Document:

exv10w1

Exhibit 10.1

FORM OF SELECTED DEALER AGREEMENT

WITH CAREY FINANCIAL, LLC

	 	 	 	 	 	 	 

	To:

	 	 
	 	 
	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	RE:	 	CORPORATE
PROPERTY ASSOCIATES 17 — GLOBAL INCORPORATED

Ladies and Gentlemen:

          Carey Financial, LLC (the “Dealer Manager”) entered into a dealer manager agreement, dated as
of ____________, 2011
(the “Dealer Manager Agreement”), with Corporate Property
Associates 17 — Global Incorporated, a Maryland corporation (the “Company”), under which the Dealer Manager agreed
to use its reasonable best efforts to solicit subscriptions in connection with the follow-on public
offering (the “Offering”) for its shares of common stock, $.001 par value per share, of which
amount: (i) up to 100,000,000 shares for a purchase price of $10.00 per share (subject in certain
circumstances to discounts based upon the volume of shares purchased and for certain categories of
purchasers) (the “Primary Shares”), and (ii) up to 50,000,000 shares for a purchase price of $9.50
per share (the “DRIP Shares” and, together with the Primary Shares, the “Shares”) commencing on the
initial Effective Date (as defined below). Notwithstanding the foregoing, the Company has reserved
the right to reallocate the Shares between Primary Shares and the DRIP Shares. Unless otherwise
defined herein, capitalized terms used herein shall have the respective meanings therefor as in the
Dealer Manager Agreement.

          In connection with the performance of the Dealer Manager’s obligations under Section 3 of the
Dealer Manager Agreement, the Dealer Manager is authorized to retain the services of securities
dealers (the “Selected Dealers”) who are members of the Financial Industry Regulatory Authority
(“FINRA”) to solicit subscriptions for Shares in connection with the Offering. You are hereby
invited to become a Selected Dealer and, as such, to use your reasonable best efforts to solicit
subscribers for Shares, in accordance with the following terms and conditions of this selected
dealer agreement (this “Agreement”):

	1.	 	Registration Statement.

	 	(a)	 	Registration Statement and Prospectus. A registration statement on Form S-11
(File No. 333-170225), including a preliminary prospectus, has been prepared by the
Company and was filed with the Securities and Exchange Commission (the “Commission”) on
October 29, 2010, in accordance with the applicable requirements of the Securities Act
of 1933, as amended (the “Securities Act”), and the applicable rules and regulations of
the Commission promulgated thereunder (the “Securities Act Rules and Regulations”) for
the registration of the Offering. The Company has prepared and filed such amendments
thereto and such amended prospectus as may have been required to the date hereof, and
will file such additional amendments and supplements thereto as may hereafter be
required. The registration statement on Form S-11 and the prospectus contained
therein, as finally amended at the date the registration statement is declared
effective by the Commission (the “Effective Date”) are respectively hereinafter
referred to as the “Registration Statement” and the “Prospectus”, except that:

	 	(i)	 	if the Company files a post-effective amendment to such
registration statement, then the term “Registration Statement” shall, from and
after the declaration of the effectiveness of such post-effective amendment by
the Commission, refer to such registration statement as
amended by such post-effective amendment, and the term “Prospectus” shall
refer to the amended prospectus then on file with the Commission; and

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Selected Dealer Agreement

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Exhibit 10.1

	 	(ii)	 	if the prospectus filed by the Company pursuant to either Rule
424(b) or 424(c) of the Securities Act Rules and Regulations shall differ from
the prospectus on file at the time the Registration Statement or the most
recent post-effective amendment thereto, if any, shall have become effective,
then the term “Prospectus” shall refer to such prospectus filed pursuant to
either Rule 424(b) or 424(c), as the case may be, from and after the date on
which it shall have been filed.

As used herein, the terms “Registration Statement”, “preliminary Prospectus” and
“Prospectus” shall include the documents, if any, incorporated by reference therein.
As used herein, the term “Effective Date” also shall refer to the effective date of
each post-effective amendment to the Registration Statement, unless the context
otherwise requires.

	2.	 	Compliance with Applicable Rules and Regulations; License and Association Membership.
	 
	 	 	Upon the effectiveness of this Agreement, the undersigned dealer will become one of the
“Selected Dealers” referred to in the Dealer Manager Agreement and is referred to herein as
“Selected Dealer”. Selected Dealer agrees that solicitation and other activities by it
hereunder shall comply with, and shall be undertaken only in accordance with, the terms of
the Dealer Manager Agreement, the terms of this Agreement, the Securities Act, the
Securities Act Rules and Regulations, the Securities Exchange Act of 1934, as amended (the
“Exchange Act”) and the applicable rules and regulations promulgated thereunder (the
“Exchange Act Rules and Regulations”), the Blue Sky Survey (as defined below), the FINRA
Rules (including, without limitation, NASD Conduct Rules 2340, 2420, 2730, 2740, 2750 and
FINRA Rule 2310), and the provisions of Article III.C. of the Statement of Policy Regarding
Real Estate Investment Trusts of the North American Securities Administrators Association,
Inc., as revised and amended on May 7, 2007 and as may be further revised and amended (the
“NASAA Guidelines”).
	 
	 	 	Selected Dealer’s acceptance of this Agreement constitutes a representation to the Company
and to the Dealer Manager that Selected Dealer is a properly registered or licensed
broker-dealer, duly authorized to sell Shares under federal and state securities laws and
regulations in all states where it offers or sells Shares, and that it is a member in good
standing of FINRA. Selected Dealer represents and warrants that it is currently licensed as
a broker-dealer in the jurisdictions identified on Schedule I to this Agreement and that its
independent contractors and registered representatives have the appropriate licenses to
offer and sell the Shares in such jurisdictions.
	 
	 	 	This Agreement shall automatically terminate with no further action by either party if
Selected Dealer ceases to be a member in good standing of FINRA or with the securities
commission of the state in which Selected Dealer’s principal office is located. Selected
Dealer agrees to notify the Dealer Manager immediately if Selected Dealer ceases to be a
member in good standing of FINRA or with the securities commission of any state in which
Selected Dealer is currently registered or licensed.
	 
	3.	 	Limitation of Offer; Investor Suitability.

	 	(a)	 	Investor Suitability. Selected Dealer will offer Shares only:

	 	(i)	 	to persons that meet the financial qualifications set forth in
the Prospectus or in any suitability letter or memorandum sent to it by the
Company or the Dealer Manager, and
	 
	 	(ii)	 	in accordance with Section 8, to persons in the jurisdictions
in which it is advised in writing by the Company or the Dealer Manager that the
Shares are qualified for sale or that qualification is not required (the “Blue
Sky Survey”).

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Selected Dealer Agreement

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Exhibit 10.1

	 	 	 	Notwithstanding the qualification of Shares for sale in any respective jurisdiction
(or exemption therefrom), Selected Dealer will not offer Shares and will not permit
any of its registered representatives to offer Shares in any jurisdiction unless
both Selected Dealer and such registered representative are duly licensed to
transact securities business in such jurisdiction. In offering Shares, Selected
Dealer shall comply with the provisions of the FINRA Rules, as well as other
applicable rules and regulations relating to suitability of investors, including,
but not limited to, the provisions of Section III.C. of the NASAA Guidelines.
	 
	 	 	 	In offering the sale of Shares to any person, Selected Dealer will have reasonable
grounds to believe (based on such information obtained from the investor concerning
the investor’s age, investment objectives, other investments, financial situation,
needs or any other information known by Selected Dealer after due inquiry) that:
(A) such person is in a financial position appropriate to enable such person to
realize to a significant extent the benefits described in the Prospectus, including
the tax benefits where they are a significant aspect of the Company; (B) the
investor has a fair market net worth sufficient to sustain the risks inherent in the
program, including loss of investment and lack of liquidity; (C) the purchase of the
Shares is otherwise suitable for such person; and (D) such person has either: (1) a
minimum annual gross income of $70,000 and a minimum net worth (exclusive of home,
home furnishings and automobiles) of $70,000; or (2) a minimum net worth (determined
with the foregoing exclusions) of $250,000 and meets the higher suitability
standards, if applicable, imposed by the state in which the investment by such
investor is made. Selected Dealer further will use its best efforts to determine the
suitability and appropriateness of an investment in the Shares of each proposed
investor solicited by a person associated with Selected Dealer by reviewing
documents and records disclosing the basis upon which the determination as to
suitability was reached as to each proposed investor, whether such documents and
records relate to accounts which have been closed, accounts which are currently
maintained or accounts hereinafter established. In making the determinations as to
financial qualifications and as to suitability required by the NASAA Guidelines,
Selected Dealer may rely on (x) representations from investment advisers who are not
affiliated with Selected Dealer, banks acting as trustees or fiduciaries, and (y)
information it has obtained from a prospective investor, including such information
as the investment objectives, other investments, financial situation and needs of
the person or any other information known by Selected Dealer after due inquiry.
	 
	 	 	 	Notwithstanding the foregoing, Selected Dealer shall not execute any transaction
with the Company in a discretionary account without prior written approval of the
transaction by the customer.
	 
	 	(b)	 	Maintenance of Records. Selected Dealer shall maintain, for at least six years
or for a period of time not less than that required in order to comply with all
applicable federal, state and other regulatory requirements, whichever is later, a
record of the information obtained to determine that an investor meets the suitability
standards imposed on the offer and sale of the Shares (both at the time of the initial
subscription and at the time of any additional subscriptions) and a representation of
the investor that the investor is investing for the investor’s own account or, in lieu
of such representation, information indicating that the investor for whose account the
investment was made met the suitability standards. Selected Dealer may satisfy its
obligation by contractually requiring such information to be maintained by the
investment advisers or banks discussed above. Selected Dealer further agrees to comply
with the record keeping requirements of the Exchange Act, including, but not limited
to, Rules 17a-3 and 17a-4 promulgated under the Exchange Act. Selected Dealer agrees
to make such documents and records available to the Dealer Manager and the Company upon
request, and representatives of the Commission, FINRA

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Exhibit 10.1

	 	 	 	and applicable state securities administrators upon Selected Dealer’s receipt of an appropriate document
subpoena or other appropriate request for documents from any such agency.

	4.	 	Delivery of Prospectus and Approved Sales Literature.

	 	(a)	 	Delivery of Prospectus and Approved Sales Literature. Selected Dealer will:

	 	(i)	 	deliver a Prospectus, as then supplemented or amended, to each
person who subscribes for Shares at least five business days prior to the
tender of such person’s subscription agreement (the “Subscription Agreement”);
	 
	 	(ii)	 	promptly comply with the written request of any person for a
copy of the Prospectus, as then supplemented or amended, during the period
between the initial Effective Date and the termination of the Offering;
	 
	 	(iii)	 	deliver to any person, in accordance with applicable law or as
prescribed by any state securities administrator, a copy of any prescribed
document included within or incorporated by reference in the Registration
Statement and any supplements thereto during the course of the Offering;
	 
	 	(iv)	 	not use any sales materials in connection with the solicitation
of purchasers of the Shares except Approved Sales Literature;
	 
	 	(v)	 	to the extent the Company provides Approved Sales Literature,
not use such materials unless accompanied or preceded by the Prospectus, as
then currently in effect, and as may be supplemented in the future; and
	 
	 	(vi)	 	not give or provide any information or make any representation
or warranty other than information or representations contained in the
Prospectus or the Approved Sales Literature. Selected Dealer will not publish,
circulate or otherwise use any other advertisement or solicitation material in
connection with the Offering without the Dealer Manager’s express prior written
approval.

	 	(b)	 	Agency is Not Created. Nothing contained in this Agreement shall be deemed or
construed to make Selected Dealer an employee, agent, representative or partner of the
Dealer Manager or the Company, and Selected Dealer is not authorized to act for the
Dealer Manager or the Company.
	 
	 	(c)	 	Documents Must Be Accompanied or Preceded by a Prospectus. Selected Dealer
will not send or provide supplements to the Prospectus or any Approved Sales Literature
to any investor unless it has previously sent or provided a Prospectus and all
supplements thereto to that investor or has simultaneously sent or provided a
Prospectus and all supplements thereto with such Prospectus supplement or Approved
Sales Literature.
	 
	 	(d)	 	Broker-Dealer Use Only Material. Selected Dealer will not show to or provide
any investor or reproduce any material or writing which is supplied to it by the Dealer
Manager and marked “broker-dealer use only” or otherwise bearing a legend denoting that
it is not to be used in connection with the offer or sale of Shares to members of the
public.
	 
	 	(e)	 	Copies of Prospectuses and Approved Sales Literature. The Dealer Manager will
supply Selected Dealer with reasonable quantities of the Prospectus (including any
supplements thereto), as well as any Approved Sales Literature, for delivery to
investors.

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Exhibit 10.1

	 	(f)	 	Prospectus Delivery Requirement. Selected Dealer shall furnish a copy of any
revised preliminary Prospectus to each person to whom it has furnished a copy of any
previous preliminary Prospectus, and further agrees that it will mail or otherwise
deliver all preliminary and final Prospectuses required for compliance with the
provisions of Rule 15c2-8 under the Exchange Act.

	5.	 	Submission of Orders; Right to Reject Orders.

	 	(a)	 	Minimum Investment. Subject to certain individual state requirements and
except for shares issued pursuant to the DRIP, Shares may be sold only to investors who
initially purchase a minimum of 200 Shares for $2,000, subject to certain state
requirements as described in the Prospectus. With respect to Selected Dealer’s
participation in any resales or transfers of the Shares, Selected Dealer agrees to
comply with any applicable requirements set forth in Section 2 and to fulfill the
obligations pursuant to FINRA Rule 2310.
	 
	 	(b)	 	No Escrow Agreement. Payments for Shares shall be made by checks payable to
“Corporate Property Associates 17 — Global Incorporated.”
	 
	 	 	 	Selected Dealer shall forward original checks together with an original Subscription
Agreement, executed and initialed by the subscriber as provided for in the
Subscription Agreement, to Corporate Property Associates 17 — Global Incorporated,
c/o Phoenix American Financial Services Inc., at the address provided in the
Subscription Agreement.
	 
