Document:

EX-4.1

 Exhibit 4.1 

COTTONWOOD COMMUNITIES, INC. 

MULTIPLE CLASS PLAN 
 This
MULTIPLE CLASS PLAN (the “Plan”) is adopted by the Board of Directors (the “Board”) of Cottonwood Communities, Inc., a Maryland corporation (the “Company”) pursuant to its charter, as amended and
supplemented from time to time (the “Charter”), to set forth the method by which distributions among classes of Common Stock shall be determined relative to each other. Unless otherwise defined herein, capitalized terms shall have
the same meaning as set forth in the Charter. 
 1. Classes of Common Stock. The Charter authorizes the issuance of five classes of
Common Stock: Class T Common Stock, Class D Common Stock, Class I Common Stock, Class A Common Stock and Class TX Common Stock. 

2. Distribution Fees. In connection with the Company’s offerings of Common Stock, the Company has agreed to pay the Dealer Manager
certain Distribution Fees with respect to its shares of Class T Common Stock and Class D Common Stock. Subject to Financial Industry Regulatory Authority, Inc. limitations on underwriting compensation, the Company will pay the Dealer
Manager Distribution Fees: 
  

	 	(a)	 with respect to the Company’s outstanding Class T Common Stock, equal to 0.85% per annum of the
aggregate net asset value of the Class T Common Stock outstanding, consisting of an advisor distribution fee and a dealer distribution fee; and 

  

	 	(b)	 with respect to the Company’s outstanding Class D Common Stock, equal to 0.25% per annum of the
aggregate net asset value of the Class D Common Stock outstanding. 

 Such Distribution Fees are payable monthly in arrears. The net
asset value of the Class T Common Stock, Class D Common Stock, Class I Common Stock, Class A Common Stock and Class TX Common Stock will be calculated as described in the most recent Valuation Guidelines. The Company does
not pay Distribution Fees with respect to its outstanding Class I Common Stock, Class A Common Stock or Class TX Common Stock. 

3. Allocation of Distribution Fees. The Distribution Fees listed above are allocated to stockholders on a class-specific basis and are
borne by all holders of the applicable class. The Distribution Fees may differ for each class of Common Stock, even when the net asset value per share of each class is the same. As described below, normally, the Company intends that the payment of
the class-specific Distribution Fees by the Company and the allocation of them to stockholders will result in different amounts of distributions being paid with respect to each class of Common Stock. However, if no distributions are authorized for a
certain period, or if they are authorized in an amount less than the allocation of class-specific fees with respect to such period, then pursuant to the Company’s Valuation Guidelines, the class-specific fee allocations may lower the net asset
value of a class of Common Stock. Therefore, as a result of the different ongoing Distribution Fees allocable to each class of Common Stock, each class of Common Stock could have a different net asset value per share. If the net asset value per
share of the Company’s classes of Common Stock are different, then, pursuant to the Company’s Valuation Guidelines, changes to its assets and liabilities that are allocable based on net asset value may also be different for each class.

 4. Distributions. Distributions on Common Stock are made on all classes of Common
Stock at the same time. The per share amount of distributions on Class T Common Stock, Class D Common Stock, Class I Common Stock, Class A Common Stock and Class TX Common Stock differs because of different class-specific
Distribution Fees that are deducted from the gross distributions for each share class. The Company uses the record share method of determining the per share amount of distributions on each class of Common Stock, although the Board may choose other
methods. The record share method is one of several distribution calculation methods for multiple-class funds recommended, but not required, by the American Institute of Certified Public Accountants (AICPA). Under this method, the amount to be
distributed on shares of Common Stock is increased by the sum of all class-specific Distribution Fees accrued for such period. Such amount is divided by the number of shares of Common Stock outstanding on the record date. Such per share amount is
reduced for each class of Common Stock by the per share amount of any class-specific Distribution Fees allocable to such class. 

