Halseypoint Asset Management LLC

Item 5. Fees and Compensation
The fees and expenses that will be applicable to an investment are set forth and agreed to in each Client’s
governing documents, which, for a CLO, may include a private offering memorandum, subscription and
operating agreement, and investment management agreement or other agreements (collectively, the
“Offering Documents”), and for a separately managed account, may consist of an investment management
agreement. Fees may vary by CLO, and by investor within the CLO, on a negotiated basis to reflect
elements such as size and nature of investment commitment overall. Investors and prospective investors
must carefully review the Offering Documents of the Client in which they are invested or may invest, to
review the specific fees and expenses applicable to their investment. Also, see Item 12 with respect to
brokerage fees Clients may incur.

HalseyPoint receives a Portfolio Management Fee for its investment management services to the CLOs and
to the Warehouse. The Portfolio Management Fee is typically equal to the product of 0.45% per annum

(calculated on the basis of a 360-day year and the actual number of days elapsed during the related payment
period) of the Fee Basis Amount (as defined in the CLOs and Warehouse’s Portfolio Management
Agreements), and on a negotiated basis for each separately managed account. Further, HalseyPoint shall
be entitled to reimbursement for ordinary expenses incurred in the performance of its obligations under the
Offering Documents related to the CLOs and Warehouse. In addition, HalseyPoint may be entitled to an
incentive fee on the CLO equity if certain return of investment plus a minimum rate of return is reached.

Special Rights of or Relationships with Certain Investors and other Parties

HalseyPoint and its Related Parties from time to time engage in transactions with prospective and actual
investors, counterparties and service providers which will produce economic benefits to such parties. Such
transactions can be entered into prior to, during the term of, or after admission as a Client or investor. The
nature of such transactions is expected to be diverse and are expected to include benefits or special rights
related to the Funds (including CLOs) and investments. Examples include, without limitation, the ability
to co-invest and fee sharing, and can include the grant of different economic terms, co-investment rights,
fees or redemption terms or additional or supplemental reporting or portfolio information. HalseyPoint has
no obligation to offer all such additional rights, terms or conditions to any other Client, Note holder or
investor.

From time to time HalseyPoint may enter into arrangements to waive or rebate portions of the management
fee. No holder of Notes will have the right to review or to receive the economic or other benefits of any
such arrangement to which such holder is not a party. Such arrangements may affect the incentives of
HalseyPoint in managing the collateral obligations and may also affect the incentives of the relevant holders
of Notes in taking actions that such holders may be permitted to take under the indenture and the
management agreement, including votes concerning amendments to the transaction documents and the
removal for “cause” of HalseyPoint.

With regard to the CLOs, HalseyPoint may only be removed for “cause,” notwithstanding any losses that
Holders may realize upon their investments in Notes. HalseyPoint and its Related Parties and their
respective management teams are expected to have pre-existing and ongoing relationships with certain
Clients, investors, Note holders or counterparties or have a financial interest in obligors or issuers of
securities or interests held in Client portfolios. Such relationships or positions could result in a benefit to
such investors or Clients which are not available to other Clients or investors. While HalseyPoint makes
investments which it determines in its reasonable discretion to be for the benefit of participating Clients, in
this case, such investments will not be for the exclusive benefit of participating Clients but will also benefit
other Clients, investors or Note holders or HalseyPoint and its Related Parties.

Some Clients, investors or Note holders, and prospects, request and receive, at the sole discretion of
HalseyPoint, more specific and detailed portfolio information concerning the portfolio and strategy and
specific investments in the portfolio, than is routinely provided to other Clients, investors or Note holders.
When HalseyPoint chooses to provide such information, and it does so with no obligation or commitment
to update, correct inaccuracies or provide the same information to all investors or Clients. Similarly,
HalseyPoint has no obligation to provide written commentary, research or other communications or analysis
provided to one or more Clients or investors, to other Clients and/or investors.

Item 7. Types of Clients
As described in Item 4 “Advisory Business”, HalseyPoint advises Funds, which include CLOs.

Any initial and additional terms, including subscription minimums for investors will be disclosed in the
Offering Documents.