Common use of Compensation of Placement Agent Clause in Contracts

Compensation of Placement Agent. (a) Subject to any more specific terms that you may from time to time agree with the Investment Manager, you are entitled to charge a sales commission on the purchase price of a Share of up to 2.0% upon acceptance of the subscription documentation by the Fund as generally described in the Memorandum. You will ensure that the amount of the sales commission is either (i) paid directly to you by the investor or (ii) deducted by you from the investor’s subscription amount and that the balance of the subscription amount is remitted to the Fund’s escrow agent. You will notify the Fund of the amount of the sales commission that is paid with respect to each subscription of Shares as well as the subscription amount remitted to the Fund’s escrow agent with respect to each subscription.

Compensation of Placement Agent. (a) Subject to any more specific terms that you may from time to time agree with the Investment Manager, you are entitled to charge a sales commission on the purchase price of a Share of up to 2.0% upon acceptance of the subscription documentation by the Fund as generally described in the Memorandum. You will ensure that the amount of the sales commission is either (i) paid directly to you by the investor or (ii) deducted by you from the investor’s subscription amount and that the balance of the subscription amount is remitted to the Fund’s escrow agent. You will notify the Fund of the amount of the sales commission that is paid with respect to each subscription of Shares an Interest as well as the subscription amount remitted to the Fund’s escrow agent with respect to each subscription.

Compensation of Placement Agent. (a) Subject to any more specific terms that you may from time to time agree with the Managing Member or the Investment Manager, you are entitled to charge a sales commission on the purchase price of a Share of up to 2.03.0% upon acceptance of the subscription documentation by the Fund Managing Member as generally described in the Memorandum. You will ensure that the amount of the sales commission is either (i) paid directly to you by the investor or (ii) deducted by you from the investor’s subscription amount and that the balance of the subscription amount is remitted to the Fund’s escrow agent. You will notify the Fund of the amount of the sales commission that is paid with respect to each subscription of Shares an Interest as well as the subscription amount remitted to the Fund’s escrow agent with respect to each subscription.

Compensation of Placement Agent. (a) Subject to any more specific terms that you may from time to time agree with the Managing Member or the Investment Manager, you are entitled to charge a sales commission on the purchase price of a Share an Interest of up to 2.03.0% upon acceptance of the subscription documentation by the Fund Managing Member as generally described in the Memorandum. You will ensure that the amount of the sales commission is either (i) paid directly to you by the investor or (ii) deducted by you from the investor’s 's subscription amount and that the balance of the subscription amount is remitted to the Fund’s 's escrow agent. You will notify the Fund of the amount of the sales commission that is paid with respect to each subscription of Shares an Interest as well as the subscription amount remitted to the Fund’s 's escrow agent with respect to each subscription.

Compensation of Placement Agent. (a) Subject to any more specific terms that you may from time to time agree with the Managing Member or the Investment Manager, you are entitled to charge a sales commission on the purchase price of a Share an Interest of up to 2.03.0% upon acceptance of the subscription documentation by the Fund Managing Member as generally described in the Memorandum. You will ensure that the amount of the sales commission is either (i) paid directly to you by the investor or (ii) deducted by you from the investor’s subscription amount and that the balance of the subscription amount is remitted to the Fund’s escrow agent. You will notify the Fund of the amount of the sales commission that is paid with respect to each subscription of Shares Interests as well as the subscription amount remitted to the Fund’s escrow agent with respect to each subscription.