Common use of Volume Discounts Clause in Contracts

Volume Discounts. (i) Notwithstanding the provisions set forth above, and subject to certain conditions and exceptions explained below, the Selling Commission to be paid to you shall be reduced for Shares sold to single investors who make an initial cash investment or, in the aggregate, combined additional investments of at least $500,000.00 through the same Soliciting Dealer. The per Share discount will apply to the specific range of each Share purchased in the total volume ranges set forth in the following schedule: Amount of Selling Commission Volume Range of Purchaser’s Investment Maximum Reallowable Commission Volume Discount From To Per Share 1 % $ 500,001 $ 1,000,000 6 % 2 % $ 1,000,001 $ 2,000,000 5 % 3 % $ 2,000,001 $ 3,000,000 4 % 4 % $ 3,000,001 $ 4,000,000 3 % 5 % $ 4,000,001 $ 5,000,000 2 % 6 % $ 5,000,001 and over 1 % Any reduction in the amount of the Selling Commissions in respect of volume discounts received will be credited to the investor in the form of additional Shares. As an example, a single purchaser who invests $1,250,000 in Shares would receive 126,015 Shares rather than 125,000 Shares and would pay selling commission of $77,500. The discount would be calculated as follows: for the first $500,000 invested, the purchaser would acquire 50,000 Shares at a cost of $10.00 per Share (selling commissions of $.07 per Share); for the next $500,000 invested, the purchaser would acquire 50,505 Shares at a cost of $9.90 per Share (selling commissions of $.06 per Share); and for the last $250,000 invested, the purchaser would acquire 25,510 Shares at a cost of $9.80 per Share (selling commissions of $.05 per Share).

Volume Discounts. (i) Notwithstanding the provisions set forth aboveof Section 4(a) hereof, and subject to certain conditions and exceptions explained below, the Selling Commission to be paid to you by the Company shall be reduced for Shares sold to single investors who make an initial cash investment or, in the aggregate, combined additional investments of at least $500,000.00 through the same Soliciting Dealer. The per Share discount will apply to the specific range of each Share purchased in the total volume ranges set forth in the following schedule: Amount of Selling Commission Volume Range of Purchaser’s Investment Maximum Reallowable Commission Volume Discount From To Per Share 1 1% $ 500,001 $ 1,000,000 6 6% 2 2% $ 1,000,001 $ 2,000,000 5 5% 3 3% $ 2,000,001 $ 3,000,000 4 4% 4 8 4% $ 3,000,001 $ 4,000,000 3 3% 5 5% $ 4,000,001 $ 5,000,000 2 2% 6 6% $ 5,000,001 and over 1 1% Any reduction in the amount of the Selling Commissions in respect of volume discounts received will be credited to the investor in the form of additional Shares. As an example, a single purchaser who invests $1,250,000 in Shares would receive 126,015 Shares rather than 125,000 Shares and the Selling Commission would pay selling commission of be $77,500. The discount would be calculated as follows: for the first $500,000 invested, the purchaser would acquire 50,000 Shares at a cost of $10.00 per Share (selling commissions Selling Commissions of $.07 per Share); for the next $500,000 invested, the purchaser would acquire 50,505 Shares at a cost of $9.90 per Share (selling commissions Selling Commissions of $.06 per Share); and for the last $250,000 invested, the purchaser would acquire 25,510 Shares at a cost of $9.80 per Share (selling commissions Selling Commissions of $.05 per Share).

Volume Discounts. (i) Notwithstanding the provisions set forth aboveof Section 4(a) hereof, and subject to certain conditions and exceptions explained below, the Selling Commission to be paid to you by the Company shall be reduced for Shares sold to single investors who make an initial cash investment or, in the aggregate, combined additional investments of at least $500,000.00 through the same Soliciting Dealer. The per Share discount will apply to the specific range of each Share purchased in the total volume ranges set forth in the following schedule: Amount of Selling Commission Volume Range of Maximum Reallowable Commission Purchaser’s Investment Maximum Reallowable Commission Volume Discount From To Per Share 1 % $ 500,001 $ 1,000,000 6 % 2 % $ 1,000,001 $ 2,000,000 5 % 3 % $ 2,000,001 $ 3,000,000 4 % 4 % $ 3,000,001 $ 4,000,000 3 % 5 % $ 4,000,001 $ 5,000,000 2 % 6 % $ 5,000,001 and over 1 % Any reduction in the amount of the Selling Commissions in respect of volume discounts received will be credited to the investor in the form of additional Shares. As an example, a single purchaser who invests $1,250,000 in Shares would receive 126,015 Shares rather than 125,000 Shares and the Selling Commission would pay selling commission of be $77,500. The discount would be calculated as follows: for the first $500,000 invested, the purchaser would acquire 50,000 Shares at a cost of $10.00 per Share (selling commissions Selling Commissions of $.07 per Share); for the next $500,000 invested, the purchaser would acquire 50,505 Shares at a cost of $9.90 per Share (selling commissions Selling Commissions of $.06 per Share); and for the last $250,000 invested, the purchaser would acquire 25,510 Shares at a cost of $9.80 per Share (selling commissions Selling Commissions of $.05 per Share).

