Document:

EX-4.3

 Exhibit 4.3 

FORM OF ESCROW AGREEMENT 

THIS ESCROW AGREEMENT (this “Escrow Agreement”), dated as of
[            ], 2015, is entered into by and among MVP REIT II, INC., a Maryland corporation (the “Company”),
[                    ], a [            ] limited liability company, as selling agent for
the Company (the “Selling Agent”), and UMB Bank, N.A., as escrow agent (the “Escrow Agent”). 

WHEREAS, the Company is registering for sale to the public (the “Offering”) a maximum of $550,000,000 in shares of its
common stock, $0.0001 par value per share (the “Shares”); 
 WHEREAS, this Escrow Agreement shall be effective on
the date on which the Securities and Exchange Commission declares effective the Company’s Registration Statement on Form S-11 relating to the Offering; 

WHEREAS, the Selling Agent has been engaged by the Company to offer and sell the Shares on a “best-efforts” basis in the
Offering; 
 WHEREAS, the Company and the Selling Agent desire to establish an escrow account (the “Escrow Account”)
as further described herein and to deposit funds contributed by subscribers subscribing to purchase Shares (“Subscribers”) with the Escrow Agent in the Escrow Account, to be held for the benefit of the Subscribers and the Company
until such time as subscriptions for the Minimum Amount (as defined below) have been deposited into escrow in accordance with the terms of this Escrow Agreement;  

WHEREAS, the Company has engaged DST Systems, Inc., a Delaware corporation (the “Transfer Agent”), to act as
“transfer agent” as defined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); 

WHEREAS, the Escrow Agent has agreed to receive and hold in escrow all funds received from Subscribers in payment for the Shares
(“Subscriber Funds”) until the earlier of (i) such time as subscriptions for the minimum offering amount of $2,000,000 (including Shares purchased by the Company’s sponsor, its affiliates and the Company’s officers
and directors) (the “Minimum Amount”) have been received and accepted by the Company or (ii) the close of business on the date exactly one year from the date of the commencement of the Offering (the “Expiration
Date”) (the Company shall provide written notice of such Expiration Date to the Escrow Agent), and to hold and distribute such Subscriber Funds in accordance with the terms and conditions herein set forth; and 

WHEREAS, the Escrow Agent is willing to accept appointment as escrow agent upon the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt of which is
hereby acknowledged, the parties hereto agree as follows: 
 1. Escrow of Subscriber Funds. 

(a) On or before the commencement of the Offering, the Company shall establish the Escrow Account with the Escrow Agent, which shall be
entitled “UMB Bank, N.A., as Escrow Agent for MVP REIT II.” During the term of this Escrow Agreement, all Subscriber Funds will be delivered to the Escrow Agent within one (1) business day following: (i) the receipt of the
Subscriber Funds by the Company or the Selling Agent and (ii) such subscription being accepted by the Company. Upon receipt of good and collected Subscriber Funds by the Escrow Agent, all such Subscriber Funds shall be retained in the Escrow

 
Account by the Escrow Agent and invested as stated below. During the term of this Escrow Agreement, the Company and the Selling Agent shall cause all checks received by and made payable to each
of them in payment for the Shares to be endorsed in favor of the Escrow Agent and delivered to the Escrow Agent for deposit in the Escrow Account. Subscriber Funds also may be wired directly to the Escrow Account using wire instructions provided by
the Escrow Agent. 
 (b) Escrow Agent shall have no duty to make any disbursement, investment or other use of Subscriber Funds until and
unless it has good and collected funds. In the event that any checks deposited in the Escrow Account are returned or prove uncollectible after the funds represented thereby have been released by the Escrow Agent, then the Company shall promptly
reimburse the Escrow Agent for any and all costs incurred for such, upon request, and the Escrow Agent shall deliver the returned checks to the Company. The Escrow Agent shall be under no duty or responsibility to enforce collection of any check
delivered to it hereunder. The Escrow Agent reserves the right to deny, suspend or terminate participation by a Subscriber to the extent the Escrow Agent deems it advisable or necessary to comply with applicable laws. 

2. Operation of the Escrow. 
 (a) Until
such time as the Company has received gross subscription proceeds equal to the Minimum Amount and the Subscriber Funds are disbursed from the Escrow Account in accordance with Section 2(b) hereof, Subscribers will be instructed to make checks,
drafts, wires, Automated Clearing House (ACH) or money orders (“Instruments of Payment”) for subscriptions payable to the order of “UMB Bank, N.A., as Escrow Agent for MVP REIT II, Inc.” Completed subscription agreements
and Instruments of Payment for the purchase price shall be remitted to the address designated for the receipt of such agreements and Instruments of Payment. Any Instruments of Payment made payable to a party other than the Escrow Agent shall be
returned to the Selling Agent who submitted such Instrument of Payment. When a Selling Agent’s internal supervisory procedures are conducted at the site at which the Instruments of Payment and the Subscription Materials (as defined below) are
initially received by such Selling Agent, by the end of the next business day after receipt of any Instruments of Payment and Subscription Materials, such Selling Agent will send to the Escrow Agent such Instruments of Payment along with each
Subscriber’s name, address, executed IRS Form W-9, number of Shares purchased and purchase price remitted and any other subscription documentation (the “Subscription Materials”). When the Selling Agent’s internal
supervisory procedures are conducted at a different location (the “Final Review Office”), the Selling Agent shall transmit the Instruments of Payment and the Subscription Materials to the Final Review Office by the end of the next
business day after receipt of any Instruments of Payment and Subscription Materials, and then the Final Review Office will, by the end of the next business day following its receipt of the Instruments of Payment and the Subscription Materials,
forward the Instruments of Payment and the Subscription Materials to the Escrow Agent. To the extent that subscription agreements and payments are remitted by the Transfer Agent, the Company or the Selling Agent, the Transfer Agent, the Company or
the Selling Agent, as applicable, will furnish to the Escrow Agent a list detailing information regarding such subscriptions as set forth in Exhibit A. The Transfer Agent will promptly deliver all monies received in good order from
subscribers (or from the Company or the Selling Agent transmitting monies and subscriptions from subscribers) for the payment of Shares to the Escrow Agent for deposit in the Escrow Account. Deposits shall be held in the Escrow Account until such
funds are disbursed in accordance with this Section 2. Prior to disbursement of the funds deposited in the Escrow Account, such funds shall not be subject to claims by creditors of the Company or any of its affiliates. If any of the Instruments
of Payment are returned to the Escrow Agent for nonpayment prior to the satisfaction of the Minimum Amount, the Escrow Agent shall promptly notify the Transfer Agent and the Company in writing via mail, email or facsimile of such nonpayment, and the
Escrow Agent is authorized to debit the Escrow Account, as applicable, in the amount of such returned payment as well as any interest earned on the amount of such payment and the Transfer Agent shall delete the appropriate

  
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account from the records maintained by the Transfer Agent. The Transfer Agent will maintain a written account of each sale, which account shall set forth, among other things, the following
information: (i) the subscriber’s name and address, (ii) the number of Shares purchased by such subscriber, and (iii) the amount paid by such subscriber for such Shares. Prior to the termination of this Escrow Agreement, neither
the Company nor the Selling Agent will be entitled to any funds received into the Escrow Account. 
 (b) If at any time on or prior
to the Expiration Date, the subscription proceeds received by the Escrow Agent are equal to or greater than the Minimum Amount, the Escrow Agent shall promptly notify the Company and the Selling Agent. After the Escrow Agent delivers such notice,
the Company shall deliver to the Escrow Agent a written instruction from an officer of the Company stating that the Minimum Amount has been timely raised and authorizing the delivery of all subscription funds in the Escrow Account to the Company.
Thereafter, the Escrow Agent shall (i) disburse to the Company, by check or wire transfer, the funds in the Escrow Account representing the principal amount of the gross subscription payments from Subscribers received by the Escrow Agent, and
(ii) within 10 business days after the first business day of the succeeding month, disburse to such Subscribers any interest accrued thereon; provided, however, that the Escrow Agent shall not disburse those funds of a Subscriber
whose subscription has been rejected or rescinded of which the Escrow Agent has been notified by the Company, or otherwise in accordance with the Company’s written request.  

(c) After the satisfaction of the provisions of this Section 2 with respect to the disbursement of funds, in the event that the
Company receives subscriptions made payable to the Escrow Agent, subscription proceeds may continue to be received in the Escrow Account, but to the extent that the process shall not be subject to escrow due to the Company reaching the Minimum
Amount, the proceeds shall not be subject to this Escrow Agreement, and at the instruction of the Company to the Escrow Agent, shall be transferred from the Escrow Account or deposited into, as the case may be, a commercial deposit account in the
name of the Company with the Escrow Agent (the “Deposit Account”) that has been previously established by the Company, unless otherwise directed by the Company. No provisions of this Escrow Agreement shall apply to the Deposit
Account. 
 (d) If, as of the Expiration Date, the funds in the Escrow Account do not equal or exceed the Minimum Amount, the Escrow
Agent shall promptly notify the Company. Within 10 days following the Company’s receipt of such notice, the Escrow Agent shall promptly return directly to each Subscriber (i) by check or wire transfer, the subscription funds deposited in
the Escrow Account on behalf of such Subscriber (unless earlier disbursed in accordance with this Escrow Agreement), or (ii) the Instruments of Payment delivered to the Escrow Agent with respect to such Subscriber’s subscription if such
Instrument of Payment has not been processed for collection prior to such time, in either case, together with any interest income thereon. Notwithstanding the above, in the event the Escrow Agent has not received an executed IRS Form W-9 at such
time for each Subscriber, the Escrow Agent shall remit an amount to the Subscribers in accordance with the provisions hereof, withholding the applicable percentage for backup withholding required by the Internal Revenue Code of 1986, as amended (the
“Internal Revenue Code”), from any interest income on subscription proceeds attributable to each Subscriber for whom the Escrow Agent does not possess an executed IRS Form W-9. However, the Escrow Agent shall not be required to
remit any payments until the Escrow Agent has collected funds represented by such payments. 
 3. Identity of Subscribers. 

The Company or the Selling Agent shall furnish to the Escrow Agent with each delivery of an Instrument of Payment, a list of the Subscribers
who have paid for the Shares showing the name, address, tax identification number, amount of Shares subscribed for and the amount paid and deposited with the Escrow Agent. This information comprising the identity of Subscribers shall be provided to
the Escrow 

  
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Agent in the format set forth on Exhibit A to this Escrow Agreement (the “List of Subscribers”). All Subscriber’s funds so deposited shall not be subject to any liens
or charges by the Company, the Selling Agent or the Escrow Agent, or judgments or creditors’ claims against the Company, until released to the Company as provided herein. The Company understands and agrees that the Company shall not be entitled
to any Subscriber’s funds on deposit in the Escrow Account and no such funds shall become the property of the Company except when released to the Company pursuant to this Escrow Agreement. The Company, the Selling Agent and the Escrow Agent
will treat all Subscriber information as confidential. The Escrow Agent shall not be required to accept any funds from Subscribers that are not accompanied by the information on the List of Subscribers. 

4. Rejected Subscriptions. 
 In the event
the Escrow Agent receives written notice from the Company or the Selling Agent that the Company or Selling Agent has rejected a Subscriber’s subscription, the Escrow Agent shall pay to the applicable Subscriber, within 10 business days after
receiving notice of the rejection, by first class United States mail at the address appearing on the List of Subscribers or at such other address or fed wire instructions as are furnished to the Escrow Agent by the Subscriber in writing, all
collected sums paid by the Subscriber for Shares and received by the Escrow Agent, together with any interest earned thereon. 
 5. Term of Escrow.

 Unless otherwise provided in this Escrow Agreement, final termination of this Escrow Agreement shall occur on the date that
(a) all funds held in the Escrow Account are distributed either to the Company or to Subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account, (b) all funds held in the Escrow Account are distributed
to a successor escrow agent upon written instructions from the Company, or (c) the Escrow Agent receives written notice from the Company or the Selling Agent that the Company terminated the Offering. After the termination of this Escrow
Agreement, the Company and the Selling Agent shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Subscribers. 

6. Duty and Limitation on Liability of the Escrow Agent. 

(a) The Escrow Agent’s rights and responsibilities shall be governed solely by this Escrow Agreement. Neither the Offering documents, nor
any other agreement or document shall govern the Escrow Agent even if such other agreement or document is referred to herein, is deposited with, or is otherwise known to, the Escrow Agent. 

(b) The Escrow Agent shall be under no duty to determine whether the Company or the Selling Agent is complying with the requirements of the
Offering or applicable securities or other laws in tendering the Subscriber Funds to the Escrow Agent. The Escrow Agent shall not be responsible for, or be required to enforce, any of the terms or conditions of any Offering document or other
agreement between the Company or the Selling Agent and any other party. 
 (c) The Escrow Agent may conclusively rely upon and shall be
fully protected in acting upon any statement, certificate, notice, request, consent, order, opinion or advice of counsel or other document believed by it to be genuine and to have been signed or presented by the Company or the Selling Agent. The
Escrow Agent shall have no duty or liability to verify any such statement, certificate, notice, request, consent, order or other document. Upon or before the execution of this Escrow Agreement, the Company and the Selling Agent shall deliver to the
Escrow Agent authorized signers’ lists in the form of Exhibit B to this Escrow Agreement. The Escrow Agent shall not be bound by any notice of demand, or any waiver, modification, termination or rescission of this Escrow Agreement
or any of the terms hereof, 

  
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unless evidenced by a writing delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights of the Escrow Agent are affected, unless it shall give its prior
written consent thereto. The Escrow Agent shall not be responsible, may conclusively rely upon and shall be protected, indemnified and held harmless by the Company and by the Selling Agent, acting jointly and severally, for the sufficiency or
accuracy of the form of, or the execution, validity, value or genuineness of any document or property received, held or delivered by it hereunder, or of the signature or endorsement thereon, or for any description therein; nor shall the Escrow Agent
be responsible or liable in any respect on account of the identity, authority or rights of the persons executing or delivering or purporting to execute or deliver any document, property or this Escrow Agreement. 

(d) The Escrow Agent shall be under no obligation to institute and/or defend any action, suit or proceeding in connection with this Escrow
Agreement unless first indemnified to its reasonable satisfaction. 
 (e) The Escrow Agent may consult outside counsel of its own choice
with respect to any question arising under this Escrow Agreement and the Escrow Agent shall not be liable for any action taken or omitted in good faith upon the advice of such counsel. 

(f) The Escrow Agent shall not be liable for any action taken or omitted by it except to the extent that a court of competent jurisdiction
determines that the Escrow Agent’s gross negligence or willful misconduct was the primary cause of loss. 
 (g) The Escrow Agent is
acting solely as escrow agent hereunder and owes no duties, covenants or obligations, fiduciary or otherwise, to any person by reason of this Escrow Agreement, except as otherwise explicitly set forth in this Escrow Agreement, and no implied duties,
covenants or obligations, fiduciary or otherwise shall be read into this Escrow Agreement against the Escrow Agent. The Escrow Agent shall have no duty to enforce any obligation of any person, other than as provided herein. The Escrow Agent shall be
under no liability to anyone by reason of any failure on the part of any party hereto or any maker, endorser or other signatory of any document or any other person to perform such person’s obligations under any such document. Except as set
forth in (f) above, the Escrow Agent shall not be liable for any action taken or omitted by it, or any action suffered by it to be taken or omitted in good faith and in the exercise of its own best judgment. 

(h) In the event of any disagreement between any of the parties to this Escrow Agreement, or between any of them and any other person,
including any Subscriber, resulting in adverse or conflicting claims or demands being made in connection with the matters covered by this Escrow Agreement, or in the event that the Escrow Agent is in doubt as to what action it should take hereunder,
the Escrow Agent may, at its option, refuse to comply with any claims or demands on it, or refuse to take any other action hereunder, so long as such disagreement continues or such doubt exists, and in any such event, the Escrow Agent shall not be
or become liable in any way or to any person for its failure or refusal to act, and the Escrow Agent shall be entitled to continue so to refrain from acting until (i) the rights of all interested parties shall have been fully and finally
adjudicated by a court of competent jurisdiction, or (ii) all differences shall have been adjudged and all doubt resolved by agreement among all of the interested persons, and the Escrow Agent shall have been notified thereof in writing signed
by all such persons. Notwithstanding the foregoing, the Escrow Agent may in its discretion obey the order, judgment, decree or levy of any court, with jurisdiction, and the Escrow Agent is hereby authorized in its sole discretion to comply with and
obey any such orders, judgments, decrees or levies. In the event that the Escrow Agent shall become involved in any arbitration or litigation relating to the Subscriber Funds, the Escrow Agent is authorized to comply with any decision reached
through such arbitration or litigation. 

  
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 (i) In the event that any controversy should arise with respect to this Escrow Agreement, the
Escrow Agent shall have the right, at its option, to institute an interpleader action in any court of competent jurisdiction to determine the rights of the parties. 

(j) IN NO EVENT SHALL THE ESCROW AGENT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL LOSSES OR DAMAGES OF ANY
KIND WHATSOEVER (INCLUDING WITHOUT LIMITATION LOST PROFITS), EVEN IF THE ESCROW AGENT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE FORM OF ACTION. 

(k) The parties agree that the Escrow Agent had no role in the preparation of the Offering documents, has not reviewed any such documents, and
makes no representations or warranties with respect to the information contained therein or omitted therefrom. 
 (l) The Escrow Agent shall
have no obligation, duty or liability with respect to compliance with any federal or state securities, disclosure or tax laws concerning the Offering documents or the issuance, offering or sale of the Shares. 

(m) The Escrow Agent shall have no duty or obligation to monitor the application and use of the Subscriber Funds once transferred to the
Company, that being the sole obligation and responsibility of the Company. 
 7. Escrow Agent’s Fee. The Escrow Agent shall be entitled to
compensation for its services as stated in the fee schedule attached hereto as Exhibit C, which compensation shall be paid by the Company. The fee agreed upon for the services rendered hereunder is intended as full compensation for the Escrow
Agent’s services as contemplated by this Escrow Agreement; provided, however, that in the event that the conditions for the disbursement of funds under this Escrow Agreement are not fulfilled, or the Escrow Agent renders any material service
not contemplated in this Escrow Agreement, or there is any assignment of interest in the subject matter of this Escrow Agreement, or any material modification hereof, or if any material controversy arises hereunder, or the Escrow Agent is made a
party to any litigation relating to this Escrow Agreement, or the subject matter hereof, then the Escrow Agent shall be reasonably compensated for such extraordinary services and reimbursed for all costs and expenses, including reasonable
attorney’s fees and expenses, occasioned by any delay, controversy, litigation or event, and the same shall be paid by the Company. The Company’s obligations under this Section 7 shall survive the resignation or removal of the Escrow
Agent and the assignment or termination of this Escrow Agreement. 
 8. Investment of Subscriber Funds; Income Allocation and Reporting. 

