0001398344-13-003994 Sample Contracts

ULTIMUS MANAGERS TRUST FOURTH AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • August 20th, 2013 • Ultimus Managers Trust

THIS FOURTH AMENDMENT dated as of the 28th day of May, 2013, to the Custody Agreement, dated as of June 5, 2012, as amended August 20, 2012, August 21, 2012 and December 31, 2012 (the " Custody Agreement"), is entered into by and between ULTIMUS MANAGERS TRUST, an Ohio business trust, (the “Trust”) and U.S. BANK, N.A., a national banking association (the "Custodian").

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EXPENSE LIMITATION AGREEMENT FOR ULTIMUS MANAGERS TRUST
Expense Limitation Agreement • August 20th, 2013 • Ultimus Managers Trust

THIS AGREEMENT, dated as of April 23, 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 Barrow Street Advisors LLC (the “Adviser”).

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