Common use of REIT Status Clause in Contracts

REIT Status. The Company will use its best efforts to meet the requirements to qualify as a REIT under the Code for its taxable year ending December 31, 2016, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

REIT Status. The Company will use its best efforts to meet ensure that it meets the requirements to qualify for qualification as a REIT under the Code for its taxable year ending December 31, 2016, 2025 and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REITthereafter.

REIT Status. The Company will use its best efforts to meet ensure that it meets the requirements to qualify for qualification as a REIT under the Code for its taxable year ending December 31, 2016, 2024 and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REITthereafter.

REIT Status. The Company will use its best efforts to meet ensure that it meets the requirements to qualify for qualification as a REIT under the Code for its taxable year ending December 31, 2016, 2023 and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REITthereafter.

REIT Status. The Company will use its best efforts to meet the requirements to qualify as a REIT under the Code for its taxable year ending December 31, 20162017, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162016 and for subsequent taxable years for as long as this Agreement is still in effect or any Shares purchased by the Agent as principal remain unsold, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162014, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and or its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code, thereafter.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 2016, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code, thereafter.

REIT Status. The Company will use its best efforts to meet the requirements to qualify as a REIT under the Code for its taxable year ending December 31, 20162021, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162020 and for subsequent taxable years for as long as this Agreement is still in effect or any Shares purchased by an Agent as principal remain unsold, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 2016, 2017 and thereafter will use its best efforts to continue to meet for subsequent taxable years for as long as this Agreement is still in effect or any Shares purchased by the requirements to qualify Agent as a REIT under the Code, as the case may be, until principal remain unsold unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet ensure that it meets the requirements to qualify for qualification as a REIT under the Code for its taxable year ending December 31, 2016, 2021 and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REITthereafter.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162015, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code, thereafter.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162015, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and or its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code, thereafter.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162017 and thereafter, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162019 and for subsequent taxable years for as long as this Agreement is still in effect or any Shares purchased by an Agent as principal remain unsold, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162020 and thereafter, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet ensure that it meets the requirements to qualify for qualification as a REIT under the Code for its taxable year ending December 31, 2016, 2022 and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REITthereafter.

REIT Status. The Company currently intends to continue to elect to qualify as a REIT under the Code and will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162017, and thereafter the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code, as the case may be, until Code unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to continue to qualify as a REIT.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162018 and thereafter, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162025 and for subsequent taxable years for as long as this Agreement is still in effect or any Placement Shares purchased by an Agent as principal remain unsold, and thereafter will use its best efforts to continue to meet unless the requirements to qualify as a REIT under the Code, as the case may be, until the Board Company’s board of Directors of the Company directors determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162017, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code, thereafter.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162023 and thereafter, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation of the Company as a REIT under the Code for its taxable year ending December 31, 20162013, and thereafter will use its best efforts to continue to meet the requirements to qualify as a REIT under the Code, as the case may be, until unless the Board of Directors of the Company determines that it is no longer in the best interests of the Company and or its stockholders to qualify maintain the Company’s qualification as a REITREIT under the Code, thereafter.

REIT Status. The Company will use its best efforts to meet the requirements to qualify for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 20162015, and thereafter the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code, as the case may be, Code unless and until the Board Company’s board of Directors of the Company directors determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REITbe so qualified.