Verde Servicos Internacionais Sa

ITEM 5 – FEES AND COMPENSATION

Verde’s Basic Management Fees

The specific manner in which fees are charged by Verde is established in a client’s written agreement
with Verde and, with respect to the private investment companies it manages, are disclosed in their
Private Placement Memoranda. Generally, and pursuant to contract, fees for the management of
private investment companies, such as the Funds, will be based upon a percentage of the total assets
in the account (including margined assets). Currently, Verde generally receives a management fee
between 0.50% and 2.50% per annum of the net asset value of the Funds, deducted on a monthly
basis in arrears.

Verde’s actual fees, minimum fees, and minimum account sizes may also be negotiated and may
vary from the fees described above. A client may pay more or less fees than similar clients depending
on the particular circumstances of the client, size of investment, additional or differing levels of
servicing or as otherwise agreed with specific clients. Clients that negotiate fees, including a flat
fee, may end up paying a higher fee than that set forth in Verde’s fee schedules as a result of
fluctuations in the client’s assets under management and account performance.

Calculation and Deduction of Advisory Fees

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Advisory fees are generally calculated and deducted on a monthly basis in arrears. When Verde
provides direct investment advisory services for accredited investors and qualified clients on a
discretionary basis, clients authorize Verde to directly debit management fees from client accounts.
Management fees shall be prorated for each capital contribution and withdrawal made during the
applicable month (with the exception of de minimis contributions and withdrawals). Accounts
initiated or terminated during a month will be charged a prorated fee.

Advisory contracts may generally be terminated by either party upon 30-60 days’ written notice for
private investment companies and 30-90 days’ written notice for other clients. As fees are generally
charged in arrears, no refund of advisory fees should be necessary. Verde may have negotiated
advisory contracts which differ from Verde’s termination fees.

Other Fees and Expenses

In addition to investment management fees and performance-based fees described in Item 6 below,
investors in the Funds will indirectly bear any other costs charged to the Funds. Such costs will vary
and typically include, though are not limited to, accounting, legal, fund administration fees and
other related costs. Furthermore, Verde’s fees will be exclusive of brokerage commissions,
transaction fees, and other related costs and expenses which shall be incurred by the client. The
impact of mark-ups and mark-downs shall also be incurred by the client. Clients may incur certain
charges imposed by custodians, brokers, and other third parties such as fees charged by sub-
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer
and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Such charges, fees and commissions are exclusive of and in addition to Verde’s fee,
and Verde shall not receive any portion of these commissions, fees, and costs.

Furthermore, Verde will engage institutions to act as custodians, broker-dealers and prime brokers
on behalf of its clients. Under these arrangements, clients are advised that they will be charged
securities brokerage fees, account maintenance fees and custodial fees by these institutions. Item
12 further describes the factors that Verde considers in selecting or recommending broker-dealers
for client transactions and determining the reasonableness of their compensation ( e.g.,
commissions).

Prepaid Fees

Verde will not charge clients fees in advance.

Compensation for the Sale of Securities

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Neither Verde nor Verde’s supervised persons will accept compensation for the sale of securities
or other investment products, including asset-based sales charges or service fees from the sale of
investment funds.

ITEM 7 – TYPES OF CLIENTS

Verde primarily provides portfolio management services to private investment companies, as well
as accredited investors and qualified clients on a discretionary basis.

    Avenida Brigadeiro Faria Lima, 3600 · 11º andar · Itaim Bibi · Sao Paulo · SP · 04538-132 · Brazil · +55 11 3701.8500 · verdeasset.com