0000894189-05-003084 Sample Contracts

PROFESSIONALLY MANAGED PORTFOLIOS INVESTMENT ADVISORY AGREEMENT Stephens Small Cap Growth Fund

Investment Advisory Agreement • November 23rd, 2005 • Professionally Managed Portfolios • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  November 23rd, 2005
• Company
  Professionally Managed Portfolios
• Jurisdiction
  Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 21st day of November, 2004, by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of the Stephens Small Cap Growth Fund series (the “Fund”) and Stephens Management Investment Group, LLC (the “Advisor”).

PROFESSIONALLY MANAGED PORTFOLIOS OPERATING EXPENSES LIMITATION AGREEMENT

Operating Expenses Limitation Agreement • November 23rd, 2005 • Professionally Managed Portfolios • Delaware

• Contract Type
  Operating Expenses Limitation Agreement
• Filed
  November 23rd, 2005
• Company
  Professionally Managed Portfolios
• Jurisdiction
  Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 21st day of November, 2005, by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of the Stephens Small Cap Growth Fund (the “Fund”), a series of the Trust, and the Advisor of the Fund, Stephens Investment Management Group, LLC (the “Advisor”).