Thiel Investment Management Company LLC

Item 5 - Fees and Compensation

The client pays Trinity Neches for its advisory services based upon the client's assets under management. Fees
are calculated by multiplying the assets under management by the relevant percent and dividing such product by
four (4). Private Wealth Management Accounts opened in mid-quarter will be assessed at a pro-rated
management fee. Fees are payable quarterly, in arrears, and such fees may be deducted from client's account(s)
quarterly within thirty (30) days following the end of the previous quarter for which said fees will be incurred.
Quarterly fees are calculated at the annual rate, adjusted for the days in the cycle; contributions/distributions will
be prorated.

Private Wealth Management Advisory Fees:

The advisory fees payable to the Firm are a percentage of assets under management. The amounts and specific
manner in which fees are charged is memorialized in our contract with the client. Trinity Neches is compensated
through an annualized asset-based fee which will be paid quarterly in arrears. The valuation of securities and
other instruments are generally determined by their last reported sale price on the principal market in which they
are traded, if traded on a market for which transaction prices are publicly reported. Otherwise, other readily
marketable securities and instruments are valued by using a pricing service or by other equitable means
consistent with the fiduciary duty of the money manager to determine a fair market value.

The fee schedule for this service is as follows:

Fee schedule:

Assets                             Rate

The first $1,000,000               1.00%
The next $4,000,000                0.50%
Over $5M                           0.25%

Account Minimum: We generally require a $250,000 minimum of billable assets for the management of accounts
but reserve the right to make exceptions on a case-by-case basis. We reserve the right to refuse to accept
proposed management responsibilities and to resign from the management of any individual account.

Veterans and active military will receive 25% discount to the standard fee schedule along with a reduced
minimum account balance to $100,000 of billable assets.

We maintain a Limited Power of Attorney for all discretionary accounts for directing and or effecting investments
on behalf of the managed account and for the direct payment of our fees.

Corporate Retirement Plan Services

Fee schedule:

Assets                             Rate

The first $1,000,000               0.50%
The next $4,000,000                0.30%
The next $5,000,000                0.20%
Over $10M        0.13%

Minimum Annual Fee is $5,000.00

Termination

The relationship may be terminated by either party upon 10 days’ written notice. Since fees are paid in arrears, a
final fee will be charged which will be prorated according to the number of days for which we provided service
during the current quarter. Notwithstanding the above, if the appropriate disclosure statement was not delivered to
the client at least 48 hours prior to the client entering into any written or oral advisory contract with this investment
adviser, then the client has the right to terminate the relationship, contract without penalty, within five (5) business
days after entering into the contract.

Financial Planning Fees:

For written financial plans, we charge a fixed fee. Financial Planning Fees start at $5,000 and are adjusted based
on the type and complexity of the financial plan. The final amount will be specified in the Financial Planning
Agreement.

One-half of the fee stated in the Financial Planning Agreement is due at signing. The balance shall be due and
payable upon completion of the agreed upon services. If a Client chooses to terminate within ten (10) business
days from the date of execution, client is entitled to a full refund. Clients may terminate at any time via written
notice before the service is complete, we will charge a prorated amount for the work completed (based on how
many hours utilized times $300 an hour).
Notwithstanding the above, all fees are negotiable and certain clients may be charged less, depending upon a
number of factors, including portfolio size, employment, and relationship to Advisor.

Private Wealth Management Client Satisfaction Commitment

If at any time or for any reason a client is not completely satisfied with our services, at the client’s request, we will
refund the client’s advisory fee for the previous calendar quarter. The client will receive a credit to their
account(s) within approximately four weeks of the request. No other fees, commissions, charges, expenses, or
market losses will be refunded.

Prior to the account(s) being refunded, the client must meet (in person) with a representative from the firm.

Fee Payment

Direct debiting: at the end of each calendar quarter, we will notify your custodian of the amount of the fee due
and payable to us through our fee schedule and contract. The custodian does not validate, or check our fee, nor
its calculation on the assets on which the fee is based. The custodian will “deduct” the fee from your account(s)
or, if you have more than one, account from the account you have designated to pay our advisory fees.

            o    At least quarterly, you will receive a statement directly from your custodian showing all
                 transactions, positions, and credits/debits into or from your account, including the advisory fee
                 paid by you to us.

Additional Fees and Expenses

Advisory fees payable to us do not include all the fees you will pay when we purchase or sell securities for your
Account(s). The following list of fees or expenses are what you pay directly to third parties, whether a security is
being purchased, sold, or held in your Account(s) under our management. Fees charged are by the broker dealer
/ custodian.
...

Item 7 - Types of Clients

We provide our services to a number of Clients:

    •   Individuals, including high net worth individuals

    •   Trusts, estates, and charitable organizations

    •   Profit sharing plans

    •   Corporations or other business entities

Account Minimum: We generally require a $250,000 minimum of billable assets for the management of accounts
but reserve the right to make exceptions on a case-by-case basis.