Common use of Services of Adviser Clause in Contracts

Services of Adviser. By execution of this Agreement, Adviser accepts the appointment as investment adviser and agrees to direct the investments of the Account. It is agreed that the sole standard of care imposed upon Adviser by this Agreement is to act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims. It is agreed that Adviser, in the maintenance of its records, does not assume responsibility for the accuracy of information furnished by Client or any other party. Client should refer to the Adviser’s Form ADV Part 2A and/or other appropriate disclosure documents for a complete discussion of the services offered, including a description of all fees and expenses associated with the services.