Common use of Share Class Election Clause in Contracts

Share Class Election. CHECK EACH APPLICABLE BOX BELOW IF THE DEALER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class T Shares ☐ Class S Shares ☐ Class D Shares ☐ Class I Shares The following reflects the selling commission, dealer manager fee and/or the Distribution Fee as agreed upon between the Dealer Manager and the Dealer for the applicable Share Class. (Initials) Upfront Selling Commission of 3.0% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Selling Commission, it should instead complete and initial the relevant row below. (Initials) Upfront Dealer Manager Fee of 0.5% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Dealer Manager Fee, it should instead complete and initial the relevant row below. (Initials) Customized Upfront Selling Commission of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Dealer Manager Fee, not to exceed 3.5% in the aggregate)* Please insert your Upfront Selling Commission Percentage: % By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares.

Share Class Election. CHECK EACH APPLICABLE BOX BELOW IF THE DEALER SELLING GROUP MEMBER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class T Shares ☐ Class S Shares ☐ Class D Shares ☐ Class I shares ☐ Class A Shares (DRP only) ☐ Class TX Shares (DRP only) The following reflects the selling commission, dealer manager fee and/or the Distribution Fee distribution fee as agreed upon between the Dealer Manager and the Dealer Selling Group Member for the applicable Share Class. Class T shares (Initials) Upfront Selling Commission of 3.0% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer Selling Group Member wish to customize its Upfront Selling Commission, it should instead complete and initial the relevant row below. (Initials) Upfront Dealer Manager Fee of 0.5% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Dealer Manager Fee, it should instead complete and initial the relevant row below. (Initials) Customized Upfront Selling Commission of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Dealer Manager Fee, not to exceed 3.5% in the aggregate)* Please insert your Upfront Selling Commission Percentage: % By initialing here, the Dealer Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. (Initials) Customized Upfront Dealer Manager Fee of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Selling Commission, not to exceed 3.5% in the aggregate)* Please insert your Upfront Dealer Manager Fee Percentage: % By initialing here, the Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. (Initials) Distribution fee of 0.85% (at an Annualized Rate) of the aggregate NAV of outstanding Class T shares, consisting of an advisor distribution fee of 0.65% Annualized Rate), and a dealer distribution fee of 0.20% (Annualized Rate), of the aggregate NAV of outstanding Class T shares. By initialing here, the Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Selling Group Member choose to opt out of this provision, it will not be eligible to receive the distribution fee and initialing is not necessary. The Selling Group Member represents by its acceptance of each payment of the distribution fee that it complies with the above requirements.

Share Class Election. CHECK EACH APPLICABLE BOX BELOW IF THE DEALER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class T Shares ☐ Class S Shares ☐ Class D Shares ☐ Class I Shares The following reflects the selling commission, dealer manager fee commission and/or the Distribution Fee Servicing Fees as agreed upon between the Dealer Manager and the Dealer for the applicable Share Class. (Initials) Upfront Selling Commission of up to 3.0% of the transaction price per Class T share sold in the Primary Offering Offering* By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Selling Commission, it should instead complete and initial the relevant row below. (Initials) Upfront Dealer Manager Fee of up to 0.5% of the transaction price per Class T share sold in the Primary Offering Offering* By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. (Initials) Servicing Fee of 0.85% (Annualized Rate) of aggregate NAV of outstanding Class T shares, consisting of an advisor stockholder servicing fee of 0.65% (Annualized Rate), and a dealer stockholder servicing fee of 0.20% (Annualized Rate), of the aggregate NAV of outstanding Class T shares. By initialing here, the Dealer agrees to the terms of eligibility for the Servicing Fee set forth in this Schedule I. Should the Dealer wish choose to customize its Upfront Dealer Manager Feeopt out of this provision, it should instead complete will not be eligible to receive the Servicing Fee and initial initialing is not necessary. The Dealer represents by its acceptance of each payment of the relevant row belowServicing Fee that it complies with each of the above requirements. (Initials) Customized Upfront Selling Commission of up to 3.5% of the transaction price per Class T S share sold in the Primary Offering (but, when taken together with the Upfront Dealer Manager Fee, not to exceed 3.5% in the aggregate)Offering* Please insert your Upfront Selling Commission Percentage: % By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T S shares. (Initials) Servicing Fee of 0.85% (Annualized Rate) of aggregate NAV of outstanding Class S shares By initialing here, the Dealer agrees to the terms of eligibility for the Servicing Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Servicing Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Servicing Fee that it complies with each of the above requirements. (Initials) Upfront Selling Commission of up to 0.5% of the transaction price per Class D share sold in the Primary Offering* By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class D shares. (Initials) Servicing Fee of 0.25% (Annualized Rate) of aggregate NAV of outstanding Class D shares By initialing here, the Dealer agrees to the terms of eligibility for the Servicing Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Servicing Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Servicing Fee that it complies with each of the above requirements. * Subject to discounts described in the “Plan of Distribution” section of the Prospectus.

