0001580642-22-005610 Sample Contracts

VALUED ADVISERS TRUST INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 4th, 2022 • Valued Advisers Trust • Delaware

INVESTMENT ADVISORY AGREEMENT (the "Agreement") made as of this 3rd day of October 2022 by and between Valued Advisers Trust (the “Trust”), a Delaware statutory trust registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and Kovitz Investment Group Partners, LLC (the “Adviser”), a Delaware limited liability company with its principal place of business in Chicago, Illinois.

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AMENDMENT NO. 1 TO ETF MASTER SERVICES AGREEMENT
Etf Master Services Agreement • November 4th, 2022 • Valued Advisers Trust

WHEREAS, Ultimus and the Trust are parties to that certain ETF Master Services Agreement dated October 18, 2021 (the “Agreement”); and

FIRST AMENDMENT TO CUSTODIAN AND TRANSFER AGENT AGREEMENT
Custodian and Transfer Agent Agreement • November 4th, 2022 • Valued Advisers Trust

THIS FIRST AMENDMENT TO CUSTODIAN AND TRANSFER AGENT AGREEMENT (this “Amendment”) is made as of October 7, 2022 by and between BROWN BROTHERS HARRIMAN & CO., a limited partnership organized under the laws of the State of New York (“BBH&Co.” or, when referring to BBH&Co. in its capacity as custodian, the “Custodian,” and when referring to BBH&Co. in its capacity as transfer agent, the “TA”), and VALUED ADVISERS TRUST (the “Trust”), an open-end management investment company organized under the laws of the State of Ohio and registered with the Securities and Exchange Commission under the Investment Company Act of 1940, on behalf of each of its Portfolios listed on Schedule IV (Portfolios of the Trust) to the Agreement (as defined below).

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