _____________________________

 

 

DPH ATLANTA, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name: _____________________________

 

 

    	 

    	 

    

 

EXHIBIT
E

 

FORM OF ASSIGNMENT OF LEASES AND CONTRACTS
AND CONTRACTS 

 

THIS ASSIGNMENT OF LEASES AND CONTRACTS
AND CONTRACTS (this “Assignment”) is entered into as of the ____ of November, 2013 (the “Closing
Date”), among DOMINION ATLANTA PROPERTIES FUND I, LP, a Delaware limited partnership, DP ATLANTA FUND, LLC, a Delaware
limited liability company, STONE TOWER INVESTMENTS, LLC, a Georgia limited liability company, FULL COURT PRESS, LLC, a Delaware
limited liability company, RMN INVESTMENT HOLDINGS, LLC, a Delaware limited liability company, DP ATLANTA, LLC, a Maryland limited
liability company, and DPH ATLANTA, LLC, a Delaware limited liability company (collectively, “Assignor”)
and REVEN HOUSING GEORGIA, LLC, a Delaware limited liability company (“Assignee”).

 

RECITALS

 

Assignor has conveyed
to Assignee those certain parcels of real property and improvements located in Atlanta, Georgia, and more particularly described
in Exhibit A-1 and Exhibit A-2 attached to this Assignment, pursuant to that certain Single Family Homes Real Estate
Purchase and Sale Agreement, dated as of November __, 2013 (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 Atlanta, Georgia, legally described in Exhibit A-1
and Exhibit A-2 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 Closing Date. Additionally, Assignee agrees to pay all monetary obligations when due under the
Contracts arising before the Closing 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.

 

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

 

IN WITNESS WHEREOF,
Assignor and Assignee have caused this Assignment of Leases and Contracts to be executed as of this ______ day of November, 2013.

 

ASSIGNOR

 

DOMINION ATLANTA PROPERTIES FUND,
I, LP,

a Delaware limited partnership

 

By:  ______________________________

Name: _____________________________

 

DP ATLANTA FUND, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name: _____________________________

 

STONE TOWER INVESTMENTS, LLC,

a Georgia limited liability
company

 

By:  ______________________________

Name: _____________________________

 

FULL COURT PRESS, LLC,

a Delaware limited liability
company

 

By:  ______________________________ 

Name: _____________________________

 

 

    	 

    	 

    

 

RMN INVESTMENT HOLDINGS, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name: ____________________________

 

DP ATLANTA, LLC,

a Maryland limited liability
company

 

By:  ______________________________

Name: _____________________________

 

DPH ATLANTA, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name: ____________________________

 

 

ASSIGNEE

 

REVEN HOUSING GEORGIA, LLC

a Delaware limited liability company

 

By: ____________________________________

Chad Carpenter

Chief Executive
Officer

 

    	 

    	 

    

 

 

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 DOMINION ATLANTA PROPERTIES FUND I, LP, a Delaware limited partnership,
DP ATLANTA FUND, LLC, a Delaware limited liability company, STONE TOWER INVESTMENTS, LLC, a Georgia limited liability company,
FULL COURT PRESS, LLC, a Delaware limited liability company, RMN INVESTMENT HOLDINGS, LLC, a Delaware limited liability company,
DP ATLANTA, LLC, a Maryland limited liability company, and DPH ATLANTA, LLC, a Delaware limited liability company (collectively,
“Transferor”) and REVEN HOUSING GEORGIA, LLC, a Delaware limited liability company (“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.

 

    	 

    	 

    

 

 

IN WITNESS WHEREOF,
Transferor has executed and delivered this FIRPTA Affidavit as of November ___, 2013.

 

TRANSFEROR

 

DOMINION ATLANTA PROPERTIES FUND,
I, LP,

a Delaware limited partnership

 

By:  ______________________________

Name: _____________________________

 

 

DP ATLANTA FUND, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name: ____________________________

 

 

STONE TOWER INVESTMENTS, LLC,

a Georgia limited liability
company

 

By:  ______________________________

Name: ____________________________

 

 

FULL COURT PRESS, LLC,

a Delaware limited liability
company

 

By:  ______________________________
 Name: ____________________________

 

 

RMN INVESTMENT HOLDINGS, LLC,

a Delaware limited liability
company

 

By:  ______________________________
 Name: ____________________________

 

    	 

    	 

    

 

 

DP ATLANTA, LLC,

a Maryland limited liability
company

 

By:  ______________________________

Name: ____________________________

 

 

DPH ATLANTA, LLC,

a Delaware limited liability
company

 

By:  ______________________________

Name:_____________________________

 

    	 

    	 

    

 

 

SCHEDULE 6(a)(3): SELLER’S DELIVERIES

 

		1.	Copies (including amendments) of all contracts, space leases, equipment/furniture leases (excluding
leases of office space, equipment, etc. unrelated to the Premises, i.e., Seller’s offices), service/maintenance/repair/supply
contracts license agreements, City Occupancy Certificates, management contracts, insurance contracts, permits related to the Property
and financial statements on all tenants in the Properties.

		2.	Copies of all property inspection reports since acquisition, and the most recent environmental
reports (including any Phase I Report) relating to any of the Properties;

		3.	Any plat maps, subdivision plats, renderings, surveys (including the most recent as-built survey)
or diagrams and complete plans and specifications, including any amendments thereto of any of the Properties;

		4.	Tax certificate(s) and/or bill(s) for both real and personal property for the current tax year
for each Property;

		5.	A description of the typical scope of work and budget related to the Properties;

		6.	A schedule of all current lawsuits pending or threatened affecting each Property which schedule
will include a summary of the action, the names of all the parties thereto, including the plaintiff, defendant and any attorneys
that do or could affect the applicable Property, the transaction contemplated herein or Seller’s ability to perform its obligations
hereunder;

		7.	Copies of operating statements since acquisition, all rent rolls, including all lease expiration
dates, prepaid deposits and rents, delinquencies, defaults, options to renew, options to purchase, refundable deposits and non-refundable
deposits, and any special concessions or options with respect to each Property;

		8.	All utility and sewer expenses since acquisition for each Property;

		9.	A description of personal property and fixtures typically located at each Property;

		10.	Copies of all construction and FF&E warranty agreements including roof bonds for each Property;

		11.	Copies of all independent property structural condition reports, area seismological reports, appraisals,
engineering reports, geological reports, environmental reports, maintenance reports, and other similar items relating to each Property;

		12.	Any studies, reports or similar documents, instruments or materials in Seller’s possession
that relate to the condition of all or any portion of each Property, including, without limitation: soils; drainage; traffic; subdivision
plats; governmental approvals; American’s with Disabilities Act compliance; planning and zoning.

		13.	Copies of or access to all contracts of employment or consultancy affecting each Property.

		14.	Memoranda covering the terms and conditions of any unwritten leases or contracts affecting each
Property.

		15.	Copy of any Common Area Maintenance budget and ledger showing all payments and disbursements at
each Property.

		16.	List of all utilities paid by landlord with utility company name and contact information for each
Property.

 

    	 

    	 

    

 

 

SCHEDULE 6(a)(5)

 

[NEED
LIST OF ALL CURRENT LEASES]

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