	 	(c)	 	Acceptance and Confirmation. All orders, whether initial or additional, are
subject to acceptance by and shall become effective upon confirmation by the Company or
the Dealer Manager, each of which reserve the right to reject any order in their sole
discretion for any or no reason. Orders not accompanied by the required instrument of
payment for Shares may be rejected. Issuance and delivery of a Share will be made only
after a sale of a Share is deemed by the Company to be completed in accordance with
Section 3(c) of the Dealer Manager Agreement.
	 
	 	 	 	If an order is rejected, cancelled or rescinded for any reason, then Selected Dealer
will return to the Dealer Manager any selling commissions or dealer manager fees
theretofore paid with respect to such order, and, if Selected Dealer fails to so
return any such selling commissions, the Dealer Manager shall have the right to
offset amounts owned against future commissions or dealer manager fees due and
otherwise payable to Selected Dealer (it being understood and agreed that such right
to offset shall not be in limitation of any other rights or remedies that the Dealer
Manager may have in connection with such failure).

	6.	 	Selected Dealer Compensation.

	 	(a)	 	Selling Commissions. Subject to the terms and conditions set forth herein and
in the Dealer Manager Agreement and, subject to the volume discounts and other special
circumstances described in the “The Offering/Plan of Distribution” section of the
Prospectus, the Dealer Manager shall pay to Selected Dealer a selling commission of
6.5% of the gross proceeds from the Shares sold by it and accepted and confirmed by the
Company. For purposes of this Section 6(a), Shares are “sold” only if an executed
Subscription Agreement is accepted by the Company and the Company has thereafter
distributed the commission to the Dealer Manager in connection with such transaction.
	 
	 	(b)	 	DRIP Sales. Selected Dealer acknowledges and agrees that no selling
commissions will be paid for sales of DRIP Shares.

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Exhibit 10.1

	 	(c)	 	Dealer Manager’s Authority to Issue Confirmation. Notwithstanding the
foregoing, it is understood and agreed that no commission shall be payable with respect
to particular Shares if the Dealer Manager or the Company rejects a proposed
subscriber’s Subscription Agreement. Accordingly, Selected Dealer shall have no
authority to issue a confirmation (pursuant to Exchange Act Rule 10b-10) to any
subscriber; such authority residing solely in the Dealer Manager, as the Dealer Manager
and processing broker-dealer.
	 
	 	(d)	 	Reallowance of Dealer Manager Fee. The Dealer Manager may, in its sole
discretion, re-allow a portion of the Dealer Manager Fee received by it to Selected
Dealer as a marketing support fee if the Selected Dealer has executed an addendum to
this Agreement, which is attached hereto as Schedule II.
	 
	 	 	 	The Dealer Manager may, in its sole discretion, request the Company to reimburse, to
Selected Dealer for reasonable accountable bona fide due diligence expenses,
provided such expenses have actually been incurred, are supported by detailed and
itemized invoices provided to the Company and the Company had theretofore given its
prior written approval of incurrence of such expenses.
	 
	 	(e)	 	Marketing Expenses. Certain marketing expenses such as Selected Dealer
conferences may be advanced to Selected Dealer and later deducted from the portion of
the Dealer Manager Fee re-allowed to that Selected Dealer. If the Offering is not
consummated, Selected Dealer will repay any such advance to the extent not expended on
marketing expenses. Any such advance shall be deducted from the maximum amount of the
Dealer Manager Fee that may otherwise be re-allowable to Selected Dealer.
	 
	 	 	 	Notwithstanding anything herein to the contrary, Selected Dealer will not be
entitled to receive any Dealer Manager Fee which would cause the aggregate amount of
selling commissions, dealer manager fees and other forms of underwriting
compensation (as defined in accordance with applicable FINRA rules) received by the
Dealer Manager and all Selected Dealers to exceed 10.0% of the gross proceeds raised
from the sale of Shares in the Offering.
	 
	 	(f)	 	Limitations on Dealer Manager’s Liability for Commissions. The Company will
not be liable or responsible to any Selected Dealer for the payment of any selling
commissions or any reallowance of fees to Selected Dealer, it being the sole and
exclusive responsibility of the Dealer Manager for the payment of selling commissions
or any reallowance to Selected Dealer.
	 
	 	 	 	Selected Dealer acknowledges and agrees that the Dealer Manager’s liability for
commissions (including the marketing support fee, if any) payable to Selected Dealer
is limited solely to commissions received and the portion of the Dealer Manager fee
which represents the marketing support fee received by the Dealer Manager from the
Company in connection with Selected Dealer’s sale of Shares.

	7.	 	Reserved Shares. The number of Shares, if any, to be reserved for sale by each Selected
Dealer may be decided by the mutual agreement, from time to time, of the Dealer Manager and
the Company. The Dealer Manager reserves the right to notify Selected Dealer by United States
mail or by other means of the number of Shares reserved for sale by Selected Dealer, if any.
Such Shares will be reserved for sale by Selected Dealer until the time specified in the
Dealer Manager’s notification to Selected Dealer. Sales of any reserved Shares after the time
specified in the notification to Selected Dealer or any requests for additional Shares will be
subject to rejection in whole or in part.

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Selected Dealer Agreement

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Exhibit 10.1

	8.	 	Blue Sky Qualification.

	 	(a)	 	Notice of Blue Sky Qualification. The Dealer Manager will inform Selected
Dealer as to the jurisdictions in which the Dealer Manager has been advised by the
Company that the Shares have been qualified for sale or are exempt under the respective
securities or “blue sky” laws of such jurisdictions, but the Dealer Manager has not
assumed and will not assume any obligation or responsibility as to Selected Dealer’s
right to act as a broker and/or dealer with respect to the Shares in any such
jurisdiction. Selected Dealer agrees that Selected Dealer will not make any offers or
sell any Shares except in states in which the Dealer Manager may advise Selected Dealer
that the Offering has been qualified or is exempt and in which Selected Dealer is
legally qualified to make offers and further agrees to assure that each person to whom
Selected Dealer sells Shares (at both the time of the initial purchase as well as at
the time of any subsequent purchases) meets any special suitability standards which
apply to sales in a particular jurisdiction, as described in the Blue Sky Survey and
the Subscription Agreement.
	 
	 	 	 	Neither the Dealer Manager nor the Company assume any obligation or responsibility
in respect of the qualification of the Shares covered by the Prospectus under the
laws of any jurisdiction or Selected Dealer’s qualification to act as a broker
and/or dealer with respect to the Shares in any jurisdiction. The Blue Sky Survey
which has been or will be furnished to Selected Dealer indicates the jurisdictions
in which it is believed that the offer and sale of Shares covered by the Prospectus
is exempt from, or requires action under, the applicable blue sky or securities laws
thereof, and what action, if any, has been taken with respect thereto.
	 
	 	(b)	 	Selected Dealer’s Compliance Obligation. It is understood and agreed that
under no circumstances will Selected Dealer, as a Selected Dealer, engage in any
activities hereunder in any jurisdiction in which Selected Dealer may not lawfully so
engage or in any activities in any jurisdiction with respect to the Shares in which
Selected Dealer may lawfully so engage unless Selected Dealer have complied with the
provisions hereof.

	9.	 	Dealer Manager’s Authority. Subject to the Dealer Manager Agreement, the Dealer Manager shall
have full authority to take such action as it may deem advisable with respect to all matters
pertaining to the Offering or arising thereunder. The Dealer Manager shall not be under any
liability to Selected Dealer (except for (i) its own lack of good faith and (ii) for
obligations expressly assumed by us hereunder) for or in respect of the validity or value of
or title to, the Shares; the form of, or the statements contained in, or the validity of, the
Registration Statement, the Prospectus or any amendment or supplement thereto, or any other
instrument executed by the Company or by others; the form or validity of the Dealer Manager
Agreement or this Agreement; the delivery of the Shares; the performance by the Company or by
others of any agreement on its or their part; the qualification of the Shares for sale under
the laws of any jurisdiction; or any matter in connection with any of the foregoing; provided,
however, that nothing in this paragraph shall be deemed to relieve the Company or the Dealer
Manager from any liability imposed by the Securities Act. No obligations or liability on the
part of the Company or the Dealer Manager shall be implied or inferred herefrom.
	 
	10.	 	Indemnification.

	 	(a)	 	Incorporation of Indemnification Obligations Under the Dealer Manager
Agreement. Under the Dealer Manager Agreement, the Company has agreed to indemnify
Selected Dealer and the Dealer Manager and each person, if any, who controls Selected
Dealer or the Dealer Manager, in certain instances and against certain liabilities,
including liabilities under the Securities Act in certain circumstances. Selected
Dealer hereby agrees to indemnify the Company and each person who controls it as
provided in the Dealer Manager Agreement and to indemnify the Dealer

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Exhibit 10.1

	 	 	 	Manager to the extent and in the manner that Selected Dealer agrees to indemnify the
Company in the Dealer Manager Agreement.
	 
	 	(b)	 	Selected Dealer’s Hold Harmless Obligation. In furtherance of, and not in
limitation of the foregoing, Selected Dealer will indemnify, defend and hold harmless
the Dealer Manager and the Company, and their officers, directors, employees, members,
partners, affiliates, agents and representatives, and each person, if any, who controls
such entity within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act, and each person who has signed the Registration Statement (“Indemnified
Parties”), from and against any losses, claims, damages or liabilities to which any of
the Indemnified Parties, and each person who signed the Registration Statement, may
become subject, under the Securities Act or the Exchange Act, or otherwise, insofar as
such losses, claims and expenses (including the reasonable legal and other expenses
incurred in investigating and defending any such claims or liabilities), damages or
liabilities (or actions in respect thereof) arise out of or are based upon:

	 	(i)	 	in whole or in part, any material inaccuracy in the
representations or warranties contained in this Agreement or any material
breach of a covenant contained herein by Selected Dealer;
	 
	 	(ii)	 	any untrue statement or any alleged untrue statement of a
material fact contained in any Registration Statement or any post-effective
amendment thereto or in the Prospectus or any amendment or supplement to the
Prospectus; or in any Approved Sales Literature; or any blue sky application or
other document executed by the Company or on its behalf specifically for the
purpose of qualifying any or all of the Shares for sale under the securities
laws of any jurisdiction or based upon written information furnished by the
Company under the securities laws thereof;
	 
	 	(iii)	 	the omission or alleged omission to state a material fact
required to be stated in the Registration Statement or any post-effective
amendment thereof to make the statements therein not misleading or the omission
or alleged omission to state a material fact required to be stated in the
Prospectus or any amendment or supplement to the Prospectus to make the
statements therein, in light of the circumstances under which they were made,
not misleading, provided, however, that in each case described in clauses (ii)
and (iii) to the extent, but only to the extent, that such untrue statement or
omission was made in reliance upon and in conformity with written information
furnished to the Company or the Dealer Manager by Selected Dealer specifically
for use with reference to Selected Dealer in the preparation of the
Registration Statement or any such post-effective amendments thereof or the
Prospectus or any such amendment thereof or supplement thereto;
	 
	 	(iv)	 	any use of sales literature, including “broker dealer use only”
materials, by Selected Dealer that is not Approved Sales Literature;
	 
	 	(v)	 	any untrue statement made by Selected Dealer or Selected
Dealer’s representatives or agents or omission by Selected Dealer or Selected
Dealer’s representatives or agents to state a fact necessary in order to make
the statements made, in light of the circumstances under which they were made,
not misleading in connection with the offer and sale of the Shares in each
case, other than statements or omissions made in conformity with the
Registration Statement, Prospectus, Approved Sales Literature or any other
materials or information furnished by or on behalf of the Company; or

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Exhibit 10.1

	 	(vi)	 	any failure by Selected Dealer to comply with applicable laws
governing money laundry abatement and anti-terrorist financing efforts in
connection with the Offering, including applicable FINRA Rules, Exchange Act
Rules and Regulations and the USA PATRIOT Act.

	 	 	 	Selected Dealer will reimburse the aforesaid parties for any reasonable legal or
other expenses incurred in connection with investigation or defense of such loss,
claim, damage, liability or action. This indemnity agreement will be in addition to
any liability which Selected Dealer may otherwise have.
	 
	 	(c)	 	Notice of Claim. Promptly after receipt by any indemnified party under this
Section 10 of notice of the commencement of any action, such indemnified party will, if
a claim in respect thereof is to be made against any indemnifying party under this
Section 10, promptly notify the indemnifying party of the commencement thereof;
provided, however, the failure to give such notice shall not relieve the indemnifying
party of its obligations hereunder except to the extent it shall have been prejudiced
by such failure.
	 
	 	 	 	In case any such action is brought against any indemnified party, and it notifies an
indemnifying party of the commencement thereof, the indemnifying party will be
entitled, to the extent it may wish, jointly with any other indemnifying party
similarly notified, to participate in the defense thereof, with separate counsel.
Such participation shall not relieve such indemnifying party of the obligation to
reimburse the indemnified party for reasonable legal and other expenses incurred by
such indemnified party in defending itself, except for such expenses incurred after
the indemnifying party has deposited funds sufficient to effect the settlement, with
prejudice, of, and unconditional release of all liabilities from, the claim in
respect of which indemnity is sought. Any such indemnifying party shall not be
liable to any such indemnified party on account of any settlement of any claim or
action effected without the consent of such indemnifying party, such consent not to
be unreasonably withheld or delayed.
	 
	 	(d)	 	Reimbursement. An indemnifying party under Section 10 of this
Agreement shall be obligated to reimburse an indemnified party for reasonable legal and
other expenses as follows: the indemnifying party shall pay all legal fees and expenses
reasonably incurred by the indemnified party in the defense of such claims or actions;
provided, however, that the indemnifying party shall not be obligated to pay legal
expenses and fees to more than one law firm in connection with the defense of similar
claims arising out of the same alleged acts or omissions giving rise to such claims
notwithstanding that such actions or claims are alleged or brought by one or more
parties against more than one indemnified party.
	 
