BAU Advisors LLC

Item 5 - FEES AND COMPENSATION
Generally, BAU receives management fees as well as certain performance-based
compensation, all of which are described in detail in each pooled investment vehicles Offering
Documents. The management fee is typically paid in arrears at the end of the relevant quarter.

BAU may receive performance-based compensation or performance advisory fees with respect
to certain of the pooled investment vehicles. The performance-based compensation is generally
equal to a percentage of net profits, subject to a preferred return or hurdle return, as fully
described the applicable pooled investment vehicles’ Offering Documents. For certain pooled
investment vehicle clients, the performance advisory fee shall only be paid to BAU provided
that the minimum interest amount has been paid to investors and is only payable at the pooled
investment vehicle’s maturity date.

In addition to the fees and performance compensation enumerated above, subject to the
relevant Offering Documents, the Firm’s clients may pay (or reimburse BAU) for expenses
relating to the pooled investment vehicle, including, but not limited to, all or some of the
following: organizational expenses, legal fees, administrative and/or auditor expenses,
statutory, tax, or regulatory fees or charges or expenses payable on behalf of the applicable
pooled investment vehicle. However, expenses or reimbursements are subject to approval
through the relevant pooled investment vehicles board of directors. Where BAU is
reimbursed for expenses, the Firm will send the invoice to the pooled investment vehicles
administrator. The administrator will seek approval from the pooled investment vehicle’s
board of directors. If approved, the administrator will then process the reimbursement.

Should either one of the parties terminate the advisory agreement BAU has entered into before
the end of a billing period, a pro rata portion of the advisory fee will typically be due from the
client based on the number of days elapsed in the quarter prior to the receipt of the notice of
termination.

Complete details of these internal charges are explained in the prospectuses and Offering
Documents for each investment. Investors are strongly encouraged to read these explanations
before investing any money. BAU encourages investors to review the Offering Documents in
detail.

Advisory fees are generally charged in arrears (i.e., at the end) of each calendar quarter. The
quarterly advisory fee will be calculated based on the average gross market value of the
investment account on the last business day of each month of the calendar quarter. Fees for
partial periods are generally pro-rated. The treatment of advisory fees where an advisory

contract is terminated will be subject to the Offering Documents and terms and conditions
therein.

Item 7 - TYPES OF CLIENTS

BAU’s services are geared toward European pooled investment vehicles. The clients consist of
European pooled investment vehicles which qualify as non-regulated securitization vehicles
under the laws of Luxembourg or as designated activity companies domiciled in Ireland and
certain series or compartments of such vehicles for which only non-U.S. investors are eligible.
Certain of these vehicles issue Euroclearable asset backed bearer notes (the “Notes”) for which
only non-U.S. investors are eligible. The Notes are not offered in the
U.S. nor are they offered to U.S. persons. The issues of each pooled investment vehicle are
private, restricted, and reserved to a limited number of subscribers, particularly knowledgeable
in investment matters, individually accepted by the issuers, and who are “qualified investors”
as defined in the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017.