NRI Real Token Thesis LLC - Apr 15, 2022 Form 3 Insider Report for NRI Real Token Inc. (NONE)

Role: 10%+ Owner
Signature: /s/ Brent Reynolds, authorized signatory
Stock symbol: NONE
Transactions as of: Apr 15, 2022
Transactions value $: $0
Form type: 3
Date filed: 5/2/2022, 03:52 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	NONE	Convertible Operating Partnership Units							Apr 15, 2022	Common Stock, $0.01 par value per share	5.03M		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 5,028,549 Convertible Operating Partnership Units ("OP Units") of NRI Real Token LP, a Delaware limited partnership, held by the Reporting Person. The OP Units are convertible into shares of common stock of NRI Real Token Inc. at the option of the Reporting Person, subject to certain limitations. The sole manager of the Sponsor is NRI Real Token Advisors LLC. The sole member and manager of NRI Real Token Advisors LLC is Nolan Reynolds International, LLC. Nolan Reynolds International, LLC is managed by Nolan Company, LLC and Design Development Investments, LLC. Nolan Reynolds International, LLC is managed by Nolan Company, LLC and Design Development Investments, LLC. Mr. Charles Nolan, Jr. and Mr. Brent Reynolds are the managers of Nolan Company, LLC and Design Development Investments, LLC, respectively. As a result, each of the foregoing entities and persons may be deemed to share voting and investment power over the shares held directly by the Reporting Person, but disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Content

Represents 5,028,549 Convertible Operating Partnership Units ("OP Units") of NRI Real Token LP, a Delaware limited partnership, held by the Reporting Person. The OP Units are convertible into shares of common stock of NRI Real Token Inc. at the option of the Reporting Person, subject to certain limitations. The sole manager of the Sponsor is NRI Real Token Advisors LLC. The sole member and manager of NRI Real Token Advisors LLC is Nolan Reynolds International, LLC. Nolan Reynolds International, LLC is managed by Nolan Company, LLC and Design Development Investments, LLC. Nolan Reynolds International, LLC is managed by Nolan Company, LLC and Design Development Investments, LLC. Mr. Charles Nolan, Jr. and Mr. Brent Reynolds are the managers of Nolan Company, LLC and Design Development Investments, LLC, respectively. As a result, each of the foregoing entities and persons may be deemed to share voting and investment power over the shares held directly by the Reporting Person, but disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.