	 	 	 	If such claims or actions are alleged or brought against more than one indemnified
party, then the indemnifying party shall only be obliged to reimburse the expenses
and fees of the one law firm (in addition to local counsel) that has been
participating by a majority of the indemnified parties against which such action is
finally brought; and in the event a majority of such indemnified parties is unable
to agree on which law firm for which expenses or fees will be reimbursable by the
indemnifying party, then payment shall be made to the first law firm of record
representing an indemnified party against the action or claim. Such law firm shall
be paid only to the extent of services performed by such law firm and no
reimbursement shall be payable to such law firm on account of legal services
performed by another law firm.

	11.	 	Contribution. If the indemnification provided for in Section 10 hereof is for any reason
unavailable to or insufficient to hold harmless an indemnified party in respect of any losses,
liabilities, claims, damages or

Carey Financial, LLC

Selected Dealer Agreement

9

 

Exhibit 10.1

	 	 	expenses referred to therein, the contributions provisions set forth in Section 8 of the
Dealer Manager Agreement shall be applicable.
	 
	12.	 	Company as Party to Agreement. The Company shall be a third party beneficiary of Selected
Dealer’s representations, warranties, covenants and agreements contained in Sections 10 and
11. The Company shall have all enforcement rights in law and in equity with respect to those
portions of this Agreement as to which it is third party beneficiary.
	 
	13.	 	Privacy Laws; Compliance.

	 	(a)	 	Selected Dealer agrees to:

	 	(i)	 	abide by and comply with (A) the privacy standards and
requirements of the Gramm-Leach-Bliley Act of 1999 (the “GLB Act”); B) the
privacy standards and requirements of any other applicable federal or state
law; and (C) Selected Dealer’s own internal privacy policies and procedures,
each as may be amended from time to time;
	 
	 	(ii)	 	refrain from the use or disclosure of nonpublic personal
information (as defined under the GLB Act) of all customers, except as
necessary to service the customers or as otherwise necessary or required by
applicable law; and
	 
	 	(iii)	 	determine which customers have opted out of the disclosure of
nonpublic personal information by periodically reviewing and, if necessary,
retrieving an aggregated list of such customers (the “List”) as provided by
each to identify customers that have exercised their opt-out rights.

	 	 	 	If either party uses or discloses nonpublic personal information of any customer for
purposes other than servicing the customer, or as otherwise required by applicable
law, that party will consult the List to determine whether the affected customer has
exercised his or her opt-out rights. Each party understands that it is prohibited
from using or disclosing any nonpublic personal information of any customer that is
identified on the List as having opted out of such disclosures.

	14.	 	Anti-Money Laundering Compliance Programs. Selected Dealer represents to the Dealer Manager
and to the Company that it has established and implemented an anti-money laundering compliance
program (“AML Program”) in accordance with Section 352 of the USA PATRIOT Act of 2001 (the
“PATRIOT Act”) and FINRA Rule 3310, that complies with applicable anti-money laundering laws
and regulations, including, but not limited to, the customer identification program
requirements of Section 326 of the PATRIOT Act, and the suspicious activity reporting
requirements of Section 356 of the PATRIOT Act, and the laws, regulations and Executive Orders
administered by the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of
Treasury (collectively, “AML/OFAC Laws”). The Selected Dealer hereby covenants to remain in
compliance with the AML/OFAC Laws and shall, upon request by the Dealer Manager and/or the
Company, provide a certification to the Dealer Manager and/or the Company that, as of the date
of such certification, its AML Program is compliant with the AML/OFAC Laws.
	 
	 	 	Upon request by the Dealer Manager and/or the Company at any time, Selected Dealer will (i)
furnish a written copy of its AML Program, or a summary of its AML Program, to the Dealer
Manager and/or the Company for review, and (ii) furnish any information that the Dealer
Manager and/or the Company may request to satisfy applicable AML/OFAC laws.

Carey Financial, LLC

Selected Dealer Agreement

10

 

Exhibit 10.1

	15.	 	Miscellaneous.

	 	(a)	 	Ratification of Dealer Manager Agreement. Selected Dealer hereby authorizes
and ratifies the execution and delivery of the Dealer Manager Agreement by the Dealer
Manager as Dealer Manager for itself and on behalf of all Selected Dealers (including
Selected Dealer party hereto) and authorizes the Dealer Manager to agree to any
variation of its terms or provisions and to execute and deliver any amendment,
modification or supplement thereto. Selected Dealer hereby agrees to be bound by all
provisions of the Dealer Manager Agreement relating to Selected Dealers. Selected
Dealer also authorizes the Dealer Manager to exercise, in the Dealer Manager’s
discretion, all the authority or discretion now or hereafter vested in the Dealer
Manager by the provisions of the Dealer Manager Agreement and to take all such actions
as the Dealer Manager may believe desirable in order to carry out the provisions of the
Dealer Manager Agreement and of this Agreement.
	 
	 	(b)	 	Termination. This Agreement, except for the provisions of Sections 9 (Dealer
Manager’s Authority), 10 (Indemnification), 11 (Contribution), 12 (Company as Party to
Agreement), 13 (Privacy Laws; Compliance) and this Section 15 (Miscellaneous), may be
terminated at any time by either party hereto by two days’ prior written notice to the
other party and, in all events, this Agreement shall terminate on the termination date
of the Dealer Manager Agreement, except for the provisions of Sections 9, 10, 11, 12,
13 and this Section 15.
	 
	 	(c)	 	Communications. Any communications from Selected Dealer should be in writing
addressed to the Dealer Manager at:
	 
	 	 	 	Carey Financial, LLC

50 Rockefeller Plaza

New York, New York 10020

Facsimile No.: (212) 492-8922

Attention: Richard J. Paley
	 
	 	 	 	with a copy to:
	 
	 	 	 	Kunzman & Bollinger, Inc.

5100 N. Brookline Avenue, Suite 600

Oklahoma City, Oklahoma 73112

Facsimile No: (405) 942-3501

Attention: Wallace W. Kunzman, Jr.
	 
	 	 	 	Any notice from the Dealer Manager to Selected Dealer shall be deemed to have been
duly given if mailed, communicated by electronic delivery or facsimile or delivered
by overnight courier to Selected Dealer at Selected Dealer’s address shown below.
	 
	 	(d)	 	No Partnership. Nothing herein contained shall constitute the Dealer Manger,
Selected Dealer, the other Selected Dealers or any of them as an association,
partnership, limited liability company, unincorporated business or other separate
entity.
	 
	 	(e)	 	Notice of Registration Statement Effectiveness. If this Agreement is executed
before the initial Effective Date, then the Dealer Manager will notify Selected Dealer
in writing when the initial Effective Date has occurred. Selected Dealer agrees that
Selected Dealer will not make any offers to sell the Shares or solicit purchasers for
the Shares until Selected Dealer has received such written notice of the initial
Effective Date from the Dealer Manager or the Company. This Agreement shall be
effective for all sales by Selected Dealer on and after the initial Effective Date.

Carey Financial, LLC

Selected Dealer Agreement

11

 

Exhibit 10.1

	 	(f)	 	Transfer Agent. The Company may authorize its transfer agent to provide
information to the Dealer Manager and Selected Dealer regarding record holder
information about the clients of Selected Dealer who have invested with the Company on
an on-going basis for so long as Selected Dealer has a relationship with such client.
Selected Dealer shall not disclose any password for a restricted website or portion of
a website provided to Selected Dealer in connection with the Offering and shall not
disclose to any person, other than an officer, director, employee or agent of Selected
Dealer, any material downloaded from such restricted website or portion of a restricted
website.
	 
	 	(g)	 	Assignment. Selected Dealer shall have no right to assign this Agreement or
any of its rights hereunder or to delegate any of its obligations. Any purported
assignment or delegation by Selected Dealer shall be null and void. The Dealer Manager
shall have the right to assign any or all of its rights and obligations under this
Agreement by written notice, and Selected Dealer shall be deemed to have consented to
such assignment by execution hereof. Dealer Manager shall provide written notice of
any such assignment to Selected Dealer.
	 
	 	(h)	 	Counterparts. This Agreement may be executed (including by facsimile
transmission) with counterpart signature pages or in counterpart copies, each of which
shall be deemed an original but all of which together shall constitute one and the same
instrument comprising this Agreement.
	 
	 	(i)	 	Invalidity. The invalidity or unenforceability of any provision of this
Agreement shall not affect the other provisions hereof, and this Agreement shall be
construed in all respects as if such invalid or unenforceable provision were omitted.
	 
	 	(j)	 	Strict Performance. The failure of any party to insist upon or enforce strict
performance by any other party of any provision of this Agreement or to exercise any
right under this Agreement shall not be construed as a waiver or relinquishment to any
extent of such party’s right to assert or rely upon any such provision or right in that
or any other instance; rather, such provision or right shall be and remain in full
force and effect.

If the foregoing is in accordance with Selected Dealer’s understanding and agreement, please sign
and return the attached duplicate of this Agreement. Selected Dealer’s indicated acceptance thereof
shall constitute a binding agreement between Selected Dealer and the Dealer Manager.

	 	 	 	 	 

	 	 	DEALER MANAGER:
	 
	 	 	 	 
	 	 	CAREY FINANCIAL, LLC
	 
	 	 	 	 
	 

	 	By:
	 	 
	 	 	 	 	 
	 

	 	Name:	 	 
	 	 	 	 	 
	 

	 	Title:	 	 
	 	 	 	 	 

Carey Financial, LLC

Selected Dealer Agreement

12

 

Exhibit 10.1

The undersigned dealer confirms its agreement to act as a Selected Dealer pursuant to all the terms
and conditions of the above Selected Dealer Agreement and the attached Dealer Manager Agreement.
The undersigned dealer hereby represents that it will comply with the applicable requirements of
the Securities Act and the Exchange Act and the published rules and regulations of the Commission
thereunder, and applicable blue sky or other state securities laws. The undersigned dealer
represents and warrants that the undersigned dealer is duly registered as a broker-dealer under the
provisions of the Exchange Act and the Exchange Act Rules and Regulations or is exempt from such
registration. The undersigned dealer confirms that it and each salesperson acting on its behalf
are members in good standing of FINRA and duly licensed by each regulatory authority in each
jurisdiction in which the undersigned dealer or such salesperson will offer and sell Shares, or are
exempt from registration with such authorities. The undersigned dealer hereby represents that it
will comply with the Rules of FINRA and all rules and regulations promulgated by FINRA.

	 	 	 	 	 	 	 	 	 

	Dated:                          , 2011

	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	Name of Selected Dealer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	Federal Identification Number	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	Authorized Signatory	 	 

Kindly have checks representing commissions forwarded as follows (if different than above): (Please
type or print)

	 	 	 

	Name of Firm:
	 	 
	 	 	 
	 
	 	 
	Address:
	 	 
	 	 	 
	 

	 	Street
	 
	 	 
	 	 	 
	 

	 	City
	 
	 	 
	 	 	 
	 

	 	State and Zip Code
	 
	 	 
	 	 	 
	 

	 	(Area Code) Telephone No.
	 
	 	 
	Attention:
	 	 
	 	 	 

Carey Financial, LLC

Selected Dealer Agreement

13

 

Exhibit 10.1

SCHEDULE I

TO

SELECTED DEALER AGREEMENT WITH

CAREY FINANCIAL, LLC

Selected Dealer represents and warrants that it is currently licensed as a broker-dealer in the
following jurisdictions:

	 	 	 	 	 	 	 

	o

	 	Alabama
	 	o
	 	Nebraska
	 
	 	 	 	 	 	 
	o

	 	Alaska
	 	o
	 	Nevada
	 
	 	 	 	 	 	 
	o

	 	Arizona
	 	o
	 	New Hampshire
	 
	 	 	 	 	 	 
	o

	 	Arkansas
	 	o
	 	New Jersey
	 
	 	 	 	 	 	 
	o

	 	California
	 	o
	 	New Mexico
	 
	 	 	 	 	 	 
	o

	 	Colorado
	 	o
	 	New York
	 
	 	 	 	 	 	 
	o

	 	Connecticut
	 	o
	 	North Carolina
	 
	 	 	 	 	 	 
	o

	 	Delaware
	 	o
	 	North Dakota
	 
	 	 	 	 	 	 
	o

	 	District of Columbia
	 	o
	 	Ohio
	 
	 	 	 	 	 	 
	o

	 	Florida
	 	o
	 	Oklahoma
	 
	 	 	 	 	 	 
	o

	 	Georgia
	 	o
	 	Oregon
	 
	 	 	 	 	 	 
	o

	 	Hawaii
	 	o
	 	Pennsylvania
	 
	 	 	 	 	 	 
	o

	 	Idaho
	 	o
	 	Puerto Rico
	 
	 	 	 	 	 	 
	o

	 	Illinois
	 	o
	 	Rhode Island
	 
	 	 	 	 	 	 
	o

	 	Indiana
	 	o
	 	South Carolina
	 
	 	 	 	 	 	 
	o

	 	Iowa
	 	o
	 	South Dakota
	 
	 	 	 	 	 	 
	o

	 	Kansas
	 	o
	 	Tennessee
	 
	 	 	 	 	 	 
	o

	 	Kentucky
	 	o
	 	Texas
	 
	 	 	 	 	 	 
	o

	 	Louisiana
	 	o
	 	Utah
	 
	 	 	 	 	 	 
	o

	 	Maine
	 	o
	 	Vermont
	 
	 	 	 	 	 	 
	o

	 	Maryland
	 	o
	 	Virgin Islands
	 
	 	 	 	 	 	 
	o

	 	Massachusetts
	 	o
	 	Virginia
	 
	 	 	 	 	 	 
	o

	 	Michigan
	 	o
	 	Washington
	 
	 	 	 	 	 	 
	o

	 	Minnesota
	 	o
	 	West Virginia
	 
	 	 	 	 	 	 
	o

	 	Mississippi
	 	o
	 	Wisconsin
	 
	 	 	 	 	 	 
	o

	 	Missouri
	 	o
	 	Wyoming
	 
	 	 	 	 	 	 
	o

	 	Montana	 	 	 	 

Carey Financial, LLC

Selected Dealer Agreement

14

 

Exhibit 10.1

SCHEDULE II

TO

CORPORATE PROPERTY ASSOCIATES 17 — GLOBAL INCORPORATED

ADDENDUM TO SELECTED DEALER AGREEMENT

          The following reflects the marketing support fee as agreed upon between Carey Financial, LLC
(the “Dealer Manager”) and the Selected Dealer, effective [_______], 2011.

