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

Terms and Conditions of the Dealer Manager Fee. From and after the sale by Participating Broker-Dealer of Primary Shares hereunder, the Dealer Manager will pay to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Dealer Manager Fee that shall be calculated daily and paid quarterly. For each day during the applicable calendar quarter for which the Dealer Manager Fee is calculated, the Dealer Manager Fee payable to Participating Broker-Dealer shall equal: 1. the number of Class A Primary Shares sold by Participating Broker-Dealer that are outstanding on such day multiplied by 1/365th of % of the Company’s NAV for Class A Primary Shares for such day, plus 2. the number of Class M Primary Shares sold by Participating Broker-Dealer and outstanding on such day, multiplied by 1/365th of % of the Company’s NAV for Class M Primary Shares for such day, plus

Terms and Conditions of the Dealer Manager Fee. From and after the sale by Participating Broker-Dealer of Primary Shares hereunder, the Dealer Manager will pay to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Dealer Manager Fee that shall be calculated daily and paid quarterly. For each day during the applicable calendar quarter for which the Dealer Manager Fee is calculated, the Dealer Manager Fee payable to Participating Broker-Dealer shall equal: 1. the number of Class A Primary Shares sold by Participating Broker-Dealer that are outstanding on such day multiplied by 1/365th of ____% of the Company’s NAV for Class A Primary Shares for such day, plus 2. the number of Class M Primary Shares sold by Participating Broker-Dealer and outstanding on such day, multiplied by 1/365th of ____% of the Company’s NAV for Class M Primary Shares for such day, plus

Terms and Conditions of the Dealer Manager Fee. From and after the sale by Participating Broker-Dealer of Primary Shares hereunder, the Dealer Manager will pay to Participating Broker-Dealer during the term of the Participating Broker-Dealer Agreement a portion of the Dealer Manager Fee that shall be calculated daily and paid quarterly. For each day during the applicable calendar quarter for which the Dealer Manager Fee is calculated, the Dealer Manager Fee payable to Participating Broker-Dealer shall equal: 1. the number of Class A Primary Shares sold by Participating Broker-Dealer that are outstanding on such day multiplied by 1/365th of % of the Company’s NAV for Class A Primary Shares for such day, plus 2. the number of Class M Primary Shares sold by Participating Broker-Dealer and outstanding on such day, multiplied by 1/365th of % of the Company’s NAV for Class M Primary Shares for such day, plus.