Common use of Manager’s Fees or Other Compensation Clause in Contracts

Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time. 5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 2.0% of the purchase price of the individual property. These fees are difficult to determine at this time. Disposition Fee Fees charged to the Company as Properties are disposed of 1.5% of the sales price of the individual property. These fees are difficult to determine at this time. Asset Management Fee Fees charged to the Company for management of its investments 2.0% of the gross income of the assets held by the Company, whether they are notes or properties. The total amount of fees that the Manager may receive cannot be determined at this time. This fee may be paid monthly. Construction Management Fee Fees charged to the Company for management of repairs. rehabilitation, and construction of its investments. 6% of the total costs of repairs, rehabilitation, and construction of the individual property.

Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time. 5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 2.01.5% of the purchase price of the individual property including leverage. Although these fees are difficult to determine at this time, the fee may be as much as $4,443,511 if the Company were to raise the maximum amount of the Offering. Fund Management Fee Annual Fee charged to the Company for the operation of the Company by the Manager. The fund management fee is 2.0% per year, and is initially based on committed equity. As equity is invested, it is based on invested equity, and the fee charged to committed equity is reduced proportionately. Although these fees are difficult to determine at this time, the fee may be as much as $ $1,500,000 if the Company were to raise the maximum amount of the Offering. Upfront Fee One-time fee to cover setup costs of the Fund The upfront fee is 2.0% of total equity raised. This may be as much as $1,500,000. These costs assume the costs related with completing this Form 1A as well as those costs related to the services of a transfer agent, listing fees, our interim financial statements, increases in costs related to investor relations and other administrative costs as the fund grows in size, and our legal costs. This fee is not meant to enrich the Manager, but rather to cover actual costs incurred by the Company. Administration Fee Annual Fee charged for ongoing administration and operation of the Company. 0.5% of the invested equity. In other words, the equity invested into a particular property. Although these fees are difficult to determine at this time, the fee may be as much as $375,000 if the Company were to raise the maximum amount of the Offering. This will be paid from the cash generated from the Company’s operations and is not expected to be derived from Member investment. Loan Guaranty Fee Fee paid to individual or Manager that provide personal guarantees for loans secured by Company Properties. This fee may be paid to individuals of the Manager or the Manager. 1.0% of the total loan paid upon loan closing. These fees are difficult to determine at this time. Disposition Fee Fees charged to the Company as Properties are disposed of 1.5% of the sales price of the individual property. These fees are difficult to determine at this time. Asset Management Fee Fees charged to the Company for management of its investments 2.0% of the gross income of the assets held by the Company, whether they are notes or properties. The total amount of fees that the Manager may receive cannot be determined at this time. This fee may be paid monthly. Construction Management Fee Fees charged to the Company for management of repairs. rehabilitation, and construction of its investments. 6% of the total costs of repairs, rehabilitation, and construction of the individual property.

Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Managercompensation. The maximum amount of compensation the Manager may receive cannot be determined at this time. 5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 2.0% of the purchase price of the individual property. These fees are difficult to determine at this time. Disposition Fee Fees charged to the Company as Properties are disposed of 1.5% of the sales price of the individual property. These fees are difficult to determine at this time. Asset Management Fee Fee: Fees charged to the Company for management of its investments 2.0investments. 1.0% of the gross income of the assets held by the Companytotal capital contributions as adjusted from time to time for capital withdrawals, whether they are notes or properties. The total amount of fees that the Manager may receive cannot be determined at this time. This fee may be distributions, additional contributions, allocations and other capital account adjustments, paid monthly. Construction Assuming we raise the Minimum Amount of $100,000, the Manager would receive a fee of $1,000. If the Company were to raise the Maximum Amount of $50,000,000, this fee could be as much as $500,000. Company Management Fee Fee: Fees charged to the Company for management of repairsthe Company. rehabilitation, and construction Profit sharing of its investmentsall Distributable Cash that is available after the Members have received their stated Preferred Return. 6% of the total costs of repairs, rehabilitation, and construction of the individual propertyDistribution accomplished via distribution to Class M Members.

Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time. 5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 2.01.5% of the purchase price of the individual property including leverage. Although these fees are difficult to determine at this time, the fee may be as much as $3,043,831 if the Company were to raise the maximum amount of the Offering. Fund Management Fee Annual Fee charged to the Company for the operation of the Company by the Manager. The fund management fee is 2.0% per year, and is initially based on committed equity. As equity is invested, it is based on invested equity, and the fee charged to committed equity is reduced proportionately. Although these fees are difficult to determine at this time, the fee may be as much as $ $1,000,000 if the Company were to raise the maximum amount of the Offering. Upfront Fee One-time fee to cover setup costs of the Fund The upfront fee is 2.0% of total equity raised. This may be as much as $1,000,000. These costs assume the costs related with completing this Form 1A as well as those costs related to the services of a transfer agent, listing fees, our interim financial statements, increases in costs related to investor relations and other administrative costs as the fund grows in size, and our legal costs. This fee is not meant to enrich the Manager, but rather to cover actual costs incurred by the Company. Administration Fee Annual Fee charged for ongoing administration and operation of the Company. 0.5% of the invested equity. In other words, the equity invested into a particular property. Although these fees are difficult to determine at this time, the fee may be as much as $250,000 if the Company were to raise the maximum amount of the Offering. This will be paid from the cash generated from the Company’s operations and is not expected to be derived from Member investment. Loan Guaranty Fee Fee paid to individual or Manager that provide personal guarantees for loans secured by Company Properties. This fee may be paid to individuals of the Manager or the Manager. 1.0% of the total loan paid upon loan closing. These fees are difficult to determine at this time. Disposition Fee Fees charged to the Company as Properties are disposed of 1.5% of the sales price of the individual property. These fees are difficult to determine at this time. Asset Management Fee Fees charged to the Company for management of its investments 2.0% of the gross income of the assets held by the Company, whether they are notes or properties. The total amount of fees that the Manager may receive cannot be determined at this time. This fee may be paid monthly. Construction Management Fee Fees charged to the Company for management of repairs. rehabilitation, and construction of its investments. 6% of the total costs of repairs, rehabilitation, and construction of the individual property.

Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time. 5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 2.01.0% of the purchase price of the individual property. These fees are difficult to determine at this time. Fund Management Fee Fees charged to the Company as capital is placed. The fund management fee is 1.5% per year, based on committed equity. This is used to pay our acquisition and asset management team, accounting group, investor reporting, office rent and administrative staff. Disposition Fee Fees charged to the Company as Properties are disposed of 1.51.0% of the sales price of the individual property. These fees are difficult to determine at this time. Asset Management Fee Fees charged to the Company for management of its investments 2.0% of the gross income of the assets held by the Company, whether they are notes or properties. The total amount of fees that the Manager may receive cannot be determined at this time. This fee may be paid monthly. Construction Management Fee Fees charged to the Company for construction and rehab management as construction is carried out on the Properties 6.0% of repairsthe construction costs associated with an individual Property. rehabilitation, and construction Paid as incurred. These fees are difficult to determine at this time. Loan Guaranty Fee Fee paid to individual or Manager that provide personal guarantees for loans secured by Company Properties. This fee may be paid to individuals of its investmentsthe Manager or the Manager. 61.0% of the total costs of repairsloan paid upon loan closing. These fees are difficult to determine at this time. Property Management Fee Fees charged to the individual Properties, rehabilitationbased on their revenue, and construction for their individual management. This fee may be paid to an unrelated third-party. 4% of the individual propertygross revenues of a Property, paid monthly. These fees are difficult to determine at this time.

Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time. 5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 2.0% of the purchase price of the individual property. These fees are difficult to determine at this time. Disposition Fee Fees charged to the Company as Properties are disposed of 1.52.0% of the sales price of the individual property. These fees are difficult to determine at this time. Asset Management Fee Fees charged to the Company for management of its investments 2.0% of the gross income of the assets held by the Company, whether they are notes or properties. The total amount of fees that the Manager may receive cannot be determined at this time. This fee may be paid monthly. Construction Management Fee Fees charged to the Company for management of repairs. rehabilitation, and construction of its investments. 6% of the total costs of repairs, rehabilitation, and construction of the individual property.