Common use of Corporate Action & Manual Pricing Services Clause in Contracts

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign Equity Security per Month § $1.00 per Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) § $1 per security per month Factor Services (if needed, security pay down factor data) § $2.00 per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee § CCO support annual fee $3,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO Out-Of-Pocket Expenses Including but not limited to, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing, tax and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and conversion expenses (if necessary).

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign Equity Security per Month § $1.00 per Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) § $1 per security per month Factor Services (if needed, security pay down factor data) § $2.00 per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee § CCO support annual fee $3,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO Out-Of-Pocket Expenses Including but not limited to, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing, tax and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and conversion expenses (if necessary).. 1 Subject to annual CPI increase - All Urban Consumers - U.S. City Average. Fees are calculated pro rata and billed monthly. Exhibit B (continued) to the Fund Accounting Servicing Agreement – Recon Capital Series Trust – Fee Schedule at ______________, 2016 OPTIONAL Supplemental Services for Fund Accounting, Fund Administration & Portfolio Compliance (provided by USBFS upon client request)

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign Equity Security per Month § $1.00 per Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) § $1 per security per month Factor Services (if needed, security pay down paydown factor data) § $2.00 per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee § CCO support annual fee $3,000 2,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO Out-Of-Pocket Expenses Including but not limited to, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and conversion expenses (if necessary)necessary 1 Subject to annual CPI increase - All Urban Consumers - U.S. City Average. Fees are calculated pro rata and billed monthly.

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign __/Foreign Equity Security per Month for Corporate Action Service § $1.00 per Domestic __/Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) Corporate Action Service § $1 per security per month Factor __Month Manual Security Pricing (>10/day) Fair Value Services (if needed, security pay down factor data) Charged at the Complex Level)** § $2.00 per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee __on the First __ Securities § CCO support annual fee $3,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes __on the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing Balance of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas Securities NOTE: the CCO Support team does NOT serve as the Fund CCO Prices above are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Out-Of-Pocket Expenses Including but not limited toto intraday indicative value (IIV) agent fees, corporate action services, fair value pricing services, factor services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationarystationery, programmingprogramming and development, web maintenance and data feeds, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee directors meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring telephone toll-free lines, service/data conversion, special reports, record retention, disaster recovery charges, NSCC activity charges, data communication and implementation charges, postage/stationary charges, reverse stock splits, tender offers, travel, and conversion expenses (if necessary).. Additional Services Available but not included above are the following services – annual legal administration (e.g., subsequent new fund launch), daily compliance testing (Cxxxxxx River), Section 15(c) reporting, performance reporting, non-standard intraday indicative value (IIV) calculation, customized benchmarking, and additional services mutually agreed upon. * Subject to annual CPI increase, Milwaukee MSA. ** Per security per fund per pricing day. Fees are billed monthly. Amended Exhibit B to the Fund Accounting Servicing Agreement – FactorShares Trust - ISE Cyber Security ETF – October, 2014 Base Fee (1) for Accounting, Administration, Transfer Agent & Account Services- The following reflects the greater of the basis point fee or minimum per fund- Accounting, Administration and Transfer Agent Basis Points on AUM per Fund Year 1 Year 2 First $250m Next $250m Next $500m Balance $__ $__ __ __ __ __ Note: MLP Funds pricing may vary from the above annual fees and are TBD per investment strategy The Following Services and Associated Fees are in Addition to the Base Fee- Pricing Services § $__- Domestic Equities, Options, ADRs § $__– Foreign Equities § $__– Domestic Corporate/Convertible/Gov’t/Agency Bonds, Futures, Forwards, Currency Rates, Mortgage Backed Securities § $__- CMOs, Municipal Bonds, Money Market Instruments, Foreign Corporate/Convertible/Gov’t/Agency Bonds, Asset Backed Securities, High Yield Bonds § $__- Bank Loans § $__- Credit Default Swaps § $__- Swaptions, Index Swaps § $__- Interest Rate Swaps, Foreign Currency Swaps, Total Return Swaps, Total Return Bullet Swaps

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign Equity Security per Month § $1.00 per Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) § $1 per security per month Factor Services (if needed, security pay down factor data) § $2.00 per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee § CCO support annual fee $3,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO Out-Of-Pocket Expenses Including but not limited to, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing, tax and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and conversion expenses (if necessary). 1 Subject to annual CPI increase - All Urban Consumers - U.S. City Average; Fees are calculated pro rata and billed monthly.

