Meridiana MFO LLC

Item 5 – Fees and Compensation

FEE SCHEDULE. For the non-discretionary portfolio management services, generally, the Firm charges an
annualized advisory fee, with a maximum rate of 1.50%. Fees are negotiated with each client individually.

Fees are based on the assets under the management of Meridiana for the account. Where the client is
invested in private equity funds, generally, the fee for that portion of the account allocation will be based
on the committed capital and not on the called capital. Fees will be charged quarterly and in arrears. The
quarterly fee is based upon the market value of all assets held within the client’s account on the last
business day of the calendar quarter. For the first calendar quarter, fees will be adjusted pro rata based
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on the number of calendar days for which the advisory agreement was effective. Any contributions and/or
withdrawals made during a calendar quarter may result in an adjustment to the advisory fee.

For the non-discretionary management services or investment consulting services, the Firm may charge
a fixed fee or may require a minimum amount to be paid on a quarterly basis. The amount of the fixed fee
or the minimum account fee will depend on the nature and the complexity of the services to be provided.
If paying a fixed fee, the quarterly fee will be charged in arrears. The first quarterly fee will be due on the
first day of the first calendar quarter following the execution of the advisory agreement. The first quarterly
fee will be prorated based on the number of calendar days for which the advisory agreement was
effective.
If the quarterly fee is based on assets under management and is subject to a minimum fee, we will notify
the client quarterly of any deficit to be paid.
Lower advisory fees may be negotiated on an individual account basis. As a result, clients with similar
assets may have differing fee schedules and pay different fees.
The advisory services commence on the date on which the advisory agreement is signed by us, and the
advisory account is funded.

FEE SCHEDULE MODIFICATIONS. We may adjust the fee schedule upon thirty (30) days’ prior written
notice to the client. The client may be charged a pro rata fee in the event the client’s service is terminated
on a day other than the last business day of the calendar quarter. In that event, the pro rata fee will be
due and payable upon termination of the service.

FEE FOR BUSINESS CONSULTING SERVICES. We provide business consulting services for a fixed fee that is
negotiated with the client. The fee is based on the complexity of the transaction or financial matter and
the scope of work.

FEE FOR STATEMENT CONSOLIDATION SERVICES. We charge a fee based on the value of assets in the
accounts. The fee may be charged monthly or quarterly. The fee rate and frequency will be negotiated
with the client and will depend upon the number of accounts to be included in the consolidation services,
the aggregate value of the accounts, and the reporting frequency. In certain cases, and at the sole
discretion of Meridiana, consolidation fee could be waived.

LOWER FEE DISCLOSURE. Lower fees for comparable management or other services may be available
from other sources.

Calculation and Deduction of Advisory Fees

With respect to accounts that Adviser manages, clients are generally required to authorize Adviser to
directly debit management fees from client accounts quarterly. Fees for investment advisory services and
other non-discretionary programs are billed to clients, although frequently clients pre- authorize their
custodians to automatically deduct the fees from the client’s account and to make payment to Adviser.
Management fees are deducted or billed, as applicable, quarterly in arrears.

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A client may pay more or less fees than similar clients depending on the particular circumstances of the
client, size, additional or differing levels of servicing or as otherwise agreed with specific clients. Clients
that negotiate fees, including a flat fee, may end up paying a higher fee than that set forth above as a
result of fluctuations in the client’s assets under management and account performance.

Clients may terminate their contracts without penalty within 5 business days of signing the advisory
contract. Advisory fees are withdrawn directly from the client’s accounts with client written authorization.

Additional Fee Information

Clients may authorize the Adviser to directly debit management fees from client accounts on a quarterly
basis. In such instances, management fees are prorated for each contribution and withdrawal made during
the applicable calendar quarter.
Accounts initiated or terminated during a calendar quarter will be charged a prorated fee.
Alternatively, in some instances, clients may receive an invoice for fees, in which it may choose to pay
Meridiana directly for its billed fees for the relevant period.

Adviser’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred directly by the client. Clients may incur certain charges imposed by
custodians, brokers, and other third parties such as fees charged by fund managers, custodial fees,
deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic funds fees, and
other fees and taxes on brokerage account and securities transactions. Mutual funds and exchange traded
funds also charge internal management fees, which are disclosed in a fund’s prospectus. It is the Adviser’s
policy not to accept “kick-backs” or retrocession fees from any third non-affiliated party providing services
to the Adviser’s clients.

Item 7 – Types of Clients

Meridiana provides asset and/or portfolio management services to individual & high net worth individuals,
corporations, institutions and other entities.

The minimum dollar value for establishing an Account is generally $15,000,000. Initial investments of a
lesser amount may be accepted at Adviser’s discretion.