Common use of E-Mail Services Clause in Contracts

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]setup /fund group § $[…]/month administration § $[…]/received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]/fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]/fund group § Annual Fee - $[…]/open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] - 10 Users – $[…] - 20 Users – $[…] - 30 Users – $[…] - 40 Users – $[…] - 50 Users – $[…] § Training - Webex - $[…]/user - On Site - $[…]/day § Real Time Data Feeds - Implementation (per feed) - $[…]/hour (8 hour estimate) Recurring (per feed) - $[…]/month Amended Exhibit D (continued) to the Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1, 2012 - Tortoise

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]] setup /fund group § $[…]] /month administration § $[…]] /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]] /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]] /fund group § Annual Fee - $[…]] /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] - 10 Users – $[…] - 20 Users – $[…] - 30 Users – $[…] - 40 Users – $[…] - 50 Users – $[…] § Training - Webex - $[…]] /user - On Site - $[…]] /day § Real Time Data Feeds - Implementation (per feed) - $[…]] /hour (8 hour estimate) Recurring (per feed) - $[…]] /month Amended Exhibit D Y (continued) to the Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1January, 2012 - Tortoise2017

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…][ ] setup /fund group § $[…][ ] /month administration § $[…][ ] /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…][ ] /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…][ ] /fund group § Annual Fee - $[…][ ] /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 [ ] Users – $[…[ ] - 10 [ ] Users – $[…[ ] - 20 [ ] Users – $[…[ ] - 30 [ ] Users – $[…[ ] - 40 [ ] Users – $[…[ ] - 50 [ ] Users – $[…[ ] § Training - Webex - $[…][ ] /user - On Site - $[…][ ] /day § Real Time Data Feeds - Implementation (per feed) - $[…][ ] /hour (8 [ ] hour estimate) - Recurring (per feed) - $[…][ ] /month Amended Exhibit D X (continued) to the Advisors Series Trust Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – - FEE SCHEDULE at August 1December, 2012 - Tortoise2010

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]____ setup /fund group § $[…]____ /month administration § $[…]____ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]____ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]____ /fund group § Annual Fee - $[…]____/open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] ____ - 10 Users – $[…] ____ - 20 Users – $[…] ____ - 30 Users – $[…] ____ - 40 Users – $[…] ____ - 50 Users – $[…] ____ § Training - Webex - $[…]____ /user - On Site - $[…]____ /day § Real Time Data Feeds - Implementation (per feed) - $[…]____ /hour (8 hour estimate) - Recurring (per feed) - $[…]____ /month Amended Exhibit D C (continued) to the Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES Keystone Mutual Funds SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1, 2012 - Tortoiseeffective 2/1/10 to 2/1/13

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]] setup /fund group § $[…]] /month administration § $[…]] /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]] /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]] /fund group § Annual Fee - $[…]] /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] - 10 Users – $[…] - 20 Users – $[…] - 30 Users – $[…] - 40 Users – $[…] - 50 Users – $[…] § Training - Webex - $[…]] /user - On Site - $[…]] /day § Real Time Data Feeds - Implementation (per feed) - $[…]] /hour (8 hour estimate) Recurring (per feed) - $[…]] /month Amended Exhibit D (continued) to the Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1, 2012 - Tortoise

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]__ setup /fund group § $[…]__ /month administration § $[…]__ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]__ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]__ /fund group § Annual Fee - $[…]__ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] __ - 10 Users – $[…] __ - 20 Users – $[…] __ - 30 Users – $[…] __ - 40 Users – $[…] __ - 50 Users – $[…] __ § Training - Webex - $[…]__ /user - On Site - $[…]__ /day § Real Time Data Feeds - Implementation (per feed) - $[…]__ /hour (8 hour estimate) - Recurring (per feed) - $[…]__ /month Amended Exhibit D C (continued) to the Trust for Professional Managers Transfer Agent Servicing Agreement – Managed Portfolio Series Visium TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1April, 2012 - Tortoise2013

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]___ setup /fund group § $[…]___ /month administration § $[…]___ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]___ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]___ /fund group § Annual Fee - $[…]___ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] ___ - 10 Users – $[…] ___ - 20 Users – $[…] ___ - 30 Users – $[…] ___ - 40 Users – $[…] ___ - 50 Users – $[…] ___ § Training - Webex - $[…]___ /user - On Site - $[…]___ /day § Real Time Data Feeds - Implementation (per feed) - $[…]___ /hour (8 hour estimate) - Recurring (per feed) - $[…]___ /month Amended Exhibit D W (continued) to the Advisors Series Trust Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – - FEE SCHEDULE at August 1December, 2012 - Tortoise2010

