0001398344-17-000974 Sample Contracts

EVERGREEN CAPITAL MANAGEMENT, LLC 10500 NE 8th, Suite 950 Bellevue, WA 98004
Management Fee Limitation Agreement • January 27th, 2017 • ALPS Series Trust
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CLARKSTON CAPITAL PARTNERS, LLC
Management Fee Limitation Agreement • January 27th, 2017 • ALPS Series Trust

This letter confirms the agreement of Clarkston Capital Partners, LLC (the “Adviser”) with the Trust to contractually limit the total amount of the “Management Fees” and “Other Expenses” that it is entitled to receive from the Clarkston Funds.

MERITAGE LETTERHEAD]
Expense Limitation Agreement • January 27th, 2017 • ALPS Series Trust
COGNIOS CAPITAL, LLC LETTERHEAD]
Investment Advisory Agreement • January 27th, 2017 • ALPS Series Trust
DDJ CAPITAL MANAGEMENT, LLC
Management Fee Agreement • January 27th, 2017 • ALPS Series Trust

This letter confirms the agreement of DDJ Capital Management, LLC (the “Adviser”) with the Trust to contractually limit the total amount of the “Management Fees” that it is entitled to receive from the Fund and to reimburse “Other Expenses” to the extent required.

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