DISTRIBUTION AGREEMENT
THIS AGREEMENT is made and entered into as of this 3rd day of November,
2000, by and among Everest Funds, a Delaware business trust (the "Trust"),
Everest Funds Management, LLC (the "Adviser"), and Quasar Distributors, LLC, a
Delaware limited liability company ("Distributor").
WHEREAS, the Trust is registered under the Investment Company Act of
1940, as amended ("1940 Act"), as an open-end management investment company, and
is authorized to issue shares ("Shares") in separate series with each such
series representing interests in a separate portfolio of securities and other
assets;
WHEREAS, the Trust desires to retain the Distributor as principal
underwriter in connection with the offering and sale of the Shares of each
series listed on Schedule A (as amended from time to time) (the "Funds") to this
Agreement;
WHEREAS, the Adviser is duly registered under he Investment Advisers
Act of 1940, as amended, and any applicable state securities laws, as an
investment adviser;
WHEREAS, the Distributor is registered as a broker-dealer under the
Securities Exchange Act of 1934, as amended (the "1934 Act"), and is a member of
the National Association of Securities Dealers, Inc. (the "NASD");
WHEREAS, this Agreement has been approved by a vote of the Trust's
Board of Trustees ("Board") and its disinterested trustees in conformity with
Section 15(c) of the 1940 Act; and
WHEREAS, the Distributor is willing to act as principal underwriter for
the Trust on the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the promises and mutual covenants
herein contained, and other good and valuable consideration, the receipt of
which is hereby acknowledged, the parties hereto, intending to be legally bound,
do hereby agree as follows:
1. APPOINTMENT OF THE DISTRIBUTOR.
The Trust hereby appoints the Distributor as its agent for the sale and
distribution of Shares of the Funds, subject to the terms and for the period set
forth in this Agreement. The Distributor hereby accepts such appointment and
agrees to act hereunder.
2. SERVICES, DUTIES AND REPRESENTATIONS OF THE DISTRIBUTOR.
(a) The Distributor agrees to sell Shares of the Funds on a best efforts
basis as agent for the Trust during the term of this Agreement, upon
the terms and at the current offering price (plus sales charge, if
any) described in the Prospectus. As used in this Agreement, the
term "Prospectus" shall mean the current prospectus, including the
statement of additional information, as amended or supplemented,
relating to the Funds and including the currently effective
registration statement or post-effective amendment thereto (the
"Registration Statement") of the Trust under the Securities Act of
1933 (the "1933 Act") and the 0000 Xxx.
(b) During the continuous public offering of Shares of the Funds, the
Distributor will hold itself available to receive orders for the
purchase of Shares of the Funds and will accept such orders on
behalf of the Trust. Such purchase orders shall be deemed effective
at the time and in the manner set forth in the Prospectus.
(c) The Distributor, with the operational assistance of the Trust's
transfer agent, shall make Shares available for sale and redemption
through the National Securities Clearing Trust's Fund/SERV System.
(d) In connection with all matters relating to this Agreement, the
Distributor agrees to act in conformity with the Trust's Declaration
of Trust and By-Laws and with the instructions of the Board and to
comply with the requirements of the 1933 Act, the 1934 Act, the 1940
Act, the regulations of the NASD and all other applicable federal or
state laws and regulations. The Distributor acknowledges and agrees
that it is not authorized to provide any information or make any
representations other than as contained in the Prospectus and any
sales literature specifically approved by the Trust and the
Distributor.
(e) The Distributor agrees to cooperate with the Trust in the
development of all proposed advertisements and sales literature
relating to the Funds. The Distributor agrees to review all proposed
advertisements and sales literature for compliance with applicable
laws and regulations, and, if requested by the Trust, shall file
with appropriate regulators those advertisements and sales
literature it believes are in compliance with such laws and
regulations. The Distributor agrees to furnish to the Trust any
comments provided by regulators with respect to such materials and
to use its best efforts to obtain the approval of the regulators to
such materials.
