Tremont Mortgage Trust Watch

from 10-K 7 pages Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934

from S-11/A 2 pages Xxxxxx Xxxxxx Common Shares $0.01 Par Value Per Share Common Shares $0.01 Par Value Per Share See Reverse for Important Notice on Transfer Restrictions and Other Information a Maryland Real Estate Investment Trust Fully Paid and Non-Assessable Common Shares of Beneficial Interest in Tremont Mortgage Trust a Maryland Real Estate Investment Trust (The “Trcust”), Otransfemrable Onmthe Boooks Ofnthe Trust by the Holder Hereof in Person or by Its Duly Authorized Attorney Upon Surrender of This Certificate Properly Endorsed. This Certificate and the Shares Evidenced Hereby Are Issued and Shall Be Held Subject to All of the Provisions of the Declaration of Trust and Bylaws of the Trust Each as in Effect From Time to Time. the Holder of This Certificate and Every Transferee or Assignee Hereof by Accepting or Holding the Same Agrees to Be Bound by All of the Provisions of the Declaration of Trust and Bylaws of the Trust, Each as in Effect From Time to Time. This Certificate Is Not Valid Unless Countersigned and Registered by the Transfer Agent and Registrar. in Witness Whereof, the Trust Has Caused This Certificate to Be Executed on Its Behalf by Its Duly Authorized Officers. Dated: Chief Executive Officer Chief Financial Officer and Treasurer the Declaration of Trust Provides That No Trustee, Shareholder, Employee or Agent of the Trust Shall Be Held to Any Personal Liability, Jointly or Severally, in Connection With This Instrument. All Persons Dealing With the Trust in Any Way Shall Look Only to the Assets of the Trust for Payment of Any Sum or Performance of Any Obligation. American Financial Printing Incorporated – Minneapolis Countersigned and Registered: Wells Fargo Bank, N.A. Transfer Agent and Registrar by Authorized Signature This Certifies That Is the Registered Holder Ofx X X X X X Cusip 894789 10 6