0000910472-13-004518 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between GBSP Fund Limited and ADVISORS PREFERRED LLC
Investment Advisory Agreement • October 31st, 2013 • Advisors Preferred Trust • Maryland

AGREEMENT, made as of October 23rd, 2013 between GBSP Fund Limited, an exempt, Cayman Islands Corporation of Limited Liability (the “Fund”) , and Advisors Preferred LLC, a Maryland limited liability company (the "Adviser") located at 1445 Research Blvd, Suite 530, Rockville, MD 20850.

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SUBADVISORY AGREEMENT
Subadvisory Agreement • October 31st, 2013 • Advisors Preferred Trust • Delaware

THIS AGREEMENT is made and entered into as of the 23rd day of October, 2013, by and between Advisors Preferred, LLC (the "Adviser"), a Maryland limited liability company registered under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and Flexible Plan Investments, Ltd., a Michigan corporation (the "Subadviser") (the Adviser and the Subadviser, collectively, the "Parties") and also registered under the Advisers Act, with respect to The Gold Bullion Strategy Portfolio (the "Fund"), a series of the ADVISORS PREFERRED TRUST, a Delaware statutory trust (the "Trust").

THIRD AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • October 31st, 2013 • Advisors Preferred Trust

THIS THIRD AMENDMENT dated as of October 5, 2013, to the Custody Agreement, originally made and entered into as of January 4, 2013, (the "Agreement"), is entered into by and between ADVISORS PREFERRED TRUST, a Delaware statutory trust, (the "Trust") and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the "Custodian").

SUBADVISORY AGREEMENT
Subadvisory Agreement • October 31st, 2013 • Advisors Preferred Trust • Delaware

THIS AGREEMENT is made and entered into as of the 22nd day of October, 2013, by and between Advisors Preferred, LLC (the "Adviser"), a Maryland limited liability company registered under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and Flexible Plan Investments, Ltd., a Michigan corporation (the "Subadviser") (the Adviser and the Subadviser, collectively, the "Parties") and also registered under the Advisers Act, with respect to GBSP Fund Limited (the "Fund"), a series of the ADVISORS PREFERRED TRUST, a Delaware statutory trust (the "Trust").

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