Document:

PRIME GLOBAL CAPITAL GROUP INCORPORATED

 

DIRECTOR
RETAINER AGREEMENT

 

THIS DIRECTOR RETAINER
AGREEMENT (“Agreement”) is entered into by and between Prime Global Capital Group Incorporated, a Nevada corporation
(“Corporation”) and Choon Meng, Soo (“Director”) as of August 01, 2017.

 

 

WHEREAS, Director has
been duly elected as an independent director of the Corporation in accordance with the Corporation’s bylaws; and

 

WHEREAS, the Corporation
wishes to compensate Director as consideration for his expected service as a director;

 

NOW THEREFORE, in consideration
of the premises and the mutual covenants contained in this Agreement, the parties agree as follows:

 

	1. 	Services Provided.

 

Director agrees, subject to Director’s
continued status as an independent director as determined by the Board of Directors of the Corporation (“Board”) and
its stockholders (if applicable), to serve as a member of the Board and, subject to Director’s appointment thereto, the (1)
Audit Committee, (2) Compensation Committee and (3) Nominating/Governance Committee of the Board (each a “Committee”)
and to provide those services (“Services”) required of a director and Committee member under the Corporation’s
certificate of incorporation and bylaws (“Charter and Bylaws”), as both may be amended from time to time, and under
the corporate law of the State of Nevada, the federal securities laws and other state and federal laws and regulations, as applicable.

 

Director agrees to cooperate with the Corporation
and its attorneys, both during and after the termination of this Agreement, in connection with any litigation or other proceeding
arising out of or relating to matters of which Director was involved prior to the termination of this Agreement. Director's cooperation
shall include, without limitation, providing assistance to Corporation’s counsel, experts and consultants, and providing
truthful testimony in pretrial and trial or hearing proceedings. In the event that Director’s cooperation is requested after
the termination of this Agreement, Corporation will (a) seek to minimize interruptions to Director’s schedule to the extent
consistent with its interests in the matter; and (b) reimburse executive for all reasonable and appropriate out-of-pocket expenses
actually incurred by Director in connection with such cooperation upon reasonable substantiation of such expenses.

 

Director agrees that Director will not testify
voluntarily in any lawsuit or other proceeding which directly or indirectly involves Corporation, or any affiliated companies,
or which may create the impression that such testimony is endorsed or approved by Corporation or its affiliated companies, without
advance notice (including the general nature of the testimony) to and, as such testimony is without subpoena or other compulsory
legal process the approval of, the Corporation’s general counsel.

 

	2.	Nature of Relationship.

 

Director is an independent contractor and will
not be deemed an employee of the Corporation for purposes of employee benefits, income tax withholding, F.I.C.A. taxes, unemployment
benefits or otherwise. Except as authorized by the Board of Directors or the Corporation’s Charter and Bylaws, or as allowed
by law, Director shall not hold himself out as an agent of the Corporation or enter into any agreement or incur any obligations
on the Corporation’s behalf. This Agreement shall not be deemed an employment contract between the Corporation (or any of
its subsidiaries or related companies) and Director. Director specifically acknowledges that the term of service provided by this
Agreement is set forth in Section 7 below.

 

	3. 	Corporation Information.

 

The Corporation will supply to Director, at the Corporation’s
expense:

 

		a.	periodic briefings on the business and operations of the Corporation;
	 	 	 

		b.	“director packages” (which will include but will not be limited to, for example, meeting
agendas and Corporation reports) for each Board and Committee meeting, at a reasonable time before each meeting;

 

 

 

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		c.	Copies of minutes of all requested stockholders’, directors’ and Committee meetings;
	 	 	 

		d.	Any other materials that are required under the Charter and Bylaws or the charter of any Committee
on which the Director serves; and
	 	 	 

		e.	Any other materials which may, in the reasonable judgment of Corporation, be necessary for performing
the Services.

 

	4.	Representations, Warranties and Covenants of Director.

 

	 	4.1	Director agrees to provide complete and accurate information and to permit Corporation to perform a full background investigation.
Accordingly, Director represents and warrants that the information provided to the Corporation regarding Director’s experience,
background and expertise is truthful, accurate and complete.

 

	 	4.2	Director represents and warrants that the performance of the Services will not violate any agreement to which Director is a party,
compromise any rights or trust between any other party and Director, or create a conflict of interest.

 

	 	4.3	Director agrees not to enter into any agreement during the term of this Agreement that will create a conflict of interest with
this Agreement.

 

	 	4.4	Director agrees to comply with all applicable state and federal laws and regulations, including Section 10 and Section 16 of the
Securities and Exchange Act of 1934 and the rules promulgated thereunder.

 

	5.	Compensation.

 

	 	5.1	Retainer. The Corporation shall pay Director a cash retainer of Three Thousand
Malaysian Ringgit (RM 3,000) per calendar month during Director’s period of Service (“Retainer”), payable in
accordance with the Corporation’s normal and customary practices.

 

	 	5.2	 Expenses. The Corporation will reimburse Director for reasonable expenses
incurred in the performance of the Services promptly upon submission of invoices and receipts for such expenses in a form reasonably
acceptable to the Corporation, provided that such expenses are approved in writing in advance. Such approval by the Corporation
shall not be unreasonably withheld or delayed. Director’s expenses shall not be reimbursable hereunder if those expenses
do not qualify for reimbursement under the Charter and Bylaws.

 

	6.	Indemnification.

 

	 	6.1	The Corporation has
previously executed, or shall execute concurrently with the execution of this Agreement, an Indemnity Agreement with Director substantially
in the form attached hereto as Exhibit A.

 

	7. 	Term and Termination.

 

	 	7.1	This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director’s current term
as an independent director of the Corporation, unless earlier terminated as provided in this Section. This Agreement shall automatically
renew upon the date of Director’s reelection as an independent director of the Corporation.

 

	 	7.2	The term of service as a Director under this Agreement is as specified in the bylaws of the Corporation, unless earlier terminated
as provided in this Section.

 

	 	7.3	Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or any obligation
imposed by operation of law.

 

	 	7.4	Director may be removed from the Board or any Committee, with or without cause.

 

	 	7.5	This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from
the Board. For purposes of this Section, “disability” shall mean the inability of Director to perform the Services
for a period of at least fifteen (15) consecutive days.

 

 

 

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	 	7.6	In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant
to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. Director agrees that
the Corporation has the right of injunctive relief to enforce this provision.

 

	 	7.7	Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section
5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation.

 

	8.	Proprietary Information, Inventions and Non-Competition.

 

Director shall, concurrently with the execution
of this Agreement, enter into a Proprietary Information, Inventions and Non-Competition Agreement with the Corporation substantially
in the form attached hereto as Exhibit B.

 

	9. 	Assignment.

 

This Agreement and all of the provisions hereof
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns and,
except as otherwise expressly provided herein, neither this Agreement, nor any of the rights, interests or obligations hereunder
shall be assigned by either of the parties hereto without the prior written consent of the other party.

 

10.   
General.

 

	 	10.1	Governing Law and Venue. This Agreement and the legal relations among the parties shall
be governed by, and construed and enforced in accordance with, the laws of the State of Nevada, without regard to its conflict
of laws rules. The Corporation and Director hereby irrevocably and unconditionally (i) agree that any action or proceeding arising
out of or in connection with this Agreement shall be brought only in the State of Nevada (the “Nevada Court”),
and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to
submit to the exclusive jurisdiction of the Nevada Court for purposes of any action or proceeding arising out of or in connection
with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Nevada Court and
waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Nevada Court has been brought
in an improper or inconvenient forum.

 

	 	10.2	Notices. All notices and other communications required or permitted hereunder will be
in writing and will be delivered by hand or sent by overnight courier or e-mail to:

 

 

	Corporation:	 	Director:
	Prime Global Capital Group Incorporated

E-5-2, Megan Avenue 1, Block E

189 Jalan Tun Razak

50400 Kuala Lumpur, Malaysia

Attn: Chief Executive Officer

Fax:   00603 2161 0770

e-mail: stanwwk@yahoo.com 

	 	Choon Meng, Soo

3A Jalan Akasia 1

Saujana Akasia

47000 Sungai Buloh

Fax: 00603-2161 0770 

email: bennsoo@gmail.com

	 	 	 

 

 

	 	10.3	Severability. In the event that any provision of this Agreement is held to be unenforceable
under applicable law, this Agreement will continue in full force and effect without such provision and will be enforceable in
accordance with its terms.

 

	 	10.4	Survival of Obligations. Notwithstanding the expiration or termination of this Agreement, neither party hereto
shall be released hereunder from any liability or obligation to the other which has already accrued as of the time of such expiration
or termination (including, without limitation, Corporation’s obligation to make any fees and expense payments) or which
thereafter might accrue in respect of any act or omission of such party prior to such expiration or termination.

 

	 	10.5	Entire Agreement. This Agreement, along with the Exhibits referenced herein that may be previously or contemporaneously
executed, embodies the entire agreement and understanding between the parties hereto with respect to the subject matter of this
Agreement and supersedes all prior or contemporaneous agreements and understanding other than this Agreement relating to the subject
matter hereof.

 

 

 

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	 	10.6	Amendment and Waiver.
    This Agreement may be amended only by a written agreement executed by the parties hereto. No provision of this Agreement
    may be waived except by a written document executed by the party entitled to the benefits of the provision. No waiver of a
    provision will be deemed to be or will constitute a waiver of any other provision of this Agreement. A waiver will be effective
    only in the specific instance and for the purpose for which it was given, and will not constitute a continuing waiver.

 

	 	10.7	Counterparts.
    This Agreement may be signed in any number of counterparts, each of which will be deemed an original, but all of which together
    will constitute one instrument. The parties hereto agree to accept a facsimile transmission copy of their respective actual
    signatures as evidence of their actual signatures to this Agreement and any modification or amendment of this Agreement; provided,
    however, that each party who produces a facsimile signature agrees, by the express terms hereof, to place, promptly after
    transmission of his or her signature by fax, a true and correct original copy of his or her signature in overnight mail to
    the address of the other party.

 

[The remainder of this page has been intentionally
left blank. Signature page(s) to follow]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF, the
undersigned have executed this Director Retainer Agreement as of the date first written above.

 

	 	PRIME GLOBAL CAPITAL GROUP INCORPORATED
	 	 
	 	By: __________________________
	 	Printed Name: Weng Kung, Dato Wong
	 	Title: Chief Executive Officer
	 	 
	 	DIRECTOR
	 	 
	 	By: __________________________
	 	         Choon Meng, Soo

 

 

 

 

 

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EXHIBIT A

 

INDEMNITY AGREEMENT

 

This Indemnity Agreement
(“Agreement”) is effective as of August 1, 2017, by and between Prime Global Capital Group Incorporated, a Nevada
corporation (the “Company”), and Choon Meng, Soo (“Indemnitee”).

 

RECITALS

 

WHEREAS, the Articles of
Incorporation and Bylaws of the Company require indemnification of the officers and Board of Directors of the Company (the “Board”).
Indemnitee may also be entitled to indemnification pursuant to the Nevada Revised Statutes (“NRS”). The Articles
of Incorporation and Bylaws of the Company and the NRS expressly provide that the indemnification provisions set forth therein
are not exclusive, and thereby contemplate that contracts may be entered into between the Company and members of the Board, officers
and other persons with respect to indemnification; and

 

WHEREAS, it is reasonable,
prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such
persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue
concern that they will not be so indemnified.

 

NOW, THEREFORE, in consideration
of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:

 

Section 1. Services
to the Company. Indemnitee agrees to serve as an independent director of the Company. Indemnitee may at any time and for any
reason resign from such position (subject to any other contractual obligation or any obligation imposed by operation of law),
in which event the Company shall have no obligation under this Agreement to continue to allow Indemnitee to serve as an independent
director. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise)
and Indemnitee. Indemnitee specifically acknowledges that Indemnitee may be removed as an independent director at any time for
any reason, with or without cause, in accordance with the Company’s Articles of Incorporation, its Bylaws, the NRS and any
agreement between Company and Indemnitee. The foregoing notwithstanding, this Agreement shall continue in force after Indemnitee
has ceased to serve as an independent director of the Company.

 

Section 2. Definitions. As used in this Agreement:

 

(a) A “Change
in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following
events:

 

(i) Acquisition of Stock
by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly,
of securities of the Company representing twenty percent (20%) or more of the combined voting power of the Company’s then
outstanding securities;

 

(ii) Change in Board
of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement),
individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by
a person who has entered into an agreement with the Company to effect a transaction described in Sections 2(a)(i), 2(a)(iii)
or 2(a)(iv)) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote
of at least a majority of the directors then still in office who either were directors at the beginning of the period or whose
election or nomination for election was previously so approved, cease for any reason to constitute a least a majority of the members
of the Board;

 

(iii)
Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other
than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such
merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of
the surviving entity) more than 51% of the combined voting power of the voting securities of the surviving entity outstanding immediately
after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing
body of such surviving entity;

 

 

 

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(iv)
Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement
for the sale or disposition by the Company of all or substantially all of the Company’s assets; and

 

(v) 
Other Events. There occurs any other event of a nature that would be required to be reported in response to Item
6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the
Exchange Act (as defined below), whether or not the Company is then subject to such reporting requirement.

 

For purposes of this Section 2(a), the following terms shall
have the following meanings:

 

(A)
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 

(B) “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided,
however, that Person shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit
plan of the Company and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially
the same proportions as their ownership of stock of the Company.

