0000894189-14-001413 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • March 25th, 2014 • Advisors Series Trust • Wisconsin

THIS AGREEMENT is made and entered into as of this 20th day of March, 2014, by and between ADVISORS SERIES TRUST, a Delaware business trust (the “Trust”) and QUASAR DISTRIBUTORS, LLC, a Delaware limited liability company (the “Distributor”). WASMER, SCHROEDER & COMPANY, INC., a Florida corporation and the investment advisor to the Trust (the “Advisor”), is a party hereto with respect to Section 5 only.

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ADVISORS SERIES TRUST INVESTMENT ADVISORY AGREEMENT with Wasmer, Schroeder & Company, Inc.
Investment Advisory Agreement • March 25th, 2014 • Advisors Series Trust • Delaware

This INVESTMENT ADVISORY AGREEMENT is made as of the 20th day of March, 2014, by and between Advisors Series Trust, a Delaware statutory trust (hereinafter called the “Trust”), on behalf of the series of the Trust indicated on Schedule A, which may be amended from time to time, (the “Fund”) and Wasmer, Schroeder & Company, Inc., a Florida corporation (hereinafter called the “Adviser”).

AMENDMENT TO THE ADVISORS SERIES TRUST TRANSFER AGENT SERVICING AGREEMENT
Advisors Series Trust • March 25th, 2014 • Advisors Series Trust

THIS AMENDMENT dated as of the 20th day of March, 2014, to the Transfer Agent Servicing Agreement, dated as of June 8, 2006, as amended (the "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 FUND ADMINISTRATION SERVICING AGREEMENT
Advisors Series Trust • March 25th, 2014 • Advisors Series Trust

THIS AMENDMENT dated as of the 20th day of March, 2014, to the Fund Administration Servicing Agreement, dated as of June 8, 2006, as amended (the "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 AMENDED AND RESTATED CUSTODY AGREEMENT
Advisors Series Trust • March 25th, 2014 • Advisors Series Trust

THIS AMENDMENT dated as of the 20th day of March, 2014, to the Amended and Restated Custody Agreement, originally made and entered into as of June 6, 2006, and amended and restated as of December 6, 2012 (the "Agreement"), is entered into by and between Advisors Series Trust, a Delaware statutory trust (the "Trust") and U.S. Bank National Association, a national banking association (the "Custodian").

ADVISORS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • March 25th, 2014 • Advisors Series Trust • Delaware

This OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is made as of the 20th day of March, 2014, by and between Advisors Series Trust, a Delaware statutory trust (hereinafter called the “Trust”), on behalf of the series of the Trust indicated on Schedule A, which may be amended from time to time, (the “Fund”) and Wasmer, Schroeder & Company, Inc., a Florida corporation (hereinafter called the “Adviser”).

AMENDMENT TO THE ADVISORS SERIES TRUST FUND ACCOUNTING SERVICING AGREEMENT
Advisors Series Trust • March 25th, 2014 • Advisors Series Trust

THIS AMENDMENT dated as of the 20th day of March, 2014, to the Fund Accounting Servicing Agreement, dated as of June 8, 2006, as amended (the "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").

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