Commission* Up to $2,400.99

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1 Commissions and Fees unique to Advisor Directed Accounts: Equities* (includes Exchange Traded Funds) Principal Amount Commission* Up to $2, $50.00 $2, to $10, $ % of Principal $10, to $25, $ % of Principal $25, to $50, $ % of Principal $50, to $75, $ % of Principal $75, and Above $ % of Principal *$50 minimum Commission on all Advisor Directed equity trades. Options $50 base commission of principal Exercises and Assignments $25 per transaction Mutual Funds/Unit Investment Trusts/Variable Annuities Subject to applicable sales charges and/or redemption fees as stated in the prospectus. Annual Inactivity Fee* Inactivity fees will be charged to accounts holding security position(s) for a calendar year without generating a trade or free credit or margin interest of at least $1.00. Mutual fund systematic investments and exchanges will be considered a trade. Dividend reinvestment activity will not be considered a $40 trade. *Waived if account value is greater than $50,000 on 12/31 of previous year and client elects to receive paperless statements and confirms. *Waived upon request if household has more than $250,000 invested with the firm. *Waived for external holding accounts that hold assets directly with annuity carriers/fund companies and do not hold assets in the account. Annual Custodian Fee for Advisor Directed Retirement Accounts Only one of the following custodian fees apply per Retirement Account $25 $25 Bank of the West as custodian* Traditional IRA, Rollover IRA, Roth IRA, Education IRA, Beneficiary IRA, and IRS model SEP accounts First Hawaiian Bank as custodian* Traditional IRA, Rollover IRA, Roth IRA, Education IRA, Beneficiary IRA, and IRS model SEP accounts *Annual custodian fees are waived for Bank of the West and First Hawaiian Bank Custodian accounts with balances greater than $30,000. $35 $50 Pershing LLC as custodian Traditional IRA, Rollover IRA, Roth IRA, Education IRA, Beneficiary IRA, and IRS model SEP accounts Pershing LLC as custodian SARSEP, Simple IRA, Qualified Plans, 403(b)(7) custodial plans and 403(b)(7) custodial accounts Most retirement account types are custodied by Bank of the West or First Hawaiian Bank. Pershing LLC typically acts as custodian on accounts acquired through prior acquisitions, all qualified plans, all SARSEP, all Simple IRA, and all 403(b)(7) accounts. Review the account title provided on your statement to identify the applicable custodian on your retirement account or contact your Advisor. Custodian Fees are charged on account anniversary and based on month end balances. Commissions and Fees unique to Self Directed Online Accounts (continental U.S. clients only): Equities (includes Exchange Traded Funds) Standard Premier*, PCS, Employees Online Originated Trades $9.95 $6.95 Broker Assisted Trades (Order placed with a Broker) $44.95 $44.95 *Bank of the West Premier Checking clients receive 15 $0 commission online equity trades per month (subject to certain terms and conditions). Options Standard Premier, PCS, Employees Online Originated Trades $9.95 $1.50 per contract $6.95 $1.50 per contract Broker Assisted Trades (Order placed with a Broker) $44.95 $1.50 per contract $44.95 $1.50 per contract Exercises and Assignments $25 per transaction $25 per transaction Mutual Funds Standard Premier, PCS, Employees No Load Online No Load Broker Assisted No Transaction Fee $49.95 $59.95 No Transaction Fee $39.95 $59.95 No Transaction Fee Front End Load Back End Load Subject to applicable sales charges and/or redemption fees as stated in the prospectus. Subject to applicable sales charges and/or redemption fees as stated in the prospectus. Annual Inactivity Fee Waived No Charge Annual Custodian Fee for Self Directed Online Retirement Accounts Only one of the following custodian fees apply per Retirement Account Waived Bank of the West as custodian Traditional IRA, Rollover IRA, Roth IRA, Education IRA, Beneficiary IRA, and IRS model SEP accounts $35 Pershing LLC as custodian Traditional IRA, Rollover IRA, Roth IRA, Education IRA, Beneficiary IRA, and IRS model SEP accounts $50 Pershing LLC as custodian SARSEP, Simple IRA, Qualified Plans, 403(b)(7) custodial plans and 403(b)(7) custodial accounts Most self directed online retirement account types are custodied by Bank of the West. Pershing LLC typically acts as custodian on accounts acquired through prior acquisitions, all qualified plans, all SARSEP, all Simple IRA, and all 403(b)(7) accounts. Review the account title provided on your statement to identify the applicable custodian on your retirement account or contact your Advisor. Custodian fees are charged on account anniversary and based on month end balances. Fees unique to Investment Advisory Solutions Accounts: Advisory accounts are provided to clients through a wrap fee arrangement where the advisory fee is asset based, rather than based on the transactions in the account (i.e. commissions). Certain fees in addition to the advisory fee may be applicable in certain situations. Please refer to the Fees Applicable to All Accounts section below, as well as Part 2A Appendix 1, Wrap Fee Program Brochure, of BancWest Investment Services Form ADV for details.

