0000894189-08-002003 Sample Contracts

PROFESSIONALLY MANAGED PORTFOLIOS AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT The Osterweis Strategic Income Fund
Investment Advisory Agreement • June 30th, 2008 • Professionally Managed Portfolios • Delaware

THIS AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT is made as of the 27th day of June, 2008, by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of the Trust’s The Osterweis Strategic Income Fund series (the “Fund”) and Osterweis Capital Management, LLC (the “Advisor”).

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