Common use of Not a Separate Entity Clause in Contracts

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Dealer pursuant to all the terms and conditions of the above Soliciting Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. Dated: Name of Soliciting Dealer: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Name of Firm: Address Street: City State and ZIP Code (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this day of , 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Selected Dealer pursuant to all the terms and conditions of the above Soliciting Selected Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of with FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. ☐ Broker-Dealer Only ☐ Dual Broker-Dealer and RIA ☐ Broker-Dealer with an affiliated RIA Dated: Name of Soliciting Selected Dealer: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows Email Address: Dated: Name of RIA (if different than checked above): (CRD Number: Authorized Signature Please type or print) print Name and Title Email Address: Name of FirmSelected Dealer: Address Street: City State The following reflects the Selling Commissions, Dealer Manager Fees and ZIP Code Distribution Fees as agreed upon between Inland Securities Corporation (Area Codethe “Dealer Manager”) Telephone No. Attention: THIS ESCROW AGREEMENT and the Selected Dealer named above (this the Selected Dealer”) effective as of the effective date of the Selected Dealer Agreement (the “Agreement”) is made between the Dealer Manager and entered into as the Selected Dealer in connection with the offering of this day Shares of , 201 by and among Inland Residential Properties IPC Alterative Real Estate Income Trust, Inc., a Maryland corporation Inc. (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Vice President Date: We confirm our agreement to act as a Soliciting Dealer pursuant to all the terms and conditions of the above Soliciting Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. Dated: Name of Soliciting Dealer: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Name of Firm: Address Street: City State and ZIP Code (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this day of , 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Dealer Selected RIA pursuant to all the terms and conditions of the above Soliciting Dealer Selected RIA Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member registered investment adviser in good standing of FINRA under the Act and represent that we will comply with the rules and regulations promulgated by FINRAthereunder. Dated: Name of Soliciting DealerSelected RIA: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Email Address: Name of FirmCustodian of Assets/Registered Broker-Dealer: Address StreetName of Selected RIA: City State and ZIP Code Share Class Election CHECK EACH APPLICABLE BOX BELOW IF THE SELECTED RIA ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class D(advisory) N/A N/A 0.25% per annum of aggregate NAV of outstanding Class D Shares $2,500 ☐ Class I(institutional) N/A N/A N/A $1,000,000 (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this day of , 201 unless waived by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Selected Dealer pursuant to all the terms and conditions of the above Soliciting Selected Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of with FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. Dated: Name of Soliciting Selected Dealer: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Email Address: Name of FirmSelected Dealer: Address Street: City State The following reflects the Selling Commissions, Dealer Manager Fees and ZIP Code Stockholder Servicing Fees as agreed upon between Inland Securities Corporation (Area Codethe “Dealer Manager”) Telephone No. Attention: THIS ESCROW AGREEMENT and the Selected Dealer named above (this the Selected Dealer”) effective as of the effective date of the Selected Dealer Agreement (the “Agreement”) is made between the Dealer Manager and entered into as the Selected Dealer in connection with the offering of this day Shares of InPoint Commercial Real Estate Income, 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation Inc. (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Dealer Selected RIA pursuant to all the terms and conditions of the above Soliciting Dealer Selected RIA Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member registered investment adviser in good standing of FINRA under the Act and represent that we will comply with the rules and regulations promulgated by FINRAthereunder. Dated: Name of Soliciting DealerSelected RIA: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Email Address: Name of FirmCustodian of Assets/Registered Broker-Dealer: Address StreetName of Selected RIA: City State CHECK EACH APPLICABLE BOX BELOW IF THE SELECTED RIA ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class D (advisory) N/A N/A 0.25% per annum of aggregate NAV of outstanding Class D Shares $2,500 ☐ Class I (institutional) N/A N/A N/A $1,000,000 (unless waived by the Dealer Manager or by management, friends and ZIP Code family (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this day of , 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation (defined in the “Company”Prospectus), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Dealer pursuant to all the terms and conditions of the above Soliciting Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. Dated: Name of Soliciting Dealer: CRD Number: Federal Employer Identification Number: ¨ [ ] Check this box if electing to sell Class A Shares. ¨ [ ] Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Name of Firm: Address Street: City State and ZIP Code (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this day of , 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).:

