0000894189-06-000196 Sample Contracts

ADVISORS SERIES TRUST INVESTMENT ADVISORY AGREEMENT Chase Investment Counsel Corp.
Investment Advisory Agreement • January 27th, 2006 • Advisors Series Trust • Arizona

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 5th day of September, 1997, by and between ADVISORS SERIES TRUST, a Delaware business trust (hereinafter called the “Trust”), on behalf of the following series of the Trust, Chase Growth Fund (the “Fund”) and Chase Investment Counsel Corp., a Virginia corporation (hereinafter called the “Advisor”).

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ADVISORS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • January 27th, 2006 • Advisors Series Trust • Arizona

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of January 17, 2000, by and between ADVISORS SERIES TRUST, a Delaware business trust (the “Trust”), on behalf of the Chase Growth Fund (the “Fund”), a series of the Trust, and the Advisor of the Fund, Chase Investment Counsel Corp. (the “Advisor”).

ADVISORS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Advisors Series Trust • January 27th, 2006 • Advisors Series Trust • California

THIS OPERATION EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of July 21, 2004 by and between ADVISORS SERIES TRUST, a Delaware business trust (the “Trust”), on behalf of the Chase Mid Cap Growth Fund (the “Fund”), a series of the Trust, and the Advisor of the Fund, Chase Investment Counsel Corp. (the “Advisor”).

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