Common use of Marketing and Other Related Matters Clause in Contracts

Marketing and Other Related Matters. (a) The Advisor’s marketing personnel, properly licensed with the NFA, shall visit key prospects, such as broker/dealer management or influential financial advisors, or speak at conferences to assist in the marketing of the Partnership from time-to-time at the request of General Partner. (b) The Advisor shall receive broker/dealer due diligence officers or third party due diligence firms who seek to visit the Advisor’s office as required by those firms, who may be accompanied by a representative of the General Partner. This shall be only for firms that the General Partner recommends as highly likely to make sufficient sales to be worth the time and expense. (c) The General Partner and the Advisor shall organize, at the Advisor’s expense, four meetings per year in the Washington, D.C. area, or another area to be mutually agreed upon, for select financial advisors from around the United States, with a cap of thirty (30) financial advisors per meeting. A senior member of the Advisor’s management shall be present at each of these meetings, along with one or more of the Advisor’s marketing personnel. The General Partner shall invite advisors who have shown evidence of a high probability of significant sales of the Partnership. These meetings shall serve to familiarize financial advisors with the Partnership, the Advisor and the General Partner. Expenses billed to the Advisor for the event, including reimbursement to financial advisors for their travel, meals and lodging shall not exceed an average of $1,000 per advisor. (d) The General Partner shall organize up to ten (10) regional meetings for financial advisors in various cities around the United States. The Advisor shall cover all expenses for these meetings, including hotel and meal expenses (including room costs for up to two General Partner personnel) up to a total of $100,000 per year. These expenses shall not include travel expense reimbursements for financial advisors which shall be met by those financial advisors themselves or the General Partner and not the Advisor. A sales or marketing representative from the Advisor shall be present at each meeting, along with appropriate personnel from the General Partner. The possibility of a good quality video/audio link shall be considered to connect to senior management at the Advisor’s home office in London for presentations. The $100,000 per year expenses cap mentioned above shall also include reimbursement of reasonable travel expenses for due diligence officers and an accompanying representative of the General Partner to visit the Advisor’s offices in London for due diligence purposes as described in 8(b) above and therefore the total expenses payable by the Advisor under 8(b) and 8(d) above shall not exceed $100,000 per year. (e) The Advisor shall review its policy of providing expenses and personnel for the meetings referred to in 8(a)-(d) above annually beginning 12 months from the first day of trading of the Partnership. (f) The caps on marketing and due diligence expenses payable by the Advisor in 8(b)-(d) above for 2008 shall be prorated reflecting a partial year. (g) The General Partner shall be responsible for the preparation of the marketing and due diligence material for the Partnership and the Advisor shall provide the General Partner with all reasonable assistance with regards to marketing material design for the Partnership (e.g., sharing graphic design and other marketing ideas it has developed) and shall write trading and performance commentary to accompany monthly fund statements. (h) The General Partner shall have all disclosures or references with regard to the Advisor in all marketing and due diligence material and in the Fund Documents approved by Advisor in writing in advance. (i) The General Partner shall provide the Advisor of reasonable prior written notice of the events/meetings described 8(a)-(d) above.

Appears in 4 contracts

Samples: Advisory Agreement (Aspect Global Diversified Fund LP), Advisory Agreement (Aspect Global Diversified Fund LP), Advisory Agreement (Aspect Global Diversified Fund LP)

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