Bain Capital Credit CLO Advisors LP

Item 5. Fees and Compensation

Fees

As compensation for investment advisory services rendered to CLO Clients, CLO Advisors
generally receives a management fee (“Advisory Fee”), which is based on the amount of such CLO
Client assets under management from time to time. The Advisory Fees may include both a base
and a subordinated collateral management fee. Advisory Fees billed to CLO Clients vary client
by client and are generally payable quarterly in arrears. Advisory fees paid by a CLO Client are
indirectly borne by the investors in such CLO Client. The fee structures described above are
modified from time to time.

The precise amount of, and the manner and calculation of, the management fee for each CLO Client
are established by CLO Advisors and is set forth in such CLO Client’s Advisory Agreement, the
indenture governing the securities issued by the CLO Client, and/or other documentation received
by each investor prior to investment in such Bain Capital Credit Client.

CLO Advisors may from time to time enter into arrangements with certain subordinated note
holders in a CLO Client pursuant to which CLO Advisors may agree to remit, or cause to be
remitted, to such investors a portion of the Advisory Fees with respect to such CLO Client. The
payment of Advisory Fees at varying rates (including varying effective rates based on a CLO
Client’s assets under management) creates an incentive for CLO Advisors to disproportionately
allocate time, services or functions to CLO Clients paying Advisors Fees at a higher rate, or to
allocate investment opportunities to such CLO Clients. See Item 10 below regarding allocation for
additional information on how conflicts of interests are generally addressed by CLO Advisors.

In addition, CLO Advisors may be entitled to certain incentive compensation when certain
conditions are met. CLO Advisors generally may elect to defer payment or distribution of both the
Advisory Fee and incentive compensation. If deferred, CLO Advisors may be entitled to receive
interest on the deferred portion of the management fee and/or incentive fee. See Item 6 for more
information on incentive fees. CLO Advisors also may elect to waive payment or distribution of its
fees.

Expenses

While CLO Clients bear their own expenses, these expenses may vary among CLO Clients and are
subject to the terms and conditions set forth in the applicable CLO Client’s offering materials,
governing documents, or other analogous organizational document. The expenses generally borne
by CLO Clients are outlined below.

Each CLO Client bears all of its organizational and operational expenses and obligations, which
include:

•   all out-of-pocket expenses incurred in connection with organizing, establishing and offering of
    the CLO Client (including legal and accounting expenses, filing fees and expenses, travel,
    meals, entertainment, accommodation and related expenses, printing costs or any other expenses
    incurred with respect to the offering);

•   all investment-related expenses (including any such expenses incurred in connection with
    potential investments, whether or not completed), including: expenses relating to identifying,
    discovering, sourcing, developing (including any retainers, success and finder’s fees and other
    compensation paid to contractors, senior advisers and sourcing and operating partners),
    evaluating, valuing, researching, investigating, structuring (including rating agency fees and
    expenses), diligencing, monitoring, maintaining, servicing, purchasing, making, holding,
    acquiring, registering (including notary and “gestoria” costs), selling (or potentially selling),
    refinancing (including any brokerage, borrowing and financing fees or expenses) or
    restructuring investments (whether or not completed, including broken deal and reverse break-
    up fees, liquidated damages, forfeited deposits, reserve termination fees or similar payments);
    all lodging, travel, transportation (including the use of charter, first class or business travel and
    taxis and car rentals and any other transportation), meals, entertainment and related expenses
    (including any of these incurred by an investment team or other member of CLO Advisors or
    their affiliates whether or not traveling) incurred in connection with the CLO Client’s affairs,
    including travel-related expenses in connection with evaluating, making and monitoring
    investments; professional costs and expenses (including legal, compliance, tax, financial,
    accounting, actuarial, valuation, advisory and consulting/experts (including consultants or
    experts for industry-specific matters, due diligence, reference checks, sourcing or introductions
    and other similar costs)); brokerage commissions, hedging costs, expenses relating to short
    sales, prime brokerage fees, custodial expenses, clearing and settlement charges, private
    placement fees, syndication fees, solicitation fees, arranger fees, sales commissions, pricing and
    valuation fees (including appraisal fees), underwriting commissions and discounts, investment
    banking fees, advisory fees, and bank charges, and custodial, trustee, transfer agent,
    recordkeeping and other administrative costs; fees of servicers of any portfolio company
    (including without limitation servicers of pools of loans and arrangements providing for profits
    or other incentive-based compensation); salaries, bonuses and fringe benefits payable to
    employees of CLO Advisors or its affiliates who are retained to provide operational support
    (including servicing) to the CLO Client or its portfolio investments and portions of rent, utilities,
    information technology, other real-estate related expenses and other similar items and related
    overhead expenses associated with the retention of such employees; and experts or consultants
    serving as executives or directors for portfolio companies);
...

Item 7. Types of Clients

CLO Advisors currently provides investment advisory services directly to its CLO Clients and not
individually to investors in any such CLO Client.

Interests in CLO Clients are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in CLO Clients include high net worth individuals, banks,
thrift institutions, pension and profit sharing plans, sovereign wealth funds, trusts, estates, charitable
organizations, university endowments, corporations, limited partnerships and limited liability
companies or other business entities.

Minimum investment commitments are generally established for investors in CLO Clients, which
are no less than the legal eligibility requirements.