Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 66

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 66
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 from time to time. The Fund recognizes that in some cases this procedure may adversely affect the size of the position obtainable
for the Fund. The Fund understands that the persons employed by the Investment Adviser to assist in the performance of the Investment
Adviser’s duties under this Agreement may not devote their full time to such service, and that nothing contained in this Agreement
will be deemed to limit or restrict the right of the Investment Adviser to engage in and devote time and attention to other businesses
or to render services of whatever kind or nature. This Agreement will not in any way limit or restrict the Investment Adviser or any of
its affiliates, principals, officers, employees, or agents from buying, selling or trading any securities or other investment instruments
for its or their own account or for the account of others for whom it or they may be acting, so long as such activities do not adversely
affect or otherwise impair the performance by the Investment Adviser of its duties and obligations under this Agreement.

| 5 |

| 9. | Custody |

Nothing in this Agreement will require the Investment Adviser to take or
receive physical possession of cash, securities, or other investments of the Fund.

| 10. | Term of Agreement; Termination of Agreement; Amendment of Agreement |

(a) . This Agreement will become effective upon the acceptance
into the Fund of investment moneys other than seed capital from the Investment Adviser or its affiliate (the “Effective Date”),
and, unless terminated in accordance with its terms, will continue for an initial two-year term and after that initial two-year term so
long as such continuance is specifically approved at least annually as required by the 1940 Act.

(b) . This Agreement may be terminated, without penalty,
(i) by the Board of Trustees or by vote of holders of a majority of the outstanding shares of the Fund upon sixty (60) days’ prior
written notice to the Investment Adviser, (ii) by the Investment Adviser upon sixty (60) days’ prior written notice to the Fund,
or (iii) by Investment Adviser upon sixty (60) days’ prior written notice to the Fund. This Agreement also will terminate automatically
in the event of its “assignment,” as defined in the 1940 Act and the rules under the 1940 Act, except that to the extent consistent
with the Advisers Act and the 1940 Act, without the notice to or consent of the Fund, the Investment Adviser may