TENTH AMENDMENT TO ADVISORSHARES ETF DISTRIBUTION AGREEMENT

 Exhibit (e)(5)

TENTH AMENDMENT TO ADVISORSHARES ETF
DISTRIBUTION AGREEMENT

This tenth Amendment (the "Amendment") to the AdvisorShares Trust ETF Distribution Agreement (the "Agreement") dated as of June 25, 2009, as amended from time to time, by and between AdvisorShares Trust, a Delaware statutory trust (the "Trust") and Foreside Fund Services, LLC, a Delaware limited liability company (the "Distributor") is entered into as of August 12, 2013 (the "Effective Date").

WHEREAS, the Trust and Distributor desire to update Exhibit A of the Agreement to add Sage Core Reserves ETF; and remove Rockledge SectorSam ETF;

WHEREAS, pursuant to Section 8(b) of the Agreement all amendments are required to be in writing and signed by the parties;

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

I. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Agreement.

II. Exhibit A to the Agreement is hereby amended and restated as provided on Appendix A attached hereto.

III. All other terms and conditions of the Agreement remain in effect and are hereby incorporated herein by reference.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names and on their behalf by and through their duly authorized officers, as of the Effective Date.

ADVISORSHARES TRUST		FORESIDE FUND SERVICES, LLC
/s/Xxx Xxxxxx		/s/Xxxx Xxxxxxxxx
Name: Xxx Xxxxxx		Name: Xxxx Xxxxxxxxx
Title: Secretary and Treasurer		Title: President

Appendix A

EXHIBIT A

Effective Date: August 12, 2013

WCM/BNY MELLON FOCUSED GROWTH ADR ETF

ACCUVEST GLOBAL LONG SHORT ETF

(formerly known as Mars Hill Global Relative Value ETF)

PERITUS HIGH YIELD ETF

CAMBRIA GLOBAL TACTICAL ETF

RANGER EQUITY BEAR ETF

MADRONA DOMESTIC ETF

MADRONA INTERNATIONAL ETF

MADRONA GLOBAL BOND ETF

XXXXXXX TACTICAL ETF

TRIMTABS FLOAT SHRINK ETF

ACCUVEST GLOBAL OPPORTUNITIES ETF

STAR GLOBAL BUY-WRITE ETF

QAM EQUITY HEDGE ETF

GLOBAL ECHO ETF

GLOBAL ALPHA & BETA ETF

PRING XXXXXX BUSINESS CYCLE ETF

NEWFLEET MULTI-SECTOR INCOME ETF

ATHENA INTERNATIONAL BEAR ETF

SAGE CORE RESERVES ETF