Common use of Subscription for and Purchase of the Common Shares Clause in Contracts

Subscription for and Purchase of the Common Shares. a. Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENT, the SHAREHOLDER hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "Purchase") in the amount of the purchase price (the "Purchase Price") set forth on the signature page to this SUBSCRIPTION AGREEMENT. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER must initially purchase at least $1,000 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 worth of Common Shares. c. Please read this SUBSCRIPTION AGREEMENT, the Offering Circular, and the COMPANY’S Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENT”). While they are subject to change, as described below, the COMPANY advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY and to receive communications relating to the Common Shares electronically. d. The COMPANY has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENT, which, in the case of an individual, shall survive his/her death or disability and shall be binding upon the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANY, or the COMPANY otherwise determines not to consummate the transaction. f. The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT constitutes its consent to such OPERATING AGREEMENT, and, that upon acceptance of this SUBSCRIPTION AGREEMENT by the COMPANY, the undersigned will become a SHAREHOLDER of the COMPANY as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT is countersigned by the COMPANY, the OPERATING AGREEMENT shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENT, the SHAREHOLDER hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "Purchase") in the amount of the purchase price (the "Purchase Price") set forth on the signature page to this SUBSCRIPTION AGREEMENT. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER must initially purchase at least $1,000 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 worth of Common Shares. c. The offering of Common Shares is described in the Offering Circular, that is available through the online website platform wxx.XXXxxxxxxXXXX.xxx (the "Site"), which is owned and operated by the COMPANY, as well as on the SEC's EXXXX website. Please read this SUBSCRIPTION AGREEMENT, the Offering Circular, and the COMPANY’S Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENT”). While they are subject to change, as described below, the COMPANY advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY and to receive communications relating to the Common Shares electronically. d. The COMPANY has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENT, which, in the case of an individual, shall survive his/her death or disability and shall be binding upon the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANY, or the COMPANY otherwise determines not to consummate the transaction. f. The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT constitutes its consent to such OPERATING AGREEMENT, and, that upon acceptance of this SUBSCRIPTION AGREEMENT by the COMPANY, the undersigned will become a SHAREHOLDER of the COMPANY as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT is countersigned by the COMPANY, the OPERATING AGREEMENT shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1 Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price (the "“Purchase Price"”) set forth on the signature page to this SUBSCRIPTION AGREEMENTAgreement. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER 1.2 The Subscriber must initially purchase at least $1,000 worth of 100 Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are is no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or requirement on additional purchases once the SHAREHOLDER Subscriber has purchased the requisite minimum of$1,000 worth of 100 Common Shares. However, if Subscriber is a husband and wife purchasing jointly through an IXX plan, they must purchase at least 100 Common Shares each. 1.3 The offering of Common Shares. c. Shares is described in the Offering Circular, that is available through the online website wxx.xxxxxxxxxxxxxxxxxxxxxxx.xxx (the “Site”), which is owned and operated by the Company, as well as on the SEC’s EXXXX website. Please read this SUBSCRIPTION AGREEMENTAgreement, the Offering Circular, and the COMPANY’S Reliance Real Estate Trust’s Amended and Restated Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENTOperating Agreement”). While they are subject to change, as described below, the COMPANY Reliance Real Estate Trust advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY us and to receive communications relating to the Common Shares electronically. d. The COMPANY 1.4 Reliance Real Estate Trust has the right to reject this Subscription in whole or in part for any reasonreason within 30 days of the receipt of your subscription. The purchasing SHAREHOLDER Subscriber may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENTAgreement, which, in the case of an individual, shall survive his/her his death or disability and shall be binding upon the SHAREHOLDERSubscriber, his/her his heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. 