MG Financial LLC

Item 5 Fees and Compensation
MG Financial charges fees based on client assets under advisement, fixed fees and on an hourly
basis depending upon the services provided and the specific client situation. The volume and
complexity of work is considered in determining a fixed fee.

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Advisory Fee - General Policy

MG Financial’s fee is generally payable quarterly in advance, based on the value of prior
quarter assets. In the event that a client terminates the Advisor's contract prior to the end of a
billing period and the client paid fees in advance, MG Financial would work with the client to
refund any overpayment and would calculate the overpayment on a pro rata basis based on the
number of days MG Financial actually managed the client’s portfolio of assets.

Fees are generally non-negotiable, however, due to special circumstances, some legacy clients
have a fixed fee schedule or vary from the asset-based fee schedule described below. Asset
based fees are applied to assets as stated on reports delivered to clients quarterly and are
calculated on the prior quarter end valuation. This fee may exclude certain assets. Any assets to
be excluded will be clearly indicated on the client’s invoice and agreed to in advance by both
parties. If a client is invested in certain MGF Partners Series Investments, the MGF Partners
capital account will be excluded from the MG Financial asset base for billing (see item 10). Note,
however, that there are fees charged for MGF Partners at the partnership level as stated within the
limited partnership documents.

Asset based fees are dependent upon a client’s asset size and may be subject to a minimum fee.
We have updated our general fee schedule as detailed below, which is applicable to all new clients
after August 1, 2025:

             AUM                             Range                  Annual Fee (%)

   First $2,000,000                         $0 – 2M                 0.90%
   Next $3,000,000                          $2 – 5M                 0.85%
   Next $5,000,000                          $5 – 10M                0.75%

   Assets above                              $10M+                  0.50%

Fees for Clients who joined MG Financial prior to August 1, 2025, currently remain at their current
rates.

Other Fees and Pertinent Information

Additionally, we may charge a fixed fee or an hourly rate, as discussed with you in advance, for
projects not covered by our asset-based fee. These hourly rates range from $85 to $850 an hour.

In addition to MG Financial’s advisory fees, once an investment program has been implemented, the
client may also be required to pay fees directly to custodians, investment managers, brokers and
mutual funds, or limited partnerships (paid internally by the fund or partnership). MG Financial
receives no benefit from these additional fees paid by the client, i.e. there are no placement
commissions or sharing of fees with outside investment funds/advisors. Likewise, a client may also
be required to pay fees directly to legal counsel or accountants for document drafting or preparation
of tax returns. Again, MG Financial receives no benefit from these fees.
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MG Financial may deduct fees directly from client custodial accounts, upon client’s written
direction, or may bill client directly.

All assets on MG Financial reports to clients are based on valuations as received from the custodian
or investment manager. MG Financial reconciles these statements and if an error from the custodian
or manager is discovered, then MG Financial will use the most accurate valuation for the asset based
on available public information. MGF II, LLC (MGF II), the GP for MGF Partners, receives an
administrative fee as stated in each series agreement based on a percentage (%) of the capital
commitment to the particular series.

Neither MG Financial nor any of its supervised persons accept any compensation for the sale of
securities. Clients with respect to which MG Financial provides non-discretionary advisory services
have the right to select the applicable broker.

Item 7 Types of Clients
MG Financial will provide services for families, individuals, trusts or charitable organizations with a
minimum liquid net worth of $10,000,000 or the future likelihood of this minimum. MG Financial
services are suitable for long term relationships requiring comprehensive services applied to all of
the client’s assets. For potential clients with a net worth of less than $10,000,000, exceptions may be
made in certain circumstances. MG Financial is engaged as an advisor to MGF Partners and MGF II.

IRA Rollover Recommendations

MG Financial provides investment advice to clients regarding their retirement plan account or
individual retirement account. By doing so, MG Financial acts as a fiduciary within the meaning of
Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as
applicable, which are laws governing retirement accounts. The fees charged by MG Financial to
manage a client's retirement assets create some conflicts with a client's interests, therefore MG
Financial operates under a special rule that requires Advisors to act in a client's best interest and not
put the Advisor's interest ahead of the client's.

Under this special rule's provisions, Advisors must:

   •   Meet a professional standard of care when making investment recommendations (give
       prudent advice);
   •   Never put our financial interests ahead of a client's when making recommendations (give
       loyal advice);
   •   Avoid misleading statements about conflicts of interest, fees, and investments;
   •   Follow policies and procedures designed to ensure that Advisor's give advice that is in
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       client's best interest;
   •   Charge no more than is reasonable for MG Financial's services; and
   •   Give client's basic information about conflicts of interest.

MG Financial benefits financially from the rollover of client's assets from a retirement account to an
account that the Advisor manages or provides investment advice, because the assets increase MG
Financial's assets under management and, in turn, the advisory fees. As a fiduciary, MG Financial
only recommends a rollover when it is believed to be in a client's best interest.