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign Equity Security per Month § $1.00 per Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) § $1 per security per month Factor Services (if needed, security pay down paydown factor data) § $2.00 per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee § CCO support annual fee $3,000 2,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO Out-Of-Pocket Expenses Including but not limited to, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and conversion expenses (if necessarynecessary 1 Subject to annual CPI increase - All Urban Consumers - U.S. City Average. Fees are calculated pro rata and billed monthly Exhibit C (continued) to the Fund Administration Servicing Agreement OPTIONAL Supplemental Services for Fund Accounting, Fund Administration & Portfolio Compliance (provided by USBFS upon client request).

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign Equity Security per Month § $1.00 per Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) § $1 per security per month Factor Services (if needed, security pay down paydown factor data) § $2.00 per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee § CCO support annual fee $3,000 2,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO Out-Of-Pocket Expenses Including but not limited to, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and conversion expenses (if necessarynecessary 1 Subject to annual CPI increase - All Urban Consumers - U.S. City Average. Fees are calculated pro rata and billed monthly. Exhibit B (continued) to the Fund Accounting Servicing Agreement OPTIONAL Supplemental Services for Fund Accounting, Fund Administration & Portfolio Compliance (provided by USBFS upon client request).

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign __/Foreign Equity Security per Month for Corporate Action Service § $1.00 per Domestic __/Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) Corporate Action Service § $1 per security per month Factor __/Month Manual Security Pricing (>10/day) Fair Value Services (if needed, security pay down factor data) Charged at the Complex Level)** § $2.00 per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee __on the First __ Securities § CCO support annual fee $3,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes __on the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing Balance of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas Securities NOTE: the CCO Support team does NOT serve as the Fund CCO Prices above are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Out-Of-Pocket Expenses Including but not limited toto intraday indicative value (IIV) agent fees, corporate action services, fair value pricing services, factor services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationarystationery, programmingprogramming and development, web maintenance and data feeds, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee directors meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring telephone toll-free lines, service/data conversion, special reports, record retention, disaster recovery charges, NSCC activity charges, data communication and implementation charges, postage/stationary charges, reverse stock splits, tender offers, travel, and conversion expenses (if necessary).. Additional Services Available but not included above are the following services – annual legal administration (e.g., subsequent new fund launch), daily compliance testing (Cxxxxxx River), Section 15(c) reporting, performance reporting, non-standard intraday indicative value (IIV) calculation, customized benchmarking, and additional services mutually agreed upon. * Subject to annual CPI increase, Milwaukee MSA. ** Per security per fund per pricing day. Fees are billed monthly. 10/2014 Amended Exhibit C (continued) to the Fund Administration Servicing Agreement -FactorShares Trust - PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF FUND ADMINISTRATION & COMPLIANCE PORTFOLIO SERVICES SUPPLEMENTAL SERVICES FEE SCHEDULE at January, 2013 Annual Legal Administration – Add the following for legal administration services in support of external legal counsel, including annual registration statement update and drafting of supplements: § $__additional minimum New fund launch – as negotiated based upon specific requirements § Subsequent new fund launch – $__/project § Subsequent new share class launch – $__/project § Multi-managed funds – as negotiated based upon specific requirements § Proxy – as negotiated based upon specific requirements § Expedited filings – as negotiated based upon specific requirements § Asset conversion – as negotiated based upon specific requirements § Fulcrum fee – as negotiated based upon specific requirements § Exemptive applications – as negotiated based upon specific requirements Amended Exhibit C (continued) to the Fund Administration Servicing Agreement - FactorShares Trust - ISE Cyber Security ETF – October, 2014 Base Fee (1) for Accounting, Administration, Transfer Agent & Account Services- The following reflects the greater of the basis point fee or minimum per fund- Accounting, Administration and Transfer Agent Basis Points on AUM per Fund Year 1 Year 2 First $250m Next $250m Next $500m Balance $__ $__ __ __ __ __ Note: MLP Funds pricing may vary from the above annual fees and are TBD per investment strategy The Following Services and Associated Fees are in Addition to the Base Fee- Pricing Services § $__- Domestic Equities, Options, ADRs § $__ - Foreign Equities § $__ - Domestic Corporate/Convertible/Gov’t/Agency Bonds, Futures, Forwards, Currency Rates, Mortgage Backed Securities § $__- CMOs, Municipal Bonds, Money Market Instruments, Foreign Corporate/Convertible/Gov’t/Agency Bonds, Asset Backed Securities, High Yield Bonds § $__- Bank Loans § $__- Credit Default Swaps § $__- Swaptions, Index Swaps § $__- Interest Rate Swaps, Foreign Currency Swaps, Total Return Swaps, Total Return Bullet Swaps

