UNDERWRITING AGREEMENT Between ADVISORONE FUNDS and NORTHERN LIGHTS DISTRIBUTORS, LLCUnderwriting Agreement • December 26th, 2012 • Advisorone Funds • Nebraska
THIS UNDERWRITING AGREEMENT effective the 10th day of November 2012 by and between ADVISORONE FUNDS, a Delaware statutory trust, having its principal office and place of business at 17605 Wright Street, Omaha, Nebraska 68130 (the “Trust”), and NORTHERN LIGHTS DISTRIBUTORS, LLC, a Nebraska limited liability company having its principal office and place of business at 17605 Wright Street, Omaha, Nebraska 68130 (“NLD”).
November 21, 2012 AdvisorOne Funds Board of Trustees c/o Todd Clarke, Chairman of the Board 17605 Wright Street Omaha, NE 68130 Re: Advisory Fee Waivers Dear Mr. Clarke:Advisorone Funds • December 26th, 2012
In connection with that certain Interim Investment Advisory Agreement (the “Interim Agreement”) dated November 10, 2012 by and between CLS Investments, LLC (the “Adviser”) and the AdvisorOne Funds (the “Funds”), CLS has contractually agreed to waive a portion of its advisory fees for the benefit of the Funds. Effective November 10, 2012, the Adviser hereby agrees to contractually bind itself, to waive or limit its management fees and to reimburse expenses, other than expenses relating to dividends on short sales, interest expense, indirect fees and expenses of underlying funds, and extraordinary or non-recurring expenses, during the term of the Agreement, in the following amounts:
INTERIM INVESTMENT ADVISORY AGREEMENT Between ADVISORONE FUNDS and CLS INVESTMENTS, LLC THE ADVISORONE FUNDS INTERIM INVESTMENT ADVISORY AGREEMENTInterim Investment Advisory Agreement • December 26th, 2012 • Advisorone Funds • New York
AGREEMENT, made as of November 10, 2012 between AdvisorOne Funds, a Delaware business trust (the “Trust”), and CLS Investments, LLC, a Nebraska limited liability company (the “Adviser”).
