Company: SRV
Filing Date: 2025-04-10
Form Type: N-2
Source: 0001398344-25-006954
Chunk: 101

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-04-10
Form: N-2
Chunk 101
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 and were based on the Covered Person’s determination
that those actions were in the best interests of the Trust and its Shareholders; provided that the Covered Person is not an Interested
Person (or is an Interested Person solely by reason of being an officer of the Trust).

(e) Any repeal or modification
of this Article IV by the Shareholders, or adoption or modification of any other provision of the Declaration or By-Laws inconsistent
with this Article, shall be prospective only, to the extent that such repeal, or modification would, if applied retrospectively, adversely
affect any limitation on the liability of any Covered Person or indemnification available to any Covered Person with respect to any act
or omission which occurred prior to such repeal, modification or adoption. Any such repeal or modification by the Shareholders shall require
a vote of at least two-thirds of the Outstanding Shares entitled to vote and present in person or by proxy at any meeting of the Shareholders.

<div align='center'>C-4</div>

Section 4. Indemnification of Shareholders.

(a) If any Shareholder or
former Shareholder of the Trust (as opposed to a Shareholder or former Shareholder of any Series) shall be held personally liable solely
by reason of his being or having been a Shareholder and not because of his acts or omissions or for some other reason, the Shareholder
or former Shareholder (or his heirs, executors, administrators or other legal representatives or in the case of any entity, its general
successor) shall be entitled out of the assets belonging to the Trust to be held harmless from and indemnified against all loss and expense
arising from such liability. The Trust shall, upon request by such Shareholder, assume the defense of any claim made against such Shareholder
for any act or obligation of the Trust and satisfy any judgment thereon from the assets of the Series.

(b) If any Shareholder or
former Shareholder of any Series shall be held personally liable solely by reason of his being or having been a Shareholder and not because
of his acts or omissions or for some other reason, the Shareholder or former Shareholder (or his heirs, executors, administrators or other
legal representatives or in the case of any entity, its general successor) shall be entitled out of the assets belonging to the applicable
Series to be held harmless from and indemnified against all loss and expense arising from such liability. The Trust, on behalf of the
affected Series, shall,