0001144204-13-004364 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • January 29th, 2013 • AdvisorShares Trust • Delaware

AGREEMENT (the “Agreement”) made as of this 11th day of January, 2013 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 Treesdale Partners, LLC, a Delaware limited liability company, with its principal place of business at 1325 Avenue of the Americas, Suite 2302, New York, NY 10019 (the “Sub-Adviser”).

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AMENDMENT TO ADVISORSHARES ADVISORY AGREEMENT
Advisorshares Advisory Agreement • January 29th, 2013 • 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 January 1, 2013 (the “Effective Date”).

EIGHTH AMENDMENT TO ADVISORSHARES ETF DISTRIBUTION AGREEMENT
Advisorshares Etf Distribution Agreement • January 29th, 2013 • AdvisorShares Trust

This Eighth Amendment (the “Amendment”) to the AdvisorShares Trust ETF Distribution Agreement (the “Agreement”) dated as of June 25, 2009, as amended from time to time, by and between AdvisorShares Trust, a Delaware statutory trust (the “Trust”) and Foreside Fund Services, LLC, a Delaware limited liability company (the “Distributor”) is entered into as of January 17, 2013 (the “Effective Date”).

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • January 29th, 2013 • AdvisorShares Trust • Delaware

EXPENSE LIMITATION AGREEMENT, effective as of January 11, 2013 by and between ADVISORSHARES INVESTMENTS, LLC (the “Adviser”) and TREESDALE PARTNERS, LLC (the “Sub-Adviser”) (the “Agreement”).

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