ADVISORSHARES TRUST INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • December 16th, 2020 • AdvisorShares Trust • Delaware
AGREEMENT made as of the 25th day of November 2020 by and between AdvisorShares Investments, LLC (the “Adviser”), a Delaware limited liability company, and ChangePath, LLC (the “Sub-Adviser”), a Kansas limited liability company.
SUB-ADVISER EXPENSE LIMITATION AGREEMENTSub-Adviser Expense Limitation Agreement • December 16th, 2020 • AdvisorShares Trust
AGREEMENT effective as of December 10, 2020, by and between AdvisorShares Investments, LLC (the “Adviser”) and ThinkBetter, LLC (the “Sub-Adviser”), on behalf of each series of the Trust set forth in Schedule A attached hereto (each a “Fund” and, collectively, the “Funds”).
TWELFTH AMENDMENT TO ETF DISTRIBUTION AGREEMENTEtf Distribution Agreement • December 16th, 2020 • AdvisorShares Trust • Delaware
This twelfth amendment (the “Amendment”) to the ETF Distribution Agreement dated as of May 31, 2017, as novated, (the “Agreement”) by and between AdvisorShares Trust (the “Trust”) and Foreside Fund Services, LLC (“Foreside”) is entered into with an effective date of December 10, 2020 (the “Effective Date”).
ADVISORSHARES TRUST INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • December 16th, 2020 • AdvisorShares Trust • Delaware
AGREEMENT made as of the 10th day of December 2020 by and between AdvisorShares Investments, LLC (the “Adviser”), a Delaware limited liability company, and ThinkBetter, LLC (the “Sub-Adviser”), a Florida limited liability company.
SCHEDULE A as revised December 10, 2020 to the THIRD AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT dated September 8, 2017 between ADVISORSHARES TRUST and ADVISORSHARES INVESTMENTS, LLC MAXIMUM ANNUAL OPERATING EXPENSE LIMITSExpense Limitation Agreement • December 16th, 2020 • 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%.
