December 29, 2010

Aston Asset Management LP

120 N. LaSalle Street, 25^th Floor

Chicago, IL 60602

Re: Investment Advisory Agreement with Aston Asset Management, LP

dated April 15, 2010 (the “Investment Advisory Agreement”)

Ladies and Gentlemen:

Pursuant to the Investment Advisory Agreement, we are hereby providing notification of a series of the Aston Funds to be called ASTON/River Road Long-Short Fund (the “New Series”).

Attached hereto are amended Schedules A and B to the Investment Advisory Agreement to reflect, among other things, the appropriate effective date, initial term and annual fee rate for the New Series. By acknowledging below, you agree to render the investment advisory and management services to the New Series under the terms of the Investment Advisory Agreement and the amended Schedules A and B attached hereto.

ASTON FUNDS
By:	/s/ Gerald F. Dillenburg
Name:	Gerald F. Dillenburg
Its:	Senior Vice President, Secretary, and Treasurer

Accepted this 29th day of December, 2010.
ASTON ASSET MANAGEMENT, LP
By:	/s/ Kenneth C. Anderson
Name:	Kenneth C. Anderson
Its:	President

SCHEDULE A

Fund	Effective Date	Initial Term
ASTON Dynamic Allocation Fund	April 15, 2010	December 31, 2011
ASTON Value Fund	April 15, 2010	December 31, 2011
ASTON/Barings International Fund	April 15, 2010	December 31, 2011
ASTON/Cardinal Mid Cap Value Fund	April 15, 2010	December 31, 2011
ASTON/Fasciano Small Cap Fund	April 15, 2010	December 31, 2011
ASTON/Fortis Real Estate Fund	April 15, 2010	December 31, 2011
ASTON/Herndon Large Cap Value Fund	April 15, 2010	December 31, 2011
ASTON/Lake Partners LASSO Alternatives Fund	April 15, 2010	December 31, 2011
ASTON/M.D. Sass Enhanced Equity Fund	April 15, 2010	December 31, 2011
ASTON/Montag & Caldwell Balanced Fund	April 15, 2010	December 31, 2011
ASTON/Montag & Caldwell Growth Fund	April 15, 2010	December 31, 2011
ASTON/Montag & Caldwell Mid Cap Growth Fund	April 15, 2010	December 31, 2011
ASTON/Neptune International Fund	April 15, 2010	December 31, 2011
ASTON/New Century Absolute Return ETF Fund	April 15, 2010	December 31, 2011
ASTON/Optimum Mid Cap Fund	April 15, 2010	December 31, 2011
ASTON/River Road Dividend All Cap Value Fund	April 15, 2010	December 31, 2011
ASTON/River Road Select Value Fund	April 15, 2010	December 31, 2011
ASTON/River Road Small Cap Value Fund	April 15, 2010	December 31, 2011
ASTON/TAMRO Diversified Equity Fund	April 15, 2010	December 31, 2011
ASTON/TAMRO Small Cap Fund	April 15, 2010	December 31, 2011
ASTON/TCH Fixed Income Fund	April 15, 2010	December 31, 2011
ASTON/Veredus Aggressive Growth Fund	April 15, 2010	December 31, 2011
ASTON/Veredus Select Growth Fund	April 15, 2010	December 31, 2011
ASTON/Crosswind Small Cap Growth Fund	October 20, 2010	December 31, 2011
ASTON/Singer Macro Allocation Fund	November 15, 2010	December 31, 2011
ASTON/River Road Independent Value Fund	December 28, 2010	December 27, 2012
ASTON/River Road Long-Short Fund	December 29, 2010	December 27, 2012

SCHEDULE B

Fund	Annual Fee Rate
ASTON Dynamic Allocation Fund	0.80% of the Fund’s average daily net assets
ASTON Value Fund	0.80% of the Fund’s average daily net assets
ASTON/Barings International Fund	1.00% of the Fund’s average daily net assets
ASTON/Cardinal Mid Cap Value Fund	0.90% of the Fund’s average daily net assets
ASTON/Fasciano Small Cap Fund	1.00% of the Fund’s average daily net assets
ASTON/Fortis Real Estate Fund	1.00% of the Fund’s average daily net assets
ASTON/Herndon Large Cap Value Fund	0.80% of the Fund’s average daily net assets
ASTON/Lake Partners LASSO Alternatives Fund	1.00% of the Fund’s average daily net assets
ASTON/M.D. Sass Enhanced Equity Fund	0.70% of the Fund’s average daily net assets
ASTON/Montag & Caldwell Balanced Fund	0.75% of the Fund’s average daily net assets
ASTON/Montag & Caldwell Growth Fund	0.80% for the first $800 million 0.60% over $800 million
ASTON/Montag & Caldwell Mid Cap Growth Fund	0.85% of the Fund’s average daily net assets
ASTON/Neptune International Fund	1.00% of the Fund’s average daily net assets
ASTON/New Century Absolute Return ETF Fund	1.00% of the Fund’s average daily net assets
ASTON/Optimum Mid Cap Fund	0.80% for the first $100 million 0.75% for the next $300 million 0.70% over $400 million
ASTON/River Road Dividend All Cap Value Fund	0.70% of the Fund’s average daily net assets

Fund	Annual Fee Rate
ASTON/River Road Select Value Fund	1.00% of the Fund’s average daily net assets
ASTON/River Road Small Cap Value Fund	0.90% of the Fund’s average daily net assets
ASTON/TAMRO Diversified Equity Fund	0.80% of the Fund’s average daily net assets
ASTON/TAMRO Small Cap Fund	0.90% of the Fund’s average daily net assets
ASTON/TCH Fixed Income Fund	0.55% of the Fund’s average daily net assets
ASTON/Veredus Aggressive Growth Fund	1.00% of the Fund’s average daily net assets
ASTON/Veredus Select Growth Fund	0.80% of the Fund’s average daily net assets
ASTON/Crosswind Small Cap Growth Fund	1.00% of the Fund’s average daily net assets
ASTON/Singer Macro Allocation Fund	1.00% for the first $1 billion 0.95% for the next $1 billion 0.90% for over $2 billion
ASTON/River Road Independent Value Fund	1.00% of the Fund’s average daily net assets
ASTON/River Road Long-Short Fund	1.20% of the Fund’s average daily net assets