Common use of SUBSCRIBER SIGNATURES Clause in Contracts

SUBSCRIBER SIGNATURES. The undersigned further acknowledges and/or represents (or in the case of fiduciary accounts, the person authorized to sign on such subscriber’s behalf) the following: (you must initial each application representation below) a) I/We (i) either (A) have a minimum net worth (not including home, home furnishings and personal automobiles) of at least $70,000 and (without regard to Lightstone Real Estate Income Trust, Inc.) I/we have a gross income due in the current year of at least $70,000 or (B) have a net worth (excluding home, home furnishings and automobiles) of at least $250,000; and (ii) meet such higher suitability as may be required by certain states and set forth on the reverse side hereof. In the case of sales to fiduciary accounts, the suitability standards must be met by the beneficiary, the fiduciary account or by the donor or grantor who directly or indirectly supplies the funds for the purchase of the Common Shares. Owner Co-Owner b) I/We received the final prospectus of Lightstone Real Estate Income Trust at least five business days prior to the signing of this Subscription Agreement. Owner Co-Owner c) I/We am/are purchasing Common Shares for my/our own account. Owner Co-Owner d) I/We acknowledge that Common Shares are not liquid. Owner Co-Owner e) If the first or second box in Section 1 is checked, I/we represent that the Common Shares are being purchased for investment purposes only and not with a view towards resale. Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner

SUBSCRIBER SIGNATURES. The undersigned further acknowledges and/or represents (or in the case of fiduciary fiduciary accounts, the person authorized to sign on such subscriber’s behalf) the following: (you must initial each application representation below) a) I/We (i) either (A) have a minimum net worth (not including home, home furnishings and personal automobiles) of at least $70,000 and (without regard to Lightstone Real Estate Income Trust, Inc.) I/we have a gross income due in the current year of at least $70,000 or (B) have a net worth (excluding home, home furnishings and automobiles) of at least $250,000; and (ii) meet such higher suitability as may be required by certain states and set forth on the reverse side hereof. In the case of sales to fiduciary fiduciary accounts, the suitability standards must be met by the beneficiarybeneficiary, the fiduciary fiduciary account or by the donor or grantor who directly or indirectly supplies the funds for the purchase of the Common Shares. Owner Co-Owner b) I/We received the final final prospectus of Lightstone Real Estate Income Trust at least five five business days prior to the signing of this Subscription Agreement. Owner Co-Owner c) I/We am/are purchasing Common Shares for my/our own account. Owner Co-Owner d) I/We acknowledge that Common Shares are not liquid. Owner Co-Owner e) If the first first or second box in Section 1 is checked, I/we represent that the Common Shares are being purchased for investment purposes only and not with a view towards resale. Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner

SUBSCRIBER SIGNATURES. The undersigned further acknowledges and/or represents (or in the case of fiduciary accounts, the person authorized to sign on such subscriber’s behalf) the following: (you must initial each application representation of the representations below) ) Owner Co-Owner a) I/We (i) either (A) have a minimum net worth (not including home, home furnishings and personal automobiles) of at least $70,000 and estimate that (without regard to Lightstone Real Estate Income Trust, Xxxxxxxx Xxxxxx – ARC Shopping Center REIT Inc.) I/we have a gross income due in the current year of at least $70,000 70,000; or (B) I/we have a net worth (excluding home, home furnishings and automobiles) of at least $250,000; , and (ii) meet such higher suitability as may be required by certain states and set forth on the reverse side hereof. In ; in the case of sales to fiduciary accounts, the suitability standards must be met by the beneficiary, the fiduciary account or by the donor or grantor who directly or indirectly supplies the funds for the purchase of the Common Sharesshares. Owner Co-Owner b) I/We have received the final prospectus of Lightstone Real Estate Income Trust at least five business days prior to the signing of this Subscription Agreement. Xxxxxxxx Xxxxxx – ARC Shopping Center REIT Inc. Owner Co-Owner c) I/We am/are purchasing Common Shares shares for my/our own account. Owner Co-Owner d) I/We acknowledge that Common Shares shares are not liquid. Owner Co-Owner e) If the first or second box in Section 1 is checkedan affiliate of Xxxxxxxx Xxxxxx – ARC Shopping Center REIT Inc., I/we represent that the Common Shares shares are being purchased for investment purposes only and not with a view towards for immediate resale. Owner Co-Owner f) If I am a Kansas resident, I acknowledge that it is recommended that my aggregate investment in shares and similar direct participation investments should not exceed 10% of my “liquid net worth,” which is that portion of net worth that consists of cash, cash equivalents, and readily marketable securities. Owner Signature: Date: Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-OwnerSignature: Date: Authorized Signature (Custodian or Trustee): Date: • Investors must have either (a) a net worth of at least $250,000 or (b) an annual gross income of $70,000 and a minimum net worth of $70,000.

SUBSCRIBER SIGNATURES. The undersigned further acknowledges and/or represents (or in the case of fiduciary fiduciary accounts, the person authorized to sign on such subscriber’s behalf) the following: (you must initial each application representation below) a) I/We (i) either (A) have a minimum net worth (not including home, home furnishings and personal automobiles) of at least $70,000 and (without regard to Lightstone Real Estate Income Trust, Inc.) I/we have a gross income due in the current year of at least $70,000 or (B) have a net worth (excluding home, home furnishings and automobiles) of at least $250,000; and (ii) meet such higher suitability as may be required by certain states and set forth on the reverse side hereof. In the case of sales to fiduciary fiduciary accounts, the suitability standards must be met by the beneficiarybeneficiary, the fiduciary fiduciary account or by the donor or grantor who directly or indirectly supplies the funds for the purchase of the Common Shares. Owner Co-Owner b) I/We received the final final prospectus of Lightstone Real Estate Income Trust at least five five business days prior to the signing of this Subscription Agreement. Owner Co-Owner c) I/We am/are purchasing Common Shares for my/our own account. Owner Co-Owner d) I/We acknowledge that Common Shares are not liquid. Owner Co-Owner e) If the first first or second box in Section 1 is checked, I/we represent that the Common Shares are being purchased for investment purposes only and not with a view towards resale. Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner Owner Co-Owner