Common use of Submission of Orders Clause in Contracts

Submission of Orders. Those persons who purchase Shares shall make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall make their checks payable to “CIM Income NAV▇▇▇▇ Credit Property Trust V, Inc.” or, alternatively, “CIM REITCCPT V” or or, in the event that the purchase is made using a Joint Subscription Agreement, “▇▇▇▇ REIT.” Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize the Dealer, if the Dealer is a “$250,000 broker-dealer,” ”, to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer ManagerCompany by the end of the next business day following receipt of the subscription documents and the checks. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check checks must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkchecks. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkchecks, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer ManagerCompany.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “"▇▇▇▇▇ Fargo Bank Iowa, ▇▇▇▇▇▇▇ Commercial Properties REIT.” " Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM HMS Income NAVFund, Inc.” or, alternativelyin the alternative, “CIM REIT” or “▇▇▇▇ REIT.” may be given instructions for wiring funds to the appropriate account. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods in the manner described above for the aggregate amount of the subscription proceedsthis Article III. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of to the subscription documents Company for deposit in a segregated account until the Initial Closing or the next Periodic Closing has occurred or until the relevant Minimum Offering has been achieved, as applicable. Where, pursuant to the Dealer’s internal supervisory procedures, final and check. The Final Review Office willinternal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end of the subscription documents and check, conduct its suitability review of next business day following receipt at a different location by the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents Final Review Office such checks to the Dealer ManagerCompany for deposit in a segregated account until the Initial Closing or the next Periodic Closing has occurred or until the relevant Minimum Offering has been achieved, as applicable.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “"▇▇▇▇▇ Fargo Bank Iowa, ▇▇▇▇▇▇▇ Commercial Properties REIT.” " The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are "$250,000 broker-dealers" to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers' checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer's internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker-dealer from the Dealers will, in all cases, be forwarded to the escrow agent as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer ManagerManager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealers to make their checks payable to “CIM Income NAVUMB Bank, N.A. as escrow agent for ▇▇▇▇▇▇▇ vREIT XXI, Inc.” oruntil such time as Dealer Manager is informed that the minimum escrow offering amount has been reached, alternativelyand after the minimum offering requirements, “CIM REIT” or the checks should be made payable to “▇▇▇▇▇▇▇ REIT.” vREIT XXI, Inc. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted to the Escrow Agent until such time as the Dealer Manager is informed that the minimum escrow offering amount has been reached and at such time checks should be transmitted to the Transfer Agent for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to such Dealer. In such case, the Dealer will collect the proceeds of the subscribers’ checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the Company (or the escrow agent as the case may be). (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer Managertransfer agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer’s internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward both the subscription documents and check to the transfer agent. 12.4 If requested by the Company, the Dealer ManagerManager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company.

Submission of Orders. Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons acceptable to the Company to purchase the Shares pursuant to the subscription agreement in the form attached to the Prospectus and in accordance with the terms of the Prospectus. Dealer hereby agrees to diligently make inquiries as required by this Agreement, as set forth in the Prospectus, and as required by all applicable laws of all prospective investors in order to ascertain whether a purchase of the Shares is suitable for each such investor. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAVUMB Bank, Inc.” orNational Association, alternatively, “CIM REIT” or “▇▇▇▇ REITas escrow agent for Gladstone Land Corporation.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods: 1. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer for deposit directly with the Company in accordance with the procedures set forth in the Prospectus. 2. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office willwill in turn transmit, by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents such checks to the Dealer ManagerCompany for deposit with the Company in accordance with the procedures set forth in the Prospectus.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank, N.A., as Escrow Agent for Hines Real Estate Investme▇▇ ▇▇ust, Inc.” or" where appropriate, alternativelyor direct▇▇ ▇▇ Hines Real Estate Investment Trust, “CIM REIT” or “Inc after the Minimum Offering has ▇▇▇▇ REIT.” achieved. Dealer hereby agrees to be bound by the terms of the Amended and Restated Escrow Agreement executed as of February 25, 2004, between Wells Fargo Bank, N.A., as escrow agent, and the Company. Any Dealer r▇▇▇▇▇ing a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods in the manner described above for the aggregate amount of the subscription proceedsthis Article II. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer's internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of to the subscription documents Company for deposit with an escrow agent, where appropriate, or for deposit directly with the Company after the Minimum Offering has been achieved. Where, pursuant to the Dealer's internal supervisory procedures, final and check. The Final Review Office willinternal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the "Final Review Office"). The Final Review Office will in turn transmit by the end of the subscription documents and check, conduct its suitability review of next business day following receipt at a different location by the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents Final Review Office such checks to the Dealer ManagerCompany for deposit with an escrow agent, where appropriate, or for deposit directly with the Company after the Minimum Offering has been achieved.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV"Behringer Harvard REIT I, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” " Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, "Dividend Capital Trust Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” " Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods in the manner described above for the aggregate amount of the subscription proceedsthis Article II. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer's internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted in care of the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office Manager by the end of the next business day following receipt by the Dealer for deposit to Dividend Capital Trust Inc. Where, pursuant to the Dealer's internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the "Final Review Office"). The Final Review Office willwill in turn, by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents transmit such checks for deposit to the Dealer Manager.Dividend Capital Trust Inc.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAVBehringer Harvard Opportunity REIT II, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to the instructions set forth above shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions set forth above shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceedsproceeds made payable to “Behringer Harvard Opportunity REIT II, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and checks (i) by way of U.S. Mail to Behringer Harvard Investment Services, ▇.▇. ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (“Investment Services”) or (ii) by way overnight delivery or express mail to Investment Services, ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ by the Dealer Managerend of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward both the subscription documents and check to Investment Services. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those 12.1 Until such time as the Company has received and accepted subscriptions for at least 200,000 shares and released the proceeds from such subscriptions from escrow (or such greater amount as may be applicable in respect of any greater escrow in respect of subscribers from New York and Pennsylvania), those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable as provided in the Escrow Agreement. The Dealer Manager and any Dealer receiving a check not conforming to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers’ checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent, or if instructed by the Dealer Manager as provided above, made payable to the order of the Company. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer Manager and (ii) the checks to the escrow agent or the Dealer Manager, as applicable, by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer’s internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker-dealer from the Dealers will, in all cases, be forwarded to the escrow agent as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer ManagerManager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company.

