SECOND AMENDMENT TO THE DISTRIBUTION AGREEMENT

SECOND AMENDMENT TO THE
DISTRIBUTION AGREEMENT

THIS SECOND AMENDMENT, dated as of the 3rd day of December, 2015, to the Distribution Agreement dated as of June 3, 2010, as amended September 22, 2011 (the “Agreement”) is entered into by and between Advisors Series Trust, a Delaware statutory trust (the “Trust”) and Quasar Distributors, LLC, a Delaware limited liability company (the “Distributor.”)

WHEREAS, the parties to the Agreement desire to amend the Agreement in the manner set forth herein;

                WHEREAS, the parties desire to amend the listed series of the Trust to add the X’Xxxxxxxxxxx Market Leaders Value Fund and the X’Xxxxxxxxxxx Small Cap Value Fund; and

NOW THEREFORE, pursuant to section 11 of the Agreement, the parties hereby amend the Agreement as follows:

Amended Exhibit A of the Agreement, the list of the X’Xxxxxxxxxxx Funds, shall be amended and replaced in its entirety by the Amended Exhibit A (“Amended Exhibit A”) attached herein.

The Agreement, as amended, shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed by a duly authorized officer on one or more counterparts as of the date first above written.

ADVISORS SERIES TRUST			QUASAR DISTRIBUTORS, LLC
By:	/s/ Xxxxxxx X. Xxxx		By:	/s/ Xxxxx X. Xxxxxxxxx
Name: Xxxxxxx X. Xxxx			Name: Xxxxx X. Xxxxxxxxx
Title: President			Title: President

X’Xxxxxxxxxxx

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Amended Exhibit A

 to the Distribution Agreement – Advisors Series Trust

Fund Names

Name of Series

X’Xxxxxxxxxxx Small/Mid Cap Growth Fund

X’Xxxxxxxxxxx Enhanced Dividend Fund

X’Xxxxxxxxxxx All Cap Core Fund

X’Xxxxxxxxxxx Global Equity Fund

X’Xxxxxxxxxxx Emerging Markets Fund

X’Xxxxxxxxxxx International Equity Fund

X’Xxxxxxxxxxx Market Leaders Value Fund

X’Xxxxxxxxxxx Small Cap Value Fund

X’Xxxxxxxxxxx

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