LIDO Advisors LLC

Item 5: Fees And Compensation

A. Advisory Fees

Lido typically charges an annual percentage rate fee based on a client’s total assets managed by Lido (“Asset Management fee”). Lido enters
into other fee arrangements including, but not limited to, fixed fees based on client-specific circumstances, or the advisory service being
rendered. The Agreement will reflect all fee arrangements between Lido and the client. Although Lido believes its fees are competitive, the
client should be aware that lower fees for comparable services may be available from other sources.

1. Asset Management fees

Lido’s Primary Asset Management fees

Lido’s Asset Management fee is calculated based on an annual percentage that is determined by the client’s total managed assets amount
(“Managed Account(s) Assets Amount”), as described below.

                      Annual Percentage              Managed Account(s) Assets Amount
                      1.25%                          on account assets under $2,000,000
                      1.00%                          on account assets of $2,000,000 and higher

The applicable Annual Percentage is determined by a client’s total Managed Account(s) Assets Amount (see further below on how this is
determined) and that Annual Percentage is applied uniformly to the total Managed Account(s) Assets Amount. The Asset Management fee
is then calculated using the applicable Annual Percentage multiplied by the Managed Account(s) Assets Amount. For example, if Lido is
managing a client’s total Managed Account(s) Assets Amount of $3 million, an Annual Percentage of 1% would apply, resulting in an
annualized fee calculated as 1% of $3 million. This fee schedule applies only to Lido’s Asset Management fee. Other fees, such as those
charged by custodians, TPAMs, or sub-advisers, will be in addition to the Asset Management fee or the other applicable asset management
fee described below in “Other Asset Management fees.” Clients are charged a minimum Asset Management fee of $2,500 per quarter
($10,000 annually), except as otherwise noted below in “Other Asset Management fees.” Please note that when a client’s total Managed
Account(s) Assets Amount is less than $800,000, the minimum fee paid equals more than 1.25% of the Managed Account(s) Assets Amount.

Lido will also in certain instance utilize a marginal fee calculation, where Managed Account(s) Assets Amount tiers are each assessed specific
Asset Management fees. For example, if Lido is managing a client’s total assets of $3 million (Managed Account(s) Assets Amount), an
Annual Percentage of 1.25% would apply to $2 million and an Annual Percentage of 1% would apply to $1 million.

LIDO ADVISORS FIRM BROCHURE (PART 2A OF FORM ADV) I 2026

Relevant in determining the total Asset Management fee is the market value of the client’s billable managed assets subject to the Asset
Management fee on the last business day of the prior quarter (or, in the absence of a then-current known market value, the last known
market value). Lido determines the client’s total Managed Account(s) Assets Amount in order to calculate its Asset Management fee.

For purposes of calculating the Asset Management fee, Lido’s policy is as follows:

     •    For all publicly traded, marketable securities held by the client, Lido will receive daily prices electronically from a third-party
          provider, which are reconciled with daily prices received by the client’s custodians. Any noted discrepancies are promptly
          corrected, and the reconciled prices are used for determining market value. The market value of an account includes securities
          and cash (and cash equivalents) in the account.
     •    For privately held, hard to value, or illiquid (where no public market or ready access to buyers or sellers) securities, such as
          Alternative Investments, Lido uses the most recently reported valuation at the end of the billing quarter. Lido relies on reported
          valuations by the custodian, or third-party or affiliated asset managers or sub-advisers and has limited ability to verify the
          accuracy of the reported valuation. In rare instances, primarily when a valuation is not readily discerned by any of the
          aforementioned sources, an internally derived valuation, consistent with Lido’s policies and procedures, will be utilized. Reported
          valuations for Alternative Investments typically lag other valuations and the last available values will likely differ from the values
          effective as of the end of the billing quarter.
     •    Fees are not charged on accrued dividends and interest.

The Asset Management fee is based on an annual percentage, calculated quarterly, and billed in arrears after the end of each quarter. Lido
calculates the Asset Management fee based on the average daily market value of a client’s billable managed assets, determined by
averaging the closing values of the billable assets for each day in the quarter, including cash and cash equivalents, or, in the absence of a
then-current known market value, the last known market value. While Lido does not adjust fees for any addition or withdrawal activity, the
fee calculation will include the market value of assets held on margin. Please note, the use of margin in an investment advisory account
increases the total market value of the assets, which in turn increases Lido’s asset-based investment management fee. This creates a conflict
of interest since there is an incentive for Lido to recommend the use of margin to clients. In addition, the use of margin increases leverage
in a client’s account and therefore increases overall risk. To address the conflict and due to the risks involved, Lido only recommends margin
to clients that the firm has deemed suitable, where it is in line with the client’s investment strategy, and the client has the investment
...

Item 7: Types of Clients

A. Clients

Lido offers investment advisory and financial-related services to its clients, which include high-net-worth and ultra-high-net worth
individuals, their families, pensions, defined contribution plans, profit-sharing plans, trusts, estates, charitable organizations, corporations
and other types of business entities, insurance companies, and pooled investment vehicles.

B. Client Accounts

Lido generally requires a minimum of $1 million to open an investment advisory account. Lido reserves the right to waive or adjust this
minimum, as well as decline any potential client, for any reason. Lido’s client relationship is reflected in the Agreement. See also Item 4
(Advisory Business) and Item 5 (Fees and Compensation).

When providing investment advice to a client, Lido is deemed a fiduciary pursuant to certain federal regulations, and within the meaning
of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing
retirement accounts. The way the firm makes money creates conflicts of interest; however, as a fiduciary, Lido and our supervised persons
are required to always act in our clients’ best interests, which means we must, at a minimum take the following steps:

     •    Meet a professional standard of loyalty and care when making investment recommendations.
     •    Always put our clients’ interests ahead of our own when making recommendations and providing services.
     •    Disclose all conflicts of interest and how the Firm addresses such conflicts.
     •    Adopt and follow policies and procedures designed to help ensure that we give advice and provide services that remain in each
          client’s best interest.
     •    Charge an advisory fee that is reasonable for our services.
     •    Not provide, or withhold, any information that could render our advice and/or services misleading.

Clients covered under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) will be provided certain required
disclosures to the “responsible plan fiduciary” in accordance with ERISA Section 408(b)(2). These disclosures provide notice setting forth
Lido’s services and the direct and indirect compensation Lido receives from these services. Lido provides information related to its
compensation arrangements in its Brochure and Agreement. These disclosures are collectively designed to enable the ERISA fiduciary to
determine the reasonableness of all compensation received by Lido, identify any potential conflicts of interests, and satisfy reporting and
disclosure requirements to plan participants.

A client meeting the definition of “qualified client” prior to the definitional change is grandfathered from these new requirements.