Common use of Custody; Brokerage; Trade Confirmations; Account Statements; Performance Reports Clause in Contracts

Custody; Brokerage; Trade Confirmations; Account Statements; Performance Reports. Unless Client instructs Adviser otherwise, Adviser will place orders for the execution of transactions with or through such brokers, dealers, or banks, as Adviser may select. Such custodian will act as Client’s Custodian. The custodian will take possession of all cash, securities and other assets in the Account in safekeeping and under its control until otherwise directed in writing by Client. The custodian shall provide Client with confirmations of trades executed on behalf of the Client as and when required by applicable law and with periodic account statements, which shall be provided at least quarterly, identifying the amount of funds and of each security in the account at the end of the applicable period and setting forth all transactions, including the payment of any fees, in the account during the applicable period. Client agrees to suppress individual trade confirmations in favor of receiving a summary of all transactions not less than quarterly. In addition, Client chooses to have electronic access to all confirmations and statements. In lieu of separate trade confirmations, information from the confirmation will be reported at least quarterly via the brokerage statement. You can obtain upon request to Adviser and at no additional charge, information regarding any trade confirmation for your account, and a paper or electronic copy of any trade confirmation. Adviser will also have access to a confirmation of each trade. All orders for the purchase and sale of securities for the Account shall be placed in such markets, through such brokers, dealers or other parties, at such prices and at such commission rates, as the case may be, as in the good faith judgment of Adviser is prudent; provided that such execution is consistent with this Agreement, any applicable securities laws, and any applicable United States Department of Labor Prohibited Transaction Class Exemptions. In selecting a broker, dealer or other party for any transaction or series of transactions, Adviser may consider a number of factors, including, for example, net price, reputation, financial strength and stability, efficiency of execution, block trading and block positioning capabilities, willingness to execute related or unrelated difficult transactions in the future, order of call and other matters ordinarily involved in the receipt of brokerage services generally. Client agrees that Adviser may aggregate sales and purchase orders of securities held in the Account with similar orders being made simultaneously for other accounts managed by Adviser if, in Adviser’s reasonable judgment, such aggregation shall result in an overall economic benefit to the Account. Client acknowledges that Adviser’s determination of such economic benefit to the Account is based on an evaluation that the Account is benefited by relatively better purchase or sales prices, lower commission or other transaction expenses and beneficial timing of transactions, or a combination of these and other like or unlike factors. When aggregate sales and purchase orders occur, the objective of Adviser shall be to allocate the executions among the accounts managed by Adviser in a manner believed by Adviser to be fair and equitable for all accounts involved.

Custody; Brokerage; Trade Confirmations; Account Statements; Performance Reports. Unless Client instructs Adviser otherwise, Adviser will may place orders for the execution of transactions with or through such brokers, dealers, or banks, as Adviser may select, (including Xxxxxxx Xxxxxx, which is also registered as a broker/dealer with FINRA, SEC and various states). Such custodian Xxxxxxx Xxxxxx will act as Client’s Custodian. The custodian will take possession of all cash, securities and other assets in the Account in safekeeping and under its control until otherwise directed in writing by Client. The custodian shall provide Client with confirmations of trades executed on behalf of the Client as and when required by applicable law and with periodic account statements, which shall be provided at least quarterly, identifying the amount of funds and of each security in the account at the end of the applicable period and setting forth all transactions, including the payment of any fees, in the account during the applicable period. By checking this box, Client agrees chooses to suppress individual paper trade confirmations in favor of receiving a summary of all transactions not less than quarterly. In addition, Client chooses customers may choose to have electronic access to all confirmations and statements. In lieu of separate trade confirmations, information from the confirmation will be reported at least quarterly via the brokerage statement. You can obtain upon request to Adviser and at no additional charge, information regarding any trade confirmation for your account, and a paper or electronic copy of any trade confirmation. Adviser will also have access to a confirmation of each trade. All orders for the purchase and sale of securities and derivative instruments for the Account shall be placed in such markets, through such brokers, dealers or other parties, at such prices and at such commission rates, as the case may be, as in the good faith judgment of Adviser is prudent; provided that such execution is consistent with this Agreement, any applicable securities laws, and any applicable United States Department of Labor Prohibited Transaction Class Exemptions. In selecting a broker, dealer or other party for any transaction or series of transactions, Adviser may consider a number of factors, including, for example, net price, reputation, financial strength and stability, efficiency of execution, block trading and block positioning capabilities, willingness to execute related or unrelated difficult transactions in the future, order of call and other matters ordinarily involved in the receipt of brokerage services generally. Client understands and agrees that Adviser may effect securities transactions which cause the Account to pay a commission in excess of the commission another broker would have charged, provided, however, that any such transaction is effected in compliance with Section 28(e) of the Securities Exchange Act of 1934, as amended, and Adviser determines in good faith that such amount of commission is reasonable in relation to the value of brokerage services provided by such broker, viewed in terms of either the specific transaction or Adviser’s overall responsibilities to the accounts for which Adviser exercises investment discretion. Client agrees that Adviser may aggregate sales and purchase orders of securities held in the Account with similar orders being made simultaneously for other accounts managed by Adviser if, in Adviser’s reasonable judgment, such aggregation shall result in an overall economic benefit to the Account. Client acknowledges that Adviser’s determination of such economic benefit to the Account is based on an evaluation that the Account is benefited by relatively better purchase or sales prices, lower commission or other transaction expenses and beneficial timing of transactions, or a combination of these and other like or unlike factors. When aggregate sales and purchase orders occur, the objective of Adviser shall be to allocate the executions among the accounts managed by Adviser in a manner believed by Adviser to be fair and equitable for all accounts involved.