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. Tulsa Real Estate Fund, LLC 9 Company 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. 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). Asset Management Fee Fees charged to the Company for management of its investments 1/12th of 5.0% of the total amount the Company invests. The total amount of fees that the Manager may receive cannot be determined at this time. This could be as little as $12,774 (annually) or as much as $690,000 (annually.) This fee may be paid monthly. Tulsa Real Estate Fund, LLC 10 Company Agreement