INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • December 20th, 2022 • Ultimus Managers Trust • Ohio
This Investment Advisory Agreement (the “Agreement”) is made and entered into effective as of October 18, 2022, 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 Bullseye Investment Management, LLC, an Ohio limited liability company (the “Adviser”).
ETF DISTRIBUTION AGREEMENTEtf Distribution Agreement • December 20th, 2022 • Ultimus Managers Trust • Nebraska
This ETF Distribution Agreement (this “Agreement”) is effective the 22nd day of April 2021, between Ultimus Managers Trust, an unincorporated Ohio business trust (the “Trust”), on behalf of itself and the fund(s) listed on Schedule B, as may be amended from time to time (each, a “Fund”, and collectively, the “Funds”), and Northern Lights Distributors, LLC a Nebraska limited liability company (the “Distributor”).
ETF MASTER SERVICES AGREEMENTEtf Master Services Agreement • December 20th, 2022 • Ultimus Managers Trust • Ohio
This ETF Master Services Agreement (this “Agreement”), dated April 21, 2021, is between Ultimus Managers Trust (the “Trust”), an Ohio business trust, and Ultimus Fund Solutions, LLC (“Ultimus”), a limited liability company organized under the laws of the state of Ohio.
EXPENSE LIMITATION AGREEMENT FOR ULTIMUS MANAGERS TRUSTExpense Limitation Agreement • December 20th, 2022 • Ultimus Managers Trust
THIS EXPENSE LIMITATION AGREEMENT (the “Agreement”), dated as of October 18, 2022, 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 Bullseye Investment Management, LLC, a limited liability company (the “Adviser”).
AMENDED SCHEDULE A Dated October 18, 2022 to EXPENSE LIMITATION AGREEMENT DATED DECEMBER 1, 2019 FOR ULTIMUS MANAGERS TRUST OPERATING EXPENSE LIMITSExpense Limitation Agreement • December 20th, 2022 • Ultimus Managers Trust
* Expressed as a percentage of a Fund’s average daily net assets. This amount is exclusive of brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, costs to organize the Fund, Acquired Fund fees and expenses, and extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of such Fund’s business.
AMENDED SCHEDULE A DATED OCTOBER 18, 2022 TO INVESTMENT ADVISORY AGREEMENT DATED DECEMBER 1, 2019 BETWEEN ULTIMUS MANAGERS TRUST AND Q3 ASSET MANAGEMENT CORPORATIONInvestment Advisory Agreement • December 20th, 2022 • Ultimus Managers Trust
* As a percent of average daily net assets. Note, however, that the Adviser shall have the right, but not the obligation, to voluntarily waive any portion of the advisory fee from time to time.
CUSTODIAN AND TRANSFER AGENT AGREEMENTCustodian and Transfer Agent Agreement • December 20th, 2022 • Ultimus Managers Trust
THIS AMENDMENT TO CUSTODIAN AND TRANSFER AGENT AGREEMENT (this “Amendment”) is made as of November 11, 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 ULTIMUS MANAGERS TRUST (the “Fund”), an open-end management investment company organized as an unincorporated business trust under the laws of the State of Ohio and registered with the Securities and Exchange Commission under the Investment Company Act of 1940.
