COMMUNITY INVESTMENT TRUST Mercy Corps Northwest Board of Directors Meeting Update July 21, 2016

Community Investment Trust (Cont.) Plaza 122 – Improvements, Lease-up, Stabilization Development of Community Investor Curriculum Copyright and Trademark Protection for CIT Intellectual Property Structure and Secure Bank Commitment for Senior-Secured Loan and Letter of Credit for Fixed Community Investor Return Confirm Exemption from Registration Under Federal and State Securities Laws for Community Investor Investment in CIT Finalize Terms/Conditions of Community Investor Investment in CIT Finalize REIT, Operating, Management, Governance and Sponsorship Legal Structure, including consideration of B-Corp Status and Dispute Resolution Procedures Confirm Steps Required to Ensure REIT Qualification

Community Investment Trust (Cont.) Draft Community Investor Offering, Disclosure and Subscription Documents Draft Bank Loan, Letter of Credit and Security Documents Draft REIT, Operating, Management, Governance and Sponsorship Documents Finalize Investor Platform with Transfer Online and Confirm Eligibility of Funding Portal Under SEC Crowd Funding Rule Confirm that Adequate Systems are in Place to Collect and Administer Community Investor Payments MCNW Board Work Session and Adoption of CIT Approving Resolution Community Outreach Commence Financial Education Classes to Create Pool of Eligible Potential Investors Launch of CIT Offering – October