Columbia Cent CLO Advisers LLC

FEES AND COMPENSATION
Our investment management fees are generally based on an annual percentage of the value of assets under management, as
determined by us in good faith or by a client’s custodian or other administrator. While we seek to reconcile valuations with
client custodians and administrators, in situations where fees are calculated based on valuations established by these third
parties, it is possible for fees to be higher or lower than the level we would have assessed had we been responsible for
calculating the fees based on our internal valuations. Policies relating to our fee practices and representative fee schedules
are described below.

Document Number 361733 v8

General Fee Policies Ability to Negotiate Fees
We may negotiate and charge different fees for different accounts. For example, we may offer discounted fee schedules to
certain clients based on the totality of their (and/or their affiliates’) relationship with us and/or our affiliates. The number of
accounts managed, the size or asset level of the account(s), the nature of services rendered, the country of domicile, and any
special requirements of the account(s) managed are factors typically taken into consideration in making this determination.
For clients with whom we have agreed to give the lowest fee rate charged to any other similarly situated client, all of these
factors, including the totality of our relationship with a client and/or its affiliates, may be taken into consideration in
determining whether a client is similarly situated to another. We may also consider the impact such arrangements could
have on agreements that have previously been entered into with other clients. From time to time, we may enter into fixed-
fee arrangements with certain clients, such as a situation where we have decided to waive an account minimum.

Policies and Representative Fee Schedules for CLOs
As the collateral manager to several CLOs, we receive a collateral management fee as set forth in the offering document for
each vehicle we manage on a discretionary or non-discretionary basis, which is generally assessed based on the size of the
portfolio being managed and which may vary by vehicle. We may also receive a subordinated and/or deferred fee that is
contingent upon the vehicle’s performance. Fees are pro-rated upon termination; however, performance fees, to the extent
accrued but not yet paid, are not pro-rated or refunded. Fee rates are typically negotiated on a case-by-case basis; however,
depending on the vehicle, senior collateral management fees are typically paid at an annual rate that ranges currently
between 0.10% - 0.20% of the aggregate principal amount of the collateral assets; subordinated fees at an annual rate that
ranges currently between 0.15% - 0.30% of the aggregate principal amount of the collateral assets; and performance fees,
generally payable based upon the achievement of specified internal rates of return, at a percentage of the available excess
residual cash flow. We may also negotiate fee discounts for investors in the lowest tranche of a CLO (often referred to as
equity investors because they typically assume any first losses that are incurred by a CLO). Other or alternative fees may
apply as well, such as a fee that may be charged in connection with the structuring, warehousing, and management of a new
CLO.

                        PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT

TYPES OF CLIENTS
We provide investment advisory services to CLOs that issue securities collateralized by a pool of assets, including bank
loans and high-yield bonds, to large institutional investors and/or high net worth individuals.

We also may provide investment advisory services to warehouse or risk retention vehicles for CLOs to accumulate loans
intended to be transferred to a CLO upon its launch. Such entities will be capitalized by third parties, us and/or our affiliates.

The Clients we manage may be organized as limited partnerships, limited liability corporations, or foreign (non-U.S.)
entities, among other legal forms.

We will provide investment advisory services directly to the CLOs and will generally have broad and flexible investment
authority with respect to each CLO’s investment portfolio. Our advisory services are generally not tailored to the individual
needs of any particular Note holder or investor in a CLO.

Minimum investment amounts are set forth in the relevant offering document for each vehicle we manage.

                   METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS