Common use of Other Activities of the Managing Member Clause in Contracts

Other Activities of the Managing Member. No provision in this Agreement shall prevent the Managing Member from engaging in other activities or businesses, or from acting as advisor to any other person or entity even though such person or entity has investment policies and objectives similar to those of the Company, and no provision shall prevent the Managing Member from receiving compensation for rendering advice to other investors and managing other investments, including investors and investments advised, sponsored, or organized by the Managing Member, and including joint ventures and partnerships in which the Company is a co-venturer or partner. The Managing Member shall not, however, disclose any confidential information of the Company to other persons or entities, unless such information is then public knowledge through no fault of the Managing Member, is properly provided to the Managing Member without restriction by a third party or is already in the Managing Member’s possession at the time of receipt by the Company. The Managing Member shall notify the Board of Directors of the Company of the Managing Member’s engagement in other activities or businesses which may result in the Managing Member having a conflict of interest with the Managing Member’s obligations hereunder. pg. 5