ACTIVESHARES® ETFs FORM OF AP REPRESENTATIVE CONFIDENTIALITY & UNDERTAKINGS AGREEMENTAp Representative Confidentiality Agreement • December 11th, 2020 • AdvisorShares Trust • New York
This AP Representative Confidentiality Agreement (this “Agreement”) is entered into by and among __________________ (“AP Representative”), ______________ (“Clearing Broker”), as clearing broker for the AP Representative, and AdvisorShares Trust (the “Trust”), an open-end management investment company registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), on behalf of each of its separate series that is operating pursuant to the ActiveShares methodology licensed from Precidian Investments, LLC (each, a “Fund” and collectively, the “Funds”) which are listed on Exhibit A hereto, as amended by the Trust, from time to time, to reflect newly-launched Funds. Capitalized terms used herein and not otherwise defined have the meaning assigned to them in Section 6 of this Agreement.