          Each calendar year, the Selected Dealer may qualify to receive a fee (the “Marketing
Support Fee”), of up to $0.10 per share in connection with sales of Corporate Property
Associates 17 — Global Incorporated’s (the “Company”) common stock by the Selected Dealer.

          Eligibility to receive the Selected Dealer Fee is conditioned upon the Selected Dealer
reaching a prescribed minimum annual sales volume of shares of the Company’s common stock and the
Selected Dealer’s compliance with one or more of the following conditions. Any determination
regarding the Selected Dealer’s compliance with the listed conditions will be made by the Dealer
Manager, in its sole discretion.

	1.	 	The Selected Dealer has internal marketing and support personnel (telemarketers, marketing
director, etc.) who assist the Dealer Manager’s marketing team;
	 
	2.	 	The Selected Dealer has and uses internal marketing communications vehicle(s) to promote the
Company. Vehicles may include, but are not restricted to, newsletters, conference calls,
internal mail, etc.;
	 
	3.	 	The Selected Dealer will respond to investors’ inquiries concerning monthly statements,
valuations, distribution rates, tax information, annual reports, reinvestment and redemption
rights and procedures, the financial status of the Company and the real estate markets in
which the Company has invested;
	 
	4.	 	The Selected Dealer will assist investors with reinvestments and redemptions; and/or
	 
	5.	 	The Selected Dealer will provide other services requested by investors from time to time and
will maintain the technology necessary to adequately service investors.
	 
	 	 	IN WITNESS WHEREOF, the parties have executed this Addendum on the date and year shown above.

	 	 	 	 	 	 	 	 	 

	SELECTED DEALER:	 	 	 	DEALER MANAGER:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	CAREY FINANCIAL, LLC
	 	 	 	 	 	 	 
	(Name of Selected Dealer)	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	Name:
	 

	 	Title:
	 	 	 	 	 	Title:

Carey Financial, LLC

Selected Dealer Agreement

15exv10w2

Exhibit 10.2

CAREY FINANCIAL, LLC

FORM OF DEALER MANAGER AGREEMENT

_____________________, 2011

Carey Financial, LLC

50 Rockefeller Plaza

New York, New York 10020

	 	 	 	 	 

	 

	 	RE:
	 	CORPORATE PROPERTY ASSOCIATES 17 — GLOBAL INCORPORATED

Ladies and Gentlemen:

          Corporate Property Associates 17 — Global Incorporated (the “Company”) is a Maryland
corporation that is taxed as a real estate investment trust (a “REIT”) for federal income tax
purposes. The Company proposes to offer in a follow on offering (a) up to 100,000,000 shares of
common stock, $.001 par value per share (the “Shares”), for a purchase price of $10.00 per Share
(subject in certain circumstances to discounts based upon the volume of shares purchased and for
certain categories of purchasers), in the primary offering (the “Primary Offering”), and (b) up to
50,000,000 Shares for a purchase price of $9.50 per Share for issuance through the Company’s
distribution reinvestment program (the “DRIP” and together with the Primary Offering, the
“Offering”), all upon the other terms and subject to the conditions set forth in the Prospectus (as
defined in Section 1(a)). The Company has reserved the right to reallocate the Shares offered in
the Offering between the DRIP and the Primary Offering.

          Upon the terms and subject to the conditions contained in this Dealer Manager Agreement (this
“Agreement”), the Company hereby appoints Carey Financial, LLC, a Delaware limited liability
company (the “Dealer Manager”), to act as the exclusive dealer manager for the Offering, and the
Dealer Manager desires to accept such engagement.

	1.	 	Representations And Warranties Of The Company. The Company hereby represents, warrants and
agrees during the term of this Agreement as follows:

	 	(a)	 	Registration Statement and Prospectus. In connection with the Offering, the
Company has prepared and filed with the Securities and Exchange Commission (the
“Commission”) a registration statement (File No. 333-170225) on Form S-11 for the
registration of the Shares under the Securities Act of 1933, as amended (the
“Securities Act”), and the rules and regulations of the Commission promulgated
thereunder (the “Securities Act Rules and Regulations”); one or more amendments to such
registration statement have been or may be so prepared and filed. The registration
statement on Form S-11 and the prospectus contained therein, as finally amended at the
date the registration statement is declared effective by the Commission (the “Effective
Date”) are respectively hereinafter referred to as the “Registration Statement” and the
“Prospectus”, except that:

	 	(i)	 	if the Company files a post-effective amendment to such
registration statement, then the term “Registration Statement” shall, from and
after the declaration of the effectiveness of
such post-effective amendment by the Commission, refer to such registration
statement as amended by such post-effective amendment, and the term
“Prospectus” shall refer to the amended prospectus then on file with the
Commission; and

1

 

Exhibit 10.2

	 	(ii)	 	if the prospectus filed by the Company pursuant to either Rule
424(b) or 424(c) of the Securities Act Rules and Regulations shall differ from
the prospectus on file at the time the Registration Statement or the most
recent post-effective amendment thereto, if any, shall have become effective,
then the term “Prospectus” shall refer to such prospectus filed pursuant to
either Rule 424(b) or 424(c), as the case may be, from and after the date on
which it shall have been filed. As used herein, the terms “Registration
Statement”, “preliminary Prospectus” and “Prospectus” shall include the
documents, if any, incorporated by reference therein.
	 
	 	(iii)	 	the documents incorporated or deemed to be incorporated by
reference in the Prospectus, at the time they are hereafter filed with the
Commission, will comply in all material respects with the requirements of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules
and regulations promulgated thereunder (the “Exchange Act Rules and
Regulations”), and, when read together with the other information in the
Prospectus, at the time the Registration Statement became effective and as of
the applicable Effective Date of each post-effective amendment to the
Registration Statement, did not and will not include an untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading.

	 	 	 	As used herein, the term “Effective Date” also shall refer to the effective date of
each post-effective amendment to the Registration Statement, unless the context
otherwise requires.
	 
	 	 	 	Further, if a separate prospectus is filed and becomes effective with respect solely
to the DRIP (a “DRIP Prospectus”), the term “Prospectus” shall refer to such DRIP
Prospectus from and after the declaration of effectiveness of such DRIP Prospectus.

	 	(b)	 	Compliance With the Securities Act. During the term of this Agreement:

	 	(i)	 	the Registration Statement, the Prospectus and any amendments
or supplements thereto have complied, and will comply, in all material respects
with the Securities Act, the Securities Act Rules and Regulations, the
requirements of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and the rules and regulations promulgated thereunder (the “Exchange Act
Rules and Regulations”); and
	 
	 	(ii)	 	the Registration Statement does not, and any amendment thereto
will not, in each case as of the applicable Effective Date, include any untrue
statement of material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading and the Prospectus
does not, and any amendment or supplement thereto will not, as of the
applicable filing date, include any untrue statement of a material fact or omit
to state any material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they are
made, not misleading; provided, however, that the foregoing provisions of this
Section 1(b) will not extend to any statements contained in or omitted from the
Registration Statement or the Prospectus that are based upon written
information furnished to the Company by the Dealer Manager expressly for use in
the Registration Statement or Prospectus.

	 	(c)	 	Securities Matters. There has not been:

2

 

Exhibit 10.2

	 	(i)	 	any request by the Commission for any further amendment to the
Registration Statement or the Prospectus or for any additional information;
	 
	 	(ii)	 	any issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement or the institution or, to the
Company’s knowledge, threat of any proceeding for that purpose; or
	 
	 	(iii)	 	any notification with respect to the suspension of the
qualification of the Shares for sale in any jurisdiction or any initiation or,
to the Company’s knowledge, threat of any proceeding for such purpose.

	 	 	 	The Company is in compliance in all material respects with all federal and state
securities laws, rules and regulations applicable to it and its activities,
including, without limitation, with respect to the Offering and the sale of the
Shares.
	 
	 	(d)	 	Corporate Status and Good Standing. The Company is a corporation duly
organized and validly existing under the laws of the State of Maryland and is in good
standing with the State Department of Assessments and Taxation of Maryland, with all
requisite power and authority to enter into this Agreement and to carry out its
obligations hereunder.
	 
	 	(e)	 	Authorization of Agreement. This Agreement is duly and validly authorized,
executed and delivered by or on behalf of the Company and constitutes a valid and
binding agreement of the Company enforceable in accordance with its terms, except as
such enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws of the United States, any state or any political
subdivision thereof which affect creditors’ rights generally or by equitable principles
relating to the availability of remedies or except to the extent that the
enforceability of the indemnity and contribution provisions contained in this Agreement
may be limited under applicable securities laws.
	 
	 	 	 	The execution and delivery of this Agreement and the performance of this Agreement,
the consummation of the transactions contemplated herein and the fulfillment of the
terms hereof, do not and will not conflict with, or result in a breach of any of the
terms and provisions of, or constitute a default under:

	 	(i)	 	the Company’s or any of its subsidiaries’ charter, bylaws, or
other organizational documents, as the case may be;
	 
	 	(ii)	 	any indenture, mortgage, deed of trust, voting trust agreement,
note, lease or other agreement or instrument to which the Company or any of its
subsidiaries is a party or by which the Company or any of its subsidiaries or
any of their properties is bound except, for purposes of this clause (ii) only,
for such conflicts, breaches or defaults that do not result in and could not
reasonably be expected to result in, individually or in the aggregate, a
Company MAE (as defined below in this Section 1(e)); or
	 
	 	(iii)	 	any statute, rule or regulation or order of any court or other
governmental agency or body having jurisdiction over the Company, any of its
subsidiaries or any of their properties.

	 	 	 	No consent, approval, authorization or order of any court or other governmental
agency or body has been or is required for the performance of this Agreement or for
the consummation by the
Company of any of the transactions contemplated hereby (except as have been obtained
under the

3

 

Exhibit 10.2

	 	 	 	Securities Act, the Exchange Act, from the Financial Industry Regulatory
Authority (“FINRA”) or as may be required under state securities or applicable blue
sky laws in connection with the offer and sale of the Shares or under the laws of
states in which the Company may own real properties in connection with its
qualification to transact business in such states or as may be required by
subsequent events which may occur). Neither the Company nor any of its subsidiaries
is in violation of its charter, bylaws or other organizational documents, as the
case may be.
	 
	 	 	 	As used in this Agreement, “Company MAE” means any event, circumstance,
occurrence, fact, condition, change or effect, individually or in the aggregate,
that is, or could reasonably be expected to be, materially adverse to (A) the
condition, financial or otherwise, earnings, business affairs or business prospects
of the Company and its subsidiaries considered as one enterprise, or (B) the ability
of the Company to perform its obligations under this Agreement or the validity or
enforceability of this Agreement or the Shares.
	 
	 	(f)	 	Actions or Proceedings. As of the initial Effective Date, there are no
actions, suits or proceedings against, or investigations of, the Company or its
subsidiaries pending or, to the knowledge of the Company, threatened, before any court,
arbitrator, administrative agency or other tribunal:

	 	(i)	 	asserting the invalidity of this Agreement;
	 
	 	(ii)	 	seeking to prevent the issuance of the Shares or the
consummation of any of the transactions contemplated by this Agreement;
	 
	 	(iii)	 	that might materially and adversely affect the performance by
the Company of its obligations under or the validity or enforceability of, this
Agreement or the Shares;
	 
	 	(iv)	 	that might result in a Company MAE, or
	 
	 	(v)	 	seeking to affect adversely the federal income tax attributes
of the Shares except as described in the Prospectus.

	 	 	 	The Company promptly will give notice to the Dealer Manager of the occurrence of any
action, suit, proceeding or investigation of the type referred to above arising or
occurring on or after the initial Effective Date.
	 
	 	(g)	 	Hazardous Materials. The Company does not have any knowledge of:

	 	(i)	 	the unlawful presence of any hazardous substances, hazardous
materials, toxic substances or waste materials (collectively, “Hazardous
Materials”) on any of the properties owned by it or its subsidiaries or subject
to mortgage loans owned by the Company or any of its subsidiaries; or
	 
	 	(ii)	 	any unlawful spills, releases, discharges or disposal of
Hazardous Materials that have occurred or are presently occurring off such
properties as a result of any construction on or operation and use of such
properties, which presence or occurrence in the case of clauses (i) and (ii)
would result in, individually or in the aggregate, a Company MAE.

	 	 	 	In connection with the properties owned by the Company and its subsidiaries or
subject to mortgage loans owned by the Company or any of its subsidiaries, the
Company has no knowledge

4

 

Exhibit 10.2

	 	 	 	of any material failure to comply with all applicable local, state and federal
environmental laws, regulations, ordinances and administrative and judicial orders
relating to the generation, recycling, reuse, sale, storage, handling, transport and
disposal of any Hazardous Materials.
	 
	 	(h)	 	Sales Literature. Any supplemental sales literature or advertisement
(including, without limitation any “broker-dealer use only” material), regardless of
how labeled or described, used in addition to the Prospectus in connection with the
Offering which previously has been, or hereafter is, furnished or approved by the
Company (collectively, “Approved Sales Literature”), shall, to the extent required, be
filed with and approved by the appropriate securities agencies and bodies, provided
that the Dealer Manager will make all FINRA filings, to the extent required. Any and
all Approved Sales Literature, when used in connection with the Prospectus, did not or
will not at the time provided for use include any untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not
misleading.
	 
	 	(i)	 	Authorization of Shares. The Shares have been duly authorized and, upon
payment therefor as provided in this Agreement and the Prospectus, will be validly
issued, fully paid and nonassessable and will conform to the description thereof
contained in the Prospectus.
	 
	 	(j)	 	Taxes. Any taxes, fees and other governmental charges in connection with the
execution and delivery of this Agreement or the execution, delivery and sale of the
Shares have been or will be paid when due.
	 
	 	(k)	 	Investment Company. The Company is not, and neither the offer or sale of the
Shares nor any of the activities of the Company will cause the Company to be, an
“investment company” or under the control of an “investment company” as such terms are
defined in the Investment Company Act of 1940, as amended.
	 