 

(C) “Beneficial
Owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act; provided, however,
that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the
Company approving a merger of the Company with another entity.

 

(b) “Corporate
Status” describes the status of a person who is or was a director, trustee, general partner, managing member, officer,
employee, agent or fiduciary of the Company or of any other corporation, partnership or joint venture, trust, employee benefit
plan or other enterprise which such person is or was serving at the request of the Company.

 

(c)
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding
in respect of which indemnification is sought by Indemnitee.

 

(d)
“Enterprise” shall mean the Company and any other corporation, partnership, limited liability company,
joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company
as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary.

 

(e)
“Expenses” shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs,
fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery
service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding.
Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation
the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent.
Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

(f) “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five (5) years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either
such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar
indemnification agreements) or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding
the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel
referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out
of or relating to this Agreement or its engagement pursuant hereto.

 

(g)
“Proceeding” shall include any threatened, pending or completed action, suit, arbitration, alternate
dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed
proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative or
investigative nature, including any appeal therefrom, in which Indemnitee was, is or will be involved as a party, a potential
party, a non-party witness or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company,
by reason of any action taken by him or of any action or inaction on his part while acting as director or officer of the
Company, or by reason of the fact that he is or was serving at the request of the Company as a director, trustee, general
partner, managing member, officer, employee or agent of another corporation, partnership, joint venture, trust or fiduciary
of the Company or any other enterprise, in each case whether or not serving in such capacity at the time any liability or
expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided under this
Agreement.

 

 

 

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(h) Reference to “other
enterprise” shall include employee benefit plans; references to “fines” shall include any excise tax
assessed with respect to any employee benefit plan; references to “serving at the request of the Company” shall
include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by,
such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person
who acted in good faith and in a manner he reasonably believed to be in the best interests of the participants and beneficiaries
of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company”
as referred to in this Agreement.

 

Section 3. Indemnity
in Third-Party Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this Section 3 if Indemnitee
is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the
Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified against all Expenses, judgments,
fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his behalf in connection with such Proceeding
or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not
opposed to the best interests of the Company and, in the case of a criminal proceeding had no reasonable cause to believe that
his conduct was unlawful.

 

Section 4. Indemnity
in Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee in accordance with the provisions
of this Section 4 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right
of the Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be indemnified against all Expenses
actually and reasonably incurred by him or on his behalf in connection with such Proceeding or any claim, issue or matter therein,
if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company.
No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee
shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that the Nevada Court of
Chancery or any court in which the Proceeding was brought shall determine upon application that, despite the adjudication of liability
but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification.

 

Section 5. Indemnification
for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement, to the
extent that Indemnitee is a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or
in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses
actually and reasonably incurred by him in connection therewith. If Indemnitee is not wholly successful in such Proceeding but
is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the
Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection
with each successfully resolved claim, issue or matter. If the Indemnitee is not wholly successful in such Proceeding, the Company
also shall indemnify Indemnitee against all Expenses actually and reasonably incurred in connection with a claim, issue or matter
related to any claim, issue, or matter on which the Indemnitee was successful. For purposes of this Section and without limitation,
the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to
be a successful result as to such claim, issue or matter.

 

Section 6. Indemnification
For Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses
actually and reasonably incurred by him or on his behalf in connection therewith.

 

 

 

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Section 7. Additional Indemnification.

 

(a)
Notwithstanding any limitation in Sections 3, 4, or 5, the Company shall indemnify Indemnitee to the fullest extent
permitted by law if Indemnitee is a party to or threatened to be made a party to or a participant in any Proceeding (including
a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts
paid in settlement actually and reasonably incurred by Indemnitee in connection with the Proceeding.

 

(b) For purposes of Section
7(a), the meaning of the phrase “to the fullest extent permitted by law” shall include, but not be limited
to:

 

(i) to the fullest extent
permitted by the provision of the NRS that authorizes or contemplates additional indemnification by agreement, or the corresponding
provision of any amendment to or replacement of the NRS; and

 

(ii)        
to the fullest extent authorized or permitted by any amendments to or replacements of the NRS adopted after the date of
this Agreement that increase the extent to which a corporation may indemnify its officers and directors.

 

Section 8. Exclusions.
Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity
in connection with any claim made against Indemnitee:

 

(a) 
for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision,
except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision, except (i) to
the extent that amounts are thereafter “clawed back” or otherwise under dispute and (ii) as may be otherwise agreed
upon by the Company in writing;

 

(b) 
for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company
within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory
law or common law; or

 

(c) 
in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or
any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees,
unless (i) the Board authorized the Proceeding (or any part of the Proceeding) prior to its initiation (ii) the Company provides
the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law or (iii) such Proceeding
is initiated by Indemnitee to enforce his rights under this Agreement.

 

Section 9. Advances
of Expenses. Notwithstanding any provision of this Agreement to the contrary, the Company shall advance the expenses incurred
by Indemnitee in connection with any Proceeding within thirty (30) days after the receipt by the Company of a statement or statements
requesting such advances from time to time (which shall include invoices received by Indemnitee in connection with such Expenses
but, in the case of invoices in connection with legal services, any references to legal work performed or to expenditures made
that would cause Indemnitee to waive any privilege accorded by applicable law shall not be so included), whether prior to or after
final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee’s
ability to repay the expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other
provisions of this Agreement. Advances shall include any and all reasonable Expenses incurred pursuing an action to enforce this
right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed.
The Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement which shall constitute
an undertaking providing that the Indemnitee undertakes to repay the advance to the extent that it is ultimately determined that
Indemnitee is not entitled to be indemnified by the Company. This Section 9 shall not apply to any claim made by Indemnitee for
which indemnity is excluded pursuant to Section 8.

 

Section 10. Procedure for Notification and Defense of Claim.

 

(a) To obtain
indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or
therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to
determine whether and to what extent Indemnitee is entitled to indemnification, not later than thirty (30) days after receipt
by Indemnitee of notice of the commencement of any Proceeding. The failure by Indemnitee to notify the Company will not
relieve the Company from any liability which it may have to Indemnitee hereunder or under any other agreement (including,
without limitation, the Company’s Certificate of Incorporation and Bylaws), and any delay in so notifying the Company
shall not constitute a waiver by Indemnitee of any rights hereunder, except to the extent (solely with respect to the
indemnity hereunder) that such failure or delay materially prejudices the Company. The Secretary of the Company shall,
promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested
indemnification.

 

 

 

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(b) The Company will be entitled to participate
in the Proceeding at its own expense.

 

Section 11. Procedure Upon Application for Indemnification.

 

(a) Upon written request
by Indemnitee for indemnification pursuant to the first sentence of Section 10(a), a determination, if required by applicable
law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change in Control shall
have occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee or (ii)
if a Change in Control shall not have occurred, (A) by a majority vote of the Disinterested Directors, even though less than a
quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors,
even though less than a quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested Directors
so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee or (D) if
so directed by the Board, by the stockholders of the Company; and, if it is so determined that Indemnitee is entitled to indemnification,
payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall cooperate with the person,
persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing
to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or
otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination.
Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person,
persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s
entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

(b)
In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section
11(a) hereof, the Independent Counsel shall be selected as provided in this Section 11(b). If a Change in Control shall
not have occurred, the Independent Counsel shall be selected by the Board, and the Company shall give written notice to Indemnitee
advising him of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent
Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board, in which event
the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the
Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within ten (10) days after
such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written
objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent
Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2 of this
Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely
objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the
Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has
determined that such objection is without merit. If, within twenty (20) days after submission by Indemnitee of a written request
for indemnification pursuant to Section 10(a) hereof, no Independent Counsel shall have been selected and not objected to,
either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have
been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent
Counsel of a person selected by the Court or by such other person as the Court shall designate, and the person with respect to
whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 11(a) hereof.
Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 13(a) of this Agreement, Independent
Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of
professional conduct then prevailing).

 

 

 

    	 	10	 

     

    

 

Section 12. Presumptions and Effect of Certain Proceedings.

 

(a) In making a determination
with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume
that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification
in accordance with Section 10(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption
in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the
failure of the Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement
of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable
standard of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that
Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee
has or has not met the applicable standard of conduct.

 

(b) If the person, persons
or entity empowered or selected under Section 11 of this Agreement to determine whether Indemnitee is entitled to indemnification
shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the requisite
determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification,
absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification or (ii) a prohibition of such indemnification
under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an
additional thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to indemnification
in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto;
and provided, further, that the foregoing provisions of this Section 12(b)  shall not apply (i) if the determination
of entitlement to indemnification is to be made by the stockholders pursuant to Section 11(a) of this Agreement and if
(A) within fifteen (15) days after receipt by the Company of the request for such determination the Board has resolved to submit
such determination to the stockholders for their consideration at an annual meeting thereof to be held within seventy-five (75)
days after such receipt and such determination is made thereat, or (B) a special meeting of stockholders is called within fifteen
(15) days after such receipt for the purpose of making such determination, such meeting is held for such purpose within sixty
(60) days after having been so called and such determination is made thereat or (ii) if the determination of entitlement to indemnification
is to be made by Independent Counsel pursuant to Section 11(a) of this Agreement.

 

(c)
The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction,
or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement)
of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good
faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect
to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

(d)
Reliance as Safe Harbor. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted
in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements,
or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal
counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public
accountant or by an appraiser or other expert selected with reasonable care by the Enterprise. The provisions of this Section
12(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed
to have met the applicable standard of conduct set forth in this Agreement.

 

(e) Actions of Others.
The knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed
to Indemnitee for purposes of determining the right to indemnification under this Agreement.

 

Section 13. Remedies of Indemnitee.

 

(a) In the event that (i)
a determination is made pursuant to Section 11 of this Agreement that Indemnitee is not entitled to indemnification under
this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 9 of this Agreement, (iii) no determination
of entitlement to indemnification shall have been made pursuant to Section 11(a) of this Agreement within forty-five (45)
days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section
5 or 6 or the last sentence of Section 11(a) of this Agreement within ten (10) days after receipt by the Company of
a written request therefor, (v) payment of indemnification pursuant to Section 3, 4 or 7 of this Agreement is not made within
ten (10) days after a determination has been made that Indemnitee is entitled to indemnification or (vi) the Company or any other
person or entity takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation
or other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided
to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court, selected pursuant to Section 22, to such indemnification
or advancement of Expenses. Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a single
arbitrator through the Judicial Arbitration and Mediation Service (“JAMS”). Indemnitee shall commence such proceeding
seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right to
commence such proceeding pursuant to this Section 13(a); provided, however, that the foregoing clause shall not apply in
respect of a proceeding brought by Indemnitee to enforce his rights under Section 5 of this Agreement. The Company shall
not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

 

 

 

    	 	11	 

     

    

 

(b)     
In the event that a determination shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee
is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 13 shall be
conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of
that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 13 the Company
shall have the burden of proving Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be.

 

(c) If a determination
shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is entitled to indemnification, the Company
shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 13, absent
(i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification or (ii) a prohibition of such indemnification under
applicable law.

 

(d)
The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section
13 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any
such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement. The Company shall indemnify
Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company
of a written request therefore) advance such Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action
brought by Indemnitee for indemnification or advancement of Expenses from the Company under this Agreement or under any directors’
and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined
to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be.

 

Section 14. Non-exclusivity; Survival of Rights; Insurance; Subrogation.

 

(a) The rights of indemnification
and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which
Indemnitee may at any time be entitled under applicable law, the Company’s Certificate of Incorporation, the Company’s
Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of
this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any
action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent
that a change in Nevada law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses
than would be afforded currently under the Company’s Certificate of Incorporation, Bylaws and this Agreement, it is the
intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No
right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall
be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion
or employment of any other right or remedy.

 

 

 

    	 	12	 

     

    

 

(b)
To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers,
employees, or agents of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise which such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance
with its or their terms to the maximum extent of the coverage available for any such director, officer, employee or agent under
such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director
and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers
in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance
with the terms of such policies.

 

(c)
In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of
the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights,
including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

 

(d)
The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable (or for which
advancement is provided hereunder) hereunder if and to the extent that Indemnitee has otherwise actually received such payment
under any insurance policy, contract, agreement or otherwise except (i) to the extent that amounts are thereafter “clawed
back” or otherwise under dispute and (ii) as may be otherwise agreed upon by the Company in writing.

 

(e) The Company’s
obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company as a director,
officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise
shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such other
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.

 

Section 15. Duration
of Agreement. This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee
shall have ceased to serve as a director or (b) one (1) year after the final termination of any Proceeding then pending in respect
of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding (including
any appeal) commenced by Indemnitee pursuant to Section 13 of this Agreement relating thereto. This Agreement shall be binding
upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his heirs, executors and administrators.
The Company shall require and shall cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise)
to all or substantially all of the business or assets of the Company to, by written agreement, expressly assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had
taken place.

 

Section 16. Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:
(a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each
portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not
itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to
the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform
to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the
provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such
provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed
so as to give effect to the intent manifested thereby.

 

Section 17. Enforcement.

 

(a) The Company expressly
confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce
Indemnitee to serve as a director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement
in serving as a director of the Company.

 

(b) This Agreement constitutes
the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements
and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof.

 

 

 

    	 	13	 

     

    

 

Section 18. Modification
and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties
thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions
of this Agreement nor shall any waiver constitute a continuing waiver.

