0001193125-16-783727 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • December 2nd, 2016 • Unified Series Trust • Ohio

The Trust has been organized to engage in the business of a registered open-end investment company. The Trust currently offers several series of shares to investors, one of which is the Symons Concentrated Small Cap Value Institutional Fund (the “Fund”).

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UNIFIED SERIES TRUST OPERATING EXPENSE LIMITATION AGREEMENT SYMONS CONCENTRATED SMALL CAP VALUE INSTITUTIONAL FUND
Expense Limitation Agreement • December 2nd, 2016 • Unified Series Trust • Ohio

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 21st day of November, 2016, by and between UNIFIED SERIES TRUST, an Ohio business trust (the “Trust”), on behalf of each series of the Trust set forth on Appendix A attached hereto (each a “Fund” and collectively the “Funds”) and the investment adviser of the Funds, Symons Capital Management, Inc. (the “Adviser”).

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