(f) The Distributor at its sole discretion may repurchase Shares offered
for sale by shareholders of the Funds. Repurchase of Shares by the
Distributor shall be at the price determined in accordance with,
and in the manner set forth in, the current Prospectus. At the end
of each business day, the Distributor shall notify, by any appropriate
means, the Trust and its transfer agent of the orders for
repurchase of Shares received by the Distributor since the last report,
the amount to be paid for such Shares, and the identity of the
shareholders offering Shares for repurchase. The Trust reserves the
right to suspend such repurchase right upon written notice to the
Distributor. The Distributor further agrees to act as agent for the
Trust to receive and transmit promptly to the Trust's transfer
agent shareholder requests for redemption of Shares.
(g) The Distributor may, in its discretion, enter into agreements with
such qualified broker-dealers as it or the Trust, may select, in order
that such broker-dealers also may sell Shares of the Funds. The form
of any dealer agreement shall be mutually agreed upon and approved by
the Trust and the Distributor. The Distributor may pay a portion of
any applicable sales charge, or allow a discount, to a selling
broker-dealer, as described in the Prospectus or, if not described,
as agreed upon with the broker-dealer. The Distributor shall
include in the forms of agreement with selling broker-dealers
a provision for the forfeiture by them of their sales charge or
discount with respect to Shares sold by them and redeemed, repurchased
or tendered for redemption within seven business days after the date of
confirmation of such purchases.
(h) The Distributor shall devote its best efforts to effect sales of
Shares of the Funds but shall not be obligated to sell any certain
number of Shares.
(i) The Distributor shall prepare reports for the Board regarding its
activities under this Agreement as from time to time shall be
reasonably requested by the Board, including regarding use of 12b-1
payments, if any.
(j) The services furnished by the Distributor hereunder are not to be
deemed exclusive and the Distributor shall be free to furnish
similar services to others so long as its services under this
Agreement are not impaired thereby. The Trust recognizes that from
time to time officers and employees of the Distributor may serve as
trustees, officers and employees of other entities (including
investment companies), that such other entities may include the name
of the Distributor as part of their name and that the Distributor or
its affiliates may enter into distribution, administration, fund
accounting, transfer agent or other agreements with such other
entities.
3. DUTIES AND REPRESENTATIONS OF THE TRUST.
(a) The Trust represents that it is duly organized and in good standing
under the law of its jurisdiction of incorporation and registered as
an open-end management investment Trust under the 1940 Act. The Trust
agrees that it will act in material conformity with its
Declaration of Trust, By-Laws, its Registration Statement as may be
amended from time to time and resolutions and other instructions of
its Board. The Trust agrees to comply in all material respects with the
1933 Act, the 1940 Act, and all other applicable federal and state
laws and regulations. The Trust represents and warrants that
this Agreement has been duly authorized by all necessary action by the
Trust under the 1940 Act, state law and the Trust's Declaration of
Trust and By-Laws.
(b) The Trust shall take or cause to be taken all necessary action to
register Shares of the Funds under the 1933 Act and to maintain an
effective Registration Statement for such Shares in order to permit
the sale of Shares as herein contemplated. The Trust authorizes the
Distributor to use the Prospectus, in the form furnished to the
Distributor from time to time, in connection with the sale of
Shares.
(c) The Trust represents and agrees that all Shares to be sold by it,
including those offered under this Agreement, are validly authorized
and, when issued in accordance with the description in the
Prospectus, will be fully paid and nonassessable. The Trust shall
have the right to suspend the sale of Shares of any Fund at any time
in response to conditions in the securities markets or otherwise,
and to suspend the redemption of Shares of any Fund at any time
permitted by the 1940 Act or the rules of the Securities and
Exchange Commission ("SEC"). The Trust shall advise the Distributor
promptly of any such determination.
(d) The Trust agrees to advise the Distributor promptly in writing:
(i) of any correspondence or other communication by the SEC or its
staff relating to the Funds, including requests by the SEC for
amendments to the Registration Statement or Prospectus;
(ii) in the event of the issuance by the SEC of any stop-order
suspending the effectiveness of the Registration Statement then
in effect or the initiation of any proceeding for that purpose;
(iii) of the happening of any event which makes untrue any
statement of a material fact made in the Prospectus or
which requires the making of a change in such Prospectus
in order to make the statements therein not misleading;
and
(iv) of all actions taken by the SEC with respect to any amendments to
any Registration Statement or Prospectus, which may from time to
time be filed with the SEC.
