AMENDMENT TO THE PROFESSIONALLY MANAGED PORTFOLIOS FUND ADMINISTRATION SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 25TH day of March, 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 Portfolio 21 Funds, and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS, the parties have entered into the Fund Administration Agreement; and
WHEREAS, the parties desire to amend the fees of a certain series of the Trust; 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Amended Exhibit K to the Fund Administration Agreement is hereby superseded and replaced with Amended Exhibit K attached hereto.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.
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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 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 K
to the PMP Fund Administration Servicing Agreement
Name of Series
Portfolio 21 Global Equity Fund Class R
Portfolio 21 Global Equity Fund Class I
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FUND ADMINISTRATION & COMPLIANCE SERVICES
ANNUAL FEE SCHEDULE EFFECTIVE: 04/01/2013
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Domestic/International Funds
Annual fee based upon assets per fund*
[ ] on the first $[ ] million
[ ] on the next $[ ] million
[ ] above $[ ] million
Multiple Classes
Additional $[ ] per year per class – waived
Chief Compliance Officer (CCO)
$[ ] per year per fund = Effective 4/1/2013
(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 K.
PORTFOLIO 21
By: /s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxx
Title: Chief Compliance Officer
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