SCHEDULE A

TO

INVESTMENT ADVISORY AGREEMENT

EAGLE CAPITAL APPRECIATION FUND

EAGLE GROWTH & INCOME FUND

EAGLE SERIES TRUST

Pursuant to Paragraph 7 of the Agreement, each Series shall pay the following fees to the Adviser for rendering investment advisory services. These fees shall be computed daily and paid monthly at the following annual rates as percentages of the Series' average daily net assets:

Eagle Capital Appreciation Fund

Average Daily Net Assets     Advisory Fee as % of Average Daily Net Assets

First $1 billion ............................................................ 0.60%

Over $1 billion ........................................................... 0.55%

Eagle Growth & Income Fund

Average Daily Net Assets    Advisory Fee as % of Average Daily Net Assets

First $100 million ....................................................... 0.60%

Over $100 million to $500 million ............................ 0.45%

Over $500 million ...................................................... 0.40%

Eagle Series Trust

A.         For the Eagle Investment Grade Bond Fund:

Average Daily Net Assets   Advisory Fee as % of Average Daily Net Assets

All assets .................................................................... 0.30%

B.         For the Eagle International Equity Fund:

Average Daily Net Assets   Advisory Fee as % of Average Daily Net Assets

First $100 million....................................................... 0.85%

Over $100 million to $1 billion ................................. 0.65%

Over $1 billion ........................................................... 0.55%

C. For the Eagle International Stock Fund:

Average Daily Net Assets    Advisory Fee as % of Average Daily Net Assets

First $500 million....................................................... 0.60%

Over $500 million to $1 billion ................................. 0.55%

Over $1 billion ........................................................... 0.50%

D. For the Eagle Mid Cap Growth Fund:

Average Daily Net Assets    Advisory Fee as % of Average Daily Net Assets

First $500 million....................................................... 0.60%

Over $500 million to $1 billion ................................. 0.55%

Over $1 billion ........................................................... 0.50%

E.         For the Eagle Mid Cap Stock Fund:

Average Daily Net Assets    Advisory Fee as % of Average Daily Net Assets

First $500 million....................................................... 0.60%

Over $500 million to $1 billion ................................. 0.55%

Over $1 billion ........................................................... 0.50%

F.         For the Eagle Small Cap Growth Fund:

Average Daily Net Assets   Advisory Fee as % of Average Daily Net Assets

First $500 million....................................................... 0.60%

Over $500 million to $1 billion ................................. 0.55%

Over $1 billion ........................................................... 0.50%

G.         For the Eagle Small Cap Stock Fund:

Average Daily Net Assets   Advisory Fee as % of Average Daily Net Assets

First $500 million....................................................... 0.60%

Over $500 million to $1 billion ................................. 0.55%

Over $1 billion ........................................................... 0.50%

H.         For the Eagle Smaller Company Fund:

Average Daily Net Assets    Advisory Fee as % of Average Daily Net Assets

First $500 million....................................................... 0.60%

Over $500 million to $1 billion ................................. 0.55%

Over $1 billion ........................................................... 0.50%

I.         For the Eagle Tax-Exempt Bond Fund

Average Daily Net Assets    Advisory Fee as % of Average Daily Net Assets

All Assets ................................................................... 0.30%

Dated: November 16, 2012