Common use of E-Mail Services Clause in Contracts

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: ▪ $1,500 setup /fund group ▪ $500 /month administration ▪ $4.00 /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. ▪ $1,000 /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. ▪ Setup - $35,000 /fund group ▪ Annual Fee - $0.17 /open and closed account Same Day Cash Flow ▪ Implementation (one time charge) & Recurring Charges (monthly) − 5 Users – $3,750 − 10 Users – $6,375 − 20 Users – $10,500 − 30 Users – $12,375 − 40 Users – $13,500 − 50 Users – $15,000 ▪ Training − Webex - $500 /user − On Site - $2,500 /day ▪ Real Time Data Feeds − Implementation (per feed) - $225 /hour (8 hour estimate) Recurring (per feed) - $375 /month 19 TRANSFER ANGENT & SHAREHOLDER SERVICES SPPLEMENTAL SERVICES – E COMMERCE SERVICES FEE SCHEDULE FAF Money Market Fund Service Organizations ▪ $15,000 /money market share class per year ▪ Out-of-pocket expenses (see Transfer Agent Fee Schedule)

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: ▪ § $1,500 setup /fund group ▪ § $500 /month administration ▪ § $4.00 /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. ▪ § $1,000 /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. ▪ § Setup - $35,000 /fund group ▪ § Annual Fee - $0.17 /open and closed account Same Day Cash Flow ▪ § Implementation (one time charge) & Recurring Charges (monthly) − - 5 Users – $3,750 − - 10 Users – $6,375 − - 20 Users – $10,500 − - 30 Users – $12,375 − - 40 Users – $13,500 − - 50 Users – $15,000 ▪ § Training − - Webex - $500 /user − - On Site - $2,500 /day ▪ § Real Time Data Feeds − - Implementation (per feed) - $225 /hour (8 hour estimate) - Recurring (per feed) - $375 /month 19 Exhibit X (continued) to the Professionally Managed Portfolios Transfer Agent Servicing Agreement TRANSFER ANGENT AGENT & SHAREHOLDER SERVICES SPPLEMENTAL SERVICES – E COMMERCE SUPPLEMENTAL SERVICES FEE SCHEDULE FAF Money Market Fund Service Organizations ▪ $15,000 /money market share class per year ▪ Out-of-pocket expenses (see Transfer Agent Fee Schedule)at February, 2011

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: ▪ · $1,500 setup /fund group ▪ · $500 /month administration ▪ · $4.00 /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. ▪ · $1,000 /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. ▪ · Setup - $35,000 /fund group ▪ · Annual Fee - $0.17 /open and closed account Same Day Cash Flow ▪ · Implementation (one time charge) & Recurring Charges (monthly) − · 5 Users – $3,750 − · 10 Users – $6,375 − · 20 Users – $10,500 − · 30 Users – $12,375 − · 40 Users – $13,500 − · 50 Users – $15,000 ▪ · Training − · Webex - $500 /user − · On Site - $2,500 /day ▪ · Real Time Data Feeds − · Implementation (per feed) - $225 /hour (8 hour estimate) Recurring (per feed) - $375 /month 19 Exhibit D (continued) to the TRANSFER ANGENT AGENT & SHAREHOLDER SERVICES SPPLEMENTAL SERVICES – E COMMERCE SUPPLEMENTAL SERVICES FEE SCHEDULE at September, 2011 FAF Money Market Fund Service Organizations ▪ · $15,000 /money market share class per year ▪ · Out-of-pocket expenses (see Transfer Agent Fee Schedule)

E-Mail Services. Services to capture, queue, monitor, service and archive shareholder e-mail correspondence: ▪ § $1,500 setup /fund group ▪ § $500 /month administration ▪ § $4.00 /received e-mail correspondence Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service. ▪ § $1,000 /fund group per month Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements. ▪ § Setup - $35,000 /fund group ▪ § Annual Fee - $0.17 /open and closed account Same Day Cash Flow ▪ § Implementation (one time charge) & Recurring Charges (monthly) − - 5 Users – $3,750 − - 10 Users – $6,375 − - 20 Users – $10,500 − - 30 Users – $12,375 − - 40 Users – $13,500 − - 50 Users – $15,000 ▪ § Training − - Webex - $500 /user − - On Site - $2,500 /day ▪ § Real Time Data Feeds − - Implementation (per feed) - $225 /hour (8 hour estimate) - Recurring (per feed) - $375 /month 19 Exhibit W (continued) to the Professionally Managed Portfolios Transfer Agent Servicing Agreement TRANSFER ANGENT AGENT & SHAREHOLDER SERVICES SPPLEMENTAL SERVICES – E COMMERCE SUPPLEMENTAL SERVICES FEE SCHEDULE FAF Money Market Fund Service Organizations ▪ $15,000 /money market share class per year ▪ Out-of-pocket expenses (see Transfer Agent Fee Schedule)at November, 2010