Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 62

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 62
---
 reckless disregard of its obligations and duties under this Agreement.
As used in this Section 4, the term “Investment Adviser” will include any affiliates of the Investment Adviser performing
services for the Fund contemplated by this Agreement and principals, officers and employees of the Investment Adviser and of such affiliates.

| 3 |

| 5. | Investment Adviser’s Duties Regarding Fund Transactions |

(a) . The Investment Adviser will take all actions
that it considers necessary to implement the investment policies of the Fund, and, in particular, to place all orders for the purchase
or sale of securities or other investments for the Fund with brokers or dealers the Investment Adviser, in its sole discretion, selects.
To that end, the Investment Adviser is authorized as the Fund’s agent to give instructions to the Fund’s custodian as to deliveries
of securities or other investments and payments of cash for the Fund’s account. In connection with the selection of brokers or dealers
and the placement of purchase and sale orders, the Investment Adviser is subject to the supervision of the Board of Trustees and is directed
at all times to seek to obtain best execution and price within the policy guidelines determined by the Board of Trustees, as may be amended
from time to time, and is subject to provisions (b), (c) and (d) of this Section 5.

(b) . To the extent permitted by
the policy guidelines adopted by the Fund, in the selection of brokers and dealers to execute portfolio transactions, the Investment Adviser
is authorized to consider not only the available prices and rates of brokerage commissions, but also other relevant factors, which may
include, without limitation: the execution capabilities of the brokers and dealers; the research, custody, and other services provided
by the brokers and dealers that the Investment Adviser believes will enhance its general portfolio management capabilities; the size of
the transaction; the difficulty of execution; the operational facilities of these brokers and dealers; the risk to a broker or dealer
of positioning a block of securities; and the overall quality of brokerage and research services provided by the brokers and dealers.
In connection with the foregoing, the Investment Adviser is specifically authorized to pay those brokers and dealers who provide brokerage
and research services to the Investment Adviser a higher commission than that charged by other brokers and dealers if the Investment Adviser
determines in good faith that the amount of the commission is reasonable in relation to the value of the services in terms of either the
particular transaction or in