0000894189-22-009486 Sample Contracts

ADVISORS SERIES TRUST AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • December 30th, 2022 • Advisors Series Trust • Delaware

THIS AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of December 21, 2022 by and between ADVISORS SERIES TRUST, a Delaware statutory trust (the “Trust”), on behalf of each series listed in Appendix A, which may be amended from time to time (each a “Fund”, and together the “Funds”), and the investment adviser of the Fund(s), Scharf Investments, LLC (the “Adviser”).

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SECOND AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 30th, 2022 • Advisors Series Trust

THIS SECOND AMENDMENT dated as of the 21st day of December, 2022, to the Investment Advisory Agreement, dated as of July 1, 2015, as first amended April 1, 2020 (the "Agreement"), is entered into by and between Advisors Series Trust, a Delaware statutory trust ("Trust") and Scharf Investments, LLC, a Delaware limited liability company ("Advisor").

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