Ma Asset Management LLC

Item 5       Fees and Compensation
A. ADVISORY FEES AND BILLING
   MA Asset Management receives a management fee (“Management Fee”) from the SCIF,
   the Specialty Finance Fund, the Offshore Specialty Finance Fund, and the Equipment
   Fund.

   The Management Fee paid by the SCIF is paid monthly in arrears and is calculated at the
   annual rate of 0.95% of the average daily value of the Net Assets. The Management Fee
   paid by the Specialty Finance Fund is paid monthly in arrears and is equal to 1/12th of
   0.5% (0.5% per annum) of the closing capital account balance of each Limited Partner for
   each month. The Management Fee paid by the Offshore Specialty Finance Fund is paid
   monthly in arrears and is equal to 1/12th of 0.5% (0.5% per annum) of the net asset value
   of each share as of the end of each month. The Management Fee paid by the Equipment
   Fund is paid quarterly in arrears and is equal to 0.25% (1.0% per annum) of the capital
   contributions of each Limited Partner as of the end of each quarter.
   The Firm also receives performance-based compensation, as described under Item 6.
   MA Asset Management also receives performance-based compensation through an
   affiliate, MA Partners US, as described more fully under Item 6.
B. OTHER FEES AND EXPENSES
   The Funds generally pay for their own operating expenses, including, but not limited to,
   legal and accounting fees, auditing and tax fees, printing and mailing expenses and
   government filing fees (including blue sky filing fees), as further described in each Fund’s
   Memorandum. MA Asset Management and its affiliates pay for their own administrative
   and overhead expenses incurred in connection with providing services to the Funds.
C. REFUND POLICY
   No part of the Management Fee will be refunded in the event that a Limited Partner
   withdraws or Shareholder redeems, whether voluntarily or involuntarily, all or any of
   the value in the Limited Partner’s capital account or Shareholder’s shares during any
   month.
D. OTHER COMPENSATION
   MA Asset Management does not accept any other compensation other than the fees as
   described in Item 5 and Item 6.

Item 6        Performance Compensation & Side-by-Side Management
A. PERFORMANCE-BASED COMPENSATION
   Performance-based compensation is compensation based on a share of the capital gains
   or capital appreciation of the assets of a client. Performance-based compensation
   arrangements cause an investment adviser to participate directly in the profits
   accumulated in a client’s account. Performance-based compensation may create an
   incentive for an investment adviser to make investments on behalf of a client that are
   riskier or more speculative than would be the case in the absence of such compensation
   arrangements.
   MA Asset Management receives an incentive fee from the SCIF, calculated and payable
   quarterly in arrears based upon the Fund’s “pre-incentive fee net investment income” for
   the immediately preceding quarter, subject to a hurdle rate, expressed as a rate of return

   on the Fund’s Net Assets equal to 1.50% per quarter (or an annualized hurdle rate of
   6.00%), subject to a “catch-up” feature.

   MA Asset Management receives a performance allocation from the Offshore Specialty
   Finance Fund equal to fifteen percent (15%) of the increase in net asset value per share
   of each series of shares of the Offshore Specialty Finance Fund over its share price as of
   April 1, 2024.
   MA Partners US receives a performance allocation from the Specialty Finance Fund equal
   to fifteen percent (15%) of the amounts distributed to each Limited Partner in excess of
   each Limited Partner’s capital account balance as of April 1, 2024.
   With respect to the Equipment Fund, MA Partners US will receive a carried interest in
   respect of each Limited Partner equal to twenty percent (20%) of any distributions to
   such Limited Partner from the applicable Fund after such Limited Partner has received a
   return of all of their capital contributions in respect of the applicable Fund.
B. SIDE-BY-SIDE MANAGEMENT
   “Side-by-Side Management” refers to a situation in which the same investment adviser
   manages accounts that are billed based only on a percentage of assets under management
   and at the same time manages other accounts that are subject to performance-based
   compensation arrangements. Because, MA Asset Management only manages the Funds,
   it does not conduct side-by-side management of dissimilar advisory accounts.

Item 7       Types of Clients
   MA Asset Management provides portfolio management services to the Funds only.
   In relation to the SCIF’s Class S Shares, the minimum initial investment is $1,000,000 for
   all accounts. With respect to SCIF’s Class F Shares, the minimum initial investment is
   $2,500 for regular accounts and $1,000 for retirement plan accounts. The minimum
   initial capital contribution for interests in the Offshore Specialty Finance Fund is
   $500,000. The minimum initial capital contribution for interests in the Specialty Finance
   Fund and Equipment Fund is $250,000. MA Asset Management reserves the right to
   reduce the minimum initial capital contribution and to accept subscriptions for lesser
   amounts in each Fund.