325 Fillmore LLC

Item 5: Fees and Compensation
As compensation for its investment advisory services, 325 Fillmore may receive, as specified by
the Collateral Management Agreements of all CLO’s, a Senior Investment Management Fee, a
Subordinated Investment Management Fee and an Investment Manager Incentive Fee Amount
based on a percentage of client assets under management (“AUM”). Typically, 325 Fillmore will
charge a Base or Senior Investment Management Fee at a rate ranging from 0.10% to 0.20% per
annum of the client assets managed, while a Subordinated Management Fee may be paid at a rate
ranging from 0.05% to 0.25% per annum of the AUM. The percentages may vary based on arms-
length negotiations with each CLO that 325 Fillmore manages. 325 Fillmore may also be entitled
to an Investment Manager Incentive Fee Amount. Specific fee rates and the methodology for
calculating these fees will be described in the Collateral Management Agreement for each CLO and
the relevant program documents which will be provided to prospective investors. Clients-CLOs are
not billed directly by 325 Fillmore but by a Fund’s trustee quarterly in arrears as is detailed in the
relevant program documents. Fees are deducted by the trustee from client assets and paid to 325
Fillmore.

Fees for special investment advisory services will be charged only when requested by a CLO,
provided for in program documents and agreed to by 325 Fillmore.

Item 7: Types of Clients
325 Fillmore will provide collateral management services to CLOs, pursuant to a Collateral
Management Agreement entered into with each individual CLO. CLOs are exempt from registration
as investment companies pursuant to section 3(c)(7) of the Investment Company Act of 1940, as
amended (the “1940 Act”). 325 Fillmore will not have any clients other than CLOs.