1.5 Once you send funds for the SHAREHOLDER makes an investment commitment to purchase of Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANYReliance Real Estate Trust, or the COMPANY Reliance Real Estate Trust otherwise determines not to consummate the transaction. f. 1.6 The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT Amended and Restated Operating Agreement of Reliance Real Estate Trust, LLC, dated December 14, 2017 (the “Operating Agreement”), and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT Subscription Agreement constitutes its consent to such OPERATING AGREEMENTOperating Agreement, and, that upon acceptance of this SUBSCRIPTION AGREEMENT Subscription Agreement by the COMPANYReliance Real Estate Trust, the undersigned will become a SHAREHOLDER member of the COMPANY Reliance Real Estate Trust as a holder of Common Shares. When the Company countersigns this SUBSCRIPTION AGREEMENT is countersigned by the COMPANYSubscription Agreement, the OPERATING AGREEMENT Operating Agreement shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1 Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price (the "“Purchase Price"”) set forth on the signature page to this SUBSCRIPTION AGREEMENTAgreement. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER 1.2 The Subscriber must initially purchase at least $1,000 worth of 500 Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are is no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or requirement on additional purchases once the SHAREHOLDER Subscriber has purchased the requisite minimum of$1,000 worth of 500 Common Shares. However, if Subscriber is a husband and wife purchasing jointly through an IXX plan, they must purchase at least 500 Common Shares each. 1.3 The offering of Common Shares. c. Shares is described in the Offering Circular, that is available through the online website wxx.xxxxxxxxxxxxxxxxxxxxxxx.xxx (the “Site”), which is owned and operated by the Company, as well as on the SEC’s EXXXX website. Please read this SUBSCRIPTION AGREEMENTAgreement, the Offering Circular, and the COMPANY’S Amended and Restated Limited Liability Company Operating Agreement of Reliance Real Estate Trust, LLC, dated December 14, 2017, (hereinafter referred to as the “OPERATING AGREEMENTOperating Agreement”). While they are subject to change, as described below, the COMPANY Reliance Real Estate Trust advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY us and to receive communications relating to the Common Shares electronically. d. The COMPANY 1.4 Reliance Real Estate Trust has the right to reject this Subscription in whole or in part for any reasonreason within 30 days of the receipt of your subscription. The purchasing SHAREHOLDER Subscriber may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENTAgreement, which, in the case of an individual, shall survive his/her his death or disability and shall be binding upon the SHAREHOLDERSubscriber, his/her his heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. 1.5 Once you send funds for the SHAREHOLDER makes an investment commitment to purchase of Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANYReliance Real Estate Trust, or the COMPANY Reliance Real Estate Trust otherwise determines not to consummate the transaction. f. 1.6 The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT Subscription Agreement constitutes its consent to such OPERATING AGREEMENTthe Operating Agreement, and, that upon acceptance of this SUBSCRIPTION AGREEMENT Subscription Agreement by the COMPANYReliance Real Estate Trust, the undersigned will become a SHAREHOLDER member of the COMPANY Reliance Real Estate Trust as a holder of Common Shares. When the Company countersigns this SUBSCRIPTION AGREEMENT is countersigned by the COMPANYSubscription Agreement, the OPERATING AGREEMENT Operating Agreement shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1 Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price (the "“Purchase Price"”) set forth on the signature page to this SUBSCRIPTION AGREEMENTAgreement. b. 1.2 Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSJamestown Invest Manager, L.P., the SHAREHOLDER Company’s manager (the “Manager”), (i) if a natural person, you must initially purchase at least $1,000 worth 2,500 in Common Shares in this offering or (ii) if an entity, you must purchase at least $50,000 in Common Shares in this offering at the initial purchase and at least $2,500 at any additional purchase of Common Shares in this offering or (iii) if a self-directed retirement account, you must purchase at least $5,000 in Common Shares in this offering at the initial purchase, and at least $2,500 at any additional purchase of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 worth The offering of Common Shares. c. Shares is described in the Offering Circular that is available through the online platform xxxxxxxxxxxxxxx.xxx (the “Site”), which is owned and operated by Jamestown, L.P. (“Jamestown”), an affiliate of the Company, as well as on the SEC’s XXXXX website. Please read this SUBSCRIPTION AGREEMENTAgreement, including the Privacy Notice attached hereto as Exhibit A, the NCPS Offering Disclosure attached hereto as Exhibit B, the Offering Circular, Jamestown’s operating agreement (the “Operating Agreement”) and the COMPANY’S Operating Agreement limited partnership agreement of Jamestown Invest 1 OP, L.P. (hereinafter referred to as the “OPERATING AGREEMENTOP LPA”). While they are subject to change, as described below, the COMPANY Company advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms herein together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Jamestown Privacy Policy, consent to the Privacy Notice attached hereto as Exhibit A, consent to the NCPS Offering Disclosure attached hereto as Exhibit B, and agree to transact business with the COMPANY us and to receive communications relating to the Common Shares electronically. d. The COMPANY has 1.3 We have the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER You may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENTAgreement, which, in the case of if you are an individual, shall survive his/her death or disability and shall be binding upon your Jamestown Invest 1, LLC 2 Subscription Document 1.4 Once you make a funding commitment for the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Purchase of Common