Submission of Orders. Those persons who purchase Class A Common Shares shall pursuant to the Offering will be instructed by the Dealer to make their checks payable to “CIM Income NAVBank of Texas, Inc.” orEscrow Agent for New School Properties, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Inc. and such checks will be promptly deposited into the escrow account established by the Issuer and Dealer Manager. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Class A Common Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds Issuers will be made in accordance with the following procedures: (a) If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Issuer or the Dealer Manager, the Dealer shall obtain from subscribers for the Class A Common Shares, other documentation reasonably deemed by the Issuer or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Issuer or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Issuer or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAVBehringer Harvard Multifamily REIT I, Inc.” orAny Dealer receiving a check not conforming to the instructions as set forth above, alternativelyas applicable, “CIM REIT” or “▇▇▇▇ REIT.” shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions as set forth above, as applicable, shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. proceeds made payable to “Behringer Harvard Multifamily REIT I, Inc.” Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to Investment Services and (ii) the Dealer Managerchecks to Investment Services, as applicable, by the end of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to Investment Services in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAVPeople’s United Bank, as escrow agent for Plymouth Opportunity REIT, Inc.” or, alternativelyafter the Minimum Offering has been achieved, “CIM REIT” or “▇▇▇▇ REIT.” to the Company. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealerpursuant to one of the following methods: Where, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company or its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents transmit such checks for deposit to the Dealer Managerescrow agent for the Company or, after the Minimum Offering has been achieved, to the Company or its agent.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV▇▇▇▇ Credit Property Trust III, Inc.” or, alternatively, or alternatively “CIM REITCCPT III” or “▇▇▇▇ REIT▇.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in to the manner described above order of the Dealer Manager for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction transaction, and if the Dealer determines the transaction is suitable and the paperwork is in good order order, forward the subscription documents and check to the Dealer ManagerManager by the end of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction transaction, and if Dealer determines the transaction is suitable and the paperwork is in good order order, forward the subscription documents and check to the Dealer Manager. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary for the Dealer Manager to perform its suitability reviewed as required according to the Prospectus and Section 11 of the Dealer Manager Agreement.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇▇ REIT.” Fergo Bank, N.A., as Escrow Agent for ▇▇▇▇ Credit Property Trust II, Inc." Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by the end of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons acceptable to the Company to purchase the Shares pursuant to the subscription agreement in the form attached to the Prospectus and in accordance with the terms of the Prospectus. Dealer hereby agrees to diligently make inquiries as required by this Agreement, as set forth in the Prospectus, and as required by all applicable laws of all prospective investors in order to ascertain whether a purchase of the Shares is suitable for each such investor. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.▇▇▇▇-American Healthcare REIT II, Inc.” Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the following methods: 1. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted promptly the next business day following receipt by Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents for deposit to the Dealer ManagerCompany. (b) If 2. Where, pursuant to the Dealer’s internal supervisory procedures are to be performed procedures, final internal supervisory review is conducted at a different location location, checks will be transmitted promptly on the next business day following receipt by Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of will in turn transmit promptly on the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents such checks for deposit to the Dealer Managerescrow agent or the Company, as applicable.

Submission of Orders. Those persons who purchase Shares shall Except as set forth below, subscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the account of “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “Cantor ▇▇▇▇▇▇▇▇▇▇ REIT.Income Trust, Inc.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its . Where, pursuant to a Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted by the Dealer shall conduct its suitability review end of the transaction and if the transaction is suitable and the paperwork is in good order forward next business day following receipt of the subscription documents and the check by the Dealer to the Dealer Manager. (b) If Company or to such other account or agent as directed by the Company. Where, pursuant to a Dealer’s internal supervisory procedures are to be performed procedures, final internal supervisory review is conducted at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, will transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office to the Company or to such other account or agent as directed by the Company. Subscription orders which include completed and executed subscription documents in “good order” and instruments of payment received by the Company at least five (5) business days prior to the first calendar day of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to month (unless waived by the Dealer Manager) shall be executed as of the first business day of the next month (based on the prior month’s transaction price). Subscription requests will not be accepted by the Company before the later of (i) two business days before the first calendar day of each month and (ii) three business days after the Company makes the transaction price publicly available. Any repurchase requests must be made in accordance with the applicable procedures described in the Company’s offering document, the Company’s share repurchase plan, and applicable law, rules and regulations. The parties acknowledge and agree that a repurchase request is not received in “good order’’ unless the repurchase request and all required documentation is complete and received by the Company’s transfer agent by the applicable repurchase request deadline described in the Company’s offering document or otherwise specified by the Company in writing.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAVBehringer Harvard Multifamily REIT I, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers’ checks and issue a check for the aggregate amount of the subscription proceeds made payable to “Behringer Harvard Multifamily REIT I, Inc.” (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (a) the subscription documents (i) by way of U.S. Mail to the Dealer ManagerBehringer Harvard Investment Services, ▇. ▇. ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (“Investment Services”) or (ii) by way overnight delivery or express mail to Investment Services, ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ and (b) the checks to Investment Services, as applicable, by the end of the next business day following receipt of the subscription documents and the check. 12.3 If the a Dealer’s internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to Investment Services in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the Dealer Managerprivacy policies of the Company.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to the Company, except for subscriptions to purchase Class T Shares from Benefit Plan Investors. Checks from Benefit Plan Investors subscribing to purchase Class T Shares must be made payable to “CIM Income NAVUMB Bank, N.A., as escrow agent for KBS Strategic Opportunity REIT II, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” until the Ownership Condition has been satisfied. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealerpursuant to one of the following methods: Where, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer for deposit to the Company or its agent, except for subscriptions to purchase Class T Shares from Benefit Plan Investors. The Dealer will transmit checks from Benefit Plan Investors who are subscribing to purchase Class T Shares for deposit to the escrow agent for the Company or, after the Ownership Condition has been satisfied, to the Company or its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents transmit such checks for deposit to the Dealer ManagerCompany or its agent, except for subscriptions to purchase Class T Shares from Benefit Plan Investors. The Final Review Office will transmit checks from Benefit Plan Investors who are subscribing to purchase Class T Shares for deposit to the escrow agent for the Company or, after the Ownership Condition has been satisfied, to the Company or its agent.

