REAL ESTATE GUIDELINES CROSS REFERENCE SHEET [Page 1] Name of Applicant: Page Footnote See Instruc- Number Prospect? tion 3 Section Number Partners Agreement? I. Guideline Section B. Definitions 1. Acquisition expenses 2. Acquisition fee 4. Affiliate 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 28. 29. 30. 32. 33. 34. Assessments Asset based fee Audited financial statements Base amount Capital contribution Carried interest Cash available for distribution Cash flow Competitive real estate commission Construction fee Cross reference sheet Development fee Financing Front-End fees Investment in properties Major repairs and rehabilitation Mandatory deferred payments Net worth Non-specified property programs Organization and offering expenses Participant Program interest Program management fee Property management fee Purchase price Specified property program Sponsor American LegalNet, Inc. www.USCourtForms.com II. III. IV. Requirements of Sponsors A. Experience B. Net worth Reports to C. administrators D. Liability E. Fiduciary duty F. Termination Suitability of the Participant A. Standards C. Maintenance of records Fees--Compensation--Expenses Organization & offering B. expenses Investment in C. properties D. Program management fee E. Promotional interest Interest in cash 2. a. available for distribution Interest in sale b. or refinancing proceeds Additional or Supplemental Cross References American LegalNet, Inc. www.USCourtForms.com [Page 2] Name of Applicant: V. 3. Definition of capital contributions and date for commencement of calculating the preferred return Dissolution and 4. liquidation F. Real estate brokerage commissions on resale of property G. Property management fee H. Insurance services I. Mortgage servicing fee J. Asset based fee 1. Eligibility 2. Computations 3. Limitations Conflicts of interest and Investment Restrictions Sales and leases to A. 1. program Sales and leases to 2. sponsor Dealing with related 3. programs B. Exchange of limited partnership interests C. Exclusive agreements D. Commissions on reinvestment or distribution E. Services rendered to the program by the sponsor a. Expenses billed to 1. program b. Annual program report 2. Other services F. Rebates, kickbacks and reciprocal arrangements G. Commingling of funds Investments in other H. programs I. Lending practices Development or J. construction contracts Completion bond K. requirements L. Appraisals M. Mortgage loan programs N. Program indebtedness Additional or Supplemental Cross References American LegalNet, Inc. www.USCourtForms.com VI. VII. VIII. IX. [Page 3] Non-Specified Property Programs A. Minimum capitalization B. Sponsor experience C. Investment Objectives 1. Unimproved or non-income producing property program 2. Junior trust deeds 3. Financing 4. Joint ventures D. Offering period E. Multiple programs Rights and Obligations of Participants A. Meetings B. Voting rights C. Reports 1. 12(g) programs, quarterly reports Limited partners tax 2. information 3. Annual report 4. Assessment reports 5. Mandatory deferred payment reports D. Access to records E. Admission of participants 1. Original participants Substitute limited 2. partners Assignor limited 3. partnership Redemption of program F. interests Transferability of program G. interests H. 1. Assessments 2. Defaults on assessments I. Dividend Reinvestment Plan J. Special reports K. Arbitration of disputes. Not officially reflected. Miscellaneous Provisions A. Deferred payments B. Reserves C. Reinvestment of cash flow Additional or Supplemental Cross References American LegalNet, Inc. www.USCourtForms.com Response to this cross reference sheet has been prepared by: Name: Title: I. A redlined copy of all amendments and supplements to an application shall be filed with the ADMINISTRATOR as soon as the amendment or supplement is available. Real Estate Investment Subcommittee of the NASAA Merit Regulation Committee ADVISORY I adopted on April 23, 1983 American LegalNet, Inc. www.USCourtForms.com