(e) The Trust shall file such reports and other documents as may be
required under applicable federal and state laws and regulations.
The Trust shall notify the Distributor in writing of the states in
which the Shares may be sold and shall notify the Distributor in
writing of any changes to such information.
(f) The Trust agrees to file from time to time such amendments to its
Registration Statement and Prospectus as may be necessary in order
that its Registration Statement and Prospectus will not contain any
untrue statement of material fact or omit to state any material fact
required to be stated therein or necessary to make the statements
therein not misleading.
(g) The Trust shall fully cooperate in the efforts of the Distributor to
sell and arrange for the sale of Shares and shall make available to
the Distributor a statement of each computation of net asset
value. In addition, the Trust shall keep the Distributor fully
informed of its affairs and shall provide to the Distributor from
time to time copies of all information, financial statements, and
other papers that the Distributor may reasonably request for use in.
connection with the distribution of Shares, including, without
limitation, certified copies of any financial statements prepared for
the Trust by its independent public accountants and such
reasonable number of copies of the most current Prospectus, statement
of additional information and annual and interim reports to
shareholders as the Distributor may request. The Trust shall
forward a copy of any SEC filings, including the Registration
Statement, to the Distributor within one business day of any such
filings. The Trust represents that it will not use or authorize the
use of any advertising or sales material unless and
until such materials have been approved and authorized for use by the
Distributor.
(h) The Trust represents and warrants that its Registration Statement
and any advertisements and sales literature of the Trust (excluding
statements relating to the Distributor and the services it provides
that are based upon written information furnished by the Distributor
expressly for inclusion therein) shall not contain any untrue
statement of material fact or omit to state any material fact
required to be stated therein or necessary to make the statements
therein not misleading, and that all statements or information
furnished to the Distributor pursuant to this Agreement shall be
true and correct in all material respects.
4. COMPENSATION.
As compensation for the services performed and the expenses assumed by
Distributor under this Agreement including, but not limited to, any commissions
paid for sales of Shares, Distributor shall be entitled to the fees and expenses
set forth in Schedule B to this Agreement which are payable promptly after the
last day of each month. Such fees shall be paid to Distributor by the Trust
pursuant to its Rule 12b-1 plan or, if Rule 12b-1 payments are not sufficient to
pay such fees and expenses, or if the Rule 12b-1 plan is discontinued, or if
there is no Rule 12b-1 plan, or if the Fund's sponsor, the Adviser, otherwise
determines that Rule 12b-1 fees shall not, in whole or in part, be used to pay
Distributor, the Adviser shall be responsible for the payment of the amount of
such fees not covered by Rule 12b-1 payments.
5. EXPENSES.
(a) The Trust shall bear all costs and expenses in connection with
registration of the Shares with the SEC and related compliance with
state securities laws, as well as all costs and expenses in connection
with the offering of the Shares and communications with shareholders of
its Funds, including but not limited to (i) fees and disbursements of
its counsel and independent public accountants; (ii) costs and
expenses of the preparation, filing, printing and mailing of
Registration Statements and Prospectuses and amendments thereto, as
well as related advertising and sales literature, (iii) costs
and expenses of the preparation, printing and mailing of annual and
interim reports, proxy materials and other communications to
shareholders of the Funds; and (iv) fees required in connection with
the offer and sale of Shares in such jurisdictions as shall be
selected by the Trust pursuant to Section 3(e) hereof.
(b) The Distributor shall bear the expenses of registration or
qualification of the Distributor as a dealer or broker under federal
or state laws and the expenses of continuing such registration or
qualification. The Distributor does not assume responsibility for
any expenses not expressly assumed hereunder.