2 Commissions and Fees unique to Advisor Directed and Self Directed Online Accounts: Standard Margin Schedule for Accounts with Margin Approval Net Debit Balance Sample Broker Call Rate* Markup Broker Call* Markup $0 to $9,999 $10,000 to $24,999 $25,000 to $49,999 $50,000 to $99,999 $100,000 to $499,999 $500,000 and above 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 8.5% 8.0% 7.5% 7.0% 6.5% 6.0% *The Broker Call interest rate is the base rate charged for margin loans. The Broker Call rate fluctuates daily and the Broker Call Rate of displayed above is used for illustrative purposes only. Please visit the website or contact your financial representative for the most current rate. The rates above are subject to change at any time without notice. T Bills Markup/Markdown or Commission** Face Amount Markup/Markdown $10, to $39, $50 $40, to $199, bp to 12.5bp $200,000 and Above $250 Maximum Treasuries Markup/Markdown or Commission** Maturity (Years) Markup/Markdown (basis points) bp 50bp bp 75bp bp 100bp bp 150bp 20 75bp 200bp Corporate & Municipal Bonds Markup/Markdown or Commission** Maturity (Years) Markup/Markdown (basis points) 12.5bp 50bp 25bp 112.5bp 50bp 150bp 75bp 225bp 75bp 300bp **$50 minimum charge for commission/markup/markdown for all fixed income transactions. $3 postage handling fee on transactions within established parameters. 1 bp (basis point) is equal to Short Term Mutual Fund Redemption Fees All redemptions and exchanges held less than six calendar months All systematic withdrawals held less than six calendar months $50 per position $5 per position Statement and Trade Confirmation Fees* Electronic Statements Electronic Confirmations Paper Statement Fee Paper Trade Confirmation Fee No charge No charge $3 $3 *Statement and Confirm Fees will be charged the lesser of the account value or fee. Fees Applicable to All Accounts: Service Fees Outgoing Bank Wire $25 Certification Fee (Certificate Registration) $60 Certified Check $12 Delivery Fees $12 Overnight / $18 Saturday $25 Non US Address Returned Checks $30 per event ACH Returned Checks $20 per event Corestone Checking Returned Check $20 per event Corestone Checking Stop Payment $10 per event Transfer Fees Full Account Transfer out Legal/GNMA Transfers Restricted Legal Transfers Register & Ship Accommodation Transfers DRS (Transfer Agent Fees) Foreign Receive and Deliver Fees EuroClear All Other Foreign Securities Reorganization and Safekeeping Fees Customer Name Safekeeping Foreign Securities Safekeeping Voluntary Reorganizations Mandatory Reorganizations $75 $50 per transfer $50 per transfer $60 per transfer $60 per transfer $15 per transfer $50 per item $75 per item $2 per account, per position, per month $2 per account, per position, per month $35 $35 Limited Partnerships and Private Placements Retirement Accounts $35 Annual service charge per Limited Partnership position. $35 Annual service charge per Private Placement position. $50 Non Traded REIT fee per transaction. Non Retirement Accounts $100 Annual service charge per Limited Partnership position. $100 Annual service charge per Private Placement position. $50 Non Traded REIT fee per transaction. $35 annual special product fee. IRA Conversion Fee Roth IRA Conversion to Traditional IRA $ T Tax Return Filing The fee for processing unrelated business taxable income (UBTI) tax returns (IRS form 990 t) is $200 per tax return filed by Pershing. The 990 T tax return filing fee is payable annually on June 1. Product Sponsor and Direct Held Position Fees Accounts and positions held directly with third parties such as annuity carriers, mutual fund companies, and other custodians may incur additional charges imposed by those institutions. Miscellaneous Fees Account Termination Fee $75 Research Fee $25 per hour Margin Extension $25 Regulatory Fee Varies BancWest Investment Services may charge additional fees for services other than those listed. BancWest Investment Services may, at its discretion, negotiate lower charges and fees than those previously stated. BancWest Investment Services reserves the right to impose short term redemption fees on mutual fund purchases that fail to meet minimum holding periods. Not all account types and investment transactions qualify for online trading. Please contact us for more information. Fee and commission charges may be changed at any time. All investing involves risk and the potential for investment loss.

