Lifesci Fund Management LLC

Item 5 Fees and Compensation
    A. Investment Advisory Services

The AlphaCentric Fund, which is subadvised by the Adviser, pays the Adviser an advisory fee equal to 50% of
the net advisory fees paid to AlphaCentric Advisors, LLC (“AlphaCentric”), the adviser to the AlphaCentric
Fund. Additional information about the fees charged to the AlphaCentric Fund is available in the AlphaCentric
Fund’s prospectus, which is publicly available at AlphaCentric’s website (http://alphacentricfunds.com), or on the
EDGAR Database on the SEC’s website (www.sec.gov).
    B. Model Portfolio Services
The Adviser receives 50% of the fees paid by the SMAs. The SMAs are generally charged: (i) a 1.5%
management fee based upon the net asset value of the applicable SMA’s assets; and (ii) a 15% performance fee
based on realized profits of the applicable SMA. The management and performance fees are paid quarterly in
arrears and are net of administrative fees payable to ELCO.
Advisory fees may be negotiable depending upon the size of the account, scope of services, and other matters.

Item 7 Types of Clients
The Adviser provides investment advisory services, as a sub-advisor, to the AlphaCentric Fund. Investment advice
is provided directly to the AlphaCentric Fund and not individually to investors in the Fund. The investors in the
Fund may include high net worth individuals, banks, thrift institutions, pension and profit-sharing plans, funds of
funds, trusts, estates, charitable organizations and other business entities.

The Adviser also serves as a model portfolio provider to ELCO. Please see Item 4 (Advisory Business) above.