0001144204-13-049217 Sample Contracts

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • September 4th, 2013 • AdvisorShares Trust • Delaware

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT, effective as of August 9, 2013 by and between ADVISORSHARES INVESTMENTS, LLC (the “Adviser”) and ATHENAINVEST ADVISORS, LLC (the “Sub-Adviser”) (the “Agreement”). This Agreement amends and restates the Expense Limitation Agreement dated July 1, 2013. AthenaInvest, Inc. joins this Agreement solely for purposes of Section 4.1 and any obligations arising thereunder.

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SCHEDULE A amended as of August 29, 2013 to the EXPENSE LIMITATION AGREEMENT dated January 11, 2013
Expense Limitation Agreement • September 4th, 2013 • AdvisorShares Trust
ELEVENTH AMENDMENT TO ADVISORSHARES ETF DISTRIBUTION AGREEMENT
Advisorshares Etf Distribution Agreement • September 4th, 2013 • AdvisorShares Trust

This Eleventh 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 September 4, 2013 (the “Effective Date”).

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