AMENDMENT TO DISTRIBUTION AGREEMENT
AMENDMENT
TO
THIS AMENDMENT, dated as of
the 25th day of
November, 2008, by and among Advisors Series Trust, a
Delaware statutory trust (the “Trust”) on behalf of its series, the Xx Xxxxx Fund and the Xx Xxxxx Dividend Value Fund, Quasar
Distributors, LLC, a Delaware limited liability company (the
“Distributor”), and Xx Xxxxx
Asset Management, Inc., “the Advisor”), as parties to the Distribution
Agreement dated as of June 30, 2006 (the “Agreement”).
WHEREAS, the parties to the
Agreement desire to amend the fees of the Agreement in the manner set forth
herein;
NOW THEREFORE, pursuant to
section 11 of the Agreement, the parties hereby amend the Agreement as
follows:
Exhibit B of the Agreement shall be
amended and replaced in its entirety by the Amended Exhibit B (“Amended Exhibit
B”) attached herein.
The
Agreement, as amended, shall remain in full force and effect.
IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by
a duly authorized officer on one or more counterparts as of the date first above
written.
QUASAR
DISTRIBUTORS, LLC
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By:
/s/ Xxxxxxx X.
Xxxx
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By: /s/ Xxxxx X.
Xxxxxxxxx
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Name:
Xxxxxxx X. Xxxx
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Xxxxx X.
Xxxxxxxxx
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Title:
President
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Title:
President
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XX
XXXXX ASSET MANAGEMENT, INC.
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By:
/s/ Xxxxx
Xxxx
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Name:
Xxxxx Xxxx
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Title:
CFO and CCO
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1
Amended
Exhibit B
QUASAR
DISTRIBUTORS, LLC
ANNUAL
FEE SCHEDULE
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Basic Distribution Services*
· [__] basis
point of the Fund’s average daily net assets, payable monthly in arrears
(waived)
· Minimum
annual fee: first class or series -- $[__]; each
additional series - $[__]
Advertising Compliance Review/FINRA
Filings
· $[__] per job
for the first [__] pages
(minutes if tape or video); $[__] per page
(minute if tape or video) thereafter
· Non-FINRA
filed materials, e.g. Internal Use Only Materials
$[__] per job
for the first [__] pages
(minutes if tape or video); $[__] per page
(minutes if tape or video) thereafter.
· FINRA
Expedited Service for [__] Day
Turnaround
$[__] for the
first [__] pages
(minutes if audio or video); $[__] per page
(minute if audio or video) thereafter. (Comments are
faxed. FINRA may not accept expedited request.)
Licensing of Investment Advisor’s Staff (if
desired)
· $[__] per year
per registered representative (“RR”), for 3 individuals or
less $[__] per year
per registered representative beyond the first 3 individuals
· Quasar
is limited to these licenses for sponsorship: Series, 6, 7, 24,
26, 27, 63, 66
· Plus
all associated FINRA and State fees for Registered Representatives,
including license and renewal fees.
Out-of-Pocket Expenses
Reasonable out-of-pocket expenses
incurred by the Distributor in connection with activities primarily
intended to result in the sale of Shares, including, without
limitation:
· typesetting,
printing and distribution of Prospectuses and shareholder
reports
· production,
printing, distribution and placement of advertising and sales literature
and materials
· engagement
of designers, free-xxxxx writers and public relations firms
· long-distance
telephone lines, services and charges
· postage
· overnight
delivery charges
· FINRA registration and
filing fees
· record
retention
· travel,
lodging and meals
Fees
are billed monthly.
*
Subject to CPI increase, Milwaukee
MSA.
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Advisor’s
Signature below acknowledges approval of the Exhibit B fee schedule
above.
XX
XXXXX ASSET MANAGEMENT, INC.
By: /s/ Xxxxx
Xxxx
Printed
Name: Xxxxx
Xxxx
Title: CFO and
CCO
Date:
4/16/2009
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