Common use of Reporting and Message Fees Clause in Contracts

Reporting and Message Fees. The following fees will apply in respect of client requested SWIFT reports and messages: − Cash Reporting · MT900 – Cash Debit Advice $[ ] each · MT910 – Cash Credit Advice $[ ] each · MT940 – Detail Cash Statement $[ ] per message · MT950 – Cash Statement $[ ] per message − Securities Position Reporting · MT535 – Statement of Holdings $[ ] per message (One MT535 will be issued per account per month free of charge) · MT536 – Statement of Transactions $[ ] per message · MT537 – Statement of Pendings $[ ] per message − Confirmations · MT544 – Receive Free Confirm $[ ] per message · MT545 – Receive Against Payment Confirm $[ ] per message · MT546 – Deliver Free Confirm $[ ] per message · MT547 – Deliver Against Payment Confirm $[ ] per message − Facsimile Reporting Fees · Corporate Actions Notifications $[ ] per notification · Cash and Securities Reports $[ ] per page § Charges incurred by The Bank of New York for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred. § A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate. Exhibit E to the Separate Series of Advisors Series Trust Capital Advisors Growth Fund

Reporting and Message Fees. The following fees will apply in respect of client requested SWIFT reports and messages: − Cash Reporting · MT900 – Cash Debit Advice $[ ] Advice$____ each · MT910 – Cash Credit Advice $[ ] Advice$____ each · MT940 – Detail Cash Statement $[ ] Statement$____ per message · MT950 – Cash Statement $[ ] Statement$____ per message − Securities Position Reporting · ● MT535 – Statement of Holdings $[ ] Holdings$____ per message (One MT535 will be issued per account per month free of charge) · ● MT536 – Statement of Transactions $[ ] Transactions$____ per message · ● MT537 – Statement of Pendings $[ ] Pendings$____ per message − Confirmations · MT544 – Receive Free Confirm $[ ] Confirm$____ per message · MT545 – Receive Against Payment Confirm $[ ] Confirm$____ per message · MT546 – Deliver Free Confirm $[ ] Confirm$____ per message · MT547 – Deliver Against Payment Confirm $[ ] Confirm$____ per message − Facsimile Reporting Fees · Corporate Actions Notifications $[ ] Notifications$____ per notification · Cash and Securities Reports $[ ] Reports$____ per page § Charges incurred by The Bank of New York for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred. § A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate. Exhibit E NOTE: All schedules subject to change depending upon the use of derivatives – options, futures, short sales, etc. Conversion, multiple classes, master/feeder and multiple manager funds, and extraordinary services quoted separately. Chief Compliance Officer Support Fee* § $____ /service per year ____ basis point on average daily market value Minimum annual fee per fund - $____ Plus portfolio transaction fees Custody Portfolio Transaction Fees $____ per book entry DTC transaction/Federal Reserve transaction/principal paydown $____ per short sale $____ per U.S. Bank repurchase agreement transaction $____ per option/future contract written, exercised or expired $____ per mutual fund trade/Fed wire/margin variation Fed wire $____ per physical transaction $____ per disbursement (waived if U.S. Bancorp is Administrator) $____ per segregated account per year § A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender, or exchange. § No charge for the initial conversion free receipt. § Overdrafts – charged to the Separate Series account at prime interest rate plus ____. Including but not limited to expenses incurred in the safekeeping, delivery and receipt of Advisors Series Trust Capital Advisors Growth Fundsecurities, shipping, transfer fees, extraordinary expenses based upon complexity, and all other out-of-pocket expenses. Out of pocket expenses invoiced to the Fund shall be the same as USBFS’ cost. Fees are billed monthly. *Subject to annual CPI increase, Milwaukee MSA. Argentina All ____ $____ Latvia Bonds ____ $____ Australia All ____ $____ Lebanon All ____ $____ Austria All ____ $____ Lithuania All ____ $____ Bahrain All ____ $____ Luxembourg All ____ $____ Bangladesh All ____ $____ Malaysia All ____ $____ Belgium All ____ $____ Mali* All ____ $____ Benin* All ____ $____ Malta All ____ $____ Bermuda All ____ $____ Mauritius All ____ $____ Botswana All ____ $____ Mexico All ____ $____ Brazil All ____ $____ Morocco All ____ $____ Bulgaria All ____ $____ Namibia All ____ $____ Burkina Faso* All ____ $____ Netherlands All ____ $____ Canada All ____ $____ New Zealand All ____ $____ Cayman Islands* All ____ $____ Niger* All ____ $____ Channel Islands* All ____ $____ Nigeria All ____ $____ Chile All ____ $____ Norway All ____ $____ China“A” Shares All ____ $____ Oman All ____ $____ China“B” Shares All ____ $____ Pakistan All ____ $____ Columbia All ____ $____ Peru All ____ $____ Costa Rica All ____ $____ Philippines All ____ $____ Croatia All ____ $____ Poland All ____ $____ Cyprus* All ____ $____ Portugal All ____ $____ Czech Republic All ____ $____ Qatar All ____ $____ Denmark All ____ $____ Romania All ____ $____ Ecuador All ____ $____ Russia Equities/Bonds ____ $____ Egypt All ____ $____ Russia MINFIN ____ $____ Estonia All ____ $____ Senegal* All ____ $____ Euromarkets(3) All ____ $____ Singapore All ____ $____ Finland All ____ $____ Slovak Republic All ____ $____ France All ____ $____ Slovenia All ____ $____ Germany All ____ $____ South Africa All ____ $____ Ghana All ____ $____ South Korea All ____ $____ Greece All ____ $____ Spain All ____ $____ Guinea Bissau* All ____ $____ Sri Lanka All ____ $____ Hong Kong All ____ $____ Swaziland All ____ $____ Hungary All ____ $____ Sweden All ____ $____ Iceland All ____ $____ Switzerland All ____ $____ India All ____ $____ Taiwan All ____ $____ Indonesia All ____ $____ Thailand All ____ $____ Ireland Equities ____ $____ Togo* All ____ $____ Ireland Gov’t Bonds ____ $____ Trinidad & Tobago* All ____ $____ Israel All ____ $____ Tunisia All ____ $____ Italy All ____ $____ Turkey All ____ $____ Ivory Coast All ____ $____ UAE All ____ $____ Jamaica* All ____ $____ United Kingdom All ____ $____ Japan All ____ $____ Ukraine All ____ $____ Jordan All ____ $____ Uruguay All ____ $____ Kazakhstan All ____ $____ Venezuela All ____ $____ Kenya All ____ $____ Vietnam* All ____ $____ Latvia Equities ____ $____ Zambia All ____ $____ Base Fee - A monthly base charge of $____ per account (fund) will apply. § Fee is expressed in basis points per annum where one basis point equals one hundredth of one percent (.01%) and is calculated based upon month-end market value, unless stated otherwise. § A transaction is defined as a receipt or delivery versus payment, a free receive or deliver, maturities, or security transaction related to corporate events. § Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request). § For all other markets specified above, surcharges may apply if a security is held outside of the local market. Straight Through Processing – fees waived. For non-US resident clients investing in the U.S. market: Fees for US custody are provided on the basis that if assets are held in an omnibus account for multiple underlying clients, the Client will take the necessary action to attain Qualified Intermediary (QI) status for US IRS withholding tax purposes. Should the Client fail to take the necessary action, the fee quoted would be subject to review, and all costs incurred by The Bank of New York in fulfilling its obligations under the US regulations would be passed to the Client. Please refer to the separate Non-Resident Alien (NRA) fee schedule. Note: For the clients who are the sole beneficial owner of the assets held in their account with The Bank of New York and the client has provided a “W8Ben” form per account stating their ownership of the assets, the above will not apply. § Currency Trade - $____ per transaction § 3rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a third party will be charged $____. § Notification $____ § Vote $____ § Relationship Set Up Fee $____ Tax Reclamation Services: May be subject to additional charges depending upon the service level agreed. Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $____ per claim.

