Great Northern Asset Management Inc

Item 5 Fees and Compensation
Portfolio Management Services
Our annual fee for portfolio management services will not exceed 1.50% of the market value of your
assets under our management. Assets in each of your account(s) are included in the fee assessment
unless specifically identified in writing for exclusion. Our annual portfolio management fee is billed and
payable quarterly based on the balance at end of the billing period as detailed below. Certain clients
have legacy fee schedules that differ from our standard fee schedule.

The fee will be calculated as a percentage of the total account asset value in account(s) less any
margin loan(s) or other account indebtedness ("Advisory Fee") on the last trading day of each calendar
quarter. The initial Advisory Fee shall be pro-rated based upon the number of days from the date the
account was opened through the end of the initial calendar quarter and payable in arrears. All
subsequent Advisory Fees shall be payable each calendar quarter in advance. In any partial calendar
quarter, the Advisory Fee will be pro-rated based upon the number of days that the account was open
during the quarter. If assets greater than $50,000 are withdrawn from an account after the inception of
a billing period, the fee payable with respect to such assets is adjusted accordingly. Any refund made
by Adviser to the Client would be pro-rated based on the reduction in value of the assets remaining in
the Account on the date(s) the assets were withdrawn and the number of days remaining in that
calendar quarter.

Subject to our discretion and review, we will combine the account values of accounts we consider to be
the same customer relationship to determine the size of the overall relationship and the applicable
advisory fee. For example, we will combine account values for you and your relatives, your trust or
business pension plan, and other types of related accounts. Fee rates are negotiable, and generally
based on the size of the existing or potential customer relationship.

We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements
from your account. You should review all statements for accuracy. If you wish to pay fees from outside
of the account, we will consider such requests on a case-by-case basis.

You may terminate the portfolio management agreement upon 30 days written notice. You will incur a
pro rata charge for services rendered prior to the termination of the portfolio management agreement,
which means you will incur advisory fees only in proportion to the number of days in the calendar
quarter for which you are a client. If you have pre-paid advisory fees that we have not yet earned, you
will receive a prorated refund of those fees.

Please refer to the Performance-Based Fees and Side-By-Side Management section below for
information on performance-based fee schedules for eligible clients.

Additional Fees and Expenses
While it is not anticipated that mutual funds will be included in client portfolios, money market mutual
funds are typically used to "sweep" unused cash balances until they can be appropriately invested. The
fees that you pay to our firm for investment advisory services are separate and distinct from the fees
and expenses charged by mutual funds or exchange traded funds (described in each fund's
prospectus) to their shareholders. These fees will generally include a management fee and other fund
expenses. You will also incur transaction charges and/or brokerage fees when purchasing or selling
securities. These charges and fees are typically imposed by the broker-dealer or custodian through
whom your account transactions are executed. We do not share in any portion of the brokerage

fees/transaction charges imposed by the broker-dealer or custodian. To fully understand the total cost
you will incur, you should review all the fees charged by mutual funds, exchange traded funds, our
firm, and others. For information on our brokerage practices, please refer to the Brokerage Practices
section of this brochure.

Item 7 Types of Clients
We provide investment advice to individuals, pension and profit sharing plans, other pooled investment
vehicles such as investment clubs and family limited partnerships, charities, corporations, and other
business entities.

We have the following minimum account sizes for various strategies:

Fundamental Strategies:
US Small-Cap Value - $100,000
Global Equity - $300,000

International Equity - $200,000
All Asian Equity - $200,000
Asia High Dividend - $150,000

Quantitative Strategies:
Grapes Quant - $200,000
Volume Winners - $200,000
Volume Value - $200,000
Volume Momentum - $200,000

The minimum account sizes may be waived in our sole discretion. For example, we will
consider waiving the minimum if you appear to have significant potential for increasing your assets
under our management.