0001615774-17-004835 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • August 29th, 2017 • AdvisorShares Trust • Delaware

AGREEMENT made as of the 1st day of March 2017 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 Partnervest Advisory Services, LLC, a California limited liability company with its principal place of business at 1216 State Street, 3rd Floor, Santa Barbara, California 93101 (the “Sub-Adviser”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • August 29th, 2017 • AdvisorShares Trust

AGREEMENT, effective as of March 1, 2017, by and between AdvisorShares Investments, LLC (the “Adviser”) and Partnervest Advisory Services, LLC (the “Sub-Adviser”).

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