X0306 4 2015-09-10 0 0001571776 Cherry Hill Mortgage Investment Corp CHMI 0001576651 Levine Martin 301 HARPER DRIVE, SUITE 110 MOORESTOWN NJ 08057 0 1 0 0 Chief Financial Officer LTIP Units 2015-09-10 4 A 0 4250 A Common Stock 4250 14250 D Represents units of limited partnership interests ("LTIP Units") in Cherry Hill Operating Partnership, L.P. (the "Operating Partnership") of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the common units of limited partnership interest in the Operating Partnership pursuant to the terms of the partnership agreement, may be exchanged at any time for cash (as described in the partnership agreement) or, at the election of the Issuer, for shares of common stock on a one-for-one basis. The LTIP Units will vest ratably and become nonforfeitable, subject to the reporting person's continued service to the Issuer, the external manager, Cherry Hill Mortgage Management, LLC or its affiliate, on September 10, 2016, 2017 and 2018, and have no expiration date. /s/ Martin Levine 2015-09-10