Common use of Internalization of the Advisor Clause in Contracts

Internalization of the Advisor. The Company shall consider becoming a self-administered REIT once the Company's assets and income are, in the view of the Board of Directors, including a majority of the Independent Directors, of sufficient size such that internalizing the management functions by the Advisor and the Property Manager is in the best interests of the Stockholders. The compensation payable to the Advisor upon such internalization shall be agreed upon by a special committee comprised of all of the Independent Directors (the "Special Committee") and the Advisor. In determining such compensation, the Special Committee will be authorized to engage its own independent financial advisor and legal counsel and will consider factors including, but not limited to, the Advisor's performance compared to the performance of other advisors for similar entities that the special committee believes are relevent in making the determination, any available valuations for such advisors and independent legal and financial advice.

Internalization of the Advisor. The Company shall consider becoming a self-administered REIT once the Company's ’s assets and income are, in the view of the Board of Directors, including a majority of the Independent Directors, of sufficient size such that internalizing the management functions by the Advisor and the Property Manager is in the best interests of the Stockholders. The compensation payable to the Advisor upon such internalization shall be agreed upon by a special committee comprised of all of the Independent Directors (the "“Special Committee"”) and the Advisor. In determining such compensation, the Special Committee will be authorized to engage its own independent financial advisor and legal counsel and will consider factors including, but not limited to, the Advisor's ’s performance compared to the performance of other advisors for similar entities that the special committee believes are relevent relevant in making the determination, any available valuations for such advisors and independent legal and financial advice.