Otter Creek Advisors LLC

Item 5 Fees and Compensation
Please refer to the "Advisory Business" section in this Brochure for information on our advisory fees
and compensation.

Additional Fees and Expenses
As part of our investment advisory services, we may invest, or recommend that you invest, in mutual
funds and exchange traded funds. The fees that you pay to our firm for investment advisory services
are separate and distinct from the fees and expenses charged by mutual funds or exchange traded
funds (described in each fund's prospectus) to their shareholders. These fees will generally include a
management fee and other fund expenses. You will also incur transaction charges and/or brokerage
fees when purchasing or selling securities. These charges and fees are typically imposed by the
broker-dealer or custodian through which your account transactions are executed. We do not share in
any portion of the brokerage fees/transaction charges imposed by the broker-dealer or custodian. To
fully understand the total cost you will incur, you should review all the fees charged by mutual funds,
exchange traded funds, our firm, and others. For information on our brokerage practices, please refer
to the "Brokerage Practices" section of this Brochure.

Fund Investors pay Fund administration and other incidental fees as necessary to operate the Funds,
and minor legal fees related to the maintenance of the Funds' documents as identified in the Funds'
audited financial statements.

From time to time, the Mutual Fund may invest in shares of registered investment companies ("mutual
funds"). Investors and prospective investors in the Funds should be aware that mutual funds assess a
management fee to their investors and, in certain cases, charge administrative, servicing and/or other
fees, including performance fees. Any fees paid to such mutual funds or their affiliates would be in
addition to any fees that we charge the Funds.

Investors and prospective investors should refer to the Funds' private placement memorandum for a
complete description of all fees associated with the Funds.

Item 7 Types of Clients
We provide investment advisory services to a registered mutual fund, the Otter Creek Long/Short
Opportunity Fund, and advisory and sub-advisory services, as applicable, to institutional separately
managed accounts as discussed above in the Advisory Business section.

Investors and prospective investors should refer to the Funds' offering documents for further
information on minimum investment and investor qualification requirements.