UNIFIED SERIES TRUST OPERATING EXPENSE LIMITATION AGREEMENT SYMONS VALUE INSTITUTIONAL FUND SYMONS CONCENTRATED SMALL CAP VALUE INSTITUTIONAL FUNDOperating Expense Limitation Agreement • March 30th, 2017 • Unified Series Trust • Ohio
Contract Type FiledMarch 30th, 2017 Company JurisdictionTHIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 1st day of February, 2017, 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”).