IN NUTS FUND, a Luxembourg based Investment Fund, the pioneer in innovative and global agriculture strategies, focuses on performing a long-term uncorrelated return through investments in nut production, and processing and distribution companies, mainly locally owned and managed.

1. INNUTS
FUND
INNUTS
FUND

2. TThe most qualified clientele is now looking for
alternative investments to those represented by the
most traditional securities management.
Our solution offers an alternative asset of great
value, which includes multiple investments in nut
plantations, production, processing facilities and
distribution channel companies, with a risk-per-
formance ratio inherent in traditional funds and
characterized by high operational transparency.
Alternative funds allow you to acquire real, tangible
assets. They are able to offer maximum flexibility
in investment policy and at the same time offer the
investor an opportunity to benefit from the favorable
fiscal system of Luxembourg.
The Grand Duchy is, after the United States, the most
important player in the fund industry with state of
the art legislation and a particular ability to adapt
quickly to the latest changes affecting the financial
instrument industry.
INNUTS
FUND
THE INNOVATIVE NUTS FUND
BY INVICTAS SA

3. INNUTS
FUND
INNUTS
FUND
■■ Financial markets are subject to uncontrollable
fluctuations due to economic and political changes.
■■ Equity markets are risky and can suffer from market
volatility even when companies are profitable.
■■ Interest rates are low and bonds and monetary
products are offering poor remuneration.
■■ All of them are virtual instruments; value can be
zeroed in difficult situations.
SOPHISTICATED INVESTORS
■■ Have already invested in all types of financial
instruments available.
■■ Are looking for diversification, decorrelation and
above all for investments that they can appreciate
in person.
■■ Are interested in tangible, limited goods, like
land, that can be considered safe and non-
reproducable, because they are tangible and react
differently than financial products.
PERFORMANCE OF INVESTMENTS
BY ASSET CLASS
Q4 2005 TO Q4 2015
FINANCIAL PRODUCTS
PANORAMA
TANGIBLE PRECIOUS GOODS
COMPARED TO NUTS
DOW JONES
62,6%
50,5%
-2,2%
0%
100%
200%
300%
400%
500%
12 MONTH PERFORMANCE 5 YEARS PERFORMANCE 10 YEARS PERFORMANCE
Sources: Knight Franks, “The Wealth Report” - 11th edition - 2017
WATCHES
67%
35%
5%
CLASSIC
CARS
490%
162%
17%
COLOURED
DIAMONDS
136%
38%
0%
JEWELLERY
155%
65%
4%
166%
27%
3%
STAMPS COINS
232%
13%
92%
WINE
241%
32%
5%
NUTS
266%
51%
6,6%
ART
226%
28%
4%

4. INNUTS
FUND
INNUTS
FUND
WHY NOW?
■■ The global market for nuts and dry fruits has pro-
gressively grown in the recent 20 years, and so has
the emergence of new green investment strategies and
opportunities in creating individual agribusiness port-
folio solutions.
WHY YOU?
■■ Agribusiness solutions are increasingly becoming
part of investors’ wealth, searching for alternative as-
sets that offer low risk through land-ownership but po-
tential high returns uncorrelated with other traditional
investments.
WHY US?
■■ INVICTAS IN NUTS FUND, a Luxembourg based
Investment Fund, pioneer in innovative and global
agriculture strategies, focuses on performing a long-
term uncorrelated return through investments in nut
production, processing and distribution companies,
mainly locally owned and managed.
■■ The legal structure of the IN NUTS FUND has been
set up as a Common Limited Partnership (société en
commandite simple), qualifying as alternative invest-
ment fund (AIF) as defined under article 1(39) of the
2013 Act on alternative investment fund managers
(AIFM Act). The management of the Fund is assured
by the General Partner (INVICTAS S.A.), registered
with the Commission de Surveillance du Secteur
Financier (CSSF) as an Alternative Investment Fund
Manager.
■■ IN NUTS FUND was created by INVICTAS an
AIFM company.
■■ IN NUTS FUND is inherent to the experience and
the knowledge of IN NUTS S.A., the advisor entity
of the Fund.
FIRST INVESTMENT EXAMPLE
NUT PROCESSING AND DISTRIBUTION
BUSINESS IN THE USA
INVESTMENT SIZE: USD 4 MILLION
WHAT MAKES
IN NUTS FUND DIFFERENT
FOUR INVESTMENT EXAMPLES
OF THE FUND
Members of the IN NUTS FUND Advisor Team have visited and met with the owners of
the fourth largest Pecan nut producer and processing and distribution company in the
USA. The visits took place in September 2016 as well as March and May 2017. This
family business is based in Vienna County, Georgia, USA, and is operated in the third
generation by the initiator and owner family.
The potential partners are very open to setting up a new joint business which would
benefit from the family’s know-how in processing and confectioning of the nuts as well as
their e-commerce platform. At the same time the Advisor Team will be able to enhance the
e-commerce skills and broaden the market exposure increasing the product range which
is currently reduced to pecan nuts only and multiplying the current store set up.
The USD 4 million investment foreseen is planned to be allocated in the set-up of a staff
structure, set up of a small processing plant, and one year financing of six “nut-destination”
concept shops, mainly in high frequency pedestrian main street or outlet environments.
4
M
ILLION
$