 

Section 19. Notice
by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification
or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company
of any obligation which it may have to the Indemnitee under this Agreement or otherwise.

 

Section 20. Notices.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been
duly given (a) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed,
or (b) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so
mailed:

 

(a)     
If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee
shall provide to the Company.

 

(b)     
If to the Company to:

E-5-2, Megan Avenue 1, Block E

189 Jalan Tun Razak

50400 Kuala Lumpur, Malaysia

Attn: President

 

or to any other address as may have been furnished to Indemnitee
by the Company.

 

Section 21. Contribution.
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred
by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses,
in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and
reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the
Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding and/or (ii) the relative
fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or
transaction(s).

 

Section 22. Applicable
Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed
and enforced in accordance with, the laws of the State of Nevada, without regard to its conflict of laws rules. Except with respect
to any arbitration commenced by Indemnitee pursuant to Section 13(a) of this Agreement, the Company and Indemnitee hereby irrevocably
and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought
only in the Superior Court of the State of Nevada (the “Nevada Court”), and not in any other state or federal
court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of
the Nevada Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any
objection to the laying of venue of any such action or proceeding in the Nevada Court and (iv) waive, and agree not to plead or
to make, any claim that any such action or proceeding brought in the Nevada Court has been brought in an improper or inconvenient
forum.

 

Section 23. Coverage.
This Agreement shall apply with respect to Indemnitee’s service as a director of the Company prior to the date of this Agreement.

 

Section
24. Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes
be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed
by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. The parties
hereto agree to accept a facsimile transmission copy of their respective actual signatures as evidence of their actual signatures
to this Agreement and any modification or amendment of this Agreement; provided, however, that each party who produces a facsimile
signature agrees, by the express terms hereof, to place, promptly after transmission of his or her signature by fax, a true and
correct original copy of his or her signature in overnight mail to the address of the other party.

 

 

    	 	14	 

     

    

 

Section 25. Miscellaneous. Use of the
masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate. The headings of the paragraphs of
this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

IN WITNESS WHEREOF, the parties have caused
this Agreement to be signed as of the day and year first above written.

 

PRIME GLOBAL CAPITAL GROUP INCORPORATED INDEMNITEE

 

 

	By: ____________________	 	______________________
	 	 	Choon Meng, Soo
	Name: Weng Kung, Dato' Wong	 	 
	 	 	 
	Its: Chief Executive Officer	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	15	 

     

    

 

EXHIBIT B

 

PROPRIETARY INFORMATION, INVENTIONS AND NON-COMPETITION
AGREEMENT

 

This PROPRIETARY INFORMATION, INVENTIONS and
NON-COMPETITION AGREEMENT (the “Agreement”) is made and entered into as of August 01, 2017 (the “Effective Date”),
by and between Prime Global Capital Group Incorporated, a Nevada corporation (“Corporation”) and Choon Meng, Soo (“Director”).

 

RECITALS

 

WHEREAS, the parties desire to assure the confidential
status and proprietary nature of the information which may be disclosed by Corporation to the Director; and

 

AGREEMENT

 

NOW THEREFORE, in reliance upon and in consideration
of the following undertaking, the parties agree as follows:

 

1. Nondisclosure.

 

1.1 Recognition of Corporation’s Rights;
Nondisclosure. At all times during the period of time Director serves as a member of the board of directors of the Corporation
(“Service Period”) and provides the necessary and requested services in such capacity (“Services”), Director
will hold in strictest confidence and will not disclose, use, lecture upon or publish any of the Corporation’s Proprietary
Information (defined below), except as such disclosure, use or publication may be required in connection with Service to the Corporation,
or unless the Corporation expressly authorizes such disclosure in writing. Director will obtain Corporation’s written approval
before publishing or submitting for publication any material (written, verbal, or otherwise) that relates to Services and/or incorporates
any Proprietary Information. Director hereby assigns to the Corporation any rights Director may have or acquire in such Proprietary
Information and recognizes that all Proprietary Information shall be the sole property of the Corporation and its assigns.

 

1.2 Proprietary Information. The term
“Proprietary Information” shall mean any and all confidential and/or proprietary knowledge, data or information
of the Corporation, including that which Director may produce in service to the Corporation. By way of illustration but not limitation,
“Proprietary Information” includes (a) trade secrets, inventions, mask works, ideas, processes, formulas, source
and object codes, data, programs, other works of authorship, know-how, improvements, discoveries, developments, designs and techniques
(hereinafter collectively referred to as “Inventions”); and (b) information regarding plans for research, development,
new products, marketing and selling, business plans, budgets and unpublished financial statements, pricing strategies, licenses,
prices and costs, suppliers and customers; and (c) information regarding the skills and compensation of other service providers
of the Corporation.

 

1.3 Third Party Information. Director
understands, in addition, that the Corporation has received and in the future will receive from third parties, including clients,
customers, consultants, licensees or affiliates, confidential or proprietary information (“Third Party Information”).
Director understands that the Corporation has a duty to maintain the confidentiality of such Third Party Information and to use
it only for certain limited purposes. During the Service Period and thereafter, Director will hold Third Party Information in the
strictest confidence and will not disclose Third Party Information to anyone (other than Corporation personnel who need to know
such information in connection with their work for the Corporation) or use Third Party Information (except in connection with the
performance of Director’s Services for the Corporation), unless expressly authorized by the Corporation in writing.

 

1.4 No Improper Use of Information of Prior
Employers and Others. During the Service Period, Director will not improperly use or disclose any confidential information
or trade secrets, if any, of any former or current employer or any other person to whom Director has an obligation of confidentiality,
and Director will not bring onto the Corporation premises any unpublished documents or any property belonging to any former or
current employer or any other person to whom Director has an obligation of confidentiality unless consented to in writing by that
former or current employer or person. In the performance of his duties, Director will only use information which is generally known
and used by persons with training and experience comparable to his own, which is common knowledge in the industry or otherwise
legally in the public domain, or which is otherwise provided or developed by the Corporation.

 

 

 

    	 	16	 

     

    

 

2.       Assignment
of Inventions.

 

2.1 Proprietary Rights. The term “Proprietary
Rights” shall mean all trade secrets, patent, copyright, mask work and other intellectual property rights throughout
the world.

 

2.2 Prior Inventions. Inventions, if
any, patented or unpatented, which Director made prior to the commencement of the Service Period are excluded from the scope of
this Agreement. To preclude any possible uncertainty, Director has set forth on Attachment B (Previous Inventions) attached
hereto a complete list of all Inventions that Director has or caused to be (alone or jointly with others) conceived, developed
or reduced to practice prior to the commencement of the Service Period, that Director considers to be his property or the property
of third parties and that Director wishes to have excluded from the scope of this Agreement (collectively referred to as “Prior
Inventions”). If such disclosure would cause Director to violate any prior confidentiality agreement, Director shall
not list such Prior Inventions in Attachment B but only disclose a cursory name for each such Invention, a listing of the
party(ies) to whom it belongs and the fact that full disclosure as to such inventions has not been made for that reason. A space
is provided on Attachment B for such purpose. If no such disclosure is attached, Director represents that there are no Prior
Inventions. If, during the Service Period, Director incorporates a Prior Invention into a Corporation product, process or machine,
the Corporation is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license (with
rights to sublicense through multiple tiers of sublicensees) to make, have made, modify, use and sell such Prior Invention. Notwithstanding
the foregoing, Director agrees that he will not incorporate, or permit to be incorporated, Prior Inventions in any Corporation
Inventions without the Corporation’s prior written consent.

 

2.3 Assignment of Inventions. Subject
to Sections 2.4 and 2.6, Director hereby assigns, and agrees to assign in the future when any such Inventions or Proprietary Rights
are first reduced to practice or first fixed in a tangible medium, as applicable, to the Corporation all right, title and interest
in and to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable or registrable under
copyright or similar statutes, made or conceived or reduced to practice or learned by Director, either alone or jointly with others,
during the Service Period. Inventions assigned to the Corporation, or to a third party as directed by the Corporation pursuant
to this Section 2, are hereinafter referred to as “Corporation Inventions.”

 

2.4 Non-assignable Inventions.
This Agreement does not apply to an Invention which the Director developed entirely on his or her own time without using the Company’s
equipment, supplies, facilities, or trade secret information except for those inventions that either:

 

		·	Relate at the time of conception or reduction
to practice of the invention to the Company’s business, or actual or demonstrably anticipated research or development of
the Company; or

 

		·	Result from any Services performed by the Director
for the Company.

 

2.5. Limited Exclusion Notification.
Director has reviewed the notification on Attachment A (Limited Exclusion Notification) and agrees that his signature acknowledges
receipt of the notification.

 

2.6 Obligation to Keep Corporation Informed.
During the Service Period, and for twelve (12) months after termination of the Service Period, Director will fully disclose in
writing to the Corporation all Inventions authored, conceived or reduced to practice by Director, either alone or jointly with
others, within no more than thirty (30) days after creation. In addition, Director will disclose to the Corporation all patent
applications filed within a year after termination of the Service Period by Director, or on his behalf, within no more than thirty
(30) days after filing. At the time of each such disclosure, Director will advise the Corporation in writing of any Inventions
that he believes fully qualify for exemption under Section 2.4 of this Agreement, and Director will, at that time, provide all
written evidence necessary to substantiate that belief. The Corporation will keep in confidence and will not use for any purpose
or disclose to third parties without Director’s consent any confidential information disclosed in writing to the Corporation
pursuant to this Agreement relating to Inventions that qualify fully for exemption under the provisions of Section 2.4 of this
Agreement. Director will preserve the confidentiality of any Invention that does not fully qualify for exemption under Section
2.4 of this Agreement.

 

2.7 Works for Hire. Director
acknowledges that all original works of authorship which are made by Director (solely or jointly with others) within the
scope of Service and which are protectable by copyright are “works made for hire,” pursuant to United States
Copyright Act (17 U.S.C., Section 101) and shall be the sole property of the Corporation.

 

 

 

    	 	17	 

     

    

 

2.8 Enforcement of Proprietary Rights.
Director will assist the Corporation, or its nominee, to obtain and enforce United States and foreign Proprietary Rights relating
to Corporation Inventions in any and all countries, and such Proprietary Rights and Corporation Inventions shall be and remain
the sole and exclusive property of the Corporation, or its nominee, whether or not patented or copyrighted. Accordingly, Director
will promptly execute, verify and deliver such documents and perform such other acts (including appearances as a witness and assistance
or cooperation in legal proceedings) as the Corporation may reasonably request in applying for, obtaining, perfecting, evidencing,
sustaining and enforcing such Proprietary Rights and the assignment thereof. This obligation shall survive and continue beyond
the termination of the Service Period, but the Corporation shall compensate Director at a reasonable rate after his termination
for the time actually spent providing such assistance.

 

2.9 Appointment of Corporation as Agent.
If, after reasonable effort, the Corporation is unable to secure Director’s signature on any document needed in connection
with the actions specified herein, Director hereby irrevocably designates and appoints the Corporation and its duly authorized
officers and agents as Director’s agents and attorneys-in-fact, which appointment is coupled with an interest, to act for
and in Director’s behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to further
the purposes of this Agreement with the same legal force and effect as if executed by Director. Director hereby waives and quitclaims
to the Corporation any and all claims, of any nature whatsoever, which Director now or may hereafter have for infringement of any
Proprietary Rights assigned hereunder to the Corporation.

 

3.           
Records.

 

Director agrees to keep and maintain adequate
and current records (in the form of notes, sketches, drawings and in any other form that may be required by the Corporation) of
all Proprietary Information developed by Director and all Inventions made by Director during the Service Period, which records
shall be available to and remain the sole property of the Corporation at all times.

 

4.           
Non-Competition Obligation.

 

Director agrees that during the Service Period,
Director will not provide any services or engage in any employment or business activity which is competitive with, or would otherwise
conflict with, Director’s Service to the Corporation, without the Corporation’s express written consent. Director agrees
further that during the Service Period and for two (2) years after the termination of the Service Period, Director will not, either
directly or through others, use trade secret information of the Company to solicit or attempt to solicit any customer, vendor,
employee, independent contractor or consultant of the Corporation to terminate his or her relationship with the Corporation in
order to become a customer, vendor, employee, consultant or independent contractor to or for any other person or entity including,
without limitation, Director.

 

5.           
Non-Solicitation With the Corporation.

 

Director covenants and agrees that, for a period
of two (2) years following termination of the Service Period, Director will not use trade secret information of the Corporation
to solicit or engage in competitive business with Corporation’s existing or potential vendors or customers at the time of
his separation from the Corporation and Director will not encourage or solicit any customer, vendor, employee or consultant to
leave the Corporation for any reason.

 

6.           
No Conflicting Obligation.

 

Director represents that his performance of
all the terms of this Agreement and as a Director to the Corporation does not and will not breach any agreement to keep information
acquired by Director prior to the Service Period in confidence or trust. Director has not entered into, and agrees he will not
enter into, any agreement either written or oral in conflict herewith.

 

 

 

    	 	18	 

     

    

 

7.           
Return of Corporation Documents.

 

Upon termination of the Service Period, Director
will deliver to the Corporation any and all drawings, notes, memoranda, specifications, devices, formulas, and documents, together
with all copies thereof, and any other material containing, comprising or disclosing any Corporation Inventions, Proprietary Information
and Third Party Information. Director further agrees that any property situated on the Corporation’s premises and owned by
the Corporation, including disks and other storage media, filing cabinets or other work areas, is subject to inspection by the
Corporation at any time with or without notice. Prior to leaving, Director will cooperate with the Corporation in completing and
signing the Corporation’s termination statement, which will include, at a minimum, the certifications set forth in Attachment
C.

