ADVISORONE FUNDS INVESTMENT ADVISORY AGREEMENT APPENDIX A FUNDS OF THE TRUST as of August 18, 2011

ADVISORONE FUNDS

INVESTMENT ADVISORY AGREEMENT

APPENDIX A

FUNDS OF THE TRUST

as of August 18, 2011

NAME OF FUND                              

ANNUAL ADVISORY FEE AS A % OF                AVERAGE NET ASSETS OF THE FUND

Xxxxxxx Fund                                        

1.00%

Clermont Fund                                       

1.00%

Select Appreciation Fund*

1.00%

Descartes Fund

1.00%

Liahona Fund

1.00%

Reservoir Fund

0.50%

Shelter Fund

1.00%

Enhanced Income Fund

0.90%

Select Allocation Fund

1.00%

Flexible Income Fund

0.65%

Milestone Treasury Obligations Fund

0.10%

* Formerly known as Berolina Fund

The parties hereto agree to the terms of this Appendix A effective as of the 18^th day of August 2011.

ADVISORONE FUNDS

CLS INVESTMENTS, LLC

By:  /s/ X. Xxxxxxx Xxxxxx              

 By: /s/ Xxxx Xxxxxx

X. Xxxxxxx Xxxxxx, President            

Xxxx Xxxxxx, President