Common use of Terms and Conditions of the Dealer Manager Fee Clause in Contracts

Terms and Conditions of the Dealer Manager Fee. (1) From and after the sale by Participating Broker-Dealer of Class A Shares and/or Class I Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement, a portion of the Dealer Manager Fee with respect to such Class A Shares and/or Class I Shares that shall be calculated daily and paid monthly. For each day during the applicable calendar quarter for which the Dealer Manager Fee is calculated, the Dealer Manager Fee reallowed to Participating Broker-Dealer shall equal (A) __ % multiplied by (B)(i) 1/365th of 0.55% of the Company’s NAV allocable to the outstanding Class A Shares and Class I Shares each day, multiplied by (ii) the percentage equal to the number of Class A Shares and Class I Shares sold by Participating Broker-Dealer that are outstanding on such day divided by the total number of Class A Shares and Class I Shares outstanding on such day. (2) From and after the sale by Participating Broker-Dealer of Class T Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Dealer Manager Fee with respect to such Class T Shares equal to [__]% of the NAV per Class T Share at which such Class T Share was purchased. These amounts are in addition to the selling commissions provided for in Section IV of this Participating Broker-Dealer Agreement. Primary Shares, for these purposes, has the definition provided in the Dealer Manager Agreement.

Terms and Conditions of the Dealer Manager Fee. (1) From and after the sale by Participating Broker-Dealer of Class A Shares and/or Class I Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement, a portion of the Dealer Manager Fee with respect to such Class A Shares and/or Class I Shares that shall be calculated daily and paid monthly. For each day during the applicable calendar quarter for which the Dealer Manager Fee is calculated, the Dealer Manager Fee reallowed to Participating Broker-Dealer shall equal (A) __ % multiplied by (B)(i) 1/365th of 0.55% of the Company’s NAV allocable to the outstanding Class A Shares and Class I Shares each day, multiplied by (ii) the percentage equal to the number of Class A Shares and Class I Shares sold by Participating Broker-Dealer that are outstanding on such day divided by the total number of Class A Shares and Class I Shares outstanding on such day., multiplied by (ii) 1/365th of a percentage of the Company’s NAV attributable to such Class A Shares and Class I Shares for such day as set forth below (the “NAV Base Amount”), multiplied by 0.55%; provided, however, that the Dealer Manager will adjust the NAV Base Amount for such calculation, and thus the amount payable to Participating Broker-Dealer, with respect to any given day based on the dollar amount of the Offered Shares sold by Participating Broker-Dealer on such day as follows: $[ ] to $ [ ] 0% of NAV $[ ] to $ [ ] [ ]% of NAV Over $[ ] [ ]% of NAV (2) From and after the sale by Participating Broker-Dealer of Class T Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Dealer Manager Fee with respect to such Class T Shares equal to [__[ ]% of the NAV per Class T Share at which such Class T Share was purchased. These amounts are in addition to the selling commissions provided for in Section IV of this Participating Broker-Dealer Agreement. Primary Shares, for these purposes, has the definition provided in the Dealer Manager Agreement.

Terms and Conditions of the Dealer Manager Fee. (1) From and after the sale by Participating Broker-Dealer of Class A Shares and/or Class I Shares sold as Primary Shares hereunder, The Company will pay to the Dealer Manager will reallow a Dealer Manager Fee that is calculated daily on a continuous basis from year to Participating Broker-Dealer during the term year equal to 1/365th of (i) 0.85% of the Participating BrokerCompany’s NAV for all outstanding Class A shares for such day, (ii) 0.30% of the Company’s NAV for all outstanding Class A-I shares for such day, (iii) 0.30% of the Company’s NAV for all outstanding Class M shares for such day, and (iv) .00% of the Company’s NAV for all outstanding Class M-I shares for such day; in each case the foregoing amounts shall be payable unless the Dealer Agreement, Manager notifies the Company that it has elected to waive a portion of the Dealer Manager Fee with respect to such Class A Shares and/or Class I Shares that shall be calculated daily and paid monthly. For each day during for any given period, in which event the applicable calendar quarter for which the agreed-upon lesser Dealer Manager Fee is calculatedshall be payable. Notwithstanding the termination of any Offering or this Agreement, the Dealer Manager Fee reallowed to Participating Broker-Dealer shall equal (A) __ % multiplied by (B)(i) 1/365th of 0.55% of the Company’s NAV allocable to the outstanding Class A Shares and Class I Shares each day, multiplied by (ii) the percentage equal to the number of Class A Shares and Class I Shares sold by Participating Broker-Dealer that are outstanding on such day divided by the total number of Class A Shares and Class I Shares outstanding on such day. (2) From and after the sale by Participating Broker-Dealer of Class T Shares sold as Primary Shares hereunder, the Dealer Manager Company will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of continue paying the Dealer Manager Fee with respect to shares sold in such Class T Shares equal Offering prior to [__]the Termination Date for so long as such shares remain outstanding and until the date at which total underwriting compensation (as defined in accordance with applicable FINRA rules) paid with respect to such shares equals 10% of the NAV per Class T Share at which gross proceeds from the sale of Primary Shares in such Class T Share was purchased. These amounts are Offering (or, with respect to Primary Shares sold by a particular Participating Broker-Dealer, a lower limit as set forth in addition to the selling commissions provided for in Section IV of this Participating Broker-Dealer Agreement. Primary Shares, for these purposes, has the definition provided in Agreement between the Dealer Manager Agreementand the applicable Participating Broker-Dealer in effect on the date upon which such Primary Shares were sold). “DEALER MANAGER” LASALLE INVESTMENT MANAGEMENT DISTRIBUTORS, LLC Name: Title: “COMPANY” XXXXX XXXX LASALLE INCOME PROPERTY TRUST, INC. Name: Title: JLLIPT Holdings LP By: JLLIPT HOLDINGS GP, LLCits General Partner By: XXXXX LANG LASALLE INCOME PROPERTY TRUST, INC., its sole Member and Manager By: Name: X. Xxxxx SwaringenTitle: President and CEO Ladies and Gentlemen:

