Common use of Compliance with Record Keeping Requirements Clause in Contracts

Compliance with Record Keeping Requirements. Selected Dealer agrees to comply with the record-keeping requirements of the Exchange Act, including but not limited to, Rules 17a-3 and 17a-4 promulgated under the Exchange Act. Selected Dealer further agrees to keep such records with respect to each customer who purchases Offered Shares, his or her suitability and the amount of Offered Shares sold, and to retain such records for such period of time as may be required by the SEC, any state securities commission, FINRA, the North American Securities Administrators Association, Inc. (“NASAA”) or the Company. Selected Dealer acknowledges that the record-keeping requirements described herein belong to the Selected Dealer exclusively; the Selected Dealer may not rely on the Dealer Manager for compliance with Rules 17a-3 and 17a-4 promulgated under the Exchange Act.