	 	(l)	 	Tax Returns. The Company has filed or will file all material federal, state
and foreign income tax returns required to be filed by or on behalf of the Company on
or before the due dates therefor (taking into account all extensions of time to file)
and has paid or provided for the payment of all such material taxes, except those being
contested in good faith, indicated by such tax returns and all assessments received by
the Company to the extent that such taxes or assessments have become due.
	 
	 	(m)	 	REIT Qualifications. The Company has made a timely election to be subject to
tax as a REIT pursuant to Sections 856 through 860 of the Internal Revenue Code of
1986, as amended (the “Code”) for its taxable year ended December 31, 2007 and has not
revoked such election. The Company has been organized and operated in conformity with
the requirements for qualification and taxation as a REIT. The Company’s current and
proposed method of operation as described in the Registration Statement and the
Prospectus will enable it to continue to meet the requirements for qualification and
taxation as a REIT under the Code.
	 
	 	(n)	 	Independent Registered Public Accounting Firm. The accountants who have
certified certain financial statements appearing in the Prospectus are an independent
registered public accounting firm within the meaning of the Securities Act and the
Securities Act Rules and Regulations. Such accountants have not been engaged by the
Company to perform any “prohibited activities” (as defined in Section 10A of the
Exchange Act).

5

 

Exhibit 10.2

	 	(o)	 	Preparation of the Financial Statements. The financial statements filed with
the Commission as a part of the Registration Statement and included in the Prospectus
present fairly the consolidated
financial position of the Company and its subsidiaries as of and at the dates
indicated and the results of their operations and cash flows for the periods
specified. Such financial statements have been prepared in conformity with
generally accepted accounting principles as applied in the United States applied on
a consistent basis throughout the periods involved, except as may be expressly
stated in the related notes thereto. No other financial statements or supporting
schedules are required to be included in the Registration Statement or any
applicable Prospectus.
	 
	 	(p)	 	Material Adverse Change. Since the respective dates as of which information is
given in the Registration Statement and the Prospectus, except as may otherwise be
stated therein or contemplated thereby, there has not occurred a Company MAE, whether
or not arising in the ordinary course of business.
	 
	 	(q)	 	Government Permits. The Company and its subsidiaries possess such
certificates, authorities or permits issued by the appropriate state, federal or
foreign regulatory agencies or bodies necessary to conduct the business now operated by
them, other than those the failure to possess or own would not have, individually or in
the aggregate, a Company MAE. Neither the Company nor any of its subsidiaries has
received any notice of proceedings relating to the revocation or modification of any
such certificate, authority or permit which, individually or in the aggregate, if the
subject of an unfavorable decision, ruling or finding, would result in a Company MAE.
	 
	 	(r)	 	Properties. Except as otherwise disclosed in the Prospectus and except as
would not result in, individually or in the aggregate, a Company MAE:

	 	(i)	 	all properties and assets described in the Prospectus are owned
with good and marketable title by the Company and its subsidiaries; and
	 
	 	(ii)	 	all liens, charges, encumbrances, claims or restrictions on or
affecting any of the properties and assets of any of the Company or its
subsidiaries which are required to be disclosed in the Prospectus are disclosed
therein.

	2.	 	Representations and Warranties of the Dealer Manager. The Dealer Manager represents and
warrants to the Company during the term of this Agreement that:

	 	(a)	 	Organization Status. The Dealer Manager is a limited liability company duly
organized, validly existing and in good standing under the laws of the State of
Delaware, with all requisite power and authority to enter into this Agreement and to
carry out its obligations hereunder.
	 
	 	(b)	 	Authorization of Agreement. This Agreement has been duly authorized, executed
and delivered by the Dealer Manager, and assuming due authorization, execution and
delivery of this Agreement by the Company, will constitute a valid and legally binding
agreement of the Dealer Manager enforceable against the Dealer Manager in accordance
with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency or similar laws affecting the enforcement of creditors’ rights generally or
by equitable principles relating to enforceability and except that rights to indemnity
and contribution hereunder may be limited by applicable law and public policy.
	 
	 	(c)	 	Absence of Conflict or Default. The execution and delivery of this Agreement,
the consummation of the transactions herein contemplated and compliance with the terms
of this Agreement by the Dealer Manager will not conflict with or constitute a default
under:

6

 

Exhibit 10.2

	 	(i)	 	its organizational documents;
	 
	 	(ii)	 	any indenture, mortgage, deed of trust or lease to which the
Dealer Manager is a party or by which it may be bound, or to which any of the
property or assets of the Dealer Manager is subject; or
	 
	 	(iii)	 	any rule, regulation, writ, injunction or decree of any
government, governmental instrumentality or court, domestic or foreign, having
jurisdiction over the Dealer Manager or its assets, properties or operations,
except in the case of clause (ii) or (iii) for such conflicts or defaults that
would not individually or in the aggregate have a material adverse effect on
the condition (financial or otherwise), business, properties or results of
operations of the Dealer Manager.

	 	(d)	 	Broker-Dealer Registration; FINRA Membership. The Dealer Manager is, and
during the term of this Agreement will be, duly registered as a broker-dealer pursuant
to the provisions of the Exchange Act, a member in good standing of FINRA, and a broker
or dealer duly registered as such in those states where the Dealer Manager is required
to be registered in order to carry out the Offering as contemplated by this Agreement.
Moreover, the Dealer Manager’s employees and representatives have all required licenses
and registrations to act under this Agreement. There is no provision in the Dealer
Manager’s FINRA membership agreement that would restrict the ability of the Dealer
Manager to carry out the Offering as contemplated by this Agreement.

	3.	 	Offering and Sale of the Shares. Upon the terms and subject to the conditions set forth in
this Agreement, the Company hereby appoints the Dealer Manager as its agent and distributor to
solicit and to retain the Selected Dealers (as defined in Section 3(a)) to solicit
subscriptions for the Shares at the subscription price to be paid in cash. The Dealer Manager
hereby accepts such agency and exclusive distributorship and agrees to use its reasonable best
efforts to sell or cause to be sold the Shares in such quantities and to such persons in
accordance with such terms as are set forth in this Agreement, the Prospectus and the
Registration Statement.
	 
	 	 	The Dealer Manager shall do so during the period commencing on the initial Effective Date
and ending on the earliest to occur of the following: (1) the later of (x) two years after
the initial Effective Date of the Registration Statement and (y) at the Company’s election,
the date on which the Company is permitted to extend the Offering in accordance with the
rules of the Commission; (2) the acceptance by the Company of subscriptions for 150,000,000
Shares; (3) the termination of the Offering by the Company, which the Company shall have the
right to terminate in its sole and absolute discretion at any time; (4) the termination of
the effectiveness of the Registration Statement; and (5) the liquidation or dissolution of
the Company (such period being the “Offering Period”).
	 
	 	 	The number of Shares, if any, to be reserved for sale by each Selected Dealer may be
determined by mutual agreement, from time to time, by the Dealer Manager and the Company.
In the absence of such determination, the Company shall, subject to the provisions of
Section 3(b), accept Subscription Agreements based upon a first-come, first accepted
reservation or other similar method. Under no circumstances will the Dealer Manager be
obligated to underwrite or purchase any Shares for its own account and, in soliciting
purchases of Shares, the Dealer Manager shall act solely as the Company’s agent and not as
an underwriter or principal.

	 	(a)	 	Selected Dealers. The Shares offered and sold through the Dealer Manager under
this Agreement shall be offered and sold only by the Dealer Manager and other
securities dealers the Dealer Manager may retain (collectively the “Selected Dealers”);
provided, however, that:

7

 

Exhibit 10.2

	 	(i)	 	the Dealer Manager reasonably believes that all Selected
Dealers are registered with the Commission, members of FINRA and are duly
licensed or registered by the regulatory authorities in the jurisdictions in
which they will offer and sell Shares; and
	 
	 	(ii)	 	all such engagements are evidenced by written agreements, the
terms and conditions of which substantially conform to the form of Selected
Dealer Agreement substantially in the form of Exhibit A hereto (the “Selected
Dealer Agreement”).

	 	(b)	 	Subscription Documents. Each person desiring to purchase Shares through the
Dealer Manager, or any other Selected Dealer, will be required to complete and execute
the subscription documents described in the Prospectus.
	 
	 	 	 	Payments for Shares shall be made payable to “Corporate Property Associates 17 -
Global Incorporated” and the Selected Dealer shall forward original checks together
with an original Subscription Agreement, executed and initialed by the subscriber as
provided for in the Subscription Agreement, to Corporate Property Associates 17 -
Global Incorporated, c/o Phoenix American Financial Services Inc., at the address
provided in the Subscription Agreement.
	 
	 	(c)	 	Completed Sale. A sale of a Share shall be deemed by the Company to be
completed for purposes of Section 3(d) if and only if:

	 	(i)	 	the Company or an agent of the Company has received a properly
completed and executed subscription agreement, together with payment of the
full purchase price of each purchased Share, from an investor who satisfies the
applicable suitability standards and minimum purchase requirements set forth in
the Registration Statement as determined by the Selected Dealer or the Dealer
Manager, as applicable, in accordance with the provisions of this Agreement;
	 
	 	(ii)	 	the Company has accepted such subscription; and
	 
	 	(iii)	 	such investor has been admitted as a shareholder of the
Company.

	 	 	 	In addition, no sale of Shares shall be completed until at least five (5) business
days after the date on which the subscriber receives a copy of the Prospectus. The
Dealer Manager hereby acknowledges and agrees that the Company, in its sole and
absolute discretion, may accept or reject any subscription, in whole or in part, for
any reason whatsoever or no reason, and no commission or dealer manager fee will be
paid to the Dealer Manager with respect to that portion of any subscription which is
rejected.
	 
	 	(d)	 	Dealer-Manager Compensation.

	 	(i)	 	Subject to the volume discounts and other special circumstances
described in or otherwise provided in the “Plan of Distribution” section of the
Prospectus or this Section 3(d), the Company agrees to pay the Dealer Manager
selling commissions in the amount of six and a half percent (6.5%) of the
selling price of each Share for which a sale is completed from the Shares
offered in the Primary Offering. The Company will not pay selling commissions
for sales of Shares pursuant to the DRIP, and the Company will pay reduced
selling commissions or may eliminate commissions on certain sales of Shares,
including the reduction or elimination of selling commissions in accordance
with, and on the terms set forth in, the Prospectus. The Dealer Manager will
re-allow all the selling

8

 

Exhibit 10.2

	 	 	 	commissions, subject to federal and state securities
laws, to the Selected Dealer who sold
the Shares, and may re-allow up to 0.5% per share of the Dealer Manager Fee
(as defined below) to the Selected Dealer who sold the Shares, as described
more fully in the Selected Dealer Agreement.
	 
	 	(ii)	 	Subject to the special circumstances described in or otherwise
provided in the “Plan of Distribution” section of the Prospectus or this
Section 3(d), as compensation for acting as the dealer manager, the Company
will pay the Dealer Manager, a dealer manager fee in an amount of up to three
and a half percent (3.5%) of the selling price of each Share for which a sale
is completed from the Shares offered in the Primary Offering (the “Dealer
Manager Fee”). No Dealer Manager Fee will be paid in connection with Shares
sold pursuant to the DRIP.
	 
	 	 	 	The Dealer Manager may retain or re-allow a portion of the Dealer Manager
Fee, subject to federal and state securities laws, to the Selected Dealer
who sold the Shares, as described more fully in the Selected Dealer
Agreement.
	 
	 	(iii)	 	All sales commissions and Dealer Manager fees payable to the
Dealer Manager will be paid at least within ten (10) business days after the
investor subscribing for the Share is admitted as a shareholder of the Company,
in an amount equal to the sales commissions payable with respect to such
Shares.
	 
	 	(iv)	 	In no event shall the total aggregate underwriting compensation
payable to the Dealer Manager and any Selected Dealers participating in the
Offering, including, but not limited to, selling commissions and the Dealer
Manager Fee exceed ten percent (10.0%) of gross offering proceeds from the
Primary Offering in the aggregate.
	 
	 	(v)	 	Notwithstanding anything to the contrary contained herein, if
the Company pays any selling commission to the Dealer Manager for sale by a
Selected Dealer of one or more Shares and the subscription is rescinded as to
one or more of the Shares covered by such subscription, then the Company shall
decrease the next payment of selling commissions or other compensation
otherwise payable to the Dealer Manager by the Company under this Agreement by
an amount equal to the commission rate established in this Section 3(d),
multiplied by the number of Shares as to which the subscription is rescinded.
If no payment of selling commissions or other compensation is due to the Dealer
Manager after such withdrawal occurs, then the Dealer Manager shall pay the
amount specified in the preceding sentence to the Company within a reasonable
period of time not to exceed thirty (30) days following receipt of notice by
the Dealer Manager from the Company stating the amount owed as a result of
rescinded subscriptions.

	 	(e)	 	Reasonable Bona Fide Due Diligence Expenses. In addition to any payments to
the Dealer Manager pursuant to Section 3(d), the Company shall reimburse the Dealer
Manager or any Selected Dealer for reasonable bona fide due diligence expenses incurred
by the Dealer Manager or any Selected Dealer to the extent permitted pursuant to the
rules and regulations of FINRA, provided, however, that no due diligence expenses shall
be reimbursed by the Company pursuant to this Section 3(e) which would cause the
aggregate of all of the Company’s expenses described in Section 3(f) and compensation
paid to the Dealer Manager and any Selected Dealer pursuant to Section 3(d) to exceed
15% of the gross proceeds from the sale of the Shares. Also, the Company shall only
reimburse the Dealer Manager or any Selected Dealer for such approved bona fide due

9

 

Exhibit 10.2

	 	 	 	diligence expenses to the extent such expenses have actually been incurred and are
supported by detailed and itemized invoice(s) provided to the Company.
	 