Submission of Orders. Those persons who purchase Shares shall make their checks payable to “CIM Income NAV▇▇▇▇ Office & Industrial REIT (CCIT II), Inc.” or, or alternatively, “CIM REITCCIT II” or or, in the event that the purchase is made using a Joint Subscription Agreement, “▇▇▇▇ REIT.” Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” ”, to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer ManagerCompany by the end of the next business day following receipt of the subscription documents and the checks. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer ManagerCompany.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealers to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇▇▇▇ REIT.” Short Term Income Properties XX, Inc.”. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted to the Transfer Agent for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to such Dealer. In such case, the Dealer will collect the proceeds of the subscribers’ checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the Company. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer Managertransfer agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer’s internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward both the subscription documents and check to the transfer agent. 12.4 If requested by the Company, the Dealer ManagerManager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares shall be instructed by the Dealer to make their checks payable to or wire transfer directed to “CIM Income NAVUMB Bank, N.A., as Escrow Agent for Rodin Global Property Trust, Inc.” orAfter the Company meets the Minimum Offering requirement of $2,000,000, alternativelysubscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the account of “Rodin Global Property Trust, “CIM REITInc.” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its . Where, pursuant to a Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted by the Dealer shall conduct its suitability review end of the transaction and if the transaction is suitable and the paperwork is in good order forward next business day following receipt of the subscription documents and the check by the Dealer to the Dealer Manager. (b) If escrow agent or, after the Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. Where, pursuant to a Dealer’s internal supervisory procedures are to be performed procedures, final internal supervisory review is conducted at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, will transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office to the escrow agent or, after the Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. The Dealer agrees to be bound by the terms of the Escrow Agreement executed as of , 2016, by UMB Bank, N.A., as Escrow Agent, the Dealer Manager and the Company. Dealers shall deliver checks and completed subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents required to be sent to the Dealer Managerescrow agent pursuant to this Section II via overnight courier to UMB Bank, N.A., as Escrow Agent for Rodin Global Property Trust, Inc., Attention: [●].

Submission of Orders. Those persons who purchase Shares shall make their checks payable to “CIM Income NAV▇▇▇▇ Credit Property Trust V, Inc.” or, alternatively, “CIM REITCCPT V” or or, in the event that the purchase is made using a Joint Subscription Agreement, “▇▇▇▇ REIT.” Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” ”, to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer ManagerCompany by the end of the next business day following receipt of the subscription documents and the checks. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer ManagerCompany.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAVBehringer Harvard Opportunity REIT II, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods described in this Section 12. The Dealer Manager may authorize Dealer, if Dealer is a certain Dealers which are “$250,000 broker-dealer,dealers” to instruct its their customers to make its their checks for Shares subscribed for payable directly to the Dealer. In such case, in which case the Dealer will collect the proceeds of the subscriber’s subscribers’ checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceedsproceeds made payable to “Behringer Harvard Opportunity REIT II, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following procedures:. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and checks (i) by way of U.S. Mail to Behringer Harvard Investment Services, ▇.▇. ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (“Investment Services”) or (ii) by way overnight delivery or express mail to Investment Services, ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ by the Dealer Managerend of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer’s internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward both the subscription documents and check to Investment Services. 12.4 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the Dealer Managerprivacy policies of the Company.

Submission of Orders. Those persons who purchase Shares shall make their checks payable, prior to the time the Company reaches the Minimum Offering, to “UMB Bank, N.A., Agent for ▇▇▇▇ Credit Property Trust V, Inc.” or a recognizable contraction or abbreviation thereof, including but not limited to “UMB Bank, N.A., f/b/o CCPT V” or, in the event that the purchase is made using Joint Subscription Agreement, “UMB Bank, N.A., Agent for ▇▇▇▇ REIT” or a recognizable contraction or abbreviation thereof. After the Company reaches the Minimum Offering, checks should be made payable to “CIM Income NAV▇▇▇▇ Credit Property Trust V, Inc.” or, alternatively, “CIM REITCCPT V” or or, in the event that the purchase is made using a Joint Subscription Agreement, “▇▇▇▇ REIT.” Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” ”, to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer Manager. Manager and (bii) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted checks to the Final Review Office Escrow Agent by the end of the next business day following receipt by the Dealer of the subscription documents and the check. The Final Review Office will, by prior to the end completion of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager.Minimum

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAV"Behringer Harvard REIT I, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” " The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are "$250,000 broker-dealers" to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers' checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer's internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker dealer from the Dealers will, in all cases, be forwarded to the escrow agent as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer ManagerManager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company.

Submission of Orders. 12.1 Those persons who purchase Shares shall Units will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank Iowa, Inc.” orN.A., alternatively, “CIM REIT” or “as escrow agent for Behringer Harvard Sho▇▇-▇▇ REIT▇rm Opportunity Fund I LP.” " The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are "$250,000 broker-dealers" to instruct their customers to make their checks for Units subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscriber's checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer's internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker-dealer from the Dealers will, in all cases, be forwarded to the escrow agent as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer ManagerManager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” an escrow agent for the Company. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its : Where, pursuant to a Dealer's internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted in care of the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office Manager by the end of the next business day following receipt by the Dealer for deposit to the escrow agent. Where, pursuant to a Dealer's internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the "Final Review Office"). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office Office, transmit such checks in care of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents Dealer Manager for deposit to the Dealer Managerescrow agent.

