Lucid Advisors Inc

Item 5 – Fees and Compensation
Lucid Advisors is a fee-only advisory firm. Our sole compensation is from fees billed directly to each client under our written agreement, all
client fees are subject to negotiation. Since the inception of our firm, we have received no compensation from any investment products or
services we recommend to clients. Lucid was founded in 2001 with the core philosophy our compensation would be completely transparent
and not driven by any investment products or providers we may recommend.

EMPLOYER AND INSTITUTIONAL CLIENT SERVICES
Fees for our consulting and fiduciary investment advisory services to companies and organizations are customized for each client based upon
their specific needs. Project fees applicable to non-recurring services customarily start at $4,000, increasing based upon project scope and
complexity.

Consulting and investment advisory fees applicable to ongoing engagements vary widely, generally ranging from $4,000/quarter up to
$25,000/quarter. These fees are based upon a variety of factors including but not limited to assets advised, workforce size and number of
locations, plan design, quantity and types of investments, and services provided. Our consulting and investment advisory fees are subject to
negotiation based upon the specific terms and requirements of each engagement. Lucid routinely bundles services based upon client needs
and may provide discounts to clients who contract for a package of related services ongoing.

Our standard process is to develop a proposal designed to fit each client's situation and tailor the fee based upon the services outlined therein
and the frequency of delivery. This process includes creating a “Statement of Work” in which specific services, fees and terms are detailed.

Form ADV Part 2A

One client can have multiple “Statements of Work” depending on their needs over time. Although specific billing practices can vary based
upon circumstances, customarily our consulting fees for ongoing services are invoiced at the beginning of each calendar quarter, or for projects
based upon agreed-upon milestones.

Our standard Professional Services Agreement allows either party to terminate the relationship at any time with 30 days advance notice. Upon
termination, any prepaid fees for the current period will be refunded on a pro-rata basis. If there is work in progress at the time of termination
notification that the client desires to be completed (and Lucid consents to complete this work), the applicable refund period will be calculated
from the time the completed work is delivered to the client.

PRIVATE CLIENT SERVICES (note: except in limited situations Lucid Advisors generally is not accepting new clients for these services)
In exchange for our services, we charge a flat quarterly fee based upon the assets we manage for you in accordance with the tiered fee-
schedule contained in our client agreement. We do not receive any commissions, fees, or rebates from any investment or insurance companies
in exchange for utilizing their products or services with our clients; our revenues come only from one source, our clients.
Our current standard fee schedule is as follows:

         Assets Advised                                          Quarterly Fee
         $0 up to $150,000                                       $500.00
         $150,001 up to $250,000                                 $625.00
         $250,001 up to $375,000                                 $900.00
         $375,001 up to $500,000                                 $1,075.00
         $500,001 up to $750,000                                 $1,425.00
         $750,001 up to $1,000,000                               $2,100.00
         $1,000,001 up to $1,500,000                             $2,437.50
         $1,500,001 up to $2,000,000                             $3,437.50
         $2,000,001 up to $3,000,000                             $4,250.00
         $3,000,001 up to $4,000,000                             $5,500.00
         $4,000,001 up to $5,000,000                             $6,250.00
         $5,000,001 up to $7,500,000                             $7,500.00
         $7,500,001 up to $10,000,000                            $9,375.00
         $10,000,001 up to $12,500,000                           $10,500.00
         $12,500,001 up to $15,000,000                           $11,650.00
         $15,000,001 up to $17,500,000                           $12,937.50
         $17,500,001 up to $20,000,000                           $14,375.00
         $20,000,001 up to $25,000,000                           $15,750.00
         $25,000,001 +                                           negotiable

In addition to the above quarterly fixed fee, in certain situations where clients maintain investment accounts which cannot support our portfolio
data linking Lucid Advisors may assess an additional quarterly fee (typically $450) to support the additional time and effort incurred for Lucid
to review, manage and advise upon the account. Similarly, for clients who invest in certain private securities Lucid may assess an additional
quarterly private investment administration fee (also typically $450) to support the additional time and effort incurred for Lucid to review,
manage and advise upon the account.

Fees may be negotiable based upon the circumstances; Lucid Advisors is willing to consider client-specific circumstances and proposals. Fees
may be discounted or waived for certain clients (including, but not limited to, firm employees and family members) depending on the specific
situation and the nature of work required.
Client accounts are valued at the end of the quarter and fees are billed quarterly in advance typically during the first month of the subsequent
calendar quarter. Client quarterly fees will be directly debited from their investment account(s). Clients engaging Lucid mid-quarter will have
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Item 7 – Types of Clients
Retirement Plans
Lucid provides an array of consulting services to employer-sponsored retirement plans including 401(k) and other defined contribution plans
sponsored by businesses and organizations. Lucid does not have any specific requirements or qualifications that need to be fulfilled when
working with these clients but reserves the right to refuse or discontinue any engagement.
Lucid also provides consulting and advisory services to other types of retirement plans including defined benefit pension plans and nonqualified
deferred compensation plans. Lucid does not provide actuarial or insurance brokerage services which may be required for these plans but can
advise on the selection of a provider or partner with existing provider(s) of these services.
Institutional Clients
Similar to its retirement plan consulting services, Lucid also provides investment consulting and advisory services for other fiduciary accounts
including corporate and non-profit organizations, trusts, foundations, endowments and long-term reserve accounts. We tailor our services to
each engagement.
Private Clients
On a limited basis, Lucid also provides investment supervisory services to individuals who desire to pay a quarterly fee for investment advice,
assistance with financial goal and objective setting and/or overall financial planning with a particular emphasis on retirement planning. These
‘Private Client Services’ were originally exclusively offered to firm employees, family and friends, and subsequently expanded gradually through
client referrals. Except in certain limited circumstances, Lucid is not currently accepting new clients for these services (although we reserve
the right to change this at any time without public notice). During periods when Lucid has regularly accepted new Private Clients, we have
generally required a minimum of $1 million in investable assets and imposed certain other qualifications to ensure a reasonable fit with our
advisory services.