Ferguson Wellman Capital Management Inc

Item 5: Fees and Compensation

Fees for portfolio management are agreed upon prior to executing a client contract and are
calculated based on the percentage of assets under management. Fees are billed quarterly in
advance for most of our clients according to the fair market value of the portfolio, including
cash equivalents and accrued interest as of the last business day of each calendar quarter. Fees
are payable upon receipt of billing and may be negotiated based on relevant criteria, such as
size and complexity of the portfolio as well as other considerations. Fees are rounded to the
nearest dollar. Fees can be charged annually or semiannually upon client request. Each party to
the advisory agreement may rescind upon a 30-day written notice. A prorated refund of the fee
will be made upon the closing of an account.

In connection with Ferguson Wellman’s acquisition of Great Northern on January 2, 2026,
certain clients who transitioned to Ferguson Wellman continue to pay advisory fees pursuant to
the fee schedules that were in effect under their prior advisory agreements. These fee
arrangements may differ from Ferguson Wellman’s current standard fee schedule. Ferguson
Wellman may maintain legacy fee schedules for clients acquired through transactions or for
other business reasons. As a result, similarly situated clients may pay different advisory fees.

Standard Fee Schedules
Equity Only and Balanced:
       0.85% on the first $5,000,000
       0.70% on the next $5,000,000
       0.50% above $10,000,000

Fixed Income Only:

       0.45% on the first $10,000,000
       0.35% on the next $10,000,000
       0.25% above $20,000,000

West Bearing Investments:
       1.00% on the first $2,000,000
       0.85% above $2,000,000*

*Once a West Bearing portfolio reaches $3,000,000, the client is eligible for a different fee
structure.

Client assets invested in a mutual fund(s), ETF(s) or other fund structure as part of the agreed
upon overall investment strategy will be included in the calculation of Ferguson Wellman’s fee,
subjecting assets to external fund fees in addition to our management fee.

Fee Payment Options
As indicated in our advisory agreement with you, you may select from two payment options to
pay for our services:

   •   Direct debiting - At the inception of the relationship and each quarter thereafter, we will
       notify your custodian of the amount of the fee due and payable to us through our fee
       schedule and contract. The custodian does not validate or check our fee calculation.
       They will “deduct” the fees from your account(s) you have designated to pay our
       advisory fees. You will also receive a copy of the billing statement each quarter.
           o Each month, you will receive a statement directly from your custodian showing
               all transactions, positions and credits/debits into or from your account; the
               statements after the quarter end will reflect these transactions, including the
               advisory fee paid by you to us.
   •   Pay-by-check - At the inception of the account and each quarter thereafter, we will issue
       you an invoice for our services and you pay us by check upon receipt of the invoice.

Additional Fees and Expenses
We do not custody client assets; therefore, clients will have to appoint a custodian and will
likely be required to pay custodial fees. The advisory fees payable to us do not include all the
fees you will pay for maintaining your account(s) with a custodian. The following list of fees or
expenses represents what you may pay directly to custodians or brokers, whether a security is
being purchased, sold or held in your account(s) under our management. Fees charged by the
broker and custodian include:

   •   Brokerage commissions
   •   Transaction fees
   •   Exchange fees
   •   Regulatory fees
   •   Advisory fees and administrative fees charged by mutual funds (MFs) and exchange
       traded funds (ETFs)
   •   Custodial fees

   •   Odd-lot differentials
   •   Wire-transfer and electronic fund processing fees

We do not have any employee(s) who receives, directly or indirectly, any compensation from
the transaction of securities or investments that are purchased or sold for your account. As a
result, we are a “fee-only” investment adviser.

We do not have any compensation arrangements where we receive payment for referral fees,
revenue sharing, 12b-1 payments, shareholder servicing or recordkeeping fees.

For additional details regarding brokerage practices, please see Item 12: Brokerage Practices.

Octavia Group Fees
Octavia Group will charge clients a mutually agreed upon fixed fee above Ferguson Wellman’s
portfolio management fees. Such fees will be determined based on the complexity, length of
time and scope of work agreed to with the client. The minimum fixed fee will be $1,000 per
month, along with a commitment of at least one year of services. Depending on the
arrangement with each client, Octavia Group will either invoice clients or directly debit their
accounts for its services.

Item 7: Types of Clients

We provide our services to a number of client types including:

   •   High-net-worth and ultra-high-net-worth individuals
   •   Trusts, estates and charitable organizations
   •   Corporations or other business entities
   •   Taft-Hartley plans
   •   Foundations
   •   Endowments

The minimum investment amount for Ferguson Wellman is $4,000,000 and $1,000,000 for West
Bearing. The stated minimums are to begin a relationship with the firm; clients may have
multiple accounts that combine to meet this minimum; there is no minimum to maintain an
account.

Retirement Plan Accounts and Individual Retirement Accounts
When we provide investment advice to you regarding your retirement plan account or
individual retirement account, we are fiduciaries within the meaning of Title I of the Employee
Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are

laws governing retirement accounts. The way we generate income for our firm creates some
conflicts with your interests, so we operate under a special rule that requires us to act in your
best interest and not put our interests ahead of yours. Under this special rule’s provisions, we
must:

   a. Meet a professional standard of care when making investment recommendations (give
      prudent advice);
   b. Never put our financial interests ahead of yours when making recommendations (give
      loyal advice);
   c. Avoid misleading statements about conflicts of interest, fees, and investments;
   d. Follow policies and procedures designed to ensure that we give advice that is in your
      best interest;
   e. Charge no more than is reasonable for our services; and
   f. Give you basic information about conflicts of interest.