6. INDEMNIFICATION.
(a) The Trust shall indemnify, defend and hold the Distributor, and each
of its present or former members, officers, employees, representatives
and any person who controls or previously controlled the
Distributor within the meaning of Section 15 of the 1933 Act, free and
harmless from and against any and all losses, claims, demands,
liabilities, damages and expenses (including the costs of investigating
or defending any alleged losses, claims, demands, liabilities, damages
or expenses and any reasonable counsel fee incurred in connection
therewith) which the Distributor, each of its present and former
members, officers, employees or representatives or any such
controlling person, may incur under the 1933 Act, the 1934 Act, any
other statute (including Blue Sky laws) or any rule or regulation
thereunder, or under common law or otherwise, arising out of or
based upon any untrue statement, or alleged untrue statement of a
material fact contained in the Registration Statement or any
Prospectus, as from time to time amended or supplemented, or in any
annual or interim report to shareholders, or in any advertisement or
sales literature, or arising out of or based upon any omission,
or alleged omission, to state therein a material fact required to
be stated therein or necessary to make the statements therein not
misleading; provided, however, that the Trust's obligation to
indemnify the Distributor and any of the foregoing indemnitees
shall not be deemed to cover any losses, claims, demands, liabilities,
damages or expenses arising out of any untrue statement or alleged
untrue statement or omission or alleged omission made in the
Registration Statement, Prospectus, annual or interim report, or any
such advertisement or sales literature in reliance upon and in
conformity with information relating to the Distributor and furnished
to the Trust or its counsel by the Distributor in writing and
acknowledging the purpose of its use for the purpose of, and used in,
the preparation thereof. The Trust's agreement to indemnify the
Distributor, and any of the foregoing indemnitees, as the case may be,
with respect to any action, is expressly conditioned upon the Trust
being notified of such action brought against the Distributor, or any
of the foregoing indemnitees, within a reasonable time after the
summons or other first legal process giving information of the nature
of the claim shall have been served upon the Distributor, or such
person, unless the failure to give notice does not prejudice the
Trust. Such notification shall be given by letter or by telegram
addressed to the Trust's President, but the failure so to notify the
Trust of any such action shall not relieve the Trust from any
liability which the Trust may have to the person against whom such
action is brought by reason of any such untrue, or alleged untrue,
statement or omission, or alleged omission, otherwise than on account
of the Trust's indemnity agreement contained in this Section 6(a).
(b) The Trust shall be entitled to participate at its own expense in
the defense or, if it so elects, to assume the defense of any suit
brought to enforce any such loss, claim, demand, liability, damage
or expense, but if the Trust elects to assume the defense, such
defense shall be conducted by counsel chosen by the Trust and
approved by the Distributor, which approval shall not be
unreasonably withheld. In the event the Trust elects to assume the
defense of any such suit and retain such counsel, the indemnified
defendant or defendants in such suit shall bear the fees and expenses
of any additional counsel retained by them. If the Trust does not
elect to assume the defense of any such suit, or in case the
Distributor does not, in the exercise of reasonable judgment,
approve of counsel chosen by the Corproation or, if under prevailing
law or legal codes of ethics, the same counsel cannot effectively
represent the interests of both the Trust and the Distributor, and
each of its present or former members, officers, employees,
representatives or any controlling person, the Trust will reimburse
the indemnified person or persons named as defendant or defendants in
such suit, for the fees and expenses of any counsel retained by
Distributor and them. The Trust's indemnification agreement
contained in Sections 6(a) and 6(b) shall remain operative and in
full force and effect regardless of any investigation made by or on
behalf of the Distributor, and each of its present or former
trustees, officers, employees, representatives or any controlling
person, and shall survive the delivery of any Shares and the
termination of this Agreement. This agreement of indemnity will inure
exclusively to the Distributor's benefit, to the benefit of each of
its present or former members, officers, employees or representatives
or to the benefit of any controlling persons and their successors.
The Trust agrees promptly to notify the Distributor of the
commencement of any litigation or proceedings against the Trust or
any of its officers or trustees in connection with the issue and
sale of any of the Shares.
(c) The Trust shall advance attorney's fees and other expenses incurred
by any person in defending any claim, demand, action or suit which
is the subject of a claim for indemnification pursuant to this
Section 6 to the maximum extent permissible under applicable law.
