Common use of Electronic Delivery of Disclosures and Schedule K-1 Clause in Contracts

Electronic Delivery of Disclosures and Schedule K-1. The Subscriber understands that the Company and the Managing Member expect to deliver tax return information, including Schedule K- 1s (each, a “K-1”) to the Subscriber by either electronic mail, a posting to a Subscriber-accessible platform, or some other form of electronic delivery. Pursuant to IRS Rev. Proc. 2012-17 (Feb. 13, 2012), the Subscriber hereby expressly understands, consents to, and acknowledges such electronic delivery of tax returns and related information. (i) The Subscriber’s consent to electronic delivery will apply to all future K–1s unless such consent is withdrawn by the Subscriber. (ii) If for any reason the Subscriber would like a paper copy of the K-1 after the Subscriber has consented to electronic delivery, the Subscriber may submit a request via email to ▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or send a written request to SREIF Manager II, LLC, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 190, Campbell CA 95008 Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇. Requesting a paper copy of the Subscriber’s K-1 will not be treated as a withdrawal of consent (iii) If the Subscriber in the future determines that it no longer consents to electronic delivery, the Subscriber will need to notify the Company so that it can arrange for a paper K-1 to be delivered to the address that the Company then currently has on file. The Subscriber may submit notice via email to ▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or send a written request SREIF Manager II, LLC, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 190, Campbell CA 95008 Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇. The Subscriber’s consent is considered withdrawn on the date the Company receives the written request to withdraw consent. The Company will confirm the withdrawal and its effective date in writing. A withdrawal of consent does not apply to a K-1 that was emailed to the Subscriber before the effective date of the withdrawal of consent. (iv) The Company (or the Managing Member) will cease providing statements to the Subscriber electronically if the Subscriber provides notice to withdraw consent, if the Subscriber ceases to be a member of the Company, or if regulations change to prohibit the form of delivery. (v) If the Subscriber needs to update the Subscriber’s contact information that is on file, please email the update to the Managing Member. The Subscriber will be notified if there are any changes to the contact information of the Company. (vi) The Subscriber’s K-1 may be required to be printed and attached to a federal, state, or local income tax return. (i) ACKNOWLEDGES THAT ANY MISSTATEMENT MAY RESULT IN AN IMMEDIATE REDEMPTION OF SUBSCRIBER’S INTERESTS. (ii) AGREES THAT IF THE COMPANY BELIEVES THAT SUBSCRIBER OR A BENEFICIAL OWNER OF SUBSCRIBER IS A PROHIBITED INVESTOR, THE COMPANY MAY BE OBLIGATED TO FREEZE SUBSCRIBER’S INVESTMENT, DECLINE TO MAKE DISTRIBUTIONS OR SEGREGATE THE ASSETS CONSTITUTING SUBSCRIBER’S INVESTMENT WITH THE COMPANY IN ACCORDANCE WITH APPLICABLE LAW. SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT INDIVIDUALS Subscriber #1: Subscriber #2: (if more than one individual) SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT ENTITIES Subscriber: 1. Name of Subscriber: 2. Subscription Amount: 3. U.S. Taxpayer Identification Number or Social Security Number (if applicable): 4. Jurisdiction of Organization (for entities): 5. Subscriber’s Address of Residence or Principal Place of Business: 6. Address for Delivery and Notices (if different from above): 7. Phone Number:

Electronic Delivery of Disclosures and Schedule K-1. The Subscriber understands that the Company and the Managing Member expect to deliver tax return information, including Schedule K- 1s K-1s (each, a “K-1”) to the Subscriber by either electronic mail, a posting to a Subscriber-accessible platform, or some other form of electronic delivery. Pursuant to IRS Rev. Proc. 2012-17 (Feb. 13, 2012), the Subscriber hereby expressly understands, consents to, and acknowledges such electronic delivery of tax returns and related information. (i) The Subscriber’s consent to electronic delivery will apply to all future K–1s unless such consent is withdrawn by the Subscriber. (ii) If for any reason the Subscriber would like a paper copy of the K-1 after the Subscriber has consented to electronic delivery, the Subscriber may submit a request via email to ▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or send a written request to SREIF Manager II, LLC, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1907 th Floor , Campbell Campbell, CA 95008 , Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇. Requesting a paper copy of the Subscriber’s K-1 will not be treated as a withdrawal of consent (iii) If the Subscriber in the future determines that it no longer consents to electronic delivery, the Subscriber will need to notify the Company so that it can arrange for a paper K-1 to be delivered to the address that the Company then currently has on file. The Subscriber may submit notice via email to ▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or send a written request SREIF Manager II, LLC, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1907 th Floor , Campbell Campbell, CA 95008 Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇. The Subscriber’s consent is considered withdrawn on the date the Company receives the written request to withdraw consent. The Company will confirm the withdrawal and its effective date in writing. A withdrawal of consent does not apply to a K-1 that was emailed to the Subscriber before the effective date of the withdrawal of consent. (iv) The Company (or the Managing Member) will cease providing statements to the Subscriber electronically if the Subscriber provides notice to withdraw consent, if the Subscriber ceases to be a member of the Company, or if regulations change to prohibit the form of delivery. (v) If the Subscriber needs to update the Subscriber’s contact information that is on file, please email the update to the Managing Member. The Subscriber will be notified if there are any changes to the contact information of the Company. (vi) The Subscriber’s K-1 may be required to be printed and attached to a federal, state, or local income tax return. (i) AGREES TO THE TERMS OF THE SUBSCRIPTION AGREEMENT. (ii) ACKNOWLEDGES THAT ANY MISSTATEMENT MAY RESULT IN AN IMMEDIATE REDEMPTION OF SUBSCRIBER’S INTERESTS. (iiiii) AGREES THAT IF THE COMPANY BELIEVES THAT SUBSCRIBER OR A BENEFICIAL OWNER OF SUBSCRIBER IS A PROHIBITED INVESTOR, THE COMPANY MAY BE OBLIGATED TO FREEZE SUBSCRIBER’S INVESTMENT, DECLINE TO MAKE DISTRIBUTIONS OR SEGREGATE THE ASSETS CONSTITUTING SUBSCRIBER’S INVESTMENT WITH THE COMPANY IN ACCORDANCE WITH APPLICABLE LAW. SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT INDIVIDUALS Subscriber #1: Subscriber #2: (if more than one individual) SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT ENTITIES Subscriber: 1. Name of Subscriber: 2. Subscription Amount: 3. U.S. Taxpayer Identification Number or Social Security Number (if applicable): 4. Jurisdiction of Organization (for entities): 5. Subscriber’s Address of Residence or Principal Place of Business: 6. Address for Delivery and Notices (if different from above): 7. Phone Number:.