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign [ ] /Foreign Equity Security per Month for Corporate Action Service § $1.00 per Domestic [ ] /Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) Corporate Action Service § $1 per [ ] /Month Manual Security Pricing (>10/day) Fair Value Services (Charged at the Complex Level)** § $[ ] on the First 100 Securities § $[ ] on the Balance of Securities NOTE: Prices above are based on using U.S. Bancorp primary pricing service which may vary by security per month type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Pricing vendors may designate certain securities as hard to value or as a non-unique security type requiring special pricing or accounting arrangements. Factor Services (if needed, security pay down paydown factor data) § · $2.00 [ ] per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee Annual Fees (Per Advisor Relationship/Fund)* § CCO support annual fee $3,000 [ ] for the first fund (subject to Board approval) § $[ ] for each additional fund (subject to change based on Board review and approval) § $[ ] /sub-advisor per trust fund Third Party Administrative Data Charges (descriptive data for each security) · $[ ] per USBFS security based on using U.S. Bancorp standard data pricing services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access and are subject to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO change. Out-Of-Pocket Expenses Including but not limited to, to SWIFT processing, customized reporting, third-party data provider costs (including Bloomberg, S&P, Moody’s, Morningstar, GICS, MSCI, Lipper, etc.), postage, stationarystationery, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee directors meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and monitoring, conversion expenses (if necessary)., and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Amended Exhibit D (continued) to the Advisors Series Trust Fund Administration Servicing Agreement FUND ACCOUNTING, FUND ADMINISTRATION & PORTFOLIO COMPLIANCE, AND CHIEF COMPLIANCE OFFICER (CCO) SERVICES FEE SCHEDULE (continued) at September, 2015 Additional Services Available but not included above are the following services – additional legal administration (e.g., subsequent new fund launch), daily compliance testing, Section 15(c) reporting, equity & fixed income attribution reporting, electronic Board book portal (BookMark), and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly. FUND ADMINISTRATION & COMPLIANCE PORTFOLIO SERVICES SUPPLEMENTAL SERVICES FEE SCHEDULE at September, 2015 Additional Legal Administration Services § Subsequent new fund launch – $[ ] /project § Subsequent new share class launch – $[ ] /project § Multi-managed funds – as negotiated based upon specific requirements § Proxy – as negotiated based upon specific requirements Daily Compliance Services (Xxxxxxx River) § Base fee – $[ ] /fund per year § Setup – $[ ] /fund group § Data Feed – $[ ] /security per month Section 15(c) Reporting § $[ ] /fund per report – first class § $[ ] /additional class report Equity Attribution (Morningstar Direct) § Fees are dependent upon portfolio makeup BookMark Electronic Board Book Portal § USBFS will establish a central, secure portal for Board materials using a unique client board URL. § Your Fund Administrator will load/maintain all fund board book data for the main fund board meetings and meetings. § Features password-protected, encrypted servers with automatic failover. § Training and ongoing system support. § Accessible from your smart phone or iPad. § Allows multiple users to access materials concurrently. § Searchable archive. § Ability to make personal comments. Annual Fee § [ ] – [ ] users - $[ ] (includes [ ] GB of storage) § [ ] – [ ] users - $[ ] § [ ] - [ ] users - $[ ] § [ ] - [ ] users - $[ ] Additional storage: § [ ] GB included in annual charge § $[ ] for each additional [ ] GB of storage Daily Pre- and Post-Tax Fund (INCLUDED IN ANNUAL FEE) and/or Sub-Advisor Performance Reporting § Performance Service – $[ ] /CUSIP per month § Setup – $[ ] /CUSIP § Conversion – quoted separately § FTP Delivery – $[ ] setup /FTP site (signature on the following page) Amended Exhibit D (continued) to the Advisors Series Trust Fund Administration Servicing Agreement Advisor’s Signature below acknowledges approval of the Fund Administration fee schedules on this Amended Exhibit D for the Capital Advisors Funds. Capital Advisors, Inc. By: /s/ Xxxxxxxx X. Xxxxx Printed Name: Xxxxxxxx X. Xxxxx Title: Managing Director Date: 9-25-15

