0001398344-13-003072 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 5th, 2013 • Ultimus Managers Trust • Ohio

This Investment Advisory Agreement (the “Agreement”) is made and entered into effective as of _____ __, 2013, by and between Ultimus Managers Trust, an Ohio business trust (the “Trust”) on behalf of each series of the Trust set forth on Schedule A attached hereto (individually the “Fund” and collectively the “Funds”), a series of shares of the Trust, and Wavelength Capital Management, LLC, a a Delaware limited liability corporation (the “Adviser”).

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EXPENSE LIMITATION AGREEMENT FOR ULTIMUS MANAGERS TRUST
Expense Limitation Agreement • July 5th, 2013 • Ultimus Managers Trust

THIS AGREEMENT, dated as of ____ __, 2013, is made and entered into by and between the Ultimus Managers Trust, an Ohio business trust (the “Trust”), on behalf of the series of the Trust set forth on Schedule A attached hereto (the “Fund”), and Wavelength Capital Management, LLC (the “Adviser”).

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