Cascades Capital Asset Management LLC

Item 5 - Fees and Compensation

General Fee Information
Fees paid to us are exclusive of all custodial and transaction costs paid to your custodian, brokers or
other third party consultants. Please see Item 12 – Brokerage Practices for additional
information. Fees paid to us are also separate and distinct from the fees and expenses charged by
mutual funds, ETFs (exchange traded funds) or other investment pools to their shareholders
(including a management fee and fund expenses, as described in each fund’s prospectus or offering
materials). You should review all fees charged by funds, brokers, Cascades Capital and others to
fully understand the total amount of fees paid by you for investment and financial-related services.

Portfolio Management Fees
Portfolio management fees are individually negotiated and range up to 1.00% annually, based on a
percentage of assets under management. Fees will be set forth in our investment management
agreement with you and are determined based on the size and complexity of your investment

portfolio. We do not generally impose a minimum portfolio value for conventional investment
advisory services or a minimum fee.

Portfolio management fees are payable quarterly, in advance. If management begins after the start
of a quarter, fees will be prorated accordingly. With your authorization and unless other
arrangements are made, fees are debited directly from your account(s).

Either you or Cascades Capital can terminate your Investment Management Agreement at any time,
subject to any written notice requirements in the agreement. In the event of termination, any paid
but unearned fees will be promptly refunded to you based on the number of days that the account
was managed, and any fees due to us from you will be invoiced or deducted from your account prior
to termination.

Separate Account Manager Fees
As described in Item 4 above, we may refer clients to one or more Third Party Managers but we do
not share in the fee charged by the Manager(s). We assess our fee separately and in addition to the
fees charged by the Manager(s).

Item 7 - Types of Clients

We serve individuals, trusts, estates, corporations and retirement plans. We do not generally
impose a minimum portfolio value for conventional investment advisory services or a minimum fee.