5. INNUTS
FUND
INNUTS
FUND
FOUR INVESTMENT EXAMPLES
OF THE FUND
FOUR INVESTMENT EXAMPLES
OF THE FUND
SECOND INVESTMENT EXAMPLE
PECAN PLANTATION IN ARGENTINA
INVESTMENT SIZE: USD 8 TO 16 MILLION
Plantation size equivalent to 1200 to 2450 hectares
Members of the Advisor Team are involved in family businesses with a track-record of
over 120 years of nut production in Argentina. In 2013 “Pecan Argentina Partners
Holding S.A.” was set up in order to invite investors to participate in the build up of new
pecan orchards, planned to become the largest pecan plantation world wide (4350
hectares). Currently nearly 400 hectares are under cultivation which already ranks as the
second largest producer in South America.
The total investment forseen is of USD 28 million. IN NUTS FUND plans to invest USD 8
million into this traditional family business. The direct link between some of the planned
fund investments and members of the Advisor Team is considered a competitive
advantage and a know-how and network asset. The investment sum will account for
approximately 1200 hectares of the whole plantation venture.
Shareholders partly own not only the trees, but also become part-owners of the land,
a secure and tangible asset. 60.000 trees are already growing on the fields or in the
greenhouses of the company’s nursery. Buying into this existing and fully running opera-
tion will result in an immediate value increase of the shares.
THIRD INVESTMENT EXAMPLE
CASHEW BROKERAGE AND PROCESSING PLANT
IN WEST AFRICA
INVESTMENT SIZE: USD 5 MILLION
The Advisor Team has met twice with a West Africa based US holding company in March
and May 2017 to discuss possible engagement of the IN NUTS FUND in the company’s
brokerage and processing activities for cashew nuts in West Africa.
More than 8,000 farmers participate in this cooperative structure delivering their yearly
production to the broker. The focus lies on warehousing, processing and shipping of the
cashew nuts to wholesalers in Europe and the USA. The US group also owns one of the
most competitive nut shipping companies.
There is a clear interest from the potential US owned African partner in analysing
cooperation in expanding both the brokerage as well as the processing businesses.
The aim is to combine the know-how in brokerage, warehousing and processing of
cashews, collected by our partner, with the Advisor Team’s experience in key cashew
growing regions.
Fund investments in Ivory Coast, India and Vietnam will result in exponential growth and
profitability of the involved ventures.
16
M
ILLION
$
8
M
ILLION
$
5
M
ILLION
$

