Common use of Submission of Orders Clause in Contracts

Submission of Orders. The Managing Dealer will require in its agreements with each Broker that each Broker comply with the submission of orders procedures set forth in the form of Selected Intermediary Agreement attached as Exhibit “A” to this Agreement. To the extent the Managing Dealer is involved in the distribution process other than through a Broker, the Managing Dealer will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement in the form filed as an appendix to the Prospectus (a “Subscription Agreement”) in the form provided by the Company to the Managing Dealer for use in connection with the Offering and to deliver to the Managing Dealer or as otherwise directed by the Managing Dealer such completed and executed Subscription Agreement together with a check or wire transfer (“instrument of payment”) in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the Prospectus. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer to the Company, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing Dealer. If the Managing Dealer receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Agreement, the Managing Dealer shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. The Managing Dealer Manager will require in its agreements with each Broker Participating Broker-Dealer that each Broker Participating Broker-Dealer comply with the submission of orders procedures set forth in the form of Selected Intermediary Participating Dealer Agreement attached as Exhibit “A” A to this Agreement. To the extent the Managing Dealer Manager is involved in the distribution process other than through a Participating Broker-Dealer, the Managing Dealer Manager will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement Subscription Agreement in the form filed as an appendix to the Prospectus (a “Subscription Agreement”) in the Private Placement Memorandum or such other form provided agreed to by the Company to the Managing Dealer for use in connection with the Offering Trust and to deliver to the Managing Dealer Manager or as otherwise directed by the Managing Dealer Manager such completed and executed Subscription Agreement together with a check or wire transfer (“instrument of payment”) in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the ProspectusPrivate Placement Memorandum. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer Manager to the CompanyTrust, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing DealerDealer Manager. If the Managing Dealer Manager receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Participating Dealer Agreement, the Managing Dealer Manager shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. The Managing Dealer will require in its agreements with each Broker that each Broker comply with the submission of orders procedures set forth in the form of Selected Intermediary Agreement attached as Exhibit “A” to this Agreement. To the extent the Managing Dealer is involved in the distribution process other than through a Broker, the Managing Dealer will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement in the form filed as an appendix to the Prospectus Offering Memorandum (a “Subscription Agreement”) in the form provided by the Company to the Managing Dealer for use in connection with the Offering and to deliver to the Managing Dealer or as otherwise directed by the Managing Dealer such completed and executed Subscription Agreement together with a check or wire transfer (“instrument of payment”) in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the ProspectusOffering Memorandum. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer to the Company, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing Dealer. If the Managing Dealer receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Agreement, the Managing Dealer shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. The Managing Dealer Manager will require in its agreements with each Broker Participating Broker-Dealer that each Broker Participating Broker-Dealer comply with the submission of orders procedures set forth in the form of Selected Intermediary Participating Dealer Agreement attached as “Exhibit “A” to this Agreement. To the extent the Managing Dealer Manager is involved in the distribution process other than through a Participating Broker-Dealer, the Managing Dealer Manager will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement in the form filed as an appendix to the Prospectus Private Placement Memorandum or such other form agreed to by the Trust (a “Subscription Agreement”) in the form provided by the Company to the Managing Dealer for use in connection with the Offering and to deliver to the Managing Dealer Manager or as otherwise directed by the Managing Dealer Manager such completed and executed Subscription Agreement together with a check or wire transfer (“instrument of payment”) in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the ProspectusPrivate Placement Memorandum. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer Manager to the CompanyTrust, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing DealerDealer Manager. If the Managing Dealer Manager receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Participating Dealer Agreement, the Managing Dealer Manager shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. The Managing Dealer will require in its agreements with each Broker that each Broker comply with the submission of orders procedures set forth in the form of the Selected Intermediary Agreement attached as Exhibit “A” A to this Agreement. To the extent the Managing Dealer is involved in the distribution process other than through a Broker, the Managing Dealer will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement in the form filed as an appendix to the Prospectus (a “Subscription Agreement”) in the form provided by the Company Fund to the Managing Dealer for use in connection with the Offering and to deliver to the Managing Dealer or as otherwise directed by the Managing Dealer such completed and executed Subscription Agreement together with a check or wire transfer (“instrument of payment”) in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the Prospectus. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer to the CompanyFund, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing Dealer. If the Managing Dealer receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Agreement, the Managing Dealer shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. The Managing Dealer Manager will require in its agreements with each Broker Participating Broker-Dealer that each Broker Participating Broker-Dealer comply with the submission of orders procedures set forth in the form of Selected Intermediary Participating Dealer Agreement attached as “Exhibit “A” to this Agreement. To the extent the Managing Dealer Manager is involved in the distribution process other than through a Participating Broker-Dealer, the Managing Dealer Manager will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement Subscription Agreement in the form filed as an appendix to the Prospectus (a “Subscription Agreement”) in the Private Placement Memorandum or such other form provided agreed to by the Company to the Managing Dealer for use in connection with the Offering Trust and to deliver to the Managing Dealer Manager or as otherwise directed by the Managing Dealer Manager such completed and executed Subscription Agreement together with a check or wire transfer (“instrument of payment”) in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the ProspectusPrivate Placement Memorandum. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer Manager to the CompanyTrust, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing DealerDealer Manager. If the Managing Dealer Manager receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Participating Dealer Agreement, the Managing Dealer Manager shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. The Managing Dealer will require in its agreements with each Broker that each Broker comply with the submission of orders procedures set forth in the form of Selected Intermediary Agreement attached as Exhibit “A” to this Agreement. To the extent the Managing Dealer is involved in the distribution process other than through a Broker, the Managing Dealer will comply with such submission of orders procedures, and will require each Each person desiring to purchase Primary Shares in the Offering will be required to complete and execute a subscription agreement Subscription Agreement in the form filed attached as an appendix Appendix to the Prospectus (a “Subscription Agreement”) in the form provided by the Company to the Managing Dealer for use in connection with the Offering and to deliver to the Managing Dealer Manager or Participating Dealer, as otherwise directed by the Managing Dealer case may be (the “Processing Broker-Dealer”), such completed and executed Subscription Agreement Agreement, together with a check check, draft, wire or wire transfer money order (hereinafter referred to as an “instrument of payment”) in the amount of $10.00 per Share, or such person’s purchase, which must be at least discounted purchase price per Share that may apply based upon the minimum purchase amount set forth available discounts specified in the Prospectus. Subscription Agreements and instruments There shall be a minimum initial purchase by any one purchaser of payment will be transmitted by 200 Primary Shares (except as otherwise indicated in the Managing Dealer Prospectus, or in any letter or memorandum from the Company to the Company, as soon as practicable, but in any event by the end Dealer Manager). Minimum subsequent purchases of the second business day following receipt by the Managing DealerPrimary Shares shall be $500 per transaction. If the Managing The Processing Broker-Dealer receives receiving a Subscription Agreement or and instrument of payment not conforming to the foregoing instructions set forth in the form of Selected Intermediary Agreement, the Managing Dealer shall promptly return such Subscription Agreement and instrument of payment directly to such subscriber not later than following receipt by the end Processing Broker-Dealer of such materials. Subscription Agreements and instruments of payment received by the Processing Broker-Dealer which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: (a) where, pursuant to the internal supervisory procedures of the Processing Broker-Dealer, internal supervisory review is conducted at the same location at which Subscription Agreements and instruments of payment are received from subscribers, then, by noon of the next business day following its receipt. Instruments receipt by the Processing Broker-Dealer, the Processing Broker-Dealer will transmit the Subscription Agreements and instruments of payment to the Escrow Agent or, after the Minimum Offering has been obtained, to the Company or to such other account or agent as directed by the Company; and (b) where, pursuant to the internal supervisory procedures of rejected subscribers the Processing Broker-Dealer, final internal supervisory review is conducted at a different location (the “Final Review Office”), Subscription Agreements and instruments of payment will be promptly returned transmitted by the Processing Broker-Dealer to the Final Review Office by noon of the next business day following receipt by the Processing Broker-Dealer. The Final Review Office will in turn by noon of the next business day following receipt by the Final Review Office, transmit such Subscription Agreements and instruments of payment to the Escrow Agent or, after the Minimum Offering has been obtained, to the Company or to such subscribersother account or agent as directed by the Company. Notwithstanding the foregoing, with respect to any Offered Shares to be purchased by a custodial account, the Processing Broker-Dealer shall cause the custodian of such account to deliver a completed Subscription Agreement and instrument of payment for such account directly to the Escrow Agent. The Processing Broker-Dealer shall furnish to the Escrow Agent with each delivery of instruments of payment a list of the subscribers showing the name, address, social security number or tax identification number, state of residence, amount of Offered Shares subscribed for, and the amount of money paid.

