SCHEDULE A as last revised July 1, 2013 to the SECOND AMENDED AND RESTATED EXPENSE LIMITATIONS AGREEMENT dated November 21, 2011 between ADVISORSHARES TRUST AND ADVISORSHARES INVESTMENTS, LLC MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
SCHEDULE A
as last revised July 1, 2013
to the
SECOND AMENDED AND RESTATED EXPENSE LIMITATIONS AGREEMENT
dated November 21, 2011
between
AND ADVISORSHARES INVESTMENTS, LLC
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Funds of the Trust:
| Name of Fund | Maximum Annual Operating Expense Limit | |||
| WCM/BNY Mellon Focused Growth ADR ETF | 1.25 | % | ||
| Accuvest Global Long Short ETF | 1.50 | % | ||
| Peritus High Yield ETF | 1.35 | % | ||
| Cambria Global Tactical ETF | 1.25 | % | ||
| Ranger Equity Bear ETF | 1.85 | % | ||
| Madrona Domestic ETF | 1.25 | % | ||
| Madrona International ETF | 1.25 | % | ||
| Madrona Global Bond ETF | 0.95 | % | ||
| Xxxxxxx Tactical Advantage ETF | 1.35 | % | ||
| TrimTabs Float Shrink ETF | 0.99 | % | ||
| Accuvest Global Opportunities ETF | 1.25 | % | ||
| STAR Global Buy-Write ETF | 1.85 | % | ||
| Global Echo ETF | 1.10 | % | ||
| QAM Equity Hedge ETF | 1.50 | % | ||
| Global Alpha & Beta ETF | 1.25 | % | ||
| Pring Xxxxxx Business Cycle ETF | 1.49 | % | ||
| Newfleet Multi-Sector Income ETF | 0.75 | % | ||
| Recon Capital Alternative Income ETF | 1.50 | % | ||
| International Gold ETF | 0.95 | % | ||
| Xxxxxxx Gold/Yen ETF | 0.65 | % | ||
| Xxxxxxx Gold/Euro ETF | 0.65 | % | ||
| Xxxxxxx Gold/British Pound ETF | 0.65 | % | ||
| Athena International Bear ETF | 1.50 | % | ||
| Sage Core Reserves ETF | 0.35 | % | ||
| Treesdale Rising Rates ETF | 1.25 | % | ||
| Sunrise Multi-Asset Hedged ETF | 1.75 | % | ||
New funds and/or revised operating expense limits appear in bold.
