Common use of Subscription Documents Clause in Contracts

Subscription Documents. Each person desiring to purchase Shares through the Selling Agent will be required to complete and execute the subscription documents described in the Prospectus. (i) Until the minimum offering of $2,000,000 in Shares has been sold, payments for Shares shall be made by checks payable to “UMB Bank, N.A., as escrow agent for MVP REIT II, Inc.” During such time, the Selling Agent shall forward original checks together with an original Subscription Agreement, executed and initialed by the subscriber as provided for in the Subscription Agreement, to the Escrow Agent at the address provided in the Subscription Agreement. If any Subscription Agreement solicited is rejected by the Selling Agent or the Company, then the Subscription Agreement and check will be returned to the rejected subscriber within 10 business days from the date of rejection. (ii) Once the minimum offering of $2,000,000 in Shares has been sold, payments for Shares shall be made payable to “MVP REIT II, Inc.” At such time, the Selling Agent shall forward original checks together with an original Subscription Agreement, executed and initialed by the subscriber as provided for in the Subscription Agreement, to the Company, at the address provided in the Subscription Agreement; provided, however, subscription funds from investors residing in states with higher minimum offering requirements, as disclosed under “Plan of Distribution” in the Registration Statement, shall remain in escrow until such minimum offering requirements are satisfied.

Subscription Documents. Each person desiring to purchase Shares through the Selling Agent Agent, or any other Participating Broker-Dealer, will be required to complete and execute the subscription documents described in the Prospectus. (i) Until the minimum offering of $2,000,000 3,000,000 in Shares has been sold, payments for Shares shall be made by checks payable to “UMB U.S. Bank, N.A., as escrow agent for MVP REIT IIREIT, Inc.” During such time, the Selling Agent shall forward original checks together with an original Subscription Agreement, executed and initialed by the subscriber as provided for in the Subscription Agreement, to the Escrow Agent at the address provided in the Subscription Agreement. If any Subscription Agreement solicited is rejected by the Selling Agent or the Company, then the Subscription Agreement and check will be returned to the rejected subscriber within 10 business days from the date of rejection. (ii) Once the minimum offering of $2,000,000 3,000,000 in Shares has been sold, payments for Shares shall be made payable to “MVP REIT IIREIT, Inc.” At such time, the Selling Agent shall forward original checks together with an original Subscription Agreement, executed and initialed by the subscriber as provided for in the Subscription Agreement, to the Company, at the address provided in the Xxxxxx Xxxxxxx Securities, LLC July 16, 2012 Subscription Agreement; provided, however, subscription funds from investors residing in states with higher minimum offering requirements, as disclosed under “Plan of Distribution” in the Registration Statement, shall remain in escrow until such minimum offering requirements are satisfied.