Submission of Orders. The Managing Dealer Manager will require in its agreements with each Broker Participating Broker-Dealer that each Broker Participating Broker-Dealer comply with the submission of orders procedures set forth in the form of Selected Intermediary Participating Dealer Agreement attached as “Exhibit “A” to this Agreement. To the extent the Managing Dealer Manager is involved in the distribution process other than through a Participating Broker-Dealer, the Managing Dealer Manager will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement in the form filed included as an appendix to the Prospectus Private Placement Memorandum or such other form agreed to by the Company (a “Subscription Agreement”) in the form provided by the Company to the Managing Dealer for use in connection with the Offering and to deliver to the Managing Dealer Manager or as otherwise directed by the Managing Dealer Manager such completed and executed Subscription Agreement together with a check or wire transfer (“instrument of payment”) in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the ProspectusPrivate Placement Memorandum. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer Manager to the Company, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing DealerDealer Manager. If the Managing Dealer Manager receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Participating Dealer Agreement, the Managing Dealer Manager shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. The Managing Dealer will require in its agreements with each Broker that each Broker comply with the submission of orders procedures set forth in the form of Selected Intermediary Agreement attached as Exhibit “A” to this Agreement. To the extent the Managing Dealer is involved in the distribution process other than through a Broker, the Managing Dealer will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement in the form filed as an appendix to the Prospectus (a “Subscription Agreement”) in the form provided by the Company Fund to the Managing Dealer for use in connection with the Offering and to deliver to the Managing Dealer or as otherwise directed by the Managing Dealer such completed and executed Subscription Agreement together with a check or wire transfer (“an instrument of payment”) payment in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the Prospectus. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer to the CompanyFund, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing Dealer. If the Managing Dealer receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Agreement, the Managing Dealer shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.

Submission of Orders. The Managing Dealer Manager will require in its agreements with each Broker Dealer that each Broker Dealer comply with the submission of orders procedures set forth in the form of Selected Intermediary Dealer Agreement attached as Exhibit “A” to this Agreement. To the extent the Managing Dealer Manager is involved in the distribution process other than through a BrokerDealer, the Managing Dealer Manager will comply with such submission of orders procedures, and will require each person desiring to purchase Shares in the Offering to complete and execute a subscription agreement in the form filed as an appendix to the Prospectus (a “Subscription Agreement”) in the form provided by the Company to the Managing Dealer Manager for use in connection with the Offering and to deliver to the Managing Dealer Manager or as otherwise directed by the Managing Dealer Manager such completed and executed Subscription Agreement together with a check or wire transfer (“instrument of payment”) in the amount of such person’s purchase, which must be at least the minimum purchase amount set forth in the ProspectusProspectus for the applicable class of Shares. Subscription Agreements and instruments of payment will be transmitted by the Managing Dealer Manager to the Company, as soon as practicable, but in any event by the end of the second business day following receipt by the Managing DealerDealer Manager. If the Managing Dealer Manager receives a Subscription Agreement or instrument of payment not conforming to the instructions set forth in the form of Selected Intermediary Dealer Agreement, the Managing Dealer Manager shall return such Subscription Agreement and instrument of payment directly to such subscriber not later than the end of the next business day following its receipt. Instruments of payment of rejected subscribers will be promptly returned to such subscribers.