0001035449-05-000760 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • December 7th, 2005 • Unified Series Trust • Ohio

The Trust has been organized to engage in the business of a registered open-end investment company. The Trust currently offers several series of shares to investors, one of which is QCM Absolute Return Fund (the “Fund”).

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MANAGEMENT AGREEMENT
Management Agreement • December 7th, 2005 • Unified Series Trust • Ohio

The Trust has been organized to engage in the business of a registered open-end investment company. The Trust currently offers several series of shares to investors, one of which is the Geronimo Sector Opportunity Fund (the “Fund”).

GERONIMO Letterhead] Letter Agreement November 22, 2005
Letter Agreement • December 7th, 2005 • Unified Series Trust
GERONIMO Letterhead] Letter Agreement November 22, 2005
Letter Agreement • December 7th, 2005 • Unified Series Trust
UNIFIED SERIES TRUST AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • December 7th, 2005 • Unified Series Trust

THIS AMENDMENT dated as of the ___ day of ________________, 2005, to the Custody Agreement, dated as of the 23rd day of September, 2005 (the "Agreement"), is entered by and between UNIFIED SERIES TRUST, an Ohio business trust (the "Trust") and U.S. Bank, N.A., a national banking association (the "Custodian").

GERONIMO Letterhead] Letter Agreement November ____, 2005
Letter Agreement • December 7th, 2005 • Unified Series Trust
SPECIAL CUSTODY and PLEDGE AGREEMENT
Special Custody and Pledge Agreement • December 7th, 2005 • Unified Series Trust • New York

THIS SPECIAL CUSTODY and PLEDGE AGREEMENT, (hereinafter the “Agreement”) dated this 2nd day of December, 2005, is made by and among UNIFIED SERIES TRUST, an Ohio business trust, on behalf of its series, QCM ABSOLUTE RETURN FUND (“Customer”), GOLDMAN, SACHS & CO., a New York limited partnership (“Broker”), QUIXOTE CAPITAL MANAGEMENT, LLC, a Delaware limited liability company (“Manager”) and U.S. BANK NATIONAL ASSOCIATION (“Custodian”).

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