AMENDMENT TO THE ADVISORS SERIES TRUST CUSTODY AGREEMENT
AMENDMENT
TO THE
CUSTODY
AGREEMENT
THIS AMENDMENT dated as of the
25th day of November, 2008, to the Custody Agreement, dated as of June 6, 2006,
as amended (the "Custody Agreement"), is entered into by and between Advisors Series Trust, a
Delaware statutory trust (the "Trust") on behalf of its separate series, the
Xx Xxxxx Fund and the
Xx Xxxxx Dividend Value Fund,
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 the fees of the series of the Trust; and
WHEREAS, Article XV, Section
15.2 of the Custody Agreement allows for its amendment by a written instrument
executed by both parties.
NOW, THEREFORE, the parties
agree to amend the following:
Exhibit B
is hereby superseded and replaced with Exhibit B attached hereto.
Except to
the extent amended hereby, the Custody 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
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By:
/s/ Xxxxxxx X.
XxXxx
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Name:
Xxxxxxx X. Xxxx
|
Name:
Xxxxxxx X. XxXxx
|
Title: President
|
Title:
Vice President
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1
Exhibit
B
to
the Advisors Series Trust Custody Servicing Agreement
Name of Series
|
Date Added
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Xx
Xxxxx Fund
|
11/18/2002
|
Xx
Xxxxx Dividend Value Fund
|
9/30/2004
|
XX
XXXXX FUNDS
DOMESTIC
CUSTODY SERVICES ANNUAL
FEE
SCHEDULE EFFECTIVE 08/01/08
|
Annual fee based upon market
value per fund*:
Xx Xxxxx Fund (19-2600)
[____]
basis points on the fund’s month end market value
$[____]/month
minimum
Xx Xxxxx Dividend Value Fund
(19-2601)
[____]
basis points on the fund month end market value
$[____]/month minimum
Portfolio Transaction Fees
$[____]
per US Bank repurchase agreement transaction
$[____] per book entry security
(depository or Federal Reserve system
$[____]
per portfolio transaction processed through our New York custodian
definitive security (physical)
$[____]
per principal paydown
$[____]
per option/future contract written, exercised or expired
$[____]
per Cedel/Euroclear transaction
$[____]
per Mutual fund trade
$[____]
per Fed Wire
$[____]
per margin variation Fed wire
$[____]
per short sale
MINIMAL MONTHLY FEE
(MARKET VALUE + TRANSACTION CHARGES) - $300 PER FUND
· 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 [____].
· Plus
out-of-pocket expenses, and extraordinary expenses based upon complexity,
including items such as shipping fees or transfer fees.
Fees
are billed monthly.
*
Subject to CPI increase, Milwaukee MSA.
|
Advisor’s
Signature below acknowledges approval of the Exhibit B custody fee schedule
above.
XX
XXXXX ASSET MANAGEMENT, INC.
By: /s/ Xxxxx
Xxxx
Printed
Name:_Diane
Xxxx
Title:
CFO and
CCO
Date: 4/16/2009
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