0001144204-14-022050 Sample Contracts

FORM OF INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • April 11th, 2014 • AdvisorShares Trust • Delaware

AGREEMENT (the “Agreement”) made as of this __ day of [Month], [2014] 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 Pacific Life Fund Advisors LLC, d/b/a PACIFIC ASSET MANAGEMENT, [a Delaware limited liability company with its principal place of business at 700 Newport Center Drive, Newport Beach, CA 92660( “Pacific Asset Management” or the “Sub-Adviser”).

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FOURTEENTH AMENDMENT TO ADVISORSHARES™ ETF DISTRIBUTION AGREEMENT
Etf Distribution Agreement • April 11th, 2014 • AdvisorShares Trust

This Fourteenth Amendment (the “Amendment”) to the AdvisorShares™ Trust ETF Distribution Agreement (the “Agreement”) dated as of June 25, 2009, as amended from time to time, by and between AdvisorShares™ Trust, a Delaware statutory trust (the “Trust”) and Foreside Fund Services, LLC, a Delaware limited liability company (the “Distributor”) is entered into as of March 24, 2014(the “Effective Date”).

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