S-3 S-3 EX-FILING FEES 0001273685 ADAMAS TRUST, INC. N/A N/A 0.0001531 0.0001531 0.0001531 0.0001531 0.0001531 0.0001531 0001273685 2025-09-04 2025-09-04 0001273685 1 2025-09-04 2025-09-04 0001273685 2 2025-09-04 2025-09-04 0001273685 3 2025-09-04 2025-09-04 0001273685 4 2025-09-04 2025-09-04 0001273685 5 2025-09-04 2025-09-04 0001273685 6 2025-09-04 2025-09-04 0001273685 7 2025-09-04 2025-09-04 iso4217:USD xbrli:pure xbrli:shares

Calculation of Filing Fee Tables
S-3
ADAMAS TRUST, INC.

Table 1: Newly Registered and Carry Forward Securities | ☐Not Applicable
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|  | Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial Effective Date | Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Newly Registered Securities
|  | Equity | Series D Preferred Stock | 457(o) |  |  |  |  |  |  |  |  |
|  | Equity | Series E Preferred Stock | 457(o) |  |  |  |  |  |  |  |  |
|  | Equity | Series F Preferred Stock | 457(o) |  |  |  |  |  |  |  |  |
|  | Equity | Series G Preferred Stock | 457(o) |  |  |  |  |  |  |  |  |
|  | Equity | Common Stock | 457(o) |  |  |  |  |  |  |  |  |
|  | Debt | Debt Securities | 457(o) |  |  |  |  |  |  |  |  |
Fees to be Paid | 1 | Unallocated (Universal) Shelf |  | 457(o) |  |  | $ 500,000,000.00 | 0.0001531 | $ 76,550.00 |  |  |  |
Fees Previously Paid |  |  |  |  |  |  |  |  |  |  |  |  |
Carry Forward Securities
Carry Forward Securities |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Total Offering Amounts: |  | $ 500,000,000.00 |  | $ 76,550.00 |  |  |  |
|  |  | Total Fees Previously Paid: |  |  |  | $ 0.00 |  |  |  |
|  |  | Total Fee Offsets: |  |  |  | $ 0.00 |  |  |  |
|  |  | Net Fee Due: |  |  |  | $ 76,550.00 |  |  |  |

Offering Note |

1 | Includes an indeterminate amount of securities of each identified class that is being registered hereunder and that may be issued under this registration statement at indeterminate prices from time to time in primary offerings or upon exercise, settlement, conversion or exchange of any securities registered hereunder that provide for exercise, settlement, conversion or exchange. No additional consideration will be received for such additional shares issued upon exercise, settlement, conversion or exchange of any securities registered hereunder that provide for exercise, conversion or exchange, and therefore no registration fee is or will be required pursuant to Rule 457(i) under the Securities Act of 1933, as amended (the "Securities Act"), for such securities. Pursuant to Rule 416 under the Securities Act, this registration statement shall be deemed to cover any additional number of securities that may be offered or issued from time to time upon stock splits, stock dividends or similar transactions. Pursuant to Instruction 2.A.iii.b of Item 16(b) of Form S-3, the proposed maximum aggregate offering price for each class that is being registered hereunder is not specified. The proposed maximum offering price per unit of each class that is being registered hereunder will be determined from time to time by the registrant in connection with the issuance by the registrant of the securities registered hereunder. In no event will the maximum aggregate offering price of all securities issued from time to time pursuant to this registration statement exceed $500,000,000.

Table 2: Fee Offset Claims and Sources | ☑Not Applicable
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|  | Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Security Type Associated with Fee Offset Claimed | Security Title Associated with Fee Offset Claimed | Unsold Securities Associated with Fee Offset Claimed | Unsold Aggregate Offering Amount Associated with Fee Offset Claimed | Fee Paid with Fee Offset Source
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Rules 457(b) and 0-11(a)(2)
Fee Offset Claims | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A
Fee Offset Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A
Rule 457(p)
Fee Offset Claims | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A
Fee Offset Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A

Table 3: Combined Prospectuses | ☑Not Applicable
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| Security Type | Security Class Title | Amount of Securities Previously Registered | Maximum Aggregate Offering Price of Securities Previously Registered | Form Type | File Number | Initial Effective Date
--- | --- | --- | --- | --- | --- | --- | ---
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A