Common use of COMPENSATION OF SOLICITING DEALERS Clause in Contracts

COMPENSATION OF SOLICITING DEALERS. As compensation for the services of the Soliciting Dealers hereunder, the Dealer-Manager will re-allow, as a Selling Commission, a portion of the funds received by it from the Fund in an amount up to seven per cent (7%) of the purchase price for each BAC sold to a Subscriber through such Soliciting Dealer's efforts with respect to the Fund. However, for purchases of more than 10,000 BACs, the selling commission will be as follows: first 10,000 BACs, up to 7.0%; next 10,000 BACs, up to 6.5%; next 10,000 BACs, up to 5.5%; next 10,000 BACs, up to 4.5%; next 10,000 BACs, up to 3.5%; and next 10,000 BACs and over, up to 2.5%. In addition, the Dealer-Manager may re-allow to the Soliciting Dealers hereunder, a non-accountable expense allowance in an amount up to one percent (1%) of the purchase price for each BAC sold to a Subscriber though such Soliciting Dealer's efforts with respect to the Fund. A Soliciting Dealer shall be entitled to the foregoing compensation only if (i) the insertion of such Soliciting Dealer's name has been made in the Investor Information Form relating to the Subscriber's BACs, (ii) an account executive from such Soliciting Dealer has executed the certification contained in Part II of the Subscriber's Investor Information Form, (iii) such Soliciting Dealer has executed this Agreement in the form hereof and delivered it to the Dealer Manager, and (iv) the Subscriber is admitted as a BAC Holder for the number of BACs indicated in his Investor Information Form.

COMPENSATION OF SOLICITING DEALERS. As compensation for the services of the Soliciting Dealers hereunder, the Dealer-Manager will re-allow, as a Selling Commission, a portion of the funds received by it from the Fund in an amount up to seven per cent (7%) of the purchase price for each BAC sold to a Subscriber through such Soliciting Dealer's efforts with respect to the Fund. However, for purchases of more than 10,000 BACs, the selling commission will be as follows: first 10,000 BACs, up to 7.0%; next 10,000 BACs, up to 6.5%; next 10,000 BACs, up to 5.5%; next 10,000 BACs, up to 4.5%; next 10,000 BACs, up to 3.5%; and next 10,000 BACs and over, up to 2.5%. In addition, the Dealer-Manager may re-allow to the Soliciting Dealers hereunder, a non-accountable expense allowance in an amount up to one percent (1%) of the purchase price for each BAC sold to a Subscriber though such Soliciting Dealer's efforts with respect to the Fund. Upon request, the Soliciting Dealer may receive reimbursement for accountable, out-of-pocket due diligence expenses incurred by the Soliciting Dealer for due diligence performed on the Fund or the Dealer Manager. No reimbursement shall be made for any marketing expenditures, including but not limited to, seminars. A Soliciting Dealer shall be entitled to the foregoing compensation only if (i) the insertion of such Soliciting Dealer's name has been made in the Investor Information Form relating to the Subscriber's BACs, (ii) an account executive from such Soliciting Dealer has executed the certification contained in Part II of the Subscriber's Investor Information Form, (iii) such Soliciting Dealer has executed this Agreement in the form hereof and delivered it to the Dealer Manager, and (iv) the Subscriber is admitted as a BAC Holder for the number of BACs indicated in his Investor Information Form.