0000894189-13-004671 Sample Contracts

MANAGED PORTFOLIO SERIES OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • August 22nd, 2013 • Managed Portfolio Series • Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the "Agreement") is made as of the 1st day ofJuly 2013, by and between Managed Portfolio Series, a Delaware statutory trust (the "Trust"), on behalf of the series of the Trust listed on Schedule A, which may be amended from time to time (the "Fund"), and Nuance Investments, LLC, a Kansas Limited Liability Company (the "Adviser").

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