Exhibit 99(d)(xviii)(iv)
FOURTH AMENDMENT TO THE
TIDAL TRUST II
INVESTMENT ADVISORY AGREEMENT
with
TIDAL INVESTMENTS LLC
This Fourth Amendment to the Investment Advisory Agreement (the “Amendment”) is made as December 15, 2025, by and between TIDAL TRUST II (the “Trust”) and TIDAL INVESTMENTS LLC (the “Adviser”).
BACKGROUND:
| A. | The Trust and the Adviser have entered into an Investment Advisory Agreement dated as of January 16, 2024, as amended to date (the “Agreement”) pursuant to which the Adviser is engaged by the Trust to serve as the investment adviser to each Fund identified on the then-current Schedule A to the Agreement. |
| B. | The Trust and the Adviser desire to amend and restate Schedule A to the Agreement to add new Funds. In particular, the parties desire to amend and restate Schedule A to add the following new Funds: |
IncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF
IncomeSTKd 1x US Stocks & 1x Gold Premium ETF
IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF
IncomeSTKd 1x Treasury & 1x Gold Premium ETF
IncomeSTKd 1x Bitcoin & 1x Treasury Premium ETF
IncomeSTKd 1x US Stocks & 1x Treasury Premium ETF
IncomeQ Bitcoin & Bitcoin Treasury mNAV Harvester ETF
IncomeQ Crypto & Crypto Treasury mNAV Harvester ETF
| C. | Section 21 of the Agreement allows for the amendment of the Agreement by a written instrument executed by both parties. |
| D. | This Background section and the Schedule attached to this Amendment are incorporated by reference into, and made a part of, this Amendment. |
TERMS:
NOW, THEREFORE, intending to be legally bound, the parties agree as follows:
| 1. | The current Schedule A to the Agreement is hereby amended and restated in its entirety as set forth on the Amended and Restated Schedule A attached hereto. |
| 2. | Miscellaneous. |
| a. | Capitalized terms not defined in this Amendment shall have the respective meanings set forth in the Agreement. |
| b. | Except as specifically amended by this Amendment, and except as necessary to conform to the intention of the parties herein above set forth, the Agreement shall remain unaltered and in full force and effect and is hereby ratified and confirmed. |
| c. | The Agreement, as amended hereby, together with its Schedule, constitutes the complete understanding and agreement of the parties with respect to the subject matter hereof and supersedes all prior communications with respect thereto. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The facsimile signature of any party to this Amendment shall constitute the valid and binding execution hereof by such party. |
IN WITNESS WHEREOF, the parties have caused this Amendment to be signed by duly authorized representatives as of the date first set forth above.
| TIDAL TRUST II, | TIDAL INVESTMENTS LLC | |||
on behalf of its series listed on Amended and Restated Schedule A |
||||
| By: | /s/Eric Falkeis | By: | /s/Jay Pestrichelli | |
| Name: | Eric W. Falkeis | Name: | Jay Pestrichelli | |
| Title: | Principal Executive Officer | Title: | Chief Investment Officer | |
Amended AND RESTATED
Schedule A
to the
TIDAL TRUST II
INVESTMENT ADVISORY AGREEMENT
with
TIDAL INVESTMENTS LLC
| Fund Name | Advisory Fee |
| Quantify Absolute Income ETF | 1.05% |
| STKd Bitcoin & Gold ETF | 0.99% |
| STKd 100% COIN & 100% NVDA ETF | 1.29% |
| STKd 100% NVDA & 100% MSTR ETF | 1.29% |
| STKd 100% MSTR & 100% COIN ETF | 1.29% |
| STKd 100% COIN & 100% HOOD ETF | 1.29% |
| STKd 100% NVDA & 100% AMD ETF | 1.29% |
| STKd 100% TSLA & 100% MSTR ETF | 1.29% |
| STKd 100% TSLA & 100% NVDA ETF | 1.29% |
| STKd 100% SMCI & 100% NVDA ETF | 1.29% |
| STKd 100% UBER & 100% TSLA ETF | 1.29% |
| STKd 100% META & 100% AMZN ETF | 1.29% |
| Quantify 2X Daily All Cap Crypto ETF | 1.29% |
| Quantify 2X Daily Alt Season Crypto ETF | 1.39% |
| Quantify 2X Daily AltAlt Season Crypto ETF | 1.39% |
| IncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF | 1.29% |
| IncomeSTKd 1x US Stocks & 1x Gold Premium ETF | 1.14% |
| IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF | 1.29% |
| IncomeSTKd 1x Treasury & 1x Gold Premium ETF | 1.14% |
| IncomeSTKd 1x Bitcoin & 1x Treasury Premium ETF | 1.29% |
| IncomeSTKd 1x US Stocks & 1x Treasury Premium ETF | 1.14% |
| IncomeQ Bitcoin & Bitcoin Treasury mNAV Harvester ETF | 1.34% |
| IncomeQ Crypto & Crypto Treasury mNAV Harvester ETF | 1.34% |
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