0001193125-16-485087 Sample Contracts

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 Granite Investment Advisors, Inc. (the “Adviser”), a Delaware corporation, is hereby made effective as of December 9, 2015.

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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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