Ospraie Management is an investment management firm focused on directional investing in basic industry and agricultural equities and commodities globally. Ospraie Holding I, L.P. (“Ospraie Holding I”) is the managing member of Ospraie Management. Ospraie Management, Inc. is the general partner of Ospraie Holding I. Dwight Anderson is the sole shareholder of Ospraie Management, Inc. Ospraie Management serves as the investment manager with discretionary trading authority to private pooled investment vehicles (each a “Fund” and collectively, the “Funds”) that are offered to investors on a private placement basis. As of the date of this Brochure, Ospraie Management serves as the investment manager to (i) Ospraie Commodity Fund LP, a Delaware limited partnership (the “Domestic Fund”), (ii) Ospraie Commodity Fund Ltd., a Cayman Islands exempted corporation (the “Offshore Fund”), (iii) Ospraie Commodity Master Fund LP, a Cayman Islands exempted limited partnership (the “Master Fund” and together with the Domestic Fund and the Offshore Fund, the “Ospraie Commodity Fund”), (iv) Ospraie Ag Science LLC, a Delaware limited liability company (“OAS”), and (v) Ospraie Real Assets Fund LP, a Delaware limited partnership (“ORA”). The Ospraie Commodity Fund vehicles are not reported in Part 1A of Ospraie Management’s Form ADV because they do not meet the definition of a “Private Fund.” OAS’s investment objective is to capitalize on the opportunity in the agricultural sector by investing in companies which provide technological and scientific developments that offer modern solutions to traditional problems of agriculture. OAS’ goal is to effectively invest in companies that enable the farmer to “Do More with Less” and meet the demands of the modern consumer. OAS focuses the majority of its investments in early stage operations, but may also invest in more mature high growth companies if it believes significant opportunity remains. ORA’s investment strategy seeks long-term capital appreciation through senior first-lien debt and/or equity and equity-related securities (including convertible debt) in the agriculture, metals, mining, energy, processing, basic materials, logistics and energy transition sectors or other real assets or basic materials industries, including businesses related thereto, such as those that serve as suppliers, service providers or providers of related technologies. The primary investment objective of the Ospraie Commodity Fund is the appreciation of capital through active, leveraged trading and investment on a global basis primarily in a portfolio of commodities and related derivative instruments. The Ospraie Commodity Fund’s commodity trading includes futures, forward, option and swap contracts and physical commodities in energy, industrial metals, precious metals, grains, softs/meats, freight and related markets, among other commodity sectors. The Manager may organize additional private investment funds in the future which utilize similar or different investment strategies than the Funds. Each general partner of a Fund that is structured as a limited partnership is an affiliate of Ospraie Management (the “General Partners”). Ospraie Management also serves as the investment manager with discretionary authority trading authority for several managed accounts (the “Managed Accounts”) including performing advisory services to manage a client’s existing positions held within the Managed Account. In addition, Ospraie Management serves as the investment manager to Managed Accounts which are generally managed pari passu (subject to the limitations discussed in Item 6) with the Ospraie Commodity Fund, or with similar, more concentrated portfolios than are permitted in accordance with the risk parameters of the Ospraie Commodity Fund. The account holders of the Managed Accounts may impose

restrictions on investing in certain securities or types of securities or other instruments. Provisions relating to fees, liquidity, expenses and termination rights with respect to the Managed Accounts are negotiated on a case-by-case basis and certain clients may have more favorable terms than others. Each advisory agreement and related account documentation specifies the particular investment program and any related investment restrictions. It is expected that, in general, each Managed Account will be customized to reflect a particular client’s investor profile. The Manager may organize additional Managed Accounts in the future which may utilize similar or different investment strategies than the current clients. As used herein, the term “client” generally refers to each Fund and each account holder of a Managed Account. The advice Ospraie provides to its clients is tailored according to the investment objectives, guidelines and requirements set forth (i) with respect to each Fund, in its respective Offering Memorandum, Private Placement Memorandum or other Offering Circular, Limited Partnership Agreement or other relevant governing documents (collectively, “Governing Documents”) and (ii) with respect to each Managed Account, in the investment management agreement between Ospraie and its account holder (each, an “IMA”). Any Fund restrictions on investments are set forth in each respective Fund’s Offering Documents. Ospraie Management does not tailor its investment advice to the individual investors in each Fund that it manages. As such, investors cannot impose restrictions on the types of investments made through the Funds. Subject to applicable law and each Fund’s Offering Documents, the Funds have entered into side letter arrangements with certain investors and may continue to do so in the future. Certain side letters have the effect of altering or supplementing the terms of such investors’ investments in a Fund, including reductions of fees. In the future, side letters could provide certain investors additional access to portfolio information or rights to make withdrawals. To the extent such side letter arrangements exist, certain investors in a Fund will receive more favorable fees, access to information, liquidity, or other terms. Ospraie does not participate in any wrap fee programs. As of December 31, 2023 Ospraie Management managed approximately $2,176,331,771 across the Funds and Managed Accounts, including (i) Funds and Managed Accounts with approximately $1,400,650,774 of regulatory assets under management which trade securities and therefore are included in the calculation of “regulatory assets under management” under Part 1A of Ospraie Management’s Form ADV; and (ii) Funds and Managed Accounts with approximately $775 million of assets under management which do not trade securities. The assets under management referenced in clause (ii) above are derived on a net basis, except that approximately $646 million of such assets under management reflect notional values attributable to notionally funded Managed Accounts. “Notionally Funded Managed Accounts” refer to certain Managed Accounts which consist primarily of investments in commodity futures, options and related derivative instruments. A notional account value is agreed upon by the holder of such a Managed Account and Ospraie Management, and that notional value along with any adjustments for investment profits and losses: (i) is used by Ospraie Management to make investment decisions, determine the sizing of positions, and apply risk parameters; and (ii) serves as the basis upon which applicable fees and compensation are calculated and expenses are allocated with respect to such Managed Account. Amounts funded by the Managed Account holder may vary from the notional amount depending on the requirements of the Managed Account’s brokers.