AMENDMENT TO THE PROFESSIONALLY MANAGED PORTFOLIOS FUND ADMINISTRATION SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 13th day of September, 2013, to the Fund Administration Servicing Agreement, dated as of June 22, 2006, as amended (the "Fund Administration Agreement"), is entered into by and between Professionally Managed Portfolios, a Massachusetts business trust (the "Trust") on behalf of its separate series, the Xxxxxxx Funds and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS").
RECITALS
WHEREAS, the parties have entered into a Fund Administration Agreement; and
WHEREAS, the parties desire to amend the fees; and
WHEREAS, Section 10 of the Fund Administration Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Amended Exhibit N to the Fund Administration Agreement is hereby superseded and replaced with Amended Exhibit N attached hereto.
Except to the extent amended hereby, the Fund Administration Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
PROFESSIONALLY MANAGED PORTFOLIOS U.S. BANCORP FUND SERVICES, LLC
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U.S. BANCORP FUND SERVICES, LLC
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By: /s/ Xxxxxx X. Xxxxxxxx
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By: /s/ Xxxxxxx X. XxXxx
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Name: Xxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. XxXxx
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Title: President
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Title: Executive Vice President
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Amended Exhibit N
to the PMP Fund Administration Servicing Agreement
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Name of Series
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Date Added
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Xxxxxxx Balanced Fund
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Xxxxxxx Equity Fund
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On or after May 31, 2013
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FUND ADMINISTRATION & COMPLIANCE SERVICES
ANNUAL FEE SCHEDULE at October 1, 2013
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Domestic Funds
Annual fee based upon assets per fund*
¨ [ ] basis points on the first $[ ] million
¨ [ ] basis points on the next $[ ] million
¨ [ ] basis points on the balance
¨ Minimum annual fee: $[ ] per fund
Multiple Classes
Additional $[ ] per year per class-waived
Chief Compliance Officer Annual Fees (Per Advisor Relationship/Fund)*
¨ $[ ] per fund (subject to change based on Board review and approval)
Fees are billed monthly
* Subject to CPI increase.
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Extraordinary Services
Quoted separately based upon requirements
Includes monthly fund performance reporting. Daily performance reporting additional.
Plus out-of-pocket expenses, including but not limited to:
¨ Postage, Stationery
¨ Programming, Special Reports
¨ Daily Compliance Testing Systems Expense
¨ Proxies, Insurance
¨ XXXXX filing
¨ Retention of records
¨ Federal and state regulatory filing fees
¨ Certain insurance premiums
¨ Expenses from board of directors meetings
¨ SEC 15c Reporting
¨ Auditing and legal expenses
¨ Blue Sky conversion expenses (if necessary)
¨ All other out-of-pocket expenses
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Advisor’s Signature below acknowledges approval of the fee schedule on this Amended Exhibit N.
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ST. XXXXX X. XXXXXXX & CO. LLC
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Name: /s/ Xxxxxx X. Xxxxx
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Title: Partner
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| Date: 9/19/13 |
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