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…][ ] setup /fund group § $[…][ ] /month administration § $[…][ ] /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…][ ] /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…][ ] /fund group § Annual Fee - $[…][ ] /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 [ ] Users – $[…[ ] - 10 [ ] Users – $[…[ ] - 20 [ ] Users – $[…[ ] - 30 [ ] Users – $[…[ ] - 40 [ ] Users – $[…[ ] - 50 [ ] Users – $[…[ ] § Training - Webex - $[…][ ] /user - On Site - $[…][ ] /day § Real Time Data Feeds - Implementation (per feed) - $[…][ ] /hour (8 [ ] hour estimate) - Recurring (per feed) - $[…][ ] /month Amended Exhibit D W (continued) to the Advisors Series Trust Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – - FEE SCHEDULE at August 1December, 2012 - Tortoise2010

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]____ setup /fund group § $[…]____ /month administration § $[…]____ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]____ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]____ /fund group § Annual Fee - $[…]____ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] ____ - 10 Users – $[…] ____ - 20 Users – $[…] ____ - 30 Users – $[…] ____ - 40 Users – $[…] ____ - 50 Users – $[…] ____ § Training - Webex - $[…]____ /user - On Site - $[…]____ /day § Real Time Data Feeds - Implementation (per feed) - $[…]____ /hour (8 hour estimate) Recurring (per feed) - $[…]____ /month Amended Exhibit D C (continued) to the Transfer Agent Servicing Agreement – Managed Portfolio Series Trust for Professional Managers TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1February, 2012 - Tortoise2011

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…][ ] setup /fund group § $[…][ ] /month administration § $[…][ ] /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…][ ] /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…][ ] /fund group § Annual Fee - $[…][ ] /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 [ ] Users – $[…[ ] - 10 [ ] Users – $[…[ ] - 20 [ ] Users – $[…[ ] - 30 [ ] Users – $[…[ ] - 40 [ ] Users – $[…[ ] - 50 [ ] Users – $[…[ ] § Training - Webex - $[…][ ] /user - On Site - $[…][ ] /day § Real Time Data Feeds - Implementation (per feed) - $[…][ ] /hour (8 [ ] hour estimate) - Recurring (per feed) - $[…][ ] /month Muzinich 6 Amended Exhibit D Z (continued) to the Professionally Managed Portfolios Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – - FEE SCHEDULE at August 1March, 2012 - Tortoise2012

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]_____ setup /fund group § $[…]_____ /month administration § $[…]_____ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]_____ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]_____ /fund group § Annual Fee - $[…]_____ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] _____ - 10 Users – $[…] _____ - 20 Users – $[…] _____ - 30 Users – $[…] _____ - 40 Users – $[…] _____ - 50 Users – $[…] _____ § Training - Webex - $[…]_____ /user - On Site - $[…]_____ /day § Real Time Data Feeds - Implementation (per feed) - $[…]_____ /hour (8 hour estimate) - Recurring (per feed) - $[…]_____ /month Amended Exhibit D C (continued) to the Trust for Professional Managers Transfer Agent Servicing Agreement – Managed Portfolio Series M.D. Sass TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1April, 2012 - Tortoise2011

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]_____ setup /fund group § $[…]_____ /month administration § $[…]_____ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]/fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]_____ /fund group § Annual Fee - $[…]_____ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] _____ - 10 Users – $[…] _____ - 20 Users – $[…] _____ - 30 Users – $[…] _____ - 40 Users – $[…] _____ - 50 Users – $[…] _____ § Training - Webex - $[…]_____ /user - On Site - $[…]_____ /day § Real Time Data Feeds - Implementation (per feed) - $[…]_____ /hour (8 hour estimate) - Recurring (per feed) - $[…]_____ /month Amended Performance Trust Exhibit D C (continued) to the Trust for Professionals Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT Transfer Agent & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1August, 2012 - Tortoise2010

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]___ setup /fund group § $[…]___/month administration § $[…]___ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]____ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]____ /fund group § Annual Fee - $[…]___ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] ____ - 10 Users – $[…] ____ - 20 Users – $[…] ____ - 30 Users – $[…] ____ - 40 Users – $[…] ____ - 50 Users – $[…] ____ § Training - Webex - $[…]____ /user - On Site - $[…]____ /day § Real Time Data Feeds - Implementation (per feed) - $[…]____ /hour (8 hour estimate) - Recurring (per feed) - $[…]____ /month Orinda - 06/2013 5 Amended Exhibit D Y (continued) to the Advisors Series Trust Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1March, 2012 - Tortoise2011

