0001144204-13-068441 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • December 20th, 2013 • AdvisorShares Trust • Delaware

AGREEMENT (the “Agreement”) made as of this 19th day of December, 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 Sunrise Capital Partners, LLC, a California limited liability company with its principal place of business at 12544 High Bluff Drive, Suite 400, San Diego, CA 92130 (the “Sub-Adviser”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • December 20th, 2013 • AdvisorShares Trust • Delaware

EXPENSE LIMITATION AGREEMENT, effective as of December 19th, 2013 by and between ADVISORSHARES INVESTMENTS, LLC (the “Adviser”) and Sunrise Capital Partners, LLC (the “Sub-Adviser”) (the “Agreement”).

AMENDMENT TO ADVISORSHARES ADVISORY AGREEMENT
Advisorshares Advisory Agreement • December 20th, 2013 • AdvisorShares Trust

This amendment (the “Amendment”) to the AdvisorShares Advisory Agreement dated June 2, 2009, by and between AdvisorShares Investments, LLC (the “Adviser”) and AdvisorShares Trust (the “Trust”) (the “Agreement”) is effective as of December 20, 2013 (the “Effective Date”).

THIRTEENTH AMENDMENT TO ADVISORSHARES™ ETF DISTRIBUTION AGREEMENT
Etf Distribution Agreement • December 20th, 2013 • AdvisorShares Trust

This Thirteenth 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 December 23, 2013 (the "Effective Date").

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