Shares, it is irrevocable until the Common Shares are issued, the Purchase this Subscription is rejected by the COMPANYus, or the COMPANY we otherwise determines determine not to consummate the transaction. f. The undersigned has 1.5 You have received and read a copy of the COMPANY’S OPERATING AGREEMENT Operating Agreement and agrees agree that his/her/its your execution of this SUBSCRIPTION AGREEMENT Subscription constitutes its your consent to such OPERATING AGREEMENT, the Operating Agreement and, that upon acceptance of this SUBSCRIPTION AGREEMENT Subscription by the COMPANYus, the undersigned you will become a SHAREHOLDER member of the COMPANY Company as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT Agreement is countersigned by the COMPANYus, the OPERATING AGREEMENT shall Operating Agreement will be binding upon the undersigned you as of the settlement datedate we accept this Subscription. 2. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENT, the SHAREHOLDER hereby irrevocably subscribes for and agrees to purchase the Equity Membership Units (hereinafter referred to as the “Common Shares Shares”) of the Company (the "Purchase") in the amount of the purchase price (the "Purchase Price") set forth on the signature page to this SUBSCRIPTION AGREEMENT. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER must initially purchase at least $1,000 93.75 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 of $93.75 worth of Common Shares. c. The offering of Common Shares is described in the Offering Circular, that is available through the online website platform wxx.xxxxxxxxxxxx.xxx (the "Site"), which is owned and operated by the COMPANY, as well as on the SEC's EXXXX website. Please read this SUBSCRIPTION AGREEMENT, the Offering Circular, and the COMPANY’S Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENT”). While they are subject to change, as described below, the COMPANY advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY and to receive communications relating to the Common Shares electronically. d. The COMPANY has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENT, which, in the case of an individual, shall survive his/her death or disability and shall be binding upon the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANY, or the COMPANY otherwise determines not to consummate the transaction. f. The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT constitutes its consent to such OPERATING AGREEMENT, and, that upon acceptance of this SUBSCRIPTION AGREEMENT by the COMPANY, the undersigned will become a SHAREHOLDER of the COMPANY as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT is countersigned by the COMPANY, the OPERATING AGREEMENT shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1 Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price (the "“Purchase Price"”) set forth on the signature page to this SUBSCRIPTION AGREEMENTAgreement. b. 1.2 Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSJamestown Invest Manager, L.P., the SHAREHOLDER Company’s manager (the “Manager”), (i) if a natural person, you must initially purchase at least $1,000 worth 2,500 in Common Shares in this offering or (ii) if an entity, you must purchase at least $50,000 in Common Shares in this offering at the initial purchase and at least $2,500 at any additional purchase of Common Shares in this offering or (iii) if a self-directed retirement account, you must purchase at least $5,000 in Common Shares in this offering at the initial purchase, and at least $2,500 at any additional purchase of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 worth The offering of Common Shares. c. Shares is described in the Offering Circular that is available through the online platform jamesxxxxxxxxxx.xxx (xxx “Site”), which is owned and operated by Jamestown, L.P. (“Jamestown”), an affiliate of the Company, as well as on the SEC’s EDGAR xxbsite. Please read this SUBSCRIPTION AGREEMENTAgreement, including the Privacy Notice attached hereto as Exhibit A, the NCPS Offering Disclosure attached hereto as Exhibit B, the Offering Circular, Jamestown’s operating agreement (the “Operating Agreement”) and the COMPANY’S Operating Agreement limited partnership agreement of Jamestown Invest 1 OP, L.P. (hereinafter referred to as the “OPERATING AGREEMENTOP LPA”). While they are subject to change, as described below, the COMPANY Company advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms herein together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Jamestown Privacy Policy, consent to the Privacy Notice attached hereto as Exhibit A, consent to the NCPS Offering Disclosure attached hereto as Exhibit B, and agree to transact business with the COMPANY us and to receive communications relating to the Common Shares electronically. d. The COMPANY has 1.3 We have the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER You may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENTAgreement, which, in the case of if you are an individual, shall survive his/her death or disability and shall be binding upon your 1.4 Once you make a funding commitment for the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Purchase of Common Shares, it is irrevocable until the Common Shares are issued, the Purchase this Subscription is rejected by the COMPANYus, or the COMPANY we otherwise determines determine not to consummate the transaction. f. The undersigned has 1.5 You have received and read a copy of the COMPANY’S OPERATING AGREEMENT Operating Agreement and agrees agree that his/her/its your execution of this SUBSCRIPTION AGREEMENT Subscription constitutes its your consent to such OPERATING AGREEMENT, the Operating Agreement and, that upon acceptance of this SUBSCRIPTION AGREEMENT Subscription by the COMPANYus, the undersigned you will become a SHAREHOLDER member of the COMPANY Company as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT Agreement is countersigned by the COMPANYus, the OPERATING AGREEMENT shall Operating Agreement will be binding upon the undersigned you as of the settlement datedate we accept this Subscription. 2. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENT, the SHAREHOLDER hereby irrevocably subscribes for and agrees to purchase the Equity Membership Units (hereinafter referred to as the “Common Shares Shares) of the Company (the "Purchase") in the amount of the purchase price (the "Purchase Price") set forth on the signature page to this SUBSCRIPTION AGREEMENT. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER must initially purchase at least $1,000 100.00 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 of $100.00 worth of Common Shares. c. Please read this The offering of Common Shares is described in the Offering Circular, that is available through the online website platform www. SxxxxxxxxXxxxxXxxxxxxx.xxx (the "Site"), which is owned and operated by the COMPANY, as well as on the SEC's EXXXX website. You have received, and have had a chance to review, the SUBSCRIPTION AGREEMENT, the Offering Circular, and the COMPANY’S Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENT”). While they are subject to change, as described below, the COMPANY advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY and to receive communications relating to the Common Shares electronically. d. The COMPANY has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENT, which, in the case of an individual, shall survive his/her death or disability and shall be binding upon the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANY, or the COMPANY otherwise determines not to consummate the transaction. f. The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT constitutes its consent to such OPERATING AGREEMENT, and, that upon acceptance of this SUBSCRIPTION AGREEMENT by the COMPANY, the undersigned will become a SHAREHOLDER of the COMPANY as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT is countersigned by the COMPANY, the OPERATING AGREEMENT shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1. Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price (the "“Purchase Price"”) set forth on in the signature page to this SUBSCRIPTION AGREEMENTInvestor Questionnaire. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER 1.2. The Subscriber must initially purchase at least $1,000 worth the minimum number of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing Company pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 worth of Common Shares. c. Please read this SUBSCRIPTION AGREEMENT, process specified in the Offering Circular. If the Subscriber has satisfied the applicable minimum purchase requirement, and any additional purchase must be in amounts of at least $10 (or the COMPANY’S Operating Agreement (hereinafter referred then current offering price per share of the Common Shares). 1.3. Once a Subscriber makes a commitment to as the “OPERATING AGREEMENT”). While they are subject to change, as described belowpurchase Common Shares, the COMPANY advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY and to receive communications relating to commitment is irrevocable until the Common Shares electronicallyare issued, the Purchase is rejected by the Manager, or the Manager otherwise determines not to consummate the transaction. d. 1.4. The COMPANY Company or the Manager, acting on behalf of the Company, has the right to reject this Subscription the Subscriber’s subscription in whole or in part for any reason. The purchasing SHAREHOLDER Once the Subscriber’s subscription is accepted by the Manager, the Subscriber may not cancel, terminate or revoke the Subscriber’s subscription or this SUBSCRIPTION AGREEMENTAgreement, each of which, in the case of an individual, shall survive his/her his death or disability and shall be binding upon the SHAREHOLDERSubscriber, his/her his heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once 1.5. The Subscriber understands that the SHAREHOLDER makes an investment commitment Purchase Price is payable upon the Company’s acceptance of the Subscriber’s subscription and the Company’s execution of this Agreement. 1.6. If this Agreement is accepted by the Company, the Subscriber agrees to comply fully with the terms of the Subscriber Agreements. The Subscriber further agrees to execute any other necessary documents or instruments in connection with this subscription and the Subscriber’s purchase of the Common Shares. 1.7. If this Agreement is accepted by the Company, it the Subscriber hereby authorizes the Company to withdraw the Subscriber’s funds from the Subscriber’s account at the institution provided by the Subscriber on the Investor Questionnaire using an electronic fund transfer through the Automated Clearing House. 1.8. If, after the Agreement is irrevocable until accepted by the Company, the execution of the Purchase fails for any reason, including but not limited to failure with an Automated Clearing House electronic funds transfer from the Subscriber’s bank account listed on the Investor Questionnaire, the Company has the right to reject the subscription or require the Subscriber to pay to the Company an amount of funds equal to the Purchase Price. 1.9. In the event that this Agreement is rejected in full or the offering is terminated, any payment made by the Subscriber to the Company for the Common Shares are will be refunded to the Subscriber without interest and without deduction, and all of the obligations of the Subscriber hereunder shall terminate. To the extent that this Agreement is rejected in part, the Company shall refund to the Subscriber any payment made by the Subscriber to the Company with respect to the rejected portion of this subscription without interest and without deduction, and all of the obligations of Subscriber hereunder shall remain in full force and effect except for those obligations with respect to the rejected portion of this subscription, which shall terminate. 