0001144204-11-027848 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • May 11th, 2011 • AdvisorShares Trust • Delaware

AGREEMENT made as of this 9th day of May, 2011 by and between AdvisorShares Investments, LLC, a Delaware company with its principal place of business at 3 Bethesda Metro Center, Suite 700, Bethesda MD, 20814 (the “Adviser”) and Trim Tabs Asset Management, LLC, a Delaware limited liability company with its principal place of business at 2018 Stony Oak Court, Santa Rosa, CA 95403 (the “Sub-Adviser”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • May 11th, 2011 • AdvisorShares Trust

EXPENSE LIMITATION AGREEMENT, effective as of May 9, 2011 by and between ADVISORSHARES INVESTMENTS, LLC (the "Adviser") and TRIM TABS ASSET MANAGEMENT, LLC (the "Sub-Adviser") (the "Agreement").

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