AMENDMENT TO THE PROFESSIONALLY MANAGED PORTFOLIOS CUSTODY AGREEMENT
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
3rd day of August, 2009, to the Custody Agreement, dated as of June 22, 2006, as
amended, (the "Agreement") is entered into by and between Professionally Managed
Portfolios, a Massachusetts business trust (the "Trust"), on behalf of
its separate series, the Xxxx
Focus Fund, and U.S.
Bank National Association, a national banking association (the
"Custodian").
RECITALS
WHEREAS, the parties have
entered into a Custody Agreement; and
WHEREAS, the parties desire to
amend the series of the Trust to add a fund; and
WHEREAS, Article XIV, Section
14.2 of the Agreement allows for its amendment by a written instrument executed
by both parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit W
to the Agreement is hereby added and attached hereto.
Except to
the extent amended hereby, the 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.
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PROFESSIONALLY
MANAGED PORTFOLIOS
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U.S.
BANK N.A.
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By:
/s/Xxxxxx X.
Xxxxxx
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By:
/s/ Xxxxxxx X.
XxXxx
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Name:
Xxxxxx X. Xxxxxx
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Name:
Xxxxxxx X. XxXxx
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Title:
President
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Title:
Vice President
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1
Exhibit
W
to
the
Name of
Series Date
Added
Xxxx
Focus
Fund on
or after August 3, 2009
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Multiple Series
Trust
DOMESTIC CUSTODY
SERVICES
FEE SCHEDULE at August,
2009
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Annual Fee Based Upon Market Value Per
Fund*
.40
basis point on average daily market value
Minimum
annual fee per fund - $5,000
Plus
portfolio transaction fees
Portfolio
Transaction Fees
$4.00 per book
entry DTC transaction/Federal Reserve transaction/principal
paydown
$6.00 per short
sale
$7.00 per U.S.
Bank repurchase agreement transaction
$8.00 per
option/future contract written, exercised or expired
$15.00 per mutual
fund trade/Fed wire/margin variation Fed wire
$25.00 per
physical security transaction
$5.00 per
disbursement (waived if U.S. Bancorp is Administrator)
$150.00 per
segregated account per year
§ A
transaction is a purchase/sale of a security, free receipt/free delivery,
maturity, tender or exchange.
§ No
charge for the initial conversion free receipt.
§ Overdrafts
– charged to the account at prime interest rate plus 2.
Plus Out-Of-Pocket
Expenses
Including
but not limited to expenses incurred in the safekeeping, delivery and
receipt of securities, shipping, transfer fees, extraordinary expenses
based upon complexity, and all other out-of-pocket expenses.
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
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Advisor’s
Signature below acknowledges approval of the domestic custody fee schedule on
this Exhibit X.
Xxxx
Capital Management, LLC
By: /s/Xxxxxx
Xxxxxxxx
Name: Xxxxxx
Xxxxxxxx
Title:_____________________________
Date:_____________________________
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