BlueMountain Fuji Management LLC

Item 5 – Fees and Compensation

A. Describe how you are compensated for your advisory services. Provide your fee schedule. Disclose
whether the fees are negotiable.

BlueMountain Fuji is compensated for its advisory services generally through a management fee charged
to the CLOs. Such management fee is typically made up of two components (i.e., a “Senior Investment
Management Fee” of 0.15% as well as a “Subordinated Investment Management Fee” of 0.35%, in each
case, of the net assets of the CLO, per annum), which fee is typically payable quarterly in arrears (i.e., 1/4
of the aggregate annual management fee of 0.50% of the net assets 3 of each CLO becomes payable to
BlueMountain Fuji following the end of each calendar quarter); however, the management fee structure and
terms may vary among different CLOs.

Pooled investment vehicles and other accounts that are managed by SPL’s parent company Sound Point
(including affiliates thereof) (referred to herein as “SPCM Clients”) may also invest in the CLOs. To the
extent that a SPCM Client’s CLO investment is subject to such management fees (described above) or
performance-based fees (described below), a portion of the amount of such fees paid to BlueMountain Fuji
is subject to rebate or offset by Sound Point in favor of such SPCM Clients.

As previously stated, BlueMountain Fuji has entered into a Sub-Advisory Agreement and a Personnel and
Services Agreement with SPL whereby SPL provides non-discretionary investment advice with respect to
the CLOs as well as certain shared personnel and services associated with the management of the CLOs,
including personnel that act as BlueMountain Fuji’s portfolio managers and Chief Compliance Officer;
access to research analysts; office space; back office services such as loan settlement and legal and
compliance services; and performance of trade executions upon instruction from BlueMountain Fuji. Such
services also include services provided through SPL’s parent company, Sound Point and/or affiliates
thereof. SPL receives a fee as compensation for the services it provides pursuant to these agreements.

In addition to management fees, performance compensation is payable to BlueMountain Fuji on a quarterly
basis with respect to each CLO, typically 20% of excess cash flow available after paying liability costs and
expenses once a pre-determined hurdle return has been realized; however, the performance compensation
structure and terms applicable to a CLO may differ from other CLOs, including with respect to CLOs which
BlueMountain Fuji manages in the future. See Item 6 for further information with respect to performance
compensation.

BlueMountain Fuji reserves the right to waive or reimburse some or all fees for certain investors in CLOs.
As explained above in Item 4, BlueMountain Fuji enters into Side Letters with certain CLO investors,
pursuant to which such investors are granted favorable rights not granted to other investors in the CLO
including, among other things, rights to receive reduced rates of, or reimbursement of, performance
compensation and/or management fees earned by BlueMountain Fuji.

Other fees payable by investors in CLOs are described below.

CLO investors and prospective investors in CLOs should refer to the offering circular or other offering
documents of the respective CLO for detailed information with respect to the fees associated with such
CLO. The information contained herein is intended as a summary of such offering documents and is
qualified in its entirety by such documents.

    The net assets of a CLO generally include the aggregate value of the CLO’s collateral plus available cash. The management fee
    is typically paid from interest revenue, which is segregated from other CLO cash at the time of such management fee payment.

B. Describe whether you deduct fees from clients’ assets or bill clients for fees incurred. If clients may
select either method, disclose this fact. Explain how often you bill clients or deduct your fees.

Management fees and performance compensation are generally remitted by the independent trustees of the
CLOs on behalf of the respective CLOs to BlueMountain Fuji pursuant to the terms of the applicable
indenture and investment management agreement between the parties.

Management fees and performance compensation may be (and have been) waived or modified in the sole
discretion of BlueMountain Fuji and/or its affiliates.

CLO investors and prospective investors in CLOs should refer to the offering circular or other offering
documents of the respective CLO for detailed information with respect to how fees are paid with respect to
their assets. The information contained herein is intended as a summary of such offering documents and is
qualified in its entirety by such documents.

C. Describe any other types of fees or expenses clients may pay in connection with your advisory
services, such as custodian fees or mutual fund expenses. Disclose that clients will incur brokerage
and other transaction costs, and direct clients to the section(s) of your brochure that discuss
brokerage.

BlueMountain Fuji’s fees are exclusive of the CLOs’ own organizational (which may be amortized over a
period of time, as set forth in the offering documents of each applicable CLO), operating and other expenses
including (without limitation): (i) investment related expenses (including without limitation, interest
expenses, hedging expenses and costs associated with identifying, evaluating, valuing, structuring,
monitoring, holding, purchasing, selling, warehousing investments and potential investments (whether or
not completed)), (ii) audit expenses, (iii) trustee, rating agency and administration fees and expenses, (iv)
legal and accounting expenses, (v) expenses related to research services and data feeds, (vi) insurance and
director fees and (vii) taxes.

Execution of CLO transactions typically requires payment of a bid/ask spread or brokerage commissions
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Types of Clients

BlueMountain Fuji provides investment advisory services to CLOs.

Conditions for Managing Accounts

The minimum initial investment amount for investors in CLOs is generally at least the U.S. Dollar
equivalent of €100,000 for CLOs denominated in Euros and at least $250,000 for CLOs denominated in
U.S. Dollars.