INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • November 30th, 2011 • AdvisorShares Trust • Delaware
AGREEMENT (the “Agreement”) made as of this __ day of November, 2011 by and between AdvisorShares Investments, LLC, a Delaware limited liability company with its principal place of business at 2 Bethesda Metro Center, Suite 1330, Bethesda, Maryland 20814 (the “Adviser”) and Commerce Asset Management, LLC, a [Delaware] limited liability company with its principal place of business at 6075 Poplar Ave., Suite 723, Memphis, Tennessee 38119 (the “Sub-Adviser”).
EXPENSE LIMITATION AGREEMENTExpense Limitation Agreement • November 30th, 2011 • AdvisorShares Trust
EXPENSE LIMITATION AGREEMENT, effective as of November __, 2011 by and between ADVISORSHARES INVESTMENTS, LLC (the “Adviser”) and COMMERCE ASSET MANAGEMENT, LLC (the “Sub-Adviser”) (the “Agreement”).