(a) The Escrow Agent shall invest the Subscriber Funds, including any and all interest and investment income, in accordance with the written
instructions provided to the Escrow Agent and signed by the Company. In the absence of written investment instructions from the Company, the Escrow Agent shall deposit and invest the Subscriber Funds, including any and all interest and investment
income, in UMB Money Market Special, a UMB money market deposit account. Any interest received by the Escrow Agent with respect to the Subscriber Funds, including reinvested interest shall become part of the Subscriber Funds, and shall be disbursed
pursuant to this Escrow Agreement. The Company agrees that, for tax reporting purposes, all interest or other taxable income earned on the Subscriber Funds in any tax year shall be taxable to the Company. Notwithstanding anything herein to the
contrary, funds in the Escrow Account may only be invested in “Short Term Investments” and in compliance with Rule 15c2-4 of the Exchange Act. 

  
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 (b) The Escrow Agent shall be entitled to sell or redeem any such investments as the Escrow Agent
deems necessary to make any payments or distributions required under this Escrow Agreement. The Escrow Agent shall have no responsibility or liability for any loss which may result from any investment or sale of investment made pursuant to this
Escrow Agreement. The parties acknowledge that the Escrow Agent is not providing investment supervision, recommendations or advice. 
 (c)
At any time pursuant to this Escrow Agreement interest income earned on Subscriber Funds deposited in the Escrow Account (“Escrow Income”) is to be paid to a Subscriber, the Escrow Agent shall promptly provide directly to such
Subscriber the amount of Escrow Income payable to such Subscriber; provided that the Escrow Agent is in possession of such Subscriber’s executed Internal Revenue Service (“IRS”) Form W-9. In the event an executed IRS Form W-9
is not received for each Subscriber the Escrow Agent shall remit an amount to the Subscribers in accordance with the provisions hereof, withholding the applicable percentage for backup withholding required by the Internal Revenue Code, as then in
effect, from any Escrow Income attributable to those Subscribers for whom the Escrow Agent does not possess an executed IRS Form W-9. Escrow Income shall be remitted to Subscribers at the address provided by the Selling Agent or the Company to the
Escrow Agent, which the Escrow Agent shall be entitled to rely upon, and without any deductions for escrow expenses. 
 (d) The Company
agrees to indemnify and hold the Escrow Agent harmless from and against any and all taxes, additions for late payment, interest, penalties and other expenses that may be assessed against the Escrow Agent on or with respect to the Subscriber Funds
unless any such tax, addition for late payment, interest, penalties and other expenses shall be determined by a court of competent jurisdiction to have been primarily caused by the Escrow Agent’s gross negligence or willful misconduct. The
terms of this paragraph shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent. 

  
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 9. Notices. All notices, requests, demands, and other communications under this Escrow Agreement shall be
in writing and shall be deemed to have been duly given (a) on the date of service if served personally on the party to whom notice is to be given, (b) on the day of transmission if sent by facsimile to the facsimile number given below,
with written confirmation of receipt, (c) on the day after delivery to Federal Express or similar overnight courier or the Express Mail service maintained by the United States Postal Service, or (d) on the fifth day after mailing, if
mailed to the party to whom notice is to be given, by registered or certified mail, postage prepaid, and properly addressed, return receipt requested, to the party as follows, provided, however, that notice to the Escrow Agent will be deemed give
upon receipt by the Escrow Agent: 
  

			
	If to the Company:	  	MVP REIT II, Inc.
		  	12730 High Bluff Drive, #410
		  	San Diego, California 92130
		  	Attn:    [    ]
		  	Phone: [    ]
		  	Facsimile: [    ]
		
	If to Selling Agent:	  	[                    ]
		  	[                    ]
		  	Attn:    [    ]
		  	Phone: [    ]
		  	Facsimile: [    ]
		
	If to Escrow Agent:	  	UMB Bank, N.A.
		  	1010 Grand Blvd, 4th Floor
		  	Kansas City, Missouri 64106
		  	Attn: Lara Stevens, Corporate Trust & Escrow Services Dept.
		  	Phone: (816) 860-3017
		  	Facsimile: (816) 860-3029]

 Any party may change its address for purposes of this section by giving the other party written notice of the new address in
the manner set forth above. 
 10. Indemnification of Escrow Agent. The Company and the Selling Agent hereby jointly and severally indemnify, defend
and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action,
claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined
by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive the assignment or termination of this Escrow Agreement and the
resignation or removal of the Escrow Agent. 
 11. Resignation. The Escrow Agent may resign upon 30 days’ advance written notice to the
Company. If a successor escrow agent is not appointed within the 30-day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent or interplead the Subscriber Funds with such
court, whereupon the Escrow Agent’s duties hereunder shall terminate. 
 12. Successors and Assigns. Except as otherwise provided in this
Escrow Agreement, no party hereto shall assign this Escrow Agreement or any rights or obligations hereunder without the prior written consent of the other parties hereto and any such attempted assignment without such prior written consent shall be
void and of no force and effect. This Escrow Agreement shall inure to the benefit of and shall be binding upon the successors and permitted assigns of the parties hereto. Any corporation or association into which the Escrow Agent may be converted or
merged, or with which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and assets in whole or in part, or any corporation or association resulting from any such conversion, sale,
merger, consolidation or transfer to which the Escrow Agent is a party, shall be and become the successor escrow agent under this Escrow Agreement and shall have and succeed to the rights, powers, duties, immunities and privileges as its
predecessor, without the execution or filing of any instrument or paper or the performance of any further act. 

  
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 13. Governing Law; Jurisdiction. This Escrow Agreement shall be construed, performed, and enforced in
accordance with, and governed by, the internal laws of the State of Missouri, without giving effect to the principles of conflicts of laws thereof. 

14. Severability. In the event that any part of this Escrow Agreement is declared by any court or other judicial or administrative body to be null,
void, or unenforceable, said provision shall survive to the extent it is not so declared, and all of the other provisions of this Escrow Agreement shall remain in full force and effect. 

15. Amendments; Waivers. This Escrow Agreement may be amended or modified, and any of the terms, covenants, representations, warranties or conditions
hereof may be waived, only by a written instrument executed by the parties hereto, or in the case of a waiver, by the party waiving compliance. Any waiver by any party of any condition, or of the breach of any provision, term, covenant,
representation or warranty contained in this Escrow Agreement, in any one or more instances, shall not be deemed to be, nor construed as further or continuing waiver of any such condition, or of the breach of any other provision, term, covenant,
representation or warranty of this Escrow Agreement. The Company and the Selling Agent agree that any requested waiver, modification or amendment of this Escrow Agreement shall be consistent with the terms of the Offering. 

16. Entire Agreement. This Escrow Agreement contains the entire understanding among the parties hereto with respect to the escrow contemplated hereby
and supersedes and replaces all prior and contemporaneous agreements and understandings, oral or written, with regard to such escrow. 
 17.
References to Escrow Agent. Other than disclosures required to be disclosed in Offering documents, no printed or other matter in any language (including, without limitation, the Offering document, any supplement or amendment relating thereto,
notices, reports and promotional material) which mentions the Escrow Agent’s name or the rights, powers or duties of the Escrow Agent shall be issued by the Company or the Selling Agent or on the Company’s or Selling Agent’s behalf
unless the Escrow Agent shall first have given its specific written consent thereto. 
 18. Section Headings. The section headings in this
Escrow Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Escrow Agreement. 
 19.
Counterparts. This Escrow Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute the same instrument. 

20. Electronic Transactions. The parties hereto agree that the transactions described herein may be conducted and related documents may be stored by
electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing of any
claim, action or suit in the appropriate court of law. 
 21. Patriot Act Compliance; Tax Matters. Pursuant to the Subscription Agreement
completed by Subscribers, the Company and the Selling Agent agree to provide the Escrow Agent completed Forms W-9 (or Forms W-8, in the case of non-U.S. persons) and other forms and documents that the Escrow Agent may reasonably request
(collectively, “Tax Reporting Documentation”) at the time of execution of this Escrow Agreement and any information reasonably requested by the Escrow Agent to comply with the USA Patriot Act of 2001, as amended from time to time.
The parties hereto understand that if such Tax 

  
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Reporting Documentation is not so certified to the Escrow Agent, the Escrow Agent may be required by the Internal Revenue Code, as it may be amended from time to time, to withhold a portion of
any interest or other income earned on the investment of monies or other property held by the Escrow Agent pursuant to this Escrow Agreement. The Company shall be treated as the owner of the Subscriber Funds for federal and state income tax
purposes, and the Company will report all income, if any, that is earned on, or derived from, the Subscriber Funds as its income, in such proportions, in the taxable year or years in which such income is properly includible and pay any taxes
attributable thereto. 
 [Signature page follows.] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Escrow Agreement to be executed
the day and year first set forth above. 
  

