0000894189-23-001549 Sample Contracts

ADVISORS SERIES TRUST INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 27th, 2023 • Advisors Series Trust • Delaware

This INVESTMENT ADVISORY AGREEMENT ls made as of the 3rd day of September, 2019, by and between Advisors Series Trust, a Delaware statutory trust (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 the investment adviser of the Fund, First State Investments (US) LLC, a Delaware limited liability company (the "Adviser”)

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ADVISORS SERIES TRUST AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • February 27th, 2023 • Advisors Series Trust • Delaware

This AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is made as of the 28th day of February, 2023, by and between Advisors Series Trust, a Delaware statutory trust (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 First Sentier Investors (US) LLC, a Delaware limited liability company (the “Advisor”).

ADVISORS SERIES TRUST
Investment Advisory Agreement • February 27th, 2023 • Advisors Series Trust

This AMENDMENT is made as of September 22, 2020, to the Investment Advisory Agreement dated September 3, 2019 (the “Agreement”), by and between Advisors Series Trust, a Delaware statutory trust (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 First State Investments (US) LLC, the investment adviser of the Funds, a Delaware limited liability company (the “Adviser”).

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • February 27th, 2023 • Advisors Series Trust • Delaware

This AGREEMENT is made as of the 3rd day of September 2019, by and among Colonial First State Asset Management (Australia) Limited, an Australia corporation located at Darling Park, Tower 1, 201 Sussex Street, Sydney NSW 2000 Australia (the “Sub-Adviser”), First State Investments (US) LLC, a Delaware limited liability company located at 10 East 53rd Street, Floor 21, New York, New York, 10022 (the “Manager”), and Advisors Series Trust, a Delaware statutory trust with its principal office located at 615 East Michigan Street, Milwaukee, WI 53202 (hereinafter called the “Trust”), on behalf of the series of the Trust indicated on Schedule A.

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