Neuberger Berman Loan Advisers Europe II LP

Item	5:       Fees	and	Compensation

A. Fee	Schedule

Pursuant to NBLA Europe II’s collateral management agreement with each CLO, NBLA Europe II
receives senior and subordinated management fees (“Collateral	 Management	 Fees”). Senior
Collateral Management Fees are paid in each CLO’s priority of payments after the payment of
certain CLO expenses but prior to payments on any notes issued by the CLO. Subordinated
Collateral Management Fees are paid in each CLO’s priority of payments after the payment of
certain CLO expenses and payments on the secured notes issued by the CLO, but prior to any
payments on the CLO’s equity.

NBLA Europe II may also receive a portion of certain fee notes being issued by a CLO for services
rendered to the CLO issuer. Holders of fee notes are generally paid in each CLO’s priority of
payments at the same time as applicable Collateral Management Fees.

Specific details of payment terms and compensation, including the method of calculation, will be
set forth in the applicable CLO Offering Materials.

The Collateral Management Fees may be negotiable under certain circumstances.

NBLA Europe II, acting through the Investment Series, purchases from each CLO managed by
NBLA Europe II one or more notes (the “Preferred	Return	Notes”) entitling NBLA Europe II to a
preferred return calculated as a percentage of the overall assets of such CLO, payable by each CLO
on a quarterly basis in accordance with such CLO’s priority of payments. Investors should refer to
the applicable CLO Offering Materials for more information on the Preferred Return Notes issued
by each CLO.

NBLA Europe II, acting through the Investment Series, purchases from each CLO managed by
NBLA Europe II notes (the “Performance	 Notes”) entitling NBLA Europe II to a performance
return, payable on a quarterly basis immediately prior to distributions on the equity of such CLO,
expected to equal 20% of amounts remaining that would otherwise be available to be paid to the
holders of the CLO’s equity, once the cumulative distributions by the CLO to the holders of its
equity are sufficient to generate an annual internal rate of return of 12%, compounded annually,
on such holders’ aggregate investment in the CLO (which performance return shall include, for
the avoidance of doubt, any amounts that would otherwise be payable as an incentive fee or
incentive allocation by such CLO). The amount of the performance return and the internal rate of
return for the Performance Notes can be varied for any CLO by the Investment Committee in its
sole discretion. Investors should refer to the applicable CLO Offering Materials for more
information on the Performance Notes issued by each CLO.

B. Payment	Method

Calculation	and	Payment	of	Fees:

Generally, the Collateral Management Fees, the Preferred Return Notes and the Performance Notes
are payable quarterly directly by each CLO pursuant to the priority of payments effected on each
quarterly payment date, except to the extent that NBLA Europe II elects to waive any Collateral
Management Fees. Investors should refer to the applicable CLO Offering Materials with respect to
the calculation and payment of the Collateral Management Fees, the Preferred Return Notes and
the Performance Notes.

Valuation	for	Fee	Calculation	Purposes:

Assets that are not in default or subject to certain other specified impairments are generally valued
at their outstanding principal balance for purposes of calculating the Collateral Management Fees
and the payments on the Preferred Return Notes, while amounts payable under the Performance
Notes are payable based on amounts paid to equity investors. Investors should refer to the
applicable CLO Offering Materials for more information with respect to the valuation of assets.

C. Other	Fees	and	Expenses

In addition to the Collateral Management Fees paid to NBLA Europe II, CLOs pay other fees and
expenses associated with their accounts and investments, as described in the applicable CLO
Offering Materials, which may include the following:

Administrative	 Expenses	 — Each CLO bears its own organizational, operating and offering
expenses, which may include: fees and expenses of the trustee and its agents and counsel; bank
fees and expenses; taxes or governmental fees (including annual return fees) owing by the CLO
issuer or any of its subsidiaries; fees and expenses of independent accountants, agents (other than
NBLA Europe II) and legal counsel of the CLO issuer; fees and expenses of rating agencies
(including any annual fees, amendment fees and surveillance fees) in connection with any rating
of the CLO’s secured notes or in connection with the rating of (or provision of credit estimates in
respect of) any Collateral Obligations; NBLA Europe II’s fees and expenses, including reasonable
expenses of NBLA Europe II (including fees and expenses for its accountants, agents and counsel)
incurred in connection with the purchase or sale of any Collateral Obligations, any other expenses
incurred in connection with the Collateral Obligations and certain amounts payable pursuant to
the collateral management agreement but excluding the Collateral Management Fees; fees and
expenses of the CLO’s corporate service providers; facility rating fees and all legal and other fees
and expenses incurred in connection with the purchase or sale of any Collateral Obligations and
any other expenses incurred in connection with the Collateral Obligations; fees and expenses
relating to the listing of the CLO’s notes on any stock exchange or trading system; indemnification
expenses; other expenses incurred by NBLA Europe II or the CLO’s collateral administrator or
trustee in connection with any sales, liquidation or other disposition of any Assets;
communication and notification expenses; fees and expenses relating to any refinancing, repricing
or other issuance of new and/or additional notes; any amounts necessary to ensure the orderly
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Item	7:       Types	of	Clients

NBLA Europe II serves as the collateral manager to CLOs, providing discretionary collateral
management services. In general, as noted above, CLOs issue rated senior and mezzanine notes
and unrated subordinated notes (equity) in private placement transactions only to persons or
entities that are either (i) non-U.S. Persons in offshore transactions in reliance on Regulation S
under the Securities Act, or (ii) both “qualified institutional buyers” within the meaning of Rule
144A under the Securities Act and “qualified purchasers” within the meaning of Section 2(a)(51)
of the Investment Company Act, provided that certain notes may be issued to persons or entities
that are both “accredited investors” as defined in Section 501(a) of Regulation D under the
Securities Act and either qualified purchasers or “knowledgeable employees” within the meaning
of Rule 3c-5 of the Investment Company Act. NBLA Europe II anticipates that a broad range of
institutional investors, which may include related entities of NBLA Europe II or the Firm, meeting
the criteria set forth above, will invest in CLOs managed by NBLA Europe II.

The minimum investment required by an investor varies depending on the CLO. Investors should
review the applicable CLO Offering Materials for further information with respect to minimum
requirements for investment.