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign […] /Foreign Equity Security per Month for Corporate Action Service § $1.00 per Domestic […] /Domestic Equity Security per Month Third Party Data Charges for Corporate Action Service § $[…] /Month Manual Security Pricing (descriptive data >10/day) Fair Value Services (Charged at the Complex Level)** § $[…] on the First […] Securities § $[…] on the Balance of Securities NOTE: Prices above are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Pricing vendors may designate certain securities as hard to value or as a non- standard security type which may result in additional fees. All schedules subject to change depending upon the use of unique security type requiring special pricing or accounting arrangements. Exhibit M (continued) to the Managed Portfolio Series Fund Accounting Agreement Fund Accounting, Fund Administration & Portfolio Compliance; Chief Compliance Officer (CCO) Services Fee Schedule at May, 2013 Chief Compliance Officer Annual Fees (Per Advisor Relationship/Fund)* § $[…] for analytics, reporting and compliancethe first fund (subject to Board approval) § $1 per security per month Factor Services […] for each additional fund (if needed, security pay down factor datasubject to change based on Board review and approval) § $2.00 […] /sub-advisor per CMOs, Asset Backed, Mortgage Backed Security per Month Chief Compliance Officer Support Fee § CCO support annual fee $3,000 per trust per USBFS services selected (administration, accounting, transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO fund Out-Of-Pocket Expenses Including but not limited toto corporate action services, fair value pricing services, factor services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationarystationery, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee directors meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and monitoring, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities.

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign [ ] /Foreign Equity Security per Month for Corporate Action Service § $1.00 per Domestic [ ] /Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) § $1 per security per month Corporate Action Service Factor Services (if needed, security pay down paydown factor data) § $2.00 [ ] per CMOs, Asset Backed, Mortgage Backed Security per Month Third Party Administrative Data Charges (descriptive data for each security) § $[ ] per security per month for fund administrative Fair Value Services (Charged at the Complex Level) § $[ ] per security on the First 100 Securities § $[ ] per security on the Balance of Securities NOTE: Prices above are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Pricing vendors may designate certain securities as hard to value or as a non-standard security type, such as CLOs and CDOs, which may result in additional fees. All schedules subject to change depending upon the use of unique security type requiring special pricing or accounting arrangements. Amended Exhibit B (continued) to the Fund Accounting Servicing Agreement Absolute Shares Trust (WBI) 10/2015 Absolute Shares Trust Base Fee for Accounting, Administration, Transfer Agent/Shareholder & Account Services (continued) - effective March 1, 2015 Chief Compliance Officer Support Fee * § CCO support annual fee $3,000 per trust [ ] per USBFS services selected (administration, accounting, transfer agent, distributor, custodianAdministration/Accounting/Transfer Agent/ Custodian) Chief Compliance Officer Support Fee includes the following services: § Access to all USBFS business line materials via the CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO Out-Of-Pocket Expenses Including but not limited toto corporate action services, fair value pricing services, factor services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee directors meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and monitoring, conversion expenses (if necessary)., and CCO team travel related costs to perform due diligence reviews at advisor and sub-advisor facilities. *Subject to annual CPI increase, Milwaukee MSA. Fees are calculated pro rata and billed monthly. Supplemental Services and Associated Fees at September 1, 2015 Services

