Document ID: 15770

Text:
(iv)the offer, sale, transfer or issuance (but not pledge) of shares of stock in ARCNYC REIT or in any other Restricted Party that, in each instance, is a publicly traded entity, provided (x) such shares of stock are listed on the New York Stock Exchange, NASDAQ Global Select Market or another nationally recognized stock exchange or (y) such shares are sold in the ordinary course of business and in accordance with all applicable Legal Requirements to retail investors in a manner consistent with previous offerings and sales conducted by the REIT prior to the date of such sale, transfer or issuance;

Named Entities:
21
22
Shares

Tokenized Text:
(
iv
)
the
offer
,
sale
,
transfer
or
issuance
(
but
not
pledge
)
of
shares
of
stock
in
ARCNYC
REIT
or
in
any
other
Restricted
Party
that
,
in
each
instance
,
is
a
publicly
traded
entity
,
provided
(
x
)
such
shares
of
stock
are
listed
on
the
New
York
Stock
Exchange
,
NASDAQ
Global
Select
Market
or
another
nationally
recognized
stock
exchange
or
(
y
)
such
shares
are
sold
in
the
ordinary
course
of
business
and
in
accordance
with
all
applicable
Legal
Requirements
to
retail
investors
in
a
manner
consistent
with
previous
offerings
and
sales
conducted
by
the
REIT
prior
to
the
date
of
such
sale
,
transfer
or
issuance
;