Share Class Election. CHECK EACH APPLICABLE BOX BELOW IF THE DEALER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ ¨ Class T Shares ☐ ¨ Class S Shares ☐ ¨ Class D Shares ☐ ¨ Class I Shares The following reflects the selling commission, dealer manager fee and/or the Distribution Fee as agreed upon between the Dealer Manager and the Dealer for the applicable Share Class. ________ (Initials) Upfront Selling Commission of 3.0% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Selling Commission, it should instead complete and initial the relevant row below. ________ (Initials) Upfront Dealer Manager Fee of 0.5% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Dealer Manager Fee, it should instead complete and initial the relevant row below. ________ (Initials) Customized Upfront Selling Commission of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Dealer Manager Fee, not to exceed 3.5% in the aggregate)* Please insert your Upfront Selling Commission Percentage: __% By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Customized Upfront Dealer Manager Fee of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Selling Commission, not to exceed 3.5% in the aggregate)* Please insert your Dealer Manager Fee Percentage: __% By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Please insert your total cap for aggregate selling commissions, dealer manager fees, and Distribution Fees paid with respect to the Class T shares (subject to a maximum cap of 8.75% of gross proceeds): __% By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Distribution Fee of 0.85% (at an Annualized Rate) of the aggregate NAV of outstanding Class T shares, consisting of a representative distribution fee of 0.65% (Annualized Rate), and a dealer distribution fee of 0.20% (Annualized Rate), of the aggregate NAV of outstanding Class T shares. By initialing here, the Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements. Should the Dealer wish to customize the split of the Distribution Fee, please proceed to the row immediately below. ________ (Initials) Customized Distribution Fee at an Annualized Rate calculated based on the aggregate NAV of outstanding Class T shares, consisting of a representative distribution fee and a dealer distribution fee calculated based on the aggregate NAV of outstanding Class T shares (but, when such fees are taken together, shall equal 0.85% (Annualized Rate) of the aggregate NAV of outstanding Class T shares). Please insert your custom Distribution Fee rate. Representative distribution fee: __% Dealer distribution fee: __% By initialing here, the Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements. ________ (Initials) Upfront Selling Commission of up to 3.5% of the transaction price per Class S share sold in the Primary Offering* By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class S shares. ________ (Initials) Distribution Fee of 0.85% (Annualized Rate) of aggregate NAV of outstanding Class S shares By initialing here, the Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements. ________ (Initials) Please insert your total cap for aggregate selling commissions and Distribution Fees paid with respect to the Class S shares (subject to a maximum cap of 8.75% of gross proceeds): __% By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class S shares. ________ (Initials) Upfront Selling Commission of up to 1.5% of the transaction price per Class D share sold in the Primary Offering Please insert your Upfront Selling Commission Percentage: __% By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class D shares. ________ (Initials) No upfront Selling Commission per Class D share sold in the Primary Offering By initialing here, the Dealer agrees that it will not be eligible to receive any upfront Selling Commission with respect to the Class D shares. ________ (Initials) Distribution Fee of 0.25% (Annualized Rate) of aggregate NAV of outstanding Class D shares By initialing here, the Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements. ________ (Initials) Please insert your total cap for aggregate selling commissions and Distribution Fees paid with respect to the Class D shares (subject to a maximum cap of 8.75% of gross proceeds): __% By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class D shares. * Subject to discounts described in the “Plan of Distribution” section of the Prospectus.