 

8.           
Legal and Equitable Remedies.

 

Because Director’s services are personal
and unique and because Director may have access to and become acquainted with the Proprietary Information of the Corporation, the
Corporation shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other
equitable relief, without bond and without prejudice to any other rights and remedies that the Corporation may have for a breach
of this Agreement.

 

9.           
Notices.

 

Any notices required or permitted hereunder
shall be given to the appropriate party at the address specified below or at such other address as the party shall specify in writing.
Such notice shall be deemed given upon personal delivery to the appropriate address or, if sent by certified or registered mail,
three (3) days after the date of mailing.

 

10.         
General Provisions.

 

10.1
Governing Law; Consent to Personal Jurisdiction; Attorney’s Fees. This Agreement and the legal relations among the
parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Nevada, without regard to
its conflict of laws rules. The Corporation and Director hereby irrevocably and unconditionally (i) agree that any action or proceeding
arising out of or in connection with this Agreement shall be brought only in the State of Nevada (the “Nevada Court”),
and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to
submit to the exclusive jurisdiction of the Nevada Court for purposes of any action or proceeding arising out of or in connection
with this Agreement, and (iii) waive any objection to the laying of venue of any such action or proceeding in the Nevada Court
and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Nevada Court has
been brought in an improper or inconvenient forum.

 

10.2 Severability. If one or more of
the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement, and this Agreement shall
be construed as if such invalid, illegal or unenforceable provision had never been contained herein. If, moreover, any one or more
of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical
scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible
with the applicable law as it shall then appear.

 

10.3 Successors and Assigns. This Agreement
will be binding upon Director’s heirs, executors, administrators and other legal representatives and will be for the benefits
of the Corporation, its successors, and its assigns.

 

10.4 Survival. Director agrees that
the provisions of this Agreement shall survive the termination of the Service Period and the assignment of this Agreement by the
Corporation to any successor-in-interest or other assignee, regardless of the reason or reasons for termination and whether such
termination is voluntary or involuntary.

 

10.5 Nature of Relationship. This
Agreement shall not be deemed nor does it create an employment contract between the Corporation (or any of its subsidiaries
or related companies) and Director. Director is an independent contractor and shall not be deemed an employee of the
Corporation for purposes of employee benefits, income tax withholding, F.I.C.A. taxes, unemployment benefits or any other
purpose. Director’s term of service is defined in Section 7 of the Director Retainer Agreement between Director and the
Company signed concurrently herewith.

 

 

 

    	 	19	 

     

    

 

10.6 Waiver. No waiver by the Corporation
of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by the Corporation of any right
under this Agreement shall be construed as a waiver of any other right. The Corporation shall not be required to give notice to
enforce strict adherence to all terms of this Agreement.

 

10.7 Advice of Counsel. Director acknowledges
that, in executing this Agreement, Director has had the opportunity to seek the advice of independent legal counsel, and Director
has read and understood all of the terms and provisions of this Agreement. This Agreement shall not be construed against any party
by reason of the drafting or preparation hereof.

 

10.8 Modification. This Agreement may
not be changed, modified, released, discharged, abandoned or otherwise amended, in whole or in part, except by an instrument in
writing, signed by Director and the Corporation. Director agrees that any subsequent change or changes in Director’s duties,
salary, or compensation shall not affect the validity or scope of this Agreement.

 

10.9 Entire Agreement. The obligations
of this Agreement shall apply to any time during which Director previously provided service, or will in the future provide service,
to the Corporation as a consultant or agent if no other agreement governs nondisclosure and assignment of inventions during such
period. This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof
and supersedes and merges all prior discussions between us. No modification of or amendment to this Agreement, nor any waiver of
any rights under this Agreement, will be effective unless in writing and signed by the party to be charged. The headings in this
Agreement are used for convenience only and are not to be considered a part of this Agreement or be used to interpret the meaning
of any part of this Agreement.

 

10.10 Counterparts. This Agreement may
be signed in two counterparts, each shall be deemed an original and both of which shall together constitute one agreement. The
parties hereto agree to accept a facsimile transmission copy of their respective actual signatures as evidence of their actual
signatures to this Agreement and any modification or amendment of this Agreement; provided, however, that each party who produces
a facsimile signature agrees, by the express terms hereof, to place, promptly after transmission of his or her signature by fax,
a true and correct original copy of his or her signature in overnight mail to the address of the other party.

 

[The remainder of this page has been intentionally
left blank. Signature page(s) to follow]

 

 

    	 	20	 

     

    

 

I HAVE READ THIS AGREEMENT CAREFULLY AND UNDERSTAND
ITS TERMS. I HAVE COMPLETELY FILLED OUT ATTACHMENT B TO THIS AGREEMENT. NO PROMISES OR REPRESENTATIONS HAVE BEEN MADE TO ME TO
INDUCE ME TO SIGN THIS AGREEMENT. I SIGN THIS AGREEMENT VOLUNTARILY AND FREELY.

 

 

Dated: August 1, 2017

 

 

By: ________________________

 

Printed Name: Choon Meng,
Soo

 

ACCEPTED AND AGREED TO:

 

PRIME GLOBAL CAPITAL GROUP INCORPORATED

 

By: _________________________

 

Its: Chief Executive Officer

 

 

 

 

 

 

 

 

 

    	 	21	 

     

    

 

ATTACHMENT A

 

LIMITED EXCLUSION NOTIFICATION

 

THIS IS TO NOTIFY you that the foregoing
Agreement between you and the Corporation dots not require you to assign or offer to assign to the Corporation any invention that
you developed entirely on your own time without using the Corporation's equipment, supplies, facilities or trade secret information
except for those inventions that either:

 

1.    
Relate at the time of conception or reduction to practice of the invention to the Corporation's business or actual or demonstrably
anticipated research or development of the Corporation;

 

2.    
Result from any Services performed by you for the Corporation.

 

To the extent a provision in the foregoing
Agreement purports to require you to assign an invention otherwise excluded front the preceding paragraph, the provision is unenforceable.

 

This limited exclusion
does not apply to any patent or invention covered by a contract between the Corporation and the United States or any of its agencies
requiring full title to such patent or invention to be in the United States.

 

I ACKNOWLEDGE RECEIPT
of a copy of this notification.

 

	 	By: ___________________
	 	 
	 	Date: August 1, 2017

 

 

WITNESSED BY:

 

 

_________________________________

(Printed Name Of Corporation Representative

 

 

 

    	 	22	 

     

    

 

ATTACHMENT B

 

TO:     [                                   ]

 

FROM: _____________________

 

DATE: _____________________

 

SUBJECT: Previous Inventions

 

 1. Except as listed in Section 2 below, the following is a complete list of all inventions or improvements relevant to the subject matter of my provision of service to Prime Global Capital Group Incorporated, a Nevada corporation (the “Corporation”), that have been made or conceived or first reduced to practice by me alone or jointly with others prior to my engagement by the Corporation:

 

 o No inventions or improvements.

o See
below:

 

_____________________________________________________________

_____________________________________________________________

_____________________________________________________________

 

o Additional sheets
attached.

 

2. Due to a prior confidentiality agreement, I cannot complete
the disclosure under Section 1 above with respect to inventions or improvements generally listed below, the proprietary rights
and duty of confidentiality with respect to which I owe to the following party(ies):

 

	 	Invention or Improvement Party(ies)	 	Relationship
	1.	 	 	 
	2.	 	 	 
	3.	 	 	 

 

o Additional sheets
attached.

 

 

 

 

 

 

 

 

 

    	 	23	 

     

    

 

ATTACHMENT C

 

CERTIFICATIONS

 

[Fill Out ONLY Upon Termination of Relationship]

 

I certify that I do not have in my possession,
nor have I failed to return, any records, documents, computer disks, tapes or printouts, sound recordings, customer lists, photographs,
data, specifications, drawings, blueprints, reproductions, sketches, notes, reports, proposals, or copies of them, or other documents
or materials, equipment, samples, prototypes, models or material containing, comprising or disclosing any Corporation Inventions,
Third Party Information or Proprietary Information of the Corporation, its successors and assigns.

 

I further certify that I have complied with
and will continue to comply with all the terms of the Proprietary Information and Inventions Agreement signed by me with the Corporation,
including the reporting of any Inventions conceived or made by me covered by such agreement.

 

I further agree that in compliance with the
Proprietary Information and Inventions Agreement, I will preserve as confidential all trade secrets, confidential information,
Proprietary Information, Inventions, Third Party Information, Proprietary Rights and Corporation Inventions, as well as any other
subject matter pertaining to any business of the Corporation or any of its clients, customers, consultants, licensees, or affiliates.

 

 

 

	 	 
	 	 
	 	 
	 	Date

 

 

 

 

 

 

 

 

 

 

    	 	24Exhibit

Exhibit 10.1

COLE CREDIT PROPERTY TRUST V, INC.
Up to $1,500,000,000 of Shares of Class A Common Stock and Class T Common Stock

SECOND AMENDED AND RESTATED DEALER MANAGER AGREEMENT
August 1, 2017
Cole Capital Corporation
2325 East Camelback Road
Suite 1100
Phoenix, Arizona 85016
Ladies and Gentlemen:
This Second Amended and Restated Dealer Manager Agreement (the “Agreement”) amends, restates and replaces in full that certain Amended and Restated Dealer Manager Agreement dated April 29, 2016 by and between Cole Credit Property Trust V, Inc., a Maryland corporation (the “Company”), and Cole Capital Corporation (the “Dealer Manager”), as amended by that certain Amendment No. 1 to Amended and Restated Dealer Manager Agreement between the Company and the Dealer Manager dated October 5, 2016.
The Company has registered for a public sale a maximum of $1,500,000,000 in shares of Class A common stock, $0.01 par value per share (“Class A Shares”), and Class T common stock, $0.01 par value per share (“Class T Shares”) (the Class A Shares and the Class T Shares, collectively, the “Shares” or the “Stock”), consisting of (a) up to $660,000,000 in Class A Shares in the primary offering at a price of $26.37 per share (subject in certain circumstances to discounts based upon the volume of shares purchased and for certain categories of purchasers), (b) up to $540,000,000 in Class T Shares in the primary offering at a price of $25.26 per share (subject in certain circumstances to discounts based upon the volume of shares purchased and for certain categories of purchasers), (c) up to $165,000,000 in Class A Shares pursuant to the Company’s distribution reinvestment plan at a purchase price of $24.00 per share and (d) up to $135,000,000 in Class T Shares pursuant to the Company’s distribution reinvestment plan at a purchase price of $24.00 per share, all upon the other terms and subject to the conditions set forth in the Prospectus (as defined in Section 1.1, below) (the “Offering”). The aforementioned per share prices at which the Shares are being offered pursuant to the Offering are based on the estimated per share net asset value (“NAV”) of the Company as determined by the Company’s board of directors as of December 31, 2016, plus, in the case of the primary offering, applicable commissions and fees. Subsequent estimates of the Company’s NAV will be made by the Company’s board of directors at least annually. Upon any subsequent estimate of the Company’s NAV, the per share price for Shares in the Company’s primary offering and the Company’s distribution reinvestment plan will be equal to the most recent NAV as determined by the Company’s board of directors divided by the number of Shares outstanding as of the date of the most recent NAV determination, plus, in the case of the primary offering, applicable commissions and fees. The Company reserves the right to reallocate the Shares included in the Offering among the classes of Shares and between those offered pursuant to the primary offering and those offered pursuant to the distribution reinvestment plan. There shall be a minimum purchase by any one person of $2,500 (except as otherwise indicated in the Prospectus or in any letter or memorandum from the Company to the Dealer Manager). Terms not defined in this Agreement shall have the same meaning as in the Prospectus. In connection therewith, the Company hereby agrees with you, the Dealer Manager, as follows:

		
	1.
	Representations and Warranties of the Company

As an inducement to the Dealer Manager to enter into this Agreement, the Company represents and warrants to the Dealer Manager that:
1.1. A registration statement (Registration No. 333-215274) on Form S-11 with respect to the Company has been prepared by the Company in accordance with applicable requirements of the Securities Act of 1933, as amended (the “Securities Act”), and the applicable rules and regulations (the “Rules and Regulations”) of the Securities and Exchange Commission (the “SEC”) promulgated thereunder, covering the Shares. Such registration statement, including any amendment thereto filed prior to the date hereof, has become effective. Copies of such registration statement and each amendment thereto have been or will be delivered to the Dealer Manager. The registration statement and prospectus contained therein, as finally amended at the effective date of the registration statement, are respectively hereinafter referred to as the “Registration 

