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

2. 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

3. 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