Common use of Volume and Other Discounts Clause in Contracts

Volume and Other Discounts. Notwithstanding the foregoing, Shares may be sold to (x) executive officers and directors of the Company and their immediate family members, (y) officers and employees of the Advisor or other affiliates and their immediate family members, and (z) 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 (i) the dealer manager fee and/or (ii) the sales commissions otherwise payable with respect to such Shares. Also as provided in the “Plan of Distribution” section of the Prospectus, (i) any Dealer may reduce the amount of its sales commission on sales of $500,000 or more of Shares to certain purchasers in order to provide a reduction to the total purchase price for such Shares and (ii) the Dealer Manager and any Dealer may reduce the amount of its dealer manager fee and its sales commission, respectively, on sales in excess of $3,000,000 of 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, Shares may be sold to (x) executive officers and directors of the Company and their immediate family members, (y) officers and employees of the Advisor or other affiliates and their immediate family members, and (z) 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 (i) the dealer manager fee and/or (ii) the sales commissions otherwise payable with respect to such Shares. Also as provided in the “Plan of Distribution” section of the Prospectus, (i) any Dealer may reduce the amount of its sales commission on sales of $500,000 or more of Shares to certain purchasers in order to provide a reduction to the total purchase price for such Shares and (ii) the Dealer Manager and any Dealer may reduce the amount of its dealer manager fee and its sales commission, respectively, on sales in excess of $3,000,000 or more of Shares to certain purchasers in order to provide a reduction to the total purchase price for such Shares.