			
	MVP REIT II, INC.
	
	  

	Michael V. Shustek
	Chief Executive Officer
	
	[                    ], as Selling Agent
	
	  

	Name:	 	
	Title:	 	
	
	UMB BANK, N.A., as Escrow Agent
	
	  

	Name:	 	[Lara L. Stevens]
	Title:	 	[Vice President]

 Signature Page to Escrow Agreement 

 EXHIBIT A 

LIST OF SUBSCRIBERS 
 Pursuant to the
Escrow Agreement dated [            ], 2015 by and between MVP REIT II, Inc. (the “Company”), [            ]
(the “Selling Agent”) and UMB Bank, N.A., as escrow agent (the “Escrow Agent”), the Company and the Selling Agent hereby certify that the following investors have paid money for the purchase of the Shares in the
Company and the money has been deposited with the Escrow Agent: 
  

	1.	Name of Subscriber 

 Address 

Tax Identification Number 
 Amount
of Securities subscribed for 
 Amount of money paid and deposited with Escrow Agent 

 

	2.	Name of Subscriber 

 Address 

Tax Identification Number 
 Amount
of Securities subscribed for 
 Amount of money paid and deposited with Escrow Agent 

 

			
	[                    ], as Selling Agent
		
	By:	 	  

		
	Its:	 	
	
	MVP REIT II, INC.
		
	By:	 	  

		
	Its:	 	

 EXHIBIT B 

CERTIFICATE AS TO AUTHORIZED SIGNATURES 

Account Name: MVP REIT II, Inc. Subscription Escrow 
 The
specimen signatures shown below are the specimen signatures of the individuals who have been designated as Authorized Representatives of, and are authorized to initiate and approve transactions of all types for the above-mentioned account on behalf
of MVP REIT II, Inc. 
  

					
	 Name/Title
	 	 	 	 Specimen Signature

			
	  
	 	 	 	  

			
	  
	 	 	 	  

			
	  
	 	 	 	  

 EXHIBIT C 

ESCROW AGENT FEE 
  

			
	 Acceptance Fee
	  	
	 Review escrow agreement, establish account
	  	$[            ]
		
	 Annual Fees
	  	
	 Annual Escrow Agent
	  	$[            ]
		
	 Transactional Fees
	  	
	 Outgoing Wire Transfer
	  	$[            ] each
	 Overnight Delivery/Mailings
	  	$[            ] each
	 IRS Tax Reporting
	  	$[            ] per 1099
	 Daily BAI File to Transfer Agent
	  	$[            ] per Business Day
	 Daily Wire Ripping to Transfer Agent
	  	$[            ] per Business Day

 Acceptance fee and first year Annual Escrow Agent fee will be payable at the initiation of the escrow. Thereafter, the Annual
Escrow Agent fees will be billed in advance and Transactional Fees will be billed quarterly in arrears. Other fees and expenses will be billed as incurred. 

Fees specified are for the regular, routine services contemplated by the Escrow Agreement, and any additional or extraordinary services, including, but not
limited to disbursements involving a dispute or arbitration, or administration while a dispute, controversy or adverse claim is in existence, will be charged based upon time required at the then standard hourly rate. In addition to the specified
fees, all expenses related to the administration of the Escrow Agreement (other than normal overhead expenses of the regular staff) such as, but not limited to, travel, postage, shipping, courier, telephone, facsimile, supplies, legal fees,
accounting fees, etc., will be reimbursable.EX-10.1

 Exhibit 10.1 

FORM OF ADVISORY AGREEMENT 

BETWEEN 
 MVP REIT II,
INC., 
 MVP REIT II OPERATING PARTNERSHIP, LP, 

AND 
 MVP REALTY ADVISORS,
LLC 

 TABLE OF CONTENTS 

 

					
	 	  	Page(s)	 
		
	 DEFINITIONS
	  	 	1	  
		
	 APPOINTMENT
	  	 	4	  
		
	 DUTIES OF THE ADVISOR
	  	 	4	  
		
	 AUTHORITY OF ADVISOR
	  	 	6	  
		
	 BANK ACCOUNTS
	  	 	7	  
		
	 RECORDS; ACCESS
	  	 	7	  
		
	 LIMITATIONS ON ACTIVITIES
	  	 	7	  
		
	 RELATIONSHIP WITH DIRECTORS
	  	 	8	  
		
	 FEES
	  	 	8	  
		
	 EXPENSES
	  	 	9	  
		
	 OTHER SERVICES
	  	 	11	  
		
	 REIMBURSEMENT TO THE ADVISOR
	  	 	11	  
		
	 RELATIONSHIP OF THE PARTIES
	  	 	11	  
		
	 OTHER ACTIVITIES OF THE ADVISOR
	  	 	12	  
		
	 TERM OF AGREEMENT
	  	 	12	  
		
	 TERMINATION BY THE PARTIES
	  	 	12	  
		
	 ASSIGNMENT TO AN AFFILIATE
	  	 	12	  
		
	 PAYMENTS TO AND DUTIES OF ADVISOR UPON TERMINATION
	  	 	12	  
		
	 INDEMNIFICATION BY THE COMPANY
	  	 	13	  
		
	 INDEMNIFICATION BY ADVISOR
	  	 	14	  
		
	 EXCLUSION OF CERTAIN TRANSACTIONS
	  	 	14	  
		
	 NON-SOLICITATION
	  	 	14	  
		
	 THE MVP NAME
	  	 	15	  
		
	 NOTICES
	  	 	15	  
		
	 MODIFICATION
	  	 	16	  
		
	 SEVERABILITY
	  	 	16	  
		
	 CONSTRUCTION
	  	 	16	  
		
	 ENTIRE AGREEMENT
	  	 	16	  
		
	 INDULGENCES, NOT WAIVERS
	  	 	16	  
		
	 GENDER
	  	 	16	  
		
	 TITLES NOT TO AFFECT INTERPRETATION
	  	 	16	  
		
	 EXECUTION IN COUNTERPARTS
	  	 	16	  

 FORM OF ADVISORY AGREEMENT 

THIS ADVISORY AGREEMENT, dated as of the      day of June, 2015 (this “Agreement”), is entered
into by and between MVP REIT II, Inc., a Maryland corporation (the “Company”), MVP REIT II Operating Partnership, LP, a Delaware limited partnership (the “Operating Partnership”) and MVP Realty Advisors, LLC, a
Nevada limited liability company (the “Advisor,” and together with the Company and the Operating Partnership, the “Parties”). Capitalized terms used herein shall have the meanings ascribed to them in Section 1
below. 
 W I T N E S S E T H 

WHEREAS, the Company intends to qualify as a REIT, and to invest its funds in investments permitted by the terms of Sections 856 through 860
of the Code; 
 WHEREAS, the Company is the general partner of the Operating Partnership and intends to conduct all of its business and make
all Investments through the Operating Partnership; 
 WHEREAS, the Company and the Operating Partnership desire to avail themselves of the
experience, sources of information, advice, assistance and certain facilities of the Advisor and to have the Advisor undertake the duties and responsibilities hereinafter set forth, on behalf of, and subject to the supervision, of the Board, all as
provided herein; and 
 WHEREAS, the Advisor is willing to undertake to render such services, subject to the supervision of the Board, on
the terms and conditions hereinafter set forth. 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and
agreements contained herein, the Parties hereto, intending to be legally bound, hereby agree as follows: 
 1. DEFINITIONS. As used in
this Agreement, the following terms have the definitions hereinafter indicated: 
 “Acquisition Expenses” has the
meaning set forth in the Charter. 
 “Acquisition Fees” has the meaning set forth in the Charter. 

“Advisor” means MVP Realty Advisors, LLC, a Nevada limited liability company, any successor advisor to the Company or
any Person to which MVP Realty Advisors, LLC or any successor advisor subcontracts substantially all of its functions. 

“Affiliate” or “Affiliated” has the meaning set forth in the Charter. For the purposes of this Agreement,
the Advisor shall not be deemed to be an Affiliate of the Company, and vice versa.  
 “Asset” has the
meaning set forth in the Charter. 
 “Asset Management Fee” means the fee payable to the Advisor pursuant to
Section 9(d). 
 “Average Invested Assets” has the meaning set forth in the Charter. 

“Board” or “Board of Directors” has the meaning set forth in the Charter.  

“Bylaws” has the meaning set forth in the Charter.  

  
 1 

 “Cause” means, with respect to the termination of this Agreement, fraud,
criminal conduct, misconduct or negligent breach of fiduciary duty by the Advisor or a material breach of this Agreement by the Advisor. 

“Charter” means the Articles of Incorporation of the Company, as amended from time to time.  

“Code” has the meaning set forth in the Charter.  

“Company” has the meaning set forth in the preamble of this Agreement. 

“Competitive Real Estate Commission” has the meaning set forth in the Charter. 

“Contract Sales Price” means the total consideration received by the Company for the sale of an Investment.

 “Director” has the meaning set forth in the Charter.  

“Disposition Fees” means the fees payable to the Advisor pursuant to Section 9(c). 

“Distributions” has the meaning set forth in the Charter.  

“Effective Date” means the commencement date of the Initial Public Offering. 

