0000894189-20-005017 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • June 26th, 2020 • Advisors Series Trust

THIS DISTRIBUTION AGREEMENT ("Agreement") is by and between Quasar Distributors, LLC (the "Distributor"), Pzena Funds ("Fund Company") and Pzena Investment Management, LLC. ("Adviser").

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ADVISORS SERIES TRUST AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • June 26th, 2020 • Advisors Series Trust • Delaware

This AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is made as of the 28th day of June, 2020, 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 (each a “Fund”, and together the “Funds”), and Pzena Investment Management, LLC, a Delaware limited liability company (hereinafter called the “Adviser”).

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