0001111830-13-000281 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 12th, 2013 • Ultimus Managers Trust • Ohio

This Investment Advisory Agreement (the “Agreement”) is made and entered into effective as of ________, 2013, by and between Ultimus Managers Trust, an Ohio business trust (the “Trust”) on behalf of each series of the Trust set forth on Schedule A attached hereto (individually the “Fund” and collectively the “Funds”), and Barrow Street Advisor LLC, a Delaware limited liability corporation (the “Adviser”).

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EXPENSE LIMITATION AGREEMENT FOR ULTIMUS MANAGERS TRUST
Expense Limitation Agreement • April 12th, 2013 • Ultimus Managers Trust

THIS AGREEMENT, dated as of __________, 2013, is made and entered into by and between the Ultimus Managers Trust, an Ohio business trust (the “Trust”), on behalf of the series of the Trust set forth on Schedule A attached hereto (the “Fund”), and Barrow Street Advisor LLC (the “Adviser”).

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