SCHEDULE A

to the Investment Sub-Advisory Agreement

(as amended on September 19, 2013 and effective as of January 1, 2014)

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	0.95%

ORINDA ASSET MANAGEMENT, LLC By:           /s/ Craig M. Kirkpatrick Name:     Craig M. Kirkpatrick Title:       President	CONNECTIVE CAPITAL MANAGEMENT, LLC By:           /s/ Robert M. Romero Name:     Robert M. Romero Title:       Managing Manager, CEO
ADVISORS SERIES TRUST As a Third Party Beneficiary, and as a party for purposes of Section 6, on behalf of the Funds listed on Schedule A By:           /s/ Douglas G. Hess Name:     Douglas G. Hess Title:       President

A-1