Reporting and Message Fees. The following fees will apply in respect of client requested SWIFT reports and messages: − Cash Reporting · ● MT900 – Cash Debit Advice $[ ] each · MT910 – Cash Credit Advice $[ ] each · MT940 – Detail Cash Statement $[ ] per message · MT950 – Cash Statement $[ ] per message − Securities Position Reporting · MT535 – Statement of Holdings $[ ] per message (One MT535 will be issued per account per month free of charge) · MT536 – Statement of Transactions $[ ] per message · MT537 – Statement of Pendings $[ ] per message − Confirmations · MT544 – Receive Free Confirm $[ ] per message · MT545 – Receive Against Payment Confirm $[ ] per message · MT546 – Deliver Free Confirm $[ ] per message · MT547 – Deliver Against Payment Confirm $[ ] per message − Facsimile Reporting Fees · Corporate Actions Notifications $[ ] per notification · Cash and Securities Reports $[ ] per page § Charges incurred by The Bank of New York for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred. § A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate. Coldstream Dividend Growth Fund Annual Fee Based Upon Market Value Per Fund* [ ] basis point on average daily market value Minimum annual fee per fund - $[ ] Plus portfolio transaction fees Portfolio Transaction Fees $[ ] /book entry DTC transaction/Federal Reserve transaction/principal paydown $[ ] /U.S. Bank repo agreement transaction $[ ] /short sale $[ ] /option/future contract written, exercised or expired $[ ] /mutual fund trade/Fed wire/margin variation Fed wire $[ ] /physical transaction $[ ] /segregated account per year § A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange. § No charge for the initial conversion free receipt. § Overdrafts – charged to the account at prime interest rate plus [ ]. Out-Of-Pocket Expenses Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, and extraordinary expenses based upon complexity. Fees are billed monthly. *Subject to annual CPI increase, Milwaukee MSA. Exhibit E P (continued) to the Separate Series of Advisors Series Trust Capital Argentina All [ ] [ ] Lebanon All [ ] [ ] Australia All [ ] [ ] Lithuania All [ ] [ ] Austria All [ ] [ ] Luxembourg All [ ] [ ] Bahrain All [ ] [ ] Malaysia All [ ] [ ] Bangladesh All [ ] [ ] Mali* All [ ] [ ] Belgium All [ ] [ ] Malta All [ ] [ ] Benin* All [ ] [ ] Mauritius All [ ] [ ] Bermuda All [ ] [ ] Mexico All [ ] [ ] Botswana All [ ] [ ] Morocco All [ ] [ ] Brazil All [ ] [ ] Namibia All [ ] [ ] Bulgaria All [ ] [ ] Netherlands All [ ] [ ] Burkina Faso* All [ ] [ ] New Zealand All [ ] [ ] Canada All [ ] [ ] Niger* All [ ] [ ] Cayman Islands* All [ ] [ ] Nigeria All [ ] [ ] Channel Islands* All [ ] [ ] Norway All [ ] [ ] Chile All [ ] [ ] Oman All [ ] [ ] China“A” Shares All [ ] [ ] Pakistan All [ ] [ ] China“B” Shares All [ ] [ ] Peru All [ ] [ ] Columbia All [ ] [ ] Philippines All [ ] [ ] Costa Rica All [ ] [ ] Poland All [ ] [ ] Croatia All [ ] [ ] Portugal All [ ] [ ] Cyprus* All [ ] [ ] Qatar All [ ] [ ] Czech Republic All [ ] [ ] Romania All [ ] [ ] Denmark All [ ] [ ] Russia Equities/Bonds [ ] [ ] Ecuador All [ ] [ ] Russia MINFINs [ ] [ ] Egypt All [ ] [ ] Senegal* All [ ] [ ] Estonia All [ ] [ ] Singapore All [ ] [ ] Euromarkets(3) All [ ] [ ] Slovak Republic All [ ] [ ] Finland All [ ] [ ] Slovenia All [ ] [ ] France All [ ] [ ] South Africa All [ ] [ ] Germany All [ ] [ ] South Korea All [ ] [ ] Ghana All [ ] [ ] Spain All [ ] [ ] Greece All [ ] [ ] Sri Lanka All [ ] [ ] Guinea Bissau* All [ ] [ ] Swaziland All [ ] [ ] Hong Kong All [ ] [ ] Sweden All [ ] [ ] Hungary All [ ] [ ] Switzerland All [ ] [ ] Iceland All [ ] [ ] Taiwan All [ ] [ ] India All [ ] [ ] Thailand All [ ] [ ] Indonesia All [ ] [ ] Togo* All [ ] [ ] Ireland All [ ] [ ] Trinidad & Tobago* All [ ] [ ] Israel All [ ] [ ] Tunisia All [ ] [ ] Italy All [ ] [ ] Turkey All [ ] [ ] Ivory Coast All [ ] [ ] UAE All [ ] [ ] Jamaica* All [ ] [ ] United Kingdom All [ ] [ ] Japan All [ ] [ ] Ukraine All [ ] [ ] Jordan All [ ] [ ] Uruguay All [ ] [ ] Kazakhstan All [ ] [ ] Venezuela All [ ] [ ] Kenya All [ ] [ ] Vietnam* All [ ] [ ] Latvia Equities [ ] [ ] Zambia All [ ] [ ] Latvia Bonds [ ] [ ] Exhibit P (continued) to the Separate Series of Advisors Growth FundSeries Trust Base Fee - A monthly base charge of $[ ] per account (fund) will apply.

