Tilden Moschetti: My name is Tilden Moschetti. I'm a syndication attorney with the Moschetti Law Group. I'm working on private placement memorandums a lot of times syndicators asked me, What exactly
can I do to structure my fees? How should I do it? What's the best way?

Syndicators are doing their syndications, not only because they enjoy the process, but because they want to make money by doing it. So a question I oftentimes get is, "How can I structure my fees?"
There are a lot of ways that you can structure your fees. And the basic rule that I tell clients is, you can structure them any way that you want to as long as it's legal. And it's disclosed and known
to your investor. So it's completely legitimate to do a rule 506c offering, where you're getting 95% of all the profits and everything out of it and the investor is only getting 5%. As long as you
made it very, very, very clear that you're getting that 95%, and they're only getting that 5%, there is nothing that's that the rules say that is holding you back from doing that. You'll never find an
investor who's willing to do that, but you can technically do it that way. So that opens up a lot of different ways. So whether you are choosing to do a preferred return with a waterfall, or you're
choosing to do a what we call a harvest, promote, or whether you're just taking equity off the top, sometimes called a rake. Those are all legitimate ways of doing a syndication and doing fees as part
of it. And there can also be the asset management fees that people can make as part of it. And because I've syndicated so many different projects, I can give you advice to along the way if you decide
to hire our firm about, you know what's normal, and like what do I normally see as working and not being and being successful. So you can make up your own mind about you know, just how how you'd like
to push the envelope of how much money you can make in your fees. If you need some help with your syndication, be it for real estate, you're an entrepreneur, you're raising some capital for your
business, or you're putting together that new cryptocurrency hedge fund. Give us a call. My name is Tilden Moschetti. I am a syndication attorney or visit us online on at www.moschettilaw.com or if

you need help just with your private placement memorandums, we've got you covered there too: ppm.moschettilaw.com.