6. INNUTS
FUND
INNUTS
FUND
THE TEAM IS MADE OFFOUR INVESTMENT EXAMPLES
OF THE FUND
FOURTH INVESTMENT EXAMPLE
NUT PROCESSING AND DISTRIBUTION
BUSINESS IN MAINLAND CHINA
INVESTMENT SIZE: USD 4 MILLION
Members of the Advisor Team have visited Mainland China and met with the owners of
the ninth largest nut import, processing and distribution company in China. The meetings
took place in August 2016.
This privately owned business is based in Zheijang, China and is operated on the first
generation by the initiator and owner families. The company imports nuts to China,
processes them and distributes within China but also re-exports globally.
The potential partners are very open to setting up a subsidiary which would gain from
the know-how in processing and confectioning of the nuts. At the same time the Advisor
Team will be able to enhance the market exposure, increasing the product range and
introducing a “nut-destination-store”.
The USD 4 million investment foreseen is planned to be allocated in the set-up of a staff
structure, set-up of a processing plant, and one year financing of ten model “nut-destination”
shops, mainly in high frequency main street or outlet environments.
4
M
ILLION
$
■■ Board of Directors of
INVICTAS
■■ Board of IN NUTS S.A.
Fund Advisor Team
■■ Board
of Independent
External Experts
■■ Legal Advisors
Miguel A. Muñoz
Alain Balanzategui
Violaine S. Remacle
CEO: Dominicus Rohde, Luxembourg/Argentina
CFO: Helge Heyd, Germany
COO: Andrés Bellomo, Argentina
CIO: Codrin Crisan, Romania
CDO: Karsten Roloff, Luxembourg/India
Agriculture: Maria Villar, USA
E-Commerce: Maximo Núñez Leguizamón, Spain
Sustainability: Henrique Martini Romano, Brazil
Dr. Vincent Derudder
Prof. Augustin Perez Bourbon
Prof. Dr. Nicolai Worm
José Eduardo Camargo
Prof. Mihai Grigoras
Prof. Dr. Dirk Löhr
Wagner Cavon
Cabinet Dechert
1 Allée Scheffer, 2520 Luxembourg

7. INNUTS
FUND
INNUTS
FUND
BOARD OF INDEPENDENT EXTERNAL EXPERTSBOARD OF DIRECTORS OF INVICTAS
Miguel Angel Muñoz Perez
CEO Managing Director and founder of MM International Holding Mr. Muñoz joined
BIL International Bank of Luxembourg in 1976 as a financial advisor. In the 1990s, he
contributed to the development of the first Russian/Eastern European offices in Luxembourg.
In 1997, Mr. Muñoz founded Fiduciaire Premier Luxembourg specializing in tax planning
and accounting services.
Vice President of the Schengen Peace Foundation. Economist, Miguel Muñoz is also a
member of the FIA (Financial Investment Advisor Spain).
Languages: Russian | Spanish | English | French | German | Italian | Luxembourgish.
Alain Balanzategui
Fiduciary Services Mr. Balanzategui holds an engineering degree and a Master’s degree
in Management (ESSEC Business School). He began his career in 1996 with the European
banking group DEXIA BIL. After implementing the private McKinsey banking strategy,
he joined the Private Banking Line and headed the VIP office of the International Private
Banking department. In 2003, he joined Fiduciaire Premier Luxembourg, specializing
in financial engineering. Mr. Balanzategui is a member of AIF (Financial Investment
Advisors, Spain) and was a director of the Spanish Chamber of Commerce in Luxembourg.
Languages: English | French | Spanish | German | Luxembourgish.
Violaine S. Remacle
Member since its creation of the INVICTAS board, Director General of IN ART S.A.
Ms. Remacle holds a B.A. in Art, Archeology and Musicology (ULG), a postgraduate in
Management and Negotiation (ICHEC Business School) and in International Policy and
Strategies (ULB- Brussels University). Manager of the European Commission’s External
Relations/Economic Cooperation programs in Asia, South America, Africa and the
Middle East for 20 years, she is author of several publications.
Currently Vice-President of the Advisory Council for European Affairs in Brussels and
Director of several European associations (Schuman Square/One Day).
Languages: English | French | Spanish | Portuguese | Italian | Dutch.
The main purpose of the Board of Independent External Experts is to be an independent
scientific reference entity of the adviser of the Fund bringing the maximum transparency
during the evaluation and selection process. It is composed of experts, practitioners and
professionals from around the world:
Maximum transparency through a Board of Independent External Experts in the fields
of tax and legal councils, technical production aspects and marketing and distributions
chain operations, to assist the Advisor Team in the evaluation and selection process.
IN NUTS FUND collaborates with over 30 leading experts, advisors and consultants
across Europe, USA, Asia and Latin America.
Dr. Vincent Derudder
Chairman of the Advisory Committee
President of FECIF, European Federation of Financial Advisors, Luxembourg
Prof. Augustin Perez Bourbon
Professor for Dry Fruit Marketing, University of Belgrano, Buenos Aires, Argentina
Prof. Dr. Nicolai Worm
Nutrition Expert and Author, University of Munich, Germany
José Eduardo Camargo
President of World Dry Fruit Producer Conference, Sao Paulo, Brazil
Prof. Mihai Grigoras
Expert on Bio Fruits distribution, Vienna, Austria
Prof. Dr. Dirk Löhr
Expert in International Taxation and Landgrabbing, University of Trier, Germany
Wagner Cavon
Expert in Agricultural Production and Food logistics, Florianopolis, Brazil

