Protocol Wealth LLC

Item 5 – Fees and Compensation
The advisory fees described above include access to Protocol Wealth's technology
platforms and AI-enhanced services. Clients are not charged separately for access to
PW Dashboard, PW Nexus, or other proprietary technology tools developed by the firm.
The costs of developing and maintaining these technology platforms, including AI tools
and data integration services, are borne by the firm as part of its general operating
expenses and are factored into our standard advisory fee schedule.

A. Advisory Fees – Protocol Wealth offers several fee arrangements for its services,
designed to align with each client’s needs and the scope of services provided. All fees
are outlined in each client’s advisory agreement, and we strive to be transparent and
fair in our pricing. Below is a summary of our fee structure:

Asset-Based Fees (Percentage of Assets Under Management): For portfolio
management services, we typically charge an annual fee based on a percentage of the
assets we manage for the client. This asset-based fee is prorated and charged monthly
in arrears (after each month’s services have been provided), based on the average daily
balance or month-end balance of the portfolio (as specified in the client agreement). Our
asset-based fee ranges from 0.50% to 2.00% per year of the assets under
management, depending on the size of the account and the complexity of the services.
In some cases – such as sub-advisory for institutions or very large relationships – the
percentage fee may be lower. For example, a client with $10,000,000 under our
management might pay 0.50% annually, while a client with a smaller portfolio might pay
up to 2.00% annually. We may negotiate the fee within this range based on factors such
as the complexity of the client’s situation, the inclusion of digital asset advisory, or
additional services. Because the fee is asset-based, our firm’s compensation will
increase if the portfolio value increases (either through market gains or additional
contributions), and conversely decrease if the portfolio value falls. This aligns our
interests with our clients’ interest in growing their portfolios, but it also incentivizes us to
encourage asset consolidation with Protocol Wealth – a potential conflict we mitigate by
always acting in the client’s best interest (see Item 11).

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For onchain digital asset management we charge 2.00% annually, with a $600 per
month minimum fee per client. This minimum is meant to help us cover costs for
benefits our clients receive such as an institutional-grade onchain wallet and key
backup service.

Fixed Fees / Flat Fee Arrangements: For clients who prefer a set cost or for those
engaging us for financial planning or consulting services, we offer flat fee arrangements.
These may take the form of a monthly retainer or a one-time project fee:

    ●​   Monthly Retainer (Subscription) Fees: Clients receiving ongoing financial
         planning or wealth advisory services (which may include investment advice,
         regular planning meetings, and access to our advisors for questions) may opt for
         a fixed monthly fee. This fee typically ranges from $1,000 to $3,000 per month for
         comprehensive planning engagements, depending on the complexity of the
         client’s needs. In certain cases involving extensive services (for example, a client
         with significant digital asset holdings requiring intensive analysis, or a family
         office engagement), the monthly retainer could be higher.

    ●​   Project-Based Fees: For limited-scope projects or consultations (such as a
         one-time financial plan, a review of a client’s self-custody security setup, or a
         bespoke research project), we may charge a fixed project fee. The fee is agreed
         upon in advance based on the expected hours and expertise involved. Project
         fees can vary widely – a basic financial plan might be a few thousand dollars,
         whereas a highly specialized consulting project (for example, assisting a
         blockchain project team with treasury strategy or a token market-making
         analysis) could be a substantial flat fee. In rare cases, project fees may reach up
         to around $100,000 for very large and complex engagements (e.g., advising a
         company on launching a token or designing a crypto-based retirement plan), but
         such instances are negotiated individually and are not typical for most clients.

Clients have the option to choose the fee structure that best suits their situation. For
instance, some clients with primarily traditional investment portfolios may prefer an
asset-based fee, while clients with unique circumstances or those who mainly need
financial planning might prefer a fixed retainer for predictability. In some cases, we may
employ a hybrid arrangement (e.g., a lower asset-based percentage combined with a
fixed planning fee) to ensure the fee accurately reflects the work involved.

B. Payment of Fees – Portfolio management fees (asset-based) are generally deducted
directly from the client’s investment account held at the custodian, with the client’s
authorization. Each month, the custodian will deduct the calculated advisory fee and
remit it to Protocol Wealth. Clients will see the fee transactions on their account

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statements, and we concurrently send the client an invoice or statement showing how
the fee was calculated (asset value × annual rate ÷ 12, for example). Alternatively,
clients may choose to be billed and pay by other means. We support payment via
electronic invoice or secure online payment platforms. In particular, we have made
available a payment service through our bank - Mercury - for ACH payments, and
through Stripe for credit card payments. If a client prefers, we can bill through Mercury
...

