Common use of Distribution and Servicing Fees Clause in Contracts

Distribution and Servicing Fees. Dealer shall also be entitled to receive from the Placement Agent a shareholder servicing and/or distribution fee at the aggregate annual rate listed in Exhibit B for the aggregate value of Shares held by Dealer Shareholders. This fee, if payable, will be calculated and paid monthly, with payment occurring within 30 days after the end of each month. Notwithstanding the foregoing, no Placement Agent shall have any obligation to pay any compensation described in the preceding sentence until such Placement Agent receives the related compensation from the relevant Company in the form of an asset-based distribution fee and shareholder servicing fee (the “Related Compensation”), and no Placement Agent shall be liable for any amounts received or otherwise owing hereunder by the other Placement Agent. A Placement Agent’s obligation or liability to Dealer for such payments is limited solely to the Related Compensation, and Dealer hereby waives any and all rights to receive payment of Related Compensation due until such time as the relevant Placement Agent is in receipt of such Related Compensation from the relevant Company. For purposes of this Agreement, a “Dealer Shareholder” shall include any person or entity introduced by Dealer to a Company during the term of this Agreement, which invests in Shares of such Company. The Placement Agent shall pay any compensation described in this Section 4(b) to Dealer in respect of the Shares held by Dealer Shareholders for as long as Dealer Shareholders hold those Shares through an account maintained by Dealer Shareholder at Dealer, subject to the limitations set forth in Section 4(e) and the termination provisions of Section 12.

Distribution and Servicing Fees. Dealer shall also be entitled to receive from Distributor distribution fees and servicing fees, if any, in the Placement Agent a shareholder servicing and/or distribution fee at the aggregate annual rate listed in amount set forth on Exhibit B for the aggregate value of Shares held by Dealer ShareholdersA hereto. This feeThese fees, if payable, will be calculated and paid monthlymonthly based on the value of Shares at the end of each month, with payment occurring within 30 34 days after the end of each month. Notwithstanding the foregoing, no Placement Agent Distributor shall have any no obligation to pay any compensation described in the preceding sentence Exhibit A until such Placement Agent Distributor receives the related compensation from the relevant Company Fund in the form of an asset-based distribution fee and shareholder servicing fee (the “Related Compensation”), and no Placement Agent shall be liable for any amounts received or otherwise owing hereunder by the other Placement Agent. A Placement AgentDistributor’s obligation or liability to Dealer for such payments is limited solely to the Related Compensation, and Dealer hereby waives any and . Distributor agrees to use its commercially reasonable efforts to secure all rights to receive payment of Related Compensation due until such time as the relevant Placement Agent is in receipt of such Related Compensation from the relevant CompanyFund. For purposes of this Agreement, a “Dealer Shareholder” shall include any person or entity introduced by Dealer to a Company during the term of this Agreement, which invests in Shares of such Company. The Placement Agent Distributor shall pay any compensation described in this Section 4(b) to Dealer in respect of the Shares held by Dealer Shareholders for as long as Dealer Shareholders hold those Shares through an account maintained by the Dealer Shareholder at the Dealer, subject to the limitations set forth in Section 4(e). Distributor agrees that payments to Dealer described in this Section 4(b) and shall, upon the termination provisions direction of Section 12Dealer, be paid on behalf of Dealer directly to affiliates of Dealer which serve as Dealer’s clearing brokers it being understood that such compensation will be paid to Dealer by the clearing broker for Dealer’s provision of services hereunder.

Distribution and Servicing Fees. Dealer shall also be entitled to receive from Distributor distribution fees and servicing fees, if any, in the Placement Agent a shareholder servicing and/or distribution fee at the aggregate annual rate listed in amount set forth on Exhibit B for the aggregate value of Shares held by Dealer ShareholdersA hereto. This feeThese fees, if payable, will be calculated and paid monthlymonthly based on the value of Shares at the end of each month, with payment occurring within 30 34 days after the end of each calendar month. Notwithstanding the foregoing, no Placement Agent Distributor shall have any no obligation to pay any compensation described in the preceding sentence Exhibit A until such Placement Agent Distributor receives the related compensation from the relevant Company Fund in the form of an asset-based distribution fee and shareholder servicing fee (the “Related Compensation”), and no Placement Agent shall be liable for any amounts received or otherwise owing hereunder by the other Placement Agent. A Placement AgentDistributor’s obligation or liability to Dealer for such payments is limited solely to the Related Compensation, and Dealer hereby waives any and . Distributor agrees to use its commercially reasonable efforts to secure all rights to receive payment of Related Compensation due until such time as the relevant Placement Agent is in receipt of such Related Compensation from the relevant CompanyFund. For purposes of this Agreement, a “Dealer Shareholder” shall include any person or entity introduced by Dealer to a Company during the term of this Agreement, which invests in Shares of such Company. The Placement Agent Distributor shall pay any compensation described in this Section 4(b) to Dealer in respect of the Shares held by Dealer Shareholders for as long as Dealer Shareholders hold those Shares through an account maintained by the Dealer Shareholder at the Dealer, subject to the limitations set forth in Section 4(e). Distributor agrees that payments to Dealer described in this Section 4(b) and shall, upon the termination provisions direction of Section 12Dealer, be paid on behalf of Dealer directly to affiliates of Dealer which serve as Dealer’s clearing brokers it being understood that such compensation will be paid to Dealer by the clearing broker for Dealer’s provision of services hereunder.