IFC Core Investment Management LLC

Item 5 – Fees and Compensation Advisory Contracts and Fees

5.A. Adviser Compensation

The Adviser’s fees and other compensation for providing advisory services, including the
“Management Fee” and the “Outperformance Payment” payable to the Adviser or its affiliates,
are detailed in the Partnership’s limited partnership agreement.

5.B. Direct Billing of Advisory Fees

The Management Fees and Outperformance Payments separately calculated for each Limited
Partner are charged to the Limited Partner by reducing the Units owned by the Limited Partner
by a number of Units equal to the amount of the Management Fee or Outperformance
Payments, as applicable, chargeable to the Limited Partner divided by the Fund’s net asset
value per Unit determined as of the date such Management Fee or Outperformance Payment,
as applicable, is due and payable. Alternatively, the General Partner may elect that any or all
of the Management Fee or Outperformance Payment be charged to the Limited Partner by
withholding the amount from any distribution otherwise payable by the Fund to the Limited
Partner.

5.C. Other Non-Advisory Fees

The Fund pays or reimburses the General Partner, the Adviser, their affiliates, or any partner,
member, stockholder, director, manager, officer, employee or agent of any of the foregoing for,
the operating and administrative expenses of the Fund including, without limitation: (i) financial,
audit, and tax accounting services, (ii) appraisal services, (iii) banking fees and expenses, (iv)
legal services, (v) the compensation and expense reimbursement payable to any third party
administrator if such administrator is hired, (vi) the Management Fees and Outperformance
Payments, (vii) ad valorem taxes, income taxes, and any other taxes (except to the extent
attributable to a partner of the Partnership unless such payment is otherwise required by law),
(viii) premiums to insure farmland and other assets against loss or damage and to insure the
Fund, the General Partner, the Adviser, the advisory committee and their respective affiliates
against liabilities arising from Fund operations and affairs, (ix) the costs of creating,
maintaining, managing and disposing of any Partnership subsidiaries, including, but not limited
to any and all costs and fees associated with the offering, issuance, administration and

redemption of securities in the REIT(s), including fees of third-party consultants and
administrators with respect to the REIT(s) and fees, dividends, interest or other amounts
payable to the REIT shareholders, (x) Fund debt service and other costs incurred in connection
with indebtedness, including loan fees and interest rate hedging fees and expenses, (xi)
advisory committee member expense reimbursement (including premium travel) and costs of
operating the advisory committee, (xii) expenses incurred in investigating and negotiating the
Fund’s acquisition (or potential acquisition, including without limitation as in kind contributions
in whole or in part) or disposition (or potential disposition) of farmland investments whether or
not such transactions are consummated, other than the costs of personnel of the General
Partner, the Adviser and any Adviser affiliate that are to be borne by them as described below;
provided that in the case of any such expenses that were incurred prior to the Fund’s first
investor closing on January 22, 2019, such expenses will be limited to the Fund’s acquisitions
of farmland investments that are later consummated, (xiii) compensation and expense
reimbursement paid to sales agents and brokers, engineers and consultants, (xiv) the
compensation (including employee benefits), expense reimbursement (including premium
travel), and related overhead (including office and administrative expenses) of the Adviser’s or
any of its affiliates’ personnel providing services in the implementation of actions related to the
improvement, sustainable maintenance, leasing or other management of the Fund’s farmland
investments that have been planned, provided that the total amount paid or reimbursed by the
Fund each calendar year with respect to any such services provided by personnel of the
General Partner, the Adviser, and any Adviser affiliate entities providing services to the Fund,
shall not exceed one-fifth of one percent (0.2%) of the daily average sum of the gross fair
market values of all of the Fund’s farmland investments during the year, (xv) amounts paid to
acquire, improve, sustainably maintain, lease, manage or dispose of the Fund’s farmland
investments, (xvi) amounts paid to indemnify persons, (xvii) amounts paid to settle or pay any
claims asserted against the Partnership or any of its subsidiaries, and (xviii) expenses incurred
in making any filings with respect to the Partnership and/or its subsidiaries with regulatory
authorities or other governmental authorities.

The General Partner, the Adviser, and their affiliates are responsible for the compensation
(including employee benefits), expense reimbursement (including premium travel), and related
overhead (including office and administrative expenses) of their own personnel, including such
costs of their personnel and related overhead when engaged in (A) the Fund’s acquisition or
potential acquisition of farmland investments, (B) the Fund’s disposition or potential disposition
of the Fund’s farmland investments, and (C) the planning of the improvement, sustainable
maintenance, leasing, or other management of the Fund’s farmland investments, provided that
the costs of personnel and related overhead that are attributable to their participation in the
implementation, but not the planning, of such improvement, sustainable maintenance, leasing,
or other management shall be reimbursed by the Fund as provided above subject to the
limitation provided above.

The Fund also bears or reimburses the General Partner, the Adviser, or their affiliates for, all
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Item 7 – Types of Clients

The Adviser provides investment advice only to the Fund. There are no requirements for the
Fund to open an account with the Adviser.

Each investor is required to meet certain suitability qualifications, such as being an “accredited
investor” within the meaning set forth under the federal securities laws and either a “qualified
purchaser” within the meaning set forth under the Investment Company Act of 1940, as
amended (the “Investment Company Act”) or another person permitted to own investments in a
fund meetingthe requirements of Section 3(c)(7) of the Investment Company Act.