AMENDMENT TO THE ADVISORS SERIES TRUST CUSTODY AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 3rd day of June, 2010, 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 PIA BBB Bond Fund, the PIA MBS Bond Fund, the PIA Short-Term Securities Fund and the PIA Moderate Duration Bond 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 Custody Agreement; 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Exhibit L is hereby superseded and replaced with Exhibit L attached hereto.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.
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U.S. BANK, N.A.
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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: Vice President
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1
Exhibit L
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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 Securities Fund
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10/27/2004
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PIA Moderate Duration Bond Fund
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10/27/2004
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PIA High Yield Fund
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06/03/2010
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PIA High Yield (MACS) Fund
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06/03/2010
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DOMESTIC CUSTODY SERVICES
FEE SCHEDULE at June, 2010
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I. Portfolio Transaction Fees:
DTC $[ ]
GNMA/ Amortized Security Purchase $[ ]
Fed Book Entry $[ ]
Physical $[ ]
Principal Paydown $[ ]
Option (Initial Only) / Future $[ ]
Repurchase Agreement $[ ]
Wires In/Out $[ ]
Mutual Fund Transactions $[ ]
A transaction is a purchase/sale of a security, free receipt/free delivery (excludes initial conversion), maturity, tender or exchange:
Overdrafts – charged to the account at prime interest rate plus 2.
II. Market Value Fee
Based upon an annual rate of:
[ ] basis point on the first $[ ] plus
[ ] basis point on the next $[ ] plus
[ ] basis point on excess of $[ ].
Total assets of the fund(s)
Subject to a $[ ]. Per month minimum per portfolio
III. Out-of-Pocket Expenses
The only out-of-pocket expenses charged to your account will be shipping
fees or transfer fees
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PACIFIC INCOME ADVISORS, INC.
By: /s/ Xxxx X. Xxxxx
Name: Xxxx X. Xxxxx
Title: COO Date:_7/8/10_
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