April 11, 2016

Alan Boyce is Co-Founder and an active member of the board of directors of Adecoagro (NYSE:AGRO), a food and renewable energy-producing company that farms in Argentina, Brazil and Uruguay. Adecoagro owns 285,000 hectares of highly productive farmland, leases another 175,000 hectares and has 8,000 employees.  Alan is also Executive Chairman and Co-Founder of Materra, LLC, a California and Arizona based agricultural production company.  Materra was formed in 2010 and is currently the owner and operator of 25,000 acres of farmland where it grows pistachios, dates, citrus and organic vegetables.  Boyce is CEO of the Absalon Project, a joint venture between Soros and the Danish financial system dedicated to the beneficial aspects of the Danish mortgage system.  Boyce served as Director of Special Situations at Soros Fund Management from 1999 to 2007 and has continued as a consultant since then. At Soros, he managed a portfolio of assets of the Quantum Funds with a focus on mortgage backed securities and reinsurance.  Boyce served as Managing Director at Bankers Trust from 1986 to 1999.  He was in charge of Fixed Income Arbitrage, the bank’s mortgage portfolio and compliance with the Community Reinvestment Act. Prior to that, he worked for the Federal Reserve Board in Washington, DC.