Sacajawea & Company LLC

ITEM 5: FEES AND COMPENSATION

I am proud to offer fees that I believe to be among the lowest in the industry. The Company
charges a percentage of the market value of the assets under management, payable quarterly in
advance. Fees are not based upon capital gains or the appreciation of funds under management
and the Company does not accept performance-based fees of any kind. Occasionally Sacajawea
may be hired for ad hoc economic or financial consulting. I charge an hourly rate for such
consulting (currently set at $400 per hour) and portfolio management clients receive a 50%
discount.

FOLEYHOAGUS10777020.2

The Company’s quarterly management fee structure is set forth below. To calculate the quarterly
management fee, determine the range in which the portfolio’s total market value falls as of the
applicable measurement date. Using the line of the chart below that corresponds to the portfolio’s
market value, multiply (i) the amount by which the portfolio’s market value exceeds the “Amount
Over” by (ii) the “Quarterly Rate”, then add to such amount the “Fixed Amount”. The market
value component is defined as the market value of the portfolio being managed at the close of the
preceding quarter. A portfolio with multiple unlike registered accounts (i.e. a Trust and an IRA)
will be charged an additional $100 per quarter.

Portfolio Market Value                   Quarterly Fee Calculation
                                                    Quarterly
 From          __    To ___          Amount Over x Rate (Annualized) + Fixed Amount
$0         -        $500,000         $0.00            x 0.001375 (0.55%)   +       $0.00
+$500,000 - $2,000,000               $500,000         x 0.00100 (0.40%)    +     $687.50
+$2,000,000 - $5,000,000             $2,000.000       x 0.00075 (0.30%)    +   $2,187.50
+$5,000,000                          $5,000,000       x 0.00050 (0.20%)    +   $4,437.50

        Example Calculation: A portfolio with a single account with a $2.2 million
        market value on the last day of March will pay a quarterly management fee in
        advance on April 1 calculated as follows:

        [($200,000 * .00075) + $2,187.50] = $2,337.50 Quarterly Fee (0.425% annually)

Sacajawea will bill my clients for the current quarter in advance when I send out the quarterly
market value statement for the previous quarter. I do not deduct my fees from a client’s accounts
automatically as I believe my clients should be aware of how much they are paying to have their
portfolio managed. Either the client or Sacajawea can terminate the relationship at any time with
written notice to the other party. If the relationship terminates Sacajawea will refund a pro-rated
share of the fee paid for the current quarter.

Sacajawea does not participate in any wrap fee programs or charge any custodian or trustee fees,
nor does it accept any payments from brokers or other businesses that work for the Company or
its clients. When I buy and sell securities the clients may pay brokerage commissions to their
broker. Please see the section on brokerage for further information regarding brokerage fees. In
the event a client’s assets are invested in a mutual fund, that client is also paying the adviser of
the mutual fund a management fee. I believe that the typical fee for my personalized investment
advisory service is lower than the expense ratio of most mutual funds.

FOLEYHOAGUS10777020.2

ITEM 7: TYPES OF CLIENTS

Sacajawea manages portfolios for high net worth individuals, trusts, foundations and retirement
accounts. Portfolios are managed on a discretionary basis only. I have never solicited business,
but if high net worth investors ask me to manage their portfolios, a minimum of $2,000,000.00
under management is required in most instances. In certain instances, Sacajawea may, in its
discretion, agree to manage less than this, such as in cases of a Client’s special need or of a
personal relationship.