Manatuck Hill Partners LLC

Item 5. Fees and Compensation

The fees and compensation from the Funds are set forth in the applicable governing documents of each
Fund.

Asset Based Compensation

The Adviser is paid either a monthly or quarterly asset based investment management fee in advance equal
to 1.5% per annum (i.e., 0.125% per month or 0.375% per quarter) based on the value of the respective
Fund as of the last day of each month or quarter (the “Management Fee”). The Management Fee shall be
paid promptly after the beginning of each month or quarter and shall be based on the net assets of a
Fund as of the first day of such month or quarter (adjusted for contributions made during the quarter).
The Management Fee is prorated for any period less than a full month or quarter. The Adviser receives
the Management Fee each month or quarter by instructing each Fund’s custodian to deduct the
Management Fee from the Fund's account.

Any investor that is affiliated with, or a family member of, a principal of the Adviser or an affiliate of the
Adviser may invest in the Adviser’s private investment funds without being subject to any Management Fee.

Performance Based Compensation

Affiliates of the Adviser are entitled to be paid annual performance-based compensation, which is
compensation that is based on a share of capital appreciation of the assets of a client. This performance-
based compensation for the Funds is equal to 20% of the respective Fund’s net profits and is subject to a
loss carryforward.

Any investor that is affiliated with, or a family member of, a principal of the Adviser or an affiliate of the
Adviser may invest in the Adviser’s private investment funds without being subject to any performance-
based compensation.

In addition to paying investment management fees and performance-based fees or other compensation,
client accounts will also be subject to other expenses such as legal, accounting and auditing expenses,
printing and mailing costs, research costs and expenses, directors' fees and expenses (if applicable),
administrative expenses (including the fee payable to the administrator), government fees, taxes (if any),

organizational and offering expenses and all investment expenses (including brokerage commissions,
clearing and settlement charges, interest on debit balances or borrowings, mark-ups, mark-downs and
spreads on securities and other transactions, insurance and custodial fees, borrowing charges for securities
sold short and short sale dividends, and third party fees and expenses incurred in connection with the
evaluation of prospective transactions), the costs of any liability insurance obtained on behalf of a client,
the Adviser or a manager, member, officer, director, principal, employee or affiliate of the Adviser or an
affiliate of any of the foregoing.

Client assets may be invested in money market mutual funds, ETFs or other registered investment
companies. In these cases, the client will bear its pro rata share of the investment management fee and
other fees of such fund, which are in addition to the Management Fee paid to the Adviser. The Adviser
manages master-feeder structures and accordingly, the feeder funds in such structure each bear their pro
rata share of the expenses of the applicable master fund. In addition, clients will incur brokerage and other
transaction costs. Please refer to Item 12 of this Brochure for a discussion of the Adviser’s brokerage
practices.

Item 7. Types of Clients

 The Adviser’s clients consist of private pooled investment vehicles. With respect to any client that is a
 pooled investment vehicle, any initial and additional subscription minimums are disclosed in the offering
 memorandum for the pooled investment vehicle.