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ Title: SVP, Chief Compliance Officer Date: We confirm our agreement to act as a Soliciting Dealer pursuant to all the terms and conditions of the above Soliciting Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. By: Authorized Signature Please print Name and Title Dated: Name of Soliciting Dealer: CRD Number: Federal Employer Identification Number: ¨ NAME OF ISSUER: INLAND RESIDENTIAL PROPERTIES TRUST, INC. NAME OF SOLICITING DEALER: SCHEDULE 1 TO AGREEMENT DATED: Check each applicable box below: ☐ Check this box if electing to sell Class A Shares. ¨ Specify additional instructions regarding the authorization of salespersons to sell Class A Shares (if any): ☐ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows Specify additional instructions regarding the authorization of salespersons to sell Class T Shares (if different than aboveany): ☐ Check this box if electing to sell Class T-3 Shares. Specify additional instructions regarding the authorization of salespersons to sell Class T-3 Shares (Please type or print) Name of Firm: Address Street: City State and ZIP Code if any): Except as otherwise specifically stated herein, capitalized terms used in this Schedule not otherwise defined herein shall have the meanings given them in the Soliciting Dealer Agreement (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this as amended, the “Agreement”) between the Soliciting Dealer and the Dealer Manager of which this Schedule is made and entered into as of this day of , 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”)part.

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Dealer Selected RIA pursuant to all the terms and conditions of the above Soliciting Dealer Selected RIA Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member registered investment adviser in good standing of FINRA under the Act and represent that we will comply with the rules and regulations promulgated by FINRAthereunder. Dated: Name of Soliciting DealerSelected RIA: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded Email Address: Identity of Servicing Dealer: Name: Type of entity: (corporation, partnership, proprietorship, etc.) Licensed as follows broker-dealer in the following States: CRD Number: Identity of Servicing Dealer: Name: Type of entity: (if different than above): corporation, partnership, proprietorship, etc.) Licensed as broker-dealer in the following States: CRD Number: Identity of Servicing Dealer: Name: Type of entity: (Please type or printcorporation, partnership, proprietorship, etc.) Licensed as broker-dealer in the following States: CRD Number: Name of FirmSelected RIA: Address Street: City State and ZIP Code CHECK EACH APPLICABLE BOX BELOW IF THE SELECTED RIA ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class D $2,500 ☐ Class I $1,000,000 (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this day of , 201 unless waived by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Selected Dealer pursuant to all the terms and conditions of the above Soliciting Selected Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of with FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. ☐ Broker-Dealer Only ☐ Dual Broker-Dealer and RIA ☐ Broker-Dealer with an affiliated RIA Dated: Name of Soliciting Selected Dealer: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows Email Address: Dated: Name of RIA (if different than checked above): (CRD Number: Authorized Signature Please type or print) print Name and Title Email Address: Name of FirmSelected Dealer: Address Street: City State The following reflects the Selling Commissions, Dealer Manager Fees and ZIP Code Stockholder Servicing Fees as agreed upon between Inland Securities Corporation (Area Codethe “Dealer Manager”) Telephone No. Attention: THIS ESCROW AGREEMENT and the Selected Dealer named above (this the Selected Dealer”) effective as of the effective date of the Selected Dealer Agreement (the “Agreement”) is made between the Dealer Manager and entered into as the Selected Dealer in connection with the offering of this day Shares of InPoint Commercial Real Estate Income, 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation Inc. (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Dealer Selected RIA pursuant to all the terms and conditions of the above Soliciting Dealer Selected RIA Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member registered investment adviser in good standing of FINRA under the Act and represent that we will comply with the rules and regulations promulgated by FINRAthereunder. Dated: Name of Soliciting DealerSelected RIA: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Email Address: Name of FirmCustodian of Assets/Registered Broker-Dealer: Address StreetName of Selected RIA: City State and ZIP Code (Area CodeCHECK EACH APPLICABLE BOX BELOW IF THE SELECTED RIA ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED UNIT CLASS ☐ Class D(advisory) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”0.25% per annum of aggregate NAV of outstanding Class D Units $200,000 ☐ Class I(institutional) is made and entered into as of this day of , 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).None $200,000