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]____ setup /fund group § $[…]____ /month administration § $[…]____ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]____ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]____ /fund group § Annual Fee - $[…]____ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] ____ - 10 Users – $[…] ____ - 20 Users – $[…] ____ - 30 Users – $[…] ____ - 40 Users – $[…] ____ - 50 Users – $[…] ____ § Training - Webex - $[…]____ /user - On Site - $[…]____ /day § Real Time Data Feeds - Implementation (per feed) - $[…]____ /hour (8 hour estimate) - Recurring (per feed) - $[…]____ /month Amended Exhibit D C (continued) to the Trust for Professional Managers Transfer Agent Servicing Agreement – Managed Portfolio Series M.D. Sass TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1April, 2012 - Tortoise2014

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]_____ setup /fund group § $[…]_____ /month administration § $[…]_____ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]_____ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]_____/fund group § Annual Fee - $[…]_____ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] _____ - 10 Users – $[…] _____ - 20 Users – $[…] _____ - 30 Users – $[…] _____ - 40 Users – $[…] _____ - 50 Users – $[…] _____ § Training - Webex - $[…]_____ /user - On Site - $[…]_____ /day § Real Time Data Feeds - Implementation (per feed) - $[…]_____ /hour (8 hour estimate) Recurring (per feed) - $[…]_____ /month 11/2012 Amended Exhibit D (continued) to the Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1August, 2012 - Tortoise2010 – Fees for The Cxxxxxx MLP Premier Fund and The Cxxxxxx Royalty Energy Income Fund

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]____ setup /fund group § $[…]____ /month administration § $[…]____ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]____ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]____ /fund group § Annual Fee - $[…]____ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] ____ - 10 Users – $[…] ____ - 20 Users – $[…] ____ - 30 Users – $[…] ____ - 40 Users – $[…] ____ - 50 Users – $[…] ____ § Training - Webex - $[…]____ /user - On Site - $[…]____ /day § Real Time Data Feeds - Implementation (per feed) - $[…]____ /hour (8 hour estimate) Recurring (per feed) - $[…]____ /month Amended Exhibit D C (continued) to the Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1, 2012 - Tortoiseeffective 9/30/10

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…][ ] setup /fund group § $[…][ ] /month administration § $[…][ ] /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…][ ] /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…][ ] /fund group § Annual Fee - $[…][ ] /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…[ ] - 10 Users – $[…[ ] - 20 Users – $[…[ ] - 30 Users – $[…[ ] - 40 Users – $[…[ ] - 50 Users – $[…[ ] § Training - Webex - $[…][ ] /user - On Site - $[…][ ] /day § Real Time Data Feeds - Implementation (per feed) - $[…][ ] /hour (8 hour estimate) - Recurring (per feed) - $[…][ ] /month Amended Exhibit D V (continued) to the Advisors Series Trust Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1September, 2012 - Tortoise2010

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]$ setup /fund group § $[…]$ /month administration § $[…]$ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]$ /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]$ /fund group § Annual Fee - $[…]$ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] $ - 10 Users – $[…] $ - 20 Users – $[…] $ - 30 Users – $[…] $ - 40 Users – $[…] $ - 50 Users – $[…] $ § Training - Webex - $[…]$ /user - On Site - $[…]$ /day § Real Time Data Feeds - Implementation (per feed) - $[…]$ /hour (8 hour estimate) - Recurring (per feed) - $[…]$ /month Amended Exhibit D Y (continued) to the Advisors Series Trust Transfer Agent Servicing Agreement – Managed Portfolio Series TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – FEE SCHEDULE at August 1March, 2012 - Tortoise2011

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: § $[…]_______ setup /fund group § $[…]_______/month administration § $[…]_______ /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. § $[…]_______/fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. § Setup - $[…]_______ /fund group § Annual Fee - $[…]_______ /open and closed account Same Day Cash Flow § Implementation (one time charge) & Recurring Charges (monthly) - 5 Users – $[…] _______ - 10 Users – $[…] _______ - 20 Users – $[…] _______ - 30 Users – $[…] _______ - 40 Users – $[…] _______ - 50 Users – $[…] _______ § Training - Webex - $[…]_______/user - On Site - $[…]_______ /day § Real Time Data Feeds - Implementation (per feed) - $[…]_______/hour (8 hour estimate) - Recurring (per feed) - $[…]_______ /month Amended Exhibit D (continued) to the Transfer Agent Servicing Agreement – Managed Portfolio Series MainGate Trust TRANSFER AGENT & SHAREHOLDER SERVICES SUPPLEMENTAL SERVICES – - FEE SCHEDULE at August 1January, 2012 - Tortoise2011