0000894189-09-001173 Sample Contracts

ADVISORS SERIES TRUST FIRST AMENDMENT TO THE OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • April 21st, 2009 • Advisors Series Trust

THIS AMENDMENT, dated as of the 20th day of April, 2009, to the Operating Expenses Limitation Agreement, originally made and entered into on December 20, 1999 (the “Agreement”), is entered into by and between ADVISORS SERIES TRUST, a Delaware statutory trust (the “Trust”), on behalf of the Capital Advisors Growth Fund (the “Fund”), a series of the Trust, and the Advisor of the Funds, Capital Advisors, Inc. (the “Advisor”).

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ADDENDUM TO THE ADVISORS SERIES TRUST TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • April 21st, 2009 • Advisors Series Trust

THIS ADDENDUM dated as of the 26th day of March, 2009, 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”) and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).

AMENDMENT TO THE ADVISORS SERIES TRUST CUSTODY AGREEMENT
Custody Agreement • April 21st, 2009 • Advisors Series Trust

THIS AMENDMENT dated as of the 5th day of June, 2008, 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 Capital Advisors Growth Fund, and U.S. Bank National Association, a national banking association (the "Custodian").

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