Tiverton Advisors LLC

ITEM 5. FEES AND COMPENSATION

All existing and prospective investors in a Fund should carefully review the Governing Documents
applicable to such Fund in conjunction with this Brochure for complete information regarding the
fees and compensation payable with respect to such Fund directly or indirectly.

Tiverton’s fees and compensation arrangements may vary among the Clients. The specific terms of
such arrangements are established by Tiverton and are set forth in each Client’s Governing
Documents.

The Firm generally charges the Funds an annual management fee, payable quarterly in advance, of up
to 1.5% of (a) aggregate funded and unfunded investor commitments or (b) invested capital, as
further disclosed in each Fund’s Governing Documents. The Firm may, at its discretion, waive or
reduce such fees for certain investors in the Funds.

The General Partner is also eligible to receive a performance-based allocation (“Carried Interest”)
with respect to realized investments in the Funds.

To the extent specified in Fund Governing Documents, Tiverton may receive and, in certain
circumstances has received, certain supplemental fees for bona fide services such as farm
management services, other agriculture-related services, and management-related services provided
by part-time or full-time management or operating personnel, in each case, to one or more portfolio
companies ( “Agriculture-Related Service Fees”) paid by a Fund, as further disclosed in each
Fund’s Governing Documents. In particular, many of the Agriculture-Related Service Fees are
expected to be paid to a wholly owned subsidiary of Tiverton, Red Hill Farm Management, LLC,
which provides a variety of agricultural, operational, and financial services for the benefit of such
portfolio companies, including but not limited to farm management and operations, crop insurance
and various other crop regulatory program administration, marketing strategy optimization, capital
expenditure planning, data analytics, financial and accounting services, treasury management, and
human resource support.

Co-Investment Entities may be charged management fees, performance-based compensation, and
Agriculture-Related Service Fees, or similar supplemental fees, to the extent specified in the Fund
Governing Documents. The Fund Governing Documents are negotiated with investors in each
Co-Investment Entity at such Co-Investment Entity’s inception.

In addition, from time to time, Tiverton or its affiliates may receive advisory, transaction,
monitoring, consulting, break-up and other similar fees, and the payment or reimbursement for the
salary of any employees seconded to portfolio investments, (other than any such fees received
directly by a Client) in connection with any investment made or proposed to be made by a Client, in
each case net of unreimbursed expenses (“Special Fees”). For the avoidance of doubt, any (i)
Agriculture-Related Service Fees, and (ii) management fees or similar fees received by Tiverton or
its affiliates from Co-Investment Entities shall not constitute Special Fees. For any given calendar
quarter, the aggregate amount of Special Fees actually received by Tiverton or any of its affiliates or
any of its or their investment professionals during such quarter shall reduce the management fee
payable by a Client to Tiverton.

In addition to the fees described above, each Fund is generally responsible for certain operating
expenses as disclosed in the applicable Governing Documents. These expenses may include, without
limitation: (i) administrative expenses, such as legal, auditing, consulting, tax, accounting, third-party
fund administration, custody, transfer, registration, and insurance costs; (ii) out-of-pocket costs
incurred in sourcing, evaluating, holding, developing, negotiating, structuring, financing, acquiring,
and disposing of investments (including investments not ultimately consummated), such as financing,
legal, accounting, recruiting, travel, advisory, brokerage, finders, and consulting fees; (iii) litigation,
indemnification, and other extraordinary expenses; (iv) expenses related to meetings of the General
Partner, limited partners, and members; (v) expenses of any limited partner advisory committee; and
(vi) other costs customarily borne by funds of this type. Additional detail regarding Fund-level fees
and expenses is set forth in the applicable Governing Documents.

Moreover, each Fund may be charged all costs and expenses pertaining to organizing and raising
capital from prospective investors, as disclosed in each Fund’s Governing Documents
(“Organizational Expenses”). Organizational Expenses in excess of a set amount may offset any
management fees in accordance with each Fund’s Governing Documents.

The Funds are expected to generally pay management and other related fees in advance, as further
disclosed in the related Governing Documents. In the unlikely event that Tiverton does not provide
services for a full period, or if accounts are terminated according to the terms set out in the
applicable Governing Documents before the end of the relevant period, a pro-rated fee will be
returned to the Client.

Neither Tiverton nor any of the Firm’s “supervised persons” (as defined in Rule 204A-1 of the
Investment Advisers Act of 1940, as amended (“Advisers Act”)) will accept compensation for the sale
of securities or other investment products.

ITEM 7. TYPES OF CLIENTS

As further described in Item 4 of this Brochure, the Firm currently provides investment advice to
the Clients. The Clients are investment vehicles that are exempt from registration under the
Investment Company Act of 1940, as amended (the “Investment Company Act”). The investors in
the Clients who pay performance fees will be limited to individuals and entities that meet the
criteria of “accredited investors” (as defined in Regulation D promulgated under the Securities Act of
1933) and “qualified clients” (as defined in Rule 205-3 of the Advisers Act) or “knowledgeable
employees” (as identified in the Investment Company Act.)

Prospective investors should refer to the Governing Documents of each respective Client for
information on minimum investment requirements. Typically, Tiverton may require a minimum
investment of $1 million to $10 million for the Funds, although Tiverton maintains discretion to
individually waive, increase or reduce the minimum investment required.