Kopp Investment Advisors LLC

Item 5 - Fees and Compensation

KIA’s management fee for its advisory services depends on the portfolio management style
employed and, in any case, is based on the market value of the account assets (comprising
securities, cash and money-market balances).

Standard Fee Schedule

The standard fee for our Emerging Growth Strategy and Blend Strategies is generally 1.50%
annually, billed by KIA and payable quarterly in advance. The standard fee for our TQM
Strategy is generally 1.00% annually, billed by KIA and payable quarterly in advance. Each of
these investment management strategies (and various blends of these strategies) is discussed
under Item 8, below.

Fee Schedule for Institutional and High Net Worth Clients

For accounts that are owned by certain institutions and high net worth individuals with specified
minimum account balances, KIA offers the tiered fee schedules set forth below. A letter of
intent may be used as a way for clients to meet the minimum investment requirements for these
fee schedules.

Emerging Growth Strategy and Blend Strategies (Minimum Account Balance of $5 million)

       Account Assets                       Annual Fee
       First $20 million                    1.00%
       On amounts over $20 million          Negotiable

TQM Strategy (Minimum Account Balance of $1 million)

       Account Assets                       Annual Fee
       First $50 million                    0.50%
       On amounts over $50 million          Negotiable

Additional Information

Although KIA believes that its management fees are fair, all clients should be aware that lower
fees may be available from other sources. From time to time, KIA may negotiate or waive the
amount and payment of any management fee. KIA may also group multiple accounts of one
client relationship together for purposes of calculating a negotiated fee. Clients may authorize
KIA in the investment management agreement to deduct advisory fees directly from the client’s
custodial account. It is the client’s responsibility to review the advisory fees included in the
account statements provided by the custodian.

KIA’s management fees do not include transaction costs, custodial fees, or other investment
expenses. For more information on these types of fees, see Item 12, “Brokerage Practices,”
below. Moreover, clients whose assets are invested in shares of mutual funds and other pooled
investment vehicles (“acquired funds”) will pay both a direct management fee to KIA, as well as
indirect management fees and other expenses incurred by the acquired funds. Please refer to the
acquired fund’s prospectus or other offering documents for more information.

Kopp Investment Advisors, LLC
Form ADV, Part 2A
Assets deposited for or withdrawn from management in a client’s account during a quarter in
amounts greater than 5% of the managed account balance will be subject to fee proration on a
daily basis for such period of time impacted by the deposit(s) or withdrawal(s) during the 90-day
quarter and will be ratably invoiced or credited to the account’s next quarterly billing statement.

Unless otherwise provided, management agreements may be terminated and management fees
changed upon written notice. KIA will refund to a client after any such termination a ratable
share of a prepaid fee computed on a daily basis for a 90-day quarter.

Item 7 - Types of Clients

KIA manages investment accounts for individuals, trusts, estates and institutional clients
including pension and profit sharing plans, charitable organizations, and corporations or other
business entities. KIA may also provide investment advice to common trust funds and collective
investment funds maintained by banks or trust companies. In addition, KIA may serve private
investment companies, such as private limited partnerships and private limited liability
companies, and offshore investment funds.

Generally, for separate accounts, KIA requires a minimum account size of $100,000 and reserves
the right to change the account minimum at any time and without notice. KIA may make
exceptions to this minimum based on client type, a pre-existing relationship with the client or
other factors. Clients that participate in wrap fee and similar programs described in Item 4,
above, may not be subject to KIA’s minimum account thresholds.