Bellevue Asset Management LLC

Item 5 – Fees and Compensation

A     Compensation to us for our services will be calculated in accordance with “Schedule A” of
      the Investment Advisory Agreement (“IAA”) entered into with each Client. We may amend
      the IAA and fee schedule upon 30 days prior written notice to Client. Such fees may be paid
      directly to us from the account by the custodian holding a Client’s assets upon submission of
      an invoice to the custodian showing the amount of fees, the value of the Client’s assets on
      which the fees are based, and the specific manner in which the fees are calculated. The
      payment of fees may result in the liquidation of Client’s securities if there is insufficient cash
      in the account. Copies of the fee invoices are mailed to Clients as required. In addition to our
      fees, Clients may be required to pay a proportionate share of any mutual fund’s fees and related
      charges.

                       BELLEVUE ASSET MANAGEMENT, LLC
                        PART 2A OF FORM ADV – FIRM BROCHURE

In consideration for our services, Clients pay us a fee quarterly in advance, with payment due
within 10 days from the date of the invoice. The fee will be equal to the agreed upon rate per
annum, times the market value of the account, divided by the number of days in the agreed
upon year and multiplied by the number of days in the quarter. The market value will be
construed to equal the sum of the values of all assets in the account, not adjusted by any
margin debit. Fees for partial quarters at the commencement or termination of this Agreement
will be pro-rated based on the number of days the account was open during the quarter.
Quarterly fee adjustments for additional assets received into the account during a quarter or
for partial withdrawals will also be provided on the above pro rata basis.

STANDARD FEE SCHEDULE

           Assets Under Management                Maximum Annual Fee

           Under $500,000                                    1.75%
           $500,000 to $1 million                            1.50%
           $1 million to $5 million                          1.00%
           Over $5 million                                   0.75%

Notwithstanding the above, fees are negotiable.

For purposes of determining value, securities and other instruments traded on a market for
which actual transaction prices are publicly reported shall be valued at the last reported sale
price on the principal market in which they are traded (or, if there shall be no sales on such
date, then at the mean between the closing bid and asked prices on such date). Other readily
marketable securities shall be priced using a pricing service or through quotations from one
or more dealers.

Bellevue Asset Management also provides “stand alone” financial planning services for our
Clients. Fees for planning services are based on an hourly rate of $200.00 per hour, due at
time of service. Along with our professional services, the fee also includes the time and
activities necessary to work with a Client’s attorney and/or accountant in reaching agreement
on solutions, as well as assisting those advisors in implementation of all appropriate
documents. Any fees charged by an attorney or accountant to a Client will be in addition to
any fees we may charge.

                               BELLEVUE ASSET MANAGEMENT, LLC
                                PART 2A OF FORM ADV – FIRM BROCHURE

       We also perform certain financial planning projects on a fixed fee basis. Services performed
       on a fixed fee basis require a retainer equal to one-half the fixed fee. The remaining balance
       will be billed in equal installments on a monthly basis until the project is completed. All
       invoices are due within 10 days of invoice. Special arrangement may be made with Clients
       wishing to retain financial planning services on an ongoing basis.

B      As noted in the above section, our fees are generally deducted from Client’s assets held with
       an independent custodian, and paid directly to Bellevue Asset Management based on the
       Investment Advisory Agreement entered into at the start of our professional relationship. The
       fee is deducted at the beginning of each quarter. For financial planning and fixed fee
       arrangements, invoices are sent to the Client (if not paid for at the time of service). We request
       invoices be paid within 10 days of receipt.

C      Client’s account custodians may charge fees which are in addition to and separate from the
       investment advisory service fee we charge. All brokerage commissions, stock transfer fees,
       and other similar charges incurred in connection with transactions for the account will be paid
       out of the assets in the account and are in addition to the investment management fees paid
       to Bellevue Asset Management. Clients bear the responsibility of verifying the accuracy of our
       fee calculations.

D      Our policy is generally that fees be paid in advance. Fees for asset management service are
       billed at the beginning of each quarter. As stated above, fees for partial quarters at the
       commencement or termination of this Agreement will be billed or refunded on a pro-rated
       basis contingent on the number of days the account was open during the quarter. Quarterly
       fee adjustments for additional assets received into the account during a quarter or for partial
       withdrawals will also be provided on the above pro rata basis.

       An invoice will be sent for any fees not directly debited from the Client’s account(s). All
       invoices are due within 10 days of invoice. Special arrangements may be made with Clients
       wishing to retain financial planning services on an ongoing basis.

E      Bellevue Asset Management is a fee-only advisor which means we do not receive any
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Item 7 – Types of Clients

Bellevue Asset Management provides investment advice and portfolio management to individuals,
some percentage of who are high net worth individuals, pension and profit sharing plans, trust, estates,
charitable organizations, corporations and other business entities.