Schedule B

to the DISTRIBUTION AND SERVICE PLAN

(Rule 12b-1 Plan)

(as amended on December 5, 2013 to add Semper Short Duration Fund)

Series or Fund of Advisors Series Trust

Semper MBS Total Return Fund

Semper Short Duration Fund

ADVISORS SERIES TRUST                                                                                      

on behalf of the Funds listed on Schedule B

By:           /s/ Douglas G. Hess

Name:      Douglas G. Hess

Title:        President