Dynamic Plan Review: Reduce your plan costs by accepting this offer! Proposed Asset Based Reduction: 0.02%

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1 J.G. GRAY ESTATE Bruce Kirkpatrick 2417 SHELL BEACH DR. LAKE CHARLES, LA Date: April 18, 2016 RE: J.G. GRAY ESTATE EMPLOYEES SAFE HARBOR 401(K) PLAN (the Plan ) Contract Number: (the Contract ) Dear Bruce, Dynamic Plan Review: Reduce your plan costs by accepting this offer! As part of our ongoing commitment, every three years we review your plan services and associated costs to ensure your plan remains competitive and meets your participant and plan needs as your plan grows and evolves. We have completed your second Dynamic Plan Review and are pleased to offer you another reduction in costs: Accepting the Reduction Proposed Asset Based Reduction: 0.02% To accept this reduction, you must sign and return this Authorization to us, either by inserting a digital signature below, or via fax. Additional information regarding this reduction is available in the Proposed Reduction Information section of your offer package. Please retain a copy for your records. Legal Information BY SIGNING THE AUTHORIZATION BELOW, YOU ARE AGREEING TO AN AMENDMENT TO YOUR CONTRACT AND RECORDKEEPING AGREEMENT. On behalf of the Plan, I hereby accept the changes in the charges proposed above and agree to amend the Contract, the Recordkeeping Agreement, and if applicable, the Plan Expense Reduction Account Addendum, in accordance with the changes shown above and in the Proposed Reduction Information included in this communication, subject to the limitations described therein. I further agree to amend my Recordkeeping Agreement as follows: Notwithstanding the provisions of the Amendments to this agreement section of the Recordkeeping Agreement, any reduction to the fees or expenses set forth in the Recordkeeping Agreement may be implemented by John Hancock following 60 days written notice to me. My failure to object within a reasonable period, as specified in the notice, will be treated as my consent to changes described in the notice. I hereby represent that I am authorized to provide this authorization on behalf of the Plan named above. I further acknowledge and agree that, except as otherwise modified to reflect the changes in the Proposed Reduction Information, the terms and conditions contained in the Contract issued to the Plan continue to apply and remain in full force. I understand that John Hancock will process the changes as soon as reasonably practicable, but, no later than 31 days after receipt of my authorization. /s1.sh/ /s1.nm/ /s1.ds/ Signature of Trustee/Authorized Named Fiduciary Name Date THIS OFFER IS VALID UNTIL THE EARLIER OF DECEMBER 31, 2016 OR THE DATE ON WHICH JOHN HANCOCK MAKES A NEW OFFER GT-PS25712-GE 03/ REF: DPR

2 Estimated Plan Costs: Proposed Reduction Information The following table outlines the details of your proposed reduction of 0.02%. Current Proposed Total Revenue Used Towards Plan Costs 0.85% 0.85% Credits (available to participants) 1 (0.05%) (0.07%) Estimated Asset Based Plan Costs % 0.78% Small differences between figures shown may occur due to rounding. Base Annualized Asset Charge: Your current estimated base annualized asset charge will continue to be waived provided contract assets total $250,000 or more at the end of the previous month. Offer Details: This offer is based on plan information as of April 18, Any subsequent changes to the cost of John Hancock recordkeeping services will be made based on negotiation and agreement by and between the Plan Trustee and John Hancock. If, at any point between April 18, 2016 and the implementation of this reduction, you instruct John Hancock to change any intermediary compensation, the reduction will be implemented in conjunction with that instruction on intermediary compensation. As a result, the estimated plan costs described may differ from the actual plan costs after implementation. The estimated cost of John Hancock recordkeeping services will not change, however, the total revenue used towards plan costs or the credits, if applicable, may be different than this proposal to accommodate your instructions. John Hancock will proceed with the implementation of this reduction and you will be provided with information about the updated credits or the class of funds once John Hancock has updated the recordkeeping system. The proposed reduction applies to this contract alone. If this contract s pricing is currently linked (e.g., common interest) to another John Hancock contract, this offer may be re-reviewed, rescinded and/or reissued by John Hancock. If you wish to retain the link, please speak to your Financial Representative or your John Hancock Representative to determine the impact it may have on the proposed reduction. 1 Credits will be allocated to each participant with an account balance at the end of each month based on month-end balances. The account value is determined on the last day of each month and excludes the value of any loan account or, if applicable, any assets invested in a Personal Brokerage Account (PBA). 2 A portion of the revenue that John Hancock receives from the group annuity products sold to qualified retirement plans is used to fund the John Hancock TPA Program ("TPA Program") as an investment in the development of our product and service offering.

