0001193125-16-484931 Sample Contracts

VALUED ADVISERS TRUST DISTRIBUTION AGREEMENT
Distribution Agreement • February 29th, 2016 • Valued Advisers Trust • Indiana

DISTRIBUTION AGREEMENT, dated as of January 1, 2016, by and among Valued Advisers Trust, a Delaware statutory trust (the “Trust”), each investment adviser to each series of the Trust as set forth on Exhibit A (each an “Adviser” and, collectively, the “Advisers”), and Unified Financial Securities, LLC, a Delaware limited liability company (the “Distributor”).

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VALUED ADVISERS TRUST AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • February 29th, 2016 • Valued Advisers Trust

THIS AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT (“Agreement”) 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 SMI Advisory Services, LLC (the “Adviser”), an Indiana limited liability company, is hereby made effective as of December 9, 2015.

RESTATED AMENDMENT TO MUTUAL FUND SERVICES AGREEMENT
Mutual Fund Services Agreement • February 29th, 2016 • Valued Advisers Trust • Indiana

This Restated Amendment to the Mutual Fund Services Agreement (“Amendment”) is entered into and effective as of March 1, 2015 by and between Huntington Asset Services, Inc. (“Huntington”), Valued Advisers Trust, (the “Trust”), and SMI Advisory Services, LLC (“Adviser”).

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