0001193125-16-723303 Sample Contracts

CUSTODY AGREEMENT
Custody Agreement • September 28th, 2016 • Valued Advisers Trust • Minnesota

THIS AGREEMENT is made and effective as of August 31, 2016, by and between VALUED ADVISERS TRUST, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America (the “Custodian”).

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VALUED ADVISERS TRUST AMENDED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • September 28th, 2016 • Valued Advisers Trust

THIS AGREEMENT is made and entered into effective as of October 1, 2016 by and between Valued Advisers Trust, a Delaware statutory trust (the “Trust”), on behalf of its series portfolios as set forth on Schedule A, (each a “Fund”), and Long Short Advisors, LLC (the “Adviser”), a Delaware limited liability company.

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