3 John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York are collectively referred to as "John Hancock". This document is provided by John Hancock for informational purposes only. It is not intended to be, nor should it be construed as or be relied upon as tax, legal or financial advice. Neither John Hancock nor any of its affiliates, representatives, employees, or agents provides tax, financial or legal advice. Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances using the John Hancock Retirement Plan Services name. Group annuity contracts and recordkeeping agreements are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY Product features and availability may differ by state. The Investment Management Services Division of John Hancock provides investment information relating to the group annuity contract. Plan administrative services may be provided by John Hancock Retirement Plan Services LLC or a plan consultant selected by the Plan. NOT FDIC INSURED MAY LOSE VALUE NOT BANK GUARANTEED NOT INSURED BY ANY GOVERNMENT AGENCY 2016 All rights reserved. GT-PS25712-GE 03/ For Plan Sponsor use only. Not for use with plan participants. GA REF: DPR

4 Important Information Relating To Participant Change Notice Dynamic Plan Review has resulted in a reduction in your plan costs. As such, you are required to issue a notice to participants notifying them of the change. To help you with the notification process, John Hancock has created a sample participant notice that you may use. Alternatively, you may create your own communication. Who should receive the notice? Any notice of change must go to all plan participants. This includes: All employees eligible to participate in the plan; Any terminated employees with an account balance; and Any beneficiaries or alternate payees with the right to direct plan investments or receive a benefit When should the participant notice be sent? According to 404a-5, changes should be communicated at least 30, but not more than 90 days ahead of the effective date. If a plan sponsor does not have the ability to provide 30 days notice due to circumstances beyond their control, notification of the change must be made as soon as is reasonably practical. We understand that providing 30 days advance notice may not be possible in all circumstances, but we expect most plan sponsors will distribute the notice as soon as possible after returning the signed Authorization to John Hancock. Additional Information This package is communicating an overall reduction in your plan costs. However, you may see charges reflected differently in the Proposed Reduction Information letter and the Participant Change Notice. The Participant Change Notice reflects changes to the charges deducted from participant accounts for administrative services such as recordkeeping, consulting and administration. Charges associated with the plan's administrative expenses paid from the total annual operating expenses of the Investment options are not reflected in this Notice. If you would like to learn more about the regulatory requirements, please visit This information is provided for your convenience only, and is not intended to be, nor should it be construed as, legal, tax, investment or other advice from John Hancock. John Hancock cannot provide legal advice on whether you are required by applicable Department of Labor regulations to provide a notice to plan participants describing the expense changes described in the Proposed Reduction Information and Supplemental Information. The responsibility for satisfying 404a-5 requirements, including the accuracy, timing and distribution of your disclosure, rests with you (the plan administrator and/or plan sponsor), and not John Hancock.

5 April 18, 2016 Dear Employee, YOUR 401(k) PLAN S ADMINISTRATIVE COSTS ARE BEING REDUCED The Plan Trustee(s) of J.G. GRAY ESTATE are committed to ensuring the costs and recordkeeping services reflect the needs of your Plan. We recently conducted a plan review with John Hancock and are pleased to announce a reduction in your plan costs. The changes, outlined below, will come into effect no later than 30 days after you receive this notice. This letter is communicating an overall reduction in your plan costs. You may see these charges reflected in a different manner than previously disclosed on your 404a-5 Plan & Investment Notice. Description Current Revised Credits Credit of (0.05%)* Credit of (0.07%)* Small differences between figures shown may occur due to rounding. This letter only includes the administrative charges that are changing. For a complete list of administrative charges, review the Important Plan Information section of the 404a-5 Plan & Investment Notice that was previously provided to you or contact your plan administrator. You can also access this notice by visiting John Hancock s participant website at (or for plans domiciled in New York). If you have any questions about this letter, please contact your Plan Administrator. *If applicable, charges may fluctuate based on the total assets in the Plan according to a pre-set schedule and other conditions agreed to by your plan sponsor and John Hancock. If a credit rate applies, it may vary depending on the applicable percentage based charges.