Standard Pacific Capital LLC

Item 5 – Fees and Compensation

SPC delivers this brochure only to “Qualified Purchasers,” therefore it is not required to include
its fee schedule in this brochure, but the following describes generally the kinds of compensation
it and its affiliates receive and the kinds of expenses its clients pay.

Fees

The range of compensation paid to SPC is generally as follows:

   •     Partnerships.      From each partnership, SPC typically receives an asset-based
         management fee payable as of the beginning of each calendar quarter or month, based
         on the balances in limited partners’ capital accounts. GEH and SGC generally receive a
         portion of the appreciation of limited partners’ capital accounts as a special general
         partner allocation but only to the extent that appreciation exceeds any unrecovered
         losses from earlier periods (a “high water mark”). This special general partner
         allocation is typically made at the end of each calendar year.

   •     Offshore Funds. From each Offshore Fund, SPC typically receives a management fee
         similar to the fee paid by the partnerships. SPC also generally receives an incentive fee
         calculated and paid annually in a manner similar to the special general partner allocation
         described above.

   •     Separate Accounts and Custom Funds. From Separate Accounts and Custom Funds,
         SPC generally receives fees similar to those paid by Offshore Funds. Management fees
         are typically paid in advance.

   •     Sub-Advisory Services and Non-Discretionary Accounts. From Mutual Funds and Non-
         Discretionary Accounts managed by unaffiliated third parties, SPC generally receives
         non-performance based fees.

The incentive fees and special profit allocations described above are structured to comply with
Rule 205-3 under the Investment Advisers Act of 1940. SPC believes its fees are competitive
with fees charged by other investment advisers for comparable services; however, comparable
services may be available from other sources for lower fees than those charged by SPC.

The Funds pay management fees monthly or quarterly, in advance. Investors will generally be
allowed to withdraw capital or redeem shares only as of the end of a calendar quarter or, in some
cases, month, at which time there generally will be no prepaid fees. We will not be required to
refund any portion of our management fee to a Fund if that Fund allows an investor to withdraw
or redeem as of a time other than a month-end. The Funds pay our fees directly from assets that
we manage. Incentive allocations take the form of increases in the value of GEH’s or SGC’s
partner interest in the relevant U.S. Partnership or Offshore Partnership.

The performance-based fees and allocations are calculated and accrued monthly and on any other
date as of which the net asset value of the relevant Fund is determined, and is due and payable at
the end of each calendar year. Generally, any accrued performance fee with respect to any

   Standard Pacific Capital, LLC                                          Form ADV, Part 2A Brochure

interests in one of the Funds that is being redeemed is also due and payable when such interests
are redeemed. SPC has no obligation to restore to the Funds any performance fees previously
earned and paid, notwithstanding a loss in a subsequent period.

SPC may waive, reduce, or rebate fees as to particular investors in the Funds for particular
periods by agreement with those investors.

The Wind-Down Funds do not pay an asset-based fee as of March 1, 2016.

Expenses

The Funds bear all expenses incidental to their operations and business. These include
(a) brokerage commissions and charges, (b) fees and charges of custodians and clearing
agencies, (c) interest and commitment fees on loans and debit balances, (d) income taxes,
withholding taxes, transfer taxes and other governmental charges and duties, (e) fees of the legal
advisers and independent auditors used in connection with the organization and ongoing
operations of the Funds, (f) Directors’ fees and expenses, (g) the costs of maintaining the
Offshore Funds’ registered offices, and (h) the costs of printing and distributing any private
offering memoranda and subscription materials and any reports and notices to investors or
prospective investors.

SPC is responsible for providing all personnel and office space and facilities required to perform
its services.

Further information regarding brokerage and other transaction costs is discussed in Item 12 of
this brochure.

   Standard Pacific Capital, LLC                                         Form ADV, Part 2A Brochure

Item 7 – Types of Clients

SPC provides investment advice and management to privately placed investment funds,
including limited partnerships of which GEH or SGC is the general partner and non-U.S.
companies, as well as separately managed accounts, primarily for institutions.

The Funds are privately-offered investment funds that are not regulated under the U.S.
Investment Company Act of 1940, as amended (the “Investment Company Act”) because of
Sections 3(c)(1) and 3(c)(7) of that act and, in the case of the Offshore Funds, their adherence to
the substantive provisions of Section 3(c)(7) as to U.S. investors. Each Fund will impose
minimum investor qualification standards and minimum investment requirements.

SPC is also a sub-advisor to asset managers to Mutual Funds and provides advisory services for
Non-Discretionary Accounts.

   Standard Pacific Capital, LLC                                          Form ADV, Part 2A Brochure