Reporting and Message Fees. The following fees will apply in respect of client requested SWIFT reports and messages: − Cash Reporting · MT900 – Cash Debit Advice $[ ] each · MT910 – Cash Credit Advice $[ ] each · MT940 – Detail Cash Statement $[ ] per message · MT950 – Cash Statement $[ ] per message − Securities Position Reporting · MT535 – Statement of Holdings $[ ] per message (One MT535 will be issued per account per month free of charge) · MT536 – Statement of Transactions $[ ] per message · MT537 – Statement of Pendings $[ ] per message − Confirmations · MT544 – Receive Free Confirm $[ ] per message · MT545 – Receive Against Payment Confirm $[ ] per message · MT546 – Deliver Free Confirm $[ ] per message · MT547 – Deliver Against Payment Confirm $[ ] per message − Facsimile Reporting Fees · Corporate Actions Notifications $[ ] per notification · Cash and Securities Reports $[ ] per page § Charges incurred by The Bank of New York for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred. § A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate. Exhibit E N▇▇▇▇▇▇ Tactical Return Fund Annual Fee Based Upon Market Value Per Fund* [ ] basis point on average daily market value Minimum annual fee per fund - $[ ] Plus portfolio transaction fees Portfolio Transaction Fees $ [ ] per book entry DTC transaction/Federal Reserve transaction/U.S. Bank repo agreement transaction $ [ ] per principal paydown $ [ ] per short sale $ [ ] per option/future contract written, exercised or expired $ [ ] per mutual fund trade/Fed wire/margin variation Fed wire $ [ ] per physical transaction $ [ ] per segregated account per year § A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange. § No charge for the initial conversion free receipt. § Overdrafts – charged to the account at prime interest rate plus [ ]. Out-Of-Pocket Expenses Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, and extraordinary expenses based upon complexity. Fees are billed monthly. *Subject to annual CPI increase, Milwaukee MSA. to the Separate Series of Advisors Series Trust Capital Advisors Growth FundArgentina All [ ] [ ] Latvia Bonds [ ] [ ] Australia All [ ] [ ] Lebanon All [ ] [ ] Austria All [ ] [ ] Lithuania All [ ] [ ] Bahrain All [ ] [ ] Luxembourg All [ ] [ ] Bangladesh All [ ] [ ] Malaysia All [ ] [ ] Belgium All [ ] [ ] Mali* All [ ] [ ] Benin* All [ ] [ ] Malta All [ ] [ ] Bermuda All [ ] [ ] Mauritius All [ ] [ ] Botswana All [ ] [ ] Mexico All [ ] [ ] Brazil All [ ] [ ] Morocco All [ ] [ ] Bulgaria All [ ] [ ] Namibia All [ ] [ ] Burkina Faso* All [ ] [ ] Netherlands All [ ] [ ] Canada All [ ] [ ] New Zealand All [ ] [ ] Cayman Islands* All [ ] [ ] Niger* All [ ] [ ] Channel Islands* All [ ] [ ] Nigeria All [ ] [ ] Chile All [ ] [ ] Norway All [ ] [ ] China“A” Shares All [ ] [ ] Oman All [ ] [ ] China“B” Shares All [ ] [ ] Pakistan All [ ] [ ] Columbia All [ ] [ ] Peru All [ ] [ ] Costa Rica All [ ] [ ] Philippines All [ ] [ ] Croatia All [ ] [ ] Poland All [ ] [ ] Cyprus* All [ ] [ ] Portugal All [ ] [ ] Czech Republic All [ ] [ ] Qatar All [ ] [ ] Denmark All [ ] [ ] Romania All [ ] [ ] Ecuador All [ ] [ ] Russia Equities/Bonds [ ] [ ] Egypt All [ ] [ ] Russia MINFIN [ ] [ ] Estonia All [ ] [ ] Senegal* All [ ] [ ] Euromarkets(3) All [ ] [ ] Singapore All [ ] [ ] Finland All [ ] [ ] Slovak Republic All [ ] [ ] France All [ ] [ ] Slovenia All [ ] [ ] Germany All [ ] [ ] South Africa All [ ] [ ] Ghana All [ ] [ ] South Korea All [ ] [ ] Greece All [ ] [ ] Spain All [ ] [ ] Guinea Bissau* All [ ] [ ] Sri Lanka All [ ] [ ] Hong Kong All [ ] [ ] Swaziland All [ ] [ ] Hungary All [ ] [ ] Sweden All [ ] [ ] Iceland All [ ] [ ] Switzerland All [ ] [ ] India All [ ] [ ] Taiwan All [ ] [ ] Indonesia All [ ] [ ] Thailand All [ ] [ ] Ireland Equities [ ] [ ] Togo* All [ ] [ ] Ireland Gov’t Bonds [ ] [ ] Trinidad & Tobago* All [ ] [ ] Israel All [ ] [ ] Tunisia All [ ] [ ] Italy All [ ] [ ] Turkey All [ ] [ ] Ivory Coast All [ ] [ ] UAE All [ ] [ ] Jamaica* All [ ] [ ] United Kingdom All [ ] [ ] Japan All [ ] [ ] Ukraine All [ ] [ ] Jordan All [ ] [ ] Uruguay All [ ] [ ] Kazakhstan All [ ] [ ] Venezuela All [ ] [ ] Kenya All [ ] [ ] Vietnam* All [ ] [ ] Latvia Equities [ ] [ ] Zambia All [ ] [ ] Base Fee - A monthly base charge of $[ ] per account (fund) will apply. § Fee is expressed in basis points per annum where one basis point equals one hundredth of one percent ([ ]%) and is calculated based upon month-end market value, unless stated otherwise. § A transaction is defined as a receipt or delivery versus payment, a free receive or deliver, maturities, or security transaction related to corporate events. § Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request). − For all other markets specified above, surcharges may apply if a security is held outside of the local market. Straight Through Processing - fees waived. For non-US resident clients investing in the U.S. market - Fees for US custody are provided on the basis that if assets are held in an omnibus account for multiple underlying clients, the Client will take the necessary action to attain Qualified Intermediary (QI) status for US IRS withholding tax purposes. Should the Client fail to take the necessary action, the fee quoted would be subject to review, and all costs incurred by The Bank of New York in fulfilling its obligations under the US regulations would be passed to the Client. Please refer to the separate Non-Resident Alien (NRA) fee schedule.

Reporting and Message Fees. The following fees will apply in respect of client requested SWIFT reports and messages: − Cash Reporting · MT900 – Cash Debit Advice $[ ] each · MT910 – Cash Credit Advice $[ ] each · MT940 – Detail Cash Statement $[ ] per message · MT950 – Cash Statement $[ ] per message − Securities Position Reporting · MT535 – Statement of Holdings $[ ] per message (One MT535 will be issued per account per month free of charge) · MT536 – Statement of Transactions $[ ] per message · MT537 – Statement of Pendings $[ ] per message − Confirmations · MT544 – Receive Free Confirm $[ ] per message · MT545 – Receive Against Payment Confirm $[ ] per message · MT546 – Deliver Free Confirm $[ ] per message · MT547 – Deliver Against Payment Confirm $[ ] per message − Facsimile Reporting Fees · Corporate Actions Notifications $[ ] per notification · Cash and Securities Reports $[ ] per page § Charges incurred by The Bank of New York for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred. § A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate. O'▇▇▇▇▇▇▇▇▇▇▇ Small/Mid Cap Growth Fund O'▇▇▇▇▇▇▇▇▇▇▇ Enhanced Dividend Fund O'▇▇▇▇▇▇▇▇▇▇▇ All Cap Core Fund O'▇▇▇▇▇▇▇▇▇▇▇ Global Equity Fund O'▇▇▇▇▇▇▇▇▇▇▇ International Equity Fund O’▇▇▇▇▇▇▇▇▇▇▇ Tactical Asset Allocation Fund Annual Fee Based Upon Market Value Per Fund* [ ] basis point on average daily market value Minimum annual fee per fund - $[ ] Plus portfolio transaction fees Portfolio Transaction Fees $[ ] per book entry DTC transaction/Federal Reserve transaction/U.S. Bank repo agreement transaction $[ ] per principal paydown $[ ] per short sale $[ ] per option/future contract written, exercised or expired $[ ] per mutual fund trade/Fed wire/margin variation Fed wire $[ ] per physical transaction $[ ] per segregated account per year § A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange. § No charge for the initial conversion free receipt. § Overdrafts – charged to the account at prime interest rate plus [ ]. Out-Of-Pocket Expenses Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, and extraordinary