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

Licensing of Investment Advisor’s Staff. ▪ $__ per year per registered representative ▪ Licenses sponsored: Series 6, 7, 24, 26, 63, 66 ▪ All associated FINRA and state fees for registered representatives, including license and renewal fees Marketing Support Services ▪ The design and/ or production of fund fact sheets, commentaries, brochures and other sales support materials - Project priced via proposal Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: ▪ 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 and other costs to fulfill regulatory requirements ▪ Travel, lodging, and meals Additional services not included above shall be mutually agreed upon at the time of the service being added. In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements). *Subject to annual CPI increase - All Urban Consumers - U.S. City Average Fees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. ▪ $__ per year per registered representative ▪ § Licenses sponsored: Series 6, 7, 24, 26, 63, 66 ▪ § All associated FINRA and state fees for registered representatives, including license and renewal fees Marketing Support Services ▪ The design and/ or production of fund fact sheets, commentaries, brochures and other sales support materials - – Project priced via proposal Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: ▪ § 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 and other costs to fulfill regulatory requirements ▪ § Travel, lodging, and meals Additional services not included above shall be mutually agreed upon at the time of the service being added. In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements). *Subject to annual CPI increase - – All Urban Consumers - – U.S. City Average Fees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. ▪ $__ per year per registered representative ▪ § Licenses sponsored: Series 6, 7, 24, 26, 63, 66 ▪ § All associated FINRA and state fees for registered representatives, including license and renewal fees Marketing Support Services ▪ § The design and/ or production of fund fact sheets, commentaries, brochures and other sales support materials - – Project priced via proposal Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: ▪ § 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 and other costs to fulfill regulatory requirements ▪ § Travel, lodging, and meals Additional services not included above shall be mutually agreed upon at the time of the service being added. In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements). *Subject to annual CPI increase - – All Urban Consumers - – U.S. City Average Fees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. ▪ $__ per year per registered representative ▪ § Licenses sponsored: Series 6, 7, 24, 26, 27, 63, 66 ▪ § All associated FINRA and state fees for registered representatives, including license and renewal fees Marketing Support Services ▪ § The design and/ or production of fund fact sheets, commentaries, brochures and other sales support materials - – Project priced via proposal Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: ▪ § 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 ▪ § Travel, lodging, and meals Additional services not included above shall be mutually agreed upon at the time of the service being added. In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements). *Subject to annual CPI increase - – All Urban Consumers - – U.S. City Average Fees are calculated pro rata and billed monthly.

Licensing of Investment Advisor’s Staff. ▪ $__ per year per registered representative ▪ § Licenses sponsored: Series 6, 7, 24, 26, 27, 63, 66 ▪ § All associated FINRA and state fees for registered representatives, including license and renewal fees Marketing Support Services ▪ § The design and/ or production of fund fact sheets, commentaries, brochures and other sales support materials - – Project priced via proposal Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: ▪ § 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 ▪ § Travel, lodging, and meals Additional services not included above shall be mutually agreed upon at the time of the service being added. In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements). *Subject to annual CPI increase - – All Urban Consumers - – U.S. City Average Fees are calculated pro rata and billed monthly.