Pursuant to [Section 8] of the IMA, as full compensation for all administrative and investment management and advisory services furnished or provided by FCM, the Company pays FCM a management fee, consisting of i) a base management fee (the “Base Management Fee”), calculated and paid quarterly in arrears, at an annual rate of 2.00% of the gross assets (calculated as described in the IMA) of the Company for such quarter, and (ii) an incentive fee (the “Incentive Fee”), calculated as described in the IMA and paid in arrears after the end of each fiscal year (the Base Management Fee and the Incentive Fee together, the “Management Fee”).