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<br />ADV All Pages <br /> <br />Page 23 of 36 <br /> <br />~primary Business Name: PATTERSON & ASSOCIATES <br /> <br />IcRD Number: 110735 <br /> <br />, <br /> <br />Rev. OS/2003 <br /> <br />ADV - Annual Amendment, SCHEDULE B <br />3/29/2004 11:09:50 AM <br /> <br />IForm ADV, Schedule B <br /> <br />Indirect Owners <br />1. Complete Schedule B only if you are submitting an initial application. Schedule B asks for <br />information about your indirect owners; you must first complete Schedule A, which asks for <br />information about your direct owners. Use Schedule C to amend this information. <br />2. Indirect Owners. With respect to each owner listed on Schedule A (except individual owners), list <br />below: <br />(a) in the case of an owner that is a corporation, each of its shareholders that beneficially owns, <br />has the right to vote, or has the power to sell or direct the sale of, 25% or more of a class of <br />a voting security of that corporation; <br /> <br />For purposes of this Schedule, a person beneficially owns any securities: (I) owned by his/her <br />child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, <br />father-in-law, son-in-law, daughter-In-law, brother-in-law, or sister-in-law, sharing the same <br />residence; or (ii) that he/she has the right to acquire, within 60 days, through the exercise of <br />any option, warrant, or right to purchase the security. <br />(b) in the case of an owner that is a partnership, all general partners and those limited and <br />special partners that have the right to receive upon dissolution, or have contributed, 25% or <br />more of the partnershlp's capital; <br />(c) in the case of an owner that is a trust, the trust and each trustee; and <br />(d) In the case of an owner that is a limited liability company ("LlCn), (i) those members that <br />have the right to receive upon dissolution, or have contributed, 25% or more of the UC's <br />capital, and (ii) if managed by elected managers, all elected managers. <br />3. Continue up the chain of ownership listing all 25% owners at each level. Once a public reporting <br />company (a company subject to Sections 12 or lS(d) of the Exchange Act) is reached, no further <br />ownership information need be given. <br />4. In the DEIFEII column below, enter "DE" if the owner is a domestic entity, "FE" if the owner is an <br />entity incorporated or domiciled in a foreign country, or RI" if the owner is an individual. <br />5. Complete the Status column by entering the owner's status as partner, trustee, elected manager, <br />shareholder, or member; and for shareholders or members, the class of securities owned (If more <br />than one is issued). <br />6. Ownership codes C - 25% but less than E - 75% or more <br />are: 50% <br />0- 50% but less than F - Other (general partner, trustee, or elected <br />75% manager) <br />7. (a) In the Control Person column, enter "Ves" if the person has control as defined in the Glossary <br />of Terms to Form ADV, and enter "Non if the person does not have control. Note that under <br />this definition, most executive officers and all 25% owners, general partners, elected <br />managers, and trustees are control persons. <br />(b) In the PR column, enter "PR" if the owner is a publiC reporting company under Sections 12 or <br />15(d) of the Exchange Act. <br />(c) Complete each column. <br /> <br />II "" /I II II "Inl II <br /> <br />https:l/crd.nasd.comlIadlContentlPrintHistl AdvlPages/crd_iad_Adv AllPages.asp?RetNum=&vi... 2/14/2005 <br />