0001829126-21-013756 Sample Contracts

ADVISORSHARES TRUST INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • November 5th, 2021 • AdvisorShares Trust • Delaware

AGREEMENT made as of the 27th day of October 2021 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 CSM Advisors, LLC (the “Sub-Adviser”), a Delaware limited liability company with its principal place of business at 420 Fort Duquesne Blvd, One Gateway Center – Suite 800, Pittsburgh, PA 15222.

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SUB-ADVISER EXPENSE LIMITATION AGREEMENT
Sub-Adviser Expense Limitation Agreement • November 5th, 2021 • AdvisorShares Trust

AGREEMENT effective as of October 27th, 2021, by and between AdvisorShares Investments, LLC (the “Adviser”) and CSM Advisers, 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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