Statement” and the “Prospectus,” except that if the Company files a Prospectus or a prospectus supplement pursuant to Rule 424(b) under the Securities Act, or if the Company files a post-effective amendment to the Registration Statement, the term “Prospectus” includes the prospectus filed pursuant to Rule 424(b) or the prospectus included in such post-effective amendment. “Effective Date” shall mean each date and time that the Registration Statement and any post-effective amendment or amendments thereto became or becomes effective.
1.2. On the Effective Date, the Registration Statement did, and when the Prospectus was first filed in accordance with Rule 424(b), the Prospectus (and any supplement thereto) did (and will), comply in all material respects with the applicable requirements of the Securities Act; on the Effective Date and on the date hereof, the Registration Statement did not and will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading; and on the date of any filing pursuant to Rule 424(b), the Prospectus (together with any supplement thereto) will not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
1.3. The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Maryland with full corporate power and authority to own or lease, as the case may be, and to operate its properties and conduct its business as described in the Prospectus, and is duly qualified to do business as a foreign corporation and is in good standing under the laws of each jurisdiction which requires such qualification.
1.4. The Company’s authorized equity capitalization is as set forth in the Prospectus.
1.5. All issued and outstanding securities of the Company have been duly and validly authorized and issued and are fully paid and nonassessable; and none of such securities were issued in violation of the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company. The offers and sales of the outstanding securities of the Company were at all relevant times either registered under the Securities Act, the applicable state securities or “blue sky” laws, or, based in part on the representations and warranties of the purchasers of such securities, exempt from such registration requirements. The holders of outstanding shares of capital stock of the Company are not entitled to preemptive or other rights to subscribe for the Shares; and, except as set forth in the Prospectus and for the Company’s distribution reinvestment plan, no options, warrants or other rights to purchase, agreements or other obligations to issue, or rights to convert any obligations into or exchange any securities for, shares of capital stock of or ownership interests in the Company are outstanding.
1.6. At the time of the issuance of the Shares, the Shares will have been duly authorized and validly issued, and upon payment therefor, will be fully paid and nonassessable and will conform to the description thereof contained in the Prospectus.
1.7. The Company has full legal right, power and authority to enter into this Agreement and to perform the transactions contemplated hereby, except to the extent that the enforceability of the indemnity and/or contribution provisions contained in Section 4 of this Agreement may be limited under applicable securities laws.
1.8. This Agreement has been duly authorized, executed and delivered by the Company and is a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
1.9. The Company intends to use the funds received from the sale of the Shares as set forth in the “Estimated Use of Proceeds” section of the Prospectus.
1.10. No consent, approval, authorization or other order of any governmental authority is required in connection with the execution or delivery by the Company of this Agreement or the issuance and sale by the Company of the Shares, except such as may be required under the Securities Act or applicable state securities laws.
1.11. No action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or its property is pending or, to the knowledge of the Company, threatened that (i) could reasonably be expected to have a material adverse effect on the performance of this Agreement by the Company or (ii) could reasonably be expected to have a material adverse effect on the financial condition, prospects, earnings, business or properties of the Company, taken as a whole, whether or not arising from transactions in the ordinary course of business, except as set forth in or contemplated in the Prospectus.

2

1.12. Neither the execution and delivery of this Agreement, the issue and sale of the Shares nor the fulfillment of the terms hereof will conflict with, result in a breach or violation of, or imposition of any lien, charge or encumbrance upon any property or assets of the Company pursuant to (i) the charter or by-laws of the Company, (ii) the terms of any indenture, contract, lease, mortgage, deed of trust, note agreement, loan agreement or other agreement, obligation, condition, covenant or instrument to which the Company is a party or bound or to which its property is subject, or (iii) any statute, law, rule, or regulation, judgment, order or decree applicable to the Company of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Company or any of its properties, except to the extent that the enforceability of the indemnity and/or contribution provisions contained in Section 4 of this Agreement may be limited under applicable securities laws.
1.13. The SEC has not issued any order or, to the Company’s knowledge, threatened to issue any order preventing or suspending the effectiveness of the Registration Statement or the use of the Prospectus or any part thereof, and has not instituted or, to the Company’s knowledge, threatened to institute any proceedings with respect to such an order.
1.14. The Company qualified as a real estate investment trust pursuant to Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, for the taxable year ended December 31, 2014, and no transaction or other event has occurred or is contemplated which would prevent the Company from continuing to so qualify.
1.15. The Company is not and, after giving effect to the offering and sale of the Shares and the application of the proceeds thereof as described in the Prospectus, will not be an “investment company” as defined in the Investment Company Act of 1940, as amended.
1.16. To the best of the Company’s knowledge, Deloitte & Touche LLP, who have certified certain of the financial statements filed with the SEC as part of the Registration Statement and the Prospectus, is an independent registered public accounting firm with respect to the Company as required by the Securities Act and the Rules and Regulations thereof and the Public Company Accounting Oversight Board.

		
	2.
	Covenants of the Company

The Company covenants and agrees with the Dealer Manager that:
2.1. Prior to the termination of the offering of the Shares, the Company will file every amendment or supplement to the Registration Statement or the Prospectus that may be required by the SEC. The Company will cause the Prospectus, properly completed, and any supplement thereto to be filed with the SEC pursuant to the applicable paragraph of Rule 424(b) within the time period prescribed. The Company will promptly advise the Dealer Manager (i) when the Prospectus, and any supplement thereto, shall have been filed (if required) with the SEC pursuant to Rule 424(b), (ii) when, prior to termination of the offering of the Shares, any amendment to the Registration Statement shall have been filed or become effective, (iii) of the issuance by the SEC of any stop order suspending the effectiveness of the Registration Statement or of any notice objecting to its use or the institution or threatening of any proceeding for that purpose and (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Shares for sale in any jurisdiction or the institution or threatening of any proceeding for such purpose. The Company will use its best efforts to prevent the issuance of any such stop order or the occurrence of any such suspension or objection to the use of the Registration Statement and, upon such issuance, occurrence or notice of objection, to obtain as soon as possible the withdrawal of such stop order or relief from such occurrence or objection, including, if necessary, by filing an amendment to the Registration Statement or a new registration statement and using its best efforts to have such amendment or new registration statement declared effective as soon as practicable.
2.2. If, at any time when a prospectus relating to the Shares is required to be delivered under the Securities Act (including in circumstances where such requirement may be satisfied pursuant to Rule 172), any event occurs as a result of which the Prospectus as then supplemented would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein in the light of the circumstances under which they were made or the circumstances then prevailing not misleading, or if it shall be necessary to amend the Registration Statement or supplement the Prospectus to comply with the Securities Act or the rules thereunder, the Company promptly will (i) prepare and file with the SEC, an amendment or supplement which will correct such statement or omission or effect such compliance; and (ii) supply any supplemented Prospectus to the Dealer Manager in such quantities as it may reasonably request.
2.3. The Company will, at no expense to the Dealer Manager, furnish the Dealer Manager with such number of printed copies of the Registration Statement, including all supplements, amendments and exhibits thereto, as the Dealer Manager may reasonably request. It will similarly furnish to the Dealer Manager, and others designated by the Dealer Manager, 

3

as many copies as the Dealer Manager may reasonably request in connection with the offering of the Shares of: (a) the Prospectus in preliminary and final form and every form of supplemental or amended prospectus; (b) this Agreement; and (c) any other printed sales literature or other materials (provided that the use of said sales literature and other materials has been first approved for use by the Company and all appropriate regulatory agencies).
2.4. The Company will endeavor in good faith, in cooperation with the Dealer Manager, to qualify the Shares for offering and sale under the securities laws of such jurisdictions as the Dealer Manager may reasonably designate and use all reasonable efforts to file and make such statements or reports at such times as are or may be required to continue the qualification of the Shares for offering and sale under the securities laws of such jurisdiction. The Company will furnish to the Dealer Manager a copy of such papers filed by the Company in connection with any such qualification.
 

		
	3.
	Obligations and Compensation of Dealer Manager

3.1. The Company hereby appoints the Dealer Manager as its agent and principal distributor for the purpose of selling for cash up to a maximum of $1,500,000,000 in Shares (or such other amount as the Company allocates to the primary Offering of Shares as described in the first paragraph of this Agreement) through the dealers selected to participate in the distribution of Shares in the Offering who have executed Selected Dealer Agreements with the Dealer Manager (each, a “Dealer” and, collectively, the “Dealers”), all of whom shall be members of the Financial Industry Regulatory Authority, Inc. (“FINRA”). The Dealer Manager may also sell Shares for cash directly to its own clients and customers at the public offering price and subject to the terms and conditions stated in the Prospectus. The Dealer Manager hereby accepts such agency and distributorship and agrees to use its best efforts to sell the Shares on said terms and conditions. The Dealer Manager represents to the Company that (i) it is a member of FINRA; (ii) it and its employees and representatives have all required licenses and registrations to act under this Agreement; and (iii) it has established and implemented anti-money laundering compliance programs in accordance with applicable law, including applicable FINRA rules, SEC rules, and the USA PATRIOT Act of 2001, reasonably designed to detect and cause the reporting of suspicious transactions in connection with the sale of Shares of the Company.
3.2. The Dealer Manager and the Dealers shall commence the offering of the Shares for cash to the public only in jurisdictions in which the Shares are registered or qualified for sale or in which such offering is otherwise permitted. The Dealer Manager and the Dealers will suspend or terminate offering of the Shares upon request of the Company at any time and will resume offering the Shares upon subsequent request of the Company.
3.3. Except as provided in the “Plan of Distribution” section of the Prospectus, as compensation for the services rendered by the Dealer Manager, the Company agrees that it will pay to the Dealer Manager selling commissions in the amount of 7.0% of the gross proceeds of the Class A Shares sold and 3.0% of the gross proceeds of the Class T Shares sold, plus a dealer manager fee in the amount of 2.0% of the gross proceeds of the Shares sold to the public; provided, however, that there shall be no selling commissions and no dealer manager fees paid for sales of Shares under the Company’s distribution reinvestment plan. In addition, the Company agrees that it will pay to the Dealer Manager a monthly distribution and stockholder servicing fee that will be calculated on a daily basis in an amount equal to 1/365th of 1.0% of the Company’s per share NAV of Class T Shares sold, excluding Class T Shares sold pursuant to the distribution reinvestment plan. The Company will cease paying the distribution and stockholder servicing fee with respect to Class T Shares sold in the Offering at the earliest of (i) the end of the month in which the transfer agent, on behalf of the Company, determines that total distribution and stockholder servicing fees paid by a stockholder within his or her individual account would be equal to 4.0% of the stockholder’s total gross investment amount at the time of the purchase of the primary Class T shares held in such account, or a lower limit agreed upon between the Dealer Manager and the Dealer at the time such Class T shares were sold; (ii) the date on which the aggregate underwriting compensation from all sources equals 10.0% of the gross proceeds from the sale of Shares, excluding Shares sold pursuant to the distribution reinvestment plan; (iii) the fourth anniversary of the last day of the month in which the Offering (excluding the offering of shares pursuant to the Company’s distribution reinvestment plan offering) terminates; (iv) the date such Class T share is no longer outstanding; and (v) the date the Company effects a liquidity event. The distribution and stockholder servicing fee relates to the share or shares sold. Payments to the Dealer Manager shall be made by the end of the week following the week in which Shares are sold by wire transfer of immediately available funds to an account designated by the Dealer Manager. Notwithstanding the foregoing, the Dealer Manager will reallow all of the selling commissions to Dealers. The Dealer Manager also may reallow all or a portion of the dealer manager fee and the distribution and stockholder servicing fee to Dealers; provided, however, that with respect to any individual investment, the Dealer Manager will not re-allow the related distribution and stockholder servicing fee to a Dealer if such Dealer ceases to hold the account related to such investment. In addition, the Dealer Manager will not reallow the distribution and stockholder servicing fee to any Dealer if such Dealer has not executed a Selected Dealer Agreement with the Dealer Manager or if the Dealer’s previously executed Selected Dealer Agreement with the Dealer Manager is terminated. In any instance in which the Dealer 

4

Manager does not re-allow the distribution and stockholder servicing fee to a Dealer, the Dealer Manager will return such fee to the Company. If, for any reason, a sale is cancelled or rescinded, the Dealer Manager shall return to the Company the selling commission, the dealer manager fee and the distribution and stockholder servicing fee paid to it with respect to such sale. The Company will not be liable or responsible to any Dealer for direct payment of commissions to such Dealer, it being the sole and exclusive responsibility of the Dealer Manager to make payment of commissions to Dealers. Notwithstanding the above, at its discretion, the Company may act as agent of the Dealer Manager by making direct payment of commissions to such Dealers without incurring any liability therefore.
3.4. The Dealer Manager shall use and distribute, in conjunction with the offer and sale of any Shares, only the Prospectus and such sales literature and advertising as shall have been previously approved in writing by the Company.
3.5. The Dealer Manager acknowledges that the Company may reimburse its advisor for underwriting expenses not covered by the selling commissions, dealer manager fee and distribution and stockholder servicing fee set forth in Section 3.3, but only to the extent that the total of such reimbursements for underwriting expenses and the selling commissions, dealer manager fee and distribution and stockholder servicing fee set forth in Section 3.3 is no more than 10.0% of the gross offering proceeds of the Shares sold in the Offering, excluding proceeds from the distribution reinvestment plan. In no event will total underwriting compensation exceed 10.0% of the gross proceeds of the Shares sold in the Offering, excluding proceeds from the distribution reinvestment plan.