Submission of Orders. Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons acceptable to the Company to purchase the Shares pursuant to the subscription agreement in the form attached to the Prospectus and in accordance with the terms of the Prospectus. Dealer hereby agrees to diligently make inquiries as required by this Agreement, as set forth in the Prospectus, and as required by all applicable laws of all prospective investors in order to ascertain whether a purchase of the Shares is suitable for each such investor. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAVPacific Office Properties Trust, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the following methods: 1. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by Dealer for deposit to the Company. 2. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by Dealer to the office of the Dealer of conducting such final internal supervisory review (the subscription documents and check“Final Review Office”). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents transmit such checks for deposit to the Dealer ManagerCompany.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAVBehringer Harvard REIT I, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above to “Behringer Harvard REIT I, Inc.” for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the Dealer Manager by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons who acceptable to the Company to purchase Shares shall the Bonds pursuant to the subscription agreement in the form attached to the Offering Circular and in accordance with the terms of the Offering Circular. Dealer hereby agrees to diligently make inquiries as required by this Agreement, as set forth in the Offering Circular, and as required by all applicable laws of all prospective investors in order to ascertain whether a purchase of the Bonds is suitable for each such investor. If persons purchase Bonds through DRS Settlement via check, they will be instructed by the Dealer to make their checks payable to “CIM Income NAVThe Gladstone Companies, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Any Dealer receiving a check for the purchase of Bonds through DRS Settlement not conforming to the foregoing instructions shall return such check directly to such subscriber. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods: 1. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer for deposit directly with the Company in accordance with the procedures set forth in the Offering Circular. 2. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office willwill in turn transmit, by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents such checks to the Dealer ManagerCompany for deposit with the Company in accordance with the procedures set forth in the Offering Circular.

Submission of Orders. Those persons who purchase Shares shall Units will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “"▇▇▇▇▇ REITFargo Bank Iowa, N.A., as escrow agent for Behringer Harvard Mid-Term Value Enhancement Fund I LP.” " Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares Units subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Partnership or the Dealer Manager, the Dealer shall obtain from subscribers for the Units, other documentation reasonably deemed by the Partnership or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Partnership or the Dealer Manager. Such documentation may include, without limitation, subscriber written acknowledgement and agreement to the privacy policies of the Partnership or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇▇ REIT.Fargo Bank, N.A., Escrow Agent for ▇▇▇▇ Credit Property Trust, Inc.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons who acceptable to the Company to purchase the Shares pursuant to the subscription agreement in the form attached to the Prospectus and in accordance with the terms of the Prospectus. Dealer hereby agrees to diligently make inquiries as required by this Agreement, as set forth in the Prospectus, and as required by all applicable laws of all prospective investors in order to ascertain whether a purchase of the Shares is suitable for each such investor. If persons purchase Shares shall via check and subscription agreement, they will be instructed by the Dealer to make their checks payable to “CIM Income NAVUMB Bank, Inc.” orNational Association, alternatively, “CIM REIT” or “▇▇▇▇ REITas escrow agent for Gladstone Land Corporation.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods: 1. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer for deposit directly with the Company in accordance with the procedures set forth in the Prospectus. 2. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office willwill in turn transmit, by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents such checks to the Dealer ManagerCompany for deposit with the Company in accordance with the procedures set forth in the Prospectus.

Submission of Orders. 12.1 Those persons who purchase Shares shall Common Stock will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Prospect Floating Rate and Alternative Income NAVFund, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” The Dealer Manager and any Dealer receiving a check not conforming to this instruction shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or any Dealer which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit as set forth belowalong with a completed application, using the form provided by the Company. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the location where at which the subscription documents and checks are check for the purchase of Common Stock were initially receivedreceived by Dealer from the subscriber, the Dealer shall conduct its suitability review transmit the subscription and check for the purchase of Common Stock by the end of the transaction next business day following receipt of the check and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If Company for deposit directly with the Company. Where, pursuant to Dealer’s internal supervisory procedures are to be performed procedures, Dealer’s final internal supervisory review is conducted at a different location (the “Final Review Office”), Dealer shall transmit the subscription documents and check must be transmitted for the purchase of Common Stock to the Final Review Office by the end of the next business day following Dealer’s receipt by the Dealer of the subscription documents and checkcheck for the purchase of Common Stock. The Final Review Office will, by the end of the next business day following its receipt by the Final Review Office of the subscription documents and checkcheck for the purchase of Common Stock, conduct its suitability review forward both the subscription and check for the purchase of Common Stock to the Company for deposit directly with the Company. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Common Stock subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the transaction subscribers’ checks and if issue a check for the transaction is suitable and the paperwork is in good order forward aggregate amount of the subscription documents proceeds made payable to “Prospect Floating Rate and Alternative Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. 12.2 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Common Stock, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the Dealer Managerprivacy policies of the Company.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAVC▇▇▇ Credit Property Trust II, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in to the manner described above order of the Company for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the Company by the end of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall Except as set forth below, subscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the account of “CIM Income NAVRodin Global Property Trust, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its . Where, pursuant to a Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted by the Dealer shall conduct its suitability review end of the transaction and if the transaction is suitable and the paperwork is in good order forward next business day following receipt of the subscription documents and the check by the Dealer to the Dealer Manager. (b) If Company or to such other account or agent as directed by the Company. Where, pursuant to a Dealer’s internal supervisory procedures are to be performed procedures, final internal supervisory review is conducted at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, will transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office to the Company or to such other account or agent as directed by the Company. Subscription orders which include completed and executed subscription documents in “good order” and instruments of payment received by the Company at least five (5) business days prior to the first calendar day of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to month (unless waived by the Dealer Manager) shall be executed as of the first business day of the next month (based on the prior month’s transaction price). Subscription requests will not be accepted by the Company before the later of (i) two business days before the first calendar day of each month and (ii) three business days after the Company makes the transaction price publicly available. Any repurchase requests must be made in accordance with the applicable procedures described in the Company’s offering document, the Company’s share repurchase plan, and applicable law, rules and regulations. The parties acknowledge and agree that a repurchase request is not received in “good order’’ unless the repurchase request and all required documentation is complete and received by the Company’s transfer agent by the applicable repurchase request deadline described in the Company’s offering document or otherwise specified by the Company in writing.

