THE FOLLOWING STATEMENT MUST BE READ AND AGREED UPON BEFORE PROCEEDING TO MG MANAGED FOREX FUND (MGFUND) DETAILS

CFTC RISK DISCLOSURE STATEMENT

THE COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THIS FUND NOR HAS THE COMMISSION PASSED ON THE ADEQUACY OR ACCURACY OF THIS DISCLOSURE DOCUMENT.

THE RISK OF LOSS IN TRADING FOREIGN EXCHANGE COULD BE SUBSTANTIAL. YOU SHOULD CAREFULLY CONSIDER WHETHER YOUR FINANCIAL CONDITION PERMITS YOU TO PARTICIPATE IN THE FUND. IN SO DOING, YOU SHOULD BE AWARE THAT FOREIGN EXCHANGE TRADING CAN QUICKLY LEAD TO LARGE LOSSES AS WELL AS GAINS. SUCH TRADING LOSSES CAN SHARPLY REDUCE THE NET ASSET VALUE OF THE FUND AND CONSEQUENTLY THE VALUE OF YOUR INVESTMENT IN THE FUND. IN ADDITION, RESTRICTIONS ON REDEMPTIONS MAY AFFECT YOUR ABILITY TO WITHDRAW YOUR INVESTMENT IN THE FUND. FURTHER, MANAGED FOREIGN EXCHANGE ACCOUNTS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETIONS OR EXHAUSTION OF THEIR ASSETS.

THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER FACTORS NECESSARY TO EVALUATE YOUR PARTICIPATION IN THE FUND. THEREFORE, BEFORE YOU DECIDE TO PARTICIPATE IN THIS FUND. YOU SHOULD CAREFULLY STUDY OUR RISK DISCLOSURE STATEMENT, INCLUDING A DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT.

ALSO, BEFORE YOU DECIDE TO PARTICIPATE IN THIS FUND, YOU SHOULD NOTE THAT YOUR POTENTIAL LIABILITY AS A PARTICIPANT IN THIS FUND FOR TRADING LOSSES AND OTHER EXPENSES OF THE FUND IS NOT LIMITED TO THE AMOUNT OF YOUR INVESTMENT IN THE FUND AND ANY PROFITS EARNED THEREON. A COMPLETE DESCRIPTION OF THE LIABILITY OF A PARTICIPANT IN THIS FUND IS EXPLAINED MORE FULLY IN THE DISCLOSURE DOCUMENT.

I have read, understood and accept the CFTC RISK DISCLOSURE.