	 	(f)	 	Company Expenses. Subject to the limitations described above, the Company
agrees to pay all costs and expenses incident to the Offering, whether or not the
transactions contemplated hereunder are consummated or this Agreement is terminated,
including expenses, fees and taxes in connection with:

	 	(i)	 	the registration fee, the preparation and filing of the
Registration Statement (including without limitation financial statements,
exhibits, schedules and consents), the Prospectus, and any amendments or
supplements thereto, and the printing and furnishing of copies of each thereof
to the Dealer Manager and to Selected Dealers (including costs of mailing and
shipment);
	 
	 	(ii)	 	the preparation, issuance and delivery of certificates, if any,
for the Shares, including any stock or other transfer taxes or duties payable
upon the sale of the Shares;
	 
	 	(iii)	 	all fees and expenses of the Company’s legal counsel,
independent public or certified public accountants and other advisors;
	 
	 	(iv)	 	the qualification of the Shares for offering and sale under
state laws in the states that the Company shall designate as appropriate and
the determination of their eligibility for sale under state law as aforesaid
and the printing and furnishing of copies of blue sky surveys;
	 
	 	(v)	 	the filing fees in connection with filing for review by FINRA
of all necessary documents and information relating to the Offering and the
Shares;
	 
	 	(vi)	 	the fees and expenses of any transfer agent or registrar for
the Offered Shares and miscellaneous expenses referred to in the Registration
Statement;
	 
	 	(vii)	 	all costs and expenses incident to the travel and
accommodation of the personnel of Carey Asset Management Corp., advisor to the
Company (the “Advisor”), and the personnel of any sub-advisor designated by the
Advisor and acting on behalf of the Company, in making road show presentations
and presentations to Selected Dealers and other broker-dealers and financial
advisors with respect to the offering of the Shares; and
	 
	 	(viii)	 	the performance of the Company’s other obligations hereunder.

	 	 	Notwithstanding the foregoing, the Company shall not directly pay, or reimburse the Advisor
for, the costs and expenses described in this Section 3(f) if the payment or reimbursement
of such expenses would cause the aggregate of the Company’s “organization and offering
expenses” as defined by FINRA Rule 2310 (including the Company expenses paid or reimbursed
pursuant to this Section 3(f), all items of underwriting compensation including Dealer
Manager expenses described in Section 3(d) and due diligence expenses described in Section
3(e)) to exceed 15.0% of the gross proceeds from the sale of the Shares.
	 
	4.	 	Conditions to the Dealer Manager’s Obligations. The Dealer Manager’s obligations hereunder
shall be subject to the following terms and conditions:

10

 

Exhibit 10.2

	 	(a)	 	The representations and warranties on the part of the Company contained in this
Agreement hereof shall be true and correct in all material respects and the Company
shall have complied with its covenants, agreements and obligations contained in this
Agreement in all material respects;
	 
	 	(b)	 	The Registration Statement shall have become effective and no stop order
suspending the effectiveness of the Registration Statement shall have been issued by
the Commission and, to the
best knowledge of the Company, no proceedings for that purpose shall have been
instituted, threatened or contemplated by the Commission; and any request by the
Commission for additional information (to be included in the Registration Statement
or Prospectus or otherwise) shall have been complied with to the reasonable
satisfaction of the Dealer Manager.

	5.	 	Covenants of the Company. The Company covenants and agrees with the Dealer Manager as
follows:

	 	(a)	 	Registration Statement. The Company will use its best efforts to cause the
Registration Statement and any subsequent amendments thereto to become effective as
promptly as possible and will furnish a copy of any proposed amendment or supplement of
the Registration Statement or the Prospectus to the Dealer Manager.
	 
	 	(b)	 	Commission Orders. If the Commission shall issue any stop order or any other
order preventing or suspending the use of the Prospectus, or shall institute any
proceedings for that purpose, then the Company will promptly notify the Dealer Manager
and use its best efforts to prevent the issuance of any such order and, if any such
order is issued, to use its best efforts to obtain the removal thereof as promptly as
possible.
	 
	 	(c)	 	Blue Sky Qualifications. The Company will use its best efforts to qualify the
Shares for offering and sale under the securities or blue sky laws of such
jurisdictions as the Dealer Manager and the Company shall mutually agree upon and to
make such applications, file such documents and furnish such information as may be
reasonably required for that purpose. The Company will, at the Dealer Manager’s
request, furnish the Dealer Manager with a copy of such papers filed by the Company in
connection with any such qualification. The Company will promptly advise the Dealer
Manager of the issuance by such securities administrators of any stop order preventing
or suspending the use of the Prospectus or of the institution of any proceedings for
that purpose, and will use its best efforts to prevent the issuance of any such order
and if any such order is issued, to use its best efforts to obtain the removal thereof
as promptly as possible. The Company will furnish the Dealer Manager with a Blue Sky
Survey dated as of the initial Effective Date, which will be supplemented to reflect
changes or additions to the information disclosed in such survey.
	 
	 	(d)	 	Amendments and Supplements. If, at any time when a Prospectus relating to the
Shares is required to be delivered under the Securities Act, any event shall have
occurred to the knowledge of the Company, or the Company receives notice from the
Dealer Manager that it believes such an event has occurred, as a result of which the
Prospectus or any Approved Sales Literature as then amended or supplemented would
include any untrue statement of a material fact, or omit to state a material fact
necessary to make the statements therein, in light of the circumstances under which
they were made, not misleading, or if it is necessary at any time to amend the
Registration Statement or supplement the Prospectus relating to the Shares to comply
with the Securities Act, then the Company will promptly notify the Dealer Manager
thereof (unless the information shall have been received from the Dealer Manager) and
will prepare and file with the Commission an amendment or supplement which will correct
such statement or effect such compliance to the extent required, and shall make
available to the Dealer Manager thereof sufficient copies for its own use and/or
distribution to the Selected Dealers.

11

 

Exhibit 10.2

	 	(e)	 	Requests from Commission. The Company will promptly advise the Dealer Manager
of any request made by the Commission or a state securities administrator for amending
the Registration Statement, supplementing the Prospectus or for additional information.
	 
	 	(f)	 	Copies of Registration Statement. The Company will furnish the Dealer Manager
with one signed copy of the Registration Statement, including its exhibits, and such
additional copies of the
Registration Statement, without exhibits, and the Prospectus and all amendments and
supplements thereto, which are finally approved by the Commission, as the Dealer
Manager may reasonably request for sale of the Shares.
	 
	 	(g)	 	Qualification to Transact Business. The Company will take all steps necessary
to ensure that at all times the Company will validly exist as a Maryland corporation
and will be qualified to do business in all jurisdictions in which the conduct of its
business requires such qualification and where such qualification is required under
local law.
	 
	 	(h)	 	Authority to Perform Agreements. The Company undertakes to obtain all consents,
approvals, authorizations or orders of any court or governmental agency or body which
are required for the Company’s performance of this Agreement and under the Bylaws and
the Articles of Amendment and Restatement in the form included as exhibits to the
Registration Statement for the consummation of the transactions contemplated hereby and
thereby, respectively, or the conducting by the Company of the business described in
the Prospectus.
	 
	 	(i)	 	Sales Literature. The Company will furnish to the Dealer Manager as promptly
as shall be practicable upon request any Approved Sales Literature (provided that the
use of said material has been first approved for use to the extent required by all
appropriate regulatory agencies). Any supplemental sales literature or advertisement,
regardless of how labeled or described, used in addition to the Prospectus in
connection with the Offering which is furnished or approved by the Company (including,
without limitation, Approved Sales Literature) shall, to the extent required, be filed
with and, to the extent required, approved by the appropriate securities agencies and
bodies, provided that the Dealer Manager will make all FINRA filings, to the extent
required.
	 
	 	(j)	 	Use of Proceeds. The Company will apply the proceeds from the sale of the
Shares as set forth in the Prospectus.
	 
	 	(k)	 	Customer Information. The Dealer Manager and the Company shall, when
applicable:

	 	(i)	 	abide by and comply with (A) the privacy standards and
requirements of the Gramm-Leach-Bliley Act of 1999 (the “GLB Act”) and
applicable regulations promulgated thereunder, (B) the privacy standards and
requirements of any other applicable federal or state law, including but not
limited to, the Fair Credit Reporting Act (“FCRA”), and (C) its own internal
privacy policies and procedures, each as may be amended from time to time;
	 
	 	(ii)	 	refrain from the use or disclosure of nonpublic personal
information (as defined under the GLB Act) of all customers who have opted out
of such disclosures except as necessary to service the customers or as
otherwise necessary or required by applicable law;
	 
	 	(iii)	 	except as expressly permitted under the FCRA, the Dealer
Manager and the Company shall not disclose any information that would be
considered a “consumer report” under the FCRA; and

12

 

Exhibit 10.2

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

	 	(l)	 	Dealer Manager’s Review of Proposed Amendments and Supplements. Prior to
amending or supplementing the Registration Statement, any preliminary prospectus or the
Prospectus (including any amendment or supplement through incorporation of any report
filed under the Exchange Act), the Company shall furnish to the Dealer Manager for
review, a reasonable amount of time prior to the proposed time of filing or use
thereof, a copy of each such proposed amendment or supplement, and the Company shall
not file or use any such proposed amendment or supplement without the Dealer Manager’s
consent, which consent shall not be unreasonably withheld or delayed.

	6.	 	Covenants of the Dealer Manager. The Dealer Manager covenants and agrees with the Company as
follows:

	 	(a)	 	Compliance With Laws. With respect to the Dealer Manager’s participation and
the participation by each Selected Dealer in the offer and sale of the Shares
(including, without limitation, any resales and transfers of Shares), the Dealer
Manager agrees, and each Selected Dealer in its Selected Dealer Agreement will agree,
to comply in all material respects with all applicable requirements of the Securities
Act, the Securities Act Rules and Regulations, the Exchange Act, the Exchange Act Rules
and Regulations and all other federal regulations applicable to the Offering, the sale
of Shares and with all applicable state securities or blue sky laws, and the Rules of
FINRA applicable to the Offering, from time to time in effect, specifically including,
but not in any way limited to, NASD Conduct Rules 2340, 2420, 2730, 2740, 2750 and
FINRA Rule 2310 therein. The Dealer Manager will not offer the Shares for sale in any
jurisdiction unless and until it has been advised that the Shares are either registered
in accordance with, or exempt from, the securities and other laws applicable thereto.
	 
	 	 	 	In addition, the Dealer Manager shall, in accordance with applicable law or as
prescribed by any state securities administrator, provide, or require in the
Selected Dealer Agreement that the Selected Dealer shall provide, to any prospective
investor copies of any prescribed document which is part of the Registration
Statement and any supplements thereto during the course of the Offering and prior to
the sale. The Company may provide the Dealer Manager with certain Approved Sales
Literature to be used by the Dealer Manager and the Selected Dealers in connection
with the solicitation of purchasers of the Shares. The Dealer Manager agrees not to
deliver the Approved Sales Literature to any person prior to the initial Effective
Date. If the Dealer Manager elects to use such Approved Sales Literature after the
initial Effective Date, then the Dealer Manager agrees that such material shall not
be used by it in connection with the solicitation of purchasers of the Shares and
that it will direct Selected Dealers not to make such use unless accompanied or
preceded by the Prospectus, as then currently in effect, and as it may be amended or
supplemented in the future.

13

 

Exhibit 10.2

	 	 	 	The Dealer Manager agrees that it will not use any Approved Sales Literature other
than those provided to the Dealer Manager by the Company for use in the Offering.
The use of any other sales material is expressly prohibited.
	 
	 	(b)	 	No Additional Information. In offering the Shares for sale, the Dealer Manager
shall not, and each Selected Dealer shall agree not to, give or provide any information
or make any representation other than those contained in the Prospectus or the Approved
Sales Literature.
	 
	 	(c)	 	Sales of Shares. The Dealer Manager shall, and each Selected Dealer shall agree
to, solicit purchases of the Shares only in the jurisdictions in which the Dealer
Manager and such Selected Dealer are legally qualified to so act and in which the
Dealer Manager and each Selected Dealer have been advised by the Company or counsel to
the Company that such solicitations can be made.
	 
	 	(d)	 	Subscription Agreement. The Dealer Manager will comply in all material respects
with the subscription procedures and “The Offering/Plan of Distribution” set forth in
the Prospectus. Subscriptions will be submitted by the Dealer Manager and each
Selected Dealer to the Company only on the form which is included as Annex A to the
Prospectus. The Dealer Manager understands and acknowledges, and each Selected Dealer
shall acknowledge, that the Subscription Agreement must be executed and initialed by
the subscriber as provided for by the Subscription Agreement.
	 
	 	(e)	 	Suitability. The Dealer Manager will offer Shares, and in its agreement with
each Selected Dealer will require that the Selected Dealer offer Shares, only to
persons that it has reasonable grounds to believe meet the financial qualifications set
forth in the Prospectus or in any suitability letter or memorandum sent to it by the
Company and will only make offers to persons in the states in which it is advised in
writing by the Company that the Shares are qualified for sale or that such
qualification is not required. In offering Shares, the Dealer Manager will comply, and
in its agreements with the Selected Dealers, the Dealer Manager will require that the
Selected Dealers comply, with the provisions of all applicable rules and regulations
relating to suitability of investors, including without limitation the FINRA Rules and
the provisions of Article III.C. of the Statement of Policy Regarding Real Estate
Investment Trusts of the North American Securities Administrators Association, Inc., as
revised and amended on May 7, 2007 and as may be further revised and amended (the
“NASAA Guidelines”).
	 
	 	 	 	The Dealer Manager agrees that in recommending the purchase of the Shares in the
Primary Offering to an investor, the Dealer Manager and each person associated with
the Dealer Manager that make such recommendation shall have, and each Selected
Dealer in its Selected Dealer Agreement shall agree with respect to investors to
which it makes a recommendation shall agree that it shall have, reasonable grounds
to believe, on the basis of information obtained from the investor concerning the
investor’s investment objectives, other investments, financial situation and needs,
and any other information known by the Dealer Manager, the person associated with
the Dealer Manager or the Selected Dealer that:

	 	(i)	 	the investor is or will be in a financial position appropriate
to enable the investor to realize to a significant extent the benefits
described in the Prospectus, including the tax benefits where they are a
significant aspect of the Company;
	 
	 	(ii)	 	the investor has a fair market net worth sufficient to sustain
the risks inherent in the program, including loss of investment and lack of
liquidity; and

14

 

Exhibit 10.2

	 	(iii)	 	an investment in the Shares offered in the Primary Offering is
otherwise suitable for the investor.