8. INNUTS
FUND
INNUTS
FUND
FUND CHARACTERISTICSINVESTMENTS
BY TYPE AND LOCATION
GEOGRAPHIC SPREAD
To minimize the risks, the Fund will spread its invest-
ments strategically across several continents.
SECTORAL SPREAD
To maximise the profit, the Fund will allocate its partici
pations along the value added chain, procuring a
first year return.
IN NUTS (I) SCS
A Luxembourg Nuts Investment Fund based on:
■■ Developing current successfull nut plantations,
processing and distribution companies.
■■ Producing, processing and distributing of healthy
dry fruits.
■■ Procuring high economic returns.
■■ Guarding sustainable and environmentally friendly
set-up.
■■ Commiting to a Joint Venture Engagement.
■■ Promoting Social Responsibility.
Domicile Luxembourg
Structure CL Partnership
Fund Currency €/$
Launch Date 01-10-2017
Fiscal Year 31 December
Fiduciary Agent Fiduciaire Premier Luxembourg S.A.
General Partner INVICTAS S.A.
AIFM AIFMD light regime
Fund Advisor IN NUTS S.A.
Legal Advisor Dechert LLP Avocat
Bank Luxembourg
Subscription Fee Up to 4%
Managment Fee 3.5% p.a
Performance Fee 20% (High-Water Mark)
Min Investment 500.000 €/$
NAV Calculation Annual
Life of the Fund 15 years

9. INNUTS
FUND
INNUTS
FUND
APPENDIX I:
QUESTIONS & ANSWERS
Could you briefly introduce the nuts fund, its performance objective and the strategy used
to achieve this performance?
For the past 30 years, Dry Fruits and specially Nuts have benefited from a growing market,
the constant increase in demand has exceeded supply, resulting in maximum sales at a
high price.
IN NUTS FUND foresees to invest half of its funds in Nut producing plantations.
INVICTAS IN NUTS FUND will invest its raised capital into:
■■ Acquiring minority shareholdings of nut-producing plantations in traditional as well as
emerging markets with a special focus on financing local, existing, as well as start-up
family businesses; hidden champions.
■■ Acquiring minority shareholdings of nut-processing and distributing companies in key
consumer markets with high yields with an aim of fair-trade results for the producers.
■■ Granting loans with share-options at loan-end of above mentioned types of companies.
■■ Between 20 and 30 businesses across the globe at any given time with view of a
global geographical risk spread.
■■ Concentrate in investments in a variety of nuts by selecting market leaders upon the
three following criteria:
Locally co-owned and managed.
Global expertise and market knowledge.
Distribution experience in key markets.
IN NUTS FUND links economic attractiveness with environmental sustainability.
IN NUTS FUND proves that profitability, community involvement and social responsibility
can successfully engage with each other.
APPENDIX I:
QUESTIONS & ANSWERS
Could you describe the company and the motivation behind it?
■■ In terms of legal structure, the IN NUTS FUND was set up as a limited partnership (société
en commandite simple), qualifying as an Alternative Investment Fund (AIF) within the
meaning of article 1 (39) of the 2013 Act on Alternative Investment Fund Managers
(AIFM Act). The fund is managed by the general partner (INVICTAS S.A.), which is
registred with the Commission de Surveillance du Secteur Financier (CSSF) as an AIFM.
■■ The IN NUTS FUND was created by INVICTAS, an AIFM company. The IN NUTS
FUND relies upon the experience and knowledge of IN NUTS S.A., which is the fund’s
adviser entity.
■■ IN NUTS S.A. manages diversified investments in nut producing, processing and
distributing companies across the globe.
■■ The main benefits of this legal structure are the competitive cost structure and fast set-up
process. It offers a flexible and effective framework combined with general contractual
freedom, paving the way for the development of specific strategies in tangible assets
and in particular in innovative processing and distribution strategies.
The Fund is lightly regulated as an AIFM, what does that mean in practice? What is the
nature of the supervision to which it is subject?
■■ AIFMD (the Alternative Investment Fund Manager Directive), introduced in 2013,
provides a freer regime for AIFMs funds with less than e 100 million in asset under
management. This threshold rises to e 500 million in cases where the AIFM is unleve-
raged or does not allow redemptions for five years, the period that is usually required
for the development of the specific strategies in private equity or alternative investment
strategies in tangible assets. AIFMs are required to register to access this freer regime
as opposed to the stricter autorisation criteria that usually apply to retail investors.
■■ Thus, the general partner of the limited partnership (INVICTAS S.A.) is exempt from
strict requirements other than its reporting obligations to the CSSF.
■■ The IN NUTS FUND, domiciled in Luxembourg and audited by an external auditor
(réviseur d’entreprises), may be subscribed by well-informed/professional investors
and marketed in accordance with applicable national private investment rules.

