0000894189-09-002641 Sample Contracts

PROFESSIONALLY MANAGED PORTFOLIOS FINAL INVESTMENT ADVISORY AGREEMENT with Brown Investment Advisory Incorporated

Investment Advisory Agreement • August 25th, 2009 • Professionally Managed Portfolios • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  August 25th, 2009
• Company
  Professionally Managed Portfolios
• Jurisdiction
  Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 27th day of July, 2009, by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of each series of the Trust listed on Schedule A, as may be amended from time to time (each a “Fund” and collectively, the “Funds”) and Brown Investment Advisory Incorporated (the “Advisor”).

PROFESSIONALLY MANAGED PORTFOLIOS OPERATING EXPENSES LIMITATION AGREEMENT

Operating Expenses Limitation Agreement • August 25th, 2009 • Professionally Managed Portfolios • Delaware

• Contract Type
  Operating Expenses Limitation Agreement
• Filed
  August 25th, 2009
• Company
  Professionally Managed Portfolios
• Jurisdiction
  Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 27th day of July, 2009, by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of each series of the Trust listed on Schedule A, as may be amended from time to time (each a “Fund” and collectively, the “Funds”) and Brown Investment Advisory Incorporated (the “Advisor”).