LyonRoss Capital Management LLC

Item 5: Fees and Compensation
LyonRoss receives from its Clients either a monthly fixed consulting fee or a quarterly consulting
fee paid in advance or in arrears, depending on the Client’s agreement, ranging from 0.0875% to
0.25% of the fair market value or net asset value, as applicable, of the investments made by the Client
that have been recommended by the Adviser or investments made by the Adviser on behalf of the
client in the case of discretionary accounts (the “Investments”); the Adviser is also entitled to receive
a performance fee, subject to certain conditions being met, in connection with the advisory services
it provides to certain Client accounts. Performance fees, if any, are subject to the specified
performance hurdles and schedules in their respective investment management agreements.

The Adviser will refund to a Client a pro rata portion of any management fee paid in advance if the
Adviser ceases to render services other than as of the last day of the applicable fee period, based
upon the number of days remaining in that period.

Other Expenses

The fund managers or portfolio managers of the investments recommended by LyonRoss are
expected to charge fees and expenses to their investors. The Clients may therefore indirectly bear
fees charged by the underlying investments (including management, performance, administrative,
brokerage, custodial, overhead, operational, spreads and markups; interest expense; custodial fees;
other expenses related to securities transactions; administrative fees and legal, accounting and
auditing expenses or other fees or a performance allocation).

For discretionary accounts, in addition to LyonRoss’s investment management fees, clients bear
trading costs, custodial fees and other expenses that may be charged by other third parties. Clients
should review all fees charged by LyonRoss, custodians and brokers and others to fully understand
the total amount of fees to be paid. Additional information regarding LyonRoss’ brokerage practices
is disclosed in Item 12: “Brokerage Practices”.

Form ADV Part 2A: Firm Brochure - LyonRoss Capital Management LLC              March 30, 2026

Item 7: Types of Clients
LyonRoss provides non-discretionary and discretionary advisory services to Clients which include
funds, high net worth individuals and entities.

 Form ADV Part 2A: Firm Brochure - LyonRoss Capital Management LLC               March 30, 2026