Token Holder Rights

This document sets out what you receive when you hold OpenHouse property tokens.

---

What You Hold

Each token is an ERC-20 token on Base blockchain. It represents a contractual right to economic benefits from a specific UK property.

Tokens are not shares. You do not own part of the property or part of the SPV. You hold a contractual claim to income and appreciation.

Economic Rights

As a token holder, you are entitled to:

Rental income. Your pro-rata share of monthly net rental income, paid in USDC directly to your wallet.

Capital appreciation. Your pro-rata share of net proceeds if the property is sold.

These are contractual obligations from OpenHouse to you.

What You Do Not Hold

You do not have:

• Legal ownership of the property

• Shares in the SPV

• Voting rights on property decisions

• Governance rights over OpenHouse

The SPV owns the property. OpenHouse owns the SPV. Your token gives you economic rights, not control.

How Rights Are Enforced

Your rights exist through a contractual relationship with OpenHouse Technologies LTD. If OpenHouse fails to meet its obligations, your recourse is against OpenHouse under English law.

The token is your proof of entitlement. Ownership is recorded on-chain and in OpenHouse's database.

Governing Documents

Your rights are governed by:

• These Token Holder Rights

• The OpenHouse Terms of Service

• The Synthetic Share Terms (during synthetic phase)