Page 18 - TCP, LLC - Sustainable Island Prosperity Fund

THE OFFERING
• Participation in Distributions Net Cash Flow and Capital Gains from Asset Sales: The Class A Members shall also participate in a pro-rata percentage of seventy percent (70%) of any additional net income approved for distribution to the Class A Members. The Fund Manager shall, by the terms of the Operating Agreement (See “Exhibit B – Operating Agreement”), declare and distribute at least ninety percent (90%) of realized net income from Fund operations to the Members of the LLC and according to the Net Income Distribution schedule as defined in the Fund’s Operating Agreement. Realized net income is defined in the Operating Agreement and shall consist of, but not be limited to, income derived from real estate rental and leasing activities and capital gains from the sale of petroleum products and real estate assets.
• The Fund Manager intends to retain seven percent (7%) of net income initially as a reserve (the “Working Capital Reserve”) for unexpected expenses related to Fund operations. Any accrued Working Capital Reserve not utilized by the Fund will be treated as income and distributed to the Members of the LLC upon termination and winding down of the Fund’s operations.
The Caribbean Project, L.L.C.’s - Sustainable Island Prosperity Fund