10. INNUTS
FUND
INNUTS
FUND
APPENDIX III:
BUSINESS PLAN
APPENDIX II:
KEY FACTS
■■ Answering to growing demand and continuously
increasing prices.
■■ Investing in state-of-the-art technology and high
quality species already in production, locally
developed under supervision of local experts.
■■ Searching for low cost yet socially responsable
production opportunities.
■■ Cooperation with specialized government and
private agencies that foster agribusiness opportuni-
ties.
■■ Globally experienced management team with
backgrounds in production, processing, distribu-
tion, brand building as well as mergers and
aquisitions.
INVESTMENT IN PLANTATIONS
Between 40 and 50 % of the fund capital is foreseen to be invested into existing or newly
set up nut plantations. These investments will generally take up to six years to achieve first
returns but will dramatically increase profitability of the fund in the second half of the fund’s
lifecycle. 80 % of these investments will go into tangible assets, lowering the risks of the
investment and having a positive impact on the yearly assessment of the Net Asset Value.
INVESTMENT IN PROCESSING AND DISTRIBUTION
Between 50 and 60 % of the fund capital is foreseen to be invested into existing or newly
set up processing and distribution endeavours. These investments will generally create
returns from year one or two and will continuously do so throughout the fund’s lifecycle.
All of these investments will be closely monitored and sold if appropriate in order to
reinvest, freed up capital into new opportunities. The investments in successful processing
and distribution companies will express their returns in the dividend early in the fund’s
existence and will further contribute in a moderate way to the Net Asset Value.
The group of Executive Officers of the Advisor Team proposes a Management-Buy-Out
option of the Fund’s investments at the end of the fund’s 15 years life cycle.
INVESTMENT RESULTS
For the calculation of the results the investments have been split into 56% going into Pro-
cessing and distribution, whereas 44% would go into plantations.
The decent yield resulting from the P&D investments is based on data by potential part-
ners on three continents and has been established at an average of 20% net result before
corporate taxes. (The corporate tax ranges at an average of 20% in the countries of the
current 12 business cases.)
The net result from this is 16% or USD 9 million considering a total investment of USD 56
million.

11. INNUTS
FUND
INNUTS
FUND
APPENDIX III:
BUSINESS PLAN
2026 2027 2028 2029 2030 2031 2032
Pecan (8M) 5.552.000 8.000.000 11.293.600 15.228.400 19.991.200 25.497.600 31.741.600
Pecan (8M) 5.552.000 8.000.000 11.293.600 15.228.400 19.991.200 25.497.600 31.741.600
Surplus 5.466.945 7.304.539 8.857.685 10.209.934 11.419.810 12.421.858 13.180.785
Results 9.000.000 9.000.000 9.000.000 9.000.000 9.000.000 9.000.000 9.000.000
Fee 3,5% -3.500.000 -3.500.000 -3.500.000 -3.500.000 -3.500.000 -3.500.000 -3.500.000
BALANCE 22.070.945 28.804.539 36.944.885 46.166.734 56.902.210 68.917.058 82.163.985
APPENDIX III:
BUSINESS PLAN
2018 2019 2020 2021 2022 2023 2024 2025
Pecan (8M) 228.000 1.068.000 2.878.400
Pecan (8M) 228.000 1.068.000 2.878.400
Surplus -878.800 -1.120.000 -1.377.200 -1.502.582 -1.097.353 214.052 1.710.335 3.491.276
Results 9.000.000 9.000.000 9.000.000 9.000.000 9.000.000 9.000.000 9.000.000 9000000
Fee 3,5% -3.500.000 -3.500.000 -3.500.000 -3.500.000 -3.500.000 -3.500.000 -3.500.000 -3500000
BALANCE 4.621.200 4.380.000 4.122.800 3.997.418 4.402.647 6.170.052 9.346.335 14.748.076
ASSET VALUE INCREASE
For the annual value increase of all investments a conservative
average of 4% has been considered.
This is how the following performance is to be understood:
Size
of plantation
Investment
Volume
Calculation
(TUSD)
Costs until
break even
(TUSD)
Accumulated
surplus
(TUSD)
Total
return %
Return
per annum %
Pecan 2450 H 16.000.00 0 242.986.00 1.518.66 108.48
Almond 600 H 7.962.00 2.133.00 25.242.00 250.04 17.86
Hazelnut 1000 H 7.950.00 2.838.00 12.483.00 115.71 8.27
Macadamia 1000 H 6.220.00 1.190.00 30.576.00 412.63 29.47
38.132.00 6.161.00 311.287.00 2.297.04 164.08
First Year: 8,6% (4,6% results + 4% value increase)
Years 1 to 5: 8,3% (21,5% results + 20% value increase)
Years 1 to 10: 14,3% (102% results + 40% value increase)

