0001144204-16-093761 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • April 12th, 2016 • AdvisorShares Trust • Delaware

AGREEMENT (the “Agreement”) made as of this 9th day of March, 2016 by and between AdvisorShares Investments, LLC, a Delaware limited liability company with its principal place of business at 4800 Montgomery Lane, Suite 150, Bethesda, Maryland 20814 (the “Adviser”) and Cornerstone Investment Partners, LLC, a Georgia limited liability company with its principal place of business at 3438 Peachtree Road NE, Suite 900, Atlanta, Georgia 30326 (the “Sub-Adviser”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 12th, 2016 • AdvisorShares Trust • Delaware

EXPENSE LIMITATION AGREEMENT, effective as of March 9, 2016 by and between ADVISORSHARES INVESTMENTS, LLC (the “Adviser”) and Cornerstone Investment Partners, LLC (the “Sub-Adviser”) (the “Agreement”).

SIXTEENTH AMENDMENT TO ADVISORSHARES®ETF DISTRIBUTION AGREEMENT
Advisorshares® Etf Distribution Agreement • April 12th, 2016 • AdvisorShares Trust

This sixteenth 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 April 11, 2016 (the “Effective Date”).

AMENDMENT TO ADVISORSHARES ADVISORY AGREEMENT
Advisory Agreement • April 12th, 2016 • AdvisorShares Trust

THIS AMENDMENT is made as of the 11th day of April 2016 to the Advisory Agreement dated June 2, 2009 (the “Agreement”) by and between AdvisorShares Investments, LLC (the “Adviser”) and AdvisorShares Trust (the “Trust”).

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