Accolade Investment Advisory LLC

Item 5 – Fees and Compensation
 Fees
 Accolades compensation is calculated and payable quarterly in arrears, based upon a 1/4 share
 of the annual fee multiplied by the most recently available quarter-end fee base. The client’s fee
 base is calculated as the par value of investments under management. The following items are
 exempted from the calculation of the applicable fee base:

            •   Capital investments in corporate or natural person credit unions or other
                cooperative financial institutions.

 Regardless of investment portfolio composition, at no time will the Adviser compensation fall
 below $3,500 per quarter/$15,000 per year for new clients. Some clients may have been
 grandfathered in at our old fee structure.
 Our fees do not include brokerage commissions/mark-ups, transaction fees, and other costs
 related to transactions, such as fees and taxes on securities transactions. You may incur charges
 imposed by our preferred custodian, or the custodian of your choice, such as custodial fees, wire
 transfer, and electronic fund fees.

 Automatic Debiting of Fees
 You will authorize Accolade to invoice your credit union, banks and other financial institutions
 for advisory fees. Within approximately two (2) weeks after the end of the calendar quarter,
 Accolade will send you a bill showing the amount of the fee, the amount of the assets on which
 the fee is based, and the manner in which it was calculated.
 If you choose, you may pay the advisory fees directly to Accolade, via ACH, check or wire.

 Termination of Advisory Services
 You may terminate our services by sending Accolade written notice, subject to the terms of your
 contract. Conversely, we may terminate our services by providing you with written notice. Fees
 that have accrued up to termination will be billed upon termination and are due upon receipt of
 invoice. Upon termination, we will discontinue all services and responsibilities to you and you
 will release us from all responsibilities as of the effective date of termination. At termination,
 Accolade will have no obligation to sell or take any action with regard to your credit unions,
 banks and other financial institutions account.

  You have the right to terminate our services without penalty within five (5) business days after
  entering into an Investment Advisory Agreement with Accolade. Termination will not affect
  the validity, liability and obligations of the Investment Advisor Agreement of actions taken
  before the termination, exercised by you or Accolade.

Item 7 – Types of Clients
  Accolade provides investment advisory services solely to credit unions, banks and other
  financial institutions.