0001193125-12-299912 Sample Contracts

VALUED ADVISERS TRUST EXPENSE LIMITATION AGREEMENT
Valued Advisers Trust • July 11th, 2012 • Valued Advisers Trust

THIS AGREEMENT is made and entered into effective as of July 10, 2012 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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