Common use of Licensing of Investment Advisor’s Staff Clause in Contracts

Licensing of Investment Advisor’s Staff. (if desired) • $2,800 per year per registered representative • Quasar sponsors the following licenses: Series 6, 7, 24, 26, 27, 63, 66 • $3,000 per FINRA designated branch location • All associated FINRA and state fees for registered representatives, including license and renewal fees Fund Fact Sheets • Design - $1,000 per fact sheet, includes first production • Production - $500 per fact sheet per each production period • All printing costs are out-of-pocket expenses in addition to the design and production fees • Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support Fee (Fund Complex)* • $3,000 per year Out-of-Pocket Expenses Reasonable out-of-pocket expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of shares, including, but not limited to: • Typesetting, printing and distribution of prospectuses and shareholder reports • Production, printing, distribution, and placement of advertising, sales literature, and materials • Engagement of designers, free-xxxxx writers, and public relations firms • Postage, overnight delivery charges • FINRA registration fees other costs to fulfill regulatory requirements • Record retention (Including RR email correspondence if applicable) • Travel, lodging, and meals * Subject to annual CPI increase - All Urban Consumers - U.S. City Average

Licensing of Investment Advisor’s Staff. (if desired) • For 2015,$2,500 /year per registered representative • From 1/1/2016, $2,800 per 2,800/year per registered representative • Quasar sponsors the following licenses: Series 6, 7, 24, 26, 27, 63, 66 • $3,000 per FINRA /FINRA designated branch location • All associated FINRA and state fees for registered representatives, including license and renewal fees Fund Fact Sheets • Design - $1,000 per fact /fact sheet, includes first production • Production - $500 per fact /fact sheet per each production period • All printing costs are out-of-pocket expenses expenses, and in addition to the design fee and production fees fee • Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support Fee (Fund Complex)* • $3,000 per year Out-of-Pocket Expenses Reasonable out-of-pocket expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of sharesShares, including, but not limited towithout limitation: • Typesetting, printing and distribution of prospectuses Prospectuses and shareholder reports • Production, printing, distribution, and placement of advertising, sales literature, and materials • Engagement of designers, free-xxxxx writers, and public relations firms • Postage, overnight delivery charges • FINRA registration fees other costs to fulfill regulatory requirements for Investment Advisor’s personnel (Including U5 charge if applicable) • Record retention (Including including RR email correspondence if applicable) • Travel, lodging, and meals * Subject to annual CPI increase - All Urban Consumers - U.S. City AverageFees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) } • $2,800 per year [ ] /year per registered representative • Quasar sponsors the following licenses: Series 6, 7, 24, 26, 27, 63, 66 • $3,000 per FINRA [ ] /FINRA designated branch location • All associated FINRA FlNRA and state fees for registered representatives, including license and renewal fees Fund Fact Sheets • Design - $1,000 per fact [ ] /fact sheet, includes first production • Production - $500 per fact [ ] /fact sheet per each production period • All printing costs are out-of-pocket expenses in addition to the design and production fees • Web sites, third-party data provider costs, brochures, and other sales support materials – - Project priced via Quasar proposal Chief Compliance Officer Support Fee (Fund Complex)* • $3,000 per year Out-of-Pocket Expenses Reasonable out-of-pocket expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of shares, including, but not limited to: • Typesetting, printing and distribution of prospectuses and shareholder reports • Production, printing, distribution, and placement of advertising, sales literature, and materials • Engagement of designers, free-xxxxx lxxxx writers, and public relations firms • Postage, overnight delivery charges • FINRA registration fees other costs to fulfill regulatory requirements (Including late U5 charge if applicable) • Record retention (Including RR email correspondence if applicable) • Travel, lodging, and meals * *Subject to annual CPI increase - All Urban Consumers - U.S. City Averageincrease, Milwaukee MSA. Fees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) • § $2,800 [ ] per year per registered representative • § Quasar sponsors the following licenses: Series 6, 7, 24, 26, 27, 63, 66 • § $3,000 [ ] per FINRA designated branch location • § All associated FINRA and state fees for registered representativesRegistered Representatives, including license and renewal fees Fund Fact Sheets • § Design - $1,000 [ ] per fact sheet, includes first production • § Production - $500 [ ] per fact sheet per each production period • § All printing costs are out-of-pocket expenses in addition to the design fee and production fees • fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support Fee (Fund Complex)* • § $3,000 per year [ ] /year Out-of-Pocket Expenses Reasonable out-of-pocket expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of shares, including, but not limited to: • § Typesetting, printing and distribution of prospectuses and shareholder reports • § Production, printing, distribution, and placement of advertising, sales literature, and materials • § Engagement of designers, free-xxxxx lxxxx writers, and public relations firms • § Postage, overnight delivery charges • § FINRA registration fees and other costs to fulfill regulatory requirements • § Record retention (Including RR email correspondence correspondence, if applicable) • § Travel, lodging, and meals * *Subject to annual CPI increase - All Urban Consumers - U.S. City AverageAverage Fees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) • $2,800 per year per registered representative • Quasar sponsors the following licenses: Series 6, 7, 24, 26, 27, 63, 66 • $3,000 per FINRA designated branch location • All associated FINRA and state fees for registered representatives, including license and renewal fees Fund Fact Sheets • Design - $1,000 per fact sheet, includes first production • Production - $500 per fact sheet per each production period • All printing costs are out-of-pocket expenses in addition to the design and production fees • Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support Fee (Fund Complex)* • $3,000 per year Out-of-Pocket Expenses Reasonable out-of-pocket expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of shares, including, but not limited to: • Typesetting, printing and distribution of prospectuses and shareholder reports • Production, printing, distribution, and placement of advertising, sales literature, and materials • Engagement of designers, free-xxxxx writers, and public relations firms • Postage, overnight delivery charges • FINRA registration fees other costs to fulfill regulatory requirements • Record retention (Including RR email correspondence if applicable) • Travel, lodging, and meals * Subject to annual CPI increase - increase—All Urban Consumers - Consumers—U.S. City Average

