0000894189-09-001015 Sample Contracts

AMENDMENT TO THE ADVISORS SERIES TRUST CUSTODY AGREEMENT
Advisors Series Trust • March 30th, 2009 • Advisors Series Trust

THIS AMENDMENT dated as of the 18th day of May, 2007, to the Custody Agreement, dated as of June 6, 2006, as amended (the "Custody Agreement"), is entered by and between Advisors Series Trust, a Delaware statutory trust (the "Trust") on behalf of its separate series, the PIA BBB Bond Fund Managed Account Completion Shares Fund, the PIA MBS Bond Fund Managed Account Completion Shares Fund, the PIA Short-Term Securities Fund and the PIA Moderate Duration Bond Fund and U.S. Bank National Association, a national banking association (the "Custodian").

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ADVISORS SERIES TRUST INVESTMENT ADVISORY AGREEMENT Pacific Income Advisers, Inc.
Investment Advisory Agreement • March 30th, 2009 • Advisors Series Trust • California

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 13th day of September, 2004, by and between Advisors Series Trust, a Delaware business trust (hereinafter called the “Trust”), on behalf of the following series of the Trust, PIA Short-Term Government Securities Fund, PIA Equity Fund, PIA Total Return Bond Fund and PIA BBB Bond Fund (collectively, the “Funds”) and Pacific Income Advisers, Inc., a Delaware corporation (hereinafter called the “Advisor”).

AMENDMENT TO THE ADVISORS SERIES TRUST FUND ADMINISTRATION SERVICING AGREEMENT
Advisors Series Trust • March 30th, 2009 • Advisors Series Trust

THIS AMENDMENT dated as of the15th day of July, 2008, to the Fund Administration Servicing Agreement, dated as of June 8, 2006, as amended (the "Fund Administration Agreement"), is entered into by and between Advisors Series Trust, a Delaware statutory trust (the "Trust") on behalf of its separate series, the PIA BBB Bond Fund Managed Account Completion Shares Fund, the PIA MBS Bond Fund Managed Account Completion Shares Fund, the PIA Short-Term Securities Fund and the PIA Moderate Duration Bond Fund and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").

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