0001193125-16-727457 Sample Contracts

VALUED ADVISERS TRUST DISTRIBUTION AGREEMENT
Distribution Agreement • September 30th, 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 FEE WAIVER AGREEMENT
Valued Advisers Trust • September 30th, 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 the Cloud Capital Strategic All Cap Fund (formerly the Cloud Capital Large Cap Fund) as set forth on Schedule A (the “Fund”), and Cloud Capital, LLC (the “Adviser”), a Delaware limited liability company.

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