  
 2Document

Exhibit 10.1
SECOND AMENDMENT TO AMENDED AND RESTATED OFFICE LEASE
This SECOND AMENDMENT TO AMENDED AND RESTATED OFFICE LEASE (this “Amendment”) is dated for reference purposes only as of July 18, 2021, by and between KBSII 445 SOUTH FIGUEROA, LLC, a Delaware limited liability company (“Landlord”), and MUFG UNION BANK, N.A., a national banking association (“Tenant”).
R E C I T A L S:
A.Landlord and Tenant entered into that certain Amended and Restated Office Lease dated as of August 2, 2019 (the “Original Lease”), as amended by that certain First Amendment to Amended and Restated Office Lease dated March 27, 2020 (the “First Amendment”) (the Original Lease, as amended, collectively referred to herein as the “Lease”), pursuant to which Landlord leases to Tenant that certain space as more particularly described in the Lease (the “Premises”) in that certain building located at 445 South Figueroa Street, Los Angeles, California 90071 (the “Building”).
B.Capitalized terms which are used in this Amendment without definition have the meanings given to them in the Lease.
C.Tenant desires to postpone its surrender of a portion of the Second Give-Back Space and that the Lease be appropriately amended.
A G R E E M E NT:
NOW, THEREFORE, in consideration of the foregoing Recitals, the mutual covenants and agreements contained in this Amendment and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:
1.Second Give-Back Space.    Section 1.2.2 of the Original Lease is hereby deleted in its entirety and replaced with the following:
“Tenant shall vacate and surrender: (i) the entire sixteenth (16th) floor portion of the Second Give-Back Space no later than May 31, 2021 (the “Second Give-Back Date”); and (ii) the entire eighth (8th) floor portion of the Second Give-Back Space to Landlord no later than August 31, 2021.  Accordingly, commencing from and after the Second Give-Back Date, the entire sixteenth (16th) floor portion of the Second Give-Back Space shall be deemed surrendered by Tenant to Landlord and the Lease shall be deemed terminated with respect to the entire sixteenth (16th) floor portion of the Second Give-Back Space (except as to those provisions which expressly survive termination of the Existing Lease).  Accordingly, commencing from and after August 31, 2021, the entire eighth (8th) floor portion of the Second Give-Back Space shall be deemed surrendered by Tenant to Landlord and the Lease shall be deemed terminated with respect to the entire eighth (8th) floor portion of the Second Give-Back Space (except as to those provisions which expressly survive termination of the Existing Lease).  From the First Commencement Date until the Second Commencement Date, Tenant shall pay Rent for the Second Give-Back Space in accordance with this Lease.  Notwithstanding anything in the Lease to the contrary, effective as of the Second Commencement Date and continuing until August 31, 2021, no Rent (including, without limitation, Direct Expenses) shall be due for any portion of the Second Give-Back Space.”
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For the avoidance of doubt, Landlord acknowledges and agrees that: (i) as of the date of this Amendment, Tenant has vacated and surrendered the entire sixteenth (16th) floor portion of the Second Give-Back Space in accordance with the Lease, as amended hereby (the “Amended Lease”), and (ii) Tenant shall be permitted to occupy the entire eighth (8th) floor portion of the Second Give-Back Space for an additional three (3) months beyond the Second Give-Back Date, in accordance with the terms of the Amended Lease.  Pursuant to the Lease, reference to the term “Premises” shall be expanded to include all space leased by Tenant from time to time in accordance with the provisions of the Amended Lease.
2.Surrender Condition.    In addition to Tenant’s surrender obligations with respect to the Second Give-Back Space as set forth under the Existing Lease, Tenant shall, at Tenant’s sole cost and expense, remove any and all horizontal phone cabling from the entire eighth (8th) floor portion of the Second Give-Back Space, on or before August 31, 2021.
3.Tenant’s Notice Address:    Section 5 of the Summary to the Original Lease shall be deleted in its entirety and replaced with the following:
															
	“5.		Address of Tenant
(Section 29.19):		MUFG Union Bank, N.A.
c/o CBRE, Inc,
Attention: Jennifer Moser,
Sr. Lease Administration Manager
201 E. Fifth Street
Suite 2200
Cincinnati, OH 45202
					
					With a copy to:
					
					MUFG Union Bank, N.A.
Legal Department
Office of the General Counsel
350 California Street, 7th Floor
San Francisco, CA 94104

					
					With a copy to:
					
					MUFG Union Bank, N.A.
Corporate Real Estate – Managing Director
1101 W. Washington Street, 3rd Floor
Tempe, AZ 85281”

					

4.Brokers.    Landlord and Tenant each hereby represents and warrants to the other that it is not aware of any brokers, agents or finders who may claim a fee or commission in connection with the consummation of the transactions contemplated by this Amendment.  If any claims for brokers’ or finders’ fees in connection with the transactions contemplated by this Amendment arise, Landlord and Tenant agrees to indemnify, protect, hold harmless and defend the other (with counsel reasonably satisfactory to such indemnified party) from and against any such claims if they shall be based upon any statement, representation or agreement made by the indemnifying party.
5.Representations and Warranties.     Tenant hereby represents, warrants, and agrees that, to the best of Tenant’s current, actual knowledge: (1) there exists no breach, default, or event of default by Landlord under the Lease, or any event or condition which, with notice or passage of time or both, would
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constitute a breach, default, or event of default by Landlord under the Lease; (2) the Lease continues to be a legal, valid, and binding agreement and obligation of Tenant; and (3) Tenant has no current offset or defense to its performance or obligations under the Lease.
6.Authority. Each signatory of this Amendment on behalf of Landlord and Tenant respectively represents hereby that he or she has the authority to execute and deliver the same on behalf of the party hereto for which such signatory is acting.
7.Successors and Assigns.     This Amendment shall extend to, be binding upon, and inure to the benefit of, the respective successors and permitted assigns and beneficiaries of the parties hereto.
8.No Other Modification.    Landlord and Tenant agree that except as otherwise specifically modified in this Amendment, the Lease has not been modified, supplemented, amended, or otherwise changed in any way and the Lease remains in full force and effect between the parties, hereto as modified by this Amendment.  To the extent of any inconsistency between the terms and conditions of the Lease and the terms and conditions of this Amendment, the terms and conditions of this Amendment shall apply and govern the parties.  This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which, together, shall constitute one and the same Amendment.  For purposes of this Amendment, signatures by facsimile or electronic PDF shall be binding to the same extent as original signatures.
[NO FURTHER TEXT ON THIS PAGE; SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth above.
									
	TENANT:
			
	MUFG UNION BANK, N.A.,
a national banking association
			
	By:	/s/ Brian Boudreau
Name: Brian Boudreau
Title: Director

			
	LANDLORD:
			
	KBSII 445 SOUTH FIGUEROA, LLC,
a Delaware limited liability company
			
	By:	KBS Capital Advisors, LLC, a
Delaware limited liability company,
its authorized agent
			
		By:	/s/ Tim Helgeson
Name: Tim Helgeson
Its: Senior Vice President
6/21/21

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