As a registered investment adviser, EIG is a fiduciary to its advisory clients and owes a fiduciary duty to each advisory client of the firm. EIG maintains a Code of Ethics policy, which protects the interests of each of its clients and places the client's interests first and foremost. EIG adheres to Section 206 of the Advisers Act which establishes federal fiduciary standards to govern the conduct of investment advisers. Further, EIG has Advisory Committees, which are Fund specific bodies that meet at least annually and serve in a consultative capacity on various Fund matters including, most notably, consideration of transactions and events that may be deemed to present a potential conflict of interest between a Fund, the General Partner and its affiliates, including other Funds. The Committee typically is comprised of a representative of the General Partner and a majority of Limited Partners who are not affiliated to the General Partner of the Fund and are selected as representatives of the Limited Partners of the Fund.