		
	4.
	Indemnification

4.1. The Company agrees to indemnify and hold harmless the Dealer Manager and the directors, officers, employees and agents of the Dealer Manager, each person who controls the Dealer Manager within the meaning of either the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and each affiliate of the Dealer Manager (such directors, officers, employees, agents, controlling persons and affiliates being referred to collectively as “Dealer Manager Affiliates” and, individually, as a “Dealer Manager Affiliate”) against any and all losses, claims, damages or liabilities (“Losses”), joint or several, to which they or any of them may become subject under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise, insofar as such Losses (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement for the registration of the Shares as originally filed or in any amendment thereof, or in the Prospectus or in any amendment thereof or supplement thereto, or in any blue sky application or other document executed by the Company or on its behalf specifically for the purpose of qualifying any or all of the Shares for sale under the securities laws of any jurisdiction (a “Blue Sky Application”), or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and agrees to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by it in connection with investigating or defending any such Losses or action; provided, however , that the Company shall not indemnify or hold harmless the Dealer Manager or any Dealer Manager Affiliates in any such case to the extent that any such Loss arises out of, or is based upon an untrue statement or alleged untrue statement or omission or alleged omission in the information relating to the Dealer Manager that appears in the following sections of the Prospectus or any amendment thereof: Prospectus Summary – Our Dealer Manager; Management – Dealer Manager; and Plan of Distribution – Cole Capital Corporation (collectively, the “Dealer Manager Sections”). Notwithstanding the foregoing, the Company shall not indemnify or hold harmless the Dealer Manager or any Dealer Manager Affiliates in any manner that would be inconsistent with the provisions of Section II.G. of the Statement of Policy Regarding Real Estate Investment Trusts of the North American Securities Administrators Association, Inc., effective May 7, 2007, as may be amended (the “NASAA Guidelines”). In particular, but without limitation, the Company shall not be required to provide indemnity or hold harmless any person under this Section 4.1 for any Loss or expense unless: (i) the person seeking indemnification has determined, in good faith, that its course of conduct was in the best interests of the Company; (ii) the person seeking indemnification was acting on behalf of or performing services on behalf of the Company; (iii) the Loss or expense was not the result of negligence or misconduct on the part of the person seeking indemnification; and (iv) any Loss or expense is recoverable only out of the net assets of the Company and not from the personal assets of the Company’s stockholders. This indemnity agreement will be in addition to any liability which the Company may otherwise have.
In addition, the Company shall not indemnify or hold harmless the Dealer Manager or any Dealer Manager Affiliates for liabilities arising from or out of a violation of state or federal securities laws, unless one or more of the following conditions are met:
(a) there has been a successful adjudication on the merits of each count involving alleged securities law violations;

5

(b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction; or
(c) a court of competent jurisdiction approves a settlement of the claims against the indemnitee and finds that indemnification of the settlement and the related costs should be made, and the court considering the request for indemnification has been advised of the position of the SEC and of the published position of any state securities regulatory authority in which the securities were offered as to indemnification for violations of securities laws.
The advancement of Company funds to the Dealer Manager or any Dealer Manager Affiliate for legal expenses and other costs incurred as a result of any legal action for which indemnification is being sought shall be permissible only if all of the following conditions are satisfied:
(a) the legal action relates to acts or omissions with respect to the performance of duties or services on behalf of the Company;
(b) the legal action is initiated by a third party who is not a stockholder of the Company or the legal action is initiated by a stockholder of the Company acting in his or her capacity as such and a court of competent jurisdiction specifically approves such advancement; and
(c) the Dealer Manager or the Dealer Manager Affiliate undertakes to repay the advanced funds to the Company, together with the applicable legal rate of interest thereon, in cases in which the Dealer Manager or the Dealer Manager Affiliate is found not to be entitled to indemnification.
4.2. The Company agrees to indemnify and hold harmless each Dealer, the directors, officers, employees and agents of each Dealer, each person who controls any Dealer within the meaning of either the Securities Act or the Exchange Act and each affiliate of each Dealer (such directors, officers, employees, agents, controlling persons and affiliates being referred to collectively as “Dealer Affiliates” and, individually, as a “Dealer Affiliate”) against any and all Losses, joint or several, to which they or any of them may become subject under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise, insofar as such Losses (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement for the registration of the Shares as originally filed or in any amendment thereof, or in the Prospectus or in any amendment thereof or supplement thereto, or in any Blue Sky Application, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and agrees to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by it in connection with investigating or defending any such Losses or action; provided, however, that the Company shall not indemnify or hold harmless a Dealer or any of its Dealer Affiliates in any such case if it is determined that such Dealer was at fault in connection with the Loss. Notwithstanding the foregoing, the Company shall not indemnify or hold harmless the Dealer or any Dealer Affiliates in any manner that would be inconsistent with the provisions of Section II.G. of the NASAA Guidelines. In particular, but without limitation, the Company shall not indemnify or hold harmless a Dealer or any of its Dealer Affiliates for liabilities arising from or out of a violation of state or federal securities laws, unless one or more of the following conditions are met:
(a) there has been a successful adjudication on the merits of each count involving alleged securities law violations;
(b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction; or
(c) a court of competent jurisdiction approves a settlement of the claims against the indemnitee and finds that indemnification of the settlement and the related costs should be made, and the court considering the request for indemnification has been advised of the position of the SEC and of the published position of any state securities regulatory authority in which the securities were offered as to indemnification for violations of securities laws.
This indemnity agreement will be in addition to any liability which the Company may otherwise have.
4.3. The Dealer Manager agrees to indemnify and hold harmless the Company, each of its directors, each of its officers who signs the Registration Statement, and each person who controls the Company within the meaning of either the Securities Act or the Exchange Act (such directors, officers and controlling persons being referred to collectively as “Company Affiliates” and, individually, as a “Company Affiliate”) against any and all Losses, joint or several, to which they or any of them may become subject under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise, insofar as such Losses (or actions in respect thereof) arise out of or are based upon: (a) any untrue 

6

statement or alleged untrue statement of a material fact contained in the information relating to the Dealer Manager that appears in the Dealer Manager Sections of the Prospectus or any amendment thereof, or arise out of or are based upon the omission or alleged omission to state in the Dealer Manager Sections a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; (b) any unauthorized use of sales materials or use of unauthorized verbal representations concerning the Shares by the Dealer Manager; or (c) the Dealer Manager’s failure to comply with applicable laws governing money laundry abatement and anti-terrorist financing efforts, including applicable FINRA rules, SEC rules and the USA PATRIOT Act of 2001; and, in each case, agrees to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by it in connection with investigating or defending any such Losses or action. This indemnity agreement will be in addition to any liability which the Dealer Manager may otherwise have.
4.4. Each Dealer, severally, agrees to indemnify and hold harmless the Company, the Dealer Manager and their respective Company Affiliates and Dealer Manager Affiliates against any and all Losses, joint or several, to which they or any of them may become subject under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise, insofar as such Losses (or actions in respect thereof) arise out of or are based upon: (a) any unauthorized use of sales materials or use of unauthorized verbal representations concerning the Shares by such Dealer or Dealer’s representatives or agents in violation of Section VII of the Selected Dealer Agreement, in substantially the form attached hereto as Exhibit A, or otherwise, or any other violation of Section VII of the Selected Dealer Agreement by Dealer; (b) the Dealer’s failure to comply with applicable laws governing money laundry abatement and anti-terrorist financing efforts, including applicable FINRA rules, SEC rules and the USA PATRIOT Act of 2001; or (c) the Dealer’s failure to determine the suitability of any purchase as provided for in Section 11 of this Agreement; and, in each case, will reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by any of them in connection with investigating or defending any such Losses or action. This indemnity agreement will be in addition to any liability which any Dealer may otherwise have.
4.5. Promptly after receipt by an indemnified party under Sections 4.1, 4.2, 4.3 or 4.4 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under Section 4.1, 4.2, 4.3 or 4.4, as the case may be, notify the indemnifying party in writing of the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve it from liability under such Section of this Agreement unless and to the extent it did not otherwise learn of such action and such failure results in the forfeiture by the indemnifying party of substantial rights and defenses and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in such Section of this Agreement. The indemnifying party shall be entitled to appoint counsel of the indemnifying party’s choice at the indemnifying party’s expense to represent the indemnified party in any action for which indemnification is sought (in which case the indemnifying party shall not thereafter be responsible for the fees and expenses of any separate counsel retained by the indemnified party or parties except as set forth below); provided, however, that such counsel shall be subject to approval by the indemnified party, not to be unreasonably withheld or delayed. Notwithstanding the indemnifying party’s election to appoint counsel to represent the indemnified party in an action, the indemnified party shall have the right to employ separate counsel (including local counsel) selected by the indemnifying party, subject to approval by the indemnified party not to be unreasonably withheld or delayed, and the indemnifying party shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest, (ii) the actual or potential defendants in, or targets of, any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, (iii) the indemnifying party shall not have employed counsel for the indemnified party (subject to approval by the indemnified party not to be unreasonably withheld or delayed) to represent the indemnified party within a reasonable time after notice of the institution of such action or (iv) the indemnifying party shall authorize the indemnified party to employ separate counsel at the expense of the indemnifying party. An indemnifying party may settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder but may not do so without the prior written consent of the indemnified parties, unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action, suit or proceeding.
4.6. If the right to indemnification provided for in Sections 4.1, 4.2, 4.3 and 4.4 herein would by its terms be available to a person hereunder, but is held to be unavailable by a court of competent jurisdiction for any reason, then each indemnifying party shall contribute to the aggregate amount paid or payable by such indemnified party as a result of such Losses and expenses in respect thereof, as incurred, in such proportion as is appropriate to reflect the relative fault of the Company, the Dealer Manager and the Dealer, as applicable, in connection with the statements, omissions or other circumstances which resulted in such Losses or expenses, as well as any other relevant equitable considerations.

7

The relative fault of the Company, the Dealer Manager and the Dealer, as applicable, shall be determined by reference to, among other things, the parties’ relative intent, knowledge, and access to information. It is understood that it would not be just and equitable if contribution pursuant to this Section 4.6 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to above in this Section 4.6.
Notwithstanding the provisions of this Section 4, the Dealer Manager or Dealer shall not be required to contribute any amount in excess of the total price of the Shares sold by it.
No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.
For purposes of this Section 4, each Company Affiliate shall have the same rights to contribution as the Company, each Dealer Manager Affiliate shall have the same rights to contribution as the Dealer Manager and each Dealer Affiliate of a particular Dealer shall have the same rights to contribution as that Dealer.
 

		
	5.
	Survival of Provisions

The respective agreements, representations and warranties of the Company and the Dealer Manager set forth in this Agreement shall remain operative and in full force and effect regardless of (a) any investigation made by or on behalf of the Dealer Manager or any Dealer or any person controlling the Dealer Manager or any Dealer or by or on behalf of the Company or any person controlling the Company, and (b) the acceptance of any payment for the Shares.

		
	6.
	Applicable Law; Venue

This Agreement was executed and delivered in, and its validity, interpretation and construction shall be governed by the laws of, the State of Arizona; provided however, that causes of action for violations of federal or state securities laws shall not be governed by this Section. Venue for any action brought hereunder shall lie exclusively in Phoenix, Arizona.
 

		
	7.
	Counterparts

This Agreement may be executed in any number of counterparts. Each counterpart, when executed and delivered, shall be an original contract, but all counterparts, when taken together, shall constitute one and the same Agreement.

		
	8.
	Successors and Amendment

8.1. This Agreement shall inure to the benefit of and be binding upon the Dealer Manager and the Company and their respective successors. Nothing in this Agreement is intended or shall be construed to give to any other person any right, remedy or claim, except as otherwise specifically provided herein. This Agreement shall inure to the benefit of the Dealers to the extent set forth in Sections 1 and 4 hereof.
8.2. This Agreement may be amended only by the written agreement of the Dealer Manager and the Company.
 

		
	9.
	Term

This Agreement may be terminated by either party (i) immediately upon notice to the other party in the event that the other party shall have materially failed to comply with any of the material provisions of this Agreement on its part to be performed during the term of this Agreement or if any of the representations, warranties, covenants or agreements of such party contained herein shall not have been materially complied with or satisfied within the times specified or (ii) by either party on 60 days written notice.
In any case, this Agreement shall expire at the close of business on the effective date that the Offering is terminated. The provisions of Section 4 hereof shall survive such termination. In addition, the Dealer Manager, upon the expiration or termination of this Agreement, shall (i) promptly deposit any and all funds in its possession which were received from investors for the sale of Shares into such account as the Company may designate; and (ii) promptly deliver to the Company all records and documents in its possession which relate to the Offering and are not designated as dealer copies. The Dealer Manager, at its sole expense, may make and retain copies of all such records and documents, but shall keep all such information confidential, except as otherwise required by applicable law. The Dealer Manager shall use its commercially reasonable efforts to cooperate with the Company to accomplish an orderly transfer of management of the Offering to a party 

8

designated by the Company. Upon expiration or termination of this Agreement, the Company shall pay to the Dealer Manager all commissions and fees to which the Dealer Manager is or becomes entitled under Section 3 at such time as such commissions become payable. In such event, participating Dealers shall only be entitled to receive the actual earned commissions to which they are entitled as a reallowance of the commissions received by the Dealer Manager.

		
	10.
	Confirmation

The Company hereby agrees and assumes the duty to confirm on its behalf and on behalf of dealers or brokers who sell the Shares, including the Dealer Manager, all orders for purchase of Shares accepted by the Company. Such confirmations will comply with applicable rules of the SEC and FINRA, and will comply with applicable laws of such other jurisdictions to the extent the Company is advised of such laws in writing by the Dealer Manager.