Terms and Conditions of the Dealer Manager Fee. (1) From and after the sale by Participating Broker-Dealer of Class A Shares and/or Class I Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement, a portion of the Dealer Manager Fee with respect to such Class A Shares and/or Class I Shares that shall be calculated daily and paid monthly. For each day during the applicable calendar quarter for which the Dealer Manager Fee is calculated, the Dealer Manager Fee reallowed to Participating Broker-Dealer shall equal (A) __ % multiplied by (B)(i) 1/365th of 0.55% of the Company’s NAV allocable to the outstanding Class A Shares and Class I Shares each day, multiplied by (ii) the percentage equal to the number of Class A Shares and Class I Shares sold by Participating Broker-Dealer that are outstanding on such day divided by the total number of Class A Shares and Class I Shares outstanding on such day., multiplied by (ii) 1/365th of a percentage of the Company’s NAV attributable to such Class A Shares and Class I Shares for such day as set forth below (the “NAV Base Amount”), multiplied by 0.55%; provided, however, that the Dealer Manager will adjust the NAV Base Amount for such calculation, and thus the amount payable to Participating Broker-Dealer, with respect to any given day based on the dollar amount of the Offered Shares sold by Participating Broker-Dealer on such day as follows: $[ ] to $ [ ] 0% of NAV $[ ] to $ [ ] [ ]% of NAV Over $[ ] [__]% of NAV (2) From and after the sale by Participating Broker-Dealer of Class T Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Dealer Manager Fee with respect to such Class T Shares equal to [__]% of the NAV per Class T Share at which such Class T Share was purchased. These amounts are in addition to the selling commissions provided for in Section IV of this Participating Broker-Dealer Agreement. Primary Shares, for these purposes, has the definition provided in the Dealer Manager Agreement.

Terms and Conditions of the Dealer Manager Fee. (1) From and after the sale by Participating Broker-Dealer of Class A Shares and/or Class I Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement, a portion of the Dealer Manager Fee with respect to such Class A Shares and/or Class I Shares that shall be calculated daily and paid monthly. For each day during the applicable calendar quarter for which the Dealer Manager Fee is calculated, the Dealer Manager Fee reallowed to Participating Broker-Dealer shall equal (A) __ % multiplied by (B)(i) 1/365th of 0.55% of the Company’s NAV allocable to the outstanding Class A Shares and Class I Shares each day, multiplied by (ii) the percentage equal to the number of Class A Shares and Class I Shares sold by Participating Broker-Dealer that are outstanding on such day divided by the total number of Class A Shares and Class I Shares outstanding on such day. (2) From and after the sale by Participating Broker-Dealer of Class T Shares sold as Primary Shares hereunder, the Dealer Manager will reallow to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the up-front Dealer Manager Fee with respect to such Class T Shares equal to [__]% of the NAV per Class T Share at which such Class T Share was purchasedpurchased in the Primary Offering. These amounts are in addition to the selling commissions provided for in Section IV of this Participating Broker-Dealer Agreement. Primary Shares, for these purposes, has the definition provided in the Dealer Manager Agreement.