“Excess Amount” has the meaning set forth in the Charter.  

“Expense Year” has the meaning set forth in Section 12. 

“GAAP” means generally accepted accounting principles as in effect in the United States of America from time to
time. 
 “Good Reason” means, with respect to the termination of this Agreement, (i) any failure to
obtain a satisfactory agreement from any successor to the Company or the Operating Partnership to assume and agree to perform the Company’s or the Operating Partnership’s obligations under this Agreement; or (ii) any material breach
of this Agreement of any nature whatsoever by the Company or the Operating Partnership. 
 “Gross Proceeds” has the
meaning set forth in the Charter.  
 “Indemnitee” has the meaning set forth in the Charter.  

“Independent Director” has the meaning set forth in the Charter.  

“Initial Public Offering” has the meaning set forth in the Charter.  

“Joint Ventures” has the meaning set forth in the Charter.  

“Listing” has the meaning set forth in the Charter.  

  
 2 

 “Loan” means any indebtedness or obligations in respect of borrowed money
or evidenced by bonds, notes, debentures, deeds of trust, letters of credit or similar instruments, including mortgages and mezzanine loans.  

“Minimum Offering Amount” means that the Company receives and accepts a minimum offering amount of $2,000,000
(including Shares purchased by the Company’s sponsor, its affiliates and the Company’s officers and directors) in Gross Proceeds pursuant to the Initial Public Offering. 

“NASAA REIT Guidelines” has the meaning set forth in the Charter.  

“Net Income” has the meaning set forth in the Charter.  

“Offering” has the meaning set forth in the Charter.  

“Operating Partnership” has the meaning set forth in the Charter.  

“Operating Partnership Agreement” means the Limited Partnership Agreement of MVP REIT II Operating Partnership, LP.

 “OP Limited Partnership Interests” means Limited partnership interests in the Operating Partnership.

 “Organization and Offering Expenses” has the meaning set forth in the Charter.  

“Person” has the meaning set forth in the Charter.  

“Primary Offering” means the portion of an Offering other than the Shares offered pursuant to the Company’s
distribution reinvestment plan.  
 “Property” or “Properties” has the meaning set forth in
the Charter. 
 “Property Manager” means an Affiliated entity that has been retained to perform and carry out
property-management services at one or more of the Properties. 
 “Prospectus” has the meaning set forth in the
Charter.  
 “Real Property” has the meaning set forth in the Charter.  

“Registration Statement” shall mean the Company’s registration statement on Form S-11 (Registration Number
333-[    ]), as amended from time to time, filed with the SEC in connection with the Initial Public Offering. 

“REIT” has the meaning set forth in the Charter.  

“Sale” or “Sales” has the meaning set forth in the Charter.  

“Sales Commission” means an amount up to 6.5% of Gross Proceeds from the sale of Shares in the Primary Offering
payable to non-affiliated Selling Agents with respect to Shares sold by them. 
 “Selling Agents” has the
meaning set forth in the Charter.  
 “Shares” has the meaning set forth in the Charter.  

  
 3 

 “Sponsor” has the meaning set forth in the Charter.  

“Stockholder” has the meaning set forth in the Charter.  

“Termination Date” has the meaning set forth in the Charter.  

“Termination Event” means the termination or nonrenewal of this Agreement (i) in connection with a merger, sale
of assets or transaction involving the Company pursuant to which a majority of the Directors then in office are replaced or removed, (ii) by the Advisor for Good Reason or (iii) by the Company and the Operating Partnership other than for
Cause. 
 “Total Operating Expenses” has the meaning set forth in the Charter.  

“2%/25% Guidelines” has the meaning set forth in the Charter.  

2. APPOINTMENT. The Company and the Operating Partnership hereby appoint the Advisor to serve as their advisor on the terms and
conditions set forth in this Agreement, and the Advisor hereby accepts such appointment. 
 3. DUTIES OF THE ADVISOR. The Advisor
undertakes to use its best efforts to present to the Company and the Operating Partnership potential investment opportunities to provide a continuing and suitable investment program consistent with the investment objectives and policies of the
Company as determined and adopted by the Board, and as amended from time to time with the approval of the Stockholders. In performance of this undertaking, subject to the supervision of the Directors and consistent with the provisions of the Charter
and Bylaws of the Company and the Operating Partnership Agreement, the Advisor shall, either directly or by engaging an Affiliate: 
 (a)
assist in the development of the Initial Public Offering and any subsequent Offering approved by the Board, including the determination of the specific terms of the securities to be offered by the Company, preparation of all offering and related
documents and obtaining all required regulatory approvals of such documents, coordination of the due diligence process relating to selling agents and their review of any prospectus and other offering and Company documents, approval of the Selling
Agents and negotiation of the related selling agreements, creation and implementation of various technology and electronic communications related to this Offering, along with the Selling Agent(s), the negotiation and coordination with the
Company’s transfer agent of the receipt, collection, processing and acceptance of subscription agreements, commissions, and other administrative support functions and all other services related to this Offering, other than services that
(i) the Company elects to perform directly or (ii) would require the Advisor to register as a broker-dealer with the SEC, FINRA or any state; 

(b) serve as the Company’s and the Operating Partnership’s investment and financial advisor, obtain certain market research and
economic and statistical data in connection with the Company’s investments and investment objectives and policies, monitor and evaluate the performance of the Company’s investments and provide financial and operational planning services
and investment portfolio management functions; 
 (c) provide the daily management for the Company and the Operating Partnership and perform
and supervise the various administrative functions reasonably necessary for the management of the Company and the Operating Partnership; 

  
 4 

 (d) investigate, select and, on behalf of the Company and the Operating Partnership, engage and
conduct business with such Persons as the Advisor deems necessary to the proper performance of its obligations hereunder, including but not limited to consultants, accountants, correspondents, lenders, technical advisors, attorneys, brokers,
underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for collection, insurers, insurance agents, banks, builders, developers, property owners, real estate management companies, real estate operating companies,
securities investment advisors, mortgagors and any and all agents for any of the foregoing, including Affiliates of the Advisor and Persons acting in any other capacity deemed by the Advisor necessary or desirable for the performance of any of the
foregoing services, including, but not limited to, entering into contracts in the name of the Company and the Operating Partnership with any of the foregoing; 

(e) consult with the officers and Directors of the Company and assist the Board in the formulation and implementation of the Company’s
financial policies and, as necessary, furnish the Board with advice and recommendations with respect to the making of investments consistent with the investment objectives and policies of the Company and in connection with any borrowings proposed to
be undertaken by the Company or the Operating Partnership; 
 (f) subject to the provisions of Section 4 of this Agreement,
(i) participate in formulating an investment strategy and asset allocation framework; (ii) locate, analyze and select potential investments; (iii) structure and negotiate the terms and conditions of transactions pursuant to which
acquisitions and dispositions of investments will be made; (iv) research, identify, review and recommend acquisitions and dispositions of investments to the Board and make investments on behalf of the Company and the Operating Partnership in
compliance with the investment objectives and policies of the Company; (v) arrange for financing and refinancing and make other changes in the asset or capital structure of, and dispose of, reinvest the proceeds from the sale of, or otherwise
deal with, the Company’s investments; (vi) enter into leases and service contracts for Properties and, to the extent necessary, perform all other operational functions for the maintenance and administration of such Properties;
(vii) actively oversee and manage Assets for purposes of meeting the Company’s investment objectives; (vii) select Joint Venture partners, structure corresponding agreements and oversee and monitor these relationships;
(viii) oversee the performance of the Property Manager or third-party property managers who perform services for the Company or the Operating Partnership; (ix) oversee Affiliated and non-Affiliated Persons with whom the Advisor contracts
to perform certain of the services required to be performed under this Agreement; (x) manage accounting and other record-keeping functions for the Company and the Operating Partnership; and (xi) recommend various liquidity events to the
Board when appropriate; 
 (g) provide the Board with periodic reports regarding prospective investments upon request of the Board,
coordinate with the Company’s independent accountants and auditors to prepare and deliver to the Company’s audit committee an annual report covering the Advisor’s compliance with certain aspects of this Agreement and oversee tax and
compliance services and risk management services and coordinate with appropriate third parties, including independent accountants and other consultants, on related tax matters; 

(h) make investments in, and dispositions of, Assets within the discretionary limits and authority as granted by the Board; 

(i) negotiate on behalf of the Company and the Operating Partnership with banks or lenders for Loans to be made to the Company and the
Operating Partnership, monitor and oversee the service of the Company’s debt facilities and other financings, and negotiate on behalf of the Company and the Operating Partnership with investment banking firms and broker-dealers or negotiate
private sales of Shares or obtain Loans for the Company and the Operating Partnership, but in no event in such a way so that the Advisor shall be acting as broker-dealer or underwriter; and provided, further, that any fees and costs payable to third
parties incurred by the Advisor in connection with the foregoing shall be the responsibility of the Company or the Operating Partnership; 

  
 5 

 (j) obtain reports (which may, but are not required to, be prepared by the Advisor or its
Affiliates), where appropriate, concerning the value of Assets or contemplated investments of the Company and the Operating Partnership; 

(k) from time to time, or at any time reasonably requested by the Board, make reports to the Board of its performance of services to the
Company and the Operating Partnership under this Agreement, including reports with respect to potential conflicts of interest involving the Advisor or any of its affiliates; 

(l) provide the Company and the Operating Partnership with all necessary cash management services and manage and coordinate with the transfer
agent the process of making distributions and payments to stockholders; 
 (m) consult with the Company’s officers and Directors and
assist in evaluating and obtaining adequate insurance coverage based upon risk management determinations and provide the Company’s officers and Directors with timely updates related to the overall regulatory environment affecting the Company,
as well as managing compliance with regulatory matters and policies and procedures relating to the corporate governance structure of the Company; 

(n) do all things necessary to assure its ability to render the services described in this Agreement; 

(o) deliver to, or maintain on behalf of, the Company copies of all appraisals obtained in connection with the investments in any Properties
as may be required to be obtained by the Board, maintain accounting data and any other information concerning the activities of the Company as shall be required to prepare and to file all periodic financial reports and returns required to be filed
with the SEC and any other regulatory agency, including annual financial statements, maintain all appropriate books and records of the Company and oversee all reporting, record keeping, internal controls and similar matters in a manner to allow the
Company to comply with applicable law; 
 (p) notify the Board of all proposed material transactions before they are completed; and 

(q) effect any private placement, tenancy-in-common or other interests in Assets as may be approved by the Board. 

