SCHEDULE A

to the Investment Sub-Advisory Agreement

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

Series of Advisors Series Trust	Annual Sub-Advisory Fee Rate as a Percentage of Fund’s Average Daily Net Assets
Orinda SkyView Multi-Manager Hedged Equity Fund	1.55%, less all other Sub-Advisory Fees Paid to other Sub-Advisors
Orinda SkyView Macro Opportunities Fund	0.55% of the Fund’s average daily net assets

ADVISORS SERIES TRUST	ORINDA ASSET MANAGEMENT, LLC
on behalf of the Funds listed on Schedule A
By:          /s/ Douglas G. Hess	By:           /s/ Craig M. Kirkpatrick
Name:     Douglas G. Hess	Name:      Craig M. Kirkpatrick
Title:       President	Title:        President

SKYVIEW ASSET MANAGEMENT, LLC

By:           /s/Steven J. Turi

Name:      Steven J. Turi

Title:        Managing Partner

A-1