Common use of Compensation and Expenses; Covenant Clause in Contracts

Compensation and Expenses; Covenant. (a) In return for the Services described in Section 1(a), the Administrator shall earn administration fees and expense reimbursements from the Issuer in the form of shares representing 1% of the total Shares of the Company outstanding (based on the number of Class A Ordinary Shares and Preferred Shares outstanding per annum for as long as this Agreement is in effect, which shares shall be issued on a quarterly basis in arrears. (collectively, such issuance of shares, the “Services Fee”). The Service Fee shall be earned ratably on the basis of a 360- day year comprised of twelve (12) thirty (30) day months. If and when the Painting is sold, the Services Fee actually earned (based on the number of days elapsed between the Effective Date and the date to and excluding the date of consummation of the sale of the Painting) and Service Fees actually received by the Administrator (in the form of cash prepayments and Class A Ordinary Shares, as applicable) and any excess Service Fee received by the Administrator, if any, shall be refunded to the Issuer and any shortfall issuable to the Administrator shall be issued to the Administrator on or immediately prior to the sale of the Painting.

Compensation and Expenses; Covenant. (a) In return for the Services described in Section 1(a), the Administrator Manager shall earn administration fees and expense reimbursements from the Issuer in the form of shares representing 11 % of the total Shares of the Company outstanding (based on the number of Class A Ordinary Shares and Preferred Shares outstanding per annum for as long as this Agreement is in effect, which shares shall be issued on a quarterly basis in arrears. (collectively, such issuance of shares, the “Services Fee”). The Service Fee shall be earned ratably on the basis of a 360- day year comprised of twelve (12) thirty (30) day months. If and when the Painting is sold, the Services Fee actually earned (based on the number of days elapsed between the Effective Date and the date to and excluding the date of consummation of the sale of the Painting) and Service Fees actually received by the Administrator Manager (in the form of cash prepayments and Class A Ordinary Shares, as applicable) and any excess Service Fee received by the AdministratorManager, if any, shall be refunded to the Issuer and any shortfall issuable to the Administrator Manager shall be issued to the Administrator Manager on or immediately prior to the sale of the Painting.

Compensation and Expenses; Covenant. (a) In return for the Services described in Section 1(a), the Administrator shall earn administration fees and expense reimbursements from the Issuer in the form of shares representing 1% of the total Shares of the Company outstanding (based on the number of Class A Ordinary Shares and Preferred Shares outstanding per annum for as long as this Agreement is in effect, which shares shall be issued on a quarterly basis in arrears. (collectively, such issuance of shares, the “Services Fee”). The Service Fee shall be earned ratably on the basis of a 360- day year comprised of twelve (12) thirty (30) day months. If and when the Painting is sold, the Services Fee actually earned (based on the number of days elapsed between the Effective Date and the date to and excluding the date of consummation of the sale of the Painting) and Service Fees actually received by the Administrator (in the form of cash prepayments and Class A Ordinary Shares, as applicable) and any excess Service Fee received by the AdministratorAdministrator , if any, shall be refunded to the Issuer and any shortfall issuable to the Administrator shall be issued to the Administrator on or immediately prior to the sale of the Painting.

Compensation and Expenses; Covenant. (a) In return for the Services described in Section 1(a), the Administrator shall earn administration fees and expense reimbursements from the Issuer in the form of shares representing 11.5% of the total Shares of the Company outstanding (based on the number of Class A Ordinary Shares and Preferred Shares outstanding per annum for as long as this Agreement is in effect, which shares shall be issued on a quarterly basis in arrears. (collectively, such issuance of shares, the “Services Fee”). The Service Fee shall be earned ratably on the basis of a 360- day year comprised of twelve (12) thirty (30) day months. If and when the Painting is sold, the Services Fee actually earned (based on the number of days elapsed between the Effective Date and the date to and excluding the date of consummation of the sale of the Painting) and Service Fees actually received by the Administrator (in the form of cash prepayments and Class A Ordinary Shares, as applicable) and any excess Service Fee received by the AdministratorAdministrator , if any, shall be refunded to the Issuer and any shortfall payable or issuable to the Administrator shall be issued to the Administrator on or immediately prior to the sale of the Painting.

Compensation and Expenses; Covenant. (a) In return for the Services described in Section 1(a), the Administrator shall earn administration fees and expense reimbursements from the Issuer in the form of shares representing 11.5% of the total Shares of the Company outstanding (based on the number of Class A Ordinary Shares and Preferred Shares outstanding per annum for as long as this Agreement is in effect, which shares shall be issued on a quarterly basis in arrears. (collectively, such issuance of shares, the “Services Fee”). The Service Fee shall be earned ratably on the basis of a 360- day year comprised of twelve (12) thirty (30) day months. If and when the Painting is sold, the Services Fee actually earned (based on the number of days elapsed between the Effective Date and the date to and excluding the date of consummation of the sale of the Painting) and Service Fees actually received by the Administrator (in the form of cash prepayments and Class A Ordinary Shares, as applicable) and any excess Service Fee received by the Administrator, if any, shall be refunded to the Issuer and any shortfall issuable to the Administrator shall be issued to the Administrator on or immediately prior to the sale of the Painting.