		
	11.
	Suitability of Investors

The Dealer Manager will offer Shares, and in its agreements with Dealers will require that the Dealers offer Shares, only to persons who meet the financial qualifications set forth in the Prospectus and will only make offers to persons in the states in which it is advised in writing by the Company that the Shares are qualified for sale or that such qualification is not required. In offering Shares, the Dealer Manager will, and in its agreements with Dealers, the Dealer Manager will require that the Dealers will, comply with the provisions of all applicable rules and regulations relating to suitability of investors, including without limitation, the provisions of Article III of the NASAA Guidelines. The Dealer Manager shall determine if a purchaser meets the minimum initial suitability standards: a net worth of at least $250,000 (exclusive of the value of the purchaser’s home, furnishings and automobiles) or an annual gross income of at least $70,000 and a net worth of at least $70,000 (exclusive of the value of the purchaser’s home, furnishings and automobiles), and any applicable state specific suitability standards. In making the determinations as to suitability, the Dealer Manager shall be entitled to rely on the Dealers and/or information provided by the purchasers. In addition, the Dealer Manager shall make every reasonable effort to determine that the purchase of the Shares is a suitable and appropriate investment for each purchaser. The Dealer Manager shall be entitled to rely on representations as to suitability provided by the Dealer based on information provided by such purchaser to the Dealer. In making its suitability determination, the Dealer will consider, based on the information provided by the purchaser, such purchaser’s age, investment objectives, investment experience, income, net worth, financial situation, and other investments held by such purchaser, and whether the purchaser: meets the state specific minimum income and net worth standards set forth in the Suitability Standards section of the Prospectus for purchasers resident in those states; can reasonably benefit from an investment in the Shares based on his overall investment objectives and portfolio structure; is able to bear the economic risk of the investment based on his overall financial situation; and has an apparent understanding of the fundamental risks of an investment in the Shares, the risk that he may lose his entire investment, the lack of liquidity of the Shares, the restrictions on transferability of the Shares, the background and qualifications of the Company’s advisor, and the tax, including ERISA, consequences of an investment in the Shares. With respect to the maintenance of records required by the NASAA Guidelines, the Company agrees that the Dealer Manager can satisfy its obligations by contractually requiring such information to be maintained by the Dealers for at least six (6) years.

		
	12.
	Submission of Subscriptions

12.1. Those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to “Cole Credit Property Trust V, Inc.” or, alternatively, “CCPT V” or, in the event that the purchase is made using a subscription agreement covering the Shares and the shares of one or more other Cole REITs (a “Joint Subscription Agreement”), “Cole REIT.” Checks received by the Dealer Manager or Dealer that conform to the foregoing instructions shall be transmitted for deposit as set forth below. The Dealer Manager may authorize certain Dealers that 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, without any reductions or offset, made payable in the manner described above. Transmittal of received investor funds will be made in accordance with the following procedures:
(a) If 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 to the Dealer Manager and the checks to the Company by the end of the next business day following receipt of the subscription documents and the checks.
(b) If 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 

9

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 Company.

		
	13.
	Notices

Any notice, approval, request, authorization, direction or other communication under this Agreement shall be given in writing and shall be deemed to be delivered when delivered in person or deposited in the United States mail, properly addressed and stamped with the required postage, registered or certified mail, return receipt requested, to the intended recipient as set forth below:

	
			
	If to the Company:
	  
	Cole Credit Property Trust V, Inc.

	 
	  
	2325 East Camelback Road, Suite 1100

	 
	  
	Phoenix, Arizona 85016

	 
	  
	Attention: President

	 
	 
	 

	If to the Dealer Manager:
	  
	Cole Capital Corporation

	 
	  
	2325 East Camelback Road, Suite 1100

	 
	  
	Phoenix, Arizona 85016

	 
	  
	Attention: President

Any party may change its address specified above by giving the other party notice of such change in accordance with this Section 13.
 

		
	14.
	Independent Contractor

The Company hereby acknowledges that the Company’s engagement of the Dealer Manager in connection with the Offering and the process leading up to the Offering is as an independent contractor and not in any other capacity.
 

		
	15.
	Integration

This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company and the Dealer Manager with respect to the subject matter hereof.
 

		
	16.
	Waiver of Jury Trial

The Company and the Dealer Manager hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.
[SIGNATURE PAGE TO FOLLOW]

10

If the foregoing correctly sets forth our understanding, please indicate your acceptance thereof in the space provided below for that purpose, whereupon this letter and your acceptance shall constitute a binding agreement between us as of the date first above written.
 
	
				
	 
	Very truly yours,

	 
	 

	 
	COLE CREDIT PROPERTY TRUST V, INC.

	 
	 
	 
	 

	 
	By:
	 
	/s/ Nathan D. DeBacker

	 
	Name:
	 
	Nathan D. DeBacker

	 
	Title:
	 
	Chief Financial Officer and Treasurer

 
	
				
	Accepted and agreed as of the date first above written.
	 

	 
	 

	COLE CAPITAL CORPORATION
	 

	 
	 
	 

	By:
	 
	/s/ William C. Miller
	 

	Name:
	 
	William C. Miller
	 

	Title:
	 
	President
	 

11

Exhibit A
COLE CREDIT PROPERTY TRUST V, INC.
Up to $1,500,000,000 in Shares of Class A Common Stock and Class T Common Stock
FORM OF
SELECTED DEALER AGREEMENT
Ladies and Gentlemen:
Cole Capital Corporation, as the dealer manager (“Dealer Manager”) for Cole Credit Property Trust V, Inc. (the “Company”), a Maryland corporation, invites you (the “Dealer”) to participate in the distribution of shares of Class A common stock, $0.01 par value per share (“Class A Shares”), and Class T common stock, $0.01 par value per share (“Class T Shares”) (the Class A Shares and Class T Shares, collectively, the “Shares”), subject to the following terms:

I. Dealer Manager Agreement
The Dealer Manager has entered into that certain Second Amended and Restated Dealer Manager Agreement with the Company dated August 1, 2017, in the form attached hereto as Exhibit A (the “Dealer Manager Agreement”). The terms of the Dealer Manager Agreement relating to the Dealer are incorporated herein by reference as if set forth verbatim and except as otherwise specifically stated herein, all terms used in this Agreement have the meanings provided in the Dealer Manager Agreement. By your acceptance of this Agreement, you will become one of the Dealers referred to in the Dealer Manager Agreement and will be entitled and subject to the terms and conditions of the Dealer Manager Agreement, including but not limited to the indemnification provisions contained in Sections 4.2 and 4.4 of the Dealer Manager Agreement. The Shares are offered solely through broker-dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”).
The Dealer hereby agrees to use its best efforts to sell the Shares for cash on the terms and conditions stated in the Prospectus. Nothing in this Agreement shall be deemed or construed to make the Dealer an employee, agent, representative or partner of the Dealer Manager or of the Company, and the Dealer is not authorized to act for the Dealer Manager or the Company or to make any representations on their behalf except as set forth in the Prospectus and such other printed information furnished to the Dealer by the Dealer Manager or the Company to supplement the Prospectus (“supplemental information”).

II. Submission of Orders
Those persons who purchase Shares shall make their checks payable to “Cole Credit Property Trust V, Inc.” or, alternatively, “CCPT V” or, in the event that the purchase is made using a Joint Subscription Agreement, “Cole 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 Company 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 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 checks. 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 checks, 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 Company.

A-1

III. Pricing
Except for discounts described in or as otherwise provided in the “Plan of Distribution” section of the Prospectus, up to $1,500,000,000 in Shares shall be offered to the public, consisting of (a) up to $660,000,000 in Class A Shares in the primary offering at a price of $26.37 per share (subject in certain circumstances to discounts based upon the volume of shares purchased and for certain categories of purchasers), (b) up to $540,000,000 in Class T Shares in the primary offering at a price of $25.26 per share (subject in certain circumstances to discounts based upon the volume of shares purchased and for certain categories of purchasers), (c) up to $165,000,000 in Class A Shares pursuant to the Company’s distribution reinvestment plan at a purchase price of $24.00 per share and (d) up to $135,000,000 in Class T Shares pursuant to the Company’s distribution reinvestment plan at a purchase price of $24.00 per share, all upon the other terms and subject to the conditions set forth in the Prospectus. The aforementioned per share prices at which the Shares are being offered pursuant to the Offering are based on the estimated per share net asset value (“NAV”) of the Company as determined by the Company’s board of directors as of December 31, 2016, plus, in the case of the primary offering, applicable commissions and fees. Subsequent estimates of the Company’s NAV will be made by the Company’s board of directors at least annually. Upon any subsequent estimate of the Company’s NAV, the per share price for Shares in the Company’s primary offering and the Company’s distribution reinvestment plan will be equal to the most recent NAV as determined by the Company’s board of directors divided by the number of Shares outstanding as of the date of the most recent NAV determination, plus, in the case of the primary offering, applicable commissions and fees. The Company reserves the right to reallocate the Shares included in the Offering among the classes of Shares and between those offered to the public and those offered pursuant to the distribution reinvestment plan. Except as otherwise indicated in the Prospectus or in any letter or memorandum sent to the Dealer by the Company or Dealer Manager, a minimum initial purchase of $2,500 is required. Except as otherwise indicated in the Prospectus, additional investments may be made in cash in minimal increments of at least $1,000. The Shares are nonassessable. The Dealer hereby agrees to place any order for the full purchase price.

IV. Dealers’ Commissions
Except for discounts described in or as otherwise provided in the “Plan of Distribution” section of the Prospectus, the Dealer’s selling commission applicable to the total public offering price of Shares sold by the Dealer which it is authorized to sell hereunder is 7.0% of the gross proceeds of the Class A Shares sold by it and accepted and confirmed by the Company and 3.0% of the gross proceeds of the Class T Shares sold by it and accepted and confirmed by the Company, which commission will be paid by the Dealer Manager; provided, however, that no selling commissions shall be paid with respect to sales of Shares issued and sold pursuant to the Company’s distribution reinvestment plan. In addition, the Dealer shall provide ongoing services to holders of Class T Shares in accordance with the Dealer’s internal policies and procedures, which ongoing services may include, but are not limited to, (a) offering to meet with the holder of the Class T Share no less than annually to provide overall guidance on the stockholder’s investment in the Company, including discussing the mechanics of the Company’s distribution reinvestment plan, the Company’s share redemption program or a tender offer, or to answer questions about their customer account statement or valuations, and (b) discussing with the holder of the Class T Share, upon such stockholder’s request, any questions related to the stockholder’s investment in the Company. As compensation for such ongoing services to holders of Class T Shares, the Dealer will be paid a monthly distribution and stockholder servicing fee that will be calculated on a daily basis in an amount equal to 1/365th of 1.0% of the amount of the Company’s per share NAV of Class T Shares sold, excluding Class T Shares sold pursuant to the distribution reinvestment plan. The Dealer shall not receive any distribution and stockholder servicing fee with respect to Class A Shares, although the Dealer may, in its sole discretion, provide ongoing services to holders of Class A Shares similar to those services provided to holders of Class T Shares. The Dealer will no longer be entitled to the distribution and stockholder servicing fee with respect to Class T Shares sold in the Offering at the earliest of (i) the end of the month in which the transfer agent, on behalf of the Company, determines that total distribution and stockholder servicing fees paid by a stockholder within his or her individual account would be equal to 4.0% of the stockholder’s total gross investment amount at the time of the purchase of the primary Class T Shares held in such account, or a lower limit agreed upon between the Dealer Manager and the Dealer at the time such Class T shares were sold; (ii) the date on which the aggregate underwriting compensation from all sources equals 10.0% of the gross proceeds from the sale of Shares, excluding Shares sold pursuant to the distribution reinvestment plan; (iii) the fourth anniversary of the last day of the month in which the Offering (excluding the offering of shares pursuant to the Company’s distribution reinvestment plan offering) terminates; (iv) the date such Class T Share is no longer outstanding; and (v) the date the Company effects a liquidity event. The distribution and stockholder servicing fee relates to the share or shares sold. The Dealer will not receive a distribution and stockholder servicing fee if such Dealer has not executed a Selected Dealer Agreement with the Dealer Manager or if such Dealer’s previously executed Selected Dealer Agreement with the Dealer Manager is terminated pursuant to the provisions of Article XI of this Selected Dealer Agreement; and provided further, that with respect to any individual investment, the Dealer will not receive a distribution and stockholder servicing fee if such Dealer ceases to hold the account related to such investment. For these purposes, a “sale of Shares” shall occur if, and only if, a transaction has closed with a securities purchaser pursuant to all applicable offering and subscription documents, and the Company has thereafter distributed the commission to 

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the Dealer Manager in connection with such transaction. The Dealer hereby waives any and all rights to receive payment of commissions due until such time as the Dealer Manager is in receipt of the commission from the Company. In addition, as set forth in the Prospectus, the Dealer Manager may, in its sole discretion, reallow out of its dealer manager fee a marketing fee and its due diligence expense reimbursement portion of the dealer manager fee, based on such factors as the number of Shares sold by such participating Dealer, the assistance of such Dealer in marketing the offering of Shares, and bona fide conference fees incurred.
The parties hereby agree that the foregoing commission is not in excess of the usual and customary distributors’ or sellers’ commission received in the sale of securities similar to the Shares, that the Company is not liable or responsible for the direct payment of such commission to the Dealer, and that Dealer’s interest in the offering is limited to such commission from the Dealer Manager and to the Dealer’s indemnity rights referred to in Section 4 of the Dealer Manager Agreement.
The Dealer acknowledges that the Company may reimburse its advisor for underwriting expenses not covered by the selling commissions, dealer manager fee and distribution and stockholder servicing fee set forth in Section 3.3 of the Dealer Manager Agreement, but only to the extent that the total of such reimbursements for underwriting expenses and the selling commissions, dealer manager fee and distribution and stockholder servicing fee set forth in Section 3.3 of the Dealer Manager Agreement is no more than 10.0% of the gross offering proceeds of the Shares sold in the Offering, excluding proceeds from the distribution reinvestment plan. In no event will total underwriting compensation exceed 10.0% of the gross proceeds of the Shares sold in the Offering, excluding proceeds from the distribution reinvestment plan.
The Dealer acknowledges that the Dealer Manager intends to pay transaction-based compensation to the Dealer Manager’s wholesalers in connection with sales of Shares, and that such transaction-based compensation may, and likely will, be different from the amount of transaction-based compensation the Dealer Manager will pay its wholesalers in connection with sales of securities offered by other real estate investment programs sponsored by Cole Capital. Such compensation may provide a disproportionate incentive for the Dealer Manager’s wholesalers to recommend that the Dealer distribute the Shares in addition to or in lieu of securities offered by other real estate investment programs sponsored by Cole Capital, or to recommend that the Dealer distribute securities offered by other real estate investment programs sponsored by Cole Capital in addition to or in lieu of the Shares.