Volume Discounts. (i) Notwithstanding the provisions set forth above, and subject to certain conditions and exceptions explained below, the Selling Commission to be paid to you shall be reduced for Shares sold to single investors who make an initial cash investment or, in the aggregate, combined additional investments of at least $500,000.00 through the same Soliciting Dealer. The per Share discount will apply to the specific range of each Share purchased in the total volume ranges set forth in the following schedule: Amount of Selling Commission Volume Range of Purchaser’s Investment Maximum Reallowable Commission Volume Discount From To Per Share 1 1% $ 500,001 $ 1,000,000 6 6% 2 2% $ 1,000,001 $ 2,000,000 5 5% 3 3% $ 2,000,001 $ 3,000,000 4 4% 4 4% $ 3,000,001 $ 4,000,000 3 3% 5 5% $ 4,000,001 $ 5,000,000 2 2% 6 6% $ 5,000,001 and over 1 1% Any reduction in the amount of the Selling Commissions in respect of volume discounts received will be credited to the investor in the form of additional Shares. As an example, a single purchaser who invests $1,250,000 in Shares would receive 126,015 Shares rather than 125,000 Shares and would pay selling commission of $77,500. The discount would be calculated as follows: for the first $500,000 invested, the purchaser would acquire 50,000 Shares at a cost of $10.00 per Share (selling commissions of $.07 per Share); for the next $500,000 invested, the purchaser would acquire 50,505 Shares at a cost of $9.90 per Share (selling commissions of $.06 per Share); and for the last $250,000 invested, the purchaser would acquire 25,510 Shares at a cost of $9.80 per Share (selling commissions of $.05 per Share).

Volume Discounts. (i) Notwithstanding the provisions set forth aboveof Section 4(a) hereof, and subject to certain conditions and exceptions explained below, the Selling Commission to be paid to you by the Company shall be reduced for Shares sold to single investors who make an initial cash investment or, in the aggregate, combined additional investments of at least $500,000.00 through the same Soliciting Dealer. The per Share discount will apply to the specific range of each Share purchased in the total volume ranges set forth in the following schedule: Amount of Selling Commission Volume Range of Purchaser’s Investment Maximum Reallowable Commission Volume Discount From To Per Share 1 % $ 500,001 $ 1,000,000 6 % 2 % $ 1,000,001 $ 2,000,000 5 % 3 % $ 2,000,001 $ 3,000,000 4 % 4 % $ 3,000,001 $ 4,000,000 3 % 5 % $ 4,000,001 $ 5,000,000 2 % 6 % $ 5,000,001 and over 1 % Any reduction in the amount of the Selling Commissions in respect of volume discounts received will be credited to the investor in the form of additional Shares. As an example, a single purchaser who invests $1,250,000 in Shares would receive 126,015 Shares rather than 125,000 Shares and the Selling Commission would pay selling commission of be $77,500. The discount would be calculated as follows: for the first $500,000 invested, the purchaser would acquire 50,000 Shares at a cost of $10.00 per Share (selling commissions Selling Commissions of $.07 per Share); for the next $500,000 invested, the purchaser would acquire 50,505 Shares at a cost of $9.90 per Share (selling commissions Selling Commissions of $.06 per Share); and for the last $250,000 invested, the purchaser would acquire 25,510 Shares at a cost of $9.80 per Share (selling commissions Selling Commissions of $.05 per Share).

Volume Discounts. (i) Notwithstanding the provisions set forth aboveof Section 4(a) hereof, and subject to certain conditions and exceptions explained below, the Selling Commission to be paid to you by the Company shall be reduced for Shares sold to single investors who make an initial cash investment or, in the aggregate, combined additional investments of at least $500,000.00 through the same Soliciting Dealer. The per Share discount will apply to the specific range of each Share purchased in the total volume ranges set forth in the following schedule: Amount of Selling Commission Volume Range of Purchaser’s Investment Maximum Reallowable Commission Volume Discount From To Per Share 1 % $ 500,001 $ 1,000,000 6 % 2 % $ 1,000,001 $ 2,000,000 5 % 3 % $ 2,000,001 $ 3,000,000 4 % Amount of Selling Commission Volume Range of Purchaser’s Investment Maximum Reallowable Commission Volume Discount From To Per Share 4 % $ 3,000,001 $ 4,000,000 3 % 5 % $ 4,000,001 $ 5,000,000 2 % 6 % $ 5,000,001 and over 1 % Any reduction in the amount of the Selling Commissions in respect of volume discounts received will be credited to the investor in the form of additional Shares. As an example, a single purchaser who invests $1,250,000 in Shares would receive 126,015 Shares rather than 125,000 Shares and the Selling Commission would pay selling commission of be $77,500. The discount would be calculated as follows: for the first $500,000 invested, the purchaser would acquire 50,000 Shares at a cost of $10.00 per Share (selling commissions Selling Commissions of $.07 per Share); for the next $500,000 invested, the purchaser would acquire 50,505 Shares at a cost of $9.90 per Share (selling commissions Selling Commissions of $.06 per Share); and for the last $250,000 invested, the purchaser would acquire 25,510 Shares at a cost of $9.80 per Share (selling commissions Selling Commissions of $.05 per Share).