March 20, 2014 Cornerstone Progressive Return Fund C/o Cornerstone Advisors, Inc. Suite 250 Ashville, NC 28803 Attn: Mr. Ralph Bradshaw RE: Cornerstone Progressive Return Fund – Rights Offer Dear Ralph:Cornerstone Progressive Return Fund • March 20th, 2014 • New York
This will serve as the Agreement between AST Fund Solutions, LLC (“AST Fund Solutions”) and Cornerstone Progressive Return Fund (the “Client”), pursuant to which AST Fund Solutions will serve the Client as Information Agent for a Rights Offer (the “Offer”) for the Client.
