0001144204-12-034720 Sample Contracts

INTERIM INVESTMENT SUB-ADVISORY AGREEMENT
Interim Investment Sub-Advisory Agreement • June 14th, 2012 • AdvisorShares Trust • Delaware

AGREEMENT made as of this 21st day of May, 2012 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, MD, 20814 (the “Adviser”) and American Retirement Planners, Inc., a Nevada corporation with its principal place of business at 570 Hammill Lane, Reno, NV 89511 (the “Sub-Adviser”).

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INTERIM EXPENSE LIMITATION AGREEMENT
Interim Expense Limitation Agreement • June 14th, 2012 • AdvisorShares Trust

INTERIM EXPENSE LIMITATION AGREEMENT, effective as of June 2, 2012 by and between ADVISORSHARES INVESTMENTS, LLC (the "Adviser") and (the "Sub-Adviser") (the "Agreement"). American Retirement Planners, Inc., a Nevada corporation with its principal place of business at 570 Hammill Lane, Reno, NV 89511

Board of Trustees AdvisorShares Trust c/o AdvisorShares Suite 1330 Bethesda, Maryland 20814
Re: Agreement • June 14th, 2012 • AdvisorShares Trust

Re: Agreement and Plan of Reorganization, dated as of ____________, 2012 (the “Agreement”), between AdvisorShares Trust, a Delaware statutory trust (the “Trust”), on behalf of its series, the AdvisorShares Meidell Tactical Advantage ETF (the “Acquiring Fund”) and the AdvisorShares Dent Tactical ETF (the “Acquired Fund”) and AdvisorShares Investments, LLC (the “Advisor”) (for purposes of Section 10 of the Agreement only)

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