0001615774-19-005745 Sample Contracts

AMENDMENT NO. 7 TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 15th, 2019 • AdvisorShares Trust

AMENDMENT is made as of the 21st day of February 2019 to the Investment Advisory Agreement dated February 5, 2018, as amended (the “Agreement”), by and between AdvisorShares Trust (the “Trust”) and AdvisorShares Investments, LLC (the “Adviser”).

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AMENDMENT NO. 8 TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 15th, 2019 • AdvisorShares Trust

AMENDMENT is made as of the 1st day of April 2019 to the Investment Advisory Agreement dated February 5, 2018, as amended (the “Agreement”), by and between AdvisorShares Trust (the “Trust”) and AdvisorShares Investments, LLC (the “Adviser”).

SCHEDULE A as revised April 12, 2019 to the THIRD AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT dated September 8, 2017 between ADVISORSHARES TRUST and ADVISORSHARES INVESTMENTS, LLC MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
Expense Limitation Agreement • April 15th, 2019 • AdvisorShares Trust

* The Maximum Annual Operating Expense Limit is equal to the annual rate of the Adviser’s contractual advisory fee, which can range from 0.65% to 0.85%.

EIGHTH AMENDMENT TO ETF DISTRIBUTION AGREEMENT
Etf Distribution Agreement • April 15th, 2019 • AdvisorShares Trust • Delaware

This eighth amendment (this “Amendment”) to the ETF Distribution Agreement dated as of May 31, 2017 as Novated (the “Agreement”), is entered into on April 9, 2019 (the “Execution Date”) by and between AdvisorShares Trust (the “Trust”) and Foreside Fund Services, LLC (“Foreside”), with an effective date of April 1, 2019 (the “Effective Date”).

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