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

Licensing of Investment Advisor’s Staff. (if desired) § $____ /year per registered representative § Quasar sponsors the following licenses: Series, 6, 7, 24, 26, 27, 63, 66 § $____ /FINRA designated branch location § Plus all associated FINRA and state fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § Design - $____ /fact sheet, includes first production § Production - $____ /fact sheet per production period § All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal 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-lxxxx writers, and public relations firms § Postage, overnight delivery charges § FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention § Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) § $____ [ ] /year per registered representative ($[ ]/year per registered representative eff 1/1/2015) § Quasar sponsors the following licenses: Series, Series 6, 7, 24, 26, 27, 63, 66 § $____ [ ] /FINRA designated branch location § Plus all All associated FINRA and state fees for Registered Representativesregistered representatives, including license and renewal fees Fund Fact Sheets § Design - $____ [ ] /fact sheet, includes first production § Production - $____ /fact [ ] fact sheet per production period § All printing costs are out-of-pocket expenses, and expenses in addition to the design fee and production fee 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)* § $[ ] /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-lxxxx writers, and public relations firms § Postage, overnight delivery charges § FINRA registration fees [To include (Including late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention (Including RR email correspondence if applicable) § Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) § $____ /year per registered representative § Quasar sponsors the following licensesis limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 § $____ /FINRA designated branch location § Plus all associated FINRA and state State fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § Design - $____ /fact sheet, includes first production § Production - $____ /fact sheet per production period § All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal 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-lxxxx writers, and public relations firms § Long-distance telephone lines, services, and charges § Postage, overnight delivery charges § FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention § Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) § $____ /year per registered representative § Quasar sponsors the following licensesis limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 § $____ /FINRA designated branch location § Plus all associated FINRA and state State fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § Design - $____ /fact sheet, includes first production § Production - $____ /fact sheet per production period § All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support Fee* § $____ /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-lxxxx xxxxx writers, and public relations firms § Long-distance telephone lines, services, and charges § Postage, overnight delivery charges § FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention § Travel, lodging, and meals Fees are billed monthly. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) § $____ /year per registered representative § Quasar sponsors the following licenses: Series, 6, 7, 24, 26, 27, 63, 66 § $____ /FINRA designated branch location § Plus all associated FINRA and state fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § Design - $____ /fact sheet, includes first production § Production - $____ /fact sheet per production period § All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support Fee* § $____ /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-lxxxx writers, and public relations firms § Postage, overnight delivery charges § FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention § Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) § $____ [ ] /year per registered representative § Quasar sponsors the following licenses: Series, Series 6, 7, 24, 26, 27, 63, 66 § $____ [ ] /FINRA designated branch location § Plus all associated FINRA and state fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § Design - $____ [ ] /fact sheet, includes first production § Production - $____ [ ]/fact sheet per production period § All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support Fee* § $[ ] /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-lxxxx writers, and public relations firms § Postage, overnight delivery charges § FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention § Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) § $_____ /year per registered representative § Quasar sponsors the following licenses: Series, Series 6, 7, 24, 26, 27, 63, 66 § $_____ /FINRA designated branch location § Plus all associated FINRA and state fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § Design - $_____ /fact sheet, includes first production § Production - $_____ /fact sheet per production period § All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal 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-lxxxx writers, and public relations firms § Postage, overnight delivery charges § FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention § Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.. Advisor’s signature below acknowledges approval of the fee schedule on this Exhibit B By: DEARBORN PARTNERS, LLC Name: /s/ Mxxxxxx X. Xxxxxxxx Title: Managing Director Date: 2/28/13

Licensing of Investment Advisor’s Staff. (if desired) § $____ […]/year per registered representative § Quasar sponsors the following licenses: Series, Series 6, 7, 24, 26, 27, 63, 66 § $____ […]/FINRA designated branch location § Plus all associated FINRA and state fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § Design - $____ […]/fact sheet, includes first production § Production - $____ […] /fact sheet per production period § All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal 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-lxxxx writers, and public relations firms § Postage, overnight delivery charges § FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention § Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.. Advisor’s Signature below acknowledges approval of the fee schedule on this Exhibit B. Pension Partners, LLC By: /s/ Exxxxx X. Xxxxxxx Printed Name and Title: Exxxxx X. Xxxxxxx/ Principal Date: 8/27/12

Licensing of Investment Advisor’s Staff. (if desired) § $____ /year per registered representative § Quasar sponsors the following licensesis limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 § $____ /FINRA designated branch location § Plus all associated FINRA and state State fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § Design - $____ /fact sheet, includes first production § Production - $____ /fact sheet per production period § All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § Web sites, third-party data provider costs, brochures, and other sales support materials – Project priced via Quasar proposal Chief Compliance Officer Support fee* $____/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-lxxxx writers, and public relations firms § Long-distance telephone lines, services, and charges § Postage, overnight delivery charges § FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § Record retention § Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Licensing of Investment Advisor’s Staff. (if desired) § · $____ 2,500 /year per registered representative § · Quasar sponsors the following licensesis limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66 § · $____ 3,000 /FINRA designated branch location § · Plus all associated FINRA and state State fees for Registered Representatives, including license and renewal fees Fund Fact Sheets § · Design - $____ 1,000 /fact sheet, includes first production § · Production - $____ 500 /fact sheet per production period § · All printing costs are out-of-pocket expenses, and in addition to the design fee and production fee § · Web sites, third-party data provider costs, brochures, and other sales support materials – — Project priced via Quasar proposal 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-lxxxx xxxxx writers, and public relations firms § · Long-distance telephone lines, services, and charges · Postage, overnight delivery charges § · FINRA registration fees [To include late U5 charge (if applicable)] (FINRA advertising filing fees are included in Advertising Compliance Review section above) § · Record retention § · Travel, lodging, and meals *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.