0000910472-13-001854 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between ADVISORS PREFERRED TRUST and ADVISORS PREFERRED LLC
Investment Advisory Agreement • May 14th, 2013 • Advisors Preferred Trust • Maryland

AGREEMENT, made as of November 27, 2012 between Advisors Preferred Trust, a Delaware statutory trust (the "Trust"), and Advisors Preferred LLC, a Maryland limited liability company (the "Adviser") located at 1445 Research Blvd, Suite 530, Rockville, MD 20850.

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CUSTODY AGREEMENT
Custody Agreement • May 14th, 2013 • Advisors Preferred Trust • Minnesota

THIS AGREEMENT is made and entered into as of this 4th day of January, 2013, by and between ADVISORS PREFERRED TRUST, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America (the “Custodian”).

INVESTMENT ADVISORY AGREEMENT Between GBSF Fund Limited and ADVISORS PREFERRED LLC
Investment Advisory Agreement • May 14th, 2013 • Advisors Preferred Trust • Maryland

AGREEMENT, made as of May 13, 2013 between GBSF Fund Limited, an Exempted Company incorporated in the Cayman Islands with Limited Liability (the "Fund"), and Advisors Preferred LLC, a Maryland limited liability company (the "Adviser") located at 1445 Research Blvd, Suite 530, Rockville, MD 20850.

SUBADVISORY AGREEMENT
Subadvisory Agreement • May 14th, 2013 • Advisors Preferred Trust • Maryland

THIS "AGREEMENT" is made and entered into as of the 13th day of May, 2013, by and between Advisors Preferred, LLC (the "Adviser"), a Maryland limited liability company registered under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and Flexible Plan Investments, Ltd., a Michigan corporation (the "Subadviser") (the Adviser and the Subadviser, collectively, the "Parties") and also registered under the Advisers Act, with respect to The Gold Bullion Strategy Fund (the "Fund"), a series of the ADVISORS PREFERRED TRUST, a Delaware statutory trust (the "Trust").

CEROS FINANCIAL SERVICES INC. DISTRIBUTION AGREEMENT May 13, 2013
Distribution Agreement • May 14th, 2013 • Advisors Preferred Trust • Maryland

THIS AGREEMENT is by and between Advisors Preferred Trust, a Delaware statutory trust (the "Trust") with respect to each series of the Trust listed on the Appendix below (each a "Fund" and together the "Funds"), and Ceros Financial Services Inc. ("Ceros"), a corporation organized and existing under the laws of the Commonwealth of Massachusetts (the "Distributor").

SUBADVISORY AGREEMENT
Subadvisory Agreement • May 14th, 2013 • Advisors Preferred Trust • Maryland

THIS "AGREEMENT" is made and entered into as of the 13th day of May, 2013, by and between Advisors Preferred, LLC (the "Adviser"), a Maryland limited liability company registered under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and Flexible Plan Investments, Ltd., a Michigan corporation (the "Subadviser") (the Adviser and the Subadviser, collectively, the "Parties") and also registered under the Advisers Act, with respect to GBSF Fund Limited, an Exempted Company incorporated in the Cayman Islands with Limited Liability (the "Fund").

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