0000894189-23-000053 Sample Contracts

PROFESSIONALLY MANAGED PORTFOLIOS INVESTMENT ADVISORY AGREEMENT With BRIDGES INVESTMENT MANAGEMENT, INC.
Investment Advisory Agreement • January 4th, 2023 • Professionally Managed Portfolios • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 3rd day of January, 2023, by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of the series listed on Schedule A, which may be amended from time to time (each a “Fund”), and Bridges Investment Management, Inc. (the “Adviser”).

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DISTRIBUTION AGREEMENT
Service Fee Agreement • January 4th, 2023 • Professionally Managed Portfolios • Delaware

the terms and conditions set forth in the Prospectus and any operating procedures and policies established by Distributor or the Fund (directly or through its transfer agent) from time to time. All purchase orders Dealer submits are subject to acceptance or rejection, and Distributor reserves the right to suspend or limit the sale of Shares. Dealer is not authorized to make any representations concerning Shares except such representations as are contained in the Prospectus and in such supplemental written information that the Fund or Distributor (acting on behalf of the Fund) may provide to Dealer with respect to a Fund. All orders that are accepted for the purchase of Shares shall be executed at the next determined public offering price per share (i.e., the net asset value (“NAV”) per share plus the applicable sales load, if any) and all orders for the redemption of Shares shall be executed at the next determined NAV per share and subject to any applicable redemption fee or contingent

PROFESSIONALLY MANAGED PORTFOLIOS OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • January 4th, 2023 • Professionally Managed Portfolios • Massachusetts

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 3rd day of January, 2023, by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of the series listed on Appendix A, which may be amended from time to time (the “Funds”), a series of the Trust, and the Adviser of the Funds, Bridges Investment Management, Inc. (the “Adviser”).

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