Item 7 – Types of Clients
Protocol Wealth provides advisory services to a variety of clients. Our clients include:

    ●​   Individuals – We work with individual investors from various backgrounds. This
         includes young professionals, retirees, and everyone in between. A significant
         number of our individual clients are high-net-worth individuals who have
         accumulated substantial assets. Notably, many of our individual clients have a
         portion of their wealth in digital assets or emerging technology ventures.

    ●​   Cryptocurrency and Tech Entrepreneurs – We specialize in serving crypto
         founders and early investors. These are clients who may have founded
         blockchain or tech companies, received tokens as part of founding teams, or
         invested early in cryptocurrencies. We help these clients manage their often
         highly concentrated and volatile wealth, providing strategies for liquidity (e.g.,
         selling portions of holdings in a tax-efficient manner), diversification into
         traditional assets, and long-term financial planning.

    ●​   Decentralized Autonomous Organizations (DAOs) and Foundations – We advise
         some DAO treasury committees and related nonprofit or foundation entities that
         hold digital assets. These organizational clients seek guidance on managing and
         safeguarding their treasuries, generating yield on holdings, and converting

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         between crypto and fiat for operational needs. In these cases, our “client” is the
         entity (often represented by its board or community-elected signatories).

    ●​   Businesses and Corporate Clients – We provide services to small businesses,
         startups, or corporate entities, especially those dealing with cryptocurrency on
         their balance sheets. For instance, a company that holds Bitcoin or other tokens
         as a reserve asset might engage us to advise on custody solutions and risk
         management. We also consult for companies designing employee crypto benefit
         plans or looking to integrate digital assets into their operations.

    ●​   Investment Funds and RIAs (as a Sub-Adviser) – We serve other registered
         investment advisers (RIAs), financial advisory firms, or pooled investment
         vehicles (funds) in a sub-advisory capacity. For example, a traditional RIA might
         hire us to manage the crypto portion of their clients’ portfolios, or a private fund
         might retain us as a specialist portfolio manager for a sleeve of digital asset
         investments. In these cases, the primary client relationship is with the other
         adviser or fund, but our services ultimately benefit the end investors of those
         entities.

    ●​   Trusts and Estates – We manage assets for trusts, including family trusts that
         may hold a mix of traditional and digital assets for beneficiaries. We also advise
         trustees and estate executors dealing with digital assets in estates, which can
         require special expertise (for instance, handling private keys of a deceased’s
         cryptocurrency).

    ●​   Charitable Organizations – On a selective basis, we advise charitable
         organizations or donor-advised funds, especially those that have received
         donations in cryptocurrency. We assist with developing an investment strategy or
         liquidation strategy for donated digital assets while aligning with the
         organization’s spending policy and mission.

Despite the diverse client types listed above, our primary focus is on clients who can
benefit from our expertise in digital asset wealth management. We do not require that a
client have cryptocurrency holdings to work with us – we also manage traditional
portfolios – but we are especially well-suited to those who do.

Account Minimums: Protocol Wealth does not impose a strict minimum account size or
minimum fee for investment advisory services. We welcome clients of varying asset
levels. However, our services (particularly the digital asset strategies) tend to be most
beneficial for clients with a certain scale of assets or income. In practice, many of our
clients have investable assets in the millions of dollars or more, but we do have clients
with smaller portfolios who engage us for our specialized knowledge. We reserve the

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right to decline engagements that we feel are not economically feasible under our fee
structure or where we believe the client would be better served by a different type of
service. For example, if a prospective client has a very small amount of investable
assets, a traditional percentage-based fee might not be cost-effective for them, and we
would discuss alternative arrangements or refer them to other resources. In all cases,
we strive to ensure that the relationship is mutually beneficial and that our services
provide value commensurate with our fees.

Clients are reminded that all clients, whether individuals or entities, receive our fiduciary
duty and personalized advice. We tailor our approach to the nature of the client – e.g.,
working with a DAO involves communicating with a committee rather than an individual
– but our commitment to acting in the client’s best interest remains the same.