MB Family Advisors, LLC (“MB Advisors”) is an investment management company which provides investment advisory services to private investment funds and discretionary and non-discretionary separately managed accounts. Founded in 2008, MB Advisors currently has approximately $166 million in assets under management, consisting of $50.5 million of discretionary assets under management and $115.1 million of non-discretionary assets under management, in each case, as of January 1, 2024. Mark Berman is the founder and sole owner of MB Advisors. MB Advisors currently provides investment advisory services to qualified individuals and entities through: (i) MB Dislocation Opportunity Fund, LP (“MB Dislocation Fund” or the “Fund”), a fund of funds which invests primarily in collective investment vehicles (including fund of funds, registered and unregistered investment funds and exchange traded funds) and managed accounts that are managed by a number of independent portfolio managers, in each case, specializing in, among other potential strategies, credit, equities (including international and emerging market equities), arbitrage (merger, convertible, volatility, crypto currency and/or other arbitrage strategies), options, warrants and other derivatives, quantitative trading strategies (including managed futures), distressed debt, currencies, convertible securities, structured finance (including asset backed securities and/or mortgage debt and other forms of structured finance like collateralized loan obligations (CLO’s), collateralized debt obligations (CDO’s), residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) etc.), life settlements and other longevity strategies, global macro investing, multi-strategy investing, SPAC’s, Bitcoin, Etherium and other crypto currencies, master limited partnerships, gold, silver and other precious metals (including shares of mining companies), other commodities, long/short equity, event driven, activist, private credit, direct lending, municipal finance, fixed income (including without limitation international and/or emerging market fixed income) and/or other strategies that MB Advisors believes are appropriate for the current investment environment (it being understood that the MB Dislocation Fund will not generally be invested in all the aforementioned strategies), and (ii) separately managed accounts which are tailored to the investment objectives of individual clients. As of the date of this Brochure, each of the separately managed accounts is pursuing an investment strategy reasonably similar to (although in some cases meaningfully broader or narrower than) the investment strategy of MB Dislocation Fund although in the future different strategies may be pursued in separately managed accounts. FEES, COMPENSATION AND RESEARCH EXPENSES MB Advisors generally charges management fees of up to 1.25% per annum on client assets (although in the future may negotiate different or higher management fee arrangements with clients which would be memorialized in each client’s investment management agreement with MB Advisors). Management fees are charged quarterly and are generally paid in advance. For discretionary accounts, Management fees are generally withdrawn from each client’s account. For non- discretionary accounts, Management fees are generally invoiced and paid by the client. Clients are generally not eligible for partial refunds in the case of early withdrawals, but specific details are set forth in each respective client’s limited partnership agreement, investment management agreement and/or confidential private placement memoranda. “Client” as used herein shall refer to MB Dislocation Fund, a separately managed account client and/or an investor in such funds or accounts, as appropriate. All clients will incur third-party brokerage commissions and other transaction costs directly (or, in the case of the MB Dislocation Fund and separately managed accounts pursuing a similar strategy, indirectly), as explained in further detail in the Brokerage Practices section below. Clients

invested in collective investment vehicles (many of which are commonly referred to as hedge funds or private equity funds) incur both management fees, performance fees and fund expenses as disclosed in the underlying fund’s private placement memorandum, charged by the managers of such collective investment vehicles (in most cases management fees typically range from 1%-2% and performance fees typically range from 10% to 30%; but on occasion management and performance fees can be substantially higher or lower than these typical arrangements). Additional third-party costs borne by clients may include: tax preparation fees; administrator fees; legal fees; auditing fees; consulting and other professional fees and expenses; research, due diligence and investment related costs and expenses; and liability insurance for MB Advisors and its members, officers and employees (including errors and omissions and directors and officers liability insurance), as well as cyber insurance. MB Dislocation Fund may incur expenses that benefit MB Advisors and the general partner of such Fund. In all cases, details concerning applicable fees and expenses are set forth in each respective client’s limited partnership agreement, investment management agreement and/or confidential private placement memoranda. The general partner to the MB Dislocation Fund generally charges a performance fee of 5% of net profits. Separately managed account performance fees, if any, are negotiated on a case by case basis. Performance-based fees are drawn from clients’ accounts either in the form of an incentive fee or a performance allocation (sometimes referred to as a “carried interest”), and are generally paid or allocated either to MB Advisors or an affiliate. Performance-based fees may be subject to (i) a loss carryforward (sometimes referred to as a “high water mark”) whereby losses in any given period are recorded and carried forward and such fees are collected only when subsequent profits exceed such losses and (ii) a preferred return (sometimes referred to as a “hurdle rate”) whereby the performance-based fees are collected only after a client has achieved a certain rate of return on its investment. The MB Dislocation Fund’s performance fee is not subject to a hurdle rate. When (i) MB Dislocation and (ii) separately managed account clients and/or Mark Berman or his family each invest in the same underlying investment within 3 months of each other, to the extent there are research or similar expenses in connection with such investment, such expenses will be shared pro rata between MB Dislocation and MB Advisors based on the amount that MBDOF invests and the amount in aggregate that all SMA clients and all related persons (e.g. Mark Berman and family) invest, respectively, in the applicable underlying investment, for the 3-month period beginning on the date of initial investment by MB Dislocation or an SMA client, whomever invests first. In the event that SMA clients or related persons invest subsequent to such 3-month period, its possible MB Advisors will benefit from MB Dislocation disproportionately bearing the burden of such expense. SIDE-BY-SIDE MANAGEMENT AND ALLOCATION POLICY Because MB Advisors has multiple clients, at times it may need to allocate investment opportunities of limited availability across its clients’ accounts. In such situations, some accounts may offer higher management and performance-based fee potential than others. MB Advisors has an incentive to favor accounts for which it receives higher performance-based fees since it may receive a greater profit if the investment generates a positive return. To seek equitable treatment of all clients irrespective of such fee considerations, MB Advisors has adopted an allocation policy that sets out the criteria for determining allocations, the most important of which are each client’s investment objective and strategy, risk exposure, risk tolerance, liquidity preferences, existing portfolio composition and available liquidity. These determinations often require subjective assessments by MB Advisors.