(d) The Distributor shall indemnify, defend and hold the Trust, and each
of its present or former trustees, officers, employees,
representatives, and any person who controls or previously controlled
the Trust within the meaning of Section 15 of the 1933 Act, free and
harmless from and against any and all losses, claims, demands,
liabilities, damages and expenses (including the costs of
investigation or defending any alleged losses, claims, demands,
liabilities, damages or expenses, and any reasonable counsel fee
incurred in connection therewith) which the Trust, and each of its
present or former trustees, officers, employees, representatives,
or any such controlling person, may incur under the 1933 Act, the
1934 Act, any other statute (including Blue Sky laws) or any
rule or regulation thereunder, or under common law or otherwise,
arising out of or based upon any untrue, or alleged untrue,
statement of a material fact contained in the Trust's
Registration Statement or any Prospectus, as from time to time
amended or supplemented, or arising out of or based upon the
omission, or alleged omission, to state therein a material fact
required to be stated therein or necessary to make the statement not
misleading, but only if such statement or omission was made in
reliance upon, and in conformity with, written information relating
to the Distributor and furnished to the Trust or its counsel by the
Distributor for the purpose of, and used in, the preparation
thereof. The Distributor's agreement to indemnify the Trust, and any
of the foregoing indemnitees, is expressly conditioned upon the
Distributor's being notified of any action brought against the Trust,
and any of the foregoing indemnitees, such notification to be given by
letter or telegram addressed to the Distributor's President, within
a reasonable time after the summons or other first legal process
giving information of the nature of the claim shall have been
served upon the Trust or such person unless the failure to give notice
does not prejudice the Distributor, but the failure so to notify the
Distributor of any such action shall not relieve the Distributor
from any liability which the Distributor may have to the person
against whom such action is brought by reason of any such untrue,
or alleged untrue, statement or omission, otherwise than on account
of the Distributor's indemnity agreement contained in this Section
6(d).
(e) The Distributor shall be entitled to participate at its own expense
in the defense or, if it so elects, to assume the defense of any suit.
brought to enforce any such loss, claim, demand, liability, damage
or expense, but if the Distributor elects to assume the defense,
such defense shall be conducted by counsel chosen by the Distributor
and approved by the Trust, which approval shall not be unreasonably
withheld. In the event the Distributor elects to assume the defense
of any such suit and retain such counsel, the indemnified defendant
or defendants in such suit shall bear the fees and expenses of any
additional counsel retained by them. If the Distributor does not
elect to assume the defense of any such suit, or in case the Trust
does not, in the exercise of reasonable judgment, approve of counsel
chosen by the Distributor or, if under prevailing law or legal
codes of ethics, the same counsel cannot effectively represent
the interests of both the Trust and the Distributor, and each of its
present or former members, officers, employees, representatives
or any controlling person, the Distributor will reimburse the
indemnified person or persons named as defendant or defendants in such
suit, for the fees and expenses of any counsel retained by the
Trust and them. The Distributor's indemnification agreement
contained in Sections 6(d) and (e) shall remain operative and in full
force and effect regardless of any investigation made by or on behalf
of the Trust, and each of its present or former trustees, officers,
employees, representatives or any controlling person, and shall survive
the delivery of any Shares and the termination of this Agreement.
This Agreement of indemnity will inure exclusively to the Trust's
benefit, to the benefit of each of its present or former trustees,
officers, employees or representatives or to the benefit of any
controlling persons and their successors. The Distributor agrees
promptly to notify the Trust of the commencement of any litigation
or proceedings against the Distributor or any of its officers or
trustees in connection with the issue and sale of any of the Shares.
(f) No person shall be obligated to provide indemnification under this
Section 6 if such indemnification would be impermissible under the
1940 Act, the 1993 Act, the 1934 Act or the rules of the NASD;
PROVIDED, HOWEVER, in such event indemnification shall be provided
under this Section 6 to the maximum extent so permissible and
contribution shall be provided to the maximum extent so permissible.
7. OBLIGATIONS OF TRUST.
This Agreement is executed by and on behalf of the Trust and the
obligations of the Trust hereunder are not binding upon any of the trustees,
officers or shareholders of the Trust individually but are binding only upon the
Trust and with respect to the Funds to which such obligations pertain.
8. COUNTERPARTS.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original agreement but all of which counterparts
shall together constitute but one and the same instrument.
9. GOVERNING LAW.
This Agreement shall be construed in accordance with the laws of the
State of Wisconsin, without regard to conflicts of law principles. To the extent
that the applicable laws of the State of Wisconsin, or any of the provisions
herein, conflict with the applicable provisions of the 1940 Act, the latter
shall control, and nothing herein shall be construed in a manner inconsistent
with the 1940 Act or any rule or order of the SEC thereunder.
