Hicks Capital Management LLC

Item 5           Fees and Compensation

                                   INVESTMENT ADVISORY SERVICES
         If a client determines to engage the Registrant to provide discretionary and/or non-
         discretionary investment advisory services on a fee basis, the Registrant’s annual
         investment advisory fee shall be based upon a percentage (%) of the market value and type
         of assets placed under the Registrant’s management (between 1.50% and negotiable), to be
         charged quarterly in advance, as follows:
                              Market Value of Portfolio Annual Fee %
                                 First $500,000                  1.50%
                                 Next $500,000                   1.35%
                                 Next $1,000,000                 1.15%
                                 Next $1,000,000                 1.05%
                                 Above $3,000,000                Negotiable

         *At the sole discretion of the Registrant, the Registrant may choose to provide its
         investment advisory services at a fixed percentage % rate.

    As indicated above, Registrant shall receive an investment advisory fee based upon a
    percentage (%) of the market value of the assets placed under management/advisement.
    However, fees may vary depending upon various objective and subjective factors,
    including but not limited to: the representative assigned to the account, the amount of assets
    to be invested, the complexity of the engagement, the anticipated number of meetings and
    servicing needs, related accounts, future earning capacity, anticipated future additional
    assets, and negotiations with the client. As a result, similarly situated/invested clients could
    pay different fees, which will correspondingly impact a client’s net account performance.
    Moreover, the services to be provided by the Registrant to any particular client could be
    available from other advisers at lower fees. All clients and prospective clients should be
    guided accordingly.

            FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
    To the extent specifically requested by a client, the Registrant may determine to provide
    financial planning and/or consulting services (including investment and non-investment
    related matters, including estate planning, insurance planning, etc.) on a stand-alone fee
    basis. Registrant’s planning and consulting fees are negotiable, but generally range from
    $500 to $25,000 on a fixed fee basis, and from $75 to $500 on an hourly rate basis,
    depending upon the level and scope of the service(s) required and the professional(s)
    rendering the service(s).

                                   RETIREMENT CONSULTING
    The Registrant’s non-discretionary consulting services to 401(k)s, defined contribution and
    profit sharing plans are typically offered on either an annual fixed fee basis or on a
    percentage of the market value of the balance of the plan assets. When offered on a
    percentage of the value of the assets within the plan, the Registrant’s fee typically ranges
    from 1.00% to 0.25%. The terms and conditions of the engagement shall generally be set
    forth in a Retirement Plan Consulting Agreement between the Registrant and the plan
    sponsor.

A. Clients may elect to have the Registrant’s advisory fees deducted from their custodial
   account. Both Registrant's Investment Advisory Agreement and the custodial/clearing
   agreement may authorize the custodian to debit the account for the amount of the
   Registrant's investment advisory fee and to directly remit that management fee to the
   Registrant in compliance with regulatory procedures. In the limited event that the
   Registrant bills the client directly, payment is due upon receipt of the Registrant’s invoice.
   The Registrant shall deduct fees and/or bill clients quarterly in advance, based upon the
   market value of the assets on the last business day of the previous quarter.

B. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, the Registrant shall generally recommend that Fidelity Investments,
   LLC (“Fidelity”) serve as the broker-dealer/custodian for client investment management
   assets. Broker-dealers such as Fidelity charge brokerage commissions and/or transaction
   fees for effecting certain securities transactions (i.e. transaction fees are charged for certain
   no-load mutual funds, commissions are charged for individual equity and fixed income
   securities transactions). In addition to Registrant’s investment management fee, brokerage
   commissions and/or transaction fees, clients will also incur, relative to all mutual fund and
   exchange traded fund purchases, charges imposed at the fund level (e.g. management fees
   and other fund expenses).

C. Registrant's annual investment advisory fee shall be prorated and paid quarterly, in
   advance, based upon the market value of the assets on the last business day of the previous
   quarter. The Registrant shall adjust its billing for inflows and outflows in excess of 10% of
   the value of the account.

    The Registrant generally requires an aggregate minimum asset level of $250,000 for
    investment advisory services. The Registrant, in its sole discretion, may charge a lesser
    investment management fee and/or waive or reduce its minimum asset requirement based
    upon certain criteria (i.e. anticipated future earning capacity, anticipated future additional
    assets, dollar amount of assets to be managed, related accounts, account composition,
    negotiations with client, etc.).

    The Investment Advisory Agreement between the Registrant and the client will continue in
    effect until terminated by either party by written notice in accordance with the terms of the
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Item 7           Types of Clients

         The Registrant’s clients shall generally include individuals, business entities, trusts, estates,
         and charitable organizations.