Common use of Services Included in Annual Fee Per Fund Clause in Contracts

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) Section 15(c) Reporting § $__ /fund per report – first class § $__ /additional class report CCO Annual Fees (Per Advisor Relationship/Fund)* § $__ /fund (normally $__ per fund) § $__ / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs, postage, stationery, programming, special reports, proxies, insurance, XXXXX filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Xxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board materials, and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly. Advisor’s signature below acknowledges approval of the fee schedules on this Exhibit B. By: Rockefeller & Co., Inc. Name: /s/ Xxxxx Xxxxxxxxx Title: Xxxxx Xxxxxxxxx, Chief Financial Officer Date: November 30, 2013

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) Section 15(c) Reporting § $__ /fund per report – first class § $__ /additional class report CCO Annual Fees (Per Advisor Relationship/Fund)* § $___ /fund (normally $___ per fund) § $___ / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs, postage, stationery, programming, special reports, proxies, insurance, XXXXX EXXXX filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Xxxxxxx Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board materials, and additional services mutually agreed upon. ** Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly. (signature on the following page) Pzena Exhibit II (continued) to the Advisors Series Trust Fund Administration Servicing Advisor’s signature Signature below acknowledges approval of the fee schedules on this Exhibit B. II. Pzena Investment Management, LLC By: Rockefeller & Co., Inc. /s/ Wxxxxxx X. Xxxxxx Printed Name: /s/ Xxxxx Xxxxxxxxx Wxxxxxx X. Xxxxxx Title: Xxxxx Xxxxxxxxx, Chief Financial Officer President Date: November 30Mxxxx 00, 20130000

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) Section 15(c) Reporting § $__ /fund per report – first class § $__ /additional class report CCO Annual Fees (Per Advisor Relationship/Fund)* § $__ 14,000 /fund (normally $__ per fundsubject to change based on Board review and approval) § $__ 3,500 / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costscosts (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, XXXXX EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Xxxxxxx Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board materialsbook portal (BookMark), and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly. Advisor’s signature Signature below acknowledges approval of the fee schedules above and on this Exhibit B. page 3. Contravisory Investment Management, Inc. By: Rockefeller & Co., Inc. /s/Mxxxxxx X. Xxxxxxxx Name: /s/ Xxxxx Xxxxxxxxx Mxxxxxx X. Xxxxxxxx Title: Xxxxx Xxxxxxxxx, Chief Financial Officer SVP/CCO Date: November 306/9/2011 Exhibit W (continued) to the Professionally Managed Portfolios Fund Administration Servicing Agreement FUND ADMINISTRATION & COMPLIANCE PORTFOLIO SERVICES SUPPLEMENTAL SERVICES - FEE SCHEDULE at May, 20132011 Annual Legal Administration (INCLUDED IN ANNUAL FEE) Add the following for legal administration services in support of external legal counsel, including annual registration statement update and drafting of supplements: § $15,000 additional minimum Additional Services (NOT INCLUDED IN ANNUAL FEE) § New fund launch – as negotiated based upon specific requirements § Subsequent new fund launch – $15,000 /project § Subsequent new share class launch – $10,000 /project § Multi-managed funds – as negotiated based upon specific requirements § Proxy – as negotiated based upon specific requirements Daily Compliance Services (Cxxxxxx River) § Base fee – $20,000 /fund per year § Setup – $2,500 /fund group § Data Feed – $0.15 /security per month Section 15(c) Reporting § $2,000 /fund per report – first class § $600 /additional class report Equity Attribution (Morningstar Direct) § $16,000 first user § $10,500 second user § $8,000 thereafter BookMark Electronic Board Book Portal § USBFS will establish a central, secure portal for Board materials using a unique client board URL. § Your Fund Administrator will load/maintain all fund board book data for the main fund board meetings and meetings. § Features password-protected, encrypted servers with automatic failover. § Training and ongoing system support. § Accessible from your smart phone or iPad. § Allows multiple users to access materials concurrently. § Searchable archive. § Ability to make personal comments. Annual Fee § $4,800 /year (includes 10 external users) Daily Pre- and Post-Tax Performance Reporting (INCLUDED IN ANNUAL FEE) § Performance Service – $300 /CUSIP per month § Setup – $100 /CUSIP § Conversion – quoted separately § FTP Delivery – $2,500 setup /FTP site

