d if the Undersigned invests through a brokerage account. However, in limited circumstances the Placement Fee may be waived by the Placement Agent. This Placement Fee is in addition to, and will not reduce, the Undersigned's Capital Contribution. If the Placement Fee is (educed by agreement between the Placement

okerage account. However, in limited Ilf joint tenants, both may be required circumstances the Placement Fee may be waived by the Placement Agent. This Placement Fee is to initial; in addition to, and will not reduce, the Undersiqned's Capital Contrbution. If the Placement Fee is reduced by agreement between th

ed if the Undersigned invests through a brokerage account. However, in limited circumstances the Plaminent Fee may be waived by the Placement Agent. This Placement Fee is in addition to, and will not reduce, the Undersigned's Capital Commitment. If the Placement Fee is reduced by agreement between the Placement Ag