Laserfiche WebLink
Municipal Advisory Service Agreement <br />4 <br />potential conflict of interest because, if the transaction requires more work than originally <br />contemplated, Northland may suffer a loss. Thus, Northland may recommend less time-consuming <br />alternatives, or fail to do a thorough analysis of alternatives. This conflict of interest is mitigated by <br />supervisory policies and procedures to ensure the scope of services within the transaction align with <br />other comparable engagements. By executing this Agreement, the Client acknowledges and accepts <br />the potential conflicts of interest posed by the compensation to Northland. Northland does not <br />participate in any payments to be retained, nor participate in any fee splitting agreements or <br />arrangements. <br />Northland is a subsidiary of Northland Capital Holdings, Inc. First National of Nebraska, Inc. <br />(“FNNI”), is the parent company of Northland Capital Holdings, Inc. and First National Bank of <br />Omaha. <br /> <br />Under FNNI, Northland and its affiliates are comprised of a securities firm and a commercial bank. <br />These entities provide investment banking, asset management, financing, financial advisory services <br />and other commercial and investment banking products and services to a wide range of corporations <br />and individuals. In addition, Northland and its affiliates currently have, and may in the future have, <br />investment and commercial banking, trust, and other relationships with parties that may relate to <br />assets of, or be involved in the issuance of securities and/or instruments by, the Client and its affiliates. <br />In the ordinary course of their respective businesses, Northland and its affiliates have engaged, and <br />may in the future engage, in transactions with, and perform services for, the Client and its affiliates for <br />which they received or will receive customary fees and expenses. <br /> <br />Northland is a broker-dealer that engages in a broad range of securities-related activities to service its <br />clients, in addition to serving as a Municipal Advisor or Underwriter. Such securities-related activities, <br />which may include but are not limited to the buying and selling of outstanding securities, including <br />securities of the Client, may be undertaken on behalf of, or as counterparty to, the Client, and current <br />or potential investors in the securities of the Client. These other Northland clients may, from time to <br />time and depending on the specific circumstances, have interests in conflict with those of the Client, <br />such as when their buying or selling of the Client’s securities may have an adverse effect on the market <br />for the Client’s securities. However, any potential conflict arising from Northland effecting or <br />otherwise assisting such other clients in connection with such transactions is mitigated by means of <br />such activities being engaged in on customary terms through other business units of Northland that <br />operate independently from Northland’s Municipal Advisory business, thereby reducing or <br />eliminating the likelihood that the interests of such other clients would have an impact on the services <br />provided by Northland to the Client under this Agreement. Northland has policies and procedures in <br />place to ensure that Northland as a broker-dealer or its affiliates are not participating in bidding or <br />determining market prices for the Client’s transaction that is covered under this Agreement. <br /> <br />Northland Bond Services is a division of First National Bank of Omaha. Northland Bond Services <br />provides paying agent services to issuers of municipal bonds. The Client is solely responsible for the <br />decision on the source of paying agent services. Any engagement of Northland Bond Services is