MON Capital Management LLC

Item 5. Fees and Compensation
        SP Capital Management charges clients for its investment management services on a variable
basis based on the market value of the assets under management for each account. Fees can range
from 0.10% to 1.00% of assets under management are generally negotiable depending on the specific
nature of services rendered, portfolio size, investment objectives, strategy employed, the complexity
of a client’s investment management needs and whether our involvement is actively managing assets
or simply passive reporting of holdings. The specific manner in which fees are charged by the Firm is
established in a client’s written investment agreement.

       Clients can grant SP Capital Management authority to receive its advisory fees from client’s
account(s) held by the independent custodian within thirty (30) days following the end of the period
for which said fees will be incurred. Accounts initiated or terminated during the calendar month will
be charged a pro‐rated fee.

         Clients may encounter various charges imposed by custodians, brokers, third-party investment
firms, and other entities, such as fees levied by managers, custodial fees, deferred sales charges, odd-
lot differentials, transfer taxes, wire transfer and electronic fund fees, as well as other fees and taxes
on brokerage accounts and securities transactions. Additionally, mutual funds and exchange-traded
funds entail internal management fees, which are disclosed in a fund’s prospectus. It is the Firm’s policy
not to accept “kickbacks” or retrocession fees from any third unaffiliated party providing services to
the Firm’s clients.

        Clients have the flexibility to purchase investment products recommended by SP Capital
Management through brokers or agents who are not affiliated with the firm. While we may provide
guidance and recommendations on suitable investment options, clients are not obligated to execute
transactions through our firm’s channels. This approach allows clients to explore various avenues for
executing their investment decisions, ensuring that they have the freedom to select the most suitable
option that aligns with their preferences and needs. Additionally, by offering this option, we aim to
provide clients with a broader spectrum of choices and opportunities to achieve their investment
objectives.