0001193125-15-375384 Sample Contracts

FORM OF ESCROW AGREEMENT
Escrow Agreement • November 12th, 2015 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts • California

THIS ESCROW AGREEMENT (this “Escrow Agreement”), dated as of , 2015, is entered into by and among STEADFAST APARTMENT REIT III, INC., a Maryland corporation (the “Company”), STEADFAST CAPITAL MARKETS GROUP, LLC, a Delaware limited liability company, as dealer manager for the Company (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent (the “Escrow Agent”).

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STEADFAST APARTMENT REIT III, INC. FORM OF DEALER MANAGER AGREEMENT Up to $1,300,000,000 in Shares of Common Stock, $0.01 par value per share
Dealer Manager Agreement • November 12th, 2015 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts • New York
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