Common use of Subscription Process Clause in Contracts

Subscription Process. (a) Payments for Shares shall be made by checks payable to “Lightstone Value Plus REIT II, Inc.” and forwarded together with a copy of the Subscription Agreement, which is attached as Appendix C to the Prospectus, executed by the subscriber and countersigned by a supervisory representative of Soliciting Dealer to: Regular Mail: Overnight: Lightstone VP REIT II, Inc. Lightstone VP REIT II, Inc. c/▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇/▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇ ▇▇▇▇▇▇ 4▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ K▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Tel: (▇▇▇) ▇▇▇-▇▇▇▇ (b) Each Subscription Agreement and related subscription payment shall be forwarded by Soliciting Dealer to Orchard Securities, LLC at the address specified above no later than noon of the next business day after receipt of such Subscription Agreement and check (when your internal supervisory procedures are completed at the site at which the Subscription Agreement and check were received by you) or, when your internal supervisory procedures are performed at a different location (the “Final Review Office”), you shall transmit the check and Subscription Agreement to the Final Review Office by the end of the next business day following your receipt of the Subscription Agreement and check. The Final Review Office will, by the end of the next business day following its receipt of the Subscription Agreement and check, forward both the Subscription Agreement and check to us as processing broker-dealer. If any Subscription Agreement solicited by you is rejected by the Company, the Subscription Agreement and check will be forwarded to the Escrow Agent for prompt return to the rejected subscriber. (c) All subscriptions are subject to acceptance by and shall become effective upon confirmation by the Company or the Dealer Manager, each of which reserve the right to reject any subscription in its sole discretion for any or no reason. Subscriptions not accompanied by the required instrument of payment for Shares may be rejected. Issuance and delivery of the Shares will be made only after a sale of a Share is deemed by the Company to be completed in accordance with Section 2(b) of the Dealer Manager Agreement. If a subscription is rejected, cancelled or rescinded for any reason, the Soliciting Dealer will promptly return to the Company any selling commissions or dealer manager fees previously paid with respect to such subscription and, if Soliciting Dealer fails to return any such selling commissions, the Dealer Manager shall have the right to offset amounts owed against future commissions or dealer manager fees due and otherwise payable to Soliciting Dealer (it being understood and agreed that such right to offset shall not be in limitation of any other rights or remedies that the Dealer Manager may have in connection with such failure).

Subscription Process. (a) Payments for Shares shall be made by checks payable to “Lightstone Value Plus REIT II, Inc.” and forwarded together with a copy of the Subscription Agreement, which is attached as Appendix C to the Prospectus, executed by the subscriber and countersigned by a supervisory representative of Soliciting Dealer to: Regular Mail: Overnight: Lightstone VP REIT II, Inc. Lightstone VP REIT II, Inc. c/ICON Capital Corp. ICON Capital Corp. ▇/▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇/▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇ ▇▇▇▇▇▇ 4▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ K▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Tel: (▇▇▇) ▇▇▇-▇▇▇▇ (b) Each Subscription Agreement and related subscription payment shall be forwarded by Soliciting Dealer to Orchard Securities, LLC ICON Capital Corp. at the address specified above no later than noon of the next business day after receipt of such Subscription Agreement and check (when your internal supervisory procedures are completed at the site at which the Subscription Agreement and check were received by you) or, when your internal supervisory procedures are performed at a different location (the “Final Review Office”), you shall transmit the check and Subscription Agreement to the Final Review Office by the end of the next business day following your receipt of the Subscription Agreement and check. The Final Review Office will, by the end of the next business day following its receipt of the Subscription Agreement and check, forward both the Subscription Agreement and check to us as processing broker-dealer. If any Subscription Agreement solicited by you is rejected by the Company, the Subscription Agreement and check will be forwarded to the Escrow Agent for prompt return to the rejected subscriber. (c) All subscriptions are subject to acceptance by and shall become effective upon confirmation by the Company or the Dealer Manager, each of which reserve the right to reject any subscription in its sole discretion for any or no reason. Subscriptions not accompanied by the required instrument of payment for Shares may be rejected. Issuance and delivery of the Shares will be made only after a sale of a Share is deemed by the Company to be completed in accordance with Section 2(b) of the Dealer Manager Agreement. If a subscription is rejected, cancelled or rescinded for any reason, the Soliciting Dealer will promptly return to the Company any selling commissions or dealer manager fees previously paid with respect to such subscription and, if Soliciting Dealer fails to return any such selling commissions, the Dealer Manager shall have the right to offset amounts owed against future commissions or dealer manager fees due and otherwise payable to Soliciting Dealer (it being understood and agreed that such right to offset shall not be in limitation of any other rights or remedies that the Dealer Manager may have in connection with such failure).