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

Licensing of Investment Advisor’s Staff. (if desired) · $1,500 per year per registered representative · Quasar is limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 · Plus all associated NASD and State fees for Registered Representatives, including license and renewal fees. Fund Fact Sheets · Design - $1,000 per fact sheet, includes first production · Production - $500.00 per fact sheet per production period · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee. 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, without limitation: · typesetting, printing and distribution of Prospectuses and shareholder reports · production, printing, distribution and placement of advertising and sales literature and materials · engagement of designers, free-xxxxx writers and public relations firms · long-distance telephone lines, services and charges · postage · overnight delivery charges · NASD registration fees (NASD advertising filing fees are included in Advertising Compliance Review section above) · record retention · travel, lodging and meals Fees are billed monthly. * Subject to CPI increase, Milwaukee MSA.

Licensing of Investment Advisor’s Staff. (if desired) · $1,500 [ ] per year per registered representative · Quasar is limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 · Plus all associated NASD 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 - $500.00 [ ] per fact sheet per production period · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee. 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, without limitation: · typesetting, printing and distribution of Prospectuses and shareholder reports · production, printing, distribution and placement of advertising and sales literature and materials · engagement of designers, free-xxxxx writers and public relations firms · long-distance telephone lines, services and charges · postage · overnight delivery charges · NASD FINRA registration fees (NASD FINRA advertising filing fees are included in Advertising Compliance Review section above) · record retention · travel, lodging and meals Fees are billed monthly. * Subject to CPI increase, Milwaukee MSA.

Licensing of Investment Advisor’s Staff. (if desiredrequired) · $1,500 per year per registered representative · Quasar is limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 · Plus all associated any NASD and State state fees for Registered Representativesregistered representatives, including license and renewal fees. Fund Fact Sheets · Design - $1,000 per fact sheet, includes first production · Production - $500.00 per fact sheet per production period · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee. 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, without limitation: · typesetting, printing and distribution of Prospectuses and shareholder reports · production, printing, distribution and placement of advertising and sales literature and materials · engagement of designers, free-xxxxx writers and public relations firms · long-distance telephone lines, services and charges · postage · overnight delivery charges · NASD registration fees (NASD advertising filing fees are included in Advertising Compliance Review section above) · record retention · travel, lodging and meals Fees are billed monthly. * *Subject to CPI increase, Milwaukee MSA.

Licensing of Investment Advisor’s Staff. (if desired) · $1,500 per year per registered representative · Quasar is limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 · Plus all associated NASD and State fees for Registered Representatives, including license and renewal fees. Fund Fact Sheets · Design - $1,000 per fact sheet, includes first production · Production - $500.00 per fact sheet per production period · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee. 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, without limitation: · typesetting, printing and distribution of Prospectuses and shareholder reports · production, printing, distribution and placement of advertising and sales literature and materials · engagement of designers, free-xxxxx lxxxx writers and public relations firms · long-distance telephone lines, services and charges · postage · overnight delivery charges · NASD registration fees (NASD advertising filing fees are included in Advertising Compliance Review section above) · record retention · travel, lodging and meals Fees are billed monthly. * Subject to CPI increase, Milwaukee MSA.

Licensing of Investment Advisor’s Staff. (if desiredrequired) · $1,500 [ ] per year per registered representative · Quasar is limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 · Plus all associated any NASD and State state fees for Registered Representativesregistered representatives, including license and renewal fees. Fund Fact Sheets (if required) · Design - $1,000 [ ] per fact sheet, includes first production · Production - $500.00 [ ] per fact sheet per production period · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee. 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, without limitation: · typesetting, printing and distribution of Prospectuses and shareholder reports · production, printing, distribution and placement of advertising and sales literature and materials · engagement of designers, free-xxxxx lxxxx writers and public relations firms · long-distance telephone lines, services and charges · postage · overnight delivery charges · NASD registration fees (NASD advertising filing fees are included in Advertising Compliance Review section above) · record retention · travel, lodging and meals Fees are billed monthly. * *Subject to CPI increase, Milwaukee MSA.. (CPI started August 2007)

Licensing of Investment Advisor’s Staff. (if desired) · $1,500 per year per registered representative · Quasar is limited to these licenses for sponsorship: Series, Series 6, 7, 24, 26, 27, 63, 66 · Plus all associated NASD 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 - $500.00 per fact sheet per production period · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee. 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, without limitation: · typesetting, printing and distribution of Prospectuses and shareholder reports · production, printing, distribution and placement of advertising and sales literature and materials · engagement of designers, free-xxxxx lxxxx writers and public relations firms · long-distance telephone lines, services and charges · postage · overnight delivery charges · NASD FINRA registration fees (NASD FINRA advertising filing fees are included in Advertising Compliance Review section above) · record retention · travel, lodging and meals Fees are billed monthly. * Subject to CPI increase, Milwaukee MSA.. Advisor’s Signature below acknowledges approval of the fee schedule above. Wxxxxxx Management Company, LLC By: Name: Title: Date:

Licensing of Investment Advisor’s Staff. (if desired) · $1,500 per year per registered representative · Quasar is limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 66, 63/65 · Plus all associated NASD and State fees for Registered Representatives, including license and renewal fees. Fund Fact Sheets · Design - $1,000 per fact sheet, includes first production · Production - $500.00 per fact sheet per production period · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee. 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, without limitation: · typesetting, printing and distribution of Prospectuses and shareholder reports · production, printing, distribution and placement of advertising and sales literature and materials · engagement of designers, free-xxxxx writers and public relations firms · long-distance telephone lines, services and charges · postage · overnight delivery charges · NASD registration fees (NASD advertising filing fees are included in Advertising Compliance Review section above) · record retention · travel, lodging and meals Fees are billed monthly. * Subject to CPI increase, Milwaukee MSA.

Licensing of Investment Advisor’s Staff. (if desired) · $1,500 per year per registered representative · Quasar is limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 · Plus all associated NASD and State fees for Registered Representatives, including license and renewal fees. Fund Fact Sheets · Design - $1,000 per fact sheet, includes first production · Production - $500.00 per fact sheet per production period · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee. 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, without limitation: · typesetting, printing and distribution of Prospectuses and shareholder reports · production, printing, distribution and placement of advertising and sales literature and materials · engagement of designers, free-xxxxx writers and public relations firms · long-distance telephone lines, services and charges · postage · overnight delivery charges · NASD registration fees (NASD advertising filing fees are included in Advertising Compliance Review section above) · record retention · travel, lodging and meals Fees are billed monthly. * Subject to CPI increase, Milwaukee MSA.. Base fees for Distribution should be reduced by 15% for the first 12 months