Hamrick Investment Counsel LLC

Item 5 – Fees and Compensation

A      A description of the fees we charge for advisory services is set forth in this Item 5. Our fees are
       generally non-negotiable; however, certain individual clients may pay fees that are higher or lower
       than those described in this firm brochure based on legacy fee arrangements or for other reasons.

       Fees for Investment Supervisory Services. When you engage us for these services you will pay us
       an annual asset-based management fee calculated as a percentage of the market value of your
       account in accordance with the following fee schedule:

        Client Assets Under Management                     Annual Advisory Fee (retroactive to the
                                                           first dollar)
        First $2,000,000                                   0.80%
        Next $3,000,000                                    0.60%
        Next $25,000,000                                   0.40%
        Amounts over $30,000,000                           0.30%

       These fees are payable quarterly in arrears and are calculated based upon the market value of your
       account(s) as of the close of the billing period. They shall be pro-rated and adjusted for partial
       billing periods and for any mid-period cash flows into or out of your account(s) based on the date
       of deposit or withdrawal. You should note that some or all of the investments in your account(s)
       may be intended as long-term investments and withdrawals of cash and premature liquidations of
       securities positions may impair our ability to achieve your investment objectives.

HAMRICK INVESTMENT COUNSEL, L.LC.                               FORM ADV PART 2A FIRM BROCHURE

      For purposes of calculating these fees, we rely upon the market value of your account (which shall
      include the value of any cash balances) as determined by the Custodian. The Custodian may use
      various pricing services such as Reuters and Standard & Poor’s to price securities held in your
      account. For actively traded securities, these services use the actual last reported sale price. For
      less actively traded securities, such as bonds, these services will use the appropriate valuation
      methodology to determine the value of the security. You should contact us with any questions or
      concerns about the manner in which the Custodian has priced any investments held in your account.

      Our investment supervisory services may be terminated at any time by either party, on written
      notice. The client may terminate the engagement within five (5) business days of entering into an
      advisory agreement with our firm, without cost or penalty. In the event of termination thereafter,
      the client shall pay HIC a pro-rated advisory fee based on the number of days services were
      provided during the terminating billing period.

      Fees for Financial Consulting Services. When you engage us for these services you will pay us
      fees of $400 per hour, or at such other rate as we may otherwise agree in a written financial
      consulting agreement. We never charge more than $1,200 in fees for these services six (6) or more
      months in advance.

      Our financial consulting services may be terminated at any time by either party, on written notice.
      The client may terminate the engagement within five (5) business days of entering into an advisory
      agreement with our firm, without cost or penalty. Any earned but unpaid fees shall be invoiced to
      you promptly following termination and shall be immediately due and payable to HIC.

B     Payment Methods. HIC’s fees for investment supervisory services may be paid by direct deduction
      from your designated account(s) held at the Custodian, or, at your option, by check. When you
      provide us with written authorization for direct deduction of our fees, we will send a written request
      for payment to the Custodian, and they will pay us the requested amount of advisory fees directly
      from your account. Your authorization for direct fee deduction will be set forth in our written
      advisory agreement and/or the Custodian’s account opening documents and may be revoked by
      you at any time. We will liquidate money market shares or use cash balances from your account
      to pay our advisory fees; however, if money market shares or cash value are not available, other
      investments may be liquidated. Please note that unexpected or premature liquidation of
      investments to pay our advisory fees may impair the performance of your account.

      The Custodian will send an account statement to you monthly or quarterly, identifying the amount
      of funds and each security in your account at the end of the period and setting forth all transactions
      in the account during the period, including the amount of any advisory fees paid directly to us. The
      Custodian is generally not responsible for reviewing the accuracy of our fee calculations. We
      encourage you to review the Custodian’s account statements promptly and carefully upon receipt.
      If you believe we have miscalculated the advisory fees or if there is any other issue with your
      account, you should contact us immediately at the phone number listed on the cover page of this
      brochure.

HAMRICK INVESTMENT COUNSEL, L.LC.                               FORM ADV PART 2A FIRM BROCHURE

       Fees for financial consulting services are payable by check (or other mutually agreed upon form of
       payment) upon our delivery to you of our financial consulting recommendations and an invoice for
       services rendered.

C      Additional Fees and Expenses. Separate and in addition to our advisory fees, you shall be solely
       responsible to bear the costs of all internal fees, costs, and expenses charged by mutual funds,
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Item 7 – Types of Clients

We typically provide investment advice to individuals and high net worth individuals with respect to taxable
accounts, individual retirement accounts, custodial accounts for minor children, and trust accounts. We
also manage some corporate retirement accounts, private foundation accounts, and investment accounts for
nonprofit organizations. Because each client is unique, they must be willing to be involved in the planning
and ongoing processes of our management of their accounts. Such involvement does not have to be time-
consuming; however, we want our clients to remain informed and have a sense of security about their
investments.

We typically require a minimum account size of $500,000 to open or maintain an investment supervisory
services relationship with our firm. Based on our standard fee schedule, this equates to a minimum annual
advisory fee of $4,000. We may waive these requirements at our sole discretion based on existing client
relationships, our expectation of managing additional client assets in the future, familial or personal
relationships with our associated persons, or for any other reason we deem relevant.