Sound Point CLO C-MOA LLC

Item 5.          Fees and Compensation

Management Fees and Performance-Based Compensation

Investors in the C-MOA Risk Retention Series and Vertical EU Risk Retention Series are not charged
management fees. The Management Series and the Second Management Series of the C-MOA respectively
collect management fees generated by managing the underlying CLOs. As Collateral Manager to the CLOs,
C-MOA generally receives a collateral management fee at an annual rate between 0.4% and 0.5% per
annum of the net assets of the applicable CLOs, payable quarterly in arrears. C-MOA is also paid an
incentive fee from a CLO based on the CLO achieving certain target returns for subordinated noteholders.
Details of such fees are described and superseded by the relevant CLOs’ offering memoranda. In addition,
C-MOA may enter into agreements with holders of Subordinated Notes to waive or rebate a portion of the
Subordinated Collateral Management Fee. As such agreements may provide that such holders will be
entitled to receive a portion of the Subordinated Collateral Management Fees payable on each Payment
date during the term of the transaction, C-MOA’s performance and incentives may be negatively impacted
by any such fee rebate arrangements. C-MOA, or its affiliate, may, in its discretion, waive, reduce or rebate
the Management Fees with respect to the investment of any investor, including its affiliates and/or strategic
investors. The fees charged to clients in the future may be the same as or different than that fee described
herein.

Expenses

Generally, C-MOA bears its own costs and expenses related to its investments and its operations, including,
without limitation, legal expenses, audit and tax preparation expenses, accounting fees, fees and expenses
of an administrator, fees and expenses for risk management services, front office portfolio management
systems, insurance indemnification expenses, regulatory costs and expenses (including filing and license
fees), any issue or transfer taxes chargeable in connection with any securities transactions, any entity level
taxes and fees, costs of reporting and providing information to investors, and costs of litigation or
investigation involving the CLO’s activities, and any extraordinary expenses. A portion of these operating
expenses may be shared with its affiliates on an equitable basis.

Each CLO will be invoiced separately by the third-party CLO trustee for a range of expenses including
administrative fees, research, and accounting fees. The CLO trustees are not affiliated with C-MOA. Fees
and expenses from a staff and services agreement between C-MOA and Sound Point may be charged
directly or indirectly to the CLOs.

For a further discussion of these and related items, see Item 12 (Brokerage Practices).

Item 7.          Types of Clients

C-MOA provides collateral management services to securitized asset pools or CLOs. Although not
considered an advisory client, C-MOA also manages a Risk Retention Account to meet the requirements of
the European and UK risk retention rules and securitization regulations.