Licensing of Investment Advisor’s Staff. (if desired) • $2,800 per year per registered representative • Quasar sponsors the following licenses: Series 6, 7, 24, 26, 27, 63, 66 • $3,000 per FINRA designated branch location • All associated FINRA and state fees for registered representatives, including license and renewal fees Fund Fact Sheets • Design - $1,000 Design—$1,000 per fact sheet, includes first production • Production - $500 Production—$500 per fact sheet per each production period • All printing costs are out-of-pocket expenses in addition to the design and production fees • Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support Fee (Fund Complex)* • $3,000 per year Out-of-Pocket Expenses Reasonable out-of-pocket expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of shares, including, but not limited to: • Typesetting, printing and distribution of prospectuses and shareholder reports • Production, printing, distribution, and placement of advertising, sales literature, and materials • Engagement of designers, free-xxxxx writers, and public relations firms • Postage, overnight delivery charges • FINRA registration fees other costs to fulfill regulatory requirements • Record retention (Including RR email correspondence if applicable) • Travel, lodging, and meals * Subject to annual CPI increase - increase—All Urban Consumers - Consumers—U.S. City AverageAverage II. Fees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) • § $2,800 [ ] per year per registered representative • § Quasar sponsors the following licenses: Series 6, 7, 24, 26, 27, 63, 66 • § $3,000 [ ] per FINRA designated branch location • § All associated FINRA and state fees for registered representatives, including license and renewal fees Fund Fact Sheets • § Design - $1,000 [ ] per fact sheet, includes first production • § Production - $500 [ ] per fact sheet per each production period • § All printing costs are out-of-pocket expenses in addition to the design and production fees • § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal § Chief Compliance Officer Support Fee (Fund Complex)* • § $3,000 [ ] per year Out-of-Pocket Expenses Reasonable out-of-pocket expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of shares, including, but not limited to: • § Typesetting, printing and distribution of prospectuses and shareholder reports • § Production, printing, distribution, and placement of advertising, sales literature, and materials • § Engagement of designers, free-xxxxx lxxxx writers, and public relations firms • § Postage, overnight delivery charges • § FINRA registration fees other costs to fulfill regulatory requirements • § Record retention (Including RR email correspondence if applicable) • § Travel, lodging, and meals * *Subject to annual CPI increase - All Urban Consumers - U.S. City AverageAverage Fees are calculated pro rata and billed monthly. 2