Common use of Investments for the Accounts of Others Clause in Contracts

Investments for the Accounts of Others. Client understands and agrees that Adviser and its Affiliates may give advice and effect investment transactions for their own account and for the accounts of others to whom they may provide investment advisory services which may differ from advice given, or the time or nature of action taken, with respect to the Account. Client further understands and agrees that nothing herein shall restrict the ability of Adviser or its Affiliates to engage in any such transactions notwithstanding the fact that Client may have or may take a position of any kind for the Account or otherwise. Client further recognizes that transactions in a specific security may not be accomplished for all clients’ accounts at the same time or at the same price. Client also acknowledges that in managing the Account, Adviser may purchase or sell securities in which Adviser, its officers, directors, or employees, directly or indirectly, have or may acquire a position or interest.