Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 57

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 57
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ovenants and agreements
set out in this Agreement, the Fund and the Investment Adviser agree as follows:

| 1. | Investment Description; Appointment |

(a) . The Fund will invest and reinvest its
assets in accordance with the investment objective, policies and limitations specified in the prospectus (the “Prospectus”)
filed with the Securities and Exchange Commission (the “SEC”) as part of the Fund’s registration statement on Form N-2
(the “Registration Statement”), as the Fund may periodically amend such investment objective, policies and limitations.

(b) . The Fund will employ the
Investment Adviser to act as the investment adviser of the Fund and to furnish the management and investment advisory services described
below, subject to the policies of, review by and overall control of the Board of Trustees of the Fund (the “Board of Trustees”),
for the period and on the terms and conditions set out in this Agreement. The Investment Adviser accepts such employment and agrees during
such period, at its own expense, to render, or arrange for the rendering of, such services and to assume the obligations set out in this
Agreement for the compensation provided for in this Agreement. The Investment Adviser for all purposes in this Agreement will be deemed
to be an independent contractor and, unless otherwise expressly provided or authorized in this Agreement, will have no authority to act
for or represent the Fund in any way or otherwise be deemed an agent of the Fund.

| 2. | Duties of the Investment Adviser |

(a) .

(1) The Investment Adviser will perform, or arrange for its affiliates
to perform, the management services necessary for the operation of the Fund. The Investment Adviser will provide the Fund with office
space, facilities, equipment and necessary personnel (which may be its own) and such other services as the Investment Adviser, subject
to review by the Board of Trustees, from time to time will determine to be necessary or useful to perform its obligations under this Agreement.
The Investment Adviser, also on behalf of the Fund, will conduct affairs with custodians, depositories, transfer agents, pricing agents,
dividend disbursing agents, other shareholder servicing agents, accountants, attorneys, underwriters, brokers and dealers, corporate fiduciaries,
insurers, banks and such other persons in any such other capacity deemed to be necessary or desirable.

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(2) The Investment Adviser will, subject to the supervision of the Board
of Trustees,