AMENDMENT TO DISTRIBUTION AGREEMENT
AMENDMENT
TO
THIS
AMENDMENT, dated as of
the 13th day of July, 2006, by and among Advisors Series Trust, a
Delaware statutory trust (the “Trust”), Quasar Distributors, LLC, a
Delaware limited liability company (the “Distributor”), and Pacific Income Advisors,
Inc.,
“the Advisor”), as parties to the Distribution Agreement dated as of July
13th,
2005
(the “Agreement”).
WHEREAS,
the parties to the
Agreement desire to amend 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
A of the Agreement shall be
amended and replaced in its entirety by the Amended Exhibit A (“Amended Exhibit
A”) attached herein.
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.
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QUASAR
DISTRIBUTORS, LLC
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By:
/s/ Xxxx
X.
Xxxxxxx
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By: /s/
Xxxxx X.
Xxxxxxxxx
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Name:
Xxxx X.
Xxxxxxx
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Xxxxx
X. Xxxxxxxxx
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Title:
President
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Title:
President
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PACIFIC
INCOME ADVISORS, INC.
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By:
/s/ Xxxx
X.
Xxxxx
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Name:
Xxxx X.
Xxxxx
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Title:
Senior Vice President – COO
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1
Amended
Exhibit A
to
the Distribution Agreement
Fund
Names
Pacific
Income Advisors, Inc.
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Name
of Series
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Date
Added
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PIA
BBB Bond Fund
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10/27/2004
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PIA
MBS Bond Fund
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02/28/2006
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PIA
Short Term Government
Securities Fund
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10/27/2004
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PIA
Total Return Bond Fund
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10/27/2004
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2
Amended
Exhibit B
to
the
Distribution
Agreement – at July, 2006
Pacific
Income Advisors, Inc.
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Basic
Distribution
Services*
· [_]basis
point of the Fund’s average
daily net assets, payable monthly in arrears
· Minimum
annual
fee: first class or series -- $[____];
each additional series --
$[____]
Advertising
Compliance Review/NASD Filings
· $[____]per
job for the first [____]pages
(minutes if tape or video);
$[____]per
page (minute if tape or video)
thereafter
· Non-NASD
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.
· NASD
Expedited Service for 3
Day Turnaround
$[____]for
the first [____]pages
(minutes if audio or video);
$[____]per
page (minute if audio or
video) thereafter. (Comments are faxed. NASD may not
accept expedited request.)
Licensing
of Investment Advisor’s Staff (if desired)
· $[____]per
year per registered
representative
· Quasar
is limited to these
licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66,
63/65
· Plus
all associated NASD and
State fees for Registered Representatives, including license and
renewal
fees.
Fund
Fact Sheets
· Design
- $[____]per
fact sheet, includes first
production
· Production
- $[____]per
fact sheet per production
period
· All
printing costs are
out-of-pocket expenses, and in addition to the design fee and production
fee.
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
· NASD
registration
fees
(NASD advertising filing fees are included in Advertising Compliance
Review section above)
· record
retention
· travel,
lodging and
meals
Fees
are billed monthly.
*
Subject to CPI increase, MilwaukeeMSA.
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