Agent Equity Program Disclosure

eXp World Holdings, Inc. (fka eXp Realty International Corporation) (the “Company”) has previously approved the 2015 Equity Incentive Plan and, pursuant to it, has authorized creation of the 2015 Agent Equity Program (the “Program”) to be administered in the Board’s discretion, and pursuant to which the Company may issue shares of the Company’s restricted common stock to the Company’s agents and brokers (“Participants”) as payment of 5% of their commission compensation earned by Participants.

Eligibility – All agents and brokers in good standing with the Company are eligible to participate in the Program.

Issuance of Shares As Payment of Commission – Participants, by submitting this Form of Election authorize the Company to set aside five percent (5%) of Agent Net Commission (after splits and fees) (“Shares for Payment”) on transactions which close in their name, commencing with transactions closing on May 1, 2015 (“Program Effective Date”).

Price of Issued Shares – The price for shares issued under the Program shall be at a 20% discount to the fair market value of the Company’s common stock, as determined by the average closing market price of the Company’s common stock in the 30 trading days preceding the issuance date and, in no event, shall be less than $0.30 per share.

Issuance Date – Shares under the Program shall be issued on the last trading day of the month during which the closing on the sales of any properties from which a Shares for Payment has been authorized results in an accumulated Shares for Payment of not less than $250.00 USD (each a “Issue Date”).

Custody of Shares – All shares issued under the Program shall be held by the Company’s Transfer Agent, Island Stock Transfer (“Transfer Agent”), in Book Entry Form until such time that Participant instructs the Transfer Agent to issue the Shares in alternate form.

Associated Costs – Ownership of Shares issued under the Program may come with associated costs imposed by third parties, including but not limited to fees associated with Restrictive Legend Removal and opinions needed therefor, Transfer Agent fees, and fees that may be imposed by the stock broker of Participant’s choosing or others.

Vesting – All shares issued under the Program shall vest immediately in the name of the Participant.

Cancellation of Participation – Any Participant may cancel his or her participation in the program by providing email notification of cancellation (“Cancellation Notice”) not less than 30 calendar days prior to the next scheduled Issue Date. In order to be effective, Cancellation Notices must be sent to agentservices@exprealty.com.

Modification or Termination – The Program is subject to modification or termination at the discretion of the Company’s Board of Directors.