0001144204-14-010380 Sample Contracts

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • February 18th, 2014 • AdvisorShares Trust • Delaware

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT, effective as of February 13, 2014 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, as amended and restated as of August 9, 2013. AthenaInvest, Inc. joins this Agreement solely for purposes of Section 4.1 and any obligations arising thereunder.

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FORM OF FOURTEENTH AMENDMENT TO THE ADVISORSHARES™ ETF DISTRIBUTION AGREEMENT
Advisorshares™ Etf Distribution Agreement • February 18th, 2014 • AdvisorShares Trust

This Fourteenth 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 ______, 2014 (the “Effective Date”).

AMENDMENT TO ADVISORSHARES ADVISORY AGREEMENT
Advisorshares Advisory Agreement • February 18th, 2014 • 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 February 18, 2014 (the “Effective Date”).

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