Common use of Volume and Other Discounts Clause in Contracts

Volume and Other Discounts. Notwithstanding the foregoing, Class A Shares may be sold to (i) officers, including executive officers and directors of the Company and their immediate family members, (ii) officers and employees of the Advisor or other affiliates and their immediate family members, and (iii) if approved by the Board of Directors of the Company, joint venture partners, consultants and other service providers, at a discount which, as provided in the “Plan of Distribution” section of the Prospectus, reflects a reduction in (a) the Dealer Manager Fees and/or (b) the sales commissions otherwise payable with respect to such Shares. In addition, as provided in the “Plan of Distribution” section of the Prospectus, Dealers, including their registered representatives and their immediate family members, may purchase Class A Shares at a price net of the sales commissions otherwise payable with respect to such Shares; provided, that, no such purchases shall be permitted during the initial 90 days following the date that the Offering is declared effective by the SEC. Also as provided in the “Plan of Distribution” section of the Prospectus, (x) any Dealer may reduce the amount of its sales commission on sales of $500,001 or more of Class A Shares, as applicable, to certain purchasers in order to provide a reduction to the total purchase price for such Class A Shares, and (y) the Dealer Manager, in its sole discretion, may reduce the amount of the Dealer Manager Fee and/or its sales commission, respectively, on sales in excess of $3,000,000 of Class A Shares to certain purchasers in order to provide a reduction to the total purchase price for such Shares.

Volume and Other Discounts. Notwithstanding the foregoing, Class A Shares may be sold to (i) officers, including executive officers and directors of the Company and their immediate family members, (ii) officers and employees of the Advisor or other affiliates and their immediate family members, and (iii) if approved by the Board of Directors of the Company, joint venture partners, consultants and other service providers, at a discount which, as provided in the “Plan of Distribution” section of the Prospectus, reflects a reduction in (a) the Dealer Manager Fees dealer manager fee and/or (b) the sales commissions otherwise payable with respect to such Shares. In addition, as provided in the “Plan of Distribution” section of the Prospectus, Dealers, including their registered representatives and their immediate family members, may purchase Class A Shares at a price net of the sales commissions otherwise payable with respect to such Shares; provided, that, no such purchases shall be permitted during the initial 90 days following the date that the Offering is declared effective by the SEC. Also as provided in the “Plan of Distribution” section of the Prospectus, (x) any Dealer may reduce the amount of its sales commission on sales of $500,001 or more of Class A Shares, as applicable, Shares to certain purchasers in order to provide a reduction to the total purchase price for such Class A Shares, and (y) the Dealer Manager, in its sole discretion, may reduce the amount of the Dealer Manager Fee and/or its dealer manager fee and its sales commission, respectively, on sales in excess of $3,000,000 of Class A Shares to certain purchasers in order to provide a reduction to the total purchase price for such Shares.

Volume and Other Discounts. Notwithstanding the foregoing, Class A Shares may be sold to (i) officers, including executive officers and directors of the Company and their immediate family members, (ii) officers and employees of the Advisor or other affiliates and their immediate family members, and (iii) if approved by the Board of Directors of the Company, joint venture partners, consultants and other service providers, at a discount which, as provided in the “Plan of Distribution” section of the Prospectus, reflects a reduction in (a) the Class A Dealer Manager Fees Fee and/or (b) the sales commissions otherwise payable with respect to such Class A Shares. In addition, as provided in the “Plan of Distribution” section of the Prospectus, Dealers, including their registered representatives and their immediate family members, may purchase Class A Shares at a price net of the sales commissions otherwise payable with respect to such Class A Shares; provided, that, no such purchases shall be permitted during the initial 90 days following the date that the Offering is declared effective by the SEC. Also as provided in the “Plan of Distribution” section of the Prospectus, (x) any Dealer may reduce the amount of its sales commission on sales of $500,001 or more of Class A Shares or Class T Shares, as applicable, to certain purchasers in order to provide a reduction to the total purchase price for such Class A Shares or such Class T Shares, and (y) the Dealer Manager, in its sole discretion, may reduce the amount of the Class A Dealer Manager Fee and/or and its sales commission, respectively, on sales in excess of $3,000,000 of Class A Shares to certain purchasers in order to provide a reduction to the total purchase price for such Shares.

Volume and Other Discounts. Notwithstanding the foregoing, Class A Shares and Class T Shares may be sold to (i) officers, including executive officers and directors of the Company and their immediate family members, (ii) officers and employees of the Advisor or other affiliates and their immediate family members, and (iii) if approved by the Board of Directors of the Company, joint venture partners, consultants and other service providers, at a discount which, as provided in the “Plan of Distribution” section of the Prospectus, reflects a reduction in (a) the Dealer Manager Fees and/or (b) the sales commissions otherwise payable with respect to such Shares. In addition, as provided in the “Plan of Distribution” section of the Prospectus, Dealers, including their registered representatives and their immediate family members, may purchase Class A Shares and Class T Shares at a price net of the sales commissions otherwise payable with respect to such Shares; provided, that, no such purchases shall be permitted during the initial 90 days following the date that the Offering is declared effective by the SEC. Also as provided in the “Plan of Distribution” section of the Prospectus, (x) any Dealer may reduce the amount of its sales commission on sales of $500,001 or more of Class A Shares or Class T Shares, as applicable, to certain purchasers in order to provide a reduction to the total purchase price for such Class A Shares or such Class T Shares, and (y) the Dealer Manager, in its sole discretion, may reduce the amount of the Dealer Manager Fee and/or its sales commission, respectively, on sales in excess of $3,000,000 of Class A Shares or Class T Shares to certain purchasers in order to provide a reduction to the total purchase price for such Shares.

Volume and Other Discounts. Notwithstanding the foregoing, Class A Shares may be sold to (i) officers, including executive officers and directors of the Company and their immediate family members, (ii) officers and employees of the Advisor or other affiliates and their immediate family members, and (iii) if approved by the Board of Directors of the Company, joint venture partners, consultants and other service providers, at a discount which, as provided in the “Plan of Distribution” section of the Prospectus, reflects a reduction in (a) the Dealer Manager Fees and/or (b) the sales commissions otherwise payable with respect to such Shares. In addition, as provided in the “Plan of Distribution” section of the Prospectus, Dealers, including their registered representatives and their immediate family members, may purchase Class A Shares at a price net of the sales commissions otherwise payable with respect to such Shares; provided, that, no such purchases shall be permitted during the initial 90 days following the date that the Offering is declared effective by the SEC. Also as provided in the “Plan of Distribution” section of the Prospectus, (x) any Dealer may reduce the amount of its sales commission on sales of $500,001 or more of Class A Shares, as applicable, to certain purchasers in order to provide a reduction to the total purchase price for such Class A Shares, and (y) the Dealer Manager, in its sole discretion, may reduce the amount of the Dealer Manager Fee and/or its sales commission, respectively, on sales in excess of $3,000,000 of Class A Shares to certain purchasers in order to provide a reduction to the total purchase price for such Shares.