0001035449-11-000619 Sample Contracts

VALUED ADVISERS TRUST EXPENSE LIMITATION AGREEMENT
Valued Advisers Trust • September 22nd, 2011 • Valued Advisers Trust

THIS AGREEMENT is made and entered into effective as of June 24, 2011 by and between Valued Advisers Trust, a Delaware statutory trust (the “Trust”), on behalf of one or more of its series portfolios as set forth on Schedule A, (each a “Fund”), and Angel Oak Capital Advisors, LLC (the “Adviser”), a Delaware limited liability company.

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