Notwithstanding the foregoing, the Advisor may delegate any of the foregoing duties to any Person so long as the Advisor or any Affiliate
remains responsible for the performance of the duties set forth in this Section 3. 
 4. AUTHORITY OF ADVISOR. 

(a) Pursuant to the terms of this Agreement (including the restrictions included in this Section 4 and in Section 7), and subject to
the continuing and exclusive authority of the Board over the management of the Company, the Board hereby delegates to the Advisor the authority to perform the services described in Section 3. 

  
 6 

 (b) Notwithstanding the foregoing, any investment in Properties, including any financing of such
investment, will require the prior approval of the Board, except that the Board may delegate to the Advisor the authority to invest in Properties, pursuant to investment guidelines approved by the Board, without the prior approval of the Board. The
Advisor will deliver to the Board all documents and other information required by the Board or any committee of the Board, as the case may be, to evaluate a proposed investment in any Property that requires the prior approval of the Board (and any
financing related to such proposed investment). 
 (c) If a transaction requires approval by the Independent Directors, the Advisor will
deliver to the Independent Directors all documents and other information required by them to properly evaluate the proposed transaction. 

(d) The prior approval of a majority of the Independent Directors not otherwise interested in the transaction and a majority of the Directors
not otherwise interested in the transaction will be required for each transaction to which the Advisor or its Affiliates is a party. 
 (e)
The Board may, at any time upon the giving of written notice to the Advisor, modify or revoke the authority set forth in this Section 4; provided, however, that such modification or revocation shall be effective upon receipt by the Advisor and
shall not be applicable to investment transactions to which the Advisor has committed the Company or the Operating Partnership prior to the date of receipt by the Advisor of such notification. 

5. BANK ACCOUNTS. The Advisor may establish and maintain one or more bank accounts in the name of the Company or the Operating
Partnership and may collect and deposit into any such account or accounts, and disburse from any such account or accounts, any money on behalf of the Company or the Operating Partnership, under such terms and conditions as the Board may approve,
provided that no funds shall be commingled with the funds of the Advisor; and the Advisor shall from time to time render appropriate accountings of such collections and payments to the Board and to the auditors of the Company. 

6. RECORDS; ACCESS. The Advisor shall maintain appropriate records of all its activities hereunder and make such records available for
inspection by the Board and by the officers, counsel, auditors and authorized agents of the Company, at any time or from time to time during normal business hours. The Advisor shall at all reasonable times have access to the books and records of the
Company and the Operating Partnership. 
 7. LIMITATIONS ON ACTIVITIES. Anything else in this Agreement to the contrary
notwithstanding, the Advisor shall refrain from taking any action which, in its sole judgment made in good faith, would (a) adversely affect the ability of the Company to qualify or continue to qualify as a REIT under the Code unless the Board
has determined that the Company will not seek or maintain REIT qualification, (b) subject the Company to regulation under the Investment Company Act of 1940, as amended, or (c) violate any law, rule, regulation or statement of policy of
any governmental body or agency having jurisdiction over the Company or its Shares, or otherwise not be permitted by the Charter or Bylaws, except if such action shall be ordered by the Board, in which case the Advisor shall notify promptly the
Board of the Advisor’s judgment of the potential impact of such action and shall refrain from taking such action until it receives further clarification or instructions from the Board. In such event, the Advisor shall have no liability for
acting in accordance with the specific instructions of the Board so given. Notwithstanding the foregoing, the Advisor, its directors, officers, employees and members, and partners, directors, officers, members and stockholders of the Advisor’s
Affiliates shall not be liable to the Company or to the Directors or Stockholders for any act or omission by the Advisor, its directors, officers, employees, or members, and partners, directors, officers, members or stockholders of the
Advisor’s Affiliates taken or omitted to be taken in the performance of their duties under this Agreement except as provided in Section 19 of this Agreement. 

  
 7 

 8. RELATIONSHIP WITH DIRECTORS. Subject to Section 7 of this Agreement and to
restrictions advisable with respect to the qualification of the Company as a REIT, directors, officers and employees of the Advisor or an Affiliate of the Advisor or any corporate parents of an Affiliate, may serve as a Director and as officers of
the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer other than reasonable
reimbursement for travel and related expenses incurred in attending meetings of the Directors and no such Director shall be deemed an Independent Director for purposes of satisfying the Director independence requirement set forth in the Charter.

 9. FEES. 

(a) Acquisition Fees. The Advisor shall receive an Acquisition Fee payable by the Company as compensation for services
rendered in connection with the investigation, selection and acquisition (by purchase, investment, exchange, sourcing or origination) of Assets. The total Acquisition Fees payable to the Advisor or its Affiliates shall equal 2.25% of (i) the
cost of all Assets, including Acquisition Expenses and any debt attributed to such Assets and excluding Acquisition Fees, or (ii) the amount funded by the Company to acquire or originate a Loan, including Acquisition Expenses related to such
Investments and any debt used to fund the acquisition or origination of a Loan and excluding Acquisition Fees. With respect to the acquisition of Properties through a Joint Venture, the Acquisition Fee payable by the Company to the Advisor shall
equal 2.25% of the Company’s allocable cost of such Properties, including Acquisition Expenses and any debt attributed to such Properties and excluding Acquisition Fees. The Advisor shall submit an invoice to the Company following the closing
or closings of each investment, accompanied by a computation of the Acquisition Fee. The Acquisition Fee payable to the Advisor shall be paid at the closing of the transaction upon receipt of the invoice by the Company.  

(b) Limitation on Total Acquisition Fees and Acquisition Expenses. Pursuant to the NASAA REIT Guidelines, the total of
all Acquisition Fees and Acquisition Expenses shall not exceed 6.0% of the “contract purchase price,” as defined in the Charter, of all Assets acquired unless a majority of the Board (including a majority of the Independent Directors) not
otherwise interested in the transaction approve fees in excess of these limits if they determine the transaction to be commercially competitive, fair and reasonable to the Company. 

(c) Disposition Fees. If the Advisor provides a substantial amount of services, as determined by the Independent Directors in
connection with a Sale, the Company shall pay a Disposition Fee to the Advisor equal to the lesser of (i)(A) where a brokerage commission is also payable to a third party, one-half of the aggregate brokerage commission paid, including brokerage
commissions payable to third parties, or (b) where no brokerage commission is payable to any third party, the Competitive Real Estate Commission; or (ii) 3.0% of the Contract Sales Price. With respect to a Property held in a Joint Venture,
the Disposition Fee will be equal to the percentage of the “contract purchase price” reflecting the Company’s economic interest in the Joint Venture. Any Disposition Fee payable under this Section 9(c) may be paid in addition to
real estate commissions paid to non-Affiliates, provided that the total real estate commissions (including such Disposition Fee) paid to all Persons by the Company for each investment shall not exceed the lesser of the Competitive Real Estate
Commission or 6.0% of the Contract Sales Price. 

  
 8 

 (d) Asset Management Fee. The Advisor shall receive the Asset Management Fee as
compensation for services rendered pursuant to Section 3 of this Agreement in connection with the management of the Company’s Assets. The Asset Management Fee shall be calculated and paid monthly and consists of a monthly fee of
one-twelfth of 1.0% of (i) the cost of each Asset then held by the Company, without deduction for depreciation, bad debts or other non-cash reserves, or (ii) the Company’s proportionate share thereof in the case of an investment made
through a joint venture or other co-ownership arrangement excluding (only for clause (ii)) debt financing on the investment. For any month in which an Asset is disposed of, the Company shall prorate the portion of the Asset Management Fee related to
that specific Asset by using a numerator equal to the number of days owned during the month of disposal, divided by a denominator equal to the total number of days in such month and add the resulting amount to the fee due for such month. Following
the determination of the Company’s net asset value (to occur on a date not later than 150 days following the second anniversary of the date that the Company raises the Minimum Offering Amount), the Asset Management Fee will be based on the
value of the Company’s assets rather than their historical cost. The Asset Management Fee shall be payable in arrears for each month on the first of each succeeding month. 

