Single Purchaser definition

Single Purchaser has the meaning set out in clause 15.8.1;

Single Purchaser. Discount Range Volume Discount Range $ 2,000 - $ 250,000 $10.00 $0.65 $ 250,001 - $ 500,000 $9.85 $0.50 $ 500,001 - $ 750,000 $9.70 $0.35 $ 750,001 - $1,000,000 $9.60 $0.25 $1,000,001 - $5,000,000 $9.50 $0.15 As an example, a single purchaser would receive 50,380 Shares (rather than 50,000 Shares) for his investment of $500,000 and the Selling Commission would be $28,940. A refund will be made to the purchaser for any fractional Shares based on the public offering price if such refund is in excess of $1.00. In the example, $7.00 would be refunded for the fractional Share. Selling Commissions for purchases of $5,000,000 or more are negotiable but in no event will the proceeds to the Company be less than $9.35 per Share. We may also re-allow to you a Selected Dealer Fee of up to two percent (2%) of the full price of each Share sold by you, if you have executed an Addendum to this Selected Dealer Agreement related to the Selected Dealer fee. We may in our sole discretion pay Selling Commissions of $0.50 per Share sold for Shares purchased under the DRIP.

Single Purchaser. Discount Range Volume Discount Range ------------------ -------------- --------------------- $ 2,000 - $ 250,000 $10.00 $0.65 $ 250,001 - $ 500,000 $ 9.85 $0.50 $ 500,001 - $ 750,000 $ 9.70 $0.35 $ 750,001 - $1,000,000 $ 9.60 $0.25 $1,000,001 - $5,000,000 $ 9.50 $0.15 As an example, a single purchaser would receive 50,380 Shares (rather than 50,000 Shares) for his investment of $500,000 and the Selling Commission would be $28,940. The discount would be calculated as follows: On the first $250,000 of the investment there would be no discount and the purchaser would receive 25, 000 shares at $10 per share. On the remaining $250,000, the per share price would be $9.85 and the purchaser would receive 25,380 shares. A refund will be made to the purchaser for any fractional Shares based on the public offering price if such refund is in excess of $1.00. In the example, $7.00 would be refunded for the fractional Share.

Single Purchaser. Discount Range Volume Discount Range $2,000 - $250,000 $10.00 $0.65 $250,001 - $500,000 $9.85 $0.50 $500,001 - $750,000 $9.70 $0.35 $ 750,001 - $1,000,000 $9.60 $0.25 $1,000,001 - $5,000,000 $9.50 $0.15 As an example, a single purchaser would receive 50,380 Shares (rather than 50,000 Shares) for his investment of $500,000 and the Selling Commission would be $28,940. A refund will be made to the purchaser for any fractional Shares based on the public offering price if such refund is in excess of $1.00. In the example, $7.00 would be refunded for the fractional Share. Selling Commissions for purchases of more than $5,000,000 are negotiable but in no event will the proceeds to the Company be less than $9.35 per Share. We may also re-allow to you a selected dealer fee of up to two percent (2%) of the full price of each Share sold by you (the "Selected Dealer Fee"), if you have executed an Addendum to this Selected Dealer Agreement related to the Selected Dealer Fee; provided however, the Selected Dealer Fee shall be reduced as necessary in order that the underwriting compensation to be paid to all parties in connection with the Offering does not exceed the limitations prescribed by the NASD. In this regard, each of the Company, we and you acknowledge and agree that the Offering shall be conducted in compliance with Sections 2710 and 2810 of the NASD regulations which prescribe limitations on the amount of organization and offering expenses that may be paid by the Company in connection with the Offering. Accordingly, if at any time during the term of the Offering, the Company determines in good faith that any payment to you pursuant to this agreement could result in a violation of the applicable NASD regulations, the Company shall promptly notify you and the Company and you agree to cooperate with each other to implement such measures as they determine are necessary to ensure continued compliance with the applicable regulations. Such measures may include, without limitation, a reduction in the amount of the Selected Dealer Fee payable to you. Until the parties mutually agree upon appropriate measures or until such time as the amount that may be paid without violation of such regulations is finally determined, the Company shall be entitled to withhold and defer payments to you of such portions of the Selected Dealer Fee and other compensation as the Company reasonably determines are necessary to permit continued compliance with applicable NASD regulations, but s...

Single Purchaser. Discount Range Volume Discount Range ------------------ ---------------------------- ----------------------------- $2,000 - $250,000 $10.00 $0.65 $250,001 - $500,000 $ 9.85 $0.50 $500,001 - $750,000 $ 9.70 $0.35 $750,001 - $1,000,000 $ 9.60 $0.25 $1,000,001 - $5,000,000 $ 9.50 $0.15 As an example, a single purchaser would receive 50,380.7107 Shares (rather than 50,000 Shares) for his investment of $500,000 and the Selling Commission would be $28,940.36. On the first $250,000 of the investment there would be no discount and the purchaser would receive 25,000 Shares at $10 per share. On the remaining $250,000, the per share price would be $9.85 and the purchaser would receive 25,380.7107 Shares Selling Commissions for purchases of more than $5,000,000 are negotiable but in no event will the proceeds to the Company be less than $9.35 per Share. We may also re-allow to you a selected dealer fee of up to two $.20 per Share for of each Share sold by you (the "Selected Dealer Fee"), if you have executed an Addendum to this Selected Dealer Agreement related to the Selected Dealer Fee; provided however, we will not pay you a Selected Dealer Fee if the aggregate compensation to be paid to us, you and the other Selected Dealers exceeds the limitations prescribed by the NASD.