0000894189-07-003792 Sample Contracts

ADVISORS SERIES TRUST INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 28th, 2007 • Advisors Series Trust • California

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 28th day of December, 2007, by and between Advisors Series Trust, a Delaware statutory trust (hereinafter called the "Trust"), on behalf of each series of the Trust as listed in Schedule A attached hereto (each a “Fund” and together the "Funds") and Rigel Capital LLC, a Delaware limited liability company (hereinafter called the "Advisor").

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ADVISORS SERIES TRUST FUND ACCOUNTING SERVICING AGREEMENT
Advisors Series Trust • December 28th, 2007 • Advisors Series Trust

THIS AMENDMENT dated as of the 12th day of December, 2007, to the Fund Accounting Servicing Agreement, dated as of June 8, 2006, as amended (the "Fund Accounting Agreement"), is entered by and between Advisors Series Trust, a Delaware statutory trust (the "Trust") on behalf of its separate series, the Rigel U.S. Equity Large Cap Growth Fund and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").

AMENDMENT TO THE ADVISORS SERIES TRUST FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • December 28th, 2007 • Advisors Series Trust

THIS AMENDMENT dated as of the 12th day of December, 2007, to the Fund Administration Servicing Agreement, dated as of June 8, 2006, as amended (the "Fund Administration Agreement"), is entered by and between Advisors Series Trust, a Delaware statutory trust (the "Trust") on behalf of its separate series, the Rigel U.S. Equity Large Cap Growth Fund and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").

AMENDMENT TO THE ADVISORS SERIES TRUST TRANSFER AGENT SERVICING AGREEMENT
Advisors Series Trust • December 28th, 2007 • Advisors Series Trust

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 by and between Advisors Series Trust, a Delaware statutory trust (the "Trust") on behalf of its separate series, the Rigel U.S. Equity Large Cap Growth Fund and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").

ADVISORS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • December 28th, 2007 • Advisors Series Trust • California

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of December 28, 2007 by and between ADVISORS SERIES TRUST, a Delaware statutory trust (the “Trust”), on behalf of each series listed in Appendix A as attached hereto, each a series of the Trust, and the Advisor of the Fund(s), RIGEL CAPITAL LLC (the “Advisor”).

AMENDMENT TO DISTRIBUTION AGREEMENT
Distribution Agreement • December 28th, 2007 • Advisors Series Trust

THIS AMENDMENT, dated as of the 12th day of December, 2007, by and among Advisors Series Trust, a Delaware statutory trust (the “Trust”) on behalf of its series, Rigel U.S. Equity Large Cap Growth Fund, Quasar Distributors, LLC, a Delaware limited liability company (the “Distributor”), and Rigel Capital, LLC, “the Advisor”), as parties to the Distribution Agreement dated as of July 24, 2006 (the “Agreement”).

AMENDMENT TO THE ADVISORS SERIES TRUST CUSTODY AGREEMENT
Advisors Series Trust • December 28th, 2007 • Advisors Series Trust

THIS AMENDMENT dated as of the 12th day of December, 2007, to the Custody Agreement, dated as of June 6, 2006, as amended (the "Custody Agreement"), is entered by and between Advisors Series Trust, a Delaware statutory trust (the "Trust") on behalf of its separate series, the Rigel U.S. Equity Large Cap Growth Fund and U.S. Bank National Association, a national banking association (the "Custodian").

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