First Amended Schedule A to the Expense Limitation Agreement
First Amended Schedule A
to the
This First Amended Schedule A, dated December 13, 2015, modifies the Expense Limitation Agreement, dated August 19, 2015, between Ultimus Managers Trust, on behalf of the Funds listed below, and Alambic Investment Management, L.P.
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Fund Name
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Maximum Operating
Expense Limit*
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Expiration
Date
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Alambic Small Cap Value Plus Fund
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1.20%
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August 31, 2018
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Alambic Small Cap Growth Plus Fund
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1.20%
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August 31, 2018
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| * | Expressed as a percentage of a Fund’s average daily net assets. This amount is exclusive of brokerage costs, taxes, interest, costs to organize the Fund, Acquired Fund fees and expenses, extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of such Fund’s business, and amounts, if any, payable pursuant to a plan adopted in accordance with Rule 12b-1 under the 1940 Act. |
IN WITNESS WHEREOF, the parties hereto have signed this First Amended Schedule A as of the date first written above.
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Xxxxxxx Managers Trust
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Alambic Investment Management, L.P.
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By:
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/s/Xxxxx X. Xxxxxx
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By:
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/s/Xxxxxx X. Xxxxxxxxx
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Name:
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Xxxxx X. Xxxxxx
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Name:
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Xxxxxx X. Xxxxxxxxx
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Title:
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President
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Title:
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Partner
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