AMENDMENT TO THE ADVISORS SERIES TRUST CUSTODY AGREEMENT
AMENDMENT
TO THE
CUSTODY
AGREEMENT
THIS AMENDMENT dated as of the
21st
day of September, 2007, to the Custody Agreement, dated as of June 6, 2006, as
amended (the "Agreement"), is entered by and between Advisors Series Trust, a
Delaware statutory trust (the "Trust") and U.S. Bank National Association,
a national banking association (the "Custodian").
RECITALS
WHEREAS, the parties have
entered into a Custody Agreement; and
WHEREAS, the parties desire to
amend said Custody Agreement; and
WHEREAS, Article XV, Section
15.2 of the Agreement allows for its amendment
by a
written instrument executed by the Custodian and the Trust.
NOW, THEREFORE, the parties
agree to amend the following Exhibit R:
Exhibit
R, the funds and fees of Xxxxx Capital Equity Income Fund and Xxxxx Capital
Small Cap Value Fund, is superseded and replaced with Exhibit R attached
hereto.
Except to
the extent amended hereby, the Agreement 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 and year first written
above.
U.S.
BANK, N.A.
|
||||
By:
|
/s/ Xxxxxxx X. Xxxx |
By:
|
/s/ Xxxxxxx X. XxXxx | |
Name:
|
Xxxxxxx
X. Xxxx
|
Name:
|
Xxxxxxx
X. XxXxx
|
|
Title:
|
President
|
Title:
|
Vice
President
|
|
Exhibit
R
to
the
Separate
Series of Advisors Series Trust Custody Agreement
Name of Series
|
Date Added
|
|
Xxxxx
Capital Equity Income Fund
|
June
21, 2007
|
|
Xxxxx
Capital Small Cap Value Fund
|
June
21, 2007
|
For the
services rendered by U.S. Bank, N.A. under this Agreement, the Fund(s) listed
herein shall pay U.S. Bank compensation as set forth in the Fee Schedule
below:
Multiple Series
Trust
DOMESTIC
CUSTODY SERVICES
FEE
SCHEDULE at August, 2007
|
Annual Fee Based Upon Market Value Per
Fund*
1.00
basis point on average daily market value
Minimum
annual fee per fund - $______
Plus
portfolio transaction fees
Portfolio
Transaction Fees
$_____
per book entry DTC transaction
$_____
per principal paydown
$_____
per short sale
$_____
per US Bank repurchase agreement transaction
$_____
per option/future contract written, exercised or expired
$_____
per book entry Federal Reserve transaction
$_____
per mutual fund trade
$_____
per physical transaction
$_____
per Cedel/Euroclear transaction
$_____
per disbursement (waived if U.S. Bancorp is Administrator)
$_____
per Fed Wire
$_____
per margin variation Fed wire
$_____
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 2.
Plus Out-Of-Pocket Expenses – Including but
not limited to expenses incurred in the safekeeping, delivery and receipt
of securities, shipping, transfer fees, extraordinary expenses based upon
complexity, and all other out-of-pocket expenses.
Fees
are billed monthly.
*
Subject to annual CPI increase, Milwaukee
MSA.
|
Advisor’s
Signature below acknowledges approval of the domestic and global sub-custodial
fee schedule on this Exhibit X.
