0001580642-19-003743 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Between ADVISORS PREFERRED TRUST and ADVISORS PREFERRED LLC
Investment Advisory Agreement • August 19th, 2019 • Advisors Preferred Trust • Maryland

AGREEMENT, effective as of August 1, 2019 or such later date indicated in Appendix A with respect to individual funds, between Advisors Preferred Trust, a Delaware statutory trust (the "Trust"), 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 • August 19th, 2019 • Advisors Preferred Trust • Maryland

THIS "AGREEMENT" is made and entered into with effect as of the 1st day of August, 2019 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 each of the series of the ADVISORS PREFERRED TRUST, a Delaware statutory trust (the "Trust"), listed hereto on Appendix A (each a “Fund” and together the “Funds”.

TWELFTH AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • August 19th, 2019 • Advisors Preferred Trust

THIS TWELFTH AMENDMENT, effective as of August 19, 2019, to the Custody Agreement, originally made and entered into as of January 4, 2013, as amended May 16, 2013 July 24, 2013, October 5, 2013, October 29, 2013, April 10, 2014, November 18, 2014, February 17, 2015, October 28, 2015, August 1, 2016, February 19, 2019, March 28, 2019, and August 12, 2019 (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").

SHAREHOLDER SERVICES AGREEMENT
Shareholder Services Agreement • August 19th, 2019 • Advisors Preferred Trust • Delaware

This Shareholder Services Agreement (the "Agreement") is made as of October 29, 2013, by and between ADVISORS PREFERRED TRUST (the “Trust”), a Delaware business trust registered as a management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), on behalf of the funds listed on Schedule B hereto as amended from time to time (the "Funds"; and each a "Fund"), CEROS FINANCIAL SERVICES, INC., principal underwriter to the Trust and the Funds (the “Distributor”), and FLEXIBLE PLAN INVESTMENTS, LTD (the “Authorized Service Provider”) solely for the purpose of providing administrative services, as provided below. This Agreement replaces and supersedes the Shareholder Services Agreement executed between Flexible Plan Investments, Ltd., and Ceros Financial Services, Inc., which is herewith terminated.

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