Share Class Election. CHECK EACH APPLICABLE BOX BELOW IF THE DEALER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class T Shares ☐ Class S Shares ☐ Class D Shares ☐ Class I Shares The following reflects the selling commission, dealer manager fee and/or the Distribution Servicing Fee as agreed upon between the Dealer Manager and the Dealer for the applicable Share Class. ________ (Initials) Upfront Selling Commission of 3.0% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Selling Commission, it should instead complete and initial the relevant row below. (Initials) Upfront Dealer Manager Fee of 0.5% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Dealer Manager Fee, it should instead complete and initial the relevant row below. ________ (Initials) Customized Upfront Selling Commission of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Dealer Manager Fee, not to exceed 3.5% in the aggregate)* Please insert your Upfront Selling Commission Percentage: __% By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Customized Upfront Dealer Manager Fee of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Selling Commission, not to exceed 3.5% in the aggregate)* Please insert your Dealer Manager Fee Percentage: % By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Please insert your total cap for aggregate selling commissions, dealer manager fees, and Servicing Fees paid with respect to the Class T shares (subject to a maximum cap of 8.75% of gross proceeds): % By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Servicing Fee of 0.85% (at an Annualized Rate) of the aggregate NAV of outstanding Class T shares, consisting of an advisor stockholder servicing fee of 0.65% (Annualized Rate), and a dealer stockholder servicing fee of 0.20% (Annualized Rate), of the aggregate NAV of outstanding Class T shares. By initialing here, the Dealer agrees to the terms of eligibility for the Servicing Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Servicing Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Servicing Fee that it complies with each of the above requirements. Should the Dealer wish to customize the split of the Servicing Fee, please proceed to the row immediately below. ________ (Initials) Customized Servicing Fee at an Annualized Rate calculated based on the aggregate NAV of outstanding Class T shares, consisting of an advisor stockholder servicing fee and a dealer stockholder servicing fee calculated based on the aggregate NAV of outstanding Class T shares (but, when such fees are taken together, will equal 0.85% (Annualized Rate) of the aggregate NAV of outstanding Class T shares). Please insert your custom Servicing Fee rate. Advisor stockholder servicing fee: % Dealer stockholder servicing fee: % By initialing here, the Dealer agrees to the terms of eligibility for the Servicing Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Servicing Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Servicing Fee that it complies with each of the above requirements. ________ (Initials) Upfront Selling Commission of up to 3.5% of the transaction price per Class S share sold in the Primary Offering* By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class S shares. ________ (Initials) Servicing Fee of 0.85% (Annualized Rate) of aggregate NAV of outstanding Class S shares By initialing here, the Dealer agrees to the terms of eligibility for the Servicing Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Servicing Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Servicing Fee that it complies with each of the above requirements. ________ (Initials) Upfront Selling Commission of up to 1.5% of the transaction price per Class D share sold in the Primary Offering By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class D shares. ________ (Initials) Servicing Fee of 0.25% (Annualized Rate) of aggregate NAV of outstanding Class D shares By initialing here, the Dealer agrees to the terms of eligibility for the Servicing Fee set forth in this Schedule I. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Servicing Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Servicing Fee that it complies with each of the above requirements. * Subject to discounts described in the “Plan of Distribution” section of the Prospectus.

