Common use of ADVISOR ACTIONS Clause in Contracts

ADVISOR ACTIONS. The Advisor shall provide or cause the Dealer Manager to provide to the Sub-Advisor the following: • Bi-weekly meeting or call with the Dealer Manager’s head of national accounts (this can be moved to monthly once the Company has raised at least $500 million in Offering proceeds). Topics to be discussed include the following: • progress with selling agreements • feedback from target broker-dealers • momentum with non-traditional non-listed REIT buyers (i.e. wire house, regional firms) • travel requests for Sub-Advisor’s portfolio manager and/or senior management • Monthly report showing monthly meeting count from the external sales force where the Company is discussed • Monthly report showing monthly call count from the internal sale desk where the Company is discussed • Monthly conference calls with the broad sales organization (national accounts and internal/external) where the Sub-Advisor’s portfolio managers discuss market conditions and portfolio updates (this can moved to quarterly once the Company has raised at least $500 million in Offering proceeds) • Quarterly conference calls with each individual external sales person. Topics to be discussed including the following: • travel schedules with the Sub-Advisor’s portfolio manager and new business personnel • where the Sub-Advisor can be more helpful/proactive with sales efforts • feedback from advisors/brokers regarding the Company, its fee structure, and other features of the Offering • Quarterly visits by the Sub-Advisor to the Advisor’s offices to meet with sales management and shadow/present to internal sales

ADVISOR ACTIONS. The Advisor shall provide or cause the Dealer Manager to provide to the Sub-Advisor the following: • Bi-weekly meeting or call with the Dealer Manager’s head of national accounts (this can be moved to monthly once the Company has raised at least $500 million in Offering proceeds). Topics to be discussed include the following: • progress with selling agreements • feedback from target broker-dealers • momentum with non-traditional non-listed REIT buyers (i.e. wire house, regional firms) • travel requests for Sub-Advisor’s portfolio manager and/or senior management • Monthly report showing monthly meeting count from the external sales force where the Company is discussed • Monthly report showing monthly call count from the internal sale desk where the Company is discussed • Monthly conference calls with the broad sales organization (national accounts and internal/external) where the Sub-Advisor’s portfolio managers discuss market conditions and portfolio updates (this can moved to quarterly once the Company has raised at least $500 million in Offering proceeds) • Quarterly conference calls with each individual external sales person. Topics to be discussed including the following: • travel schedules with the Sub-Advisor’s portfolio manager and new business personnel • where the Sub-Advisor can be more helpful/proactive with sales efforts • feedback from advisors/brokers regarding the Company, its fee structure, and other features of the Offering • Quarterly visits by the Sub-Advisor to the Advisor’s offices to meet with sales management and shadow/present to internal salessales LEGAL02/40624958v4