Neuberger Berman Loan Advisers II LLC

Item	5:       Fees	and	Compensation

A. Fee	Schedule

Pursuant to NBLA II’s collateral management agreement with each CLO, NBLA 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 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 II, acting through the Risk Retention Series, purchases from each CLO managed by NBLA II
one or more notes (the “Preferred	 Return	 Notes”) entitling NBLA II to a preferred return
calculated as a percentage of the overall assets of such CLO, payable on a quarterly basis
immediately prior to direct payments of interest and principal proceeds on the subordinated
notes or other equity interests of such CLO, which percentage will equal at least one-ninth of the
aggregate percentage used to calculate the senior and subordinated Collateral Management Fees
payable to NBLA II.

NBLA II, acting through the Risk Retention Series, purchases from each CLO managed by NBLA II
notes (the “Performance	 Notes”) entitling NBLA 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).

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 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 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 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 II’s fees and expenses, including reasonable expenses of NBLA 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
administrator, AML service provider and registered office; 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 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; fees and expenses in connection with

the appointment of any co-trustee; fees and expenses of any authentication agent; fees and
expenses incurred by any subsidiaries; and reserves. All or a portion of the Administrative
Expenses for any CLO may be capped, as detailed in the applicable CLO Offering Materials. Other
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Item	7:        Types	of	Clients

NBLA 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 II anticipates that a broad range of institutional investors, which
may include related entities of NBLA II or the Firm, meeting the criteria set forth above, will invest
in CLOs managed by NBLA 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.