CONTRARIAN CONTRARIAN

COMMODITIES
COMMODITIES
A Deep Value Commodity Fund A Deep Value Commodity Fund

INVESTMENT OVERVIEW
Contrarian Commodities, LP (“Contrarian”) is an opportunistic deep value commodities fund. Its manager, Contrarian Investors
LLC, was founded by industry veteran Randon Samelson and currently headed by his son, Lincoln Samelson. This program uses a
long-term counter-trend approach to buying a basket of commodities below their marginal cost of production, commodities
experiencing extreme panic or capitulation and seeks to exploit situations with lopsided market positioning and sentiment
extremes. Our approach is based on the immutable law of supply and demand, built on the premise that commodities—unlike
financial assets— have intrinsic values and, therefore, are not likely to become valueless.

CONTRARIAN COMMODITIES LP Net Returns To Feb 28th, 2022*

*Net of 0.5% management fees and a quarterly incentive fee equal to 25% of profits. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

DIVERSIFIED COMMODITY PROGRAM (CLOSED) Net Returns To January 3, 2021*

*Independently compiled by Compliance Supervisors International, Inc. This proprietary account is PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
adjusted to reflect an annual management fee of 0.5% and a quarterly incentive fee equal to 25% of profits.

SERVICE PROVIDERS OFFERING TERMS

Administration LICCAR Minimum Investment $250,000
FCM R.J. O’Brien High Water Mark Yes
Legal Counsel Greenburg Traurig, LLC Management Fee 0.5%
Auditor Michael Coglianese, CPA Incentive Fee 25%
Bank U.S Bank Lock-up 6 months
Liquidity Quarterly
Contrarian Investors, LLC (CI) is a Commodity Trading Advisor and Commodity Pool Operator registered under United States laws with the U.S. Commodity Futures Trading
Commission (CFTC) pursuant to an exemption that limits clients and investors to those who are Qualified Eligible Persons, and is also a member of the U.S. National Futures
Association (NFA). There is substantial risk of loss in futures, options, and equities trading. Therefore, such investment is only suitable for sophisticated investors. Returns
presented are net of fees. Actual returns may differ from the returns presented. THIS SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO BUY ANY INTERESTS IN ANY FUND MANAGED BY CONTRARIAN. SUCH AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY INTERESTS
MAY ONLY BE MADE PURSUANT TO DEFINITIVE SUBSCRIPTION DOCUMENTS BETWEEN A FUND AND AN INVESTOR.