1. "Theres a Bull in every market "Theres a Bull in every market our job is to find it. our job is to find it. - Robert A. Isbitts, Chief Investment Officer - Robert A. Isbitts, Chief Investment Officer EAS Genesis Fund January 31, 2010 Description The EAS Genesis Fund (the "Fund") is a flexible allocation mutual fund with active hedging capability. The Fund is a multi-manager, multi-strategy portfolio that offers a practical alternative solution to the traditional, long-only "style box" approach to asset allocation. STRATEGY: Flexible, low-correlation approach that invests across a broad spectrum of investment themes, styles and disciplines via mutual funds, ETFs and options. APPROACH: Allocates among three distinct sub-strategies (conservative; moderate; and aggressive). Includes a Tactical overlay that attempts to hedge the portfolio and reduce volatility, or when possible, generate additional alpha by capitalizing on shorter-term opportunities. GOAL: Generate positive absolute returns over any 3-year rolling period; capture at least 60% of the market's upside and no more than 40% of the downside over extended rolling periods. Risk Return against S&P 500 TR Growth of $1,000 August 2008 through January 2010 August 2008 through January 2010 0% $1,200 $1,000 -5% Annualized Return $800 $600 -10% $400 $200 -15% $0 5% 10% 15% 20% 25% 30% Annualized Standard Deviation EAS Genesis Fund S&P 500 TR EAS Genesis Fund S&P 500 TR Monthly Performance (%) Net of Fees Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year 2010 (1.75%) (1.75%) 2009 (1.62%) (2.11%) 2.64% 2.10% 4.58% (0.98%) 2.98% 0.32% 1.93% (0.42%) 1.69% 0.41% 11.89% 2008 0.00% (2.90%) (5.46%) (5.56%) 0.56% (12.82%) Performance Summary As of 01/31/2010 As of 12/31/2009 *Statistics are annualized Year-to- *Since Standard Year-to- *Since Standard One Year Beta One Year Beta Date Inception Deviation Date Inception Deviation EAS Genesis Fund (1.75%) 11.74% (2.86%) 9.51% 0.33 11.89% 11.89% (1.78%) 9.70% 0.33 S&P 500 TR (3.60%) 33.14% (9.72%) 25.72% 1.00 26.46% 26.46% (7.87%) 26.36% 1.00 *Fund inception is August 14, 2008. Returns are for the Institutional Share Class (EASIX) only, other share classes will vary. Standard deviation is a statistical measure of portfolio risk which measures the variability of returns around an average, over a specified period of time. The greater the standard deviation, the greater the Fund's volatility. Beta is a measure of the volatility, or systemic risk of a security or a portfolio in comparison to the market as a whole. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above, which cannot guarantee future results. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. As stated in the current prospectus, the Fund's total annual operating expense ratio (gross) is 3.31% for the class A shares, 4.06% for the class C shares and 3.06% for the class I shares. The Fund's investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until August 31, 2010, to ensure that the net annual fund operating expenses (exclusive of any front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expense on securities sold short, expenses of investing in Underlying Funds, or extraordinary expenses such as litigation) will not exceed 1.95% for class A shares, 2.70% for class C shares, and 1.70% for class I shares subject to possible recoupment from the Fund in future years. Please review the Fund's prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. Maximum sales charge on class A shares is 5.50%. A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance current to the most recent month-end, please call 877-EAS-0757 or visit www.EASfunds.com. Please see reverse side for additional performance disclosure. EMERALD ASSET ADVISORS, LLC | 2843 Executive Park Drive | Weston, Florida 33331 | T: 954.385.9624 | TF: 1.877.EAS.0757 0807-NLD-2/9/2010 info@EmeraldEAS.com | www.EASfunds.com

2. HEDGED INVESTINGin a flexible allocation mutual fund HEDGED INVESTINGin a flexible allocation mutual fund EAS Genesis Fund January 31, 2010 Asset Allocation Detail Current Asset Allocation Sub-Strategies & Descriptions Weightings HYBRID (Conservative) Hybrid Cash Conservative strategy using hedged mutual funds that employ the 36% 14% following alternative styles: Long/Short Equity; Market Neutral; Convertible Securities; Merger Arbitrage; Event Arbitrage; Global Macro; Distressed Debt; High Yield; REITs; and Dedicated Short. Concentrated Tactical/ Equity CONCENTRATED EQUITY (Moderate) Options 19% Moderate growth strategy using long-only equity mutual funds with 8% Global Cycle concentrated portfolios (