Letter Agreement To: Unified Series Trust 431 North Pennsylvania Street Indianapolis, Indiana 46204 Dear Ladies and Gentlemen: You have engaged us to act as the sole investment adviser to the Chinook Emerging Growth Fund (the "Fund") pursuant to the...Investment Advisory Agreement • March 31st, 2006 • Unified Series Trust
You have engaged us to act as the sole investment adviser to the Chinook Emerging Growth Fund (the "Fund") pursuant to the Management Agreement approved by the Board of Trustees. From the date hereof until November 30, 2006, we hereby agree to reimburse the fees and expenses of the Fund, but only to the extent necessary to maintain the Fund's total annual operating expenses, excluding any 12b-1 fees, brokerage fees and commissions, borrowing costs (such as interest and dividend expenses on securities sold short), taxes and extraordinary expenses, at 1.85% of the average daily net assets of the Fund for that period.
RECITALSGlobal Security Risk Screen and Certification Agreement • March 31st, 2006 • Unified Series Trust • New York
