Senior Vice President, Chief Compliance Officer

MA-A 0000215674 XXXXXXXX Roger Allan Norris 612-376-4123 rnorris@doughertymarkets.com mminervini@dfg-companies.com pnystrom@doughertymarkets.com 12-31-2018 Y DOUGHERTY & COMPANY LLC 000007477 41-1883794 866-00137-00 867-01216 008-21937 000007477 801-80233 000007477 State Insurance Deparments Insurance licenses in MN, AZ, CA, CO, CT, IL, IN, IA, KS, KY, MD, MA, MI, MO, MT, NE, NY, ND, OH, OK, PA, SD, TX, UT, VA, WI Municipal Securities Rulemaking Board A1329 90 SOUTH SEVENTH ST-STE 4300 MINNEAPOLIS MN 55402-4108 612-376-4000 Add 110 South Phillips Avenue Suite 203 Sioux Falls SD 57124 605-339-9800 605-339-0115 Add 120 North 3rd Street Suite 150 Bismarck ND 58501 701-222-1616 701-222-4455 Add 215 West Sioux Avenue Pierre SD 57501 605-224-5557 605-224-9554 N 90 SOUTH SEVENTH ST-STE 4300 SUITE 4300 MINNEAPOLIS MN 55402-4108 http://www.doughertymarkets.com Roger Allan Norris Senior Vice President, Chief Compliance Officer