V. Payment
Payments of selling commissions will be made by the Dealer Manager (or by the Company as agent of the Dealer Manager as provided in the Dealer Manager Agreement) to the Dealer within 30 days of the receipt by the Dealer Manager of the gross commission payments from the Company. The Dealer acknowledges that if the Company pays selling commissions to the Dealer Manager, the Company has satisfied its obligation for paying selling commissions. The Company may rely on and use the preceding acknowledgement as a defense against any claim by the Dealer for selling commissions that the Company pays to Dealer Manager but that Dealer Manager fails to remit to the Dealer. If, for any reason, a purchase is cancelled, the Dealer shall promptly return to the Company any selling commission and distribution and stockholder servicing fees it has received with respect to such purchase.

VI. Right to Reject Orders or Cancel Sales
All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement/Signature Page and the required check in payment for the Shares may be rejected. If any check is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Shares within 15 days of sale, the Company reserves the right to cancel the sale without notice. In the event an order is rejected or cancelled for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

VII. Prospectus and Supplemental Information
The Dealer is not authorized or permitted to give and will not give, any information or make any representation concerning the Shares except as set forth in the Prospectus and any supplemental information provided by the Company or Dealer Manager. The Dealer Manager will supply the Dealer with reasonable quantities of the Prospectus, any amendments or supplements thereto, as well as any supplemental information, for delivery to investors, and the Dealer will deliver a copy of the Prospectus and all supplements and amendments thereto to each investor to whom an offer is made prior to or simultaneously with the first solicitation of an offer to sell the Shares to an investor. The Dealer agrees that it will not send or give any supplemental information to an investor unless it has previously sent or given a Prospectus to that investor or has 

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simultaneously sent or given a Prospectus with such supplemental information. The Dealer agrees that it will not show or give to any investor or prospective investor or reproduce any material or writing which is supplied to it by the Dealer Manager and marked “broker-dealer only,” or otherwise bearing a legend denoting that it is not to be used in connection with the sale of Shares to any prospective investor. The Dealer agrees that it will not use in connection with the offer or sale of Shares any material or writing which relates to another company supplied to it by the Company or the Dealer Manager bearing a legend which states that such material may not be used in connection with the offer or sale of any securities other than the company to which it relates. The Dealer further agrees that it will not use in connection with the offer or sale of Shares any materials or writings which have not been previously approved by the Dealer Manager. Each Dealer agrees, if the Dealer Manager so requests, to furnish a copy of any revised preliminary Prospectus to each person to whom it has furnished a copy of any previous preliminary Prospectus, and further agrees that it will itself mail or otherwise deliver all preliminary and final Prospectuses required for compliance with the provisions of Rule 15c2-8 under the Exchange Act. Regardless of the termination of this Agreement, the Dealer will deliver a Prospectus in transactions in the Shares for a period of 90 days from the effective date of the Registration Statement or such longer period as may be required by the Exchange Act or the rules and regulations thereunder. On becoming a Dealer, and in offering and selling Shares, the Dealer agrees to comply with all the applicable requirements under the Securities Act and the Exchange Act.

VIII. License and Association Membership
The Dealer’s acceptance of this Agreement constitutes a representation to the Company and the Dealer Manager that the Dealer is (1) a properly registered broker-dealer under the Exchange Act and any applicable state securities laws, or a broker-dealer exempt from such registration, and (2) is a member in good standing of FINRA and each other securities self-regulatory organization of which it is a member. This Agreement shall automatically terminate if the Dealer ceases to be a member in good standing of FINRA or such other self-regulatory organization. The Dealer agrees to notify the Dealer Manager immediately if the Dealer ceases to be a member in good standing of FINRA or any other such self-regulatory organization. The Dealer Manager also hereby agrees to comply with the Conduct Rules of FINRA, including but not limited to Rules 2730, 2740, 2420 and 2750.

IX. Anti-Money Laundering Compliance Programs
The Dealer represents to the Company and the Dealer Manager that the Dealer has established and implemented anti-money laundering compliance programs in accordance with applicable law, including applicable FINRA rules, SEC rules and the USA PATRIOT Act of 2001, reasonably designed to detect and cause the reporting of suspicious transactions in connection with the sale of Shares.

X. Limitation of Offer
The Dealer will offer Shares only to persons who meet the financial qualifications set forth in the Prospectus and will only make offers to persons in the states in which it is advised in writing by the Company or the Dealer Manager that the Shares are qualified for sale or that such qualification is not required. In offering Shares, the Dealer will comply with all applicable provisions of the FINRA Rules including those rules relating to suitability of recommendations, as well as all other applicable rules and regulations relating to suitability of investors, including without limitation, the provisions of Article III.C. of the Statement of Policy Regarding Real Estate Investment Trusts of the North American Securities Administrators Association, Inc.
In accordance with Section 11 of the Dealer Manager Agreement, the Dealer Manager shall be responsible for determining if a purchaser meets the following initial suitability standards: a net worth of at least $250,000 (exclusive of the value of the purchaser’s home, furnishings and automobiles) or an annual gross income of at least $70,000 and a net worth of at least $70,000 (exclusive of the value of the purchaser’s home, furnishings and automobiles), and any applicable state specific suitability standards set forth in the Prospectus. In making this determination, the Dealer Manager shall be entitled to rely on the Dealer and/or information provided by the purchasers. The Dealer shall make every reasonable effort to determine that the purchase of the Shares is a suitable and appropriate investment for each purchaser based on information provided by such purchaser to the Dealer including such purchaser’s age, investment objectives, investment experience, income, net worth, financial situation, and other investments held by such purchaser. In making its determination, the Dealer will consider, based on the information provided by the purchaser whether the purchaser: meets the state specific minimum income and net worth standards set forth in the Suitability Standards section of the Prospectus for purchasers resident in those states; can reasonably benefit from an investment in the Shares based on his overall investment objectives and portfolio structure; is able to bear the economic risk of the investment based on his overall financial situation; and has an apparent understanding of the fundamental risks of an investment in the Shares, the risk that he may lose his entire investment, the lack of liquidity of the Shares, the restrictions on transferability of the Shares, the background and qualifications of the Company’s advisor, and the tax, including 

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ERISA, consequences of an investment in the Shares. The Dealer agrees to maintain records for at least six (6) years of the information used to determine that an investment in the Shares is suitable and appropriate for each such purchaser.

XI. Termination
The Dealer will suspend or terminate its offer and sale of Shares upon the request of the Company or the Dealer Manager at any time and will resume its offer and sale of Shares hereunder upon subsequent request of the Company or the Dealer Manager. Any party may terminate this Agreement by written notice. Such termination shall be effective 48 hours after the mailing of such notice. This Agreement, including the terms of the Dealer Manager Agreement relating to the Dealer incorporated by reference in this Agreement, is the entire agreement of the parties and supersedes all prior agreements, if any, between the parties hereto relating to the subject matter hereof.
This Agreement may be amended at any time by the Dealer Manager by written notice to the Dealer, and any such amendment shall be deemed accepted by the Dealer upon placing an order for sale of Shares after such Dealer has received such notice.

XII. Privacy Laws
The Dealer Manager and the Dealer (each referred to individually in this section as “party”) agree as follows:
 
		
	(a)
	Each party agrees to abide by and comply with (i) the privacy standards and requirements of the Gramm-Leach-Bliley Act of 1999 (“GLB Act”), (ii) the privacy standards and requirements of any other applicable Federal or state law, and (iii) its own internal privacy policies and procedures, each as may be amended from time to time;

		
	(b)
	Each party agrees to refrain from the use or disclosure of nonpublic personal information (as defined under the GLB Act) of all customers who have opted out of such disclosures except as necessary to service the customers or as otherwise necessary or required by applicable law; and

		
	(c)
	Each party shall be responsible for determining which customers have opted out of the disclosure of nonpublic personal information by periodically reviewing and, if necessary, retrieving a list of such customers (the “List”) as provided by each to identify customers that have exercised their opt-out rights. In the event either party uses or discloses nonpublic personal information of any customer for purposes other than servicing the customer, or as otherwise required by applicable law, that party will consult the List to determine whether the affected customer has exercised his or her opt-out rights. Each party understands that each is prohibited from using or disclosing any nonpublic personal information of any customer that is identified on the List as having opted out of such disclosures.

XIII. Notice
All notices will be in writing and will be duly given to the Dealer Manager when sent via overnight express delivery service to 2325 East Camelback Road, Suite 1100, Phoenix, Arizona 85016, and to the Dealer when sent via overnight express delivery service to the address specified by the Dealer herein.

XIV. Arbitration, Attorneys’ Fees, Applicable Law and Venue
In the event of a dispute between the Parties arising out of or related to this Agreement, such dispute shall be submitted to arbitration before FINRA in Phoenix, Arizona, in accordance with FINRA industry arbitration rules. Any award shall be final and binding between the Parties and judgment thereon may be entered in any court of competent jurisdiction.
In any action to enforce the provisions of this Agreement or to secure damages for its breach, the prevailing party shall recover its costs and reasonable attorney’s fees. This Agreement shall be construed under the laws of the State of Arizona and shall take effect when signed by the Dealer and countersigned by the Dealer Manager. Venue for any action (including arbitration) brought hereunder shall lie exclusively in Phoenix, Arizona.
[SIGNATURE PAGE TO FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on its behalf by its duly authorized agent.

	
				
	 
	THE DEALER MANAGER:

	 
	 

	 
	COLE CAPITAL CORPORATION

	 
	 
	 

	 
	By:
	 
	 

	 
	Name:
	 
	 

	 
	Title:
	 
	 

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EXHIBIT A
Dealer Manager Agreement
Attached on CD-Rom in Due Diligence package.

We have read the foregoing Agreement and we hereby accept and agree to the terms and conditions therein set forth. We hereby represent that the list below of jurisdictions in which we are registered or licensed as a broker or dealer and are fully authorized to sell securities is true and correct, and we agree to advise you of any change in such list during the term of this Agreement.
 
		
	1.
	Identity of Dealer:

	
				
	Company Name:
	 
	 
	 

	 
	 
	 

	Type of entity:
	 
	 
	 

	 
	 
	(Corporation, Partnership, Proprietorship, Etc.)

	 
	 
	 
	 

	Organized in the State of:
	 
	 
	 

Licensed as broker-dealer in the following jurisdictions:
	
															
	 
	 ̈
	All
	 
	 ̈
	Georgia
	 
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	Massachusetts
	 
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	New York
	 
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	Tennessee

	 
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	Alabama
	 
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	Hawaii
	 
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	Michigan
	 
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	North Carolina
	 
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	Texas

	 
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	Alaska
	 
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	Idaho
	 
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	Minnesota
	 
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	North Dakota
	 
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	US Virgin Islands

	 
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	Arizona
	 
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	Illinois
	 
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	Mississippi
	 
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	Ohio
	 
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	Utah

	 
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	Arkansas
	 
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	Indiana
	 
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	Missouri
	 
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	Oklahoma
	 
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	Vermont

	 
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	California
	 
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	Iowa
	 
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	Montana
	 
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	Oregon
	 
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	Virginia

	 
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	Colorado
	 
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	Kansas
	 
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	Nebraska
	 
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	Puerto Rico
	 
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	Washington

	 
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	Connecticut
	 
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	Kentucky
	 
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	Nevada
	 
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	Pennsylvania
	 
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	West Virginia

	 
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	Delaware
	 
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	Louisiana
	 
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	New Hampshire
	 
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	Rhode Island
	 
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	Wisconsin

	 
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	District of Columbia
	 
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	Maine
	 
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	New Jersey
	 
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	South Carolina
	 
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	Wyoming

	 
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	Florida
	 
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	Maryland
	 
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	New Mexico
	 
	 ̈
	South Dakota
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Tax I.D. #:
	 

 
		
	 2.
	Person to receive notice pursuant to Section XIII:

	
				
	Name:
	 
	 

	 
	 
	 
	 

	Company:
	 
	 

	 
	 
	 
	 

	Address:
	 
	 

	 
	 
	 
	 

	Telephone No.:
	 
	 

	 
	 
	 
	 

	Facsimile No.:
	 
	 

	 
	 
	 
	 

	Email Address:
	 
	 

	 

	AGREED TO AND ACCEPTED BY THE DEALER:

	 
	 
	 
	 

	Company Name:
	 
	 

	 
	 
	 
	 

	Signature:
	 
	 

	 
	 
	 
	 

	Print Name:
	 
	 

	 
	 
	 
	 

	Title:
	 
	 

	 
	 
	 
	 

	Date:

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