Submission of Orders. Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons acceptable to the Company to purchase the Shares pursuant to the subscription agreement in the form attached to the Prospectus and in accordance with the terms of the Prospectus. Dealer hereby agrees to diligently make inquiries as required by this Agreement, as set forth in the Prospectus, and as required by all applicable laws of all prospective investors in order to ascertain whether a purchase of the Shares is suitable for each such investor. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇▇ REIT.& ▇▇▇▇▇ Healthcare REIT II, Inc.” Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the following methods: 1. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by Dealer for deposit to the Company. 2. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by Dealer to the office of the Dealer of conducting such final internal supervisory review (the subscription documents and check“ Final Review Office ”). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents transmit such checks for deposit to the Dealer Managerescrow agent or the Company, as applicable.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Priority Income NAVFund, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to this instruction shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit as set forth belowalong with a completed application, using the form provided by the Company. The Dealer Manager may authorize Dealer, the Dealer if the Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer. In such case, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceedsproceeds made payable to “Priority Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the location where at which the subscription documents and checks for purchase of Shares are initially receivedreceived by Dealer from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward transmit the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must for the purchase of Shares will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the check and subscription documents to the Company for deposit directly with the Company. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location (the “Final Review Office”), Dealer shall transmit the subscription and checkchecks for the purchase of Shares and subscription to the Final Review Office by the end of the next business day following Dealer’s receipt of the subscription and check for the purchase of Shares. The Final Review Office will, by the end of the next business day following its receipt by the Final Review Office of the subscription documents and checkcheck for the purchase of Shares, conduct its suitability review forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the transaction Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and if agreement to the transaction is suitable and privacy policies of the paperwork is in good order forward the subscription documents to Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “"▇▇▇▇▇ REIT.” Fargo Bank Iowa, N.A., as escrow agent for Behringer Harvard REIT I, Inc." Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Prospect Floating Rate and Alternative Income NAVFund, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” The Dealer Manager and any Dealer receiving a check not conforming to this instruction shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or any Dealer which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit as set forth below. The Dealer Manager may authorize Dealeralong with a completed application, if Dealer is a “$250,000 using the form provided by the Company, provided the transaction has already completed the internal supervisory review of the broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly dealer of record. Where, pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the location where at which the subscription documents and checks are check for the purchase of Shares were initially receivedreceived by Dealer from the subscriber, the Dealer shall conduct its suitability review transmit the subscription and check for the purchase of Shares by the end of the transaction next business day following receipt of the check and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If Company for deposit directly with the Company, provided the internal supervisory procedures are review has been completed. Where, pursuant to be performed Dealer’s internal supervisory procedures, ▇▇▇▇▇▇’s final internal supervisory review is conducted at a different location (the “Final Review Office”), Dealer shall transmit the subscription documents and check must be transmitted for the purchase of Shares to the Final Review Office by the end of the next business day following ▇▇▇▇▇▇’s receipt by the Dealer of the subscription documents and checkcheck for the purchase of Shares. The Final Review Office will, by the end of the next business day following its receipt by the Final Review Office of the subscription documents and checkcheck for the purchase of Shares, conduct its suitability review forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the transaction subscribers’ checks and if issue a check for the transaction is suitable and the paperwork is in good order forward aggregate amount of the subscription documents proceeds made payable to “Prospect Floating Rate and Alternative Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. 12.2 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the Dealer Managerprivacy policies of the Company.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank, N.A., as Escrow Agent for Hines Real Estate Investme▇▇ ▇▇ust, Inc.” or" where appropriate, alternativelyor direct▇▇ ▇▇ "Hines Real Estate Investment Trust, “CIM REIT” or “Inc." after the Minimum Offering h▇▇ ▇▇en achieved. Dealer hereby agrees to be bound by the terms of the Amended and Restated Escrow Agreement executed as of February 25, 2004, between Wells Fargo Bank, N.A., as escrow agent, and the Company ("Escrow Agre▇▇▇▇ REIT.” ▇▇"). Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods in the manner described above for the aggregate amount of the subscription proceedsthis Article II. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer's internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of to the subscription documents Company for deposit with an escrow agent, where appropriate, or for deposit directly with the Company after the Minimum Offering has been achieved. Where, pursuant to the Dealer's internal supervisory procedures, final and check. The Final Review Office willinternal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the "Final Review Office"). The Final Review Office will in turn transmit by the end of the subscription documents and check, conduct its suitability review of next business day following receipt at a different location by the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents Final Review Office such checks to the Dealer ManagerCompany for deposit with an escrow agent, where appropriate, or for deposit directly with the Company after the Minimum Offering has been achieved.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇▇ Fargo Bank, ▇▇▇▇▇▇▇ Commercial Properties REIT.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares shall be instructed by the Dealer to make their checks payable to or wire transfer directed to “CIM UMB Bank, N.A., as Escrow Agent for Rodin Income NAVTrust, Inc.” orAfter the Company meets the Minimum Offering requirement of $2,000,000, alternativelysubscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the account of “Rodin Income Trust, “CIM REITInc.” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its . Where, pursuant to a Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted by the Dealer shall conduct its suitability review end of the transaction and if the transaction is suitable and the paperwork is in good order forward next business day following receipt of the subscription documents and the check by the Dealer to the Dealer Manager. (b) If escrow agent or, after the Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. Where, pursuant to a Dealer’s internal supervisory procedures are to be performed procedures, final internal supervisory review is conducted at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, will transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office to the escrow agent or, after the Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. Dealer agrees to be bound by the terms of the Escrow Agreement executed as of [●], 2018, by UMB Bank, N.A., as Escrow Agent, the Dealer Manager and the Company. Dealers shall deliver checks and completed subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents required to be sent to the Dealer Managerescrow agent pursuant to this Section II via overnight courier to UMB Bank, N.A., as Escrow Agent for Rodin Income Trust, Inc., Attention: [●].

