0001144204-12-036752 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • June 27th, 2012 • AdvisorShares Trust • Delaware

AGREEMENT (the “Agreement”) made as of this 5th day of June, 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, Maryland 20814 (the “Adviser”) and Pring Turner Capital Group, a California Corporation with its principal place of business at 1600 South Main Street, Suite #375, Walnut Creek, California, 94596 (the “Sub-Adviser”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • June 27th, 2012 • AdvisorShares Trust • Delaware

EXPENSE LIMITATION AGREEMENT, effective as of June 5, 2012 by and between ADVISORSHARES INVESTMENTS, LLC (the “Adviser”) and Pring Turner Capital Group (the “Sub-Adviser”) (the “Agreement”).

EXHIBIT A to the FUND ADMINISTRATION AND ACCOUNTING AGREEMENT Dated July 16, 2009, amended as of May 21, 2012
Fund Administration and Accounting Agreement • June 27th, 2012 • AdvisorShares Trust
AMENDMENT TO ADVISORSHARES ADVISORY AGREEMENT
Advisorshares Advisory Agreement • June 27th, 2012 • AdvisorShares Trust

This amendment (the “Amendment”) to the AdvisorShares Advisory Agreement dated June 2, 2009, by and between AdvisorShares Investments, LLC and AdvisorShares Trust (the “Trust”) (the “Agreement”) is effective as of May 21, 2012 (the “Effective Date”).

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