Common use of Distribution and Stockholder Servicing Fee Clause in Contracts

Distribution and Stockholder Servicing Fee. Except as may be provided in the “Plan of Distribution” section of the Prospectus, which may be amended and supplemented from time to time, the Dealer Manager may agree to reallow to the Broker, as compensation for the sale of Shares in the Offering and for ongoing shareholder services rendered, all or a portion of the annual distribution and stockholder servicing fee received by the Dealer Manager as described in the Dealer Manager Agreement and the Prospectus with respect to the Class T Shares and/or the Class I Shares sold in the Primary Offering by the Broker during the term of this Agreement if the Broker has elected to sell Class T Shares or Class I Shares, as applicable, and has executed the addendum to this Agreement attached as Schedule I to this Agreement, which sets forth the terms and conditions of the Dealer Manager’s reallowance of the distribution and stockholder servicing fee to Broker. The annual distribution and stockholder servicing fee will be based the then-current Primary Offering price (or, in certain cases described in the Prospectus, the amount of the estimated net asset value per Share) per Class T Share and Class I Share. The Broker shall not receive reallowance of distribution and stockholder servicing fees for sales of Class T or Class I Shares pursuant to the Distribution Reinvestment Plan, or for sales of any Class A Shares in the Primary Offering or pursuant to the Distribution Reinvestment Plan.

Distribution and Stockholder Servicing Fee. Except as may be provided in the “Plan of Distribution” section of the Prospectus, which may be amended and supplemented from time to time, the Dealer Manager may agree to reallow to the Broker, as compensation for the sale of Shares in the Offering and for ongoing shareholder services rendered, all or a portion of the annual distribution and stockholder servicing fee received by the Dealer Manager as described in the Dealer Manager Agreement and the Prospectus with respect to the Class T Shares and/or the Class I Shares sold in the Primary Offering by the Broker during the term of this Agreement if the Broker has elected to sell Class T Shares or Class I Shares, as applicable, and has executed the addendum to this Agreement attached as Schedule I to this Agreement, which sets forth the terms and conditions of the Dealer Manager’s reallowance of the distribution and stockholder servicing fee to Broker. The annual distribution and stockholder servicing fee will be based the then-current Primary Offering price (or, in certain cases described in the Prospectus, the amount of the estimated net asset value per Share) per Class T Share and Class I Share. The Broker shall not receive reallowance of distribution and stockholder servicing fees for sales of Class T or Class I Shares pursuant to the Distribution Reinvestment Plan, or for sales of any Class A Shares in the Primary Offering or pursuant to the Distribution Reinvestment Plan.T