Folium Capital LP

Item 5 – Fees and Compensation

Folium is compensated through asset-based and commitment-based Management Fees and
performance-based Carried Interest.

Management Fees

An annual management fee will be payable on a quarterly basis by a Partnership to Folium (the
“Management Fee”). Management fees are paid directly by the Funds under the terms of their
limited partnership agreements, investment advisory agreements or other similar agreements.
Please refer to the Fund Documents for a detailed fee schedule.

Co-Investment Entities may be charged management fees, performance-based compensation or

administrative fees. Whether or not any fees or other compensation are paid by a Co-Investment
Entity, and the amount and payment terms, depends on the circumstances of the investment made
by the Co-Investment Entity and is negotiated with investors in the Co-Investment Entity at the Co-
Investment Entity’s inception. The Funds may acquire interests in certain portfolio companies in
cooperation with others through co-investment arrangements

Expenses

In addition to Management Fees and Carried Interest, if any, each Fund will bear all costs and
operating expenses of the Fund, subject to certain investment management fee offsets, as detailed
in the relevant Fund Documents, including, without limitation, i) forming and operating
subsidiaries,; (ii) the investigation investigating, evaluating, developing, negotiating and structuring
of investment opportunities and disposition of investments, whether or not consummated, whether
incurred before or after the formation of the Funds, and whether or not the Fund seeks co-investors
for the opportunity or opportunities, including Sponsor Affiliates (as defined in the relevant Fund
Documents) and others that may plan to compensate Sponsor Affiliates if they co-invest with the
Fund and may plan to contribute to such out-of-pocket costs and expenses if they co-invest but not
otherwise,; (iii) the acquisition, ownership, rehabilitation, development, management, financing,
hedging of interest rates on financings, or sale of investments,; (iv) fees paid to in-country
(including performance-based or incentive compensation) paid to property managers to manage and
administer the day-to-day operations of the Timber or Agriculture Investments, or to any other
service provider with respect to any asset of the Fund or any subsidiary;
(v) meetings with or reporting to investors in the limited partners in Fund entities, (vi)including,
but not limited to, all financial reporting; (vi) tax advisors, accounting, auditing, research,
consulting, tax return preparation, financial reporting, and legal services and other professionals;
(vii) meetings of or reporting to the Advisory Committee, and other reimbursable expenses, risk
management services and insurance, including without limitation to protect Fund entities, the
General Partner, Sponsor Affiliates, any Advisory Committee, and investors in Fund entities in
connection with the performance of activities related to Fund entities; (ix) the Fund’s
indemnification of the any indemnified parties pursuant to any advisory agreement; (x) litigation;
(xi) all expenses related to borrowings of Fund entities, including, but not limited to, the arranging
thereof; (xii) liquidating Fund entities, (xiii) any taxes, fees or other governmental charges levied
against Fund entities and all expenses incurred in connection with any tax audit, investigation,
settlement or review of Fund entities, (xiv) travel costs associated with investigating and evaluating
investment opportunities (whether or not consummated) or making, monitoring, managing or
disposing of investments, (which includes travel expenses for business class travel and the use of
private propeller aircraft to visit timber or agriculture investments in remote locations, and is
generally subject to a travel expense cap as detailed in the Fund Documents); and (xv) the costs of
any third parties and any Sponsor Affiliates retained to provide services to Fund entities. Subject
to any expense cap in the Fund Documents, each Fund will bear all of the expenses incurred in the
formation of, and the offer and sale of Interests in, the Fund and its General Partner.

Folium will be responsible for all of its normal overhead expenses, such as compensation of its
professional staff and the cost of office space, office equipment, communications, and utilities,
incurred in connection with its services on behalf of the Partnership, unless such overhead or
compensation expenses (“employee chargebacks”) are payable by the applicable Partnership under
the Fund Documents.

Neither Folium nor the General Partner, or any of their supervised persons, accepts compensation
for the sale of securities or other investment products. Please refer to Item 12 of this Brochure for
a description of Folium’s brokerage practices.

Folium and its personnel can be expected to receive certain intangible and/or other benefits and/or

perquisites arising or resulting from their activities on behalf of the Folium Funds that will neither
be subject to an offset against any management fees payable to the Folium Funds nor will otherwise
be shared with the Folium Funds and/or portfolio companies. For example, airline travel or hotel
stays incurred as Folium Fund or account expenses typically result in cash rebates, “miles,” “points”
or credit in loyalty/status programs, and such benefits and/or amounts will, whether or not de
minimis or difficult to value, inure exclusively to Folium and/or such personnel (and not the Folium
Funds and/or portfolio companies) even though the cost of the underlying service is borne by the
Folium Funds and/or portfolio companies.

Investors and prospective Investors should refer to the applicable Fund Documents for a
complete description of fees, carried interest distributions and expenses borne by the Fund.
The information contained herein is a summary only.

Item 7 – Types of Clients

Folium provides investment advisory services to the Funds, which are generally organized as
limited partnerships. Each Fund is generally a pooled investment vehicle operating as a private

investment fund. The Funds offer interests only to certain qualified investors who meet qualification
requirements under applicable securities laws and other laws. Admission to the Funds is not open to
the general public. Each Fund typically requires a minimum capital commitment by an Investor.
However, this requirement may be waived or reduced by the General Partner in its sole discretion.

As described in Item 4, Folium or its affiliates may, in their discretion, form one of more co-
investment entities (“Co-investment Entities”) to invest alongside the Funds in one or more assets.
Folium or its affiliates may offer one or more Investors or third parties the opportunity to co-invest
with the Funds through any such Co-investment Entity.

As used herein, the term “client” generally refers to each Fund.