INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • January 29th, 2016 • Ultimus Managers Trust • Ohio
This Investment Advisory Agreement (the “Agreement”) is made and entered into effective as of November 13, 2015, 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”), a series of shares of the Trust, and Ryan Labs Asset Management Inc., a Delaware corporation (the “Adviser”).
