Schedule B

to the DISTRIBUTION AND SERVICE PLAN

(Rule 12b-1 Plan)

(as amended on March 16, 2012 to add Orinda SkyView Macro Opportunities Fund)

Series or Fund of Advisors Series Trust

Orinda SkyView Multi-Manager Hedged Equity Fund

Orinda SkyView Macro Opportunities Fund

ADVISORS SERIES TRUST  

on behalf of the Funds listed on Schedule B

By:             /s/ Douglas G. Hess

Name:        Douglas G. Hess

Title:          President