90 South Seventh Street Suite 4300 Minneapolis MN 55402

612-376-4123 612-376-4102 rnorris@doughertymarkets.com Michelle Marie Sandberg

90 South Seventh Street Suite 4300 Minneapolis MN 55402

612-376-4027 612-376-4178 msandberg@dfg-companies.com Dougherty Financial Group LLC N Dougherty Mortgage LLC Y Minnesota Dept of Commerce (also licensed by CA Dept of Business Oversignt, ND Dept of Financial Institutions and SD Dept of Labor and Regulation), TN Dept of Financial Institutions MN Resident Real Estate Company License - 20595212; CA Financial Lender/Broker License - 603K720; ND Money Broker License - MB102174; SD Mortgage Lender License - ML.04898; TN Mortgage License 129461. MN Dougherty Wealth Advisers LLC Y U.S. Securities and Exchange Commission; Minnesota Department of Commerce SEC-Registered Investment Adviser: CRD # 143138, SEC File # 801-99370; Minnesota Insurance License # 40016128 Dougherty Funding LLC Y Minnesota Dept of Commerce (also licensed by CA Dept of Business Oversight, IA Division of Banking, NE Dept of Banking and Finance, ND Dept of Financial Institutions and SD Dept of Labor and Regulation) MN Limited Broker License - 20126359; CA Financial Lender and Broker License - 603A331; IA Mortgage Banker License - 692; NE Mortgage Banker License - 418; ND Money Broker License - MB100141; and SD Mortgage Lender License - ML.04708. MN Dougherty Equipment Finance LLC N Dougherty Real Estate Equity Advisors LLC N Dougherty Insurance Agency LLC Y State Insurance Depts or Equivalent: MN, AZ, CA, CO, DC, FL, ID, KS, MA, MO, MT, ND, NH, NV, SD, TX, WI, WY MN 40507535, AZ 3000116804, CA 0L82781, CO 535778, DC 3000310321; FL L100338, ID 648329, KS 811773147, MA 2068493, MO 8404376, MT 3000130921, ND 3000097837, NH 2413006, NV 3418548, SD 10019889, TX 2183749 & 2183747, WI 3000069504, WY 396222 MN December DE 08-19-1997 N 107 13 13 2 0 15 Municipal Entities Non-profit organizations Corporations or other businesses 0 0 0 Not Applicable Hourly Charges Fixed Fees Contingent Fees Not Applicable Advice Insurance Of MS Advice Investment Of Proceeds MS Advice ME Investments Advice Guaranteed IC Advice Use Of MD Advice On Selection Y Y Y Y Y N Investment Adviser Insurance company or agency Real estate broker or dealer 4 Add Investment Adviser Insurance company or agency Dougherty Wealth Advisers LLC Dougherty Wealth Advisers LLC N Y N Add Real estate broker or dealer Dougherty Funding LLC Dougherty Funding LLC N Y N Add Real estate broker or dealer Dougherty Mortgage LLC Dougherty Mortgage LLC N Y N Add Insurance company or agency Dougherty Insurance Agency LLC Dougherty Insuarance Agency LLC N Y N N N N N N N N N N N N N N N N N N N Y N Y Y Y Y N N Y Y Y N Y N N N N N N N Y Dougherty Financial Group LLC N 41-1866893 Member 07-28-1998 E N Gerald Anthony Kraut CEO, President, Branch Manager 09-30-2014 NA Y 001502494 David Bramley Juran EVP 01-01-2016 NA Y 002166483 Jeffrey Duane Jacobson EVP, Branch Manager 08-14-2017 NA Y 001976541 Michelle Marie Sandberg EVP, Treasurer, Chief Financial Officer 03-01-2018 NA Y 002070925 Alan David Polsky SVP 09-30-2014 NA Y 001376097 Steven Douglas McWhirter EVP - Structured Finance, ROSFP 02-01-1999 NA Y 001288149 Ray Elton Woodsend SVP, Branch Manager 09-16-1997 NA Y 001886946 Mark Kenneth Johnson VP, Branch Manager, Chief Supervision Officer 02-01-2018 NA N 001433801 Deborah Marie Hable Operations Manager 01-01-2001 NA N 001596570 Roger Allan Norris SVP, Chief Compliance Officer, Insurance, Options Principal 11-08-2017 NA N 002201413 DAVID THOMAS MULLEN SVP, BRANCH MANAGER 01-01-2016 NA Y 001273590 Thomas Francis Steichen General Counsel, Secretary 03-01-2018 NA N 006920110 Dougherty Financial Group LLC Michael E. Dougherty Revocable Trust Dated March 27th 2006 N 00-000000 Owner 04-01-2014 E Y Michael E. Dougherty Revocable Trust Dated March 27, 2006 Michael Emmett Dougherty Trustee 04-01-2014 E Y 000070900 Add Dougherty Financial Group LLC N 41-1866893 Member 07-28-1998 E N Amend Gerald Anthony Kraut CEO, President, Branch Manager 09-30-2014 NA Y 001502494 Amend David Bramley Juran EVP 01-01-2016 NA Y 002166483 Amend Jeffrey Duane Jacobson EVP, Branch Manager 08-14-2017 NA Y 001976541 Amend Michelle Marie Sandberg EVP, Treasurer, Chief Financial Officer 03-01-2018 NA Y 002070925 Amend Alan David Polsky SVP 09-30-2014 NA Y 001376097 Add Steven Douglas McWhirter EVP - Structured Finance, ROSFP 02-01-1999 NA Y 001288149 Add Ray Elton Woodsend SVP, Branch Manager 09-16-1997 NA Y 001886946 Amend Mark Kenneth Johnson VP, Branch Manager, Chief Supervision Officer 02-01-2018 NA N 001433801 Add Deborah Marie Hable Operations Manager 01-01-2001 NA N 001596570 Amend Roger Allan Norris SVP, Chief Compliance Officer, Insurance, Options Principal 11-08-2017 NA N 002201413 Add DAVID THOMAS MULLEN SVP, BRANCH MANAGER 01-01-2016 NA Y 001273590 Add Thomas Francis Steichen General Counsel, Secretary 03-01-2018 NA N 006920110 Add Dougherty Financial Group LLC Michael E. Dougherty Revocable Trust Dated March 27th 2006 N 00-000000 Owner 04-01-2014 E Y Add Michael E. Dougherty Revocable Trust Dated March 27, 2006 Michael Emmett Dougherty Trustee 04-01-2014 E Y 000070900 9-C2 9-C4 9-C5 Dougherty & Company LLC 000007477 378345 9-C4 Dougherty & Company LLC 000007477 115405 9-D1 Dougherty & Company LLC 000007477 115410 9-D2 Dougherty & Company LLC 000007477 115401 9-D2 Dougherty & Company LLC 000007477 115404 9-D5 Dougherty & Company LLC 000007477 687316 9-E1 9-E2 Dougherty & Company LLC 000007477 699568 9-E2 Dougherty & Company LLC 000007477 1643611 9-E2 Dougherty & Company LLC 000007477 1535235 9-E2 Dougherty & Company LLC 000007477 1359754 1 9-E2 Dougherty & Company LLC 000007477 687328 Michelle Marie Sandberg N 002070925 Michelle Marie Sandberg 002070925 283841 9-E2 Dougherty & Company LLC 000007477 115406 9-E2 Dougherty & Company LLC 000007477 687327 9-E2 Dougherty & Company LLC 000007477 115403 9-E2 Dougherty & Company LLC 000007477 115402 9-E2 Dougherty & Company LLC 000007477 138145 9-E2 Dougherty & Company LLC 000007477 115409 9-E2 Dougherty & Company LLC 000007477 115408 9-E2 Dougherty & Company LLC 000007477 115400 9-E2 Dougherty & Company LLC 000007477 115407 1 9-E4 Charles Conger Ervin Jr. N 000828926 Charles Conger Ervin, Jr. 000828926 970210 1 9-E2 Charles Conger Ervin Jr. N 000828926 Charles Conger Ervin, Jr. 000828926 970209 9-C2 9-C5 Dougherty & Company LLC 000007477 1786681 9-E2 Dougherty & Company LLC 000007477 1886333 1 9-E2 9-E4 Jeffrey Duane Jacobson N 001976541 Jeffrey Duane Jacobson 001976541 1911389 9-E2 Dougherty & Company LLC 000007477 1911470 Roger A. Norris Roger A. Norris Senior Vice President, Chief Compliance Officer 03-28-2019 000007477 N N N N N Y Y Y N N N N Y N N N N N Y N N