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable, prior to the time the Company reaches its minimum offering, to “UMB Bank, N.A., Agent for ▇▇▇▇ Credit Property Trust III, Inc.” or a recognizable contraction or abbreviation thereof, including but not limited to, “UMB Bank, N.A., f/b/o CCPT III.” After the Company reaches its minimum offering, checks should be payable to “CIM Income NAV▇▇▇▇ Credit Property Trust III, Inc.” or, alternatively, or alternatively “CIM REITCCPT III” or “▇▇▇▇ REIT▇.” Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” ”, to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by the end of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank, Inc.” or, alternatively, “CIM Hartman Commercial Properties REIT” or “." Any Dealer rece▇▇▇▇▇ REIT.” a check not ▇▇▇▇▇▇▇ing to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Common Shares shall pursuant to the Offering will be instructed by the Dealer to make their checks payable to “CIM Income NAVU.S. Bank, Inc.” orEscrow Agent for Medical Hospitality Group, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Inc. and such checks will be promptly deposited into the escrow account established by the Issuer and Dealer Manager. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Common Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds Issuers will be made in accordance with the following procedures: (a) If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Issuer or the Dealer Manager, the Dealer shall obtain from subscribers for the Common Shares, other documentation reasonably deemed by the Issuer or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Issuer or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Issuer or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank, N.A./ Cole Credit Property Trust II, Inc.” or, alternatively, “CIM REIT” or “" Any Deale▇ ▇▇▇▇ REIT.” eiving a check not ▇▇▇▇orming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by the end of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. 12.1 Those persons who purchase Shares shall Units will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank Iowa, Inc.” orN.A., alternatively, “CIM REIT” or “as escrow agent for Behringer Harvard Mi▇-▇▇▇▇ REITm Value Enhancement Fund I LP.” " The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are "$250,000 broker-dealers" to instruct their customers to make their checks for Units subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers' checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer's internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker-dealer from the Dealers will, in all cases, be forwarded to the escrow agent as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer ManagerManager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Partnership, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Units, other documentation reasonably deemed by the Partnership to be required under applicable law or as may be necessary to reflect the policies of the Partnership. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Partnership.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “"▇▇▇▇▇▇▇ Commercial Properties REIT.” " Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall Units will be instructed by the Dealer to make their checks payable to “CIM Income NAV"NationsBank, Inc.” orN.A., alternatively, “CIM REIT” or “as Escrow Agent for ▇▇▇▇▇ REIT.” Real Estate Fund XII, L.P." where appropriate, or to the Partnership after the Minimum Offering has been achieved. Dealer hereby agrees to be bound by the terms of the Escrow Agreement executed as of February 15, 1999 by NationsBank, N.A., as escrow agent, the Dealer Manager and the Partnership, a copy of which is enclosed. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods in the manner described above for the aggregate amount of the subscription proceedsthis Article II. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer's internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted in care of the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office Manager by the end of the next business day following receipt by the Dealer for deposit to an escrow agent, where appropriate, or to the Partnership after the Minimum Offering has been achieved. Where, pursuant to the Dealer's internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the "Final Review Office"). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents transmit such checks for deposit to an escrow agent, where appropriate, or to the Dealer ManagerPartnership after the Minimum Offering has been achieved.

Submission of Orders. Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons acceptable to the Company to purchase the Shares pursuant to the subscription agreement in the form attached to the Prospectus and in accordance with the terms of the Prospectus. Dealer hereby agrees to diligently make inquiries as required by this Agreement, as set forth in the Prospectus, and as required by all applicable laws of all prospective investors in order to ascertain whether a purchase of the Shares is suitable for each such investor. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAVCommerceWest Bank, Inc.” orN.A., alternatively, “CIM REIT” or agent for “▇▇▇▇▇ REIT.& ▇▇▇▇▇ Healthcare REIT II, Inc.” or after the Company reaches its minimum offering, to “▇▇▇▇▇ & ▇▇▇▇▇ Healthcare REIT II, Inc.” Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the following methods: 1. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by Dealer for deposit to the Company. 2. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by Dealer to the office of the Dealer of conducting such final internal supervisory review (the subscription documents and check“Final Review Office”). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents transmit such checks for deposit to the Dealer Managerescrow agent or the Company, as applicable.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAVStrategic Storage Trust, Inc.” orDealer hereby agrees to be bound by the terms of the Escrow Agreement executed by and among The Bank of New York, alternativelyas escrow agent, “CIM REIT” or “▇▇▇▇ REIT.” the Dealer Manager and the Company. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods in the manner described above for the aggregate amount of the subscription proceedsthis Article II. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of to the subscription documents Company for deposit with an escrow agent, where appropriate, or for deposit directly with the Company after the Minimum Offering has been achieved. Where, pursuant to the Dealer’s internal supervisory procedures, final and check. The Final Review Office willinternal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end of the subscription documents and check, conduct its suitability review of next business day following receipt at a different location by the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents Final Review Office such checks to the Dealer ManagerCompany for deposit with an escrow agent, where appropriate, or for deposit directly with the Company after the Minimum Offering has been achieved.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank Iowa, N.A., as escrow agent for Behringer Harvard REI▇ ▇, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” " The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are "$250,000 broker-dealers" to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers' checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer's internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker-dealer from the Dealers will, in all cases, be forwarded to the escrow agent as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer ManagerManager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” an escrow agent for the Company. Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its : Where, pursuant to a Dealer's internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted in care of the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office Manager by the end of the next business day following receipt by the Dealer for deposit to the escrow agent. Where, pursuant to a Dealer's internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the "Final Review Offices"). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office Office, transmit such checks in care of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents Dealer Manager for deposit to the Dealer Managerescrow agent.

Submission of Orders. Those The Dealer agrees to: (i) instruct those persons who purchase Shares shall to make their checks payable to or wire transfers for the account of “CIM Ares Industrial Real Estate Income NAV, Trust Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Checks ”; (ii) return any check not conforming to the foregoing instructions directly to such subscriber not later than the end of the next business day following its receipt; provided that checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures:procedures in paragraphs (iii) through (v) below; (aiii) If where, pursuant to the Dealer conducts its Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, transmit checks by the Dealer shall conduct its suitability review end of the transaction and if the transaction is suitable and the paperwork is in good order forward next business day following receipt of the subscription documents and the check by the Dealer to the Dealer Manager.Company or to such other account or agent as directed by the Company; (biv) If where, pursuant to the Dealer’s internal supervisory procedures are to be performed procedures, final internal supervisory review is conducted at a different location (the “Final Review Office”), the transmit subscription documents and check must be transmitted ​ checks to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, will transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office of to the Company or to such other account or agent as directed by the Company; and (v) deliver checks and completed subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents required to be sent to the Dealer ManagerCompany via overnight courier to Ares Industrial Real Estate Income Trust Inc., c/o SS&C Technologies, Inc., ▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REITBehringer Harvard.” The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers’ checks and issue a check for the aggregate amount of the subscription proceeds made payable to “Behringer Harvard.” (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (a) the subscription documents to the Dealer Manager. Manager and (b) the checks to the Dealer Manager by noon of the next business day following receipt of the subscription documents and the check. 12.3 If the a Dealer’s internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker dealer from the Dealers will, in all cases, be deposited as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer Manager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the Dealer Managerprivacy policies of the Company.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Oxford Park Income NAVFund, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to this instruction shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit as set forth belowalong with a completed application, using the form provided by the Company. The Dealer Manager may authorize Dealer, the Dealer if the Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer. In such case, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceedsproceeds made payable to “Oxford Park Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the location where at which the subscription documents and checks for purchase of Shares are initially receivedreceived by Dealer from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward transmit the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to for the Final Review Office purchase of Shares by the end of the next business day following receipt by the Dealer of the check and subscription documents to the Company for deposit directly with the Company. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location (the “Final Review Office”), Dealer shall transmit the subscription and checkchecks for the purchase of Shares and subscription to the Final Review Office by the end of the next business day following ▇▇▇▇▇▇’s receipt of the subscription and check for the purchase of Shares. The Final Review Office will, by the end of the next business day following its receipt by the Final Review Office of the subscription documents and checkcheck for the purchase of Shares, conduct its suitability review forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the transaction Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and if agreement to the transaction is suitable and privacy policies of the paperwork is in good order forward the subscription documents to Company or the Dealer Manager.

