agement fee 0%. all costierpnwes passed through'._ Incentive fee 20%, subject to high water mark 'C0RSanlearrnes rekde nrerlmerx rawer* actn re:, W xd n- <Kentaro:maim nate, Rene me otterodocunern lur *kW:furor * Placement fee 200%, subject to waiver Imestment qualificatinv Indrnduals At least