expenses based upon complexity. Fees are billed monthly. *Not Subject to annual CPI increase, Milwaukee MSA. Exhibit E O (continued) to the Separate Series of Advisors Series Trust Capital Advisors Growth FundAmended and Restated Custody Agreement Argentina All [ ] [ ] Latvia Bonds [ ] [ ] Australia All [ ] [ ] Lebanon All [ ] [ ] Austria All [ ] [ ] Lithuania All [ ] [ ] Bahrain All [ ] [ ] Luxembourg All [ ] [ ] Bangladesh All [ ] [ ] Malaysia All [ ] [ ] Belgium All [ ] [ ] Mali* All [ ] [ ] Benin* All [ ] [ ] Malta All [ ] [ ] Bermuda All [ ] [ ] Mauritius All [ ] [ ] Botswana All [ ] [ ] Mexico All [ ] [ ] Brazil All [ ] [ ] Morocco All [ ] [ ] Bulgaria All [ ] [ ] Namibia All [ ] [ ] Burkina Faso* All [ ] [ ] Netherlands All [ ] [ ] Canada All [ ] [ ] New Zealand All [ ] [ ] Cayman Islands* All [ ] [ ] Niger* All [ ] [ ] Channel Islands* All [ ] [ ] Nigeria All [ ] [ ] Chile All [ ] [ ] Norway All [ ] [ ] China“A” Shares All [ ] [ ] Oman All [ ] [ ] China“B” Shares All [ ] [ ] Pakistan All [ ] [ ] Columbia All [ ] [ ] Peru All [ ] [ ] Costa Rica All [ ] [ ] Philippines All [ ] [ ] Croatia All [ ] [ ] Poland All [ ] [ ] Cyprus* All [ ] [ ] Portugal All [ ] [ ] Czech Republic All [ ] [ ] Qatar All [ ] [ ] Denmark All [ ] [ ] Romania All [ ] [ ] Ecuador All [ ] [ ] Russia Equities/Bonds [ ] [ ] Egypt All [ ] [ ] Russia MINFIN [ ] [ ] Estonia All [ ] [ ] Senegal* All [ ] [ ] Euromarkets(3) All [ ] [ ] Singapore All [ ] [ ] Finland All [ ] [ ] Slovak Republic All [ ] [ ] France All [ ] [ ] Slovenia All [ ] [ ] Germany All [ ] [ ] South Africa All [ ] [ ] Ghana All [ ] [ ] South Korea All [ ] [ ] Greece All [ ] [ ] Spain All [ ] [ ] Guinea Bissau* All [ ] [ ] Sri Lanka All [ ] [ ] Hong Kong All [ ] [ ] Swaziland All [ ] [ ] Hungary All [ ] [ ] Sweden All [ ] [ ] Iceland All [ ] [ ] Switzerland All [ ] [ ] India All [ ] [ ] Taiwan All [ ] [ ] Indonesia All [ ] [ ] Thailand All [ ] [ ] Ireland Equities [ ] [ ] Togo* All [ ] [ ] Ireland Gov’t Bonds [ ] [ ] Trinidad & Tobago* All [ ] [ ] Israel All [ ] [ ] Tunisia All [ ] [ ] Italy All [ ] [ ] Turkey All [ ] [ ] Ivory Coast All [ ] [ ] UAE All [ ] [ ] Jamaica* All [ ] [ ] United Kingdom All [ ] [ ] Japan All [ ] [ ] Ukraine All [ ] [ ] Jordan All [ ] [ ] Uruguay All [ ] [ ] Kazakhstan All [ ] [ ] Venezuela All [ ] [ ] Kenya All [ ] [ ] Vietnam* All [ ] [ ] Latvia Equities [ ] [ ] Zambia All [ ] [ ] Base Fee - A monthly base charge of $ [ ] per account (fund) will apply. § Fee is expressed in basis points per annum where one basis point equals one hundredth of one percent ([ ]%) and is calculated based upon month-end market value, unless stated otherwise. § A transaction is defined as a receipt or delivery versus payment, a free receive or deliver, maturities, or security transaction related to corporate events. § Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to surcharge (surcharge schedule available upon request). In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request). − For all other markets specified above, surcharges may apply if a security is held outside of the local market. Amended and Restated Custody Agreement surcharge. Straight Through Processing - fees waived. For non-US resident clients investing in the U.S. market - Fees for US custody are provided on the basis that if assets are held in an omnibus account for multiple underlying clients, the Client will take the necessary action to attain Qualified Intermediary (QI) status for US IRS withholding tax purposes. Should the Client fail to take the necessary action, the fee quoted would be subject to review, and all costs incurred by The Bank of New York in fulfilling its obligations under the US regulations would be passed to the Client. Please refer to the separate Non-Resident Alien (NRA) fee schedule.