0001035449-07-000171 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • March 7th, 2007 • 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 Dean Large Cap Value Fund (the “Fund”).

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Dean Investment Associates Letterhead] Letter Agreement
Letter Agreement • March 7th, 2007 • Unified Series Trust
Dean Investment Associates Letterhead] Letter Agreement February ___, 2007
Letter Agreement • March 7th, 2007 • Unified Series Trust
SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • March 7th, 2007 • Unified Series Trust • Ohio

Unified Series Trust (the “Trust”), an Ohio business trust, is a diversified open-end management investment company registered under the Investment Company Act of 1940, as amended (the “Act”), and is subject to the rules and regulations promulgated thereunder. The Trust’s shares of beneficial interest are divided into separate series or funds. Each such share of a fund represents an undivided interest in the assets, subject to the liabilities, allocated to that fund. Each fund has separate investment objectives and policies. The International Value Fund (the “Fund”) has been established as a series of the Trust.

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