Submission of Orders. Dealer hereby agrees to solicit, as an independent contractor and not as the agent of the Dealer Manager or of the Company (or their affiliates), persons acceptable to the Company to purchase the Shares pursuant to the subscription agreement in the form attached to the Prospectus and in accordance with the terms of the Prospectus. Dealer hereby agrees to diligently make inquiries as required by this Agreement, as set forth in the Prospectus, and as required by all applicable laws of all prospective investors in order to ascertain whether a purchase of the Shares is suitable for each such investor. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or agent for “▇▇▇▇▇ REIT.& ▇▇▇▇▇ Healthcare REIT II, Inc.” or after the Company reaches its minimum offering, to “▇▇▇▇▇ & ▇▇▇▇▇ Healthcare REIT II, Inc.” Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the following methods: 1. The Dealer Manager may authorize DealerWhere, if Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly pursuant to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must checks will be transmitted to the Final Review Office by the end of the next business day following receipt by Dealer for deposit to the Company. 2. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by Dealer to the office of the Dealer of conducting such final internal supervisory review (the subscription documents and check“Final Review Office”). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkOffice, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents transmit such checks for deposit to the Dealer Managerescrow agent or the Company, as applicable.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank Iowa, Behringer Harvard REIT I, Inc.” or, alternatively, “CIM REIT” or “" Any Dealer rece▇▇▇▇▇ REIT.” a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company, the Dealer shall obtain from subscribers for the Shares other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscriber written acknowledgement and agreement to the Dealer Managerprivacy policies of the Company.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank, Inc.” or, alternatively, “CIM Hartman Commercial Properties REIT” or “." The Dealer Mana▇▇▇ ▇nd any Dealer ▇▇▇▇ REIT.” ▇▇▇ing a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are "$250,000 broker-dealers" to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers' checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer's internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker-dealer from the Dealers will, in all cases, be forwarded to the escrow agent as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer ManagerManager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company.

Submission of Orders. Those persons who purchase Shares shall make their checks payable to “CIM Income NAV▇▇▇▇ Office & Industrial REIT (CCIT II), Inc.” or, alternatively, “CIM REITCCIT II” or or, in the event that the purchase is made using a Joint Subscription Agreement, “▇▇▇▇ REIT.” Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize the Dealer, if the Dealer is a “$250,000 broker-dealer,” ”, to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer ManagerCompany by the end of the next business day following receipt of the subscription documents and the checks. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check checks must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkchecks. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and checkchecks, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents and the checks to the Dealer ManagerCompany.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Oxford Park Income NAVFund, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” Any Dealer receiving a check not conforming to this instruction shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit as set forth belowalong with a completed application, using the form provided by the Company. The Dealer Manager may authorize Dealer, the Dealer if the Dealer is a “$250,000 broker-dealer,” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer. In such case, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceedsproceeds made payable to “Oxford Park Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If : Where, pursuant to the Dealer conducts its Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the location where at which the subscription documents and checks for purchase of Shares are initially receivedreceived by Dealer from subscribers, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward transmit the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must for the purchase of Shares will be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the check and subscription documents to the Company for deposit directly with the Company. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location (the “Final Review Office”), Dealer shall transmit the subscription and checkchecks for the purchase of Shares and subscription to the Final Review Office by the end of the next business day following ▇▇▇▇▇▇’s receipt of the subscription and check for the purchase of Shares. The Final Review Office will, by the end of the next business day following its receipt by the Final Review Office of the subscription documents and checkcheck for the purchase of Shares, conduct its suitability review forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the transaction Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and if agreement to the transaction is suitable and privacy policies of the paperwork is in good order forward the subscription documents to Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall Units will be instructed by the Dealer to make their checks payable to “CIM Income NAV"Wells Fargo Bank Iowa, Inc.” orN.A., alternatively, “CIM REIT” or “as escrow agent for Behringer Harvard Mi▇-▇▇▇▇ REITm Value Enhancement Fund I LP.” " Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares Units subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Partnership or the Dealer Manager, the Dealer shall obtain from subscribers for the Units, other documentation reasonably deemed by the Partnership or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Partnership or the Dealer Manager. Such documentation may include, without limitation, subscriber written acknowledgement and agreement to the privacy policies of the Partnership or the Dealer Manager.

Submission of Orders. 12.1 Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable pursuant to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” the escrow instructions contained in the Escrow Agreement. The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. The Dealer Manager may authorize certain Dealers which are "$250,000 broker-dealers" to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscribers' checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent. (a) 12.2 If the a Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by noon of the next business day following receipt of the subscription documents and the check. (b) 12.3 If the a Dealer's internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and checkcheck by the Dealer. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. 12.4 Any check received by the Dealer Manager directly or as processing broker-dealer from the Dealers will, in all cases, be forwarded to the escrow agent as soon as practicable, but in any event by the end of the second business day following receipt by the Dealer ManagerManager of the subscription documents and check. Checks of rejected subscribers will be promptly returned to such subscribers. 12.5 If requested by the Company, the Dealer Manager shall obtain, and shall cause the Dealers to obtain, from subscribers for the Shares, other documentation reasonably deemed by the Company to be required under applicable law or as may be necessary to reflect the policies of the Company. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company.

