JPL Wealth Management LLC

Item 5. Fees and Compensation
      JPL offers services on a fee basis, which includes fixed fees, as well as fees based upon assets under
      management or advisement.

      Financial Planning and Consulting Fees

      JPL charges a fixed fee for providing financial planning and consulting services under a stand-alone
      engagement. These fees are negotiable, but range from $5,000 to $10,000, depending upon the scope and
      complexity of the services and the professional rendering the financial planning and/or the consulting
      services. If the client engages the Firm for additional investment advisory services, JPL can offset all or a
      portion of its fees for those services based upon the amount paid for the financial planning and/or consulting
      services.

      The terms and conditions of the financial planning and/or consulting engagement are set forth in the
      Advisory Agreement. JPL requires one-half of the fee payable upon execution of the Advisory Agreement.
      The outstanding balance is due upon delivery of the financial plan or completion of the agreed upon
      services. The Firm does not, however, take receipt of $1,200 or more in prepaid fees, six or more months
      in advance of services rendered.

      Wealth Management Fees

      JPL offers wealth management services for an annual fee based on the amount of assets under the Firm’s
      management. This management fee varies in accordance with the following blended fee schedule:

                                  PORTFOLIO VALUE                        BASE FEE
                                     First $1,000,000                     1.00%
                                     Next $1,000,000                      0.85%
                                     Next $3,000,000                      0.75%
                                     Next $5,000,000                      0.50%
                                    Above $10,000,000                    Negotiable
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      The annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets
      being managed by JPL on the last day of the previous quarter as determined by a party independent from
      the Firm (including the client’s custodian or another third-party).

      The Firm includes cash in a client’s account in determining the valuation for billing purposes. The Firm
      may, in its sole discretion, not include cash in determining the fee, especially where a client has a high
      percentage of cash for reasons other than the Firm's investment management decision.

      If assets are deposited into or withdrawn from an account after the inception of a billing period, the fee
      payable with respect to such assets is adjusted to reflect the interim change in portfolio value. For the initial
      period of an engagement, the fee is calculated on a pro rata basis. In the event the advisory agreement is
      terminated, the fee for the final billing period is prorated through the effective date of the termination and
      the outstanding or unearned portion of the fee is charged or refunded to the client, as appropriate.

      Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
      held-away assets, accommodation accounts, alternative investments, etc.), JPL can negotiate a fee rate that
      differs from the range set forth above. Clients are advised that a conflict of interest exists for the Firm to
      recommend that clients engage JPL for additional services for compensation, including rolling over
      retirement accounts or moving other assets to the Firm’s management. Clients retain absolute discretion over
      all decisions regarding engaging the Firm and are under no obligation to act upon any of the
      recommendations.

      Fee Discretion

      JPL may, in its sole discretion, negotiate to charge a lesser fee based upon certain criteria, such as
      anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
      managed, related accounts, account composition, pre-existing/legacy client relationship, account retention,
      pro bono activities, or competitive purposes.

      Additional Fees and Expenses

      In addition to the advisory fees paid to JPL, clients also incur certain charges imposed by other third parties,
      such as broker-dealers, custodians, trust companies, banks and other financial institutions (collectively
      “Financial Institutions”). These additional charges include securities brokerage commissions, transaction
      fees, custodial fees, fees attributable to alternative assets, fees charged by the Independent Managers,
      margin and other borrowing costs, charges imposed directly by a mutual fund or ETF in a client’s account,
      as disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), deferred sales
      charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes
      on brokerage accounts and securities transactions. The Firm’s brokerage practices are described at length
      in Item 12, below.

      Direct Fee Debit

      Clients provide JPL and/or certain Independent Managers with the authority to directly debit their accounts
      for payment of the investment advisory fees. The Financial Institutions that act as the qualified custodian
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      for client accounts, from which the Firm retains the authority to directly deduct fees, have agreed to send
      statements to clients not less than quarterly detailing all account transactions, including any amounts paid
      to JPL.
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Item 7. Types of Clients
      JPL offers services to individuals, trusts, estates, charitable organizations, corporations and other business
      entities, and pension and profit-sharing plans. We do not impose an account minimum.