Common use of Special Fees Clause in Contracts

Special Fees. The Partners acknowledge and agree that the following Special Fees shall be borne by the Classes of OP Units as follows: (a) a selling commission equal to $1.50 and a dealer manager fee equal to approximately $0.69 for each Class A Unit issued in respect of the issuance and sale of a share of Class A Common Stock in the General Partner’s primary offering (or, with respect to Class A Units issued in respect of the issuance and sale of a share of Class A Common Stock in a follow-on offering of the General Partner, such other selling commission and dealer manager fee charged in respect of such share of Class A Common Stock); (b) a selling commission equal to approximately $0.48 and a dealer manager fee equal to approximately $0.66 for each Class T Unit issued in respect of the issuance and sale of a share of Class T Common Stock in the General Partner’s primary offering (or, with respect to Class T Units issued in respect of the issuance and sale of a share of Class T Common Stock in a follow-on offering of the General Partner, such other selling commission and dealer manager fee charged in respect of such share of Class T Common Stock); and (c) an annual distribution and stockholder servicing fee for each Class T Unit issued in respect of the issuance and sale of a share of Class T Common Stock in the General Partner’s primary offering equal to (i) one percent of the gross offering price of a share of Class T Common Stock issued in the General Partner’s primary offering, or, once the General Partner publishes the estimated value of a share of Class T Common Stock in accordance with FINRA rules and regulations to assist broker dealers to satisfy their reporting obligations for customer account statement purposes, (ii) one percent of the estimated value of a share of Class T Common Stock that the General Partner publishes from time to time.

Special Fees. The Partners acknowledge and agree that the following Special Fees shall be borne by the Classes of OP Units as follows: (a) a selling commission equal to $1.50 and a dealer manager fee equal to approximately $0.69 for each Class A Unit issued in respect of the issuance and sale of a share of Class A Common Stock in the General Partner’s primary offering (or, with respect to Class A Units issued in respect of the issuance and sale of a share of Class A Common Stock in a follow-on offering of the General Partner, such other selling commission and dealer manager fee charged in respect of such share of Class A Common Stock); (b) a selling commission equal to approximately $0.48 and a dealer manager fee equal to approximately $0.66 0.65 for each Class T Unit issued in respect of the issuance and sale of a share of Class T Common Stock in the General Partner’s primary offering (or, with respect to Class T Units issued in respect of the issuance and sale of a share of Class T Common Stock in a follow-on offering of the General Partner, such other selling commission and dealer manager fee charged in respect of such share of Class T Common Stock); and (c) an annual distribution and stockholder servicing fee for each Class T Unit issued in respect of the issuance and sale of a share of Class T Common Stock sold in the General Partner’s primary offering equal to (i) during the General Partner’s primary offering, one percent of the gross offering price of a share of Class T Common Stock issued in the General Partner’s primary offering, or, once (ii) after the General Partner publishes Partner’s primary offering is completed, (x) in a follow-on offering, one percent of the gross offering price of a share of Class T Common Stock issued in the General Partner’s follow-on offering or (y) in the absence of a follow-on offering, one percent of the estimated value of a share of Class T Common Stock that the General Partner may publish from time to time in accordance with FINRA rules and regulations to assist broker dealers to satisfy their reporting obligations for customer account statement purposes, (ii) one percent of the estimated value of a share of Class T Common Stock that the General Partner publishes from time to time.