Moore Capital Management LP

Item 5 – Fees and Compensation

Moore Group’s fees are set forth in the respective Specialty Credit Fund’s governing documents and
are explained in detail in the respective Specialty Credit Fund’s private offering memorandum. Moore
Group does not have a fee schedule

Management Fee. Moore Capital Management receives an annual management fee, payable by the
Fund. During the investment period, each of the Master Funds will pay Moore Capital Management
a management fee at an annual rate equal to 1.5% of the total capital contributions to such Master
Fund as of the relevant payment date, payable quarterly in advance. After the investment period, the
management fee will be equal to 1.5% of the cost basis of investments at the relevant payment date,
payable quarterly in advance. For purposes of the management fee calculation, any indebtedness
incurred by a Master Fund in lieu of a drawdown of capital commitments that is secured by remaining
capital commitments shall be treated as capital contributions

Notwithstanding the foregoing, the General Partner may afford particular limited partners more
favorable terms with respect to management fees pursuant to a special management fee arrangement
between such limited partner and the General Partner. It is expected that any amounts attributable to
investment by Mr. Bacon, the General Partner, Moore Capital Management, their affiliates and
certain related persons (including officers and employees of Moore Capital Management) will not
be subject to the management fee.

Organizational Expenses. The Fund will bear all costs and expenses directly or indirectly incurred in
connection with the formation and organization of, and sale of interests in, the Fund and the General
Partner or otherwise relating thereto, including without limitation the organizational costs and expenses
of any intermediate entity through which a Feeder Fund invests in a Master Fund, as determined in good
faith by the General Partner, including placement fees and out-of-pocket legal, accounting, printing,
travel, filing fees and expenses, marketing expenses and the fees and expenses of meeting with actual or

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potential limited partners, up to an amount not to exceed $1 million. Organizational expenses in excess
of this amount will be paid by Moore Capital Management.

Other Expenses. Moore Capital Management will pay all normal operating expenses incidental to the
provision of the day-to-day administrative services to the Fund, including its own overhead. To the extent
practicable, third-party costs will be charged to portfolio investments.

Except to the extent paid by an issuer of a portfolio investment or any other person (except the General
Partner, Moore Capital Management or their affiliates), the Fund will pay the fees, costs, expenses and
liabilities that are incurred by or arise out of the operation and activities of the Fund, as determined by
the General Partner in its sole discretion, including but not limited to: (a) the management fee; (b) the
fees and expenses relating to consummated investments, unconsummated investments (including any
broken-deal expenses, reverse break-up fees and expenses and costs that would have been allocable to
co‐investors had such proposed transaction or investment been consummated, if the amount allocable
to such co‐investors is not paid by such parties) and temporary investments, including (i) the
investigation, evaluation, acquisition, holding, servicing, development and disposition thereof, and
including any management fee or incentive or performance-based fee charged at the level of an
investment, in each case to the extent that such fees and expenses are not reimbursed by an investment
or other third person, (ii) any travel (including the cost of first class or business class commercial airfare
and other air travel), car or ride sharing services, other modes of transportation, meals, lodging and
entertainment, and other meals and entertainment relating to any of the foregoing, including in
connection with consummated and unconsummated investment and disposition opportunities, (iii) the
cost of third party servicers, if any, engaged by Moore Capital Management or the Fund to provide
services in respect of the Fund’s investments, (iv) all costs incurred in connection with, related to, or
arising from the performance of sponsor activities, including all costs of organizing, structuring, and
underwriting securitization transactions or vehicles) and (v) expenses related to exiting investments,
including sourcing, evaluating and executing sales of investments or senior or subordinate interests
therein, securitizations, refinancings or secondary sales of investments (even if such disposition or exit
is not consummated); (c) fees, costs and expenses relating to sourcing partners (including amounts paid
to sourcing partners or fees and expenses incurred in establishing or entering into relationships with
sourcing partners); (d) interest on and fees and expenses related to or arising from any indebtedness
(including interest thereon) or financing or hedging activities of the Fund; (e) premiums for insurance
protecting the Fund, any other related investment funds and any covered person from liabilities to third
persons in connection with the Fund’s investment and other activities; (f) legal, custodial,
administration, filing, auditing, accounting, regulatory and compliance expenses, including expenses
associated with (i) the preparation of the Fund’s financial statements, tax returns and Schedule K-1s, as
applicable, and the representation of the Fund or its respective partners by the “partnership
representative”, as applicable, including expenses paid or incurred in connection therewith and other
regulatory or other filings with national, state, provincial or local regulatory authorities in any country
or territory, and (ii) the Fund’s compliance with any U.S. federal, state, local, non-U.S. or other law,
...

Item 7 - Types of Clients

Moore Group provides investment advice to the Specialty Credit Funds based on each Specialty
Credit Fund’s particular investment objectives and policies as described in the Specialty Credit Fund’s
private offering documents. Investors in the Specialty Credit Funds may include high net worth
individuals, trusts, pension and profit sharing plans, charitable organizations, and corporations and
other institutional investors.

Certain Specialty Credit Funds may not be available to U.S. investors, or may limit the number and/or
type of U.S. investors they will accept. A Specialty Credit Fund that accepts U.S. investors will
require that any U.S. investor certify that they are an “accredited investor” as defined in Regulation
D under the Securities Act of 1933, as amended, and a “qualified purchaser” as defined in Section
2(a)(51) of the Investment Company Act of 1940. The Specialty Credit Funds also may impose
qualification requirements with respect to non-U.S. investors.

Investors in the Specialty Credit Funds generally are required to meet certain conditions. The
minimum capital commitment for a limited partner in the Specialty Credit Funds is $10 million,
although the General Partner may accept capital commitments of lesser amounts in its discretion. A
Specialty Credit Fund may require investors to meet other qualifications as well, such as net worth,
investment sophistication, and country of residence as well as completing the required subscription
agreement. Interests in certain Specialty Credit Funds may not be available to investors in certain
markets.

In addition, Moore Group provides investment research services to third party investment managers.
The provision of investment research services is generally limited to investment managers that
previously were affiliated with Moore Group.

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