Submission of Orders. (a) Those persons who purchase Shares shall will be instructed by the Dealer Manager or the Dealer to make their checks payable to “CIM Income NAV, Dividend Capital Trust Inc.” or, alternatively, “CIM REIT” or “▇▇▇▇ REIT.” The Dealer Manager and any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that Manager or Dealer which conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” pursuant to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds one of the subscriber’s checks and issue a check made payable methods described in the manner described above for the aggregate amount of the subscription proceedsthis Section 12. Transmittal of received investor funds will be made in accordance with the following procedures:. (ab) If the Dealer conducts its Where, pursuant to a Dealer’s internal supervisory procedures procedures, internal supervisory review is conducted at the same location where at which subscription documents and checks are initially receivedreceived from subscribers, checks will be transmitted in care of the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to the Dealer Manager. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office Manager by the end of the next business day following receipt by the Dealer for deposit to Dividend Capital Trust, Inc. (c) Where, pursuant to a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the subscription documents and checknext business day following receipt by the Dealer at the office of the Dealer conducting such final internal supervisory review (the “Final Review Offices”). The Final Review Office will, will in turn by the end of the next business day following receipt by the Final Review Office Office, transmit such checks in care of the subscription documents and checkDealer Manager for deposit by the escrow agent appointed for the Offering. (d) Where the Dealer Manager is involved in the distribution process, conduct its suitability review checks will be transmitted by the Dealer Manager for deposit by the escrow agent appointed for the Offering as soon as practicable, but in any event by the end of the transaction and if the transaction is suitable and the paperwork is in good order forward the subscription documents to second business day following receipt by the Dealer Manager. Checks of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. Those persons who purchase Shares shall will be instructed by the Dealer to make their checks payable to “CIM Income NAV, Inc.” or, alternatively, “CIM REIT” or “"______________________./ ▇▇▇▇ REIT.” Credit Property Trust II, Inc." Any Dealer receiving a check not conforming to the foregoing instructions shall return such check directly to such subscriber not later than the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit as set forth belowpursuant to one of the methods in this Article II. The Dealer Manager may authorize Dealer, Dealer if Dealer is a “"$250,000 broker-dealer,” " to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s 's checks and issue a check made payable in to the manner described above order of the escrow agent for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the escrow agent by the end of the next business day following receipt of the subscription documents and the check. (b) If the internal supervisory procedures are to be performed at a different location (the “"Final Review Office”"), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct forward both the subscription documents and check to the Dealer Manager as processing broker-dealer in order that the Dealer Manager may complete its suitability review of the transaction documentation and if the transaction is suitable and the paperwork is in good order forward process the subscription documents and check. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers' written acknowledgement and agreement to the privacy policies of the Company or the Dealer Manager.

Submission of Orders. Those persons who purchase Shares shall make their checks payable, prior to the time the Company reaches the Minimum Offering, to “UMB Bank, N.A., Agent for ▇▇▇▇ Office & Industrial REIT (CCIT III), Inc.” or a recognizable contraction or abbreviation thereof, including but not limited to “UMB Bank, N.A., f/b/o CCIT III” or, in the event that the purchase is made using Joint Subscription Agreement, “UMB Bank, N.A., Agent for ▇▇▇▇ REIT” or a recognizable contraction or abbreviation thereof. After the Company reaches the Minimum Offering, checks should be made payable to “CIM Income NAV▇▇▇▇ Office & Industrial REIT (CCIT III), Inc.” or, alternatively, “CIM REITCCIT III” or or, in the event that the purchase is made using a Joint Subscription Agreement, “▇▇▇▇ REIT.” Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” ”, to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in the manner described above for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the Escrow Agent by the end of the next business day following receipt of the subscription documents and the check, prior to the completion of the Minimum Offering. After completion of the Minimum Offering, the Company may instruct the Dealer to forward paperwork in good order and the check directly to the Company. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the Escrow Agent by the end of the next business day following receipt of the subscription documents and the check, prior to the completion of the Minimum Offering. After completion of the Minimum Offering, the Company may instruct the Dealer to forward paperwork in good order and the check directly to the Company.

Submission of Orders. Those persons who purchase Shares shall make their checks payable payable, prior to the time the Company reaches the Minimum Offering, to “CIM _____________, Escrow Agent for ▇▇▇▇ Corporate Income NAVTrust, Inc.” oror a recognizable contraction or abbreviation thereof, alternativelyincluding but not limited to “___________, “CIM REITf/b/▇ ▇▇▇▇ Corporate Income Trust, Inc.” or After the Company reaches the Minimum Offering, checks should be made payable to “▇▇▇▇ REITCorporate Income Trust, Inc.” or alternatively “CCIT.” Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize Dealer, if Dealer is a “$250,000 broker-dealer,” ”, to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check made payable in to the manner described above order of the Escrow Agent or the Company, as the case may be, for the aggregate amount of the subscription proceeds. Transmittal of received investor funds will be made in accordance with the following procedures: (a) If the Dealer conducts its internal supervisory procedures at the location where subscription documents and checks are initially received, the Dealer shall conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the Escrow Agent by the end of the next business day following receipt of the subscription documents and the check, prior to the completion of the Minimum Offering. After completion of the Minimum Offering, the Company may instruct the Dealer to forward paperwork in good order and the check directly to the Company. (b) If the internal supervisory procedures are to be performed at a different location (the “Final Review Office”), the subscription documents and check must be transmitted to the Final Review Office by the end of the next business day following receipt by the Dealer of the subscription documents and check. The Final Review Office will, by the end of the next business day following receipt by the Final Review Office of the subscription documents and check, conduct its suitability review of the transaction and if the transaction is suitable and the paperwork is in good order forward (i) the subscription documents to the Dealer ManagerManager and (ii) the checks to the Escrow Agent by the end of the next business day following receipt of the subscription documents and the check, prior to the completion of the Minimum Offering. After completion of the Minimum Offering, the Company may instruct the Dealer to forward paperwork in good order and the check directly to the Company.