Edesia Asset Management BV

Item 5: Fees and Compensation

Management Fees
The Firm charges each fund a management fee based on the Net Asset Value (“NAV”) of each
class within a fund, and this amount is deducted from the portfolio on a monthly basis. The
Firm charges the Management Fee each calendar month based on the NAV at that time.

The fee schedule varies between funds and asset classes within those funds. A summary of the
current fee schedule effective 1st January 2017 is set out below:

  Fund                                     Management Fee range

  Edesia Alpha Fund                        1.5%
  Edesia Alpha 2X Fund                     2%
  Edesia Dynamic Agriculture Fund          1%
  Edesia Select Fund                       0.75% - 1%

With respect to Other Clients, management and performance fees are individually negotiated
with Other Clients and described in the investment management agreement with those clients.

Other Fees
The Firm charges the following fees to the funds in addition to the Management Fees and
Performance Fees.

Administrator fees
Fees are charged on a sliding scale depending on the amount of assets managed. The
administrator will also be reimbursed any reasonable out-of-pocket expenses or costs
necessarily incurred in the performance of its duties.

Edesia Asset Management B.V.                                                 Form ADV Part 2A

Prime broker and custodian fees
Prime Broker and Custodian fees will not exceed normal commercial rates. They may also
levy transaction charges and other charges which can include Value Added Tax.

Research fees
The Edesia Alpha Fund, Edesia Alpha 2X Fund and Edesia Dynamic Agriculture Fund pay
research fees to third parties including Louis Dreyfus Group.

Other fees and expenses
The Funds have paid and shall pay for their organizational and initial and certain ongoing
offering expenses as well as for their operating expenses, including but not limited to, all
accounting, auditing, tax preparation, legal, administration, and trading costs. The Funds may
incur brokerage and other transaction costs. For further details on the Firm’s brokerage
practices refer to Item 12 of this Brochure.

Edesia will comply with the requirements of Rule 206(4)-2 of the Advisers Act with regards
to custody of assets of Clients (“Custody Rule”).

Item 7: Types of Clients

The Firm’s clients are primarily the Funds. Each Fund where the Firm acts as an investment
adviser specifies minimum subscription limits and the subscription and redemption terms
applicable as per their offering memorandum. A brief description of each fund together with
minimum subscription limits and redemption terms are as follows:

Edesia Alpha Fund
The Edesia Alpha Fund is set up as a private investment fund in a master/feeder structure
incorporated in the Cayman Islands and Delaware in 2008.

The minimum initial subscription is US$5 million and the minimum additional subscription
amount is US$1 million, subject to the discretion of the fund’s directors to accept lesser
amounts. On the first business day of each month, new investors may subscribe to the fund
and existing investors may make additional contributions.

Redemptions may be made after the initial lock-up period of one year having given 65 days
written notice. Redemptions within the initial lock-up period will be subject to a withdrawal
charge equal to 5% of the proceeds of such redemption.

Edesia Alpha 2X Fund
The Edesia Alpha 2X Fund is set up as a private investment fund in a master/feeder structure
incorporated in the Cayman Islands and Delaware in 2010.

The minimum initial subscription is US$5 million and the minimum additional subscription
amount is US$1 million, subject to the discretion of the fund’s directors to accept lesser
amounts. On the first business day of each month, new investors may subscribe to the fund
and existing investors may make additional contributions.

Redemptions may be made after the initial lock-up period of one year having given 65 days
written notice. Redemptions within the initial lock-up period will be subject to a withdrawal
charge equal to 5% of the proceeds of such redemption.

Edesia Dynamic Agriculture Fund
The Edesia Dynamic Agriculture Fund is set up as a private investment fund in a master/feeder
structure established in the Cayman Islands and Delaware in 2012.

The minimum investment is US$ 1 million for both initial and additional investments.

Edesia Asset Management B.V.                                              Form ADV Part 2A

Subject to the discretion of the fund’s directors, smaller subscriptions may be accepted but
may not be lower than $100,000 or other such amounts as specified by Cayman law.

On the first business day of each month, new investors may subscribe to the fund and existing
investors may make additional contributions.

An investor may request to redeem all or any of their investment with at least 30 days’ prior
notice as of the close of the last day of each calendar month.

Edesia Select Fund
The Edesia Select Fund was formed in June 2011 as an Exempted Limited Partnership in the
Cayman Islands. The minimum investment is US$ 10 million and US$ 1 million for initial and
additional subscriptions respectively.