Common use of Private Placement Offering Clause in Contracts

Private Placement Offering. The Subscriber acknowledges that the Units subscribed for hereunder are part of an unlimited offering by the REIT in all provinces and territories of Canada in reliance on the exemptions from the applicable prospectus requirements provided by section 2.3 and section 2.5 (other than in Ontario) of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) and in the Province of Ontario in reliance on equivalent (or substantially equivalent) exemptions contained in the Securities Act (Ontario), as applicable, and in such other jurisdictions as the REIT may determine in reliance upon applicable exemptions from the prospectus, registration and similar requirements of applicable securities laws (collectively, the “Offering”). The Subscriber must purchase a minimum of $5,000 of Units, unless otherwise agreed to by the REIT. The Subscriber acknowledges that a Closing may occur with respect to this Subscription Agreement immediately or at any time after the acceptance of this Subscription Agreement by the REIT and the delivery of all required documents by the Subscriber to the REIT.

Private Placement Offering. The Subscriber acknowledges that the Units subscribed for hereunder are part of an unlimited offering by the REIT Fund in all provinces and territories of Canada in reliance on the exemptions from the applicable prospectus requirements provided by section 2.3 and section 2.5 (other than in Ontario) of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) and in the Province of Ontario in reliance on equivalent (or substantially equivalent) exemptions contained in the Securities Act (Ontario), as applicable, and in such other jurisdictions as the REIT Fund may determine in reliance upon applicable exemptions from the prospectus, registration and similar requirements of applicable securities laws (collectively, the “Offering”). The Subscriber must purchase a minimum of $5,000 of Units, unless otherwise agreed to by the REITFund. The Subscriber acknowledges that a Closing may occur with respect to this Subscription Agreement immediately or at any time after the acceptance of this Subscription Agreement by the REIT Fund and the delivery of all required documents by the Subscriber to the REITFund.

Private Placement Offering. The Subscriber acknowledges that the Units subscribed for hereunder are part of an unlimited offering by the REIT Fund in all provinces and territories of Canada in reliance on the exemptions from the applicable prospectus requirements provided by section 2.3 and section 2.5 (other than in Ontario) of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) and in the Province of Ontario in reliance on equivalent (or substantially equivalent) exemptions contained in the Securities Act (Ontario), as applicable, and in such other jurisdictions as the REIT Fund may determine in reliance upon applicable exemptions from the prospectus, registration and similar requirements of applicable securities laws (collectively, the “Offering”). The Subscriber must purchase a minimum of $5,000 25,000 of Units, unless otherwise agreed to by the REITFund. The Subscriber acknowledges that a Closing may occur with respect to this Subscription Agreement immediately or at any time after the acceptance of this Subscription Agreement by the REIT Fund and the delivery of all required documents by the Subscriber to the REITFund.

Private Placement Offering. The Subscriber acknowledges that the Units subscribed for hereunder are part of an unlimited offering by the REIT in all provinces and territories of Canada in reliance on the exemptions from the applicable prospectus requirements provided by section 2.3 and 2.3, section 2.5 (other than in Ontario) and section 2.9 (only British Columbia) of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) and in the Province of Ontario in reliance on equivalent (or substantially equivalent) exemptions contained in the Securities Act (Ontario), as applicable, and in such other jurisdictions as the REIT may determine in reliance upon applicable exemptions from the prospectus, registration and similar requirements of applicable securities laws (collectively, the “Offering”). The Subscriber must purchase a minimum of $5,000 of Units, unless otherwise agreed to by the REIT. The Subscriber acknowledges that a Closing may occur with respect to this Subscription Agreement immediately or at any time after the acceptance of this Subscription Agreement by the REIT and the delivery of all required documents by the Subscriber to the REIT.

Private Placement Offering. The Subscriber acknowledges that the Units subscribed for hereunder are part of an unlimited offering by the REIT Fund in all provinces and territories of Canada in reliance on the exemptions from the applicable prospectus requirements provided by section 2.3 and 2.3, section 2.5 (other than in Ontario) and section 2.9 (only British Columbia) of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) and in the Province of Ontario in reliance on equivalent (or substantially equivalent) exemptions contained in the Securities Act (Ontario), as applicable, and in such other jurisdictions as the REIT Fund may determine in reliance upon applicable exemptions from the prospectus, registration and similar requirements of applicable securities laws (collectively, the “Offering”). The Subscriber must purchase a minimum of $5,000 of Units, unless otherwise agreed to by the REITFund. The Subscriber acknowledges that a Closing may occur with respect to this Subscription Agreement immediately or at any time after the acceptance of this Subscription Agreement by the REIT Fund and the delivery of all required documents by the Subscriber to the REITFund.

Private Placement Offering. The Subscriber acknowledges that the Units subscribed for hereunder are part of an unlimited offering by the REIT in all provinces and territories of Canada in reliance on the exemptions from the applicable prospectus requirements provided by section 2.3 and 2.3, section 2.5 (other than in Ontario) and section 2.9 (only in British Columbia) of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) and in the Province of Ontario in reliance on equivalent (or substantially equivalent) exemptions contained in the Securities Act (Ontario), as applicable, and in such other jurisdictions as the REIT may determine in reliance upon applicable exemptions from the prospectus, registration and similar requirements of applicable securities laws (collectively, the “Offering”). The Subscriber must purchase a minimum of $5,000 25,000 of Units, unless otherwise agreed to by the REIT. The Subscriber acknowledges that a Closing may occur with respect to this Subscription Agreement immediately or at any time after the acceptance of this Subscription Agreement by the REIT and the delivery of all required documents by the Subscriber to the REIT.

Private Placement Offering. The Subscriber acknowledges that the Units subscribed for hereunder are part of an unlimited offering by the REIT in all provinces and territories of Canada in reliance on the exemptions from the applicable prospectus requirements provided by section 2.3 and section 2.5 (other than in Ontario) of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) and in the Province of Ontario in reliance on equivalent (or substantially equivalent) exemptions contained in the Securities Act (Ontario), as applicable, and in such other jurisdictions as the REIT may determine in reliance upon applicable exemptions from the prospectus, registration and similar requirements of applicable securities laws (collectively, the “Offering”). The Subscriber must purchase a minimum of $5,000 25,000 of Units, unless otherwise agreed to by the REIT. The Subscriber acknowledges that a Closing may occur with respect to this Subscription Agreement immediately or at any time after the acceptance of this Subscription Agreement by the REIT and the delivery of all required documents by the Subscriber to the REIT.