Corporate Action & Manual Pricing Services. Fee for IDC data used to monitor corporate actions § $2.00 per Foreign __/Foreign Equity Security per Month for Corporate Action Service § $1.00 per Domestic __/Domestic Equity Security per Month Third Party Data Charges (descriptive data for analytics, reporting and compliance) Corporate Action Service § $1 per __ /Month Manual Security Pricing (>10/day) Fair Value Services (Charged at the Complex Level)** § $__ on the First __ Securities § $__ on the Balance of Securities NOTE: Prices above are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Out-Of-Pocket Expenses Including but not limited to intraday indicative value (IIV) agent fees, corporate action services, fair value pricing services, factor services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, etc), postage, stationery, programming and development, web maintenance and data feeds, special reports, proxies, insurance, EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, telephone toll-free lines, service/data conversion, special reports, record retention, disaster recovery charges, NSCC activity charges, data communication and implementation charges, postage/stationary charges, reverse stock splits, tender offers, travel, and conversion expenses (if necessary). Additional Services Available but not included above are the following services – annual legal administration (e.g., subsequent new fund launch), daily compliance testing (Cxxxxxx River), Section 15(c) reporting, performance reporting, non-standard intraday indicative value (IIV) calculation, customized benchmarking, and additional services mutually agreed upon. * Subject to annual CPI increase, Milwaukee MSA. ** Per security per month Factor fund per pricing day. Fees are billed monthly. 9/2014 Amended Exhibit B to the Transfer Agent Servicing Agreement – FactorShares Trust - ISE Cyber Security ETF – September, 2014 Base Fee (1) for Accounting, Administration, Transfer Agent & Account Services- The following reflects the greater of the basis point fee or minimum per fund- Accounting, Administration and Transfer Agent Basis Points on AUM per Fund Year 1 Year 2 First $250m Next $250m Next $500m Balance $__ $__ __ __ __ __ Note: MLP Funds pricing may vary from the above annual fees and are TBD per investment strategy The Following Services (if needed, security pay down factor data) and Associated Fees are in Addition to the Base Fee- Pricing Services § $2.00 per CMOs__- Domestic Equities, Asset BackedOptions, ADRs § $__ – Foreign Equities § $__– Domestic Corporate/Convertible/Gov’t/Agency Bonds, Futures, Forwards, Currency Rates, Mortgage Backed Securities § $__- CMOs, Municipal Bonds, Money Market Instruments, Foreign Corporate/Convertible/Gov’t/Agency Bonds, Asset Backed Securities, High Yield Bonds § $__- Bank Loans § $__- Credit Default Swaps § $__- Swaptions, Index Swaps § $__- Interest Rate Swaps, Foreign Currency Swaps, Total Return Swaps, Total Return Bullet Swaps Corporate Action & Manual Pricing Services § $__/Foreign Equity Security per Month for Corporate Action Service § $__/Domestic Equity Security per Month for Corporate Action Service § $__ /Month Manual Security Pricing (>10/day) Chief Compliance Officer Support Fee § CCO support annual fee $3,000 per trust __/trust per USBFS services selected (administration, accounting, administration/ accounting/ transfer agent, distributor, custodian) Chief Compliance Officer Support Fee includes the following services: § Access to Year 1 __% on total CCO support annual fees if all USBFS business line materials via the services are selected § Year 2 __% on total CCO Portal including business line Critical Procedures, Compliance Controls, Testing of Controls, Annual support annual fees if all USBFS CCO Review, SSAE 16 audits of business lines § Assist the Fund CCO with quarterly 38a-1 certifications including a review of any changes to critical policies, procedures and controls and compliance events as required under Rule 38a-1 of the Investment Company Act § Testing of procedures and controls across all business lines with access to business line managers and subject matter experts § Quarterly CCO teleconferences and “Focus Calls” specific to current topics such as cybersecurity § CCO forums held periodically throughout the year in major cities § Annual client conference which includes CCO roundtable discussions § SEC exam support § Other items, including sharing of industry best practices across many areas NOTE: the CCO Support team does NOT serve as the Fund CCO services are selected Out-Of-Pocket Expenses Including but not limited toto corporate action services, fair value pricing services, factor services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee directors meetings, third party auditing, tax auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring and monitoring, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor and sub-advisor facilities.