Washburn Capital Management Inc

Item 5 Fees and Compensation
Portfolio Management Fees
Our fee for portfolio management services is based on a percentage of the assets we manage and is
set forth in the following fee schedule:

                                         Annual Fee Schedule

            Assets Under Management                                       Annual Fee
                 Up to $1 million                                           1.00%

                 Above $1 million                                            0.80%

Washburn and our Clients enter into an Investment Management Agreement ("Agreement"). The
portfolio management fee is billed and payable at the end of each calendar quarter based on the
market value of the portfolio of the previous quarter. Our advisory fee is negotiable, depending on
individual client circumstances and at our discretion. If an Agreement is executed at any other time
than the first day of a calendar quarter, our fees and include the upcoming quarter plus the number of
days in the prior quarter for which you were a client.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.

We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities or we will send you an invoice for the payment of our advisory fees. 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. We will send you an invoice showing the amount of the fee. 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.

We encourage you to reconcile our invoices with the statement(s) you receive from the qualified
custodian. If you find any inconsistent information between our invoice and the statement(s) you
receive from the qualified custodian call our main office number located on the cover page of this
brochure.

You may terminate the portfolio management agreement upon written notice to our firm. 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
quarter for which you are a client.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. 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 further information on our brokerage
practices, refer to the Brokerage Practices section of this brochure.

We may trade client accounts on margin. Each client must sign a separate margin agreement before
margin is extended to that client account. Fees for advice and execution on these securities are based
on the net asset value of the account. The use of margin can also result in interest charges in addition
to all other fees and expenses associated with the security involved.

Item 7 Types of Clients
We offer investment advisory services to individuals including high net worth individuals, charitable
organizations. trusts and estates, retirement plans, foundations, endowments, corporations,
partnerships, limited liability companies, and other business entities.

In general, we do not require a minimum dollar amount to open and maintain an advisory account;
however, we have the right to terminate your account if it falls below a minimum size which, in our sole
opinion, is too small to effectively manage.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.