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) Section 15(c) Reporting § $__ /fund per report – first class § $__ /additional class report CCO Annual Fees (Per Advisor Relationship/Fund)* § $__ […]/fund (normally $__ per fundsubject to change based on Board review and approval) § $__ […]/ sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costscosts (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, XXXXX EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Xxxxxxx Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board materialsbook portal (BookMark), and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly. Advisor’s signature Signature below acknowledges approval of the fee schedules on this Exhibit B. I. Bushido Capital Partners LLC By: Rockefeller & Co., Inc. /s/ Jxxx Xxxxxxx Printed Name: /s/ Xxxxx Xxxxxxxxx Jxxx X. Xxxxxxx Title: Xxxxx XxxxxxxxxManaging Partner Date:8/13/12 Exhibit I (continued) to the Fund Administration Servicing Agreement – Managed Portfolios Series FUND ADMINISTRATION & COMPLIANCE PORTFOLIO SERVICES SUPPLEMENTAL SERVICES - FEE SCHEDULE at May, Chief Financial Officer Date2012 Annual Legal Administration (INCLUDED IN ANNUAL FEE) Add the following for legal administration services in support of external legal counsel, including annual registration statement update and drafting of supplements: November 30§ $[…]additional minimum Additional Services (NOT INCLUDED IN ANNUAL FEE) § New fund launch – as negotiated based upon specific requirements § Subsequent new fund launch – $[…]/project § Subsequent new share class launch – $[…]/project § Multi-managed funds – as negotiated based upon specific requirements § Proxy – as negotiated based upon specific requirements Daily Compliance Services (Cxxxxxx River) § Base fee – $[…]/fund per year § Setup – $[…]/fund group § Data Feed – $[…]/security per month Section 15(c) Reporting § $[…]/fund per report – first class § $[…] /additional class report Equity Attribution (Morningstar Direct) § $[…]first user § $[…]second user § $[…]thereafter BookMark Electronic Board Book Portal § USBFS will establish a central, 2013secure portal for Board materials using a unique client board URL. § Your Fund Administrator will load/maintain all fund board book data for the main fund board meetings and meetings. § Features password-protected, encrypted servers with automatic failover. § Training and ongoing system support. § Accessible from your smart phone or iPad. § Allows multiple users to access materials concurrently. § Searchable archive. § Ability to make personal comments. Annual Fee § 0 - 10 users - $[…] (includes 3 GB of storage) § 10 - 20 users - $[…] § 20 - 30 users - $[…] § 30 - 40 users - $[…] Additional storage: § 3 GB included in annual charge § $[…] for each additional 5 GB of storage Daily Pre- and Post-Tax Fund (INCLUDED IN ANNUAL FEE) and/or Sub-Advisor Performance Reporting § Performance Service – $[…] /CUSIP per month § Setup – $[…] /CUSIP § Conversion – quoted separately § FTP Delivery – $[…]setup /FTP site

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) Section 15(c) Reporting § $__ /fund per report – first class § $__ /additional class report CCO Annual Fees (Per Advisor Relationship/Fund)* § $___ /fund (normally $__ per fundsubject to change based on Board review and approval) § $___ / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costscosts (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, XXXXX EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Xxxxxxx Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board materialsbook portal (BookMark), and additional services mutually agreed upon. ** Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly. Advisor’s signature below acknowledges approval of not required as fees are not changing; only the fee schedules on this Sxxxxx Global Opportunity Fund is being added. Amended Exhibit B. By: Rockefeller CC (continued) to the Advisors Series Trust Fund Administration Servicing Agreement FUND ADMINISTRATION & Co.COMPLIANCE PORTFOLIO SERVICES SUPPLEMENTAL SERVICES FEE SCHEDULE at December, Inc. Name: /s/ Xxxxx Xxxxxxxxx Title: Xxxxx Xxxxxxxxx, Chief Financial Officer Date: November 30, 20132012

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) Section 15(c) Reporting § $__ /fund per report – first class § $__ /additional class report CCO Annual Fees (Per Advisor Relationship/Fund)* § $__ […] /fund (normally $__ per fundsubject to change based on Board review and approval) § $__ […] / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costscosts (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, XXXXX EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Xxxxxxx Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board materialsbook portal (BookMark), and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly. Advisor’s signature Signature below acknowledges approval of the fee schedules on this Exhibit B. D. Cove Street Capital, LLC By: Rockefeller & Co., Inc. /s/ Dxxxxxx Xxxxxxx Printed Name: /s/ Xxxxx Xxxxxxxxx Dxxxxxx Xxxxxxx Title: Xxxxx Xxxxxxxxx, Chief Financial Officer President Date: November 30, 20138/16/2017