	 	 	 	The Dealer Manager agrees as to investors to whom it makes a recommendation with
respect to the purchase of the Shares in the Primary Offering (and each Selected
Dealer in its Selected Dealer Agreement shall agree, with respect to Investors to
whom it makes such recommendations) to maintain in the files of the Dealer Manager
(or the Selected Dealer, as applicable) documents disclosing the basis upon which
the determination of suitability was reached as to each investor.
	 
	 	 	 	In making the determinations as to financial qualifications and as to suitability
required by the NASAA Guidelines, the Dealer Manager and Selected Dealers may rely
on (A) representations from investment advisers who are not affiliated with a
Selected Dealer, banks acting as trustees or fiduciaries, and (B) information it has
obtained from a prospective investor, including such information as the investment
objectives, other investments, financial situation and needs of the person or any
other information known by the Dealer Manager (or Selected Dealer, as applicable),
after due inquiry. Notwithstanding the foregoing, the Dealer Manager shall not, and
each Selected Dealer shall agree not to, execute any transaction in the Company in a
discretionary account without prior written approval of the transaction by the
customer.
	 
	 	(f)	 	Selected Dealer Agreements. All engagements of the Selected Dealers will be
evidenced by a Selected Dealer Agreement.
	 
	 	(g)	 	Electronic Delivery. If it intends to use electronic delivery to distribute
the Prospectus to any person, that it will comply with all applicable requirements of
the Commission, the Blue Sky laws and/or FINRA and any other laws or regulations
related to the electronic delivery of documents.
	 
	 	(h)	 	AML Compliance. The Dealer Manager represents to the Company that it has
established and implemented an anti-money laundering compliance program (“AML Program”)
in accordance with Section 352 of the USA PATRIOT Act of 2001 (the “PATRIOT Act”) and
FINRA Rule 3310, that complies with applicable anti-money laundering laws and
regulations, including, but not limited to, the customer identification program
requirements of Section 326 of the PATRIOT Act, and the suspicious activity reporting
requirements of Section 356 of the PATRIOT Act, and the laws, regulations and Executive
Orders administered by the Office of Foreign Assets Control (“OFAC”) of the U.S.
Department of Treasury (collectively, “AML/OFAC Laws”). The Dealer Manager hereby
covenants to remain in compliance with the AML/OFAC Laws and shall, upon request by the
Company, provide a certification to the Company that, as of the date of such
certification, its AML Program is compliant with the AML/OFAC Laws.
	 
	 	(i)	 	Customer Information. The Dealer Manager will use its best efforts to provide
the Company with any and all subscriber information that the Company requests in order
for the Company to satisfy its obligations under the AML/OFAC Laws and comply with the
requirements under Section 5(k) above.
	 
	 	(j)	 	Recordkeeping. The Dealer Manager will comply, and will require each Selected
Dealer to comply, with the record keeping requirements of the Exchange Act, including,
but not limited to, Rules 17a-3 and 17a-4 promulgated under the Exchange Act, and shall
maintain, for at least six years or for a period of time not less than that required in
order to comply with all applicable federal, state and other regulatory requirements,
whichever is later, such records with respect to each investor who purchases Shares,
information used to determine that the investor meets the suitability standards imposed
on the offer and sale of the Shares, the amount of Shares sold, and a

15

 

Exhibit 10.2

	 	 	 	representation of
the investor that the investor is investing for the investor’s own account or, in lieu
of such representation, information indicating that the investor for whose account the
investment was made met the suitability standards.
	 
	 	(k)	 	Suspension or Termination of Offering. The Dealer Manager agrees, and will
require that each of the Selected Dealers agree, to suspend or terminate the offering
and sale of the Shares upon request of the Company at any time and to resume the
offering and sale of the Shares upon subsequent request of the Company.

	7.	 	Indemnification.

	 	(a)	 	Indemnified Parties Defined. For the purposes of this Agreement, an
“Indemnified Party” shall mean a person or entity entitled to indemnification under
Section 7, as well as such person’s or entity’s officers, directors, employees,
members, partners, affiliates, agents and representatives, and each person, if any, who
controls such person or entity within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act.
	 
	 	(b)	 	Indemnification of the Dealer Manager and Selected Dealers. The Company will
indemnify, defend and hold harmless the Dealer Manager and the Selected Dealers, and
their respective Indemnified Parties, from and against any losses, claims, expenses
(including reasonable legal and other expenses incurred in investigating and defending
such claims or liabilities), damages or liabilities, joint or several, to which any
such Selected Dealers or the Dealer Manager, or their respective Indemnified Parties,
may become subject under the Securities Act, the Exchange Act or otherwise, insofar as
such losses, claims, expenses, damages or liabilities (or actions in respect thereof)
arise out of or are based upon:

	 	(i)	 	in whole or in part, any material inaccuracy in a
representation or warranty contained herein by the Company, any material breach
of a covenant contained herein by the Company, or any material failure by the
Company to perform its obligations hereunder or to comply with state or federal
securities laws applicable to the Offering;
	 
	 	(ii)	 	any untrue statement or alleged untrue statement of a material
fact contained (A) in any Registration Statement or any post-effective
amendment thereto or in the Prospectus or any amendment or supplement to the
Prospectus, (B) in any Approved Sales Literature or (C) in any blue sky
application or other document executed by the Company or on its behalf
specifically for the purpose of qualifying any or all of the Offered Shares for
sale under the securities laws of any jurisdiction or based upon written
information furnished by the Company under the securities laws thereof (any
such application, document or information being hereinafter called a “Blue Sky
Application”); or
	 
	 	(iii)	 	the omission or alleged omission to state a material fact
required to be stated in the Registration Statement or any post-effective
amendment thereof to make the statements therein not misleading or the omission
or alleged omission to state a material fact required to be stated in the
Prospectus or any amendment or supplement to the prospectus to make the
statements therein, in light of the circumstances under which they were made,
not misleading.

	 	 	 	The Company will reimburse each Selected Dealer or the Dealer Manager, and their
respective Indemnified Parties, for any reasonable legal or other expenses incurred
by such Selected Dealer or the Dealer Manager, and their respective Indemnified
Parties, in connection with investigating

16

 

Exhibit 10.2

	 	 	 	or defending such loss, claim, expense,
damage, liability or action; provided, however, that the Company will not be liable
in any such case to the extent that any such loss, claim, expense, damage or
liability arises out of, or is based upon an untrue statement or alleged untrue
statement or omission or alleged omission made in reliance upon and in conformity
with written information furnished to the Company by the Dealer Manager expressly
for use in the Registration Statement or any post-effective amendment thereof or the
Prospectus or any such amendment thereof or supplement thereto. This indemnity
agreement will be in addition to any liability which the Company may otherwise have.
	 
	 	 	 	Notwithstanding the foregoing, as required by Section II.G. of the NASAA Guidelines,
the indemnification and agreement to hold harmless provided in this Section 7(b) is
further limited to the extent that no such indemnification by the Company of a
Selected Dealer or the Dealer Manager, or their respective Indemnified Parties,
shall be permitted under this Agreement for, or arising out of, an alleged violation
of federal or state securities laws, unless one or more of the following conditions
are met: (a) there has been a successful adjudication on the merits of each count
involving alleged securities law violations as to the particular Indemnified Party;
(b) such claims have been dismissed with prejudice on the merits by a court of
competent jurisdiction as to the particular Indemnified Party; or (c) a court of
competent jurisdiction approves a settlement of the claims against the particular
Indemnified Party 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 Commission and of the published position of any
state securities regulatory authority in which the securities were offered or sold
as to indemnification for violations of securities laws.
	 
	 	(c)	 	Dealer Manager Indemnification of the Company. The Dealer Manager will
indemnify, defend and hold harmless the Company and each of its Indemnified Parties and
each person who has signed the Registration Statement, from and against any losses,
claims, expenses (including the reasonable legal and other expenses incurred in
investigating and defending any such claims or liabilities), damages or liabilities to
which any of the aforesaid parties may become subject under the Securities Act, the
Exchange Act or otherwise, insofar as such losses, claims, expenses, damages (or
actions in respect thereof) arise out of or are based upon:

	 	(i)	 	in whole or in part, any material inaccuracy in a
representation or warranty contained herein by the Dealer Manager or any
material breach of a covenant contained herein by the Dealer Manager;
	 
	 	(ii)	 	any untrue statement or any alleged untrue statement of a
material fact contained (A) in any Registration Statement or any post-effective
amendment thereto or in the Prospectus or any amendment or supplement to the
Prospectus, (B) in any Approved Sales Literature, or (C) any Blue Sky
Application; or
	 
	 	(iii)	 	the omission or alleged omission to state a material fact
required to be stated in the Registration Statement or any post-effective
amendment thereof to make the statements therein not misleading, or the
omission or alleged omission to state a material fact required to be stated in
the Prospectus or any amendment or supplement to the Prospectus to make the
statements therein, in light of the circumstances under which they were made,
not misleading; provided, however, that in each case described in clauses (ii)
and (iii) to the extent, but only to the extent, that such untrue statement or
omission was made in reliance upon and in conformity with written information
furnished to the Company by the Dealer Manager expressly for use in the
Registration Statement or any such post-

17

 

Exhibit 10.2

	 	 	 	effective amendments thereof or the
Prospectus or any such amendment thereof or supplement thereto;
	 
	 	(iv)	 	any use of sales literature, including “broker-dealer use only”
materials, by the Dealer Manager that is not Approved Sales Literature; or
	 
	 	(v)	 	any untrue statement made by the Dealer Manager or omission by
the Dealer Manager to state a fact necessary in order to make the statements
made, in light of the circumstances under which they were made, not misleading
in connection with the Offering, in each case, other than statements or
omissions made in conformity with the Registration
Statement, the Prospectus, any Approved Sales Literature or any other
materials or information furnished by or on behalf on the Company.

	 	 	 	The Dealer Manager will reimburse the aforesaid parties for any reasonable legal or
other expenses incurred in connection with investigation or defense of such loss,
claim, expense, damage, liability or action. This indemnity agreement will be in
addition to any liability which the Dealer Manager may otherwise have.
	 
	 	(d)	 	Selected Dealer Indemnification of the Company. By virtue of entering into the
Selected Dealer Agreement, each Selected Dealer severally will agree to indemnify,
defend and hold harmless the Company, the Dealer Manager, each of their respective
Indemnified Parties, and each person who signs the Registration Statement, from and
against any losses, claims, expenses, damages or liabilities to which the Company, the
Dealer Manager, or any of their respective Indemnified Parties, or any person who
signed the Registration Statement, may become subject, under the Securities Act or
otherwise, as more fully described in the Selected Dealer Agreement.
	 
	 	(e)	 	Action Against Parties; Notification. Promptly after receipt by any
Indemnified Party under this Section 7 of notice of the commencement of any action,
such Indemnified Party will, if a claim in respect thereof is to be made against any
indemnifying party under this Section 7, promptly notify the indemnifying party of the
commencement thereof; provided, however, that the failure to give such notice shall not
relieve the indemnifying party of its obligations hereunder except to the extent it
shall have been actually prejudiced by such failure. In case any such action is
brought against any Indemnified Party, and it notifies an indemnifying party of the
commencement thereof, the indemnifying party will be entitled, to the extent it may
wish, jointly with any other indemnifying party similarly notified, to participate in
the defense thereof, with separate counsel.
	 
	 	 	 	Such participation shall not relieve such indemnifying party of the obligation to
reimburse the Indemnified Party for reasonable legal and other expenses incurred by
such Indemnified Party in defending itself, except for such expenses incurred after
the indemnifying party has deposited funds sufficient to effect the settlement, with
prejudice, of, and unconditional release of all liabilities from, the claim in
respect of which indemnity is sought. Any such indemnifying party shall not be
liable to any such Indemnified Party on account of any settlement of any claim or
action effected without the consent of such indemnifying party, such consent not to
be unreasonably withheld or delayed.
	 
	 	(f)	 	Reimbursement of Fees and Expenses. An indemnifying party under Section 7 of
this Agreement shall be obligated to reimburse an Indemnified Party for reasonable
legal and other expenses as follows:

18

 

Exhibit 10.2

	 	(i)	 	In the case of the Company indemnifying the Dealer Manager, the
advancement of funds to the Dealer Manager for legal expenses and other costs
incurred as a result of any legal action for which indemnification is being
sought shall be permissible (in accordance with Section II.G. of the NASAA
Guidelines) only if all of the following conditions are satisfied: (A) the
legal action relates to acts or omissions with respect to the performance of
duties or services on behalf of the Company; (B) the legal action is initiated
by a third party who is not a shareholder of the Company or the legal action is
initiated by a shareholder of the Company acting in his or her capacity as such
and a court of competent jurisdiction specifically approves such advancement;
and (C) the Dealer Manager undertakes to repay the advanced funds to the
Company, together with the applicable legal rate of interest thereon, in cases
in which the Dealer Manager is found not to be entitled to indemnification.
	 
	 	(ii)	 	In any case of indemnification other than that described in
Section 7(f)(i) above, the indemnifying party shall pay all legal fees and
expenses reasonably incurred by the Indemnified Party in the defense of such
claims or actions; provided, however, that the indemnifying party shall not be
obligated to pay legal expenses and fees to more than one law firm in
connection with the defense of similar claims arising out of the same alleged
acts or omissions giving rise to such claims notwithstanding that such actions
or claims are alleged or brought by one or more parties against more than one
Indemnified Party. If such claims or actions are alleged or brought against
more than one Indemnified Party, then the indemnifying party shall only be
obliged to reimburse the expenses and fees of the one law firm (in addition to
local counsel) that has been participating by a majority of the indemnified
parties against which such action is finally brought; and if a majority of such
indemnified parties is unable to agree on which law firm for which expenses or
fees will be reimbursable by the indemnifying party, then payment shall be made
to the first law firm of record representing an Indemnified Party against the
action or claim. Such law firm shall be paid only to the extent of services
performed by such law firm and no reimbursement shall be payable to such law
firm on account of legal services performed by another law firm.