Share Class Election. CHECK EACH APPLICABLE BOX BELOW IF THE DEALER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ ¨ Class T A Shares ☐ Class S Shares ☐ ¨ Class D Shares ☐ ¨ Class I Shares The following reflects the selling commission, dealer manager fee sales load and/or the Distribution Fee Distribution/Servicing Fees as agreed upon between the Dealer Manager Distributor and the Dealer for the applicable Share Classclass. ________ (Initials) Upfront Selling Commission Sales Load of 3.0up to 3.5% of the transaction price per Class T A share sold in the Primary Offering Offering* By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule I 1 with respect to the Class T A shares. Should the Dealer wish to customize its Upfront Selling Commission, it should instead complete and initial the relevant row below. ________ (Initials) Upfront Dealer Manager Fee Distribution/Servicing Fees of 0.50.85% (Annualized Rate) of the transaction price per aggregate NAV of outstanding Class T share sold in the Primary Offering A shares By initialing here, the Dealer hereby agrees to the terms of eligibility for the Agreement and Distribution/Servicing Fees set forth in this Schedule I with respect to the Class T shares1. Should the Dealer wish choose to customize its Upfront Dealer Manager Feeopt out of this provision, it should instead complete will not be eligible to receive the Distribution/Servicing Fees and initial initialing is not necessary. The Dealer represents by its acceptance of each payment of the relevant row belowDistribution/Servicing Fees that it complies with each of the above requirements. ________ (Initials) Customized Upfront Selling Commission Distribution/Servicing Fees of up to 3.50.25% (Annualized Rate) of the transaction price per aggregate NAV of outstanding Class T share sold in the Primary Offering (but, when taken together with the Upfront Dealer Manager Fee, not to exceed 3.5% in the aggregate)* Please insert your Upfront Selling Commission Percentage: % D shares By initialing here, the Dealer hereby agrees to the terms of eligibility for the Agreement and Distribution/Servicing Fees set forth in this Schedule I 1. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution/Servicing Fees and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Distribution/Servicing Fees that it complies with respect each of the above requirements. * Subject to discounts described in the Class T shares“Plan of Distribution” section of the Prospectus.

Share Class Election. CHECK EACH APPLICABLE BOX BELOW IF THE DEALER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ If this Agreement is entered into prior to Form 10 effectiveness: Class I Shares* The following selections are only available if this Agreement is entered into after Form 10 effectiveness: Class T Shares ☐ Class S Shares ☐ Class D Shares ☐ Class I Shares The following reflects the selling commission, dealer manager fee and/or the Distribution Fee as agreed upon between the Dealer Manager and the Participating Dealer for the applicable Share Class. ________ (Initials) Upfront Selling Commission of up to 3.0% of the transaction price per Class T share sold in the Primary Offering Offering* Total selling commissions and dealer manager fees may not exceed 3.5%. By initialing here, the Participating Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Selling Commission, it should instead complete and initial the relevant row below. ________ (Initials) Upfront Dealer Manager Fee of up to 0.5% of the transaction price per Class T share sold in the Primary Offering Offering* Total selling commissions and dealer manager fees may not exceed 3.5%. By initialing here, the Participating Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Dealer Manager Fee, it should instead complete and initial the relevant row below. ________ (Initials) Customized Distribution Fee of 0.85% (Annualized Rate) of aggregate NAV of outstanding Class T shares, consisting of an advisor Distribution Fee of [0.65]% (Annualized Rate), and a dealer Distribution Fee of [0.20]% (Annualized Rate), of the aggregate NAV of outstanding Class T shares. By initialing here, the Participating Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule I. Should the Participating Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Participating Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements. ________ (Initials) Upfront Selling Commission of up to 3.5% of the transaction price per Class T S share sold in the Primary Offering Offering* By initialing here, the Participating Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class S shares. ________ (butInitials) Distribution Fee of 0.85% (Annualized Rate) of aggregate NAV of outstanding Class S shares By initialing here, when taken together the Participating Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule I. Should the Participating Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Participating Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the Upfront Dealer Manager Fee, not to exceed 3.5% in the aggregate)* Please insert your above requirements. ________ (Initials) Upfront Selling Commission Percentage: of up to 1.5% of the transaction price per Class D share sold in the Primary Offering* By initialing here, the Participating Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class D shares. ________ (Initials) Distribution Fee of 0.25% (Annualized Rate) of aggregate NAV of outstanding Class D shares By initialing here, the Participating Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule I. Should the Participating Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Participating Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements. ________ (Initials) Upfront Selling Commission of 0.00% By initialing here, the Participating Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class I shares. ________ (Initials) Distribution Fee of 0.00% By initialing here, the Participating Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule I. ________ (Initials) If desire a cap of less than 8.75%, please insert your total cap for aggregate selling commissions, dealer manager fees and Distribution Fees paid with respect to the Class T shares, Class S shares and Class D shares, as applicable: ____% of gross proceeds By initialing here, the Participating Dealer hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares, Class S shares and Class D shares, as applicable. * Subject to discounts described in the “Plan of Distribution” section of the Memorandum.

