Common use of Takeover Statutes; Appraisal Rights Clause in Contracts

Takeover Statutes; Appraisal Rights. Neither CCIT III nor any CCIT III Subsidiary is, nor at any time during the last two (2) years was, an “interested stockholder” of CMFT as defined in Section 3-601 of the MGCL. The CCIT III Board has taken all action necessary to render inapplicable to the Merger the restrictions on business combinations contained in Subtitle 6 of Title 3 of the MGCL. The restrictions on control share acquisitions contained in Subtitle 7 of Title 3 of the MGCL are not applicable to the Merger and no other “business combination,” “control share acquisition,” “fair price,” “moratorium” or other takeover or anti-takeover statute or similar federal or state Law (collectively, “Takeover Statutes”) are applicable to this Agreement, the Merger or the other transactions contemplated by this Agreement. Pursuant to the CCIT III Charter, no dissenters’, appraisal or similar rights are available to the holders of CCIT III Common Stock with respect to the Merger and the other transactions contemplated by this Agreement.

Takeover Statutes; Appraisal Rights. Neither CCIT III CCPT V nor any CCIT III CCPT V Subsidiary is, nor at any time during the last two (2) years was, an “interested stockholder” of CMFT as defined in Section 3-601 of the MGCL. The CCIT III CCPT V Board has taken all action necessary to render inapplicable to the Merger the restrictions on business combinations contained in Subtitle 6 of Title 3 of the MGCL. The restrictions on control share acquisitions contained in Subtitle 7 of Title 3 of the MGCL are not applicable to the Merger and no other “business combination,” “control share acquisition,” “fair price,” “moratorium” or other takeover or anti-takeover statute or similar federal or state Law (collectively, “Takeover Statutes”) are applicable to this Agreement, the Merger or the other transactions contemplated by this Agreement. Pursuant to the CCIT III CCPT V Charter, no dissenters’, appraisal or similar rights are available to the holders of CCIT III CCPT V Common Stock with respect to the Merger and the other transactions contemplated by this Agreement.

Takeover Statutes; Appraisal Rights. Neither CCIT III INAV nor any CCIT III INAV Subsidiary is, nor at any time during the last two (2) years was, an “interested stockholder” of CMFT as defined in Section 3-601 of the MGCL. The CCIT III INAV Board has taken all action necessary to render inapplicable to the Merger the restrictions on business combinations contained in Subtitle 6 of Title 3 of the MGCL. The restrictions on control share acquisitions contained in Subtitle 7 of Title 3 of the MGCL are not applicable to the Merger and no other “business combination,” “control share acquisition,” “fair price,” “moratorium” or other takeover or anti-takeover statute or similar federal or state Law (collectively, “Takeover Statutes”) are applicable to this Agreement, the Merger or the other transactions contemplated by this Agreement. Pursuant to the CCIT III INAV Charter, no dissenters’, appraisal or similar rights are available to the holders of CCIT III INAV Common Stock with respect to the Merger and the other transactions contemplated by this Agreement.

Takeover Statutes; Appraisal Rights. Neither CCIT III II nor any CCIT III II Subsidiary is, nor at any time during the last two (2) years was, an “interested stockholder” of CMFT as defined in Section 3-601 of the MGCL. The CCIT III II Board has taken all action necessary to render inapplicable to the Merger the restrictions on business combinations contained in Subtitle 6 of Title 3 of the MGCL. The restrictions on control share acquisitions contained in Subtitle 7 of Title 3 of the MGCL are not applicable to the Merger and no other “business combination,” “control share acquisition,” “fair price,” “moratorium” or other takeover or anti-takeover statute or similar federal or state Law (collectively, “Takeover Statutes”) are applicable to this Agreement, the Merger or the other transactions contemplated by this Agreement. Pursuant to the CCIT III II Charter, no dissenters’, appraisal or similar rights are available to the holders of CCIT III II Common Stock with respect to the Merger and the other transactions contemplated by this Agreement.

Takeover Statutes; Appraisal Rights. Neither CCIT III II nor any CCIT III II Subsidiary is, nor at any time during the last two (2) years was, an “interested stockholder” of CMFT GCEAR as defined in Section 3-601 of the MGCL. The CCIT III II Board has taken all action necessary to render inapplicable to the REIT Merger the restrictions on business combinations contained in Subtitle 6 of Title 3 of the MGCL. The restrictions on control share acquisitions contained in Subtitle 7 of Title 3 of the MGCL are not applicable to the REIT Merger and no other “business combination,” “control share acquisition,” “fair price,” “moratorium” or other takeover or anti-takeover statute or similar federal or state Law (collectively, “Takeover Statutes”) are applicable to this Agreement, the Merger Mergers or the other transactions contemplated by this Agreement. Pursuant to the CCIT III II Charter, no dissenters’, appraisal or similar rights are available to the holders of CCIT III II Common Stock with respect to the REIT Merger and the other transactions contemplated by this Agreement.