1.10. In the event that Subscriber is making a subsequent investment in the Company, Subscriber hereby represents and warrants that any information previously provided on Subscriber’s most recently submitted Investor Questionnaire remains accurate and complete and agrees to update the Manager in the event that any information requested on the Company’s charter becomes inaccurate or incomplete. 1.11. The Subscriber and the Company understand and agree that the Common Shares subscribed for hereunder have been duly authorized by the Company and, upon issuance and delivery against payment therefor in accordance with the Company’s charter and this Agreement, such Common Shares will be validly issued, the Purchase is rejected by the COMPANY, or the COMPANY otherwise determines not to consummate the transactionfully paid and nonassessable. f. The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT constitutes its consent to such OPERATING AGREEMENT, and, that upon acceptance of this SUBSCRIPTION AGREEMENT by the COMPANY, the undersigned will become a SHAREHOLDER of the COMPANY as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT is countersigned by the COMPANY, the OPERATING AGREEMENT shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1 Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price (the "“Purchase Price"”) set forth on the signature page to this SUBSCRIPTION AGREEMENTAgreement. b. 1.2 Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSJamestown Invest Manager, L.P., the SHAREHOLDER Company’s manager (the “Manager”), (i) if a natural person, you must initially purchase at least $1,000 worth in Common Shares in this offering or (ii) if an entity, you must purchase at least $50,000 in Common Shares in this offering at the initial purchase and at least $2,500 at any additional purchase of Common Shares in this offering or (iii) if a self-directed retirement account, you must purchase at least $5,000 in Common Shares in this offering at the initial purchase, and at least $2,500 at any additional purchase of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 worth The offering of Common Shares. c. Shares is described in the Offering Circular that is available through the online platform xxxxxxxxxxxxxxx.xxx (the “Site”), which is owned and operated by Jamestown, L.P. (“Jamestown”), an affiliate of the Company, as well as on the SEC’s XXXXX website. Please read this SUBSCRIPTION AGREEMENTAgreement, including the Privacy Notice attached hereto as Exhibit A, the NCPS Offering Disclosure attached hereto as Exhibit B, the Offering Circular, Jamestown’s operating agreement (the “Operating Agreement”) and the COMPANY’S Operating Agreement limited partnership agreement of Jamestown Invest 1 OP, L.P. (hereinafter referred to as the “OPERATING AGREEMENTOP LPA”). While they are subject to change, as described below, the COMPANY Company advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms herein together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Jamestown Privacy Policy, consent to the Privacy Notice attached hereto as Exhibit A, consent to the NCPS Offering Disclosure attached hereto as Exhibit B, and agree to transact business with the COMPANY us and to receive communications relating to the Common Shares electronically. d. The COMPANY has 1.3 We have the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER You may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENTAgreement, which, in the case of if you are an individual, shall survive his/her death or disability and shall be binding upon your Jamestown Invest 1, LLC 2 Subscription Document 1.4 Once you make a funding commitment for the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Purchase of Common Shares, it is irrevocable until the Common Shares are issued, the Purchase this Subscription is rejected by the COMPANYus, or the COMPANY we otherwise determines determine not to consummate the transaction. f. The undersigned has 1.5 You have received and read a copy of the COMPANY’S OPERATING AGREEMENT Operating Agreement and agrees agree that his/her/its your execution of this SUBSCRIPTION AGREEMENT Subscription constitutes its your consent to such OPERATING AGREEMENT, the Operating Agreement and, that upon acceptance of this SUBSCRIPTION AGREEMENT Subscription by the COMPANYus, the undersigned you will become a SHAREHOLDER member of the COMPANY Company as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT Agreement is countersigned by the COMPANYus, the OPERATING AGREEMENT shall Operating Agreement will be binding upon the undersigned you as of the settlement datedate we accept this Subscription. 2. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1 Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price net asset value per Common Share next determined after the subscription is received in good order and accepted as set forth in this Agreement (the "“Purchase Price") set forth on ”). A Purchase is in good order when the signature page Fund receives all required information, including properly completed and signed documents, the Fund has confidence that the funds necessary to this SUBSCRIPTION AGREEMENTsatisfy the full Purchase Price will settle with the Fund, and the Purchase is approved by the Fund’s investment adviser, Fundrise Advisors, LLC (“Fundrise Advisors”). b. 1.2 Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSFundrise Advisors, the SHAREHOLDER Subscriber must initially purchase at least $1,000 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSShares. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS our adviser or on additional purchases once the SHAREHOLDER Subscriber has purchased the requisite minimum of$1,000 of $1,000 worth of Common Shares. c. 1.3 The offering of Common Shares is described in the Prospectus and SAI, each of which is available through the online website platform xxx.xxxxxxxx.xxx (the “Site” or the “Fundrise Platform”), which is owned and operated by Fundrise, LLC, an affiliated entity of Fundrise Advisors, as well as on the SEC’s XXXXX website. Please read this SUBSCRIPTION AGREEMENTAgreement, the Offering CircularProspectus, the SAI and the COMPANY’S Operating Agreement Fund’s Limited Liability Company Agreement, as may be amended and/or restated to date (hereinafter referred to as the “OPERATING AGREEMENTOperating Agreement”). While they are subject to change, as described below, the COMPANY Fund advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Fundrise, LLC’s Privacy Policy, and agree to transact business with the COMPANY us and to receive communications relating to the Common Shares electronically. d. 1.4 The COMPANY Fund has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER Subscriber may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENTAgreement, which, in the case of an individual, shall survive his/her his death or disability and shall be binding upon the SHAREHOLDERSubscriber, his/her his heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. 1.5 Once the SHAREHOLDER makes an investment you make a funding commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANYFund, or the COMPANY Fund otherwise determines not to consummate the transaction. f. 1.6 The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT Fund’s Operating Agreement and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT Subscription Agreement constitutes its consent to such OPERATING AGREEMENTOperating Agreement, and, that upon acceptance of this SUBSCRIPTION AGREEMENT Subscription Agreement by the COMPANYFund, the undersigned will become a SHAREHOLDER member of the COMPANY Fund as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT Subscription Agreement is countersigned by the COMPANYFund, the OPERATING AGREEMENT Operating Agreement shall be binding upon the undersigned as of the settlement date. g. 1.7 The undersigned has carefully reviewed the arbitration notice as detailed above in set forth on the first page of this SUBSCRIPTION AGREEMENTAgreement, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” Agreement, and the arbitration risk factor disclosures of disclosure in the Offering CircularProspectus and SAI. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award arbitration award is not required to include factual findings or legal reasoning and any party's ’s right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1 Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price net asset value per Common Share next determined after the subscription is received in good order and accepted as set forth in this Agreement (the "“Purchase Price") set forth on ”). A Purchase is in good order when the signature page Fund receives all required information, including properly completed and signed documents, the Fund has confidence that the funds necessary to this SUBSCRIPTION AGREEMENTsatisfy the full Purchase Price will settle with the Fund, and the Purchase is approved by the Fund’s investment adviser, Fundrise Advisors, LLC (“Fundrise Advisors”). b. 1.2 Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSFundrise Advisors, the SHAREHOLDER Subscriber must initially purchase at least $1,000 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSShares. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS our adviser or on additional purchases once the SHAREHOLDER Subscriber has purchased the requisite minimum of$1,000 of $1,000 worth of Common Shares. c. 1.3 The offering of Common Shares is described in the Prospectus and SAI, each of which is available through the online website platform xxx.xxxxxxxx.xxx (the “Site” or the “Fundrise Platform”), which is owned and operated by Fundrise, LLC, an affiliated entity of Fundrise Advisors, as well as on the SEC’s XXXXX website. Please read this SUBSCRIPTION AGREEMENTAgreement, the Offering CircularProspectus, the SAI and the COMPANY’S Fund’s Limited Liability Company Operating Agreement Agreement, as may be amended and/or restated to date (hereinafter referred to as the “OPERATING AGREEMENTOperating Agreement”). While they are subject to change, as described below, the COMPANY Fund advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Fundrise, LLC’s Privacy Policy, and agree to transact business with the COMPANY us and to receive communications relating to the Common Shares electronically. d. 1.4 The COMPANY Fund has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER Subscriber may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENTAgreement, which, in the case of an individual, shall survive his/her his death or disability and shall be binding upon the SHAREHOLDERSubscriber, his/her his heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. 