INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • October 31st, 2011 • AdvisorShares Trust • Delaware
AGREEMENT made as of this 28th day of October, 2011 by and between AdvisorShares Investments, LLC, a Delaware limited liability company with its principal place of business at 2 Bethesda Metro Center, Suite 1330, Bethesda, Maryland 20814 (the “Adviser”) and Partnervest Advisory Services, LLC, a California limited liability company with its principal place of business at 1216 State Street, 3rd Floor, Santa Barbara, California 93101 (the “Sub-Adviser”).
EXPENSE LIMITATION AGREEMENTExpense Limitation Agreement • October 31st, 2011 • AdvisorShares Trust
EXPENSE LIMITATION AGREEMENT, effective as of October 28, 2011 by and between ADVISORSHARES INVESTMENTS, LLC (the "Adviser") and PARTNERVEST ADVISORY SERVICES, LLC (the "Sub-Adviser") (the "Agreement").
SCHEDULE A to the EXPENSE LIMITATIONS AGREEMENT dated June 2, 2009, amended as of August 30, 2011 between ADVISORSHARES TRUST AND ADVISORSHARES INVESTMENTS, LLC MAXIMUM ANNUAL OPERATING EXPENSE LIMITSExpense Limitations Agreement • October 31st, 2011 • AdvisorShares Trust
Name of Fund Maximum Annual Operating Expense Limit Dent Tactical ETF 1.50% WCM / BNY Mellon Focused Growth ADR ETF 1.25% Mars Hill Global Relative Value ETF 1.50% Peritus High Yield ETF 1.35% Cambria Global Tactical ETF 0.99% Active Bear ETF 1.75% Madrona Domestic ETF 1.25% Madrona International ETF 1.25% Madrona Global Bond ETF 0.95% Meidell Tactical Advantage ETF 1.35% TrimTabs Float Shrink ETF 1.40% Rockledge SectorSAM ETF 1.50% Accuvest Global Opportunities ETF 1.25% Star Global Buy-Write ETF 1.85%
SCHEDULE A to the ADVISORY AGREEMENT dated June 2, 2009, amended as of August 30, 2011 between ADVISORSHARES TRUST and ADVISORSHARES INVESTMENTS, LLCAdvisory Agreement • October 31st, 2011 • AdvisorShares Trust
The Trust will pay to the Adviser as compensation for the Adviser’s services rendered, a fee, computed daily at an annual rate based on the average daily net assets of the respective Fund in accordance the following fee schedule:
