AMENDMENT TO SECURITIES LENDING AGREEMENT

AMENDMENT TO

SECURITIES LENDING AGREEMENT

THIS AMENDMENT TO SECURITIES LENDING AGREEMENT ("Amendment") is made and entered into effective as of December 31, 2020, by and between U.S. Bank National Association ("Bank") and Professionally Managed Portfolios, on behalf of each respective series identified in Exhibit A attached hereto and made a part hereof (each such series hereinafter referred to as a separate "Customer").

WITNESSETH:

WHEREAS, Customer and Bank are parties to that certain Securities Lending Agreement dated effective as of March 15, 2013, as amended from time to time ("Agreement"); and

WHEREAS, the parties desire to amend the Agreement on the terms and subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual premises, covenants and undertakings set forth herein, the parties hereto agree as follows:

1.Approved Borrowers. Exhibit B attached hereto shall hereby replace and supersede Exhibit B to the Agreement.

2.Loan Fee Schedule. Exhibit C attached hereto shall hereby replace and supersede Exhibit C to the Agreement.

3.Election of Collateral Investment. Exhibit E attached hereto shall hereby replace and supersede Exhibit E to the Agreement.

4.No Further Effect. Except as expressly amended or modified hereby, all terms and conditions of the Agreement shall remain in full force and effect. This Amendment shall be deemed incorporated into and a part of the Agreement.

5.Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the parties hereto have entered into this Amendment to Securities Lending Agreement effective as of the day and year first above written.

PROFESSIONALLY MANAGED PORTFOLIOS,

on behalf of each respective series identified in Exhibit A

attached hereto and made a part hereof

By: /s/ Xxxxxx X. Xxxxxxxx

Name: Xxxxxx X. Xxxxxxxx

Title: President

Date: December 22, 2020

U.S. BANK NATIONAL ASSOCIATION

By: /s/ Xxxx Xxxxxxxxx

Name: Xxxx Xxxxxxxxx

Title: Vice President

Date: December 31, 2020

EXHIBIT B

APPROVED BORROWERS

The following entities are pre-approved as “Borrowers” pursuant to the Securities Lending Agreement unless the Customer places an “X” on the line across from a Borrower name.

Banco Santander, X.X

Xxxxxxxxx LLC

Bank of Montreal

X.X. Xxxxxx Securities LLC

Bank of Nova Scotia (The)

Mizuho Securities USA LLC

Barclays Capital, Inc.

Xxxxxx Xxxxxxx & Co. LLC

BMO Capital Markets Corp.

MUFG Securities Americas Inc.

BMO Xxxxxx Xxxxx Inc.

National Bank of Canada Financial Inc.

BNP Paribas, New York Branch

National Financial Services LLC

BNP Paribas Prime Brokerage International, Limited

Nomura Securities International, Inc.

BNP Paribas Securities Corp.

Pershing, LLC

BofA Securities, Inc.

Xxxxxxx Xxxxx & Associates, Inc.

Canadian Imperial Bank of Commerce

RBC Capital Markets, LLC

Cantor Xxxxxxxxxx & Co.

RBC Dominion Securities Inc.

CF Secured, LLC

Royal Bank of Canada, New York Branch

CIBC World Markets Corp.

Scotia Capital (USA) Inc.

CIBC World Markets Inc.

SG Americas Securities, LLC

Citigroup Global Markets Inc.

Société Générale, New York Branch

Credit Agricole Securities (USA) Inc.

TD Ameritrade Clearing, Inc.

Credit Suisse Securities (USA) LLC

TD Prime Services LLC

Deutsche Bank Securities Inc.

TD Securities (USA) LLC

Xxxxxxx Sachs & Co. LLC

Truist Securities, Inc.

HSBC Bank plc

UBS Securities LLC

HSBC Securities (USA) Inc.

Xxxxx Fargo Clearing Services, LLC

ING Financial Markets LLC

Xxxxx Fargo Securities, LLC

Xxxxxx Xxxxxxxxxx Xxxxx LLC

PROFESSIONALLY MANAGED PORTFOLIOS						TRILLIUM ASSET MANAGEMENT
By: /s/ Xxxxxx X. Xxxxxxxx						By: /s/ Xxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxxxx						Name: Xxxx X. Xxxxxx
Title: President						Title: CIO
Date: December 22, 2020						Date: 12/23/20

EXHIBIT C

LOAN FEE SCHEDULE

The Bank shall be paid a fee for administering the securities lending program for the Customer. The fee shall be calculated daily by the Bank against the Net Income earned by the Customer on such day. The fee shall equal thirty percent (30%) of Net Income and shall be retained monthly by the Bank out of the Customer’s aggregate Net Income for such month, provided, however, that if the fee is not so retained, the Customer shall pay such fee upon request from the Bank.

EXHIBIT E

ELECTION OF COLLATERAL INVESTMENT

U.S. Bank, N.A.

000 Xxxxxxxx Xxxx

Xxxxxxxxxxx, XX 00000

Ladies and Gentlemen:

Pursuant to the Securities Lending Agreement ("Agreement") between U.S. Bank, N.A. and Professionally Managed Portfolios ("Customer"), Customer desires to elect the Collateral Investment into which Cash Collateral and Proceeds are invested (as such terms are defined in the Agreement).

Customer hereby requests that the following be designated as a Collateral Investment pursuant to Section 1 of the Agreement: Government Obligations Fund, Class X, a series of First American Funds, Inc. ("Fund"). This election does not otherwise amend the terms of the Agreement.

Customer represents and warrants that it is familiar with the Investment Company Act of 1940, as amended, and that it has reviewed under understands the most recent prospectus relating to the Fund.

Please acknowledge your agreement to the terms set out above by signing and dating where indicated below.

Signed for and on behalf of Customer:						Acceptance:
Professionally Managed Portfolios on behalf of each respective series identified in Exhibit A to the Agreement						U.S. Bank, N.A. hereby confirms acceptance of the terms set out above.
By: /s/ Xxxxxx X. Xxxxxxxx						By: /s/ Xxxx Xxxxxxxxx
Name: Xxxxxx X. Xxxxxxxx						Name: Xxxx Xxxxxxxxx
Title: President						Title: Vice President
Date: December 22, 2020						Date: December 31, 2020
Acknowledged by Adviser:
By: /s/ Xxxx X. Xxxxxx
Name: Xxxx X. Xxxxxx
Title: CIO
Date: 12/23/20