1.5 Once the SHAREHOLDER makes an investment you make a funding commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANYFund, or the COMPANY Fund otherwise determines not to consummate the transaction. f. 1.6 The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT Fund’s Operating Agreement and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT Subscription Agreement constitutes its consent to such OPERATING AGREEMENTOperating Agreement, and, that upon acceptance of this SUBSCRIPTION AGREEMENT Subscription Agreement by the COMPANYFund, the undersigned will become a SHAREHOLDER member of the COMPANY Fund as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT Subscription Agreement is countersigned by the COMPANYFund, the OPERATING AGREEMENT Operating Agreement shall be binding upon the undersigned as of the settlement date. g. 1.7 The undersigned has carefully reviewed the arbitration notice as detailed above in set forth on the first page of this SUBSCRIPTION AGREEMENTAgreement, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” Agreement, and the arbitration risk factor disclosures of disclosure in the Offering CircularProspectus and SAI. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award arbitration award is not required to include factual findings or legal reasoning and any party's ’s right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENT, the SHAREHOLDER hereby irrevocably subscribes for and agrees to purchase the Equity Membership Units (hereinafter referred to as the “Common Shares Shares) of the Company (the "Purchase") in the amount of the purchase price (the "Purchase Price") set forth on the signature page to this SUBSCRIPTION AGREEMENT. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER must initially purchase at least $1,000 10.00 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 of $10.00 worth of Common Shares. c. Please read this The offering of Common Shares is described in the Offering Circular, that is available through the online website platform wxx.XxxxxxxXxxxXxxxxxxxxxx.xxx (the "Site"), which is owned and operated by the COMPANY, as well as on the SEC's EXXXX website. You have received, and have had a chance to review, the SUBSCRIPTION AGREEMENT, the Offering Circular, and the COMPANY’S Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENT”). While they are subject to change, as described below, the COMPANY advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY and to receive communications relating to the Common Shares electronically. d. The COMPANY has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENT, which, in the case of an individual, shall survive his/her death or disability and shall be binding upon the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANY, or the COMPANY otherwise determines not to consummate the transaction. f. The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT constitutes its consent to such OPERATING AGREEMENT, and, that upon acceptance of this SUBSCRIPTION AGREEMENT by the COMPANY, the undersigned will become a SHAREHOLDER of the COMPANY as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT is countersigned by the COMPANY, the OPERATING AGREEMENT shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENT, the SHAREHOLDER hereby irrevocably subscribes for and agrees to purchase the Equity Membership Units (hereinafter referred to as the “Common Shares Shares) of the Company (the "Purchase") in the amount of the purchase price (the "Purchase Price") set forth on the signature page to this SUBSCRIPTION AGREEMENT. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER must initially purchase at least $1,000 10.00 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 of $10.00 worth of Common Shares. c. The offering of Common Shares is described in the Offering Circular, that is available through the online website platform wxx.XxxxxxxXxxxXxxxxxxxxxx.xxx (the "Site"), which is owned and operated by the COMPANY, as well as on the SEC's EXXXX website. Please read this SUBSCRIPTION AGREEMENT, the Offering Circular, and the COMPANY’S Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENT”). While they are subject to change, as described below, the COMPANY advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY and to receive communications relating to the Common Shares electronically. d. The COMPANY has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENT, which, in the case of an individual, shall survive his/her death or disability and shall be binding upon the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANY, or the COMPANY otherwise determines not to consummate the transaction. f. The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT constitutes its consent to such OPERATING AGREEMENT, and, that upon acceptance of this SUBSCRIPTION AGREEMENT by the COMPANY, the undersigned will become a SHAREHOLDER of the COMPANY as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT is countersigned by the COMPANY, the OPERATING AGREEMENT shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. 1.1 Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENTAgreement, the SHAREHOLDER Subscriber hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "“Purchase"”) in the amount of the purchase price (the "“Purchase Price"”) set forth on the signature page to this SUBSCRIPTION AGREEMENTAgreement. b. 1.2 Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSGroundfloor Advisors, LLC, Groundfloor’s manager (our “Manager”), the SHAREHOLDER Subscriber must initially purchase at least $1,000 100 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORSour Manager. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS our Manager or on additional purchases once the SHAREHOLDER Subscriber has purchased the requisite minimum of$1,000 of $100 worth of Common Shares. c. 1.3 The offering of Common Shares is described in the Offering Circular, that is available through the online website platform xxx.xxxxxxxxxxx.xxx (the “Site”), which is owned and operated by Groundfloor Finance Inc., an affiliated entity of Groundfloor, as well as on the SEC’s XXXXX website. Please read this SUBSCRIPTION AGREEMENTAgreement, the Offering Circular, and the COMPANY’S Groundfloor’s Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENTOperating Agreement”). While they are subject to change, as described below, the COMPANY Groundfloor advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Groundfloor Finance Inc.’s Privacy Policy, and agree to transact business with the COMPANY us and to receive communications relating to the Common Shares electronically. d. The COMPANY 1.4 Groundfloor has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER Subscriber may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENTAgreement, which, in the case of an individual, shall survive his/her his death or disability and shall be binding upon the SHAREHOLDERSubscriber, his/her his heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. 