The Advisor shall receive a  management fee equal to .35% of Total Assets (before depreciation and amortization).  The  fee shall be paid monthly and be calculated by multiplying Total Assets (before depreciation and amortization) (on the last day of the immediately preceding month) by .35% and dividing the result by twelve (12).  At the option of the Advisor, the Management Fee shall be payable either in cash or Shares.
management