Agent Program (AEP) Plan Disclosures eXp World Holdings, Inc. (fka eXp Realty International ) (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 common 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 the 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 , as determined by the closing market price of the Company's common stock on the last day of trading of the month. Issuance Date - Shares under the Program shall be issued on the last trading day of the month during which the closing of any transaction from which a Shares for Payment has been authorized results in an accumulated Shares for Payment of not less than $250.00 USD (each “Issue Date”). Custody of Shares - Shares issued through the Program will be issued to the individual agent and corresponding tax ID and will be held in the individual agent’s Shareworks account, the online platform used to manage eXp’s stock plans. To access your Shareworks account, log-in from your dashboard in Enterprise or directly through the Shareworks platform or app using your passport credentials.

Issuances prior to November 1, 2019 are held by the Company’s Transfer Agent, Broadridge. To access shares at Broadridge, visit eXp’s Portal.

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 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”) to [email protected]. As of the cancellation date, accumulated contributions less than $250 USD will be refunded to the agent, and accumulated contributions $250 or greater will be used to purchase shares on the following issuance date. The Agent Equity Program is subject to modification or termination at the disclosure of the Company’s .