0001829126-22-007011 Sample Contracts

ADVISORSHARES TRUST INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 30th, 2022 • AdvisorShares Trust • Delaware

AGREEMENT made as of the 16th day of February 2022 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 Morgan Creek Capital Management, LLC(the “Sub-Adviser”), a North Carolina limited liability company with its principal place of business at 301 W. Barbee Chapel Road, Suite 200, Chapel Hill, NC 27517.

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SUB-ADVISER EXPENSE LIMITATION AGREEMENT
Sub-Adviser Expense Limitation Agreement • March 30th, 2022 • AdvisorShares Trust

AGREEMENT effective as of February 16, 2022, by and between AdvisorShares Investments, LLC (the “Adviser”) and Morgan Creek Capital Management, 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”).

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