Creek Drive Management Group LLC

Item 5 – Fees and Compensation

A.     Fee Schedule
The fees and compensation payable to Creek Drive are negotiable and vary among its
Clients. However, the range of compensation is generally as follows:
       1.      Management Fee
With respect to the Fund, Creek Drive typically receives a quarterly asset-based management
fee calculated as a percentage of each Investor’s capital account, payable quarterly in
advance. The management fee is 0.50%, generally equal to 2.00% per year.
       2.      Performance-based Fees
From the Fund, Creek Drive generally receives a performance allocation equal to a percentage
of the net income allocated to each Investor for the year, but only to the extent net income
allocated to that Investor exceeds any cumulative losses that were allocated to that Investor
for earlier periods and that have not been recovered (a “high water mark”). This performance
allocation is generally equal to 20% and is typically made at the end of each calendar year.
The performance allocation will only be charged to accounts of those Investors who are
“qualified clients” as defined in Rule 205-3 of the Investment Advisers Act of 1940, as
amended (“Advisers Act”), in accordance with applicable state law.
       3.      Fee Comparison
Client expenses, including the management fee and any performance-based fees may
constitute a higher percentage of average net assets than could be found in other investment
programs.
B.     Payment of Fees
Management fees, performance-based fees, and third-party fees (discussed below) are
deducted from Client assets. Management fees, which are paid in advance, are withdrawn at
the beginning of the quarter. Performance-based fees are determined as of the last business
day of the calendar year and as of any date on which an Investor makes a withdrawal or
receives a distribution from such Investor’s capital account.
C.     Third-Party Fees
Clients shall pay such costs and expenses as Creek Drive shall reasonably determine to be
necessary, appropriate, advisable or convenient to carry on its business and realize its
objective, including but not limited to: (i) management fees; (ii) all general investment
expenses (i.e., expenses which Creek Drive reasonably determines to be directly related to
the investment of the Client’s assets); (iii) all administrative, legal, accounting, auditing,
record-keeping, tax form preparation, compliance and consulting costs and expenses; (iv)
fees, costs and expenses of third-party service providers that provide such services; and, (v)
any extraordinary expenses, among other expenses.

                                                                             Part 2A of ADV:
                                                  Creek Drive Management Group LLC Brochure

Creek Drive’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which shall be incurred by the Clients. Such charges, fees and
commissions are exclusive of and in addition to Creek Drive’s management fee, and Creek
Drive shall not receive any portion of these commissions, fees, and costs.
Please see Item 12 of this Brochure regarding brokerage.
D.     Prepayment of Fees
Creek Drive generally requires Fund Investors wishing to withdraw amounts from their
capital accounts upon 90 days written notice for the last business day of a quarter and does
not permit withdrawals on any other date. In the event that Creek Drive does permit an off-
cycle withdrawal or account closure, any prepaid fees (such as management fees) will not be
refunded for the partial quarter. Any applicable performance-based fees will be calculated at
the time of withdrawal or closure, and deducted from the proceeds.
E.     Outside Compensation for the Sale of Securities
Neither Creek Drive nor its supervised persons accept compensation for the sale of securities
or other investment products outside of its association with Creek Drive.
The foregoing discussion in Items 5 represents Creek Drive’s basic compensation
arrangements. The management fees and performance allocations described above
are structured to comply with Rule 205-3 under the Advisers Act and applicable state
laws. Fees and other compensation are negotiable in certain circumstances and
arrangements with any particular Investor may vary. Although Creek Drive believes
its fees are competitive, lower fees for comparable services may be available from
other investment advisers.

Item 7 – Types of Clients

Creek Drive provides investment advice and management to pooled investment vehicles
(other than investment companies).
Creek Drive may in the future provide the same or similar services to other privately placed
investment funds.
Prospective Investors in the Fund must meet eligibility criteria and are subject to certain
withdrawal requirements and limitations. Prospective Investors are encouraged to
thoroughly review a Fund’s Constituent Documents, which set forth all of the terms in detail.
Though the Clients generally pursue the same strategy, offering terms may differ.
Creek Drive offers Interests in the Fund in reliance on Rule 506(c) of Regulation D under the
Securities Act of 1933, as amended (the “1933 Act”) and only to eligible prospective Investors
in order to maintain their exclusion from “investment company” status under the Investment
Company Act of 1940, as amended (the “Investment Company Act”).
Each Investor generally must be both an “accredited investor” (as defined in Rule 501(a) of
Regulation D under the 1933 Act) and a “qualified purchaser” (as defined in Section 2(a)(51)
of the Investment Company Act), and must meet other criteria as specified in the Constituent
Documents. Creek Drive will take reasonable steps to verify the accredited investor status of
each Investor prior to accepting a subscription in accordance with Rule 506(c). The minimum
initial investment is $1,000,000, subject to waiver at the discretion of Creek Drive.