The Investment Counsel Company of Nevada

Item 5: Fees and Compensation

   A.
        INVESTMENT ADVISORY SERVICES
        If a client determines to engage the Registrant to provide discretionary and/or non-
        discretionary investment advisory services on a fee-only basis, the Registrant’s annual
        investment advisory fee shall generally be based upon a percentage (%) of the market
        value and type of assets placed under the Registrant’s management as follows:

                  Market Value of Portfolio            % of Assets
                     First     $2 Million                 1.00%
                     Next      $3 Million                 0.60%
                     Next      $5 Million                 0.50%
                     Next      $40 Million                0.40%
                     Over      $50 Million                0.25%

        For clients with assets under management of less than $1,000,000, the Registrant’s
        annual investment advisory fee shall generally be based upon a percentage (%) of the
        market value and type of assets placed under the Registrant’s management as follows:

              Market Value of Portfolio          % of Assets
                 Up to $667,000                     1.50%
                 $667,001 to $999,999               $2,500 quarterly

B. 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 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.

C. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, the Registrant shall generally recommend that various broker-
   dealer/custodians serve as the broker-dealer/custodian for client investment
   management assets.

    Broker-dealers such as Charles Schwab & Co., Inc. (Schwab) charge brokerage
    commissions, transaction, and/or other type fees for effecting certain types of securities
    transactions (i.e., including transaction fees for certain mutual funds, and mark-ups and
    mark-downs charged for fixed income transactions, etc.). The types of securities for which
    transaction fees, commissions, and/or other type fees (as well as the amount of those
    fees) shall differ depending upon the broker-dealer/custodian.

    While certain custodians, including Schwab, generally (with exceptions) do not currently
    charge fees on individual equity transactions (including ETFs), others do. There can be no
    assurance that Schwab will not change its transaction fee pricing in the future.

    Schwab may also assess fees to clients who elect to receive trade confirmations and
    account statements by regular mail rather than electronically.

    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 generally requires a minimum asset level of $3,000,000
    for investment advisory services. However, the Registrant may provide investment
    advisory services to clients with less than $1,000,000 in assets under management subject
    to the alternate fee schedule discussed above.

    The Registrant, in its sole discretion, may charge a lesser investment management fee or
    reduce or waive its minimum asset or fee 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, etc.).

D. 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 Investment Advisory Agreement. Upon termination, the Registrant shall refund
   the pro-rated portion of the advanced advisory fee paid based upon the number of days
   remaining in the billing quarter.

    E. Neither the Registrant, nor its representatives accept compensation from the sale of
       securities or other investment products.

Item 7: Types of Clients

        The Registrant’s clients shall generally include individuals, pension and profit-sharing
        plans, business entities, trusts, estates and charitable organizations.