3 Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, Member FINRA/SIPC. BancWest Investment Services, an SEC Registered Investment Advisor, also offers investment advisory services. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California (License #0C52321), through BancWest Insurance Agency in Utah and through BancWest Investment Services, Inc. in AZ, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, WA, WI, WY, HI, Guam and CNMI. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors. BancWest Investment Services does business as First Hawaiian Investment Services to provide brokerage, investment advisory, and insurance services in Hawaii, Guam, and CNMI. BancWest Investment Services is a wholly owned subsidiary of Bank of the West and part of the Wealth Management Group. BancWest Corporation is the holding company for Bank of the West. BancWest Corporation is wholly owned subsidiary of BNP Paribas. IMPORTANT INFORMATION REGARDING BANK OF THE WEST AND ITS AFFILIATES BancWest Investment Services, Inc. ("BWIS") is not a bank and is a separate and distinct corporate entity from its affiliated banks within Bank of the West. Unless otherwise described, the obligations and commitments of BWIS are not those of any affiliated bank and such bank is not responsible for securities purchased or sold by or through BWIS. BancWest Investment Services, Inc. ("BWIS") has selling agreements with numerous companies that offer investment products to our customers. Our sales efforts focus upon a group of approved annuity and mutual fund companies' products, as to which we have performed certain due diligence. A select group of these approved providers have formed agreements with BWIS to share the costs of offering investment products to our customers. These cost sharing arrangements take the from of cash and non cash payments that BWIS applies to the education, training, record keeping and other costs associated with the sale of these products to our customers. Such payments are made by the advisors who manage the products, and they are typically based on a percentages of sales. These payments are described in annuity contracts and/or prospectuses, which customers should review for further information regarding the fees and expenses of their investments. Further details regarding these payments and arrangements, including a list of the select providers that have made cost sharing payments during the last 12 months can be found on the Investment Services page of Bank of the West's website. You may also obtain a copy of this list by contacting us at (800) Investment and Insurance Products: NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

4 Rev. February 2010 FACTS Why? What? How? WHAT DOES BANCWEST INVESTMENT SERVICES DO WITH YOUR PERSONAL INFORMATION? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: n Social Security number and income n account balances and assets n investment experience and risk tolerance All financial companies need to share customers personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers personal information; the reasons BancWest Investment Services chooses to share; and whether you can limit this sharing. Reasons we can share your personal information For our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus For our marketing purposes to offer our products and services to you Does BancWest Investment Services share? Can you limit this sharing? No No For joint marketing with other financial companies No For our affiliates everyday business purposes information about your transactions and experiences For our affiliates everyday business purposes information about your creditworthiness No For our affiliates to market to you For nonaffiliates to market to you No We don t share To limit our sharing Questions? n Call our menu will prompt you through your choice(s) Please note: If you are a new customer, we can begin sharing your information 45 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. Call

5 Page 2 Who we are Who is providing this notice? BancWest Investment Services What we do How does BancWest Investment Services protect my personal information? How does BancWest Investment Services collect my personal information? Why can t I limit all sharing? What happens when I limit sharing for an account I hold jointly with someone else? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We collect your personal information, for example, when you n open an account or show your government-issued ID n buy securities from us or seek advice about your investments n tell us about your investment or retirement portfolio We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Federal law gives you the right to limit only n sharing for affiliates everyday business purposes information about your creditworthiness n affiliates from using your information to market to you n sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. Your choices will apply to everyone on your account. Definitions Affiliates Nonaffiliates Joint marketing Companies related by common ownership or control. They can be financial and nonfinancial companies. n Our affiliates include companies with a BancWest Investment Services name and financial companies such as Bank of the West, and First Hawaiian Bank, and BNP Paribas. Companies not related by common ownership or control. They can be financial and nonfinancial companies. n BancWest Investment Services does not share with nonaffiliates so they can market to you. A formal agreement between nonaffiliated financial companies that together market financial products or services to you. n Our joint marketing partners include: BancWest Investment Services does not currently have any joint marketing partners but reserves the right to share with joint marketing partners in the future.

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