Common use of Subordinated Incentive Fee Clause in Contracts

Subordinated Incentive Fee. (i) Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.0% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders from the Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) Gross Investment Amount and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 6% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor.

Subordinated Incentive Fee. (i) Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.010.0% of the amount by which (i) the market value of the outstanding Shares stock of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders from the Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) Gross Investment Amount 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 68% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. The Subordinated Incentive Fee will be reduced by the amount of any prior payment to the Advisor of a Subordinated Share of Net Sales Proceeds. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor.

Subordinated Incentive Fee. (i) Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.015% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders from the Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) Gross Investment Amount and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 67% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor.

Subordinated Incentive Fee. Upon Listing (i) Upon Listingother than on the Pink Sheets or the OTC Bulletin Board), the Advisor shall be entitled to paid the Subordinated Incentive Fee in an amount equal to 15.010% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “"Market Value”"), plus the total of all Distributions paid to Stockholders from the Company’s 's inception until the date that Market Value is determinedof Listing, exceeds (ii) the sum of (A) Gross Investment Amount 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 6' 8% Return from inception through the date the Market Value is determined. The Company shall have the option to pay such fee in the form of cash, SharesSecurities, a promissory note or any combination of the foregoing. In the event the The Subordinated Incentive Fee is paid will be reduced by the amount of any prior payment to the Advisor following Listingof a deferred, no other performance fee will be paid to Subordinated Share of Net Sales Proceeds from Sales of assets of the AdvisorCompany.

Subordinated Incentive Fee. Upon Listing (i) Upon Listingother than on the Pink Sheets or the OTC Bulletin Board), the Advisor shall be entitled to paid the Subordinated Incentive Fee in an amount equal to 15.010% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “"Market Value”"), plus the total of all Distributions paid to Stockholders from the Company’s 's inception until the date that Market Value is determinedof Listing, exceeds (ii) the sum of (A) Gross Investment Amount 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 6' 8% Return from inception through the date the Market Value is determined. The Company shall have the option to pay such fee in the form of cash, SharesSecurities, a promissory note or any combination of the foregoing. In the event the The Subordinated Incentive Fee is paid will be reduced by the amount of any prior payment to the Advisor following Listingof a deferred, no other performance fee will be paid to subordinated share of Net Sales Proceeds from Sales of assets of the AdvisorCompany.

Subordinated Incentive Fee. (i) Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.015% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders (excluding any stock dividends) from the Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) Gross Investment Amount 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 67% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor.

Subordinated Incentive Fee. (i) Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.0% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “"Market Value”"), plus the total of all Distributions paid to Stockholders Shareholders from the Company’s 's inception until the date that Market Value is determined, exceeds (ii) the sum of (A) Gross Investment Amount 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders Shareholders in order to pay the Stockholders’ 6Shareholders' 7% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. The Subordinated Incentive Fee will be reduced by the amount of any prior payment to the Advisor of a Subordinated Share of Net Sales Proceeds. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor.

Subordinated Incentive Fee. (i) Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.0% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders from the Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) Gross Investment Amount 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 68% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. The Subordinated Incentive Fee will be reduced by the amount of any prior payment to the Advisor of a Subordinated Share of Net Sales Proceeds. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor.

Subordinated Incentive Fee. (i) Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.0% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders Shareholders from the Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) Gross Investment Amount 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders Shareholders in order to pay the StockholdersShareholders’ 67% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. The Subordinated Incentive Fee will be reduced by the amount of any prior payment to the Advisor of a Subordinated Share of Net Sales Proceeds. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor.

Subordinated Incentive Fee. Upon Listing (i) Upon Listingother than on the Pink Sheets or the OTC Bulletin Board), the Advisor shall be entitled to paid the Subordinated Incentive Fee in an amount equal to 15.010% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders from the Company’s inception until the date that Market Value is determinedof Listing, exceeds (ii) the sum of (A) Gross Investment Amount 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 68% Return from inception through the date the Market Value is determined. The Company shall have the option to pay such fee in the form of cash, SharesSecurities, a promissory note or any combination of the foregoing. In the event the The Subordinated Incentive Fee is paid will be reduced by the amount of any prior payment to the Advisor following Listingof a deferred, no other performance fee will be paid to Subordinated Share of Net Sales Proceeds from Sales of assets of the AdvisorCompany.