10. EXPENSES. 
 (a) In
addition to the fees paid to the Advisor pursuant to Section 9 of this Agreement and subject to the limitations set forth in the Charter, the Company or the Operating Partnership shall pay directly or reimburse the Advisor for certain expenses
paid or incurred by the Advisor in connection with the services it provides to the Company and the Operating Partnership pursuant to this Agreement, including, but not limited to: 

(i) Acquisition Expenses incurred in connection with the selection and acquisition of investments subject to the aggregate 6.0% cap on
Acquisition Fees and Acquisition Expenses set forth in Section 9(b); 

  
 9 

 (ii) the actual cost of goods and services used by the Company and obtained from entities not
affiliated with the Advisor; 
 (iii) interest and other costs for borrowed money, including discounts, points and other similar fees; 

(iv) taxes and assessments on income of the Company or Assets; 

(v) costs associated with insurance required in connection with the business of the Company or by the Board; 

(vi) expenses of managing and operating Assets, whether payable to an Affiliate of the Company or a non-Affiliated Person; 

(vii) expenses in connection with payments to the Directors for attending meetings of the Board and Stockholders; 

(viii) expenses associated with a Listing, if applicable; 

(ix) expenses connected with payments of Distributions in cash or otherwise made or caused to be made by the Company to the Stockholders;

 (x) expenses of organizing, revising, amending, converting, modifying or terminating the Company or the Charter; 

(xi) expenses of maintaining communications with Stockholders, including the cost of preparation, printing and mailing annual reports and
other Stockholder reports, proxy statements and other reports required by governmental entities; 
 (xii) administrative service expenses
(including (a) personnel costs; provided, however, that no reimbursement shall be made for costs of personnel to the extent that such personnel perform services in transactions for which the Advisor receives Acquisition Fees, Disposition Fees
or property management fees or real estate sales commissions, and (b) the Company’s allocable share of other overhead of the Advisor such as rent and utilities); 

(xiii) audit, accounting and legal fees and other fees for professional services relating to the operations of the Company and all such fees
incurred at the request, or on behalf of, the Board or any committee of the Board; 
 (xiv) out-of-pocket costs for the Company to comply
with all applicable laws, regulations and ordinances, including without limitation, the Sarbanes-Oxley Act of 2002, as amended; and 
 (xv)
all other out-of-pocket costs incurred by the Advisor in performing its duties hereunder. 

  
 10 

 (b) The Advisor will be responsible for payment of any and all Organization and Offering Expenses
incurred by the Advisor or its Affiliates on behalf of the Company in connection with the Initial Public Offering, and will not seek or be entitled to reimbursement from the Company for any such expenses. 

(c) Expenses incurred by the Advisor on behalf of the Company and the Operating Partnership and payable pursuant to this Section 10 shall
be reimbursed no less than monthly to the Advisor. The Company and the Operating Partnership shall also reimburse the Advisor for expenses, to the extent the Advisor is entitled to reimbursement, that are incurred on behalf of the Company or the
Operating Partnership prior to the execution of this Agreement. The Advisor shall prepare a statement documenting the expenses of the Company and the Operating Partnership and the calculation of the Asset Management Fee during each quarter, and
shall deliver such statement to the Company and the Operating Partnership within 45 days after the end of each quarter. Notwithstanding anything this Agreement to the contrary, the expenses enumerated in this Section 10 shall not become
reimbursable to the Advisor unless and until the Company raises the Minimum Offering Amount. 
 11. OTHER SERVICES. Should the Board
request that the Advisor or any director, officer or employee thereof render services for the Company and the Operating Partnership other than set forth in Section 3, such services shall be separately compensated at such rates and in such
amounts as are agreed by the Advisor and the Independent Directors, subject to the limitations contained in the Charter, and shall not be deemed to be services pursuant to the terms of this Agreement. 

12. REIMBURSEMENT TO THE ADVISOR. The Company may reimburse the Advisor, at the end of each fiscal quarter, for Total Operating
Expenses incurred by the Advisor; provided, however, that the Company shall not reimburse the Advisor at the end of any fiscal quarter commencing on the fourth fiscal quarter after the quarter in which the Company makes its first investment in an
Asset, for Total Operating Expenses that, in the four consecutive fiscal quarters then ended, exceed the greater of 2% of Average Invested Assets or 25% of Net Income (the “2%/25% Guidelines”) for such 12-month period. The Company
shall not reimburse the Advisor during any fiscal quarter for Operating Expenses that, in the four consecutive fiscal quarters then ended (the “Expense Year”), exceed the 2%/25% Guidelines for such year (the “Excess
Amount”), unless the Independent Directors determine that such excess was justified, based on unusual and non-recurring factors which they deem sufficient, in which case the Excess Amount may be reimbursed. Any Excess Amount paid to the
Advisor during a fiscal quarter without the Independent Directors determining that such expenses were justified shall be repaid to the Company. Within 60 days after the end of any fiscal quarter of the Company for which total Operating Expenses for
the Expense Year exceed the 2%/25% Guidelines and the Independent Directors determined that such expenses were justified, there shall be sent to the Stockholders a written disclosure of such fact, together with an explanation of the factors the
Independent Directors considered in determining that such excess expenses were justified. The Company will not reimburse the Advisor or its Affiliates for services for which the Advisor or its Affiliates are entitled to receive Acquisition Fees,
Asset Management Fees or real estate commissions. All figures used in the foregoing computation shall be determined in accordance with generally accepted accounting principles applied on a consistent basis. 

13. RELATIONSHIP OF THE PARTIES. The Company and the Operating Partnership, on the one hand, and the Advisor on the other, are not
partners or joint venturers with each other, and nothing in this Agreement shall be construed to make them such partners of joint venturers or impose any liability as such on either of them. 

  
 11 

 14. OTHER ACTIVITIES OF THE ADVISOR. Nothing herein contained shall prevent the Advisor or
any of its Affiliates from engaging in or earning fees from other activities, including, without limitation, the rendering of advice to other Persons (including other REITs) and the management of other programs advised, sponsored or organized by the
Advisor or its Affiliates; nor shall this Agreement limit or restrict the right of any director, officer, member, partner, employee or stockholder of the Advisor or its Affiliates to engage in or earn fees from any other business or to render
services of any kind to any other partnership, corporation, firm, individual, trust or association and earn fees for rendering such services. The Advisor may, with respect to any investment in which the Company is a participant, also render advice
and service to each and every other participant therein, and earn fees for rendering such advice and service. Specifically, it is contemplated that the Company may enter into joint ventures or other similar co-investment arrangements with certain
Persons, and pursuant to the agreements governing such joint ventures or arrangements, the Advisor may be engaged to provide advice and service to such Persons, in which case the Advisor will earn fees for rendering such advice and service. 

The Advisor shall report to the Board the existence of any condition or circumstance, existing or anticipated, of which it has knowledge,
which creates or could create a conflict of interest between the Advisor’s obligations to the Company and its obligations to or its interest in any other partnership, corporation, firm, individual, trust or association. The Advisor or its
Affiliates shall promptly disclose to the Board knowledge of such condition or circumstance. If the Advisor or its Affiliates have sponsored other investment programs with similar investment objectives which have investment funds available at the
same time as the Company, it shall be the duty of the Board (including the Independent Directors) to use its best efforts to ensure that the method by which investments are to be allocated to the competing investment entities is reasonable,
described in the Prospectus, and applied fairly to the Company. 
 15. TERM OF AGREEMENT. This Agreement shall have an initial term
of one year from the Effective Date and may be renewed for an unlimited number of successive one-year terms upon mutual consent of the Parties. The Company will evaluate the performance of the Advisor annually before renewing this Agreement,
and each such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Independent Directors. 

16. TERMINATION BY THE PARTIES. This Agreement may be terminated (i) immediately by the Company or the Operating Partnership for
Cause or upon the bankruptcy of the Advisor, (ii) upon 60 days’ written notice without Cause and without penalty by a majority of the Independent Directors of the Company or (iii) upon 60 days’ written notice with Good Reason by
the Advisor. The provisions of Sections 17 through 31 survive termination of this Agreement. 
 17. ASSIGNMENT TO AN AFFILIATE. This
Agreement may be assigned by the Advisor to an Affiliate with the approval of the Board (including a majority of the Independent Directors). The Advisor may assign any rights to receive fees or other payments under this Agreement to any Person
without obtaining the approval of the Board. This Agreement shall not be assigned by the Company or the Operating Partnership without the consent of the Advisor, except in the case of an assignment by the Company or the Operating Partnership to a
corporation, limited partnership or other organization which is a successor to all of the assets, rights and obligations of the Company or the Operating Partnership, in which case such successor organization shall be bound hereunder and by the terms
of said assignment in the same manner as the Company and the Operating Partnership is bound by this Agreement. 
 18. PAYMENTS TO AND
DUTIES OF ADVISOR UPON TERMINATION. 
 (a) After the Termination Date, the Advisor shall not be entitled to compensation for further
services hereunder except it shall be entitled to receive from the Company or the Operating Partnership within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the
Advisor prior to termination of this Agreement, subject to the 2%/25% Guidelines to the extent applicable. 

