Common use of INITIAL INVESTMENT Clause in Contracts

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