Common use of INITIAL INVESTMENT Clause in Contracts

INITIAL INVESTMENT. The Advisor has contributed to the Company $200,000 in exchange for 20,000 Equity Shares (the "Initial Investment"). The Advisor may not sell these shares while the Advisory Agreement is in effect, although the Advisor may transfer such shares to Affiliates. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the removal of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

INITIAL INVESTMENT. The Advisor has contributed to the Company $200,000 in exchange for 20,000 Equity Shares (the "Initial Investment"). The Advisor or its Affiliates may not sell these shares while any of the Advisory Agreement is in effect, although Shares purchased with the Advisor may transfer such shares to AffiliatesInitial Investment during the term of this Agreement. The restrictions included above shall not continue to apply to any Equity Shares, Shares other than the Equity Shares Share acquired through the Initial Investment, Investment acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, owns or hereafter acquires, acquires in any vote for the removal election of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

INITIAL INVESTMENT. The Advisor has contributed made a capital contribution of $200,000 to the Company $200,000 Corporation in exchange for 20,000 Equity Shares (the "Initial Investment")Shares. The Advisor may not sell these shares any of such Shares while the Advisory Agreement is Advisor acts in effectsuch advisory capacity to the Corporation, although provided, that such Shares may be transferred to Affiliates of the Advisor may transfer such shares to AffiliatesAdvisor. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, Securities acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the election of Directors, the removal of Directors the Advisor, or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

INITIAL INVESTMENT. The An Affiliate of the Advisor has contributed to the Company $200,000 25,500 in exchange for 20,000 1,700 Equity Shares (the "“Initial Investment"”). The Advisor or its Affiliate may not sell these shares while the Advisory this Agreement is in effect, although the Advisor or its Affiliate may transfer such shares to Affiliatesthe Advisor or another Affiliate. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, acquired by the Advisor or its Affiliates. The Advisor or its Affiliate shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the removal of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

INITIAL INVESTMENT. The Advisor has contributed to the Company $200,000 in exchange for 20,000 Equity Shares (the "“Initial Investment"”). The Advisor may not sell these shares Equity Shares while the Advisory Agreement is in effect, although the Advisor may transfer such shares Equity Shares to Affiliates. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the removal of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

INITIAL INVESTMENT. The Advisor has contributed to the Company $200,000 in exchange for 20,000 Equity Shares (the "Initial Investment"). The Advisor may not sell these shares Equity Shares while the Advisory Agreement is in effect, although the Advisor may transfer such shares Equity Shares to Affiliates. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the removal of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

INITIAL INVESTMENT. The Advisor has contributed to the Company $200,000 in exchange for 20,000 Equity Shares (the "“Initial Investment"”). The Advisor may not sell these shares while the Advisory Agreement is in effect, although the Advisor may transfer such shares to Affiliates. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the removal of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

INITIAL INVESTMENT. The Advisor has contributed made a capital contribution of $200,000 to the Company $200,000 Trust in exchange for 20,000 Equity Shares (the "Initial Investment")Shares. The Advisor may not sell these shares any of such Shares while the Advisory Agreement is Advisor acts in effectsuch advisory capacity to the Trust, although provided, that such Shares may be transferred to Affiliates of the Advisor may transfer such shares to AffiliatesAdvisor. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, Securities acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the election of Trustees, the removal of Directors the Advisor, or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.. ​

INITIAL INVESTMENT. The Advisor has contributed made a capital contribution of $200,000 to the Company $200,000 Corporation in exchange for 20,000 Equity Shares (the "Initial Investment")Shares. The Advisor may not sell these shares any of such Shares while the Advisory Agreement is Advisor acts in effectsuch advisory capacity to the Corporation, although provided, that such Shares may be transferred to Affiliates of the Advisor may transfer such shares to AffiliatesAdvisor. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, Securities acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the election of Directors, the removal of Directors the Advisor, or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.. ​ ​ ​ ​