	8.	 	Contribution.

	 	(a)	 	If Indemnification is Unavailable. If the indemnification provided for in
Section 7 is for any reason unavailable to or insufficient to hold harmless an
Indemnified Party in respect of any losses, liabilities, claims, damages or expenses
referred to therein, then each indemnifying party shall contribute to the aggregate
amount of such losses, liabilities, claims, damages and expenses incurred by such
Indemnified Party, as incurred:

	 	(i)	 	in such proportion as is appropriate to reflect the relative
benefits received by the Company, the Dealer Manager and the Selected Dealer,
respectively, from the proceeds received in Primary Offering pursuant to this
Agreement and the relevant Selected Dealer Agreement; or
	 
	 	(ii)	 	if the allocation provided by clause (i) is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the
relative benefits referred to in clause (i) above but also the relative fault
of the Company, the Dealer Manager and the Selected Dealer, respectively, in
connection with the statements or omissions which resulted in such losses,
liabilities, claims, damages or expenses, as well as any other relevant
equitable considerations.

19

 

Exhibit 10.2

	 	(b)	 	Relative Benefits. The relative benefits received by the Company, the Dealer
Manager and the Selected Dealer, respectively, in connection with the proceeds received
in the Primary Offering pursuant to this Agreement and the relevant Selected Dealer
Agreement shall be deemed to be in the same respective proportion as the total net
proceeds from the Primary Offering pursuant to this Agreement and the relevant Selected
Dealer Agreement (before deducting expenses), received by the Company, and the total
selling commissions and dealer manager fees received by the Dealer Manager and the
Selected Dealer, respectively, in each case as set forth on the cover of the Prospectus
bear to the aggregate offering price of the Shares sold in the Primary Offering as set
forth on such cover.
	 
	 	(c)	 	Relative Fault. The relative fault of the Company, the Dealer Manager and the
Selected Dealer, respectively, shall be determined by reference to, among other things,
whether any such untrue or alleged untrue statement of a material fact or omission or
alleged omission to state a material fact
related to information supplied by the Company, by the Dealer Manager or by the
Selected Dealer, respectively, and the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such statement or omission.
	 
	 	(d)	 	Pro Rata is Unreasonable. The Company, the Dealer Manager and the Selected
Dealer (by virtue of entering into the Selected Dealer Agreement) agree that it would
not be just and equitable if contribution pursuant to this Section 8 were determined by
pro rata allocation or by any other method of allocation which does not take account of
the equitable contributions referred to above in this Section 8. The aggregate amount
of losses, liabilities, claims, damages and expenses incurred by an Indemnified Party
and referred to above in this Section 8 shall be deemed to include any legal or other
expenses reasonably incurred by such Indemnified Party in investigating, preparing or
defending against any litigation, or any investigation or proceeding by any
governmental agency or body, commenced or threatened, or any claim whatsoever based
upon any such untrue statement or omission or alleged omission.
	 
	 	(e)	 	Limits. Notwithstanding the provisions of this Section 8, the Dealer Manager
and the Selected Dealer shall not be required to contribute any amount by which the
total price at which the Shares sold in the Primary Offering to the public by them
exceeds the amount of any damages which the Dealer Manager and the Selected Dealer have
otherwise been required to pay by reason of any untrue or alleged untrue statement or
omission or alleged omission.
	 
	 	(f)	 	Fraudulent Misrepresentation. No party guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any party who was not guilty of such fraudulent misrepresentation.
	 
	 	(g)	 	Benefits of Contribution. For the purposes of this Section 8, the Dealer
Manager’s officers, directors, employees, members, partners, agents and
representatives, and each person, if any, who controls the Dealer Manager within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act shall
have the same rights to contribution of the Dealer Manager, and each officers,
directors, employees, members, partners, agents and representatives of the Company,
each officer of the Company who signed the Registration Statement and each person, if
any, who controls the Company, within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act shall have the same rights to contribution of the
Company. The Selected Dealers’ respective obligations to contribute pursuant to this
Section 8 are several in proportion to the number of Shares sold by each Selected
Dealer in the Primary Offering and not joint.

	9.	 	Termination of this Agreement.

20

 

Exhibit 10.2

	 	(a)	 	Term; Expiration. This Agreement shall become effective on the initial
Effective Date and the obligations of the parties hereunder shall not commence until
the initial Effective Date. This Agreement may be terminated by either party upon 60
calendar days’ written notice to the other party. This Agreement shall automatically
expire on the termination date of the Offering as described in the Prospectus.
	 
	 	(b)	 	Delivery of Records Upon Expiration or Early Termination. Upon the expiration
or early termination of this Agreement for any reason, the Dealer Manager shall:

	 	(i)	 	promptly forward any and all funds, if any, in its possession
which were received from investors for the sale of Shares for deposit;
	 
	 	(ii)	 	to the extent not previously provided to the Company a list of
all investors who have subscribed for or purchased shares and all
broker-dealers with whom the Dealer Manager has entered into a Selected Dealer
Agreement;
	 
	 	(iii)	 	notify Selected Dealers of such termination; and
	 
	 	(iv)	 	promptly deliver to the Company copies of any sales literature
designed for use specifically for the Offering that it is then in the process
of preparing. Upon expiration or earlier termination of this Agreement, the
Company shall pay to the Dealer Manager all compensation to which the Dealer
Manager is or becomes entitled under Section 3(d) at such time as such
compensation becomes payable.

	10.	 	Miscellaneous

	 	(a)	 	Survival. The following provisions of the Agreement shall survive the
expiration or earlier termination of this Agreement: Section 3(d) (Dealer-Manager
Compensation); Section 5(l) (Dealer-Manager’s Review of Proposed Amendments and
Supplements); Section 6(i) (AML Compliance); Section 7 (Indemnification); Section 8
(Contribution); Section 9 (Termination of This Agreement) and this Section 10
(Miscellaneous). Notwithstanding anything else that may be to the contrary herein, the
expiration or earlier termination of this Agreement shall not relieve a party for
liability for any breach occurring prior to such expiration or earlier termination. In
no event shall the Dealer Manager be entitled to payment of any compensation in
connection with the Offering that is not completed according to this Agreement;
provided, however, that the reimbursement of out-of-pocket accountable expenses
actually incurred by the Dealer Manager or person associated with the Dealer Manager
shall not be presumed to be unfair or unreasonable and shall be payable under normal
circumstances.
	 
	 	(b)	 	Notices. All notices or other communications required or permitted hereunder,
except as herein otherwise specifically provided, shall be in writing and shall be
deemed given or delivered: (i) when delivered personally or by commercial messenger;
(ii) one business day following deposit with a recognized overnight courier service,
provided such deposit occurs prior to the deadline imposed by such service for
overnight delivery; (iii) when transmitted, if sent by facsimile copy, provided
confirmation of receipt is received by sender and such notice is sent by an additional
method provided hereunder; in each case above provided such communication is addressed
to the intended recipient thereof as set forth below:
	 
	 	 	 	If to the Company:

21

 

Exhibit 10.2

Corporate Property Associates 17 — Global Incorporated

50 Rockefeller Plaza

New York, New York 10020

Facsimile No.: (___) __-____

Attention: Mr. Thomas Zacharias

with a copy to:

Clifford Chance US LLP

31 West 52nd Street

New York, New York 10019

Facsimile No.: (212) 878-8375

Attention: Kathleen L. Werner, Esq.

If to the Dealer Manager:

Carey Financial, LLC

50 Rockefeller Plaza

New York, New York 10020

Facsimile No.: (212) 492-8922

Attention: Mr. Richard J. Paley

with a copy to:

Kunzman & Bollinger, Inc.

5100 N. Brookline Avenue, Suite 600

Oklahoma City, Oklahoma 73112

Facsimile No: (405) 942-3501

Attention: Wallace W. Kunzman, Jr.

	 	 	 	Any party may change its address specified above by giving each party notice of such
change in accordance with this Section 10(b).
	 
	 	(c)	 	Successors and Assigns. No party shall assign (voluntarily, by operation of law
or otherwise) this Agreement or any right, interest or benefit under this Agreement
without the prior written consent of each other party. Subject to the foregoing, this
Agreement shall be fully binding upon, inure to the benefit of, and be enforceable by,
the parties hereto and their respective successors and assigns.
	 
	 	(d)	 	Invalid Provision. The invalidity or unenforceability of any provision of this
Agreement shall not affect the other provisions hereof, and this Agreement shall be
construed in all respects as if such invalid or unenforceable provision were omitted.
	 
	 	(e)	 	Applicable Law. This Agreement and any disputes relative to the interpretation
or enforcement hereto shall be governed by and construed under the internal laws, as
opposed to the conflicts of laws provisions, of the State of New York.
	 
	 	(f)	 	Waiver. EACH OF THE PARTIES HERETO WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION, SUIT, PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR
OTHERWISE) RELATED TO OR ARISING OUT OF THIS

22

 

Exhibit 10.2

	 	 	 	AGREEMENT. The parties hereto each hereby irrevocably submits to the exclusive jurisdiction of the courts of the State of New
York and the Federal courts of the United States of America located in the Borough of
Manhattan, New York City, in respect of the interpretation and enforcement of the terms
of this Agreement, and in respect of the transactions contemplated hereby, and each
hereby waives, and agrees not to assert, as a defense in any action, suit or proceeding
for the interpretation or enforcement hereof, that it is not subject thereto or that
such action, suit or proceeding may not be brought or is not maintainable in said
courts or that the venue thereof may not be appropriate or that this Agreement may not
be enforced in or by such courts, and the parties hereto each hereby irrevocably agrees
that all claims with respect to such action or proceeding shall be heard and determined
in such a New York State or Federal court.
	 
	 	(g)	 	Attorneys’ Fees. If a dispute arises concerning the performance, meaning or
interpretation of any provision of this Agreement or any document executed in
connection with this Agreement, then the prevailing party in such dispute shall be
awarded any and all costs and expenses incurred by the prevailing party in enforcing,
defending or establishing its rights hereunder or thereunder,
including, without limitation, court costs and attorneys and expert witness fees.
In addition to the foregoing award of costs and fees, the prevailing also shall be
entitled to recover its attorneys’ fees incurred in any post-judgment proceedings to
collect or enforce any judgment.
	 
	 	(h)	 	No Partnership. Nothing in this Agreement shall be construed or interpreted to
constitute the Dealer Manager or the Selected Dealer as being in association with or in
partnership with the Company or one another, and instead, this Agreement only shall
constitute the Selected Dealer as a broker authorized by the Company to sell and to
manage the sale by others of the Shares according to the terms set forth in the
Registration Statement, the Prospectus or this Agreement. Nothing herein contained
shall render the Dealer Manager or the Company liable for the obligations of any of the
Selected Dealers or one another.
	 
	 	(i)	 	Third Party Beneficiaries. Except for the persons and entities referred to in
Section 7 (Indemnification) and Section 8 (Contribution), there shall be no third party
beneficiaries of this Agreement, and no provision of this Agreement is intended to be
for the benefit of any person or entity not a party to this Agreement, and no third
party shall be deemed to be a beneficiary of any provision of this Agreement. Except
for the persons and entities referred to in Section 7 and Section 8, no third party
shall by virtue of any provision of this Agreement have a right of action or an
enforceable remedy against any party to this Agreement. Each of the persons and
entities referred to in Section 7 and Section 8 shall be a third party beneficiary of
this Agreement.
	 
	 	(j)	 	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 and/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.
	 
	 	(k)	 	Nonwaiver. The failure of any party to insist upon or enforce strict
performance by any other party of any provision of this Agreement or to exercise any
right under this Agreement shall not be construed as a waiver or relinquishment to any
extent of such party’s right to assert or rely upon any such provision or right in that
or any other instance; rather, such provision or right shall be and remain in full
force and effect.

23

 

Exhibit 10.2

	 	(l)	 	Access to Information. The Company may authorize the Company’s transfer agent
to provide information to the Dealer Manager and each Selected Dealer regarding
recordholder information about the clients of such Selected Dealer who have invested
with the Company on an on-going basis for so long as such Selected Dealer has a
relationship with such clients. The Dealer Manager shall require in the Selected Dealer
Agreement that Selected Dealers not disclose any password for a restricted website or
portion of website provided to such Selected Dealer in connection with the Offering and
not disclose to any person, other than an officer, director, employee or agent of such
Selected Dealers, any material downloaded from such a restricted website or portion of
a restricted website.
	 
	 	(m)	 	Counterparts. This Agreement may be executed (including by facsimile
transmission) with counterpart signature pages or in counterpart copies, each of which
shall be deemed an original but all of which together shall constitute one and the same
instrument comprising this Agreement.
	 
	 	(n)	 	Absence of Fiduciary Relationships. The parties acknowledge and agree that:

	 	(i)	 	the Dealer Manager’s responsibility to the Company is solely
contractual in nature; and
	 
	 	(ii)	 	the Dealer Manager does not owe the Company, any of its
affiliates or any other person or entity any fiduciary (or other similar) duty
as a result of this Agreement or any of the transactions contemplated hereby.

          If the foregoing is in accordance with your understanding of our agreement, kindly sign and
return it to us, whereupon this instrument will become a binding agreement between you and the
Company in accordance with its terms.

[Signatures on following page]

24

 

Exhibit 10.2

          IN WITNESS WHEREOF, the parties hereto have each duly executed this Dealer Manager Agreement
as of the day and year set forth above.

	 	 	 	 	 	 	 

	 	 	THE COMPANY:
	 
	 	 	 	 	 	 
	 	 	CORPORATE PROPERTY ASSOCIATES 17 — GLOBAL INCORPORATED
	 
	 	 	 	 	 	 
	 	 	By:	 	 
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Thomas E. Zacharias
	 	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Chief Operating Officer
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Accepted as of the date first above written:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	THE DEALER MANAGER:
	 
	 	 	 	 	 	 
	 	 	CAREY FINANCIAL, LLC
	 
	 	 	 	 	 	 
	 	 	By:	 	 
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Mark Goldberg
	 	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	President
	 	 	 	 	 	 	 

[Signature Page to Dealer Manager Agreement]

 

 

Exhibit 10.2

EXHIBIT A

FORM OF SELECTED DEALER AGREEMENT

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