0001398344-17-004172 Sample Contracts

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • March 30th, 2017 • Ultimus Managers Trust

THIS AGREEMENT, dated as of January 24, 2017, is entered into by and between Ultimus Managers Trust, an Ohio business trust (the “Trust”), on behalf of its series listed on Schedule A hereto (individually, a “Fund” and collectively, the “Funds”), and Barrow Street Advisors, LLC (the “Adviser”).

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