FORM OF TWENTIETH AMENDMENT TO ADVISORSHARES® ETF DISTRIBUTION AGREEMENT

Exhibit E21

FORM OF TWENTIETH AMENDMENT TO

ADVISORSHARES^® ETF DISTRIBUTION AGREEMENT

This twentieth 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 October ___, 2016 (the “Effective Date”). 

WHEREAS, the Trust and Distributor desire to amend the list of Funds as set forth in Exhibit A of the Agreement, specifically to remove certain Funds, which are now closed and include: EquityPro ETF and YieldPro ETF; and

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 to remove certain Funds, which are now closed and include: EquityPro ETF and YieldPro ETF; and

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
By:			By:
	Xxx Xxxxxx, Secretary and Treasurer			Xxxx Xxxxxxxxx, Vice President

APPENDIX A

Exhibit A

List of Funds

AdvisorShares®	Athena High Dividend ETF
AdvisorShares®	Xxxxxxx Gold/Euro ETF
AdvisorShares®	Xxxxxxx Gold/Yen ETF
AdvisorShares®	Global Echo ETF
AdvisorShares®	Madrona Domestic ETF
AdvisorShares®	Madrona Global Bond ETF
AdvisorShares®	Madrona International ETF
AdvisorShares®	Xxxxxxx Tactical Advantage ETF
AdvisorShares®	Xxxxxx Creek Global Tactical ETF
AdvisorShares®	Newfleet Multi-Sector Income ETF
AdvisorShares®	Pacific Asset Enhanced Floating Rate ETF
AdvisorShares®	Peritus High Yield ETF
AdvisorShares®	QAM Equity Hedge ETF
AdvisorShares®	Ranger Equity Bear ETF
AdvisorShares®	Sage Core Reserves ETF
AdvisorShares®	STAR Global Buy-Write ETF
AdvisorShares®	Market Adaptive Unconstrained Income ETF
AdvisorShares®	Treesdale Rising Rates ETF
AdvisorShares®	Wilshire Buyback ETF
AdvisorShares®	Xxxxxx Xxxxxx ADR ETF
AdvisorShares®	Cornerstone Small Cap ETF
AdvisorShares®	XXX Korea Equity ETF
AdvisorShares®	Focused Equity ETF

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