1.5 Once the SHAREHOLDER makes an investment you make a funding commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANYGroundfloor, or the COMPANY Groundfloor otherwise determines not to consummate the transaction. f. 1.6 The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT Operating Agreement and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT Subscription Agreement constitutes its consent to such OPERATING AGREEMENTOperating Agreement, and, that upon acceptance of this SUBSCRIPTION AGREEMENT Subscription Agreement by the COMPANYGroundfloor, the undersigned will become a SHAREHOLDER member of the COMPANY Groundfloor as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT Subscription Agreement is countersigned by the COMPANYour Company, the OPERATING AGREEMENT Operating Agreement shall be binding upon the undersigned as of the settlement date. g. 1.7 The undersigned has carefully reviewed the arbitration notice as detailed above in set forth on the first page of this SUBSCRIPTION AGREEMENTAgreement, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” Agreement, and the arbitration risk factor disclosures disclosure on page 25 of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's ’s right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.

Subscription for and Purchase of the Common Shares. a. Subject to the express terms and conditions of this SUBSCRIPTION AGREEMENT, the SHAREHOLDER hereby irrevocably subscribes for and agrees to purchase the Common Shares (the "Purchase") in the amount of the purchase price (the "Purchase Price") set forth on the signature page to this SUBSCRIPTION AGREEMENT. b. Unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS, the SHAREHOLDER must initially purchase at least $1,000 worth of Common Shares in this offering, unless subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS. There are no minimum subscription requirements when subscribing pursuant to a plan established by the COMPANY’S MANAGING MEMBER or BOARD OF DIRECTORS or on additional purchases once the SHAREHOLDER has purchased the requisite minimum of$1,000 worth of Common Shares. c. The offering of Common Shares is described in the Offering Circular, that is available through the online website platform wxx.XxxXxxxxxxxxxxXXXX.xxx (the "Site"), which is owned and operated by the COMPANY, as well as on the SEC's EXXXX website. Please read this SUBSCRIPTION AGREEMENT, the Offering Circular, and the COMPANY’S Operating Agreement (hereinafter referred to as the “OPERATING AGREEMENT”). While they are subject to change, as described below, the COMPANY advises you to print and retain a copy of these documents for your records. By signing electronically below, you agree to the following terms together with the Terms and Conditions and the Terms of Use, consent to the COMPANY’S Privacy Policy, and agree to transact business with the COMPANY and to receive communications relating to the Common Shares electronically. d. The COMPANY has the right to reject this Subscription in whole or in part for any reason. The purchasing SHAREHOLDER may not cancel, terminate or revoke this SUBSCRIPTION AGREEMENT, which, in the case of an individual, shall survive his/her death or disability and shall be binding upon the SHAREHOLDER, his/her heirs, trustees, beneficiaries, executors, personal or legal administrators or representatives, successors, transferees and assigns. e. Once the SHAREHOLDER makes an investment commitment to purchase Common Shares, it is irrevocable until the Common Shares are issued, the Purchase is rejected by the COMPANY, or the COMPANY otherwise determines not to consummate the transaction. f. The undersigned has received and read a copy of the COMPANY’S OPERATING AGREEMENT and agrees that his/her/its execution of this SUBSCRIPTION AGREEMENT constitutes its consent to such OPERATING AGREEMENT, and, that upon acceptance of this SUBSCRIPTION AGREEMENT by the COMPANY, the undersigned will become a SHAREHOLDER of the COMPANY as a holder of Common Shares. When this SUBSCRIPTION AGREEMENT is countersigned by the COMPANY, the OPERATING AGREEMENT shall be binding upon the undersigned as of the settlement date. g. The undersigned has carefully reviewed the arbitration notice as detailed above in this SUBSCRIPTION AGREEMENT, Section 13 of this SUBSCRIPTION AGREEMENT titled “Arbitration,” and the arbitration risk factor disclosures of the Offering Circular. The undersigned hereby acknowledges, understands, and agrees that: (a) arbitration is final and binding on the parties; (b) the parties are waiving their right to seek remedies in court, including the right to jury trial; (c) pre-arbitration discovery is generally more limited than and potentially different in form and scope from court proceedings; (d) the Arbitration Award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of a ruling by the arbitrators is strictly limited; and (e) the panel of arbitrators may include a minority of persons engaged in the securities industry. Such arbitration provision limits the rights of an investor to some legal remedies and rights otherwise available.