0001193125-13-083912 Sample Contracts

VALUED ADVISERS TRUST EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • February 28th, 2013 • Valued Advisers Trust

THIS AGREEMENT is made and entered into effective as of January 15, 2013 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 Dreman Value Management, LLC (the “Adviser”), a Delaware limited liability company.

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 28th, 2013 • Valued Advisers Trust • Delaware

AGREEMENT made as of January 15, 2013 between VALUED ADVISERS TRUST, a Delaware statutory trust (the “Trust”), and Dreman Value Management, LLC, a Delaware limited liability company (the “Investment Advisor”).

MUTUAL FUND SERVICES AGREEMENT Fund Accounting Services Fund Administration Services Transfer Agency Services by and among VALUED ADVISERS TRUST, HUNTINGTON ASSET SERVICES, INC. and DREMAN VALUE MANAGEMENT, LLC January 15, 2013
Mutual Fund Services Agreement • February 28th, 2013 • Valued Advisers Trust • Indiana

AGREEMENT (this “Agreement”), dated as of January 15, 2013 (“Effective Date”), by and among Valued Advisers Trust, a Delaware statutory trust (the “Trust”), Huntington Asset Services, Inc., a Delaware corporation (“HASI”) and Dreman Value Management, LLC, a Delaware limited liability company (“Adviser”). Adviser is a party to this agreement solely for purposes of evidencing Adviser’s agreement to the term of this Agreement, and the fees payable under the Agreement, as described in Sections 6 and 10, and in Exhibit E.

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