0001580642-19-004850 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between GBSF Fund Limited and ADVISORS PREFERRED LLC
Investment Advisory Agreement • October 28th, 2019 • Advisors Preferred Trust • Maryland

AGREEMENT, made as of August 2, 2019 between GBSF Fund Limited, an Exempted Company incorporated in the Cayman Islands with Limited Liability (the "Fund"), and Advisors Preferred LLC, a Maryland limited liability company (the "Adviser") located at 1445 Research Blvd, Suite 530, Rockville, MD 20850.

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INVESTMENT SUB-ADVISORY AGREEMENT SUBADVISORY AGREEMENT
Investment Sub-Advisory Agreement • October 28th, 2019 • Advisors Preferred Trust • Delaware

THIS AGREEMENT is made and entered into as of the 1st day of August, 2019, by and between Advisors Preferred, LLC (the "Adviser"), a Maryland limited liability company registered under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and Price Capital Management, Inc., a corporation domiciled in the state of Louisiana (the "Subadviser") (the Adviser and the Subadviser, collectively, the "Parties") and also registered under the Advisers Act, with respect to OnTrack Core Fund (the "Fund"), a series of the ADVISORS PREFERRED TRUST, a Delaware statutory trust (the "Trust").

AMENDMENT TO SPECIAL CUSTODY AGREEMENT PURSUANT TO RULE 17f-1
Special Custody Agreement • October 28th, 2019 • Advisors Preferred Trust

THIS AMENDMENT TO SPECIAL CUSTODY AGREEMENT PURSUANT TO RULE 17f-1, (this "Amendment") is made by and among ADVISORS PREFERRED TRUST, an investment company registered with the U.S. Securities and Exchange Commission ("Principal"); CEROS FINANCIAL SERVICES, INC., a registered broker-dealer and member of FINRA/SIPC ("Broker"); and NATIONAL FINANCIAL SERVICES LLC, a registered broker-dealer and member of FINRA/SIPC ("Clearing Firm"), and shall have an effective date as of the last date of execution of this Amendment set forth below.

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