  
 12 

 (b) The Advisor shall promptly upon termination: 

(i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating
Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; 

(ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by
it, covering the period following the date of the last accounting furnished to the Board; 
 (iii) deliver to the Board all assets,
including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and 
 (iv)
cooperate with the Company and the Operating Partnership to provide an orderly management transition. 
 19. INDEMNIFICATION BY THE
COMPANY AND THE OPERATING PARTNERSHIP. The Company and the Operating Partnership shall indemnify and hold harmless the Advisor and its Affiliates, including their respective directors (the “Indemnitees,” and each an
“Indemnitee”), from all liability, claims, damages or losses arising in the performance of their duties hereunder, and related expenses, including reasonable attorneys’ fees, to the extent such liability, claims, damages or
losses and related expenses are not fully reimbursed by insurance, and to the extent that such indemnification would not be inconsistent with the laws of the State of Maryland, the Charter or the provisions of Section II.G of the NASAA REIT
Guidelines. In addition, the Company and the Operating Partnership shall indemnify and hold harmless the officers of the Company and the Advisor and its Affiliates from all liability, claims, damages or losses arising in the performance of their
duties hereunder, and related expenses, including reasonable attorneys’ fees, to the extent such liability, claims, damages or losses and related expenses are not fully reimbursed by insurance, and to the extent that such indemnification would
not be inconsistent with the laws of the State of Maryland or the Charter. Notwithstanding the foregoing, the Company and the Operating Partnership shall not provide for indemnification of an Indemnitee for any loss or liability suffered by such
Indemnitee, nor shall they provide that an Indemnitee be held harmless for any loss or liability suffered by the Company and the Operating Partnership, unless all of the following conditions are met: 

(a) the Indemnitee has determined, in good faith, that the course of conduct that caused the loss or liability was in the best interest of the
Company and the Operating Partnership; 
 (b) the Indemnitee was acting on behalf of, or performing services for, the Company or the
Operating Partnership; 
 (c) such liability or loss was not the result of negligence or misconduct by the Indemnitee; and 

(d) such indemnification or agreement to hold harmless is recoverable only out of the Company’s net assets and not from the Stockholders.

  
 13 

 Notwithstanding the foregoing, an Indemnitee shall not be indemnified by the Company and the
Operating Partnership for any losses, liabilities or expenses arising from or out of an alleged violation of federal or state securities laws by such Indemnitee 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 as to the Indemnitee; 

(b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the Indemnitee; 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 Securities and Exchange Commission and of the published position of any state securities regulatory
authority in which securities of the Company or the Operating Partnership were offered or sold as to indemnification for violation of securities laws. 

In addition, the advancement of the Company’s or the Operating Partnership’s funds to an Indemnitee for legal expenses and other
costs incurred as a result of any legal action for which indemnification is being sought is 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 or the
Operating Partnership; 
 (b) the legal action is initiated by a third party who is not a Stockholder or the legal action is initiated by a
stockholder acting in such stockholder’s capacity as such and a court of competent jurisdiction specifically approves such advancement; and 

(c) the Indemnitee undertakes to repay the advanced funds to the Company or the Operating Partnership, together with the applicable legal rate
of interest thereon, in cases in which such Indemnitee is found not to be entitled to indemnification. 
 20. INDEMNIFICATION BY ADVISOR.
The Advisor shall indemnify and hold harmless the Company and the Operating Partnership from contract or other liability, claims, damages, taxes or losses and related expenses including attorneys’ fees, to the extent that such liability,
claims, damages, taxes or losses and related expenses are not fully reimbursed by insurance and are incurred by reason of the Advisor’s bad faith, fraud, misfeasance, intentional misconduct, negligence or reckless disregard of its duties;
provided, however, that the Advisor shall not be held responsible for any action of the Board in following or declining to follow any advice or recommendation given by the Advisor. 

21. EXCLUSION OF CERTAIN TRANSACTIONS. In the event the Company or the Operating Partnership shall propose to enter into any
transaction in which a Director or an officer of the Company, and the Advisor, or any Affiliate of the Company, the Operating Partnership or the Advisor has a direct or indirect interest, then such transaction shall be approved by a majority of the
disinterested members of the Board and also by a majority of the Independent Directors. 
 22. NON-SOLICITATION. During the period
commencing on the Effective Date and ending one year following the Termination Date, the Company shall not, without the Advisor’s prior written consent, directly or indirectly (i) solicit or encourage any person to leave the employment or
other service of the Advisor or its Affiliates; or (ii) hire on behalf of the Company or any other person or entity, 

  
 14 

 
any person who has left its employment within the one year period following the termination of that person’s employment the Advisor or its Affiliates. During the period commencing on the
date hereof through and ending one year following the Termination Date, the Company will not, whether for its own account or for the account of any other Person, intentionally interfere with the relationship of the Advisor or its Affiliates with, or
endeavor to entice away from the Advisor or its Affiliates, any person who during the term of the Agreement is, or during the preceding one-year period, was a tenant, co-investor, co-developer, joint venturer or other customer of the Advisor or its
Affiliates. 
 23. THE MVP NAME. The Sponsor, the Advisor and their Affiliates have a proprietary interest in the name
“MVP.” The Advisor hereby grants to the Company a non-transferable, non-assignable, non-exclusive royalty-free right and license to use the name “MVP” during the term of this Agreement. Accordingly, and in recognition of this
right, if at any time the Company ceases to retain the Advisor or an Affiliate thereof to perform the services of Advisor, the Company (including the Operating Partnership) will, promptly after receipt of written request from the Advisor, cease to
conduct business under or use the name “MVP” or any derivative thereof and the Company and the Operating Partnership shall change the name of the Company and the Operating Partnership to a name that does not contain the name
“MVP” or any other word or words that might, in the reasonable discretion of the Advisor, be susceptible of indication of some form of relationship between the Company and the Advisor or any Affiliate thereof. At such time, the Company
will also make any changes to any trademarks, servicemarks or other marks necessary to remove any references to the word “MVP.” Consistent with the foregoing, it is specifically recognized that the Advisor or one or more of its Affiliates
has in the past and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment in real estate) and financial and service organizations having “MVP” as a part of their name,
all without the need for any consent (and without the right to object thereto) by the Company or the Operating Partnership. 
 24.
NOTICES. Any notice, report or other communication required or permitted to be given hereunder shall be in writing unless some other method of giving such notice, report or other communication is required by the Charter, the Bylaws, or accepted
by the Party to whom it is given, and shall be given by being delivered by hand, by facsimile transmission, by courier or overnight carrier or by registered or certified mail to the addresses set forth herein: 

 

			
	To the Board and to the Company:		 MVP REIT II, Inc.
 12730 High Bluff Drive,
#410
 San Diego, California 92130
 Facsimile:
[    ]
 Attention: Michael V. Shustek

		
	with a copy to (which shall not constitute notice):		 Alston & Bird LLP
 1201 West Peachtree
Street NE
 Atlanta, Georgia 30309
 Attention: Rosemarie A.
Thurston

		
	To the Operating Partnership:		 MVP REIT II Operating Partnership, LP
 12730
High Bluff Drive, #410
 San Diego, California 92130
 Facsimile:
[    ]
 Attention: [    ]

  
 15 

			
	To the Advisor:		 MVP Realty Advisors, LLC
 12730 High Bluff
Drive, #410
 San Diego, California 92130
 Facsimile: [__]

Attention: [__]

 Any Party may at any time give notice in writing to the other Parties of a change in its address for the
purposes of this Section 23. 
 25. MODIFICATION. This Agreement shall not be changed, modified, terminated or discharged, in
whole or in part, except by an instrument in writing signed by the Parties hereto or their respective successors or assignees. 
 26.
SEVERABILITY. The provisions of this Agreement are independent of and severable from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be
invalid or unenforceable in whole or in part. 
 27. CONSTRUCTION. The provisions of this Agreement shall be construed and
interpreted in accordance with the laws of the State of Maryland. 
 28. ENTIRE AGREEMENT. This Agreement contains the entire
agreement and understanding among the Parties hereto with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature
whatsoever with respect to the subject matter hereof. The express terms hereof control and supersede any course of performance or usage of the trade inconsistent with any of the terms hereof. This Agreement may not be modified or amended other than
by an agreement in writing. 
 29. INDULGENCES, NOT WAIVERS. Neither the failure nor any delay on the part of a Party to exercise any
right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right,
remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be
effective unless it is in writing and is signed by the Party asserted to have granted such waiver. 
 30. GENDER. Words used herein
regardless of the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural, and any other gender, masculine, feminine or neuter, as the context requires. 

31. TITLES NOT TO AFFECT INTERPRETATION. The titles of Sections and Subsections contained in this Agreement are for convenience only,
and they neither form a part of this Agreement nor are they to be used in the construction or interpretation hereof. 
 32. EXECUTION IN
COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any Party whose signature appears thereon, and all of which shall together constitute one and the same
instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the Parties reflected hereon as the signatories. 

[Signatures on following page.] 

  
 16 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date and year first
above written. 
  

					
	MVP REIT II, Inc.
		
	By:		 
			Michael V. Shustek
			Chief Executive Officer
	
	MVP REIT II Operating Partnership, LP
		
	By:		 MVP REIT II, Inc.,
 its General
Partner

		
	By:		 
			Michael V. Shustek
			Chief Executive Officer
	
	MVP Realty Advisors, LLC
		
	By:		 
			Michael V. Shustek
			Chief Executive Officer

 Signature Page to Advisory Agreement

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