X0306 4 2014-06-10 0 0001571776 Cherry Hill Mortgage Investment Corp CHMI 0001576644 Lown Jay 301 HARPER DRIVE, SUITE 110 MOORESTOWN NJ 08057 1 1 0 0 President and CIO LTIP Units 2014-06-10 4 A 0 7000 A Common Stock 7000 15750 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 June 10, 2015, 2016 and 2017, and have no expiration date. /s/ Jeffrey Lown II 2014-06-11