Common use of Duties of the Manager; Exclusivity Clause in Contracts

Duties of the Manager; Exclusivity. (a) Ajax, for itself, the General Partner, the Operating Partnership and any other current and future subsidiaries of Ajax, employs the Manager to provide management, corporate governance, administrative and other services to the Company pursuant to this Agreement, subject to the supervision of the Board of Directors of Ajax (the “Ajax Board of Directors”). Such services will be provided for the period and upon the terms herein set forth, in each case, in accordance with the investment objectives, policies and restrictions determined by the Ajax Board of Directors and in accordance with all applicable federal, state and local laws, rules and regulations.