Share Class Election. CHECK EACH APPLICABLE BOX BELOW IF THE DEALER SELLING GROUP MEMBER ELECTS TO PARTICIPATE IN THE DISTRIBUTION OF THE LISTED SHARE CLASS ☐ Class T Shares ☐ Class S Shares ☐ Class D Shares ☐ Class I shares ☐ Class A Shares (DRP only) ☐ Class TX Shares (DRP only) The following reflects the selling commission, dealer manager fee and/or the Distribution Fee distribution fee as agreed upon between the Dealer Manager and the Dealer Selling Group Member for the applicable Share Class. Class T shares ________ (Initials) Upfront Selling Commission of 3.0% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer Selling Group Member wish to customize its Upfront Selling Commission, it should instead complete and initial the relevant row below. ________ (Initials) Upfront Dealer Manager Fee of 0.5% of the transaction price per Class T share sold in the Primary Offering By initialing here, the Dealer Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Dealer wish to customize its Upfront Dealer Manager Fee, it should instead complete and initial the relevant row below. ________ (Initials) Customized Upfront Selling Commission of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Dealer Manager Fee, not to exceed 3.5% in the aggregate)* Please insert your Upfront Selling Commission Percentage: __% By initialing here, the Dealer Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Customized Upfront Dealer Manager Fee of up to 3.5% of the transaction price per Class T share sold in the Primary Offering (but, when taken together with the Upfront Selling Commission, not to exceed 3.5% in the aggregate)* Please insert your Upfront Dealer Manager Fee Percentage: __% By initialing here, the Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Distribution fee of 0.85% (at an Annualized Rate) of the aggregate NAV of outstanding Class T shares, consisting of an advisor distribution fee of 0.65% Annualized Rate), and a dealer distribution fee of 0.20% (Annualized Rate), of the aggregate NAV of outstanding Class T shares. By initialing here, the Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. Should the Selling Group Member choose to opt out of this provision, it will not be eligible to receive the distribution fee and initialing is not necessary. The Selling Group Member represents by its acceptance of each payment of the distribution fee that it complies with the above requirements. ________ (Initials) Customized Distribution fee at an Annualized Rate calculated based on the aggregate NAV of outstanding Class T shares, consisting of an advisor distribution fee and a dealer distribution fee (but when such fees are taken together, will equal 0.85% (Annualized Rate) of the aggregate NAV of outstanding Class T shares). Please insert your custom Distribution Fee rate: Advisor distribution fee: ___% Dealer distribution fee: ___% By initialing here, the Selling Group Member hereby agrees to the terms of the Agreement and this Schedule I with respect to the Class T shares. ________ (Initials) Please insert your total cap for aggregate selling commissions, dealer manager fees, and distribution fees paid with respect to the Class T shares (subject to a maximum cap of 8.5% of gross proceeds of shares sold in the Primary Offering): % By initialing here, the Selling Group Member agrees to the terms of eligibility for the distribution fee set forth in this Schedule I. Class D shares ________ (Initials) Distribution fee of 0.25% (at an Annualized Rate) of the aggregate NAV of outstanding Class D shares of the aggregate NAV of outstanding Class D shares By initialing here, the Selling Group Member agrees to the terms of the Agreement and this Schedule I with respect to the Class D shares. Should the Selling Group Member choose to opt out of this provision, it will not be eligible to receive the distribution and initialing is not necessary. The Selling Group Member represents by its acceptance of each payment of the distribution fee that it complies with the above requirements. ________ (Initials) Please insert your total cap for aggregate selling commissions, dealer manager fees, and distribution fees paid with respect to the Class D shares (subject to a maximum cap of 8.0% of gross proceeds of shares sold in the Primary Offering): % By initialing here, the Selling Group Member agrees to the terms of eligibility for the distribution fee set forth in this Schedule I. * Subject to discounts described in the “Plan of Distribution” section of the Prospectus.