0001580642-23-002954 Sample Contracts

EXPENSE LIMITATION AGREEMENT

Expense Limitation Agreement • May 30th, 2023 • American Pension Investors Trust

• Contract Type
  Expense Limitation Agreement
• Filed
  May 30th, 2023
• Company
  American Pension Investors Trust

Lynchburg, VA 24501 Dear Trustees: Ultimus Fund Distributors, LLC (“Ultimus”) confirms our agreement with you as follows:

American Pension Investors Trust • May 30th, 2023

• Company
  American Pension Investors Trust
• Filed
  May 30th, 2023