0001615774-17-005962 Sample Contracts

INTERIM INVESTMENT SUB-ADVISORY AGREEMENT
Interim Investment Sub-Advisory Agreement • October 27th, 2017 • AdvisorShares Trust • Delaware

AGREEMENT made as of the 8th day of September 2017 by and between AdvisorShares Investments, LLC (the “Adviser”), a Delaware limited liability company with its principal place of business at 4800 Montgomery Lane, Suite 150, Bethesda, Maryland 20814, and Partnervest Advisory Services, LLC (the “Sub-Adviser”), a California limited liability company with its principal place of business at 1216 State Street, 3rd Floor, Santa Barbara, California 93101.

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INTERIM INVESTMENT ADVISORY AGREEMENT
Interim Investment Advisory Agreement • October 27th, 2017 • AdvisorShares Trust • Delaware

AGREEMENT made as of the 8th day of September 2017 by and between AdvisorShares Trust (the “Trust”), a Delaware statutory trust registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and AdvisorShares Investments, LLC (the “Adviser”), a Delaware limited liability company with its principal place of business at 4800 Montgomery Lane, Suite 150, Bethesda, Maryland 20814.

THIRD AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • October 27th, 2017 • AdvisorShares Trust

AGREEMENT effective as of September 8, 2017, by and between AdvisorShares Trust (the “Trust”) and AdvisorShares Investments (the “Adviser”), on behalf of each series of the Trust set forth in Schedule A attached hereto (each a “Fund” and, collectively, the “Funds”).

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