0000894189-08-000741 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • February 28th, 2008 • Advisors Series Trust • Wisconsin

THIS AGREEMENT is made and entered into this 10th day of May, 2007, by and between ADVISOR SERIES TRUST, a Delaware business trust (the “Trust”), on behalf of its fund the Edgar Lomax Value Fund and QUASAR DISTRIBUTORS, LLC, a Delaware limited liability company (the “Distributor”). EDGAR LOMAX COMPANY, the investment advisor to the Fund (the “Advisor”), is a party hereto with respect to Section 5 only.

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ADVISORS SERIES TRUST INVESTMENT ADVISORY AGREEMENT The Edgar Lomax Company
Investment Advisory Agreement • February 28th, 2008 • Advisors Series Trust • Arizona

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 26th 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, Edgar Lomax Value Fund (the “Fund”) and The Edgar Lomax Company, a Delaware corporation (hereinafter called the “Advisor”).

ADVISORS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • February 28th, 2008 • Advisors Series Trust • Arizona

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of January 1, 2001, by and between ADVISORS SERIES TRUST, a Delaware business trust (the “Trust”), on behalf of the Edgar Lomax Value Fund (the “Fund”), a series of the Trust and the Advisor of such Fund, The Edgar Lomax Company (the “Advisor”).

AMENDMENT NO. 1 TO THE INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 28th, 2008 • Advisors Series Trust

This Amendment No. 1 (this “Amendment”) is made as of June 7, 1999 by and between ADVISORS SERIES TRUST, a Delaware business trust (the “Trust”), on behalf of the following series of the Trust, Edgar Lomax Value Fund (the “Fund”) and The Edgar Lomax Company, a Delaware corporation (the “Advisor”).

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