10. DURATION AND TERMINATION.
(a) This Agreement shall become effective with respect to each Fund
listed on Schedule A hereof as of the date hereof and, with respect to
each Fund not in existence on that date, on the date an amendment to
Schedule A to this Agreement relating to that Fund is executed.
Unless sooner terminated as provided herein, this Agreement shall
continue in effect for two years from the date hereof. Thereafter, if
not terminated, this Agreement shall continue automatically in
effect as to each Fund for successive one-year periods, provided such
continuance is specifically approved at least annually by (i) the
Trust's Board or (ii) the vote of a "majority of the outstanding
voting securities" of a Fund, and provided that in either event the
continuance is also approved by a majority of the Trust's Board who
are not "interested persons" of any party to this Agreement, by
vote cast in person at a meeting called for the purpose of voting on
such approval.
(b) Notwithstanding the foregoing, this Agreement may be terminated,
without the payment of any penalty, with respect to a particular Fund
(i) through a failure to renew this Agreement at the end of a term,
(ii) upon mutual consent of the parties, or (iii) upon no less than 60
days' written notice, by either the Trust through a vote of a majority
of the members of the Board who are not "interested persons" of
the Trust and have no direct or indirect financial interest in the
operation of this Agreement or by vote of a "majority of the
outstanding voting securities" of a Fund, or by the Distributor.
The terms of this Agreement shall not be waived, altered, modified,
amended or supplemented in any manner whatsoever except by a written
instrument signed by the Distributor and the Trust. If required under
the 1940 Act, any such amendment must be approved by the Trust's
Board, including a majority of the Trust's Board who are not
"interested persons" of any party to this Agreement, by vote cast in
person at a meeting for the purpose of voting on such amendment. In
the event that such amendment affects the Adviser, the written
instrument shall also be signed by the Adviser. This Agreement will
automatically terminate in the event of its assignment.
11. CONFIDENTIALITY.
The Distributor agrees on behalf of its employees to treat all records
relative to the Trust and prior, present or potential shareholders of the Trust
as confidential, and not to use such records for any purpose other than
performance of the Distributor's responsibilities and duties under this
Agreement, except after notification and prior approval by the Trust, which
approval shall not be unreasonably withheld, and may not be withheld where the
Distributor may be exposed to civil or criminal proceedings for failure to
comply, when requested to divulge such information by duly constituted
authorities, when subject to governmental or regulatory audit or investigation,
or when so requested by the Trust. Records and information which have become
known to the public through no wrongful act of the Distributor or any of its
employees, agents or representatives shall not be subject to this paragraph.
12. MISCELLANEOUS.
The captions in this Agreement are included for convenience of
reference only and in no way define or delimit any of the provisions hereof or
otherwise affect their construction or effect. Any provision of this Agreement
which may be determined by competent authority to be prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors. As used in this
Agreement, the terms "majority of the outstanding voting securities,"
"interested person," and "assignment" shall have the same meaning as such terms
have in the 1940 Act.
13. NOTICE.
Any notice required or permitted to be given by any party to the others
shall be in writing and shall be deemed to have been given on the date delivered
personally or by courier service or 3 days after sent by registered or certified
mail, postage prepaid, return receipt requested or on the date sent and
confirmed received by facsimile transmission to the other parties' respective
addresses set forth below:
Notice to the Distributor shall be sent to:
Quasar Distributors, LLC
Attn: President
000 Xxxx Xxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Notice to the Trust shall be sent to:
Everest Funds
0000 X. 00xx Xxxxxx
Xxxxx, Xxxxxxxx 00000
Attn: Xxxxx Xxxxx
Notice to the Adviser shall be sent to:
Everest Funds Management, LLC
Attn: Xxxxx Xxxxx
0000 X. 00xx Xxxxxx
Xxxxx, Xxxxxxxx 00000
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their officers designated as of the day and year first above
written.
EVEREST FUNDS QUASAR DISTRIBUTORS, LLC
By: ________________________ By: __________________________
Title: _______________________ Title: ________________________
EVEREST FUNDS MANAGEMENT, LLC
By: _________________________
Title: _______________________