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Selected Dealer pursuant to all the terms and conditions of the above Soliciting Selected Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of with FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. ☐ Broker-Dealer Only ☐ Dual Broker-Dealer and RIA ☐ Broker-Dealer with an affiliated RIA Dated: Name of Soliciting Selected Dealer: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows Email Address: Dated: Name of RIA (if different than checked above): (CRD Number: Authorized Signature Please type or print) print Name and Title Email Address: Name of FirmSelected Dealer: Address Street: City State and ZIP Code Share Class Election CHECK EACH APPLICABLE BOX BELOW IF THE SELECTED DEALER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class I(institutional) N/A N/A N/A $1,000,000 (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this day of , 201 unless waived by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”) ☐ Class X-1 N/A N/A N/A $1,000,000 (unless waived by the Dealer Manager) ☐ Class X-2 N/A N/A N/A $1,000,000 (unless waived by the Dealer Manager), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Selected Dealer pursuant to all the terms and conditions of the above Soliciting Selected Dealer Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member in good standing of with FINRA and represent that we will comply with the rules and regulations promulgated by FINRA. ☐ Broker-Dealer Only ☐ Dual Broker-Dealer and RIA ☐ Broker-Dealer with an affiliated RIA Dated: Name of Soliciting Selected Dealer: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows Email Address: Dated: Name of RIA (if different than checked above): (CRD Number: Authorized Signature Please type or print) print Name and Title Email Address: Name of FirmSelected Dealer: Address Street: City State and ZIP Code (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into The following reflects the Distribution Fees as of this day of , 201 by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), agreed upon between Inland Securities Corporation, a Delaware corporation Corporation (the “Dealer Manager”), ) and UMB Bank, N.A., the Selected Dealer named above (the Selected Dealer”) effective as escrow agent, a national banking association organized and existing under the laws of the United States effective date of America the Selected Dealer Agreement (the “Escrow AgentAgreement”) between the Dealer Manager and the Selected Dealer in connection with the offering of Units of IPC Alterative Real Estate Operating Partnership, LP (the “Operating Partnership”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Dealer Selected RIA pursuant to all the terms and conditions of the above Soliciting Dealer Selected RIA Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member registered investment adviser in good standing of FINRA under the Act and represent that we will comply with the rules and regulations promulgated by FINRAthereunder. Dated: Name of Soliciting DealerSelected RIA: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Email Address: Name of FirmCustodian of Assets/Registered Broker-Dealer: Address StreetName of Selected RIA: City State and ZIP Code CHECK EACH APPLICABLE BOX BELOW IF THE SELECTED RIA ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS Check Box Share Class Selling Commission Dealer Manager Fee Distribution Fee Minimum Investment Amount ☐ Class D (Area Codeadvisory ) Telephone No. Attention: THIS ESCROW AGREEMENT N/A N/A 0.25% per annum of aggregate NAV of outstanding Class D Shares $ 2,500 ☐ Class I (this “Agreement”institutional ) is made and entered into as of this day of , 201 N/A N/A N/A $1,000,000 (unless waived by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

Not a Separate Entity. Nothing herein contained shall constitute you, Inland Securities Corporation, the other Soliciting Dealers Offering Participants or any of them as an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding and agreement, please sign and return the attached duplicate of this Agreement. Your indicated acceptance thereof shall constitute a binding agreement between you and us. Very truly yours, INLAND SECURITIES CORPORATION By: Title: Date: We confirm our agreement to act as a Soliciting Dealer Selected RIA pursuant to all the terms and conditions of the above Soliciting Dealer Selected RIA Agreement. We hereby represent that we will comply with the applicable requirements of the Securities Act and the Exchange Act and the applicable rules and regulations of the Commission thereunder, and applicable blue sky or other state securities laws including the rules and regulations thereunder. We confirm that we are a member registered investment adviser in good standing of FINRA under the Act and represent that we will comply with the rules and regulations promulgated by FINRAthereunder. Dated: Name of Soliciting DealerSelected RIA: CRD Number: Federal Employer Identification Number: ¨ Check this box if electing to sell Class A Shares. ¨ Check this box if electing to sell Class T Shares. By: Authorized Signature Please print Name and Title Kindly have checks representing commissions forwarded as follows (if different than above): (Please type or print) Email Address: Name of FirmCustodian of Assets/Registered Broker-Dealer: Address StreetName of Selected RIA: City State and ZIP Code Share Class Election CHECK EACH APPLICABLE BOX BELOW IF THE SELECTED RIA ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class I(institutional) N/A N/A N/A $1,000,000 (Area Code) Telephone No. Attention: THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this day of , 201 unless waived by and among Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”) ☐ Class X-1 N/A N/A N/A $1,000,000 (unless waived by the Dealer Manager) ☐ Class X-2 N/A N/A N/A $1,000,000 (unless waived by the Dealer Manager), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).