AMENDMENT TO THE PROFESSIONALLY MANAGED PORTFOLIOS CUSTODY AGREEMENT
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
15th
day of June, 2009, to the Custody Agreement, dated as of June 22, 2006, as
amended, (the "Agreement") is entered into by and between Professionally Managed
Portfolios, a Massachusetts business trust (the "Trust"), on behalf of
its separate series, the Xxxxxx
Fund and the Xxxxxx Small Cap Fund, and U.S. Bank N.A., a national
banking association (the "Custodian").
RECITALS
WHEREAS, the parties have
entered into a Custody Agreement; and
WHEREAS, the parties desire to
amend the series of the Trust to add funds and to amend the fees;
and
WHEREAS, Article XIV, Section
14.2 of the Agreement allows for its amendment by a written instrument executed
by both parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit G
to the Agreement is hereby superseded and replaced with Exhibit G attached
hereto.
Except to
the extent amended hereby, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be executed by a duly authorized
officer on one or more counterparts as of the date and year first written
above.
PROFESSIONALLY
MANAGED PORTFOLIOS
|
U.S.
BANK, N.A.
|
By:
/s/Xxxxxx X.
Xxxxxx
|
By:
/s/Xxxxxxx X.
XxXxx
|
Name:
Xxxxxx X. Xxxxxx
|
Name:
Xxxxxxx X. XxXxx
|
Title:
President
|
Title:
Vice President
|
6/15/09
1
Exhibit
G to the Professionally Managed Portfolios Custody Agreement
Name of
Series
|
Date
Added
|
Xxxxxx Fund
|
11/18/2002
|
Xxxxxx Small Cap
Fund
|
on or after
12/18/2007
|
Xxxxxx Blue Chip 25
Fund
|
on or after
06/15/2009
|
Xxxxxx Equity Income
Fund
|
on or after
06/15/2009
|
Xxxxxx Pure Contrarian
Fund
|
on or after
06/15/2009
|
XXXXXX
CUSTODY SERVICES
FEE
SCHEDULE EFFECTIVE: 09/01/2009
|
Annual fee based upon market value per
fund*:
.40
basis point on average daily market value
Minimum
annual fee per fund - $4,800
Plus
portfolio transaction fees
Portfolio Transaction fees:
$4.00 per book
entry DTC transaction
$4.00 per
principal paydown
$6.00 per short
sale
$7.00 per US Bank
repurchase agreement transaction
$8.00 per
option/future contract written, exercised or expired
$10.00 per book
entry Federal Reserve transaction
$15.00 per mutual
fund trade
$50.00 per
Cedel/Euroclear transaction
$
5.00 per
disbursement (waived if U.S. Bancorp is Administrator)
$
6.00 per
Fed Wire
$15.00 per margin
variation Fed wire
$
150.00 per
segregated account per year
· A
transaction is a purchase/sale of a security, free receipt/free delivery,
maturity, tender or exchange.
· No
charge for the initial conversion free receipt.
· Overdrafts
– charged to the account at prime interest rate plus 2.
Plus
Out-of-Pocket Expenses, including but not limited to expenses
incurred in the safekeeping, delivery and receipt of securities, shipping,
transfer fees, extraordinary expenses based upon complexity, and all other
out-of-pocket expenses.
Fees
are billed monthly.
*
Subject to CPI increase, Milwaukee MSA
Advisor’s
signature below acknowledges approval of the fee schedule
above
XXXXXX
CAPITAL MANAGEMENT, INC.
By: /s/Xxxxx
X. Xxxxxx
Name: Xxxxx
X. Xxxxxx
Title:
President
Date: 8-21-2009
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6/15/09
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