Ashton Thomas Securities LLC

Item 5           Fees and Compensation

   A. The client can engage Ashton Thomas to provide discretionary and/or non-discretionary investment
      advisory services on a wrap or non-wrap fee basis. Ashton Thomas annual investment advisory fee
      shall include investment advisory services, and, to the extent specifically requested by the client,
      financial planning and consulting services. In the event that the client requires extraordinary
      planning and/or consultation services (to be determined in the sole discretion of Ashton Thomas),
      Ashton Thomas may determine to charge for such additional services, the dollar amount of which
      shall be set forth in a separate written notice to the client.

         Fees paid to Ashton Thomas for advisory services do not include annual IRA maintenance fees or
         other customer elected account features that have associated fees. IRA maintenance fees are $43.50
         annually unless the account qualifies for mutual fund only IRA which has an annual account fee of
         $12.

         Fees paid to Ashton Thomas are separate and distinct from any fees and expenses charged by mutual
         funds, ETFs (exchange traded funds) or other investment pools (generally including a management
         fee and fund expenses, as described in each fund’s prospectus, or offering materials).

                           Ashton Thomas is not paid any portion of any fees and expenses imposed by mutual funds, ETFs,
                           or any investment products. Ashton Thomas encourages our customers to understand all fees
                           charged by Ashton Thomas, mutual fund companies, and others to so they can make informed
                           decisions.

                           Ashton Thomas collects fees from all FB, METF, and Morningstar Program accounts expressed as
                           an annual percentage of client assets and billed monthly in advance. Ashton Thomas collects fees
                           from all MAC Advisory AS8 & AS9 Program accounts expressed as an annual percentage of client
                           assets and billed quarterly in advance. Fees charged will vary depending on the program category,
                           program type, and the value of the account.

                           Below is the table of maximum program account fee thresholds:

                                                         Maximum Annual Advisory Fee

                                  FB1           FB2             FB3            METF
  Household Asset Level                                                                    Morningstar Portfolios   AS8            AS9
                                Advisory      Advisory        Advisory        Advisory

 Billing Frequency              Monthly        Monthly        Monthly         Monthly              Monthly          Quarterly      Quarterly

Maximum Annual Fee %             1.50%          1.25%          1.00%           1.50%                1.50%            2.99%          2.99%

                          The FB Program, METF Program, and Morningstar Program accounts are charged advisory fees
                          monthly in advance and fees are deducted from client accounts. Clients are not able to elect alternate
                          billing methods. We may, at our discretion, make exceptions to the foregoing or negotiate special fee
                          arrangements where we deem it appropriate under individual circumstances.

                          Additional expenses related to Non-Wrap account types

                      •      Advisory clients electing Non-Wrap programs will incur brokerage transaction costs as per the
                             table below.

                                 Type of Transaction                                     Transaction Charge

                                 Stocks, Mutual Funds, Options & ETFs                    $19

                                 Mutual Fund (exchange)                                  $5

                      •     Non-Wrap program accounts can leverage the Pershing Fundvest platform which allows program
                            accounts to buy, sell, and exchange nearly 7000 load and no-load mutual funds from more than
                            300 fund families without incurring any transaction fees.
                      •     Tax qualified Advisory accounts will be subject to annual IRA maintenance fees equal to $43.50
                            unless a mutual fund only election has been made and the selected program is eligible for mutual
                            fund only election, in which case the annual fee will be $12.

                                                                 AMPLIFY PLATFORM
                           To the extent that an adviser engages an Independent Manager on a sub-advisory basis, a portion of
                           the Platform Fee shall be paid to the Independent Manager as compensation for the management of
                           the underlying client’s assets designated for their management. The Platform Fee can range from
                           0.00% to 1.50%, annually, and may differ from client to client and shall vary based upon the

Independent Manager selected from the Amplify Platform based upon various subjective and
objective factors.

Clients who participate in the Amplify Platform program shall pay advisory fees to the Independent
Manager who manage the underlying client assets on a sub-advisory basis. Fees paid to the
Independent Manager are in addition to the platform and administrative fees charged by Ashton
Thomas and the advisory fee charged by your investment adviser as a Platform Member.
Independent Manager fees are billed and collected in the same manner as the Ashton Thomas
...

Item 7           Types of Clients

         Ashton Thomas’ clients shall generally include individuals, business entities, trusts, estates, and
         charitable organizations.