STANDARD PACIFIC'S RULES GOVERNING PAYMENT OF REFERRAL FEES TO LICENSED REAL ESTATE AGENTS

Standard Pacific will pay a referral fee to licensed real estate agents who introduce their clients to one of our cooperating communities ("Standard Pacific Communities") ONLY if ALL of the following conditions have been met:

1. The agent must register in writing as the agent for the client at each Standard Pacific Community to which the client is being introduced by the agent by entering into a Broker Registration and Referral Fee Agreement. The form is available from our sales representatives and is the only form that will be accepted. Note: Not all Standard Pacific Communities are eligible for a Referral Program.

2. The agent must accompany his or her client on the client's FIRST visit to the specific Standard Pacific Community. Even if a client has been registered, no referral fee will be paid if the client is not accompanied by the agent on the client's first visit to the Standard Pacific Community. If a client has previously registered on Standard Pacific's Interest Registry, or the interest list of any master developer for the development in which the Standard Pacific Community is located, no referral fee will be paid.

3. The client must purchase and close escrow on a home in the specific Standard Pacific Community to which the client has been introduced and registered by the agent. No referral fee will be paid if the client purchases a home in a different Standard Pacific Community than the one to which the client has been introduced and registered by the agent.

In addition, the following rules shall apply:

• The registration is effective for a period of 60 days and may be extended for an additional 30 days provided a request for the extension is made and approved in writing within the initial period. There shall be no extensions unless, and until, they are approved in writing by Standard Pacific.

• Should the registration period, extended or otherwise, expire prior to purchase, no referral fee will be paid in connection with any transaction agreed upon with the client who had previously been registered.

• The Standard Pacific sales representative will handle all the necessary paperwork for the sale and escrow.

• Standard Pacific will provide all necessary forms and contracts for the client. Standard Pacific cannot honor contracts for sale on forms other than those approved by Standard Pacific.

• The Standard Pacific sales representative will update the agent on progress during the escrow period and may call the agent from time to time with questions of the buyer.

• Provided all conditions have been met and upon the closing of the escrow the referral fee shall be paid to the licensed brokerage company listed on the registration form at the time of execution of the contract. Should the purchase of the property fail to close, no referral fee will be paid to the referring agent or broker. The following people will not qualify for a referral fee on the home they are buying: (1) brokers and agents purchasing as principals; (2) previous or current owners of a Standard Pacific home; (3) employees of or immediate family members of an employee of Standard Pacific.

The above terms and conditions will be strictly enforced. Please see a sales representative for further details.

We are eager that your clients may achieve their homebuying goals in a smooth, efficient and equitable manner, so that the experience is a credit to you. In the spirit of that aim, we will strictly enforce all conditions. Standard Pacific may modify or terminate these policies at any time and without notice. Thank you for your cooperation.