Xxxxx
Capital Management LLC
By:
/s/ Xxxx
Xxxxxx
Printed
Name: Xxxx
Xxxxxx
Title:
COO/CCO
Dated:
9/21/07
Exhibit R
(continued) to the Advisors Series Trust Custody Agreement
GLOBAL
SUB-CUSTODIAL SERVICES
ANNUAL
FEE SCHEDULE at August, 2007
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||||||||
Country
|
Instrument
|
Safekeeping
(BPS)
|
Transaction
Fee
|
Country
|
Instrument
|
Safekeeping
(BPS)
|
Transaction
Fee
|
|
Argentina
|
All
|
$_____
|
$_____
|
Latvia
|
Equities/Bonds
|
$_____
|
$_____
|
|
Australia
|
All
|
$_____
|
$_____
|
Latvia
|
Gov't
Bonds
|
$_____
|
$_____
|
|
Austria
|
Equities/Bonds
|
$_____
|
$_____
|
Lebanon
|
All
|
$_____
|
$_____
|
|
Austria
|
Depo
Receipt
|
$_____
|
$_____
|
Lithuania
|
All
|
$_____
|
$_____
|
|
Austria
|
non
ATS ALL
|
$_____
|
$_____
|
Luxembourg
|
All
|
$_____
|
$_____
|
|
Bahrain
|
All
|
$_____
|
$_____
|
Malaysia
|
All
|
$_____
|
$_____
|
|
Bangladesh
|
All
|
$_____
|
$_____
|
Mali
|
All
|
$_____
|
$_____
|
|
Belgium
|
All
|
$_____
|
$_____
|
Malta
|
All
|
$_____
|
$_____
|
|
Benin
|
All
|
$_____
|
$_____
|
Mauritius
|
All
|
$_____
|
$_____
|
|
Bermuda
|
All
|
$_____
|
$_____
|
Mexico
|
All
|
$_____
|
$_____
|
|
Bolivia
|
All
|
$_____
|
$_____
|
Morocco
|
All
|
$_____
|
$_____
|
|
Botswana
|
All
|
$_____
|
$_____
|
Namibia
|
All
|
$_____
|
$_____
|
|
Brazil
|
All
|
$_____
|
$_____
|
Netherlands
|
All
|
$_____
|
$_____
|
|
Bulgaria
|
All
|
$_____
|
$_____
|
New
Zealand
|
All
|
$_____
|
$_____
|
|
Burkina
Faso
|
All
|
$_____
|
$_____
|
Niger
|
All
|
$_____
|
$_____
|
|
Canada
|
All
|
$_____
|
$_____
|
Nigeria
|
All
|
$_____
|
$_____
|
|
Cayman
Islands
|
All
|
$_____
|
$_____
|
Norway
|
All
|
$_____
|
$_____
|
|
Channel
Islands
|
All
|
$_____
|
$_____
|
Oman
|
All
|
$_____
|
$_____
|
|
Chile
|
All
|
$_____
|
$_____
|
Panama
|
All
|
$_____
|
$_____
|
|
China-Shanghai
|
All
|
$_____
|
$_____
|
Pakistan
|
All
|
$_____
|
$_____
|
|
China-Shenzhen
|
All
|
$_____
|
$_____
|
Palestinian
|
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
|
$_____
|
$_____
|
|
EASDAQ
|
All
|
$_____
|
$_____
|
Russia
|
Equities/Bonds
|
$_____
|
$_____
|
|
Ecuador
|
All
|
$_____
|
$_____
|
Russia
|
MINFIN
|
$_____
|
$_____
|
|
Egypt
|
All
|
$_____
|
$_____
|
Senegal
|
All
|
$_____
|
$_____
|
|
Estonia
|
All
|
$_____
|
$_____
|
Singapore
|
All
|
$_____
|
$_____
|
|
Euromarkets
|
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
|
Equities
|
$_____
|
$_____
|
Venezuela
|
All
|
$_____
|
$_____
|
|
Kazakhstan
|
Bonds
|
$_____
|
$_____
|
Vietnam
|
All
|
$_____
|
$_____
|
|
Kenya
|
All
|
$_____
|
$_____
|
Zambia
|
All
|
$_____
|
$_____
|
|
Zimbabwe
|
All
|
$_____
|
$_____
|
Base
Fee – A monthly base charge of $________ per account (fund) will
apply- WAIVED
Any
Non-Eurobond assets held in CEDEL and Euroclear will be charged at the local
market price quote.
All fees
quoted are payable monthly
/s/
Xxxx
Xxxxxx
9/21/07
|