12. INNUTS
FUND
INNUTS
FUND
MEET THE ADVISOR TEAM
TEAM OF EXECUTIVE OFFICERS
MEET THE ADVISOR TEAM
TEAM OF EXECUTIVE OFFICERS
CEO: Dominicus Rohde, Luxembourg/Argentina
Dominicus is a German-born entrepreneur and nut-farmer, married to Lia Villar; together
the couple has seven children. Dominicus was raised in Germany, France and the USA,
before he started his university education. After graduating from the University of Luxem-
bourg in Humanities, he completed a Master Programme in Business Administration, spe-
cializing in Marketing, spending a year each in Oxford, Madrid and Paris. He undertook
postgraduate studies in Johannesburg and Beijing before pursuing doctoral studies in
Educational Management in Bristol, England. He was further trained in Export Business at
the Argentina School of Export at the Buenos Aires Stock Exchange. With his companies
based in Luxembourg, Dominicus has been exporting high quality food products from
Argentina worldwide for 25 years, creating his own brands and registered trademarks.
As a consultant to the INTA and the Federal Governments of Argentina and Uruguay, he
has assisted hundred of foods manufacturers and producers to sell their goods to Europe,
North America and Asia. Dominicus speaks German, French, Spanish and English.
CFO: Helge Heyd, Germany
Helge Heyd is a German citizen. After studying business administration at the University
of Saarland with a specialization in banking and finance, Helge became a bank auditor
with the German mutual cooperative banking system (Volks- und Raiffeisenbank) in the
capital of Bonn. In 1996, he was made team leader of the risk management department
of the association of savings banks in Berlin. In 2001 he became director of treasury of
one of the leading German savings banks.
In his free time, Helge acts as an advisor to the German network of business ethics. He
is the acting president of the German federation of nature preservation in his hometown
of St. Ingbert, where he lives with his wife Angela and their two children. Helge speaks
German and English.
COO: Andrés M. Bellomo Pángaro, Argentina
Born in Buenos Aires, Andrés is married to his wife Ana with whom he has raised their 5
children. He graduated from the Pontifical University of Argenitna as a Food Technology
Engeneer and holds an MBA from the Universidad Austral IAE. He has worked as COO
in Logistics and Distribution for the Foods-Chain-Sector involving firms like McDonald’s,
Coca-Cola, InBev, Wal-Mart, Carrefour, Arcor, Unilever, Kraft among others. Andres
has broad Managerial and Commercial experience within Latin America, Europe and
Asia in the food-chain business; having specialized in leading take-overs, mergers &
acquisitions, developing business, restructuring companies, operations and businesses.
He is used to lead with complex commercial and operational challenges. Andres enjoys
sports and music and in his free time together with his wife, is building a scholarship
project for handicapped children. Andres speaks Spanish, English, Portuguese and Fren-
ch.
CIO: Codrin Crisan, Romania
Codrin is a Romanian-born entrepreneur married to his wife Corinna. He was raised in
a farming community and studied to become an industrial engineer, graduated from the
Technical University of Cluj Napoca. Later he added a Master Program in Business Admi-
nistration. For more than 13 years he worked in the Automotive Industry in Romania and
Germany where he was responsible as Production Manager and Factory Manager in
German and American companies for product manufacturing for clients such as Daimler,
BMW and Audi. In 2013 he started his own businesses, currently owning or co-owning
businesses in Industrial Construction and Facility Management as well as Webmarketing,
Branding and Professional Training companies. His clients include agriculture and food
logistics organizations across the world. In his free time Codrin volunteers as a Mana-
ging Director of the World Peace Forum and at the Centre for Social Transformation
Association - IOFC. Codrin Speaks Romanian, Hungarian, German and English.
CDO: Karsten Roloff, Luxembourg/India
Karsten is a German citizien living in Luxembourg. With his wife Indrani they have
raised two sons. After earning his title of Bank Manager at the German DAÄB eG Bank
in Hannover, he graduated in business administration from the University of Saarland.
Afterwards he started his retail career with the German “Big Box” retailer Globus in diffe-
rent positions and countries. During his last assignments in the Czech Republic and Ger-
many he represented Globus as a Member of the Executive Management Team. Since
2009 he acts as Managing Partner for a Trade and Consulting firm based in Luxembourg
with assignments in Europe, Asia and the UAE. He is an expert in Mergers & Acquisitions
as well as Global Food Chain Management and International Trade. Having worked for
more than 20 years in international P&L/general management, global sourcing, sales,
marketing, product management & private label, operations and supply chain manage-
ment, he has a proven track record of positioning companies for growth and profitability.
With InNuts, Karsten is responsible for business development in general with particular
focus on the industrial sectors: Processing, Distribution, Branding, Retail & e-tail. Karsten
speaks German, English, French and Czech.

