Common use of Placement Agent and other Selling Commissions Clause in Contracts

Placement Agent and other Selling Commissions. (a) The Fund shall pay out of Fund Assets to Ridgewood Securities Corporation or to any broker-dealer who effects the sale of one or more whole or fractional Shares, cash selling commission in the aggregate amount equal to 8% of the base amount of each Capital Contribution. The base amounts are computed at the rate of $200,000 of Capital Contributions per Share. For serving as Placement Agent, Ridgewood Securities Corporation shall in addition be entitled to receive out of Fund Assets a fee in the amount equal to 1% of each Capital Contribution. Such commissions shall be payable on the Effective Date as to the Shares purchased through that date and on each date thereafter on which the Fund receives and collects full payment for additional accepted subscriptions for Shares.

Placement Agent and other Selling Commissions. (a) The Fund shall pay out of Fund Assets to Ridgewood Securities Corporation or to any broker-dealer who effects the sale of one or more whole or fractional Shares, cash selling commission commissions in the aggregate amount equal to 8% of the base amount of each Capital Contribution. The base amounts are computed at the rate of $200,000 of Capital Contributions per Share. For serving as Placement Agent, Ridgewood Securities Corporation shall in addition be entitled to receive out of Fund Assets a fee in the amount equal to 1% of each Capital Contribution. Such commissions shall be payable on the Effective Date as to the Shares purchased through that date and on each date thereafter on which the Fund receives and collects full payment for additional accepted subscriptions for Shares.