AMENDED SCHEDULE B

to the

INVESTMENT ADVISORY AGREEMENT

Dated May 20, 2020 between

MANAGER DIRECTED PORTFOLIOS

and

HOOD RIVER CAPITAL MANAGEMENT LLC

Investment Advisory Fee Schedule

Hood River Portfolio			Annual Fee as a Percentage of Average Daily Net Assets (“Assets”)
Hood River Small-Cap Growth Fund			0.90%
Hood River International Opportunity Fund			1.05%
Hood River New Opportunities Fund*			0.75%

*Effective as of the date of the Fund’s commencement of operations

IN WITNESS WHEREOF, the parties hereto have caused this Amended Schedule B to be signed on their behalf by their duly authorized officers as of August 1, 2024.

MANAGER DIRECTED PORTFOLIOS, on behalf of each Fund listed on this Schedule A

By: /s/ Scott M. Ostrowski

Name: Scott M. Ostrowski

Title: President

HOOD RIVER CAPITAL MANAGEMENT LLC

By: /s/ Brian Smoluch

Name: Brian Smoluch

Title: Chief Executive Officer