Cypress Capital LLC

Item 5 - Fees and Compensation

General Fee Information
Unless engaged through a wrap program, 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
(generally 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, Cypress Capital and others to
fully understand the total amount of fees paid by you for investment and financial-related services.

Portfolio Management Fees
The annual fee schedule for portfolio management services is based on a percentage of assets under
management and ranges up to 1.4% annually. Our fees may be negotiable in our sole discretion based upon,
among other things, anticipated future earning capacity, anticipated future additional assets, value of assets
to be managed, related accounts, account composition, asset types, account retention and services to be
provided. In most circumstances, a tiered fee schedule will be provided. Based on the foregoing, some
clients will pay more or less than other clients for the same management services. Further, some clients’
fee schedules are based on prior contractual arrangements and/or historical fee schedules that differ from
our current fee arrangements. Specific fee arrangements are described fully in your Investment
Management Agreement (“Agreement”) with us.

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

You have the option of having unmanaged accounts that you hold with our recommended custodian(s)
included in your consolidated portfolio reports. The fee for reporting services is $12.50 per/account paid
quarterly in advance. With your authorization, the reporting fee will be deducted from your account.
Unmanaged accounts are not included in the household value when we calculate our portfolio management
fees. Reporting fees are non-refundable.

The minimum portfolio value is generally set at $500,000. Should the market value of your account fall
below the stated minimum, as agreed to in your Agreement, because of withdrawals, distributions, or your
request to transfer account assets, we will have the right to require that additional monies be deposited to
bring the account value up to the required minimum, or terminate the account. In some circumstances,
minimum account values may be negotiable.

Either you or Cypress Capital may terminate your 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
Each Manager will assess its own fee, which will be charged according to the Manager’s established fee
schedule. This will be disclosed to the client prior to the time of the engagement.

Financial Planning Fees
Depending on the financial advisor providing the planning services, a separate fixed fee of up to $2,500 will
be assessed. In other cases, financial planning may be included with portfolio management services for no
additional charge. Any fees will be agreed upon by you and us prior to providing the services and will be
fully described in your Financial Planning agreement with us. Fees are payable upon delivery of the
financial plan. If services are terminated prior to conclusion of the planning services, a pro rata fee will be
assessed based on the portion of the services completed prior to termination.

Estate Distribution Services Fees
Our fee for estate distribution services ranges up to $2,500, depending on the overall complexity of the
situation. Your specific fee arrangement will be set forth in your agreement with us. Fees are payable upon
conclusion of the services. Should you elect to terminate the estate distribution engagement before the
services are completed, you will be assessed a pro-rata fee reflecting the degree to which the services have
been completed.

Retirement Plan Advisory Services Fees
Fees for retirement plan advisory services are individually negotiated with the Plan Fiduciary at the time
of the engagement. Among other factors, fees may be based on the specific suite of services requested and
the size and complexity of the plan. Fees may take the form of an hourly or fixed amount and/or a
percentage fee based on the value of the plan assets under management or advisement. Plan Sponsors can
decide whether the fees will be paid directly by the Plan Sponsor or deducted from Plan assets. The specific
fee arrangement, manner, and timing of fee payments will be set forth in the Plan’s written agreement with
us. Our fees are separate from and additional to any third-party administrative, custodial, recordkeeping,
or transaction fees incurred by the Plan and any Plan Participant accounts. We do not share in any part of
these fees.

Either you or Cypress Capital may terminate the advisory 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 deducted from your account prior to termination.

Sub-Advisory Services
When other advisers and investment professionals (i.e., the Primary Advisers) hire/recommend us to
...

Item 7 - Types of Clients

We serve individuals, high net worth individuals, pension and profit-sharing plans, corporations, trusts,
estates and charitable organizations.

In general, we do not require a minimum fee or a minimum dollar amount for our direct portfolio
management services.

The minimum portfolio value for sub-advisory services ranges from $50,000 to $100,000, depending on
the specific program. There is no minimum annual fee. Under certain circumstances and in our sole
discretion, we may negotiate such minimums.