0001398344-18-014231 Sample Contracts

AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • September 28th, 2018 • Ultimus Managers Trust

This AMENDED AND RESTATED Expense Limitation Agreement (the “Agreement”), dated as of August 1, 2018, is made and entered into by and between the Ultimus Managers Trust, an Ohio business trust (the “Trust”), on behalf of each series of the Trust set forth on Schedule A attached hereto (each a “Fund”), and Stralem & Company Incorporated, a Delaware corporation (the “Adviser”).

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AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • September 28th, 2018 • Ultimus Managers Trust

This AMENDED AND RESTATED Expense Limitation Agreement (the “Agreement”), dated as of August 1, 2018, is made and entered into by and between the Ultimus Managers Trust, an Ohio business trust (the “Trust”), on behalf of each series of the Trust set forth on Schedule A attached hereto (each a “Fund”), and Ladder Capital Asset Management LLC, a Delaware limited liability company (the “Adviser”).

SECOND AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • September 28th, 2018 • Ultimus Managers Trust • Ohio

This Amended and Restated Expense Limitation Agreement (the “Agreement”), is made and entered into effective as of August 31, 2018, between Ultimus Managers Trust, an Ohio business trust (the “Trust”), on behalf of its series listed on Schedule A hereto (the “Fund”), and Cincinnati Asset Management, Inc., an Ohio corporation (the “Adviser”) and is amending and restating in its entirety that certain First Amended Expense Limitation Agreement, dated April 21, 2014, between the Trust, on behalf of the Fund, and the Adviser.

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