13. INNUTS
FUND
INNUTS
FUND
MEET THE ADVISOR TEAM
LOCAL PARTNERS
MEET THE ADVISOR TEAM
TEAM OF DIRECTORS
Agriculture: Maria Villar, USA
Maria is an agricultural engineer and has 25 years of global B2B experience in Mergers
and Acquistion in the agricultural and distribution sectors. She has been the managing
director, responsible for North and South America, for a large Chinese agricultural sup-
ply manufacturer.
E-Commerce: Maximo Núñez Leguizamón, Spain
Maximo has a degree in Marketing and has been active in sales and distribution globally
for over 30 years. He is a pioneer in e-commerce and logistics.
He is currently the director of sales of a large IT equipment company in Germany.
Sustainability: Henrique Martini Romano, Brazil
Henrique has a degree in Business Administration and holds several certificates in envi-
ronmental and organic food related subjects. He farms his own organic plantations in
Brazil and consults businesses on “Going Green”.
Daxing Wu, China
Entrepreneur / Nut Expert / Import- Export / Procurement
Nathan Lule, Uganda
Entrepreneur / Farmer / Agriculture / IT-Expert
Matias Bellomo, Argentina
Entrepreneur / Plantation Manager / Farmer / Processing
Egidio Machry, Brasil
Entrepreneur / Distribution / Sales / Marketing
Thorsten Rohm, Peru
Entrepreneur / Logistics / Project Management / Sales
Xavier Heude, Vietnam
Entrepreneur / Social Business / Sustainability / Emerging Markets
Whitcomb Barnhill, USA
Entrepreneur / Logistics / Procurement / Nut Expert
Pedro Cabellos, Spain
Agricultural Engineer / Nut Plantation Expert / Mergers and Acquisition
Monte Bottons, USA
Plant Nutrition & Soil Health Expert / Orchard Specialist / Entrepreneur

15. Document is draft only and is not intended as an offer or solicitation
with the respect to the purchase or sale of any partnership interests,
shares or units. No luxcofund relating to this project has been incor-
porated yet and this draft document is still subject to further possible
amendments and comments. This document should hence be con-
sidered as pre-informative only and may by no means serve as a
basis for actually subscribing. To avoid any doubt, this document is
not intended to constitue “marketing” as such term is defined in the
European alternative investment fund managers directive.
CONTACT: info@innutsfund.lu
14,rue Mathias Hardt
L-1717 Luxembourg
Tel +352 22 32 94
MEMBER OF:
MM INTERNATIONAL HOLDING S.A.
www.innutsfund.lu
GENERAL PARTNER:
INVICTAS S.A.
FUND ADVISOR:
IN ART S.A.