0001193125-17-060952 Sample Contracts

VALUED ADVISERS TRUST AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • February 28th, 2017 • 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 Dana Investment Advisors, Inc. (the “Adviser”), a Wisconsin corporation.

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MUTUAL FUND SERVICES FEE AGREEMENT
Mutual Fund Services Fee Agreement • February 28th, 2017 • Valued Advisers Trust

AGREEMENT, effective as of January 1, 2017 by and between Ultimus Asset Services, LLC (“Ultimus”), and Long Short Advisors, LLC (“Adviser”).

DISTRIBUTION FEE AGREEMENT
Distribution Fee Agreement • February 28th, 2017 • Valued Advisers Trust

AGREEMENT, effective as of January 1, 2017 by and between Unified Financial Securities, LLC (“Unified”), and Long Short Advisors, LLC (“Adviser”).

AMENDMENT TO CUSTODY AGREEMENT
Custody Agreement • February 28th, 2017 • Valued Advisers Trust • Virginia

This Amendment to the Custody Agreement (“Amendment”) is entered into and effective as of July 19, 2016 by and between FOLIOfn Investments, Inc. (the “Custodian”) and Valued Advisers Trust (the “Trust”).

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