Common use of Compensation of the Investment Manager Clause in Contracts

Compensation of the Investment Manager. For the services to be rendered by the Investment Manager as provided in Sections 1 and 2 of this Agreement, the Investment Manager is entitled to receive from persons who purchase Units of the Company (“Members”) an annual management fee (the “Management Fee”). The Management Fee is equal to 1.50% of the net asset value of each Member’s Units and will be subject to an adjustment (the “Management Fee Adjustment”) based on the annual returns of each Member’s Units. The Investment Manager’s fee is calculated and accrued monthly and is paid out to the Investment Manager on a quarterly basis. The Management Fee Adjustment will be determined in accordance with the scale as specified in the Schedule(s) which is attached hereto and made part of this Agreement. For purposes of determining the Management Fee, net assets will be determined by taking into account net realized gain or loss and the net change in unrealized appreciation or depreciation of net assets. All rights of compensation under this Agreement for services performed as of the termination date shall survive the termination of this Agreement.

Compensation of the Investment Manager. For the services to be rendered by the Investment Manager as provided in Sections 1 and 2 of this Agreement, the Investment Manager is entitled to receive from persons who purchase Units of the Company (“"Members”") an annual management fee (the “"Management Fee”"). The Management Fee is equal to 1.50% of the net asset value of each Member’s 's Units and will be subject to an adjustment (the “"Management Fee Adjustment”") based on the annual returns of each Member’s 's Units. The Investment Manager’s 's fee is calculated and accrued monthly and is paid out to the Investment Manager on a quarterly basis. The Management Fee Adjustment will be determined in accordance with the scale as specified in the Schedule(s) which is attached hereto and made part of this Agreement. For purposes of determining the Management Fee, net assets will be determined by taking into account net realized gain or loss and the net change in unrealized appreciation or depreciation of net assets. All rights of compensation under this Agreement for services performed as of the termination date shall survive the termination of this Agreement.

Compensation of the Investment Manager. For the services to be rendered by the Investment Manager as provided in Sections 1 and 2 of this Agreement, the Investment Manager is entitled to receive from persons who purchase Units of the Company (“"Members”") an annual management fee (the “"Management Fee”"). The Management Fee is equal to 1.501.25% of the net asset value of each Member’s 's Units and will be subject to an adjustment (the “"Management Fee Adjustment”") based on the annual returns of each Member’s 's Units. The Investment Manager’s 's fee is calculated and accrued monthly and is paid out to the Investment Manager on a quarterly basis. The Management Fee Adjustment will be determined in accordance with the scale as specified in the Schedule(s) which is attached hereto and made part of this Agreement. For purposes of determining the Management Fee, net assets will be determined by taking into account net realized gain or loss and the net change in unrealized appreciation or depreciation of net assets. All rights of compensation under this Agreement for services performed as of the termination date shall survive the termination of this Agreement.