AMENDMENT TO THE ADVISORS SERIES TRUST TRANSFER AGENT SERVICING AGREEMENT
AMENDMENT
TO THE
THIS
AMENDMENT dated
as of the 12th
day of December, 2007, to the Transfer Agent Servicing Agreement, dated as
of
June 8, 2006, as amended (the “Transfer Agent Agreement”), is entered into by
and between Advisors Series Trust, a Delaware statutory trust
(the “Trust”) on behalf of its separate series, The American Trust
Allegiance Fund and U.S. Bancorp Fund Services, LLC, a
Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS,
the parties
have entered into a Transfer Agent Agreement; and
WHEREAS,
the parties desire to amend the series of the Trust to add a fund and amend
the
fees; and
WHEREAS,
Section 12 of the Transfer Agent Agreement allows for its amendment by a written
instrument executed by both parties.
NOW,
THEREFORE, the parties agree to amend the following:
Exhibit
C
is hereby superseded and replaced with Exhibit C attached hereto.
Except
to
the extent amended hereby, the Transfer Agent 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.
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U.S.
BANCORP FUND SERVICES, LLC
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|
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By:
/s/ Xxxxxxx X. Xxxx
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By:
/s/ Xxxxxxx X. XxXxx
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|
Name:
Xxxxxxx X. Xxxx
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Name:
Xxxxxxx X. XxXxx
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Title: President
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Title: Executive
Vice President
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1
Exhibit
C to the Advisors Series Trust Transfer Agent Servicing
Agreement
| Name of Series | Date Added | |
| The American Trust Allegiance Fund | 11/18/2002 | |
| The American Trust Energy Alternatives Fund | on or after 12/12/2007 |
For
the
services rendered by USBFS under this Agreement, the Fund(s) listed herein
shall
pay USBFS compensation as set forth in the Fee Schedule below:
|
TRANSFER
AGENT & SHAREHOLDER SERVICES
FEE
SCHEDULE at December, 2007
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|
|
Service
Charges to the Fund*
Shareholder
Account Fee (Subject to Minimum)
¨ No-Load -
$[___] /account
¨ Load
Fund - $[___] /account
¨ Daily
Accrual Fund - $[___] /account
¨ Closed
Accounts - $[___] /account
Year
1:
$[___]
Minimum
[___]
bp to cover all other out- of- pocket expenses and semi-annual
mailings
[___]
bp to cover all other out-of-pocket expenses and quarterly
mailings
(out-of-pockets
do not include proxies, programming or system charges)
Year
2 all of the following service charges apply:
Annual
Minimum – Up to [___] accounts per fund
¨ $[___]
per no-load fund
¨ $[___]
first load or daily accrual fund
¨ $[___]
each additional class
[___]
bp to cover all other out-of-pocket expenses and quarterly mailings
(out-of-pockets do not include proxies, programming or system
charges)
Annual
Minimum – Over [___] accounts per fund
¨ $[___]
per no-load fund
¨ $[___]
per load or daily accrual fund
¨ $[___]
each additional class
[___]
bp to cover all other out-of-pocket expenses and quarterly mailings
(out-of-pockets do not include proxies, programming or system
charges)
Activity
Charges
¨ Telephone
Calls - $[___] /minute
¨ 401(k)
Daily Valuation Trades - $[___]/trade
¨ Omnibus
Account Transactions
¨ $[___]
each – first 100 transactions
¨ $[___]
each – next 400 transactions
¨ $[___]
each – next 1,500 transactions
¨ $[___]
each – next 3,000 transactions
¨ $[___]
each – balance of transactions
¨ E-mail
Services
$[___]
/month administration
$[___]
/e-mail received
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Service
Charges to Investors
Qualified
Plan Fees (Billed to Investors)
¨ $[___]
/qualified plan acct (Cap at $[___]/SSN)
¨ $[___]
/Xxxxxxxxx ESA acct (Cap at $[___]/SSN)
¨ $[___]
/transfer to successor trustee
¨ $[___]
/participant distribution (Excluding SWPs)
¨ $[___]
/refund of excess contribution
Additional
Shareholder Fees (Billed to Investors)
¨ $[___]
/outgoing wire transfer
¨ $[___]
/overnight delivery
¨ $[___]
/telephone exchange
¨ $[___]
/return check or ACH
¨ $[___]
/stop payment
¨ $[___]
/research request (Cap at $[___]/request)
(For
requested items of the second calendar year [or previous] to the
request)
Technology
Charges
1. Fund
Group Setup (first cusip) - $[___] /fund group
2. Fund
Setup - $[___] /cusip (beyond first cusip)
3. NSCC
Service Interface – All NSCC Services
¨ Setup
- $[___] /fund group
¨ Annual
- $[___] /cusip/year
4. Telecommunications
and Voice Services
¨ Service
Setup - $[___] ATT transfer connect
¨ VRU
Setup - $[___] /fund group
¨ VRU
Maintenance - $[___] /cusip/month
¨ Voice
Response Calls - $[___] /call
5. Asset
Allocation Services - $[___] /account group/year (4
reallocations)
6 12b-1
Aging - $[___] /account/year
7. Average
Cost - $[___] /account/year
8. Development/Programming
- $[___]/hour
9. Excessive
Trader - $[___] setup/fund group of 1-5 funds, $[___] setup/fund
group of over 5 funds, $[___]/account/year
10. File
Transmissions – subject to requirements
11.
Selects - $[___] per select
12.
ReportSource - $[___]/month – Web reporting
13.
Short-Term Trader*
¨ 90
days or less - $[___] /open account
¨ 91-180
days - $[___] /open account
¨ 181-270
days - $[___] /open account
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2
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Exhibit
C (continued) to the AST Transfer Agent Agreement
¨ Draft
Check Processing - $[___] /draft
¨ Daily
Valuation Trades - $[___] /trade
¨ Lost
Shareholder Search - $[___] /search
¨ AML
New Account Service - $1.00/new domestic accounts
and $[___]/new
foreign account
¨ ACH/EFT
Shareholder Services:
$[___]
/month/fund group
$[___]
/ACH item, setup, change
$[___]
/correction, reversal
Out-of-pocket
Costs - Including but not limited to:
¨ Telephone
toll-free lines, call transfers, etc.
¨ Mailing,
sorting and postage
¨ Stationery,
envelopes
¨ Programming,
special reports
¨ Insurance,
record retention, microfilm/fiche
¨ Proxies,
proxy services
¨ ACH
fees, NSCC charges
¨ Disaster
recovery – $[___] per open account
¨ All
other out-of-pocket expenses
Fees
are billed monthly.
*
Subject to CPI increase, Milwaukee MSA.
|
¨ 271
days – 1 year - $[___] /open account
¨ 1
year – 2 years - $[___] /open account
14. Extraordinary
services – charged as incurred
¨ Conversion
of Records (if necessary) – Estimate to be provided.
¨ Custom
processing, re-processing
¨ All
other extraordinary services
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Advisor’s
Signature below acknowledges approval of the Exhibit C fee schedule above to
the
AST Transfer Agent Servicing Agreement.
American
Trust Investment Advisors, LLC
By:
/s/ Xxxx X.
Xxxxxxx
Printed
Name: Xxxx X.
Xxxxxxx
Title:
President Date:
2/5/2008
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