J P Davis Inc

ITEM 5   Fees and Compensation
         PORTFOLIO MANAGEMENT ONLY FEES

                        Total Assets Under Management            Annual Fees
                        Minimum Fee (<$30,000)                   $360.00
                        $30,000 - $1,000,000                     1.25%
                        $1,000,001 - $2,000,000                  1.15%
                        $2,000,001 – $5,000,000                  0.85%
                        $5,000,001 - $10,000,000                 0.75%
                        $10,000,001 – And Up                     Negotiable

6                                                                               NRG Wealth Management

        FINANCIAL GUIDANCE ONLY FEES

                      Total Assets Under Advisement*            Annual Fees

                      Minimum Fee (<$3,500,000)                 $10,000

                      $3,500,000 – $5,000,000                   0.30%

                      $5,000,001 - $10,000,000                  0.20%

                      $10,000,001 – And Up                      Negotiable

                      Alternative Financial Guidance Fee Schedule (Hourly / Fixed Fee)
                      Hourly                                    $450 per hour

                      Minimum fixed fee                         $2,500

        *AUA = Assets under advisement. Generally computed as all investable assets.

        The fee is generally negotiable and calculated using the value of the assets in the account on the last
        business day of the prior billing period. Financial guidance fees can be paid using a percent of total assets
        under advisement or on a fixed schedule.

        COMBINED SERVICES (PORTFOLIO MANAGEMENT & FINANCIAL GUIDANCE) FEES
        NRG may combine portfolio management services and financial guidance services for a combined
        fee. The fee schedule is as follows:
                       Total Assets Under Management            Annual Fees
                       Minimum Fee (<$625,000)                  $10,000
                       $625,000 - $1,000,000                    1.60%
                       $1,000,001 - $2,000,000                  1.40%
                       $2,000,001 – $5,000,000                  1.00%
                       $5,000,001 - $10,000,000                 0.85%
                       $10,000,001 – And Up                     Negotiable

        The advisory fee is calculated using the value of the assets in the Account on the last business day of
        the prior billing period.
        These fees are generally negotiable, and the final fee schedule is attached as Exhibit II of the
        Investment Advisory Contract.

NRG Wealth Management                                                                                         7

    FEE BILLING & PAYMENT
    Our asset-based portfolio management fees are annual fees and may be negotiable. Asset-based
    portfolio management fees are paid quarterly in advance. Payments are due on the first day of the
    calendar quarter and are based on the account’s asset value as of the last business day of the prior
    calendar quarter multiplied by the applicable annual rate and divided by four (4). The fee for the
    subsequent quarter is billed and payable within ten (10) days after the end of the prior quarter, based
    on the value of the Client’s account on the last business day of that quarter. We will deduct our asset-
    based management fee only when in receipt of your written authorization by executing an investment
    advisory agreement permitting the fees to be paid directly from your account.
    Fees for our ongoing asset-based financial guidance services are calculated using the value of the
    assets under advisement on the last business day of the prior billing period.
    Financial guidance fees may be assessed by assets under management, on an hourly basis, or on a
    fixed fee basis. An estimate for total hours will be determined at the start of the relationship in order
    to determine whether hourly guidance or project-based guidance is in the client’s best interest. One-
    time/hourly financial guidance fees will be payable upon completion of the financial plan or the
    rendering of consulting. One-time/hourly financial guidance fees are generally paid via check unless
    other arrangements have been made.
    Clients are responsible for all third-party fees (i.e., custodian fees, mutual fund fees, transaction fees,
    etc.). These fees are separate and distinct from the fees and expenses charged by NRG.

    TERMINATION OF AGREEMENT
    Either party may terminate the investment advisory agreement by providing written notice. Upon
    termination of any account, any prepaid, unearned fees will be promptly refunded, and any earned,
    unpaid fees will be due and payable up to and including the effective date of termination.
    For all asset-based fees paid in advance, the fee refunded will be equal to the balance of the fees
    collected in advance minus the daily rate* times the number of days elapsed in the billing period up
    to and including the day of termination. (*The daily rate is calculated by dividing the annual asset-
    based fee rate by 365.)
    Notwithstanding the above, if we do not deliver the appropriate disclosure statement to you at least
    48 hours prior to you entering into any written or oral advisory contract with this us, then you have
    the right to terminate the contract without penalty within five (5) business days after entering into
    the contract.

    OTHER COMPENSATION FOR THE SALE OF SECURITIES TO CLIENTS
    Neither NRG nor its supervised persons accept any compensation for the sale of investment products,
    including asset-based sales charges or service fees from the sale of mutual funds.

8                                                                            NRG Wealth Management

ITEM 7   Types of Clients
          We provide our investment advisory services to:
                